Search results for: Economy

ADR process can reduce NPL: Experts

-- 2018-02-28 21:19:46

The Alternative Dispute Regulation (ADR) is essential in the commercial sector, including banks, to settle a large number of pending disputes and reduce a huge amount of Non-Performing Loan (NPL). Ex...

Call to curb inequalities to achieve SDGs

FE Online Report 2018-02-28 20:46:54

Inequalities in the society must be cubed to achieve sustainable development goals (SDGs) and the government should focus more on people’s interest in its FiveYear Plan. The observation came at...

ADB willing to finance second Padma Bridge

-- 2018-02-28 20:35:11

The Asian Development Bank (ADB) is interested in financing a second Padma Bridge as well as other large-scale infrastructure projects if Bangladesh wants. ADB President Takehiko Nakao made the discl...

BB heist: Court seeks probe report on April 1

-- 2018-02-28 19:57:56

A court in Dhaka has asked to submit probe report on April 1 on the case filed over Bangladesh Bank reserve heist. Dhaka Metropolitan Magistrate AKM Moinuddin Siddique fixed the new date as the Crimi...

25 defaulters' loan amount reaches Tk 96.97b

-- 2018-02-28 17:20:48

The amount of top 25 loan defaulter companies had reached to Tk 96.97 billion until September 2017, a Bangladesh Bank report revealed Wednesday. BB submitted the report to the parliamentary standin...

ADB confirms increased financial support to BD

FE Online Desk 2018-02-28 14:46:11

Asian Development Bank (ADB) President Takehiko Nakao today (Wednesday) met with Bangladesh Prime Minister Sheikh Hasina, Finance Minister Abul Maal A. Muhith and other senior officials during a 3-day...

GCF approves $25m to help women cope with climate change

-- 2018-02-28 13:59:09

The Green Climate Fund (GCF) has granted around $25 million to support a project designed to build the adaptive capacities of women and adolescent girls living in the southwestern districts of Banglad...

Brexit vote impact pervades UK economy

-- 2018-02-28 12:29:41

Britain was the weakest Group of Seven economy over the course of 2017 in terms of overall growth, and there are other ways that the vote to leave the European Union has left its mark too. Below are...

Further depreciation of BDT likely if trade deficit widens

Syful Islam 2018-02-28 10:01:54

The ministry of finance (MoF) foresees the necessity of depreciating taka further if Bangladesh's external financial imbalance intensifies in the second half of this fiscal year, officials said. Taka...

Petrobangla to pass on high cost of LNG to consumers

M Azizur Rahman 2018-02-28 09:46:05

State-run Petrobangla would propose to raise natural gas tariff next week, aimed at passing a portion of the imported LNG cost on to the consumers. "We're working on it with a target of submitting th...

Eurozone economic sentiment drops again

-- 2018-02-27 21:00:10

The Eurozone economic sentiment slipped again in February, for the second month in a row, as confidence sapped from every sector except services, the European Commission said on Tuesday. European C...

Formulation of LPG price policy underway: Nasrul

-- 2018-02-27 20:40:55

Formulation of liquid petroleum gas (LPG) price policy is underway keeping the interests of both importers and users. State Minister for Power, Energy and Mineral Resources Nasrul Hamid made the reve...

Nigerian economy returns to growth

-- 2018-02-27 20:38:15

Nigerian economy returned to growth in 2017 after suffering its first recession in a generation the previous year, data released from the country’s statistics office showed on Tuesday. The Gros...

Speakers emphasise on importance of Electronic Payments

FE Online Desk 2018-02-27 19:49:44

Speakers at a seminar have discussed the present status of the e-commerce industry in Bangladesh and stressed on the importance of Electronic Payments to flourish the industry. They also discussed th...

Unemployed youths getting training, financial support: Biren

FE Online Report 2018-02-27 18:24:20

Unemployed youths are getting training and financial supports as government aims to make Bangladesh a middle income country by 2021. After getting training on various topics, youths can get loan up t...

Govt steps in to build barbed-wire fence along borders

FE Online Report 2018-02-27 17:48:24

The government has taken a move to construct barbed-wire fence along bordering areas to secure Border Outposts (BoPs) and frontiers with neighbouring India and Myanmar. The Executive Committee of the...

15-day deadline for Indian state banks to fix gaps

Reuters 2018-02-27 14:27:42

India’s finance ministry on Tuesday set a 15-day deadline for state banks to take pre-emptive action against operational and technical risks, following a $2 billon fraud at the country’s s...

Bangladesh's banking sector placed In BICRA Group '8'

FE Online Desk 2018-02-27 12:22:23

SINGAPORE (S&P Global Ratings) Feb. 27--S&P Global Ratings placed Bangladesh in group '8' under its Banking Industry Country Risk Assessment (BICRA) in a report, titled "Banking Industry C...

AIIB to give $60m for 220-MW plant in Bhola

FE Report 2018-02-27 10:44:12

China-backed Asian Infrastructure Investment Bank (AIIB) is set to provide US$ 60 million for constructing a 220-megawatt (MW) combined cycle power plant in the southern district of Bhola. The board...

Global economy showing signs of strong growth: IMF

-- 2018-02-27 10:19:05

International Monetary Fund Managing Director Christine Lagarde said on Tuesday the global economy was showing broad-based growth, but the landscape was shifting with heightened risks of trade dispute...

Growth of currency outside banks triggers concern

Siddique Islam 2018-02-27 09:13:28

The volume of currency outside the banking system has grown significantly in recent months ahead of the national elections, raising suspicion about the use of such money. The currency outside the b...

Seven banks facing capital crisis of Tk 94.14b

-- 2018-02-26 21:55:08

There is a total deficit of Tk 94.14 billion in seven banks, four government and three private, in the country. Finance Minister AMA Muhith said it at the parliament on Monday while responding to a s...

World Bank praises China’s reform

-- 2018-02-26 21:41:00

World Bank has praised Chinese reform in a report subtitled ‘Towards a More Inclusive and Sustainable Development,’ highlighting the country’s rapid economic growth. The second larg...

S Korea's export volume growth rises

-- 2018-02-26 20:43:11

The export volume growth of South Korea hits four months high in January on the strong demand for semiconductors, central bank data showed Monday. According to the Bank of Korea (BOK), the East As...

S'pore manufacturing output up 17.9pc in Jan

-- 2018-02-26 20:24:48

The manufacturing output of Singapore grew 17.9 per cent year on year in January, compared to a 3.9 percent decline last December, the Economic Development Board said on Monday. The output grew 21....

Food price marks rise in FY18, admits Muhith

-- 2018-02-26 19:41:43

Food prices marked a rise in the first quarter of current fiscal FY18, admitted Finance Minister AMA Muhith on Monday. He made the statement while placing the report on budget implementation progress...

Pro-poor rice sale scheme will not hurt reserves: Minister

-- 2018-02-26 14:25:02

Food Minister Md Qamrul Islam claims the Tk 10-per-kg-rice welfare programme will not cut into Bangladesh’s food reserves. Despite last year’s poor harvest due to natural disasters, this...

China sees home prices rise in January

-- 2018-02-26 10:38:03

China’s new home prices grew in January although major cities saw early signs of softening, as the government continued its efforts to rein in speculative demand to fend off bubble risk. The ac...

RAJUK submits proposal for land development, shifting of utilities

FHM Humayan Kabir 2018-02-26 10:01:56

Rajdhani Unnayan Kartripakkha (RAJUK) has a sent a project proposal to the Planning Commission for developing land and shifting facilities of utility services to pave the way for construction of Aramb...

Call for forming 'Banking Enquiry Commission' forthwith

FE Report 2018-02-26 09:48:00

The government should move to form a 'Banking Enquiry Commission' immediately to address the problems and irregularities that are 'eating away' at Bangladesh's financial sector, says an expert. "Th...