Search results for: Economy

India's FX reserves may fall below $400b mark

-- 2018-08-18 12:34:40

The foreign exchange reserves of India has come within striking distance of falling below the $400 billion mark as the rupee coming under severe pressure due to meltdown in the Turkish lira. The FX...

Singapore's non-oil domestic exports surge in July

-- 2018-08-17 12:34:21

The non-oil domestic exports (NODX) of Singapore grew 11.8 per cent year on year in July, Enterprise Singapore, a government agency that champions enterprise development, announced on Friday. The c...

Call rate rise unlikely ahead of Eid-ul-Azha

Siddique Islam 2018-08-17 10:15:26

The inter-bank call money rate is unlikely to rise ahead of the Eid-ul-Azha, as the overall excess liquidity with the banks increased by over 22 per cent or Tk 171 billion in this June. The call mone...

S Korea posts trade surplus for 78 months to July

-- 2018-08-16 13:22:19

South Korean economy posted trade surplus for 78 months to July due mainly to strong demand for locally-made semiconductors and oil products, customs office data showed Thursday. Revised figure for t...

Bangladesh to increase wheat imports 10pc in 2018/19

-- 2018-08-15 20:38:23

Bangladesh will import around 6.5 million tonnes of wheat in the next marketing year, the USDA’s local branch in the country estimated, according to a report published on www.agricensus.com Wedn...

DHL eCommerce announces partnership with Shopee

FE Online Desk 2018-08-15 13:51:43

KUALA LUMPUR - Media OutReach - 15 AUGUST- DHL eCommerce, a division of the world's leading logistics company, Deutsche Post DHL Group (DPDHL), today announced its partnership with Shopee, the leading...

Turkey doubles tariffs on US products

-- 2018-08-15 11:40:19

Turkey has doubled tariffs on some US imports, such as passenger cars, alcohol and tobacco, in what its vice president said was a response to deliberate US attacks on the Turkish economy. The move...

Dhaka city to get 0.85m pre-paid meters

FE Report 2018-08-15 09:40:58

The government has approved a Tk 6.58 billion project to install 0.85 million pre-paid meters in Dhaka city. The Dhaka Power Distribution Company (DPDC) will implement the project. Presided over by...

Mahathir for opening up BD worker recruitment to all agencies

-- 2018-08-14 20:18:22

The Malaysian government wants to open up the recruitment of workers in Bangladesh to all agencies to break the monopoly on the business and reduce processing fees, according to a report by New Strait...

Export earnings grow by 20pc in July

FE Online Report 2018-08-14 17:32:31

Country's earnings from goods exports grew nearly 20 per cent to $3.58 billion in the first month of the current fiscal year (FY19). A notable rise in apparel export played a role in the growth. The...

ECNEC approves Tk 8.26b livelihood programme

-- 2018-08-14 15:25:53

The Executive Committee of the National Economic Council (ECNEC) today (Tuesday) approved the ‘Improvement of Livelihood of Marginal Communities Programme’ at an estimated cost of Tk 8.261...

UK jobless rate falls to lowest since 1975

-- 2018-08-14 15:23:01

Britain’s unemployment rate fell to its lowest since 1975 during the second quarter (Q2) and productivity picked up, but wage growth slowed, official data showed on Tuesday. The number of Eur...

China's economy cools further, investment growth at record low

-- 2018-08-14 12:02:35

China’s economy is showing further signs of cooling as the US prepares to impose even tougher trade tariffs, with investment in the first seven months of the year slowing to a record low and ret...

'Huge foreign investment will come in FY19'

-- 2018-08-13 21:14:16

Planning Minister AHM Mustafa Kamal has said Bangladesh will receive huge foreign direct investment (FDI) in the current fiscal year. "The actual FDI amounting some seven to eight billion US dollars...

WB confirms $510m loan to improve secondary education

FE Online Report 2018-08-13 18:49:25

The World Bank has confirmed $510 million loan to enhance the quality and effectiveness of secondary education system of Bangladesh. Bangladesh government and the Washington-based lender signed a loa...

Bank of Israel predicts 3.5pc GDP in 2019

-- 2018-08-13 13:22:44

The Bank of Israel predicted 3.5 per cent gross domestic product (GDP) for 2019, as the economy is more inclined to export and less to private consumption. The economy appeared to be more balanced...

Singapore's Q2 GDP grows 3.9pc

-- 2018-08-13 13:04:11

Singapore's economy increased 3.9 per cent year on year in the second quarter (Q2), easing from the 4.5 per cent growth in the first quarter, the Ministry of Trade and Industry (MTI) announced on Mond...

Dhaka-Ctg Expressway project: Cost soars to Tk 335b for huge land acquisition

Munima Sultana 2018-08-13 10:59:41

The projected high spending for land acquisition has propelled the cost of Dhaka-Chittagong Expressway project to Tk 335 billion. The cost for land acquisition in the project is 68 per cent higher...

Bangabandhu’s killing hit ‘economic take-off’

FE Report 2018-08-13 10:11:21

Participants at a seminar in the city on Sunday recalled the unparalleled role of Father of the Nation Bangabandhu Sheikh Mujibur Rahman in the development of the country's economy until the last mome...

BDT depreciation set to fuel external debt stocks

Jasim Uddin Haroon 2018-08-13 09:24:59

The local currency's depreciation against dollar is set to raise external debt stocks and interest payments largely, according to economists. According to economics parlance, taka's depreciation agai...

Padma bridge may miss deadline

FHM Humayan Kabir 2018-08-12 09:58:33

Slightly over two-fifths of physical work of the Padma bridge project was completed until last fiscal, although its execution deadline will end in December, officials said. Officials said they were l...

China auto imports jump on new tariff rates

-- 2018-08-11 14:04:44

China's imports of automobiles jumped 72 per cent to 7.38 billion dollars in July after lower tariff rates went into effect, data from the General Administration of Customs showed. According to th...

Outbound jobs drop by 24 per cent

FE Report 2018-08-11 10:11:53

The country's overseas employment dropped by more than 24 per cent in last seven months compared to that of the corresponding period last year. According to the data available with Bureau of Manpower...

Ratio of BD's black economy slipping, says IMF paper

Asjadul Kibria 2018-08-11 10:05:10

The ratio of the shadow economy in Bangladesh in terms of the Gross Domestic Product (GDP) has been declining for more than one decade. Shadow economy, also known as the black economy, means all econ...

UK economy picks up some speed, Brexit hurdles ahead

-- 2018-08-11 00:41:40

Britain's economy picked up some speed in the second quarter after a sharp winter slowdown in early 2018 but lost momentum in June, underlining its stuttering performance ahead of Brexit in less than...

Japan Q2 GDP expands annualised 1.9pc

-- 2018-08-10 12:51:09

Japan's economy expanded at an annualised rate of 1.9 per cent in the April-June quarter (Q2), government data showed Friday. The preliminary data released by the Cabinet Office revealed that Japan's...

$350m ADB assistance for Rohingya rehabilitation, education, power

FE Online Report 2018-08-09 17:59:17

The Asian Development Bank (ADB) will provide US$350 million assistance to Bangladesh for Rohingya rehabilitation, education, and power sector development. The Manila-based lender will provide $100 m...

India's rural-urban mobile ownership gap is worse than Bangladesh

-- 2018-08-09 12:01:54

India has nearly one billion phone users and yet there is a wide gap between the ownership of mobiles in the country, according to report published on India Today. According to a report by a Sri Lank...

‘$44b export target set for FY19’

-- 2018-08-08 18:24:12

Commerce Minister Tofail Ahmed on Wednesday said the government has set an export target of US$44 billion for fiscal 2018-19 (FY19). “Of the total, $39 billion is targeted for goods export whil...

Bangladesh sending caregivers to Japan

-- 2018-08-08 17:30:32

Bangladesh is going to send caregivers to Japan for the first time this year opening a new opportunity of remittance inflow. A total of seven women aged between 18 and 23 years are taking final train...