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Search results for: Economy

Widening 15km road costs Tk 2.26 billion!

Widening 15km road costs Tk 2.26 billion!

FHM Humayan Kabir 2017-11-18 12:00:00

A 15.5-kilometre regional highway is going to be widened at a cost of Tk 2.26 billion which some insiders even consider inflated. It will require Tk 145.8 million for widening a one-kilometre patch o...

Global banks flag concerns over US Senate tax proposal

Global banks flag concerns over US Senate tax proposal

Reuters 2017-11-18 12:00:00

Global banks raised concerns on Friday over a provision in the US Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could hurt the banking industry....

Rohingya crisis may hurt investment in Myanmar: IMF

Rohingya crisis may hurt investment in Myanmar: IMF

-- 2017-11-18 12:00:00

The International Monetary Fund on Friday said the Rohingya refugee crisis may dampen investment in Myanmar as the country faces international pressure over its treatment of the Muslim minority. Howe...

ADB to lend $260m for infrastructural investments

ADB to lend $260m for infrastructural investments

-- 2017-11-18 12:00:00

Bangladesh is set to sign a US$260 million agreement with the Asian Development Bank (ADB) on Sunday (tomorrow) for infrastructural investments, especially for public-private partnership (PPP) project...

US tax cuts not likely this year: Economists

US tax cuts not likely this year: Economists

-- 2017-11-18 10:55:58

US Republicans are not expected to push major tax cuts through Congress this year, according to a majority of economists in a Reuters poll. The optimism about a tax overhaul has helped push the US st...

Cattle rearing improves char people’s economic condition

Cattle rearing improves char people’s economic condition

-- 2017-11-18 05:55:26

Thousands of extremely poor people living in rural area, especially char areas of seven upazilas of Manikganj district have successfully overcome abject poverty through cattle head rearing. The domes...

S'pore suspends all trade with N Korea

S'pore suspends all trade with N Korea

-- 2017-11-17 12:00:00

Singapore has suspended trade relations with North Korea to cut commercial ties under toughening UN sanctions over its weapons programme. The move comes about two months after the United States imp...

SMEs to get $240m as loans

SMEs to get $240m as loans

-- 2017-11-17 12:00:00

Bangladesh Bank (BB) has created a US$240 million refinancing fund for providing loans to small and medium enterprises (SMEs) at low interest. "Asian Development Bank (ADB) will contribute $200 milli...

Singapore exports rise in Oct

Singapore exports rise in Oct

-- 2017-11-17 11:25:53

Singapore’s exports rose the most in 2-1/2 years in October, well over double expectations as surging sales to China helped more than recoup a decline the month. The affluent city state has ben...

NBR starts ‘tracking’ taxpayers’ money to ensure its proper use

NBR starts ‘tracking’ taxpayers’ money to ensure its proper use

FE Report 2017-11-17 10:40:45

The National Board of Revenue (NBR) has started 'tracking' the taxpayers' money to find out the process of its expenditure, said NBR chairman Md Nojibur Rahman on Thursday. The board is communicating...

NBR considering alternatives to boost revenue collection

NBR considering alternatives to boost revenue collection

-- 2017-11-17 08:19:14

National Board of Revenue (NBR) is putting emphasis on disposing of long-pending cases through Alternative Dispute Resolution (ADR) method to boost the revenue collection. The country's revenue colle...

China economy grows with ‘energy efficiency’

China economy grows with ‘energy efficiency’

-- 2017-11-17 03:12:51

China has managed to grow economy and improve energy efficiency at the same time, the country’s special representative on climate change affairs Xie Zhenhua said. He said the economic growth,...

US House approves tax bill

US House approves tax bill

Reuters 2017-11-17 01:45:55

Congressional Republicans took important steps on Thursday toward the biggest US tax-code overhaul since the 1980s, with the House of Representatives approving a broad package of tax cuts, and a Senat...

UK economic growth to lag peers

UK economic growth to lag peers

-- 2017-11-17 01:14:52

British economic growth will remain tepid over the coming few years, lagging well behind its peers, and could even be worse than economists polled by Reuters currently predict. Rather than sinking...

Leather tech  fair opens

Leather tech fair opens

FE Report 2017-11-17 01:12:13

A three-day exposition on leather, leather goods and footwear sector titled 'LEATHERTECH Bangladesh 2017' began in the city on Thursday aiming to bring global technologies to the doorstep of the loc...

Big nations losing faith  in S Asia regional entity

Big nations losing faith in S Asia regional entity

Asjadul Kibria from Kathmandu 2017-11-17 01:08:53

Eminent economist Prof Rehman Sobhan observed on Thursday that larger members of the South Asia are losing faith in the regional entity and looking for alternative groupings. "The very idea of a So...

BD to be leading actor in global  footwear market, say experts

BD to be leading actor in global footwear market, say experts

FE Report 2017-11-16 12:47:38

Commerce Minister Tofail Ahmed, flanked by other dignitaries, poses for a photograph during the inauguration of the 36th International Footwear Conference (IFC) 2017 of the Confederation of Internatio...

Philippine economy grows 6.9pc in Q3

Philippine economy grows 6.9pc in Q3

-- 2017-11-16 12:35:40

The Philippine economy grew at a faster than expected 6.9 per cent annual pace in the third quarter, helped by increased public spending on pay hikes for government personnel, officials said Thursday....

Lenders oppose WB move to make movables into surety

Lenders oppose WB move to make movables into surety

Jasim Uddin Haroon 2017-11-16 12:00:00

A World Bank move to make intangible movables such as 'accounts receivables', 'intellectual property', 'derivatives products' into collateral against credits faced opposition from lenders in Banglades...

Uncertainty still hovers over Padma rail link

Uncertainty still hovers over Padma rail link

Munima Sultana 2017-11-16 12:00:00

Financing Padma rail link, part of a dream project on communications infrastructure, still looks uncertain as the designated Chinese bank delayed signing loan agreement, sources said. They said Bangl...

Record 4.96m tonnes of vegetables produced in FY17: BBS

Record 4.96m tonnes of vegetables produced in FY17: BBS

-- 2017-11-16 09:13:44

Country has witnessed a record production of over 4.96 million tonnes of vegetables in the last fiscal year (FY17), up by 300,000 tonnes from previous fiscal year (FY16), according to Bangladesh Burea...

Amu for SME research centre among D-8

Amu for SME research centre among D-8

-- 2017-11-16 07:11:54

A research centre on small and medium enterprises (SME) is essential to further develop the sector among the D-8 member countries. Industries Minister Amir Hossain Amu opined this on Thursday while s...

Food production drops by 943,000 tonnes: BBS

Food production drops by 943,000 tonnes: BBS

-- 2017-11-16 05:31:39

Untimely floods in Bangladesh have caused food production to drop by 943,000 tonnes in fiscal 2016-17, says the government. The figures by Bangladesh Bureau of Statistics were revealed at a media bri...

China's outbound investment falls in Jan-Oct

China's outbound investment falls in Jan-Oct

-- 2017-11-16 02:09:17

China’s non-financial outbound direct investment from January to October fell 40.9 per cent year-on-year to $86.31 billion, the Ministry of Commerce said on Thursday. Outbound investment in Oct...

French jobless rate rises to 9.7pc

French jobless rate rises to 9.7pc

-- 2017-11-16 01:58:20

France’s unemployment rate rose to 9.7 per cent in the third quarter, from 9.5 per cent in the previous quarter, data published by the INSEE national statistics office on Thursday. Although une...

BGMEA requests govt to form wage board for RMG workers

BGMEA requests govt to form wage board for RMG workers

Monira Munni 2017-11-15 12:00:00

A move has been initiated to raise the minimum monthly wages of the workers of the country's ready-made garment sector in line with a provision of the labour law. This, industry insiders say, would...

Trade cost cut lies at core of regional integration

Trade cost cut lies at core of regional integration

Asjadul Kibria 2017-11-15 12:00:00

It is cheaper for Sri Lanka to trade with Brazil than Nepal which is geographically much more closer. High trade cost due to lack of better connectivity bars Sri Lanka and Nepal from expanding their b...

Bangladesh further down in wealth distribution report

Bangladesh further down in wealth distribution report

-- 2017-11-15 12:00:00

The citizens of Bangladesh with some other low-income countries in Asia have slid further down the wealth distribution pyramid, reveals a study. According to the latest Credit Suisse Global Wealth Re...

July-Oct witnesses only 14.51pc ADP implementation

July-Oct witnesses only 14.51pc ADP implementation

-- 2017-11-15 08:38:40

The implementation rate of the Annual Development programme (ADP) during the July-October period of the current fiscal year (FY18) reached 14.51 per cent with an expenditure of Tk 238.15 billion. The...

15 mills produce 60,000 tonnes sugar: Amu

15 mills produce 60,000 tonnes sugar: Amu

-- 2017-11-15 05:42:36

The country has produced nearly 60,000 tonnes of sugar in the last fiscal 2016-2017, said Industries Minister Amir Hossain Amu. "The 15 sugar mills across the country produced 59,984.55 tonnes sugar...