Search results for: EC

Federal Reserve is out of control: Trump

-- 2018-10-12 21:16:56

US President Donald Trump has renewed his attacks on the central bank, the US Federal Reserve, calling it 'out of control' and 'far too stringent'. Trump made the criticism while talking to the repor...

India rejects WB human capital index

-- 2018-10-12 17:48:17

India has rejected the findings of the World Bank's Human Capital Index (HCI), which has placed the country at 115th position out of 157 countries on various considerations. The Indian finance minist...

IMF official anxious about loan defaults: Muhith

-- 2018-10-12 16:37:55

Expressing satisfaction over the Bangladesh economy, Deputy Managing Director of International Monetary Fund Misuhiro Furusawa has said he is anxious about the prevalent loan defaults in the banking s...

Rice 'safely conserved' in gene bank

-- 2018-10-12 15:18:45

Scientists say that more than 100 thousand varieties of rice have been safeguarded for the future. Samples in the world's largest rice gene bank in the Philippines are being used to help farmers deve...

Global internet shutdown likely in 48 hours

-- 2018-10-12 13:00:15

Internet users across the world may experience widespread network failures as the key domain servers are slated to undergo routine maintenance over the next 48 hours, according to an ANI report run by...

China's foreign trade up 9.9pc in first nine months

-- 2018-10-12 12:48:54

China's goods trade rose 9.9 per cent year on year to 22.28 trillion yuan (about 3.23 trillion US dollars) in the first nine months of the year, customs data showed Friday. Exports increased 6.5 per...

Quarterly ADP execution rate hits three-year low

FHM Humayan Kabir 2018-10-12 09:36:45

The implementation rate of Annual Development Programme (ADP) hit a three-year low to 8.0 per cent in the first quarter of the fiscal year, 2018-19. The project implementation rate was two percentage...

ECNEC nods 17 projects involving Tk 142 billion

FE Online Desk 2018-10-11 20:59:29

The government is set to spend Tk 142 billion on 17 development projects including the Rajshahi WASA Surface Water Treatment Plant Project and Development of Electricity Supply System, Chattogram Zone...

Malfunctioned rocket lands safely in Kazakhstan

-- 2018-10-11 17:02:26

A capsule carrying the two crew members of a Russian Soyuz rocket that malfunctioned on lift-off has landed safely in Kazakhstan. Russian Cosmonaut Alexey Ovchinin and US astronaut Nick Hague are rep...

IMF warns against trade, currency wars, urges fix to global rules

-- 2018-10-11 16:26:56

International Monetary Fund Managing Director Christine Lagarde on Thursday warned countries against engaging in trade and currency wars that hurt global growth and imperil “innocent bystanders....

Italy's pension reform will cost €100b: INPS

-- 2018-10-11 16:01:10

The Italian state pension agency INPS said the government’s plan to lower the retirement age will cost future generations around 100 billion euros ($115.4 billion). The reform “will incre...

Pakistan's trade deficit shrinks 2.4pc for Sept

-- 2018-10-11 15:03:35

The trade deficit of Pakistan reduced by 2.4 percent during the month of September over the same month of the last year, the Pakistan Bureau of Statistics (PBS) has said. The trade deficit dropped...

Jack Ma hails prospect of technology in Asia

-- 2018-10-11 14:43:28

Jack Ma, founder of China's e-commerce giant Alibaba, hailed the prospect of technology and internet in Asia, saying China and companies like Alibaba will take up the responsibility and opportunities...

Tax from biggies falls Tk 3.0b short of target in Q1

Doulot Akter Mala 2018-10-11 09:41:37

Tax collection by the National Board of Revenue (NBR) from financial institutions fell short of the target by Tk 3.0-billion in the first quarter (Q1) of the current fiscal year (FY). Officials attri...

Global debt balloons to record $182 trillion: IMF

Reuters 2018-10-10 11:43:00

Global debt levels reached a record $182 trillion in 2017, having grown 50 per cent in the previous decade, but the picture looks less grim when public assets are taken into account, the International...

Move to set up urea fertiliser factory in Narsingdi

FE Online Report 2018-10-09 19:37:55

A granular urea fertiliser factory will be established at Ghorashal in Polash upazila of Narsingdi district at Tk104.61 billion cost in a bid to boost the country's urea production to meet growing dem...

Inflation rate drops slightly in September

FE Online Report 2018-10-09 17:41:24

The point-to-point inflation rate in September dropped to 5.43 per cent compared to that of 5.48 per cent in the previous month, official data showed. Bangladesh Bureau of Statistic (BBS) data, unvei...

ECNEC approves 20 development projects

-- 2018-10-09 16:51:46

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved 20 development projects involving Tk 325.25 billion. The approval was given at the 146th ECNEC meeting of the curr...

Bangladesh ‘least committed’ to cut rich-poor gap: Oxfam

FE Online Report 2018-10-09 14:15:36

Bangladesh is one of the least committed countries in the world to reduce the growing income disparity, according to a report released by Oxfam International on Tuesday. The country ranked 148 among...

IMF forecasts 7.1pc growth for BD in 2019

-- 2018-10-09 13:57:57

The growth domestic product (GDP) of Bangladesh is expected to grow by 7.1 per cent in 2019, according to the International Monetary Fund (IMF). Economic growth may accelerate 7.0 per cent in 2023, I...

Not yet approached by Pakistan for bailout: IMF

-- 2018-10-09 12:42:33

Pakistan has not yet formally approached the International Monetary Fund for financial assistance, but if bailout talks get underway this week, the goal will be to help Pakistan reach its full potenti...

Venezuela's annual inflation hits 488,865 pc in Sept

-- 2018-10-09 12:29:25

Venezuelan consumer prices rose 488,865 per cent in the 12 months ending in September as the country’s hyperinflation continues to accelerate amid a broader economic collapse. Daily inflation i...

BB issues revised risk mgt guidelines for banks

FE Report 2018-10-09 11:49:50

The central bank has issued revised risk management guidelines for banks to ensure a sound risk management culture in the country's banking sector. "The modification of the prudential regulations is...

Google+ shutting down after data breach

-- 2018-10-09 11:15:20

Alphabet’s Google will shut down the consumer version of its failed social network Google+ and tighten its data sharing policies after announcing that private profile data of at least 0.5 millio...

Asia stocks at 17-month low as China lets yuan slip

-- 2018-10-09 11:03:39

Asian shares hit 17-month lows on Tuesday as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets, a shift that pressured other emerging currenci...

IMF cuts global growth forecasts on trade policy tensions

-- 2018-10-09 10:36:18

The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and the imposition of import tariffs were taking a toll on comm...

Why foreign investors leaving, PMO asks NBR

Doulot Akter Mala 2018-10-09 09:46:54

The Prime Minister's Office (PMO) has asked the National Board of Revenue (NBR) to find reasons behind the departure of some large foreign investors. In a recent meeting, the PMO wanted to know wheth...

Exports make robust growth in September

FE Online Desk 2018-10-08 20:47:50

The surge in garment exports has pushed the country's single-month earnings to hit a record 54.64 per cent growth in September 2018. The export earnings reached $3.14 billion in September, the third...

Two Americans win Nobel Economics Prize

-- 2018-10-08 16:28:34

Two American economists, William Nordhaus and Paul Romer, won the 2018 Nobel Prize in Economic Sciences for integrating climate change and technological innovation into macroeconomic analysis. The Ro...

German industry output falls further

Reuters 2018-10-08 13:20:48

German industrial output unexpectedly dipped in August for the third consecutive month, data showed on Monday, and the Economy Ministry said production had suffered a weak summer overall. Data from t...