Search results for: economy

Japan's wage growth to lag inflation over next 12 months: Reuters poll

REUTERS 2022-08-26 10:33:18

Japanese wages are unlikely to grow as much as nationwide consumer prices over the coming year, almost 80 per cent of economists said in a Reuters poll, which would be bad news for an economy that has...

Bangladesh mulls alternative transactions to import commodities from Russia

-- 2022-08-25 20:11:52

Bangladesh has been weighing options to make payments for commodities it seeks to import from Russia after Moscow was banned from using the SWIFT payment system, the most popular international payment...

BB implements Tk 250b loan package for small entrepreneurs 

-- 2022-08-25 18:57:07

The small entrepreneurs in the cluster-based manufacturing industries will get 5-year term loans with flexible conditions from the Tk 250 billion special refinance scheme of Bangladesh Bank.  Th...

BB creates Tk 1.0b refinance scheme for wheat, maize growers

-- 2022-08-25 18:48:27

Bangladesh Bank (BB) has formed a refinancing scheme of Tk 1.0 billion for wheat and maize cultivators in a bid to increase the yield of the food grains and reduce the country's dependency on imports....

Taiwan unveils record defence budget amid tensions with China

-- 2022-08-25 15:23:10

Taiwan has unveiled plans for a record boost in defence spending, weeks after China staged unprecedented military exercises around the democratically governed island. The 13.9 per cent spending incre...

Biden forgives millions of student loans

-- 2022-08-25 13:16:37

President Joe Biden said on Wednesday the US government will forgive $10,000 in student loans for millions of debt-saddled former college students, keeping a pledge he made in the 2020 campaign for th...

India provides $1m to BIMSTEC for operational budget 

-- 2022-08-24 21:47:18

India has provided $1 million to the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Secretariat in Dhaka to increase its operational budget.  Indian Min...

Bangladesh, Malaysia will work for developing digital economy, says Palak 

-- 2022-08-24 21:30:52

State Minister for ICT Division Zunaid Ahmed Palak today said that the governments of Bangladesh and Malaysia will work more intensively together to develop a digital economy, and invest in IT skills...

Revenue collection posts 15pc growth in July 

-- 2022-08-24 21:06:27

The revenue collection by the National Board of Revenue (NBR) witnessed a healthy growth of 15 per cent in the first month (July) of the current fiscal year (FY23) fetching Tk 175.20 billion.  T...

Qatar aims to invest $3.0 billion to support ‘cash-strapped’ Pakistan

-- 2022-08-24 21:04:15

The Qatar Investment Authority aims to invest $3.0 billion in Pakistan, the Qatari ruler's office said on Wednesday, lending support to the South Asian nation's cash-strapped economy. Pakistan is in...

Kuwait raises oil production to meet increasing demand 

-- 2022-08-24 18:21:43

Kuwait has said that it will increase oil production to 2.811 million barrels per day to ensure safe and stable supplies amid rising global demand.  In a statement cited by Kuwait News Agency, D...

Pandemic sets back Asia-Pacific's poverty fight by 2 years: ADB

REUTERS 2022-08-24 13:05:51

The pandemic has set back the fight against poverty in the Asia-Pacific region by at least two years, and many nations will find it harder to escape poverty, the Asian Development Bank (ADB) said on W...

India e-commerce firms ramp up hiring ahead of shopping season

-- 2022-08-24 12:07:32

India's e-commerce companies are adding delivery personnel at a rapid pace, fearing a labour shortage might cause them to lose out in one of the biggest annual shopping seasons that begins in earnest...

ERD requests WB to confirm budgetary-support credit early

FHM HUMAYAN KABIR 2022-08-24 08:20:07

Bangladesh government has requested the World Bank (WB) to confirm a budgetary-support loan worth US$1.0 billion and release the second tranche of a loan, approved earlier, expeditiously to help it na...

Dollar manipulation: BB summons account details of 28 exchanges

-- 2022-08-23 21:44:20

Bangladesh Bank (BB) has summoned bank account details of 28 money exchange houses in connection with illegal dollar trading and money laundering.  The BB officials have inspected 100 exchange h...

Ms Trendy Textiles to invest $39m in DEPZ 

-- 2022-08-23 18:08:11

Bangladeshi company Ms Trendy Textiles Limited is going to establish a knit composite textile industry in Dhaka EPZ.  This fully Bangladeshi owned company will invest US$ 38.99 million where 299...

Austerity may save Tk 350b

SYFUL ISLAM 2022-08-23 08:26:43

Global crisis-driven austerity measures taken during last couple of months may save Bangladesh an estimated Tk 350 billion, thus cushioning the exchequer against the sort of severe financial crises...

UK inflation likely to hit 18pc next year, Citi forecasts 

-- 2022-08-22 21:06:30

British consumer price inflation is set to peak at 18 per cent - nine times the Bank of England's target - in early 2023, an economist at US bank Citi said on Monday, raising his forecast once again i...

PM invites Qatar to invest in Bangladesh’s economic zones

-- 2022-08-22 19:22:48

Prime Minister Sheikh Hasina on Monday urged Qatar’s businesspeople and entrepreneurs to invest in Bangladesh’s Special Economic Zones. She also sought more cooperation from Qatar in impo...

Rule of law important for Bangladesh to attract FDI, says British envoy

FE ONLINE REPORT 2022-08-22 18:49:15

British High Commissioner to Bangladesh, Robert Chatterton Dickson on Monday said, adherence to the rule of law and democracy are important principles to attract foreign investment. “There is s...

ADP implementation: MoRA outperforms all ministries in FY '22

JASIM UDDIN HAROON 2022-08-22 11:08:35

The Ministry of Religious Affairs (MoRA) spent more than its development allocation in the first 10 months of the last fiscal year (FY) ending on June 30 last, outperforming all the ministries. In th...

China cuts lending benchmarks to revive faltering economy

REUTERS 2022-08-22 10:26:01

China cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday, adding to last week's easing measures, as Beijing boosts efforts to revive an economy hobbled by a...

'No respite from intractable inflation'

FE REPORT 2022-08-22 08:37:54

Inflationary pressure would continue hurting people in days ahead, too, finance experts say as they see no sign of an immediate respite from spiralling prices. At a discussion in Dhaka on Sunday they...

‘Bangladesh economy has unease, but no crisis’

-- 2022-08-21 21:10:12

State Minister for Planning  Shamsul Alam has said Bangladesh’s economy has discomfort, but there is no crisis yet.  Denying a section of economists' assumptions, he said the economy...

Iraq's foreign currency reserves to hit $90b by end of 2022

-- 2022-08-21 17:40:00

Iraq's foreign currency reserves are now above $80 billion and are expected to hit $90 billion by the end of the year. Deputy Governor of Iraq’s central bank Ammar Khalaf gave the information o...

Bhutan bans import of most vehicles as forex reserves plummet

-- 2022-08-20 13:45:02

Bhutan will ban the import of all vehicles except utility vehicles, heavy earthmoving machines and agriculture machinery to save dwindling foreign exchange reserves, the government said in a notice se...

Chattogram now 64th busiest seaport in the world

-- 2022-08-19 19:58:24

The Chattogram seaport has become the 64th busiest port among the top 100 container ports across the world, according to Lloyd's List. Lloyd's List, one of the oldest shipping journals in the world,...

Bangladesh eyes more US investment in renewable energy sector

-- 2022-08-19 16:59:20

Dr Tawfiq-e-Elahi Chowdhury, adviser to the prime minister for Power, Energy and Mineral Resources Affairs, urged the US government for more investment through its International Development Finance Co...

Sri Lanka faces mass brain drain amid crisis

-- 2022-08-19 16:42:30

Shamla Yoosoof, an investment researcher from Colombo, left Sri Lanka with her three-year-old son and a jam-packed suitcase, swapping economic chaos at home for a new start in Dubai. She flew out in...

Pakistan names Jameel Ahmad as new central bank governor

-- 2022-08-19 16:06:00

Pakistan named Jameel Ahmad, a deputy governor of the State Bank of Pakistan (SBP), as the central bank's new governor on Friday, appointing him for a five-year term. The Pakistani central bank had b...