Search results for: Economy

Rising trend of inward remittance continues in April

FE Online Report 2018-05-03 18:58:50

The upward trend of inward remittances continued in April following stable exchange of local currency against the US dollar, officials said. The remittance inflow was estimated at $1.33 billion in Ap...

Women entrepreneurship key to achieving more gender equal Asia-Pacific: ADB

-- 2018-05-03 18:39:01

Despite the progress made over the last two decades in empowering women in Asia and the Pacific, there remain huge gender gaps, particularly in the economic and political spheres, said speakers at a s...

ADB to team with private sector to help achieve SDGs

-- 2018-05-03 18:05:46

Asian Development Bank (ADB) is firmly committed to partnering with the private sector to help achieve the Paris Agreement on climate change and the Sustainable Development Goals (SDG). ADB has also...

BD growth a very good example: ADB

FE Online Desk 2018-05-03 13:33:26

The Asian Development Bank (ADB) has said Bangladesh can be a very good example of economic growth for the other countries to follow in Asia. Lauding the country’s impressive growth, ADB presid...

Italy's employment rate hits 10-year high

-- 2018-05-03 13:30:44

The employment rate in Italy was 58.3 per cent in March, the highest level since 2008, the National Institute of Statistics (ISTAT) said on Wednesday. It grew by 0.2 percentage point against the pre...

BD receives $1.218b remittance in April

-- 2018-05-02 20:39:15

The country received $1.218 billion as remittance from April 1 to 27 this year. In March, the total inward remittance was $1.299 billion. Bangladesh Bank officials said the data on remittance of thr...

Net FDI in textile sector crosses $400m

FE Online Report 2018-05-02 20:14:26

Net inflow of the foreign direct investment (FDI) in the textile dector crossed $400 million in the past year, according to the latest statistics of the central bank. It showed that net FDI in the te...

Stock of FDI stands at $14.55b

FE Online Report 2018-05-02 20:03:00

Stock of the Foreign Direct Investment (FDI) in the country stood at $14.55 billion by the end of the past year. A statistics, released by the central bank last month, also showed that of the total s...

Bangladesh to enjoy benefit from fund launched by ADB, UK

-- 2018-05-02 16:20:20

The Asian Development Bank (ADB) and the Government of the United Kingdom on Wednesday launched the Asia Regional Trade and Connectivity Fund (ARTCF) from which Bangladesh will be benefited. The fund...

Euro zone manufacturing slows in April

-- 2018-05-02 16:05:41

Euro zone factory growth slowed further last month from record highs at the turn of the year, but expansion remained strong as customers largely shrugged off rising prices, a survey showed on Wednesda...

Canada economy grows 0.4pc in Feb

-- 2018-05-02 12:45:44

The gross domestic product (GDP) of Canada rose 0.40 per cent in February, Statistics Canada said on Tuesday, a sign that Q1 growth could outperform the Bank of Canada’s relatively weak expectat...

Russian military spending falls again

-- 2018-05-02 12:44:56

Russian military spending fell by a fifth last year, its first decline in nearly two decades, a report by defence think-tank Stockholm International Peace Research Institute (SIPRI) has showed. Russi...

UK shop prices drop

-- 2018-05-02 12:43:53

British shop prices slipped again in April, according to a survey on Wednesday that suggested inflation pressures remain in check ahead of a Bank of England interest rate decision next week. Overall...

Cut in corporate tax under consideration: Muhith

FE Report 2018-05-02 09:50:41

Finance Minister AMA Muhith has dropped a hint about the reduction in corporate tax to some extent, but he did not mention how much relief will be given to the companies. "The reduction in corporat...

Australia's central bank keeps rate at historic lows

-- 2018-05-01 14:45:24

The Reserve Bank of Australia (RBA) has kept interest rates at historic lows, predicting inflation would remain muted even as the economy gained speed this year. The RBA left the benchmark rates at 1...

UK becomes top FDI source for BD: BB

FE Online Report 2018-05-01 13:46:21

Bangladesh received highest Foreign Direct Investment (FDI) from the United Kingdom (UK) in the past year. Statistics released by Bangladesh Bank (BB) last month showed that net inflow of FDI from th...

China’s RMG industry faces tough times

-- 2018-05-01 11:44:34

At the bustling Canton Fair in southern China, second-generation textile manufacturer Pan Jing has drastically marked down her prices, according to a report published on /www.cnbc.com. The sign at...

German retail sales drop in March

-- 2018-04-30 16:40:34

Retail sales in Germany dropped in last month, marking a fourth consecutive drop and dampening cheer around a consumer-led upswing in Europe’s biggest economy, data showed on Monday. The vola...

Turkey c bank lifts year-end inflation forecast

-- 2018-04-30 14:17:17

The Central Bank of the Republic of Turkey (CBRT), the central bank of Turkey, has lifted its year-end inflation forecast to 8.4 per cent from 7.9 per cent previously. The CBRT Governor Murat Cetin...

Call money rate budges on excess liquidity

Jasim Uddin Haroon 2018-04-30 09:49:13

The call money rate in the local money market took a dip to the lowest level in more than one year on Thursday, the last working day before the weekend, indicating the presence of excess liquidity in...

FBCCI for introducing the ATA Carnet

FE Online Report 2018-04-29 15:43:48

In a bid to make the customs procedure more transparent, country’s apex trade body has urged the government to introduce the ATA Carnet system in Bangladesh. The Federation of Bangladesh Cha...

Beach town braces for record tourist turnout

Our Correspondent, Cox's Bazar 2018-04-29 15:40:51

The Cox's Bazar beach town expects a record turnout of tourists during April 27-May 05 that turns out to be virtually a nine-day vacation barring two working days on April 30 and May 03. Local hotel...

BB seeks info on all bad debts

-- 2018-04-29 12:30:54

Bangladesh Bank has asked all the banks and other financial institutions of the country to send reports about all the default loans. As per a new circular issued on Thursday, the banks and financial...

Dhaka-Beijing talks on free trade agreement soon

Jubair Hasan 2018-04-29 09:59:23

Bangladesh is going to resume negotiations on a free trade agreement (FTA) with China to boost trade with the world's second-largest economy, officials said. As part of the process, a high-powered de...

Faridpur-Kuakata highway to get four lanes

-- 2018-04-28 18:26:26

The government plans to upgrade the Faridpur-Kuakata highway to a four-lane in a bid to boost tourism and improve the overall road communication system. The 236.74-kilometre highway from Bhanga of Fa...

First LNG import delivery to enjoy duty waiver

FE Report 2018-04-28 16:29:50

The first Liquefied Natural Gas (LNG) shipment, which arrived on Tuesday, will enjoy duty-benefit through an undertaking. The importer of LNG will be able to release goods enjoying exemption from th...

Tk 50b project to end Ctg water-logging starts

-- 2018-04-28 15:58:34

The Chittagong Development Authority or CDA has launched a Tk 50 billion mega project aimed at easing water-logging from the next monsoon season. “The city is going to see visible change in wat...

BD’s dependence on commodity export, import low

FE Online Report 2018-04-28 15:15:22

Bangladesh is one of the 32 developing countries classified as both the ‘low commodity-export-dependent’ and ‘low commodity-import- dependent’.  The Commodities and Deve...

Transport and communication growth likely to decline

FE Online Report 2018-04-28 14:02:18

Growth of the transport, storage, and communication sector is likely to decline in the current fiscal year (FY 2017-18), according to the provisional estimation of the Bangladesh Bureau of Statistics...

Myanmar’s foreign trade reaches $1.5b in April 1-20

-- 2018-04-28 13:03:41

Myanmar’s trade with foreign countries in the first 20 days of the six-month transitional period has reached over 1.5 billion US dollars, according to figures from the Commerce Ministry on Satur...