Search results for: Economy

BB issues Bitcoin cautionary notice

SM Najmus Sakib 2017-12-27 12:00:00

The central bank has issued a cautionary notification over the transactions of virtual currencies like Bitcoin in the country. Saying that there is no legal framework of the crypto currencies like Bi...

Sri Lanka cbank to keep policy rates steady

-- 2017-12-27 12:00:00

Sri Lanka’s central bank is expected to keep its key interest rates unchanged this week to support the country’s economic growth. Economists predicted the central bank would keep its stan...

Commissioning of first eco-friendly BD thermal plant units in 2019

FE Online Desk 2017-12-27 12:00:00

A Chinese consortium has started the construction of Bangladesh's first eco-friendly thermal power plant with ultra modern clean coal technology. The plant is being constructed near se...

S Korea expects economic recovery to continue

-- 2017-12-27 12:00:00

South Korea’s government said on Wednesday it expects the economic recovery to continue in 2018 amid the slower economic growth. The government projected economic growth of about 3.0 per cent i...

Govt plans survey on agriculture

-- 2017-12-27 12:00:00

The government will conduct a survey on agriculture and rural statistics aiming to determine the household based socio-economic conditions of the country’s rural areas and collect information on...

NBR asks offices to ensure representation of tax lawyers

-- 2017-12-27 10:53:16

The government's revenue authority has instructed its tax offices to ensure representation of the tax lawyers in dealing with tax files following their allegations against involvement of supporting st...

Move to import 1.4m tonnes crude oil

-- 2017-12-27 10:28:32

Bangladesh will import 1.4 million tonnes of crude oil from Saudi Arabia and Abu Dhabi for the current fiscal year (2017-18) to meet the domestic requirement. Cabinet Committee on Public Purchase on...

Favourable dollar-taka exchange rate saves apparel exports

FE Online Desk 2017-12-27 04:26:24

Bangladesh’s exported garment items in the first 11 months of 2017 amounted to  USD 26.40 billion, up 1.38 per cent year-on-year, according to data from the Export Promotion Bureau (EPB)....

S’pore Nov factory output rise bellow forecast

-- 2017-12-26 12:47:08

The industrial production of Singapore in November rose less than expected from a year earlier, underscoring expectations for a moderation in the city-state’s economic growth in the fourth quart...

Negotiations on with foreign firms for fuel import

M Azizur Rahman 2017-12-26 12:00:00

Government's petroleum agency began negotiations with term suppliers of petroleum to import around 1.30 million tonnes of diesel, jet fuel, furnace oil and octane for the first half of next year. Off...

Japan consumer inflation ticks up

-- 2017-12-26 12:00:00

Japan’s consumer inflation ticked up in November, while the jobless rate hit a fresh 24-year low, and the households spent more than expected. The increase in prices was due mostly to a boost f...

India to become fifth-largest economy in 2018: Report

-- 2017-12-26 12:00:00

India is set to become world's fifth largest economy in dollar terms by 2018, according to a report. A Centre for Economics and Business Research (CEBR) report has  predicted Indian economy will...

Banks’ excess liquidity shrinks as cheaper credits fare well

Siddique Islam 2017-12-26 11:18:48

The overall excess liquidity with the commercial banks fell substantially in November this year mainly due to higher credit growth, particularly in the private sector. Officials said the central bank...

BEZA aims to ease unemployment by establishing tourism-parks   

-- 2017-12-26 10:08:06

Bangladesh Economic Zones Authority (BEZA) is setting up three tourism parks at Cox's Bazar district aiming to create 200,000 employment opportunities. BEZA Executive Chairman Paban Chowdhury said i...

Overseas workers to get insurance services soon: Minister

-- 2017-12-26 07:48:46

Overseas workers are going to get insurance services soon to remain safe from unexpected risks at home and abroad. Revealing the information, Expatriates' welfare and overseas employment minister Nur...

ECNEC approves sixteen development projects

-- 2017-12-26 04:44:55

The government Tuesday approved sixteen development projects at a combine cost of Tk 159.69 billion. The Executive Committee of the National Economic Council (ECNEC) approved the projects at its me...

S Korea exports likely to rise in Dec

-- 2017-12-26 01:03:03

South Korea exports likely rose for a 14th straight month in December, wrapping up the year with an upbeat tone as global demand for memory chips and petroleum goods continued. In a poll, 10 economis...

Involvement of Indian firms in JVs creates complexities

Munima Sultana 2017-12-25 12:00:00

Involvement of Indian firms has made the selection of contractors for repair and maintenance of RHD roads in the current dry season difficult, sources said. They said the absence of a clear guidance...

China's 2018 industrial output to grow roughly 6.0pc

Reuters 2017-12-25 12:00:00

China’s industrial output is likely to grow around 6 per cent next year, the country’s industry ministry said on Monday. The nation’s industrial output is also expected to rise abou...

Land acquisition delays Ctg Bay Terminal construction

Pankaj Dastider 2017-12-25 10:25:50

The construction of Bay Container Terminal (BCT) of Chittagong Port Authority (CPA) is getting delayed due to slow pace in the project's land acquisition process following filing of cases by the parti...

BSCIC creates 12,572 jobs in Rajshahi

-- 2017-12-25 03:53:52

Bangladesh Small and Cottage Industries Corporation (BSCIC) has created employment scopes of more than 12,572 people in various trades in Rajshahi. The industrial estate created jobs in various field...

Chad appoints new finance minister

-- 2017-12-25 01:27:53

Chad’s President Idriss Deby has appointed Abdoulaye Sabre Fadoul as minister of finance and also named new economy, foreign affairs, security and justice ministers, a presidential decree showed...

Immediate reforms imperative to discipline banking system

FE Report 2017-12-24 12:00:00

Alarm bells rang louder Saturday from economists' meet for immediate reform to restore discipline in Bangladesh's banking system, seen largely ridden with irregularities. Financial-market analysts ma...

Beijing property market holds steady

-- 2017-12-24 12:00:00

Property market in Beijing held steady in November with second-hand home prices edging for seven consecutive months, according to a government report. The statement was included in a report on the ec...

Bad loan, high inflation inflate interest rates

FE Report 2017-12-24 09:40:59

Bad loans and high inflation jacked up bank-interest rates persistently until recently, thus inflating cost of credit and deflating investment and economic growth. A researcher placed such findings i...

'Get tough dealing with bad banks'

FE Report 2017-12-23 12:00:00

The central bank should take stricter stance while dealing with ongoing controversies over some "non-performing" commercial banks, a former Bangladesh Bank governor suggests. In the wake of such deve...

Unpaid care work reins in women’s economic empowerment: Study

-- 2017-12-23 12:00:00

Women’s lengthy involvement in unpaid care work compared to that of men gets in the way of their economic empowerment, a study has found.  Women in Bangladesh engage in 6.3 hours of 'unpai...

Russian bank says hackers targeted its SWIFT computers

-- 2017-12-23 11:05:32

Hackers tried to steal 55 million roubles ($940,000) from Russian state bank Globex using the SWIFT international payments messaging system, the bank said on Thursday, the latest in a string of attemp...

Move to build 9,000 MW power hub at Payra

-- 2017-12-23 08:36:12

The government plans to create a hub for generating 9,000 megawatts of electricity at Payra area of Patuakhali to uplift the southwestern region. State Minister for Power and Energy Nasrul Hamid disc...

Maize production reduces poverty in Rangpur

-- 2017-12-23 04:01:55

Maize cultivation is increasing every year in all five districts under Rangpur agriculture region, as the char people are earning huge profits to cut poverty and lead better life. The Department of A...