Search results for: EC

Australia’s GDP growth jumps to 3.1pc

-- 2018-06-07 15:11:37

Australia’s economy is growing at an annual rate of 3.1 per cent, up from 2.4 per cent three months ago, largely thanks to mining commodities exports. Strong results in the mining exports have...

Muhith placing Tk 4.64 trillion-budget

FE Online Report 2018-06-07 13:13:34

Finance Minister AMA Muhith has been placing the last budget of this government for the fiscal year 2018-19. He started placing the Tk 4.64 trillion-plus budget before the parliament at 12:53 in the...

Plea to keep remittance inflow out of tax net

FE Report 2018-06-07 10:20:07

Non-resident Bangladeshis (NRBs) urged the government to keep their hard-earned money out of the tax net to encourage remittance of their earnings home. The Centre for Non Resident Bangladeshis (Cent...

BB launches term repo for banking system liquidity

Siddique Islam 2018-06-07 10:08:17

The Bangladesh Bank (BB) introduced a term repurchase agreement (repo) facility for the first time on Wednesday to ensure liquidity in the banking system. Under the term repo, the banks are allowed t...

Muhith set to place Tk 4.64 trillion budget

FE Report 2018-06-07 09:41:04

Finance Minister AMA Muhith is set to unveil the last budget of this government today (Thursday). He is due to start placing the Tk 4.64 trillion-plus budget before Jatiya Sangsad at 12:30 in the aft...

Malaysia’s central bank governor quits

-- 2018-06-06 14:47:08

Malaysian Prime Minister Mahathir Mohamad has accepted the resignation of the central bank governor, he said on Wednesday, the latest in a string of departures as the 92-year-old leader purges top off...

Facebook admits data sharing with Chinese companies

Reuters 2018-06-06 12:00:19

Facebook says it has data sharing partnerships with at least four Chinese companies including Huawei, the world’s third largest smartphone maker, which has come under scrutiny from US intelligen...

Non-payment of debt: Muhith slams BPC

Syful Islam 2018-06-06 10:12:54

Finance Minister AMA Muhith expressed his deep annoyance at the Bangladesh Petroleum Corporation's (BPC's) failure to pay its debt to the government. "The BPC is violating both policy and rules conce...

BB asks banks to be diligent in loan disbursement

FE Report 2018-06-06 09:26:21

The central bank has again directed the commercial banks to ensure that the loans they disburse are not diverted to uses other than the ones proposed originally, officials said on Tuesday. If any sor...

35 NRBs get CIP status

-- 2018-06-05 20:48:14

Thirty five Non-Resident Bangladeshis (NRB) have been given Commercially Important Person (CIP) status for their outstanding contribution in Bangladesh economy. Of them, 29 were given CIP status for...

Education, healthcare, infrastructure will get priority in budget

-- 2018-06-05 20:27:20

Healthcare, education and infrastructure development will get priority in the national budget for the financial year 2018-19 (FY19) to achieve sustainable development goals (SDGs). “The propose...

50 nations 'curbing plastic pollution'

-- 2018-06-05 18:41:45

Fifty nations are now taking action to reduce plastic pollution, according to the biggest report so far from the UN. It reveals that the Galapagos will ban single-use plastics, Sri Lanka will ban sty...

Apple focuses on speed, upgrades

-- 2018-06-05 14:25:25

Tech giant Apple Inc on Monday unveiled software upgrades that would let older iPhones run faster, help parents limit their children’s screen time and make its Siri voice assistant work more lik...

RBA holds rates at historic low

-- 2018-06-05 13:56:25

Reserve Bank of Australia (RBA), the central bank of the country, has left interest rates unchanged at the historic low of 1.5 per cent for the 20th consecutive meeting. The RBA made the announcement...

Last budget session of 10th parliament begins 

-- 2018-06-05 13:23:01

The last budget session of the 10th parliament has begun. The session, the fifth by this parliament, began at 11:15am with Speaker Dr Shirin Sharmin Chaudhury in the chair. Finance Minister AM Muhit...

Banking commission by this month: Muhith

FE Report 2018-06-05 10:08:02

Finance Minister AMA Muhith said on Monday the upcoming budget will see increase in taxes in a few areas as the national election looms. "The new taxes are a very few. The rate of increase will also...

Banks' provision shortfall swells by 18pc in Q1

FE Report 2018-06-05 10:03:49

Overall shortfall in provision against both classified and unclassified loans in the country's banking system swelled by nearly 18 per cent or Tk 11.91 billion in the first quarter (Q1) of the current...

Call to frame Islamic banking law

FE Report 2018-06-05 09:52:08

The government should formulate a separate law to give Islamic banking a strong legal coverage, experts said on Monday. At the same time, Islamic banks in the country should look to introduce more Sh...

No new tax in upcoming budget, Muhith assures

-- 2018-06-04 20:41:04

Finance Minister Abul Maal Abdul Muhith has said the government is not imposing any new tax in the upcoming national budget. “The good news is there is a very limited increase in tax rates. Hap...

Secondary trading of t-bills, bonds drops in April

FE Online Report 2018-06-04 18:52:14

Secondary trading of the treasury bills (t-bills) and treasury bonds (t-bonds) declined sharply in the month of April this year. Central bank statistics showed that total turnover of t-bills and t-bo...

Inflation rate drops slightly in May

FE Online Report 2018-06-04 16:54:21

The point-to-point inflation rate in the last month dropped to 5.57 per cent compared to that of 5.63 per cent in the previous month April, official data showed. Bangladesh Bureau of Statistic (BBS)...

Philippine inflation likely rise again

-- 2018-06-04 14:11:28

Philippine inflation likely accelerated for the fifth straight month in May, a Reuters poll showed, but analysts were divided over when the central bank will again raise interest rates. The median...

Q1 NPLs jump by 19pc to Tk 885.89b

FE Report 2018-06-04 12:11:48

The volume of classified loans in the banking system jumped by more than 19 per cent or Tk 142.86 billion in the first quarter (Q1) of 2018 despite the central bank's close monitoring. The amount of...

'If the ocean dies, so do we'

-- 2018-06-04 11:40:44

The celebrated author Margaret Atwood has told a conference that humanity's future is linked to the survival of ocean ecosystems. Commenting on ocean plastic pollution, she said: "Something has to be...

Liberalise private foreign borrowing: Experts

-- 2018-06-04 10:43:12

Bangladesh should reform and liberalise its foreign currency borrowing regime to address the current liquidity shortage and attain its investment target, a leading think tank has said. At the same ti...

Budgetary allocation for power and energy likely to dip

-- 2018-06-03 18:37:38

Power and energy sector is likely to see a slashed budget allocation for the upcoming fiscal (FY19) compared to that of the previous fiscal (FY18) Tk 262.26 billion is likely to be allocated for the...

Remittance inflow jumps by 11pc ahead of Eid

FE Online Report 2018-06-03 18:03:06

The flow of inward remittances jumped by more than 11 per cent in May over that of the previous month ahead of the Eid-ul-Fitr, officials said. The remittance inflow was estimated at $1.48 billion in...

Software and stealth go hand-in-hand for carmakers

-- 2018-06-03 16:55:02

Carmakers including Renault, Jaguar Land Rover and Peugeot have boosted revenues by over $1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepare...

Barcelona shutting up neighbours via sensors

-- 2018-06-03 14:13:45

Spain’s Barcelona is hushing their neighbourhoods with state of the art easy to use sensors that can detect air pollution, noise levels, humidity and temperature. In the heart of the bustling...

Bank of Japan concedes weak inflation

-- 2018-06-03 11:10:48

Bank of Japan Governor Haruhiko Kuroda said on Saturday that inflation had recently been weak despite a steady economic expansion, signalling the bank’s readiness to maintain its massive stimulu...