Search results for: Economy

S Korea external debt hits record high

-- 2017-11-23 12:59:38

South Korea’s ratio of short-term external debt to foreign exchange reserves touched a record 31.1 per cent by end-September from 30.8 per cent three months ago, data showed on Thursday. Short-...

Land ports earn Tk 1.11b in FY17

-- 2017-11-23 12:00:00

The country's land ports have earned a total revenue of Tk 1.11 billion in fiscal 2016-17, while the expenditure in the same period was Tk 534.4 million. This was disclosed at the 48th meeting of th...

Industries outside EZs unlikely to get new gas line from next year

M Azizur Rahman 2017-11-23 09:44:25

New industries outside the country's economic zones (EZs) would hardly get piped natural gas connections from next year as the authorities have already started discouraging it. Officials said the mov...

Fed likely to raise interest rates in Dec

-- 2017-11-23 03:50:59

US Federal Reserve officials are unlikely to raise interest rates in December, although the officials still divided over inflation outlook, Fed officials said after the latest monetary policy meeting....

Default loans leap over Tk 800b mark

FE Report 2017-11-22 12:00:00

Non-performing loans (NPLs) in Bangladesh's banking sector surged over Tk 800-billion mark for the first time at the end of September last. According to the latest statistics from the central bank, t...

BD needs 20pc more new power connections annually: UNCTAD

FE Online Report 2017-11-22 12:00:00

Bangladesh requires some 20-30 per cent more new electricity connections every year to achieve the universal access to electricity by the year 2030. The projection has been made in the Least Develope...

Cabinet body okays 100,000mt rice import

-- 2017-11-22 12:00:00

Cabinet Committee on Public Purchase has approved import of 100,000 metric tons of non-Bashmoti parboil rice from open market. As per the proposal of the Food Ministry, the Food Directorate will...

Minister wants blue economy’s 5pc contribution to GDP

-- 2017-11-22 10:24:24

Planning Minister AHM Mustafa Kamal on Wednesday underscored the need for ensuring five per cent contribution of the blue economy to the GDP to attain the Sustainable Development Goals (SDGs). "Using...

‘NBR to reveal key upshot on ML probe in due time’

FE Report 2017-11-22 09:38:20

The National Board of Revenue (NBR) has made significant progress in its investigation into money laundering (ML), which will be disclosed in time, said NBR Chairman Md Nojibur Rahman on Tuesday. R...

LDCs need minimum $12b yearly for electricity access: CPD

-- 2017-11-22 09:30:46

The Centre for Policy Dialogue (CPD) has said the Least Development Countries (LDCs) need to invest at least $12 billion to gain universal access to electricity by 2030. "To achieve universal access...

Brazil economy likely to grow 3pc in 2018

-- 2017-11-22 01:19:09

The Brazilian economy is likely to grow more than 3.0 percent in 2018, perhaps even near 4.0 per cent, the head of Brazilian state development bank BNDES, Paulo Rabello de Castro, said. This suggests...

Agro processors to showcase products, services

FE Report 2017-11-22 01:10:05

A three-day international food expo begins in the capital tomorrow (Thursday) aiming to create an avenue for greater interaction among the local and international food processing players. Some 250...

Mobile-based financial transactions mark fall

Mehdi Musharraf Bhuiyan 2017-11-21 12:31:58

Fast-growing mobile-based financial transactions took a knock, dropping around 5.04 per cent, quarter on quarter, during the third quartile of this year. Sources concerned, however, attributed the do...

Eateries, shops largely evade ECR use

Doulot Akter Mala 2017-11-21 12:00:00

Many fast-food shops, bakeries, restaurants and retail outlets in Dhaka avoid issuing electronic cash register (ECR)-generated pay-slips to evade VAT payment, as monitors look on, sources said. Lack...

Pakistan's proposed sukuk assigned 'B' preliminary rating

FE Online Desk 2017-11-21 12:00:00

SINGAPORE (S&P Global Ratings) Nov. 21, 2017--S&P Global Ratings today assigned its preliminary 'B' long-term foreign currency rating to the planned U.S. dollar-denominated sukuk (trust cert...

Singapore’s core inflation likely rise 1.5pc

-- 2017-11-21 11:09:56

The Monetary Authority of Singapore’s (MAS) core inflation measure in October likely rose 1.5 per cent from a year earlier, unchanged from September, a Reuters poll showed. “The MAS core...

Project overruns time sans even spadework

FHM Humayan Kabir 2017-11-21 10:25:27

The power board has yet to start even spadework for converting the Shahjibazar 75-megawatt (mw) power plant to a 105MW one although nearly five years have elapsed since the project was undertaken. O...

Youth unemployment decreases globally, but quality jobs jolt: ILO

-- 2017-11-21 07:42:57

There is a persisting overall trend of insufficient good jobs for young people seeking work, who are estimated to account for over 35 per cent of the unemployed worldwide in 2017, the International La...

$100m deal to accelerate Moheskhali FSRT

-- 2017-11-21 07:38:40

A USD 100 million turnkey deal has been signed for the Floating LNG Storage and Regasification Terminal (FSRT) in Moheskhali of Cox's Bazar. Summit LNG Terminal signed a turnkey contract recently wit...

Thrust on developing tech-driven economy

FE Online Desk 2017-11-20 12:27:33

Google Developer DevFest Bangladesh 2017 presented by Google Developer Group Dhaka and powered by Whiteboard, in association with Preneur Lab, took place recently at GP House, said a statement. S...

Reliance's proposed U.S. dollar senior unsecured notes assigned 'BBB+' Rating

FE Online Desk 2017-11-20 12:00:00

SINGAPORE (S&P Global Ratings) Nov. 20, 2017--S&P Global Ratings today assigned its 'BBB+' long-term issue rating to the proposed U.S.-dollar-denominated senior unsecured notes due 2027 by...

Majority BD consumers prefer newer digital payment systems

FE Report 2017-11-20 10:12:11

Around 65 per cent of Bangladeshi consumers favour adopting newer modes of digital payment amid growing liking for e-business, a study by global payment-technology-giant Visa reveals. The ease of tra...

Govt to fix sector-wise productivity level: Secretary

-- 2017-11-20 10:09:42

The government plans to fix the level of productivity based on different sectors and subsectors of the national economy. Industries Secretary Muhammad Abdullah came up with the statement at the natio...

Banana farming gives solvency to Manikganj farmers

-- 2017-11-20 04:59:31

Farmers of three upazilas in Manikganj district have gained solvency by cultivating banana in their sandy land which previously remained uncultivated for long time. Most of those lands are situated i...

Japan export growth steady in Oct

-- 2017-11-20 02:04:45

Japan’s export growth held steady in October, while the trade surplus dropped from a year ago, as growth in exports were eclipsed by higher costs of importing crude oil and petroleum products....

PT Bank Rakyat Indonesia outlook revised

FE Online Desk 2017-11-20 01:55:31

SINGAPORE (S&P Global Ratings) Nov. 17, 2017--S&P Global Ratings today revised its outlook on PT Bank Rakyat Indonesia (Persero) Tbk. (BRI) to positive from stable. At the same time, we affi...

Floating solar plant on Kaptai Lake likely

-- 2017-11-19 12:00:00

Kaptai Lake and canal of Teesta Water Barrage are likely to house floating solar power plant as part of countrywide installation of such projects, officials said. If the Kaptai floating solar power p...

NBR holds key to probe Paradise Papers scandal

-- 2017-11-19 12:00:00

Recent release of the Paradise Papers brings the number of Bangladeshi 'Officers' named in the ICIJ's database of offshore leaks, that commenced with the Panama Papers in 2016, to over 60. Yet is the...

ADB to give $260m for infrastructure dev

-- 2017-11-19 11:00:24

The Asian Development Bank (ADB) has signed agreements for $260 million in loans to help sustain and increase infrastructure investments in Bangladesh as well as renewable energy interventions. Econo...

Metro-rail project stands to suffer for mass deputations

Munima Sultana 2017-11-18 12:00:00

A faulty recruitment plan mainly focused on deputations for metro-rail projects is likely to hinder the ongoing process of developing three mass rapid-transit (MRT) lines in the city, sources said. T...