Search results for: Economy

Canada inflation rate inches up

-- 2018-04-21 11:34:20

The Canadian annual inflation rate in March edged up to 2.3 per cent from 2.2 per cent in February, the highest level in more than three years, in part due to costlier gasoline, Statistics Canada h...

Philippines c bank likely to hold rates

-- 2018-04-20 11:20:12

The Bangko Sentral ng Pilipinas (BSP), the central bank of Philippines, said that authorities may hold off adjusting interest rates for the rest of the year if the next inflation outlook is within tar...

Central bank tightens monitoring as demand for greenback grows

Siddique Islam 2018-04-20 10:46:29

The Bangladesh Bank (BB) has intensified its monitoring and supervision to gauge the real situation in the country's foreign-exchange market through scrutinising banks' statements. Under the latest m...

PM for collaboration outside geographical positioning to harness blue economy

-- 2018-04-19 22:28:28

Prime Minister Sheikh Hasina on Thursday said countries need to collaborate with countries of other regions for capacity-building, technology sharing, research and to harness blue economy. "As the id...

USA export earnings mark 1.62pc growth in July-February

-- 2018-04-19 17:09:59

Export earnings from the USA, one of Bangladesh's key destinations, witnessed 1.62 per cent growth in the first eight months (July-February) of the current fiscal (FY18) compared to the corresponding...

UK March retail sales hit record low

-- 2018-04-19 15:28:58

The retail sales of the United Kingdom recorded their biggest quarterly fall in a year during the three months to March, after unusually cold and snowy weather kept shoppers at home. Retail sales v...

BD among countries to gain most from BRI project

-- 2018-04-19 11:37:42

Bangladesh, Malaysia, and Pakistan are expected to be the biggest beneficiaries of the China-led US$1.5 trillion Belt and Road Initiative (BRI), according to a Nomura Group report. The report also hi...

BB asks BIAC, ABB to draft guideline on NPL recovery

FE Report 2018-04-19 10:16:35

Bangladesh Bank (BB) has recently moved to formulate a guideline for realisation of non-performing loans (NPLs) in the banking sector and make amendment to relevant laws. During a recent tripartite m...

30 missions successfully achieve July-Feb export targets

-- 2018-04-18 17:55:41

Around 30 Bangladesh missions abroad out of 57 have successfully achieved their respective export targets in the first eight months (July-February) period of the current fiscal (FY18). The key Bangla...

China’s construction, hi-tech help drive Q1 GDP growth strong

-- 2018-04-18 14:38:57

China’s construction, hi-tech and industrial output helped drive the second largest economy in the first quarter (Q1), while a slowdown in the services and agriculture sectors dragged on growth....

BD eyes settlement in US cyber heist suit ahead of its own case

-- 2018-04-17 17:12:53

NEW YORK, Apr 16 (Reuters): An Ecuadorian bank and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, providing a possible precedent for the Bangladesh central bank's planned...

Govt turns banking sector into an orphan: CPD

FE Online Report 2018-04-17 15:11:16

Private think-tank Centre for Policy Dialogue (CPD) has termed the country's banking sector as an 'orphan' due to continual abuse of the government. While presenting the budget recommendations for Fi...

World Islamic Economic Forum confce July 4

FE Online Desk 2018-04-17 12:57:15

The 14th World Islamic Economic Forum will be held in Astana, Kazakhstan on July 4. Professionals and industry leaders will discuss, among other things, what benefits Islamic finance and fintech of...

BB asks banks to bring down lending rates to single digit

Siddique Islam 2018-04-17 09:37:44

The central bank of Bangladesh has asked the banks to take effective measures to bring down the interest rate on lending to single digit from the existing level as soon as possible. The advice was ma...

NBR may trim tax revenue collection target by Tk 300b

FE Report 2018-04-17 09:31:25

The aggregate tax revenue collection target may be trimmed by up to Tk 300 billion in the current fiscal year (FY) following a large amount of shortfall of the ambitious target, said the revenue board...

NBR receives Tk 3.88b arrear income tax '

Doulot Akter Mala 2018-04-16 17:09:17

Field-level income tax and Value Added Tax (VAT) offices across the country observed 'Halkhata' festival on Sunday, and realised a significant amount of arrear tax from the taxpayers. According to a...

PM gives nod to $2.67b Chinese loan

Munima Sultana 2018-04-16 17:01:20

All the formalities have been completed to get the highest amount of loan worth US$ 2.67 billion from China for Padma rail link project with the Prime Minister's seal of approval on Sunday. Sources s...

Soaring import payments widen trade gap further

Siddique Islam 2018-04-16 09:40:30

The country's overall trade deficit widened further in the first eight months of the current fiscal year (FY) 2017-18 mainly due to higher import payments against lower export receipts, officials sa...

China GDP growth eases in first quarter

-- 2018-04-16 00:00:00

China likely carried most of its strong economic momentum from last year into the first quarter of 2018, with government crackdowns on financial risks and industrial pollution dragging less on activit...

Muhith leaves Dhaka to join IMF-WB meetings

-- 2018-04-15 22:33:18

Finance Minister AMA Muhith left Dhaka for USA on Sunday to attend the Springs Meetings of the International Monetary Fund (IMF) and World Bank Group in Washington DC. An Emirates Airlines flight car...

Construction sector to witness double digit growth

FE Online Report 2018-04-15 19:03:52

Construction sector of the country is set to post double digit growth in the current fiscal year, FY18. Provisional estimation of the Bangladesh Bureau of Statistics (BBS) showed that the sector is s...

BD needs new drivers of growth: ADB

FE Online Report 2018-04-15 18:48:27

Contributions of exports and remittances to the economy, the two traditional growth drivers of Bangladesh, have weakened in recent years. Making the observation, Asian Development Bank (ADB) stressed...

Rat race on to push through new, unapproved projects

FHM Humayan Kabir 2018-04-15 10:21:11

Ministries are racing hard to add their new, unapproved projects to the upcoming Annual Development Programme (ADP), majority of which insiders say are politically-motivated. Officials and insiders s...

Govt borrows Tk 150b from domestic sources in July-Jan

Jasim Uddin Haroon 2018-04-15 10:08:34

The government's overall domestic borrowing stood at Tk 150 billion during the July-January period of this fiscal year (FY), 2017-18, mainly due to lower demand for funds to meet its budget spending....

Govt plans Tk 10.0b project to develop small, cottage industries

-- 2018-04-14 19:35:24

The government plans to implement a project involving Tk 10.0 billion for the development of small and cottage industries. Industries Minister Amir Hossain Amu came up with the statement on Saturday...

88pc of BD job depends on domestic final demand

FE Online Report 2018-04-14 17:22:08

Around 88 per cent of the employment in Bangladesh is depended on the domestic final demand, according to an estimate of the Asian Development Bank (ADB). Again, only 8.0 per cent of the total job of...

US adds India to currency watch list with China

-- 2018-04-14 15:15:50

WASHINGTON: The US Treasury added India to its watch list of countries with potentially questionable foreign exchange policies, joining China and four others, according to a report issued Friday, acco...

Deficit financing up by 73pc in July-January

FE Online Report 2018-04-14 13:27:19

Deficit financing of the country’s budget in the first seven months of the current fiscal year jumped by 73 per cent over the same period of the past fiscal year. Statistics available with Bang...

Greek consumer price inflation slows in March

-- 2018-04-14 11:59:10

Greece's annual EU-harmonised inflation rate slowed in March, the reading in March was 0.2 per cent from 0.4 per cent in February, statistic service ELSTAT data showed on Friday. The data also showed...

Panchagarh eyes 14,200 tonnes groundnut production

-- 2018-04-14 10:56:59

PANCHAGARH: Farmers are expecting a bumper groundnut production in all the five upazilas of Panchagarh district in the current season. Sources with the Department of Agriculture Extension (DAE) sai...