Search results for: EC

Malaysia to lift moratorium on Bangladeshi workers soon

FE Online Desk 2019-07-16 11:35:58

Malaysia is expected to lift the moratorium on Bangladeshi workers next month, according to the Southeast Asian country's Human Resources Minister M Kulasegaran. "I hope we can conclude within one or...

PPP Office seeks a host of tax benefits for new areas

Doulot Akter Mala 2019-07-16 09:43:31

The Public Private Partnership (PPP) Authority has sought tax benefits for some new areas to help attract private investors, officials said. The agency, under the Prime Minister's Office (PMO), has r...

China's housing prices stabilise with slower growth rates in June: NBS

Global Times 2019-07-15 20:53:13

Property prices in China held stable in June with slower growth rates amid an ongoing crackdown on speculation in the real estate market, figures released by the National Bureau of Statistics (NBS) sh...

China-BD joint venture company to invest $1.46m in Ishwardi EPZ

-- 2019-07-15 17:00:16

A China-Bangladesh joint venture company, M/S Golden Ocean Limited, will invest $1.46 million to establish a garment accessories industry in Ishwardi Export Processing Zone. In this regard, Banglades...

India aborts moon mission launch for technical glitch

-- 2019-07-15 16:48:12

India aborted the launch on Monday of a spacecraft intended to land on the far side of the moon less than an hour before liftoff. The Chandrayaan-2 mission was called off when a “technical snag...

China's GDP grows 6.3 pc in first half 2019

-- 2019-07-15 15:20:47

China's GDP expanded 6.3 per cent year on year in the first half of 2019 to about 45.09 trillion yuan (about 6.56 trillion US dollars), data from the National Bureau of Statistics (NBS) showed Monday....

Govt decides to take ADB loan, finally

Munima Sultana 2019-07-15 10:13:53

The government has finally decided to take out loan from Asian Development Bank (ADB) to reconstruct and expand the Dhaka-Sylhet highway, sources said. They said the costly Dhaka-Sylhet four-lane pro...

Korea willing to invest in energy, infra, ICT

FE Report 2019-07-15 10:05:56

Visiting South Korean Prime Minister Lee Nak-yon said his country is willing to invest in energy, infrastructure, and ICT in Bangladesh to boost economic cooperation between the two nations. The Asia...

Korean PM wants stronger economic ties with Bangladesh

-- 2019-07-14 17:57:54

Visiting South Korean Prime Minister Lee Nak-yon on Sunday expressed his country's desire to take Bangladesh-Korea ties to the next level through stronger collaboration in key areas to bring mutual pr...

Women workers' outflow up 10pc in Jan-Jun

Arafat Ara 2019-07-14 10:57:49

The number of outbound women workers has increased by more than 10 per cent in the first six months of the current calendar year amid allegation of different types of workplace exploitation. Accord...

Minimum value for customs assessment made neutral

Doulot Akter Mala 2019-07-14 10:10:50

The National Board of Revenue (NBR) has introduced a country-neutral minimum value for customs assessment from the current fiscal year (FY) with an upward revision for the majority of products. Min...

Finance minister seeks AIIB support for energy sector

FE Report 2019-07-13 21:33:48

China-led Asian Infrastructure Investment Bank (AIIB) on Friday assured Bangladesh of providing all-out support to the country's development. The assurance came when finance minister AHM Mustafa Kama...

'Bangladesh to seek Korean investment for innovative production'

-- 2019-07-13 21:00:10

Bangladesh will seek Korean investment for producing new and diverse products in the country as South Korean Prime Minister Lee Nak-yon arrived in Dhaka on Saturday afternoon on a three-day official v...

Powerful X-ray telescope launched to map cosmos

BBC 2019-07-13 18:53:48

One of the most significant Russian space missions in the post-Soviet era has launched from Baikonur, Kazakhstan. The Spektrum-SG telescope is a joint venture with Germany that will map X-rays across...

US okays $5b Facebook settlement over privacy issues

-- 2019-07-13 10:36:45

The US Federal Trade Commission approved a roughly $5.0 billion settlement with Facebook Inc this week over its investigation into the social media company’s handling of user data, a source fami...

Advance Tax puts importers in a tight spot

FE Report 2019-07-13 09:38:53

Importers said they have been bleeding after the slapping of a 5.0 per cent advance tax (AT) on imports, effective from July 01. Many importers said they require extra money to pay it at a time when...

Singapore's decade-low growth triggers recession warning

-- 2019-07-12 18:20:22

Singapore’s economy grew at its slowest annual pace in a decade in the second quarter, preliminary data showed on Friday, raising bets that a technical recession and monetary policy easing could...

Call for FTA with KL to boost trade

Siddique Islam, from Kuala Lumpur 2019-07-12 12:08:33

Bangladesh business leaders and experts have accentuated the signing of a free trade agreement (FTA) with Malaysia to boost bilateral trade and investment. They made the recommendation at a programme...

WB to help BD achieve middle-income status

FE Report 2019-07-12 10:01:51

The World Bank said it will continue support Bangladesh in its quest for achieving the upper-middle income country status by ensuring green growth. Chief executive officer of the global lender Krista...

Businesses, taxmen differ on corporate tax rates

Doulot Akter Mala 2019-07-12 09:51:00

Businesses and tax-officials are holding opposite views over the existing corporate tax rates, taking into consideration the country's poor tax-GDP (gross domestic product) ratio and investment scenar...

Bangladesh to form body to negotiate FTA with Malaysia

-- 2019-07-11 19:30:46

Bangladesh will form a committee to negotiate signing Free Trade Agreement (FTA) with Malaysia. The information was revealed at the ‘Showcase Bangladesh-Go Global’ at the Royale Chulan Ho...

Queen Maxima highly praises financial inclusion in BD

-- 2019-07-11 17:35:26

Visiting Dutch Queen Maxima Zorreguieta Cerruti on Thursday highly praised the expansion of financial inclusion in Bangladesh through simplification of the digital financial services. She also assure...

BB assures People's Leasing depositors

FE Report 2019-07-11 09:54:59

The central bank said as a regulator it will not shoulder the responsibility of failure on the part of the People's Leasing and Financial Services Ltd (PLFSL), which is now facing liquidation. "Liqui...

Bangladesh should further open up its economy: Joy

-- 2019-07-10 22:11:04

Prime Minister’s ICT Affairs Adviser Sajeeb Wazed Joy has said Bangladesh should further open up its economy for more foreign investments. “We are now living in an age of globalisation. W...

Export earnings from furniture industry witness 18.53pc growth

-- 2019-07-10 19:30:54

The export earnings from the country’s furniture industry witnessed an 18.53 per cent growth in the last fiscal year (FY19). The country bagged $74.89 million from furniture export in FY19, whi...

Trade uncertainty weighing on Asia-Pacific investment and growth

FE Online Desk 2019-07-10 12:54:14

Trade uncertainty will weigh on growth and investment in Asia-Pacific despite somewhat easier financial conditions, said S&P Global Ratings in a report published on Tuesday, titled "Asia Pacific Q...

Mexican FinMin quits with critical letter

-- 2019-07-10 11:00:36

Mexico's finance minister Carlos Urzua has quit over differences with the country's left-wing president Andrés Manuel López Obrador. In a letter, made public on his Twitter account on T...

Govt’s July-May net borrowing from savings tools up 8.0pc

Arafat Ara 2019-07-10 10:50:43

The government's net borrowing from state-owned savings instruments rose by about 8.0 per cent in the first 11 months of the just-concluded fiscal year compared to the corresponding period of the pr...

Inflation cools in FY’19 after steep increase

FE Report 2019-07-10 10:15:32

After a sharp rise, the average inflation rate fell to 5.48 per cent in the just-concluded fiscal year, the government said. The inflation rate is 0.08 percentage points lower than the government's 5...

Deficit financing: Govt borrowing beyond monthly auction

Jasim Uddin Haroon 2019-07-10 10:13:18

The government is increasingly borrowing from the banking system going beyond the regular monthly calendar of auctions. Primary dealers (PDs) said the government had borrowed money six-times over the...