Search results for: Economy

Thrust on popularising hedging to curb risks

FE Report 2018-03-23 09:35:27

Bangladesh needs to develop an effective benchmark interest rate along with broadening secondary bond market to popularise hedging mechanism for mitigating risks in future, senior bankers and expert...

China raises short-term market interest rates

-- 2018-03-22 17:44:21

China has raised its short-term market interest rates by 5 basis points (bps) following the US Federal Reserve Bank’s move overnight. The People’s Bank of China (PBOC) hiked the interest...

Govt launches project to address post-LDC challenges

FE Online Report 2018-03-22 17:36:35

The government launched 'Export Diversification and Competitiveness Development Project (Tier-2)' at a programme at CIRDAP auditorium in the capital on Thursday. Organised by the Ministry of Commerce...

BB eases forex rules for shipping lines

FE Report 2018-03-22 10:03:48

The central bank has relaxed foreign exchange regulations allowing the shipping lines to issue bills of lading to the name of importers after receiving advance payment instead the name of banks earlie...

Credit binge squeezes banks' liquidity

Siddique Islam 2018-03-22 09:29:29

The overall excess liquidity with the country's banks shrank by nearly 18 per cent or Tk 154.61 billion by January, mainly for a lending binge against a deposit dearth. Selling the US dollar by the c...

Germany eyes 2.3pc GDP growth in 2018

-- 2018-03-21 19:16:28

The panel of economic advisers to the German government on Wednesday raised its growth forecast for the country to 2.3 per cent this year. They raised the growth forecast despite giving a stark war...

IMF for G20 policies to make growth more resilient

FE Online Desk 2018-03-21 11:42:49

Christine Lagarde, Managing Director of the International Monetary Fund (IMF) Tuesday said the world is now passing an opportune moment to implement reforms to make growth more solid, sustainable, bal...

Factors that banks in major emerging markets are currently facing

FE Online Desk 2018-03-21 11:24:47

SINGAPORE (S&P Global Ratings) March 21—While the improving global economy will help banks in the BRICS countries, S&P Global Ratings addresses the main risks confronting the lenders in...

RHD in a fix over extent of land acquisition

Munima Sultana 2018-03-21 11:04:03

Roads and Highways Department (RHD) is in difficulty to implement its next four-lane highway project than other such projects due to requirement of acquiring a greater extent of land to widen only 190...

Economy fosters ‘job-rich growth’

FE Report 2018-03-21 09:48:06

An official ratings agency says the Bangladesh economy can boast of fostering a 'job-rich growth', with the jobless rate remaining static at only 4.2 per cent last fiscal. Bangladesh Bureau of Statis...

Wider NBR drive to detect tax-dodging foreigners

Doulot Akter Mala 2018-03-21 09:26:22

Smelling large information gap in the data about registered foreign workers in Bangladesh, the tax authority now takes a wider survey on 40 companies to detect undocumented ones. As per the data comp...

S Africa's CPI to slow in February

-- 2018-03-20 14:57:22

The headline consumer inflation of South Africa slowed to 4.0 per cent year-on-year in February from 4.4 per cent in January, data from Statistics South Africa showed on Tuesday. On a month-on-mont...

Amu seeks WIPO support to accelerate industrialisation

-- 2018-03-20 14:47:33

Industries Minister Amir Hossain Amu on Monday sought technical support from the World Intellectual Property Organisation (WIPO) to accelerate the country's industrialisation. "Under the prudent poli...

Strong activity in Q1, but trade risks loom at APAC region

FE Online Desk 2018-03-20 13:59:09

SINGAPORE (S&P Global Ratings) March 20--Trade risks could cast a shadow on strong economic activity in Asia-Pacific in the first quarter of 2018, said S&P Global Ratings in a report publish...

CCCI moves to build SEZ with own fund

Our Correspondent 2018-03-20 10:55:43

With support of all directors and members, Chittagong Chamber of Commerce and Industry (CCCI) has decided to build a special economic zone (SEZ) here with its own fund. The decision was taken at an e...

New garment wage proposals to be ready in six months

FE Report 2018-03-20 09:19:35

The garment sector wage board asked the representatives of owners and workers to submit proposals for the minimum monthly pay for the entry-level workers. The board asked the parties to submit the pr...

Cost climbs as VAT digitisation process lies in limbo

Doulot Akter Mala 2018-03-20 00:25:38

The digitisation process of the value-added tax (VAT) system under the VAT online project (VOP) of the National Board of Revenue (NBR) is in limbo due to the revenue board's foot-dragging in amending...

ADBI seminar on worker survey in BD March 28

FE Online Desk 2018-03-19 13:32:08

A seminar highlighting transitions between different types of formal and informal employment using the retrospective job history of 2,000 workers in two metropolitan areas of Bangladesh will be held i...

Xi's China elects new economic team

-- 2018-03-19 11:27:32

China elevated a key confidante of President Xi Jinping to one of the top positions in government on Monday as Beijing cracks down on riskier financing and a debt to reduce systemic risks to the wor...

Repayment system impedes microcredit expansion: Study

FE Report 2018-03-19 10:46:32

The growth of microcredit in developing countries like Bangladesh has been showing a slower pace in recent times as many borrowers find it difficult to expand their business due to the existing repaym...

Some banks failing in provisioning against ballooning bad loans

Siddique Islam 2018-03-19 09:22:11

Some banks are failing to keep requisite provisions against both classified and unclassified loans as the volumes of such problem credits kept ballooning, sources said. The findings came as the ove...

Government to give cards to all tax payers

-- 2018-03-18 18:38:56

Anybody who has paid tax, irrespective of the amount, will get tax card as an incentive to pay tax properly in the furutre. Finance Minister AMA Muhith said it on Sunday while speaking at a pre-budg...

ADB seeks clearence to invest $120m in power sector

Syful Islam 2018-03-18 10:57:44

The Asian Development Bank (ADB) has sought clearance from the government to invest US$120 million under a private initiative in Bangladesh's power sector that struggles to serve an insatiable demand....

Govt plans four-lane highways to spice up south-western region

FHM Humayan Kabir 2018-03-18 10:25:07

The government has planned to build the country's longest multi-lane highways in south-western region to boost the rural economy, officials said Saturday. Government officials said the state-owned Ro...

Depositors now easy targets of govt, banks

Doulot Akter Mala 2018-03-18 10:06:54

The government is now milking the bank depositors to the maximum possible extent to extract tax revenues, at times, going beyond logic and norms. The depositors are being made to pay tax revenue in a...

Economy gradually recovering, Japan reiterates

-- 2018-03-17 14:15:19

The Japanese government left unchanged its assessment that the economy is gradually recovering, suggesting a recent growth streak is likely to continue as consumers spend more, exports rise and compan...

S&P Global raises issue ratings on SBI instruments

FE Online Desk 2018-03-17 11:23:14

SINGAPORE (S&P Global Ratings) March 17, 2018--S&P Global Ratings Friday said that it raised its issue ratings on the hybrid capital instruments issued by State Bank of Ind...

Lower spending likely to narrow deficit

Jasim Uddin Haroon 2018-03-17 09:28:42

The country's budget deficit likely to remain below the level projected for the current financial year (FY) 2017-18 due to less-than-expected development and revenue spending. The budget deficit in t...

Government rethinks tax rebate on savings tools

Syful Islam 2018-03-17 09:11:54

The government rethinks the continuation of tax rebate facility against investment in savings tools as a section of people are allegedly misusing such opportunity, officials said. The National Board...

BD fulfilled all criteria for LDC graduation, confirms UN

-- 2018-03-16 19:39:18

Bangladesh has met all three criteria to consider for graduation from the least developed country (LDC) to a developing one. State Minister for Foreign Affairs M Shahriar Alam said the UN's Committee...