Loading...
The Financial Express

Search results for: EC

ESCAP sees BD's positive trade growth in 2019

ESCAP sees BD's positive trade growth in 2019

FE REPORT 2019-12-19 10:50:46

Despite sluggish merchandise exports from Bangladesh in the outgoing year 2019, a United Nations (UN) body forecasts positive annual export growth for the country. The UN Economic and Social Commissi...

'Single digit lending rate for manufacturing sector from January 1'

'Single digit lending rate for manufacturing sector from January 1'

BSS 2019-12-18 20:20:57

Finance Minister AHM Mustafa Kamal has expected that the bank interest rate for manufacturing sector will come down to single digit from January 1 for accelerating the country’s industrialisatio...

Kashmir sees $2.4b losses since lockdown

Kashmir sees $2.4b losses since lockdown

-- 2019-12-18 15:46:47

A lockdown in Indian-administered Kashmir has cost its economy more than 2.4 billion US dollar since the government stripped it of its special status, Kashmir Chamber of Commerce and Industry (KCCI) s...

EU approves $557m soft loan to Jordan

EU approves $557m soft loan to Jordan

-- 2019-12-18 12:51:49

Jordan has said that the European Parliament approved with a vast majority to grant Jordan a soft loan of 500 million euros (557 million US dollars) with a low-interest rate. According to a statement...

Cuba to see 0.5pc GDP growth in 2019

Cuba to see 0.5pc GDP growth in 2019

-- 2019-12-18 12:44:32

Cuba's gross domestic product (GDP) will see a slight 0.5-per cent expansion in 2019, the country's Economy Minister Alejandro Gil said has on. Speaking to legislatures, Gil said the country's econom...

Vietnam c bank cuts reference exchange rate

Vietnam c bank cuts reference exchange rate

-- 2019-12-18 12:10:51

The State Bank of Vietnam (SBV) has adjusted its daily reference exchange rate between Vietnamese dong and US dollar down by 4 Vietnamese dong to 23,158 Vietnamese dong per US dollar. With the curren...

Google to pay $500m in tax settlement

Google to pay $500m in tax settlement

-- 2019-12-18 11:58:22

Google has reached a settlement with the Australian Taxation Office (ATO) on Wednesday, agreeing to hand over 481.5 million Australian dollars (329.6 million US dollars) following a decade-long legal...

RMG export drops 6.61pc in July-Nov

RMG export drops 6.61pc in July-Nov

MONIRA MUNNI 2019-12-18 10:22:47

The country's ready-made garment (RMG) export to major non-traditional markets witnessed a negative growth of 6.61 per cent during the first five months of current fiscal year (FY), 2019-20, accordi...

'Poverty rate drops to 20.5pc in FY19'

'Poverty rate drops to 20.5pc in FY19'

FE Online Desk 2019-12-17 18:00:17

The poverty rate in Bangladesh came down to 20.5 per cent in the fiscal 2018-19. The figure was 21.8 at the end of 2017-18 fiscal year. Planning Minister MA Mannan gave the information while briefing...

ECNEC approves nine projects involving Tk 32.27b

ECNEC approves nine projects involving Tk 32.27b

UNB 2019-12-17 17:39:29

The Executive Committee of the National Economic Council (ECNEC) on Tuesday cleared nine projects involving Tk 32.27 billion. The approval came from the ECNEC meeting held at NEC Conference room in t...

Transfer Pricing Cell to put 921 foreign cos under scanner

Transfer Pricing Cell to put 921 foreign cos under scanner

DOULOT AKTER MALA 2019-12-17 10:02:20

The Transfer Pricing Cell (TPC) would put some 921 foreign companies, operating in Bangladesh in various forms, under its close scrutiny to find out the level of their tax compliance in relation to cr...

Equinox to buy Leagold for about $578m

Equinox to buy Leagold for about $578m

-- 2019-12-16 20:57:17

Canada’s Equinox Gold Corp will buy rival Leagold Mining Corp for C$769.3 million ($578.38 million), the company said on Monday, the latest consolidation in the industry that has seen deals wort...

China’s factory, retail sectors shine as trade tensions thaw   

China’s factory, retail sectors shine as trade tensions thaw  

-- 2019-12-16 14:36:13

Growth in China’s industrial and retail sectors beat expectations in November, as government support propped up demand in the world’s second-largest economy and amid easing trade hostili...

Online VAT project fated to miss its Dec ’20 deadline

Online VAT project fated to miss its Dec ’20 deadline

DOULOT AKTER MALA 2019-12-15 10:10:24

A Vietnamese firm that has been assigned to automate the VAT administration is set to miss the deadline because of its incapacity and the required back-up administrative reform. About Tk 2.76 billion...

Hard-term loan kitty set to be bigger

Hard-term loan kitty set to be bigger

FHM HUMAYAN KABIR 2019-12-14 10:05:03

The volume of the country's hard-term loan is likely to go up in the coming days as the government has amended the foreign borrowing terms, officials said. The government has recently relaxed its for...

Industrial sector to get single-digit lending rate, loan defaulters barred

Industrial sector to get single-digit lending rate, loan defaulters barred

Siddique Islam 2019-12-13 10:15:39

The Bangladesh Bank (BB)-formed committee submitted its report to the governor on Thursday, and recommended that only industrial manufacturing sectors will be eligible for availing single-digit lendin...

Service charge not major issue in India transit: Mustafa Kamal

Service charge not major issue in India transit: Mustafa Kamal

-- 2019-12-12 21:42:28

Finance Minister AHM Mustafa Kamal on Thursday said service charge is not the main issue in providing transit and other facilities to India. “We don’t consider the service charge as the m...

Qualcomm unveils new 5G platforms

Qualcomm unveils new 5G platforms

Xinhua 2019-12-12 16:44:46

US leading chip manufacturer Qualcomm has unveiled two new 5G mobile platforms and the world's first 5G-supported extended reality (XR) platform at its annual tech summit. During its Snapdragon Techn...

NZ visitor arrival growth hits record low

NZ visitor arrival growth hits record low

-- 2019-12-12 15:14:11

Growth in annual visitor arrivals in New Zealand dropped to its lowest level in seven years, as the number of visitors from Asia continued to fall, New Zealand statistics department Stats NZ has said....

US Fed holds rates steady

US Fed holds rates steady

-- 2019-12-12 15:06:30

The US Federal Reserve has left interest rates unchanged after cutting rates at each of the last three meetings, as officials assessed the effect of rate cuts on the US economy. The Federal Open Mark...

Facebook sues ILikeAd, alleges ad fraud

Facebook sues ILikeAd, alleges ad fraud

-- 2019-12-12 13:07:20

Facebook Inc on Thursday sued a Hong Kong company that it said used malware to bait people into clicking on celebrities’ photos and bogus advertising links, so it could run ads for counterfeit g...

Dhaka, Prague sign double taxation avoidance agreement

Dhaka, Prague sign double taxation avoidance agreement

FE REPORT 2019-12-12 12:27:18

Bangladesh and Czech Republic entered into a double taxation avoidance agreement (DTAA) on Wednesday with an eye to enhancing bilateral cooperation and boosting investment. The deal was signed at the...

Twitter plans to build ‘decentralised standard’ for social networks

Twitter plans to build ‘decentralised standard’ for social networks

-- 2019-12-12 10:39:04

Twitter Inc plans to set up an independent research group to create an “open and decentralised” system for social networks, CEO Jack Dorsey said on Wednesday, which could relieve pressure...

Govt initiates climate smart agri projects

Govt initiates climate smart agri projects

FE Online Report 2019-12-11 16:59:39

The government  in collaboration with the World Bank on Wednesday launched two climate smart plan and projects to address impacts of climate change on farming in the country. Agriculture Ministe...

US, Canada and Mexico sign fresh deal to replace NAFTA

US, Canada and Mexico sign fresh deal to replace NAFTA

Reuters 2019-12-11 14:13:48

Top officials from Canada, Mexico, and the United States signed a fresh overhaul of a quarter-century-old trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices f...

'GDP indicators don't amply reflect living standards of all'

'GDP indicators don't amply reflect living standards of all'

FE Report 2019-12-11 11:00:02

Mario Pzzini, a global scholar, has said the GDP (gross domestic product)-related indicators do not adequately reflect people's living standards, although (increasing) it is in the core action policy...

Bangladesh to seek higher aid flow from WB

Bangladesh to seek higher aid flow from WB

FHM HUMAYAN KABIR 2019-12-11 10:17:41

Bangladesh will request for extended support from the World Bank (WB) in its upcoming three-year aid package for facilitating the country's growing demand for development investment, officials said on...

Central bank to release new taka 50 notes

Central bank to release new taka 50 notes

-- 2019-12-10 21:44:29

Bangladesh Bank (BB) will release new Taka 50 notes on December 15 in phases. The new Taka 50 notes will be ‘reddish orange’ in colour. It will bear the picture of Bangabandhu and signatu...

ECNEC approves cost revision of HSIA extension project

ECNEC approves cost revision of HSIA extension project

BSS 2019-12-10 20:08:21

The Executive Committee of the National Economic Council (ECNEC) has approved the first revision of the Hazrat Shahjalal International Airport (HSIA), 1st phase, Project with an additional cost of Tk...

President calls for mutual cooperation for SDGs implementation

President calls for mutual cooperation for SDGs implementation

-- 2019-12-10 19:43:18

Noting that the financing gap is the main challenge for Bangladesh to attain the Agenda 2030, President Abdul Hamid on Tuesday called for mutual cooperation among the nations and the developed countri...