Search results for: Economy

BPC suffers Tk 5.0b loss in last three months

M Azizur Rahman 2018-02-07 10:51:48

Bangladesh Petroleum Corporation (BPC) has incurred a loss of over Tk 5.0 billion in fuel oil trading over the past three months to January as the price of the petroleum products in the international...

Foreign-aid budget to see cuts for slow project execution

FHM Humayan Kabir 2018-02-07 09:42:22

The government cuts foreign-aid component of Bangladesh development budget by 9.0 per cent or Tk 49.50 billion for project-implementation backlog, officials said. They said Tuesday the upcoming rev...

Global LNG gathering begins Feb 28 in Singapore

FE Online Desk 2018-02-06 13:22:35

SINGAPORE - Media OutReach - 6 February 2018 - More than 200 LNG experts from 25 countries are expected to convene at the two-day long 13th LNG Supplies for Asian Markets Conference (LNGA) at ONE...

Powell takes the reins at US Federal Reserve

-- 2018-02-06 12:17:14

Jerome Powell took the oath of office as Chairman of the US Federal Reserve, succeeding Janet Yellen. "Today, unemployment is low, the economy is growing, and inflation is low. Through our decisions...

Joydevpur-Elenga road project likely to get another revision

FHM Humayan Kabir 2018-02-06 10:22:03

A four-lane road construction project from Joydevpur to Elenga is likely to be revised both in terms of cost and implementation period due to its changed design with new components and widened scope o...

Ramshackle road repairs need Tk 211b in five yrs

Munima Sultana 2018-02-06 00:00:00

Needs assessment by a government agency figures out a demand for Tk 211.48 billion to mend and maintain ramshackle roads over next five years. Officials said a survey sponsored by the Roads and Hig...

South Korea’s tech boom to spur on growth, DHL trade data suggests

FE Online Desk 2018-02-06 00:00:00

SEOUL- 6 February, 2018 - South Korea's high-tech industry -- a powerhouse of both innovation and export production -- will add fire to the country's trade growth in the coming quarter, according to a...

BD among top five fastest growing LDCs in 2017: UNCTAD

-- 2018-02-06 00:00:00

A United Nations conference has revealed that out of 45 Least Developed Countries (LDC) only five, including Bangladesh have achieved economic growth at 7.0 per cent or higher in 2017. The four other...

China expects inflation to moderate

-- 2018-02-05 14:16:31

China is expected to report solid growth in January trade this week, moderating inflation and resurgent bank lending, but the timing of the long Lunar New Year holidays will make it difficult to deter...

Govt to build 163MW power plant in Mirsarai

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

The government plans to build a 163 megawatt (MW) dedicated power plant at Mirsarai Economic Zone (MEZ) to supply electricity to industries and factories to be located there. BR Powergen Ltd, a joint...

Govt suspends auctions of T-bills, bonds for February

Siddique Islam 2018-02-05 00:00:00

The government has suspended auctions of both treasury bills (T-bills) and bonds for the month of February to ensure proper cash management, officials said. Bangladesh Bank (BB) has already communica...

EU threatens to hit back US on trade

-- 2018-02-04 22:02:13

One of European Union’s (EU) senior officials is warning that the 28-nation bloc will hit back if US President Donald Trump takes trade measures against it. Budget commissioner of EU Guenther O...

Labour welfare conference begins

-- 2018-02-04 20:03:21

The five-day Labour Welfare Conference 2018 started at CIRDAP auditorium  in Dhaka on Sunday. Expatriates' Welfare and Overseas Employment Minister Nurul Islam BSc inaugurated the event, schedul...

High taxes throttle ocean-going vessel industry's growth

Syful Islam 2018-02-04 00:00:00

High tax incidence and lack of incentives hinder business expansion of national flag-carrier vessels with a resultant loss of Bangladesh's market share to foreign shippers in international trade, busi...

PT MNC Investama Tbk. downgraded to 'CCC-'

FE Online Desk 2018-02-04 00:00:00

SINGAPORE (S&P Global Ratings) Feb. 2, 2018--S&P Global Ratings today lowered its long-term corporate credit rating on PT MNC Investama Tbk. to 'CCC-' from 'CCC'. "In addition, we lowered o...

NBR, BB sign MoU to prevent exodus of money   

FF Online Report 2018-02-04 00:00:00

The National Board of Revenue (NBR) is set to share information and extent international cooperation with a unit of the central bank to check money laundering from the country. To this end, NBR and B...

Govt keen on ITFC credits as ADB looks noncommittal

Syful Islam 2018-02-03 10:23:07

A government body eagerly looks to the International Islamic Trade Finance Corporation (ITFC) as main source for financing huge investment needs in the emerging LNG sector, officials said. It found t...

Boost private investment to create more jobs: BB

Siddique Islam 2018-02-03 00:00:00

Bangladesh must increase the stymied private investment to boost economic growth and help generate enough jobs for its burgeoning workforce, the central bank recommends. "To reach the next phase of g...

Myanmar to hold multi-stake holder forum

-- 2018-02-03 00:00:00

The Myanmar Rice Federation (MRF) will hold a multi-stake holder forum for sustainable development of rice industry this month, the official Global New Light of Myanmar reported Saturday. Under the...

Muhith sees lots of weaknesses in banking sector

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

Finance Minister AMA Muhith has said that there remain a lot of weaknesses in the country’s banking sector. He had soul-searching over the persisting problems in the sector on Saturday when h...

Fed's Williams sees three or four rate hikes this year

-- 2018-02-03 00:00:00

A pickup in wage growth and inflation are signs of a healthy economy and at this point are not enough to force the US Federal Reserve to raise rates much more this year than the three times it has bee...

NBR listing wealthy people

-- 2018-02-03 00:00:00

National Board of Revenue (NBR) is preparing a list of the 'apparently' rich people, who pay comparatively less taxes, with the aim to collect some more money for the national exchequer. The NBR has...

BD’s budget 'more transparent' than India’s

-- 2018-02-02 11:00:00

India's budget is considered "less transparent" as it provides limited information in the public domain, Transparency International India (TII) said, adding the lack of transparency would lead to seve...

Factories worldwide start 2018 on solid footing

-- 2018-02-02 09:57:22

Factories across the globe got off to a strong start this year, with manufacturing activity in most countries gaining momentum and hitting multi-year highs. Business surveys from Europe and Asia show...

BB set to allow banks to expand OBUs in EZs, hi-tech parks

Siddique Islam 2018-02-02 00:00:00

The central bank is set to allow banks to expand operations of their offshore banking units (OBUs) to facilitate implementation of the economic zones (EZs) and hi-tech parks with availability of forei...

WB lends $300m to upgrade cash transfer

-- 2018-02-01 00:00:00

The World Bank (WB) has approved a $300 million fund to improve the transparency and efficiency of major cash transfer programmes in Bangladesh. The project aims to benefit about five million of...

Taiwan gets new central bank governor after 20 years

-- 2018-02-01 00:00:00

Taiwan’s government has appointed Yang Chin-long, deputy governor of the island’s central bank, as its next governor, a government official said on Thursday. Yang will replace Perng Fai-n...

US Fed keeps rates unchanged

-- 2018-02-01 00:00:00

The US Federal Reserve kept interest rates unchanged on Wednesday but said inflation likely would rise this year, bolstering expectations borrowing costs will continue to climb under incoming central...

EC warns BD again of improving labour situation before GSP goes

Monira Munni 2018-02-01 00:00:00

The European Commission has reiterated its concern over the labour rights situation mainly in respect of freedom of association and successful implementation of the 'Compact' in the readymade garment...

Japan factory output jumps in Dec

-- 2018-01-31 15:23:22

Japan’s industrial output grew in December at the fastest pace in eight months, in a sign that its humming factories have likely driven economic expansion for an eighth consecutive quarter. T...