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Search results for: economy

Central bank to release new taka 50 notes

-- December 10, 2019 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

BSS December 10, 2019 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

-- December 10, 2019 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...

$540m ADB funding for human resource development

-- December 10, 2019 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

-- December 10, 2019 17:11:30

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 December 10, 2019 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...

Trade deficit ups slightly in July-October

FE ONLINE REPORT December 10, 2019 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

-- December 10, 2019 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

-- December 10, 2019 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 December 10, 2019 10:27:59

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 December 10, 2019 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 December 09, 2019 16:55:55

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 December 09, 2019 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'

-- December 08, 2019 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...

'Bangladesh becomes self-sufficient in fish production'

BSS December 07, 2019 18:42:14

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...

Cyprus economy likely to slow down in 2020

-- December 07, 2019 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

-- December 07, 2019 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

-- December 07, 2019 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...

Trade war goes digital: Countries eye tariffs on Internet economy

REUTERS December 07, 2019 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 December 07, 2019 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 December 06, 2019 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

-- December 06, 2019 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

-- December 06, 2019 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

-- December 06, 2019 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 December 06, 2019 10:54:21

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 December 05, 2019 22:00:52

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 December 05, 2019 15:34:06

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

-- December 05, 2019 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 December 05, 2019 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...

Govt likely to cut foreign aid allotment in RADP

FHM Humayan Kabir December 05, 2019 10:33:54

The government is likely to slash foreign aid allocation in the upcoming revised development budget, as many ministries and divisions have sought lower funds, officials said on Wednesday. The Econo...