Search results for: EC

$540m ADB funding for human resource development

-- 2019-12-10 18:31:46

Asian Development Bank (ADB) would provide US$540 million as concessional loans for skilled human resource development in tertiary education sector of Bangladesh, reports BSS.  “ADB will g...

Inflation reaches 6.05pc in November

-- 2019-12-10 17:11:29

The general point-to-point inflation rate reached 6.05 percentage point in November. “The general point-to-point inflation rate in November reached 6.05 percentage point,” said Planning M...

BD’s economic growth hits record 8.15pc in FY19

BSS 2019-12-10 17:10:34

The economy of Bangladesh grew by a record 8.15 per cent and the per capita income reached US$1,909 in the fiscal 2018-19. Planning Minister MA Mannan gave the information while briefing reporters af...

Russian cargo ship successfully docks with ISS

Xinhua 2019-12-10 16:54:35

The Russian cargo spacecraft Progress MS-13 has successfully docked with the Pirs module of the International Space Station (ISS), the Russian state space corporation Roscosmos said Monday. The appro...

Trade deficit ups slightly in July-October

FE ONLINE REPORT 2019-12-10 14:59:08

Country’s merchandise trade deficit with the rest of the world increased slightly in the first four months of the current fiscal year (FY20). Statistics released by the central bank today (Tues...

Economists expect US growth to slow to 1.8pc in 2020

-- 2019-12-10 13:30:06

A panel of 53 professional forecasters anticipate that US Gross Domestic Product (GDP) growth will slow to 1.8 per cent in 2020, according to a new survey from the NABE released Monday. "NABE Outlook...

Philippines' total trade declines 6.7pc in Oct

-- 2019-12-10 13:21:41

The Philippines' total external trade in goods in October declined by 6.7 per cent, amounting to 15.89 billion US dollars from the $17.03 billion external trade in the same month of 2018, the PSA) has...

NBR opens 03 more LC stations for trade with Nepal, Bhutan

FE REPORT 2019-12-10 10:27:58

The revenue board has opened three more customs ports for import and export of goods from Nepal and Bhutan using Indian territory. The land customs stations (LCs) include Tamabil of Sylhet, Chilmari...

BB body explores options to cut lending rate

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

The Bangladesh Bank (BB)'s high-powered committee is trying to explore different options to bring down the industrial lending rate to single-digit from the existing level. Different issues including...

Remittance inflow increases by 22.67pc in 5 months

BSS 2019-12-09 16:55:54

Expatriate Bangladeshis sent US$7,714.19 million remittances in the first five months of the current fiscal 2019-20, which is 22.67 per cent higher than the amount of corresponding period of the prece...

BD slips 15 notches in global e-commerce index

Saif Uddin 2019-12-09 10:06:16

Bangladesh has ranked 103rd out of 152 countries in the global E-commerce Index 2019, prepared by the United Nations Conference on Trade and Development (UNCTAD). The country slipped by 15 notches...

'Eligible e-TIN holders must submit income tax return'

-- 2019-12-08 20:12:11

Eligible electronic taxpayer identification number (e-TIN) holders would be forced to submit their income tax return after January 15. National Board of Revenue (NBR) Chairman Md Mosharraf Hossain Bh...

Ancient fossils clarify evolution of mammalian hearing

Xinhua 2019-12-08 19:51:21

Researchers have discovered ancient fossils of a new Cretaceous mammal species in northeast China's Liaoning Province, finding a missing piece of the jigsaw puzzle of mammalian hearing evolution. The...

'Bangladesh becomes self-sufficient in fish production'

BSS 2019-12-07 18:42:13

Bangladesh has attained self-sufficiency in fish production as the country’s per capita fish consumption has increased to 62.58 grams per day against the demand of 60 grams. State Minister for...

Russia sends cargo ship to International Space Station

Xinhua 2019-12-07 16:43:37

Russia successfully launched its Progress MS-13 cargo ship to the International Space Station (ISS) on Friday, Russian state space corporation Roscosmos said. The Soyuz-2.1a rocket carrying the space...

Cyprus economy likely to slow down in 2020

-- 2019-12-07 15:00:10

Cypriot Finance Minister Constantinos Petrides had said that the country's economic growth is expected to slow down to 2.9 per cent in 2020 from 3.2 per cent this year. Presenting to parliament the s...

Canada's jobless rate climbs to 5.9pc in Nov

-- 2019-12-07 14:21:25

Canada's jobless rate rose to 5.9 per cent in November from 5.5 per cent in October, Statistics Canada has said. According to the statistics report, published on Friday, the country’s job marke...

China’s RMG industry reports lower revenue

-- 2019-12-07 14:03:46

The revenue of China's ready-made garment (RMG) industry was lower in the first 10 months of the current year, said the Ministry of Industry and Information Technology (MIIT). From January to October...

BCIC disputes Q1 financial report of Miracle Industries

JUBAIR HASAN 2019-12-07 10:18:55

Bangladesh Chemical Industries Corporation (BCIC), a major shareholder of publicly listed Miracle Industries Limited, has raised questions over authenticity of the company's financial filing, official...

Trade war goes digital: Countries eye tariffs on Internet economy

REUTERS 2019-12-07 10:17:24

A 20-year global moratorium on imposing tariffs on digital trade could end next week if India or South Africa makes good on threats, according to trade officials and documents, potentially forcing peo...

Q1 budget deficit soars

JASIM UDDIN HAROON 2019-12-07 10:12:15

The budget deficit during the July-September period last increased by nearly 200 per cent compared with the corresponding three months in 2018, as gains in tax receipts were offset by higher spendin...

Move to revamp BD missions abroad to spur export earnings

FE Report 2019-12-06 14:38:57

The government wants to rejuvenate its foreign missions abroad across the globe to help boost export earnings, officials have said. To this end, they said, an inter-ministerial committee will hold a...

ADB approves $1b emergency loan for Pakistan

-- 2019-12-06 14:23:33

The Asian Development Bank (ADB) has approved an emergency loan of 1.0 billion US dollar for Pakistan to provide immediate support to the country's finances and help strengthen a slumping economy. Th...

ADB approves $160m loan for Mongolia

-- 2019-12-06 14:14:31

The Asian Development Bank (ADB) has approved a loan of 160 million US dollars to support Mongolian government's efforts to improve the air quality and health in Mongolia's capital Ulan Bator. "Air p...

NZ c. bank alerts public to phone call scam

-- 2019-12-06 14:07:40

The Reserve Bank of New Zealand (RBNZ) is alerting the public to what appears to be an automated phone call scam randomly targeting members of the public, according to a statement on Friday. The scam...

Import taxes on seeds of spices go

FE REPORT 2019-12-06 10:54:20

Importers have been exempted from payment of all import taxes on different types of seeds of spices and pulses including pepper and coriander. The National Board of Revenue (NBR) has withdrawn the...

‘Businesses hampered as private banks yet to reduce lending rates’

FE Online Report 2019-12-05 22:00:51

No private bank has reduced the lending rates to single digits as yet, despite getting privileges from the government, which is having a negative impact on businesses. Commerce Minister Tipu Munshi c...

Export earnings fall again

FE Online Report 2019-12-05 15:34:05

The country's export earnings continued the negative trend as merchandise shipment witnessed a 7.59 per cent fall during the last five months of current fiscal year of 2019-20.  The aggregate e...

1.6m tourists visit Sri Lanka till Nov end

-- 2019-12-05 12:23:07

Tourist arrivals to Sri Lanka hit the 1.6 million mark in November with the arrival of over 175,000 tourists to the country by the end of the month, statistics from the Sri Lanka Tourism Ministry has...

Argentine central bank chief Sandleris steps down

Reuters 2019-12-05 11:42:02

Argentina central bank chief Guido Sandleris resigned on Wednesday, an expected step as Latin America’s third-largest economy transitions to Peronism next week under newly elected President Albe...