Search results for: Economy

White House criticises $3b China tariffs

-- 2018-04-03 12:50:57

The White House has criticised China after the second largest economic country imposed retaliatory tariffs against the US on a range of goods, including pork, fruits, and wine. Beijing has introduced...

Remittance inflow rebounds

FE Report 2018-04-03 09:47:46

The flow of inward remittance bounced back in March after a falling trend in the previous month, as the exchange rate of the local currency maintained stability against the US dollar, officials said....

FICCI proposes gradual cut in corporate tax

FE Report 2018-04-03 09:38:15

Foreign investors have proposed the National Board of Revenue (NBR) to devise a plan to cut corporate tax rates gradually and expand the tax net over the next five years. The members of the Foreign I...

Only strong banks should get state entities' deposit

FE Report 2018-04-03 00:27:30

Only the strong and well-managed banks should be allowed to receive 50 per cent deposit of the state entities, a leading economist of the country opined on Monday. "Not all the banks should be allowe...

US factory activity declines; construction spending gains

-- 2018-04-02 22:30:33

US factory activity slowed in March amid a decline in new orders, but growth in the manufacturing sector remains underpinned by strong domestic and global economies. Other data on Monday showed a mar...

NBR wants FICCI's assistance for tax collection

-- 2018-04-02 19:35:54

National Board of Revenue (NBR) on Monday has sought cooperation from the business community for collection of tax from potential areas and individuals still remaining out of tax net. "This time the...

Bahrain discovers biggest oil field in its history

-- 2018-04-02 13:18:23

Bahrain has discovered its largest oil field since the Middle East country's first oil well began operation nearly 90 years ago, according to the country’s official news agency. The governmen...

NBR to settle long-standing BPC VAT dues thru' book adjustment

Doulot Akter Mala 2018-04-02 10:18:12

The revenue authority is set to settle the long-standing Value Added Tax (VAT) worth Tk 35.64 billion dues from Bangladesh Petroleum Corporation (BPC) through book adjustment after all its efforts to...

BB takes new measures to beef up liquidity supply

Siddique Islam 2018-04-02 00:17:00

Bangladesh Bank (BB) will slash Cash Reserve Requirement (CRR) of the banks by 1.0 percentage point to 5.50 per cent to help mitigate the present liquidity crunch in the banking system. The decision...

BD’s topmost challenge lies in reducing gaping disparity

Asjadul Kibria 2018-04-02 00:15:19

A macro-development economist of international renown noted with satisfaction the progress Bangladesh achieved in 47 years but warned that the rising disparity might derail the overall development. "...

BB to cut CRR by 1.0 percentage point

FE Online Report 2018-04-01 16:18:07

The central bank of Bangladesh will slash the Cash Reserve Requirement (CRR) by 1.0 percentage point to 5.5 per cent from the existing level of 6.50 per cent to help mitigating the ongoing liquidity c...

Muhith expects over 7.5pc economic growth in current fiscal

-- 2018-04-01 12:34:18

Finance Minister AMA Muhith on Saturday said the government is expecting the country's economic growth will be over 7.5 per cent in the current fiscal year. The minister also said the economic growth...

LDC graduation: BB chief links it to functioning of FIs

FE Report 2018-04-01 09:55:13

Bangladesh's sustainable transition from the LDC (least-developed country) status largely depends on effective functioning of the country's financial institutions (FIs), says the central bank chief....

European Investment Bank looks to dole out €110m loan for Railway

FE Report 2018-04-01 09:49:42

The European Investment Bank (EIB) intends to provide €110 million in loan to help Bangladesh purchase new rolling stock for the Railway. The total cost of the project is €270 million and c...

Regulator weighing pleas for doubling gas price

FE Report 2018-04-01 09:41:47

State energy regulator now weighs the proposals submitted by the gas- distribution companies for nearly doubling its tariffs, with an obvious motive of adjusting the prices with that of expensive LNG....

France-Myanmar trade hits $234m

-- 2018-03-31 14:51:46

Bilateral trade between France and Myanmar hit 234 million US dollars as of January in present fiscal year 2017-2018, the official Global New Light of Myanmar has reported. During the period, the c...

Beijing to offer 10,000 jobs for farmers

-- 2018-03-31 14:37:07

Beijing will offer 10,000 urban jobs in the public service sector to farmers living in the suburbs this year, according to the city's rural affairs commission. The measure is aimed at accommodating...

Govt likely to sign €95m IDB loan for peri-urban housing

FE Report 2018-03-31 10:36:23

The government is set to sign its long-awaited 94.75 million Euros loan deal with the Islamic Development Bank (IDB) next week, which would be used for the financing of rural and peri-urban housing...

Japan pledges $1.83b more for dev projects

FHM Humayan Kabir 2018-03-31 09:49:39

Japan has offered some US$1.83 billion in assistance for bankrolling Bangladesh's six major development projects on communications infrastructures, power and port. Ministry of Finance (MoF) officials...

PCBs to get half of state entities’ deposits

FE Report 2018-03-31 00:17:10

State enterprises will now be allowed to deposit 50 per cent of their funds with the private commercial banks (PCBs), up from the 25 per cent cap they used to have earlier. The decision to raise the...

BD to enjoy LDC trade benefits for nine years

FE Online Report 2018-03-30 19:26:05

Even after formally being graduated from the Least Developed Country (LDC) category in 2024, Bangladesh will be able to enjoy the existing trade benefits for another three years or up to 2027. Thus t...

WB clears $560m for two projects

-- 2018-03-30 13:24:51

The World Bank has approved $560 million for two projects in Bangladesh to improve power supply and help microenterprises become environmentally sustainable. “The World Bank is helping Banglade...

$2.67b Chinese hard loan for Padma rail-link project

FHM Humayan Kabir 2018-03-30 12:38:11

The construction work of Padma Bridge railway link is going to start this year, as the government approved US$ 2.67 billion Chinese hard loan for the project on Thursday, officials said. Economic Rel...

Thai Feb factory output beats expectations

-- 2018-03-30 12:07:20

The annual industrial output of Thailand rose more than expected in February, boosted by higher production of cars, petroleum, hard drives and plastic pellets. The manufacturing production index (M...

RBI to hike rates early next year

-- 2018-03-30 11:39:31

The Reserve Bank of India (RBI) will keep monetary policy steady at its April meeting but shift to a hawkish stance by the end of this year and raise interest rates early in 2019, said a Reuters pol...

US GDP likely to grow 2.4pc in Q1

-- 2018-03-30 11:21:58

The US economy is on track to expand at a 2.4 per cent annualised rate in the first quarter following the latest data on advanced trade data and personal spending, report Reuters. The latest estima...

State lenders to give Farmers Bank Tk 7.15b lifeline

Siddique Islam 2018-03-30 09:56:50

Four state-owned commercial banks (SoCB) and a financial institution will inject Tk 7.15 billion as equity into the troubled Farmers Bank Limited in an attempt to salvage it. Managing directors and c...

FBCCI for VAT, tax to be reflected in budget

FE Online Report 2018-03-29 21:57:00

The Federation of Bangladesh Chambers of Commerce & Industry (FBCCI) wants business community’s proposals relating to value added tax (VAT), import duty and income tax to be reflected in the...

German unemployment rate hits record low

-- 2018-03-29 15:57:35

Germany’s jobless total dropped more than expected in March and the unemployment rate hit a record low, data showed on Thursday, reflecting the strength of a labour market that has become the li...

SoEs may be allowed to deposit 60pc with public banks, 40pc with PCBs

Siddique Islam 2018-03-29 09:31:54

The government is likely to relax the policy to allow its agencies so that they can deposit more funds with the private commercial banks (PCBs) to help mitigate the ongoing liquidity crunch. Under th...