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Pakistan's proposed sukuk assigned 'B' preliminary rating

Pakistan's proposed sukuk assigned 'B' preliminary rating

FE Online Desk 2017-11-21 12:00:00

SINGAPORE (S&P Global Ratings) Nov. 21, 2017--S&P Global Ratings today assigned its preliminary 'B' long-term foreign currency rating to the planned U.S. dollar-denominated sukuk (trust cert...

Singapore’s core inflation likely rise 1.5pc

Singapore’s core inflation likely rise 1.5pc

-- 2017-11-21 11:09:56

The Monetary Authority of Singapore’s (MAS) core inflation measure in October likely rose 1.5 per cent from a year earlier, unchanged from September, a Reuters poll showed. “The MAS core...

Project overruns time sans even spadework

Project overruns time sans even spadework

FHM Humayan Kabir 2017-11-21 10:25:27

The power board has yet to start even spadework for converting the Shahjibazar 75-megawatt (mw) power plant to a 105MW one although nearly five years have elapsed since the project was undertaken. O...

Youth unemployment decreases globally, but quality jobs jolt: ILO

Youth unemployment decreases globally, but quality jobs jolt: ILO

-- 2017-11-21 07:42:57

There is a persisting overall trend of insufficient good jobs for young people seeking work, who are estimated to account for over 35 per cent of the unemployed worldwide in 2017, the International La...

$100m deal to accelerate Moheskhali FSRT

$100m deal to accelerate Moheskhali FSRT

-- 2017-11-21 07:38:40

A USD 100 million turnkey deal has been signed for the Floating LNG Storage and Regasification Terminal (FSRT) in Moheskhali of Cox's Bazar. Summit LNG Terminal signed a turnkey contract recently wit...

Thrust on developing tech-driven economy

Thrust on developing tech-driven economy

FE Online Desk 2017-11-20 12:27:33

Google Developer DevFest Bangladesh 2017 presented by Google Developer Group Dhaka and powered by Whiteboard, in association with Preneur Lab, took place recently at GP House, said a statement. S...

Reliance's proposed U.S. dollar senior unsecured notes assigned 'BBB+' Rating

Reliance's proposed U.S. dollar senior unsecured notes assigned 'BBB+' Rating

FE Online Desk 2017-11-20 12:00:00

SINGAPORE (S&P Global Ratings) Nov. 20, 2017--S&P Global Ratings today assigned its 'BBB+' long-term issue rating to the proposed U.S.-dollar-denominated senior unsecured notes due 2027 by...

Majority BD consumers prefer newer digital payment systems

Majority BD consumers prefer newer digital payment systems

FE Report 2017-11-20 10:12:11

Around 65 per cent of Bangladeshi consumers favour adopting newer modes of digital payment amid growing liking for e-business, a study by global payment-technology-giant Visa reveals. The ease of tra...

Govt to fix sector-wise productivity level: Secretary

Govt to fix sector-wise productivity level: Secretary

-- 2017-11-20 10:09:42

The government plans to fix the level of productivity based on different sectors and subsectors of the national economy. Industries Secretary Muhammad Abdullah came up with the statement at the natio...

Banana farming gives solvency to Manikganj farmers

Banana farming gives solvency to Manikganj farmers

-- 2017-11-20 04:59:31

Farmers of three upazilas in Manikganj district have gained solvency by cultivating banana in their sandy land which previously remained uncultivated for long time. Most of those lands are situated i...

Japan export growth steady in Oct

Japan export growth steady in Oct

-- 2017-11-20 02:04:45

Japan’s export growth held steady in October, while the trade surplus dropped from a year ago, as growth in exports were eclipsed by higher costs of importing crude oil and petroleum products....

PT Bank Rakyat Indonesia outlook revised

PT Bank Rakyat Indonesia outlook revised

FE Online Desk 2017-11-20 01:55:31

SINGAPORE (S&P Global Ratings) Nov. 17, 2017--S&P Global Ratings today revised its outlook on PT Bank Rakyat Indonesia (Persero) Tbk. (BRI) to positive from stable. At the same time, we affi...

Floating solar plant on Kaptai Lake likely

Floating solar plant on Kaptai Lake likely

-- 2017-11-19 12:00:00

Kaptai Lake and canal of Teesta Water Barrage are likely to house floating solar power plant as part of countrywide installation of such projects, officials said. If the Kaptai floating solar power p...

NBR holds key to probe Paradise Papers scandal

NBR holds key to probe Paradise Papers scandal

-- 2017-11-19 12:00:00

Recent release of the Paradise Papers brings the number of Bangladeshi 'Officers' named in the ICIJ's database of offshore leaks, that commenced with the Panama Papers in 2016, to over 60. Yet is the...

ADB to give $260m for infrastructure dev

ADB to give $260m for infrastructure dev

-- 2017-11-19 11:00:24

The Asian Development Bank (ADB) has signed agreements for $260 million in loans to help sustain and increase infrastructure investments in Bangladesh as well as renewable energy interventions. Econo...

Metro-rail project stands to  suffer for mass deputations

Metro-rail project stands to suffer for mass deputations

Munima Sultana 2017-11-18 12:00:00

A faulty recruitment plan mainly focused on deputations for metro-rail projects is likely to hinder the ongoing process of developing three mass rapid-transit (MRT) lines in the city, sources said. T...

Widening 15km road costs Tk 2.26 billion!

Widening 15km road costs Tk 2.26 billion!

FHM Humayan Kabir 2017-11-18 12:00:00

A 15.5-kilometre regional highway is going to be widened at a cost of Tk 2.26 billion which some insiders even consider inflated. It will require Tk 145.8 million for widening a one-kilometre patch o...

Global banks flag concerns over US Senate tax proposal

Global banks flag concerns over US Senate tax proposal

Reuters 2017-11-18 12:00:00

Global banks raised concerns on Friday over a provision in the US Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could hurt the banking industry....

Rohingya crisis may hurt investment in Myanmar: IMF

Rohingya crisis may hurt investment in Myanmar: IMF

-- 2017-11-18 12:00:00

The International Monetary Fund on Friday said the Rohingya refugee crisis may dampen investment in Myanmar as the country faces international pressure over its treatment of the Muslim minority. Howe...

ADB to lend $260m for infrastructural investments

ADB to lend $260m for infrastructural investments

-- 2017-11-18 12:00:00

Bangladesh is set to sign a US$260 million agreement with the Asian Development Bank (ADB) on Sunday (tomorrow) for infrastructural investments, especially for public-private partnership (PPP) project...

US tax cuts not likely this year: Economists

US tax cuts not likely this year: Economists

-- 2017-11-18 10:55:58

US Republicans are not expected to push major tax cuts through Congress this year, according to a majority of economists in a Reuters poll. The optimism about a tax overhaul has helped push the US st...

Cattle rearing improves char people’s economic condition

Cattle rearing improves char people’s economic condition

-- 2017-11-18 05:55:26

Thousands of extremely poor people living in rural area, especially char areas of seven upazilas of Manikganj district have successfully overcome abject poverty through cattle head rearing. The domes...

S'pore suspends all trade with N Korea

S'pore suspends all trade with N Korea

-- 2017-11-17 12:00:00

Singapore has suspended trade relations with North Korea to cut commercial ties under toughening UN sanctions over its weapons programme. The move comes about two months after the United States imp...

SMEs to get $240m as loans

SMEs to get $240m as loans

-- 2017-11-17 12:00:00

Bangladesh Bank (BB) has created a US$240 million refinancing fund for providing loans to small and medium enterprises (SMEs) at low interest. "Asian Development Bank (ADB) will contribute $200 milli...

Singapore exports rise in Oct

Singapore exports rise in Oct

-- 2017-11-17 11:25:53

Singapore’s exports rose the most in 2-1/2 years in October, well over double expectations as surging sales to China helped more than recoup a decline the month. The affluent city state has ben...

NBR starts ‘tracking’ taxpayers’ money to ensure its proper use

NBR starts ‘tracking’ taxpayers’ money to ensure its proper use

FE Report 2017-11-17 10:40:45

The National Board of Revenue (NBR) has started 'tracking' the taxpayers' money to find out the process of its expenditure, said NBR chairman Md Nojibur Rahman on Thursday. The board is communicating...

NBR considering alternatives to boost revenue collection

NBR considering alternatives to boost revenue collection

-- 2017-11-17 08:19:14

National Board of Revenue (NBR) is putting emphasis on disposing of long-pending cases through Alternative Dispute Resolution (ADR) method to boost the revenue collection. The country's revenue colle...

China economy grows with ‘energy efficiency’

China economy grows with ‘energy efficiency’

-- 2017-11-17 03:12:51

China has managed to grow economy and improve energy efficiency at the same time, the country’s special representative on climate change affairs Xie Zhenhua said. He said the economic growth,...

US House approves tax bill

US House approves tax bill

Reuters 2017-11-17 01:45:55

Congressional Republicans took important steps on Thursday toward the biggest US tax-code overhaul since the 1980s, with the House of Representatives approving a broad package of tax cuts, and a Senat...

UK economic growth to lag peers

UK economic growth to lag peers

-- 2017-11-17 01:14:52

British economic growth will remain tepid over the coming few years, lagging well behind its peers, and could even be worse than economists polled by Reuters currently predict. Rather than sinking...