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Search results for: economy

Leather tech  fair opens

Leather tech fair opens

FE Report 2017-11-17 01:12:13

A three-day exposition on leather, leather goods and footwear sector titled 'LEATHERTECH Bangladesh 2017' began in the city on Thursday aiming to bring global technologies to the doorstep of the loc...

Big nations losing faith  in S Asia regional entity

Big nations losing faith in S Asia regional entity

Asjadul Kibria from Kathmandu 2017-11-17 01:08:53

Eminent economist Prof Rehman Sobhan observed on Thursday that larger members of the South Asia are losing faith in the regional entity and looking for alternative groupings. "The very idea of a So...

BD to be leading actor in global  footwear market, say experts

BD to be leading actor in global footwear market, say experts

FE Report 2017-11-16 12:47:38

Commerce Minister Tofail Ahmed, flanked by other dignitaries, poses for a photograph during the inauguration of the 36th International Footwear Conference (IFC) 2017 of the Confederation of Internatio...

Philippine economy grows 6.9pc in Q3

Philippine economy grows 6.9pc in Q3

-- 2017-11-16 12:35:40

The Philippine economy grew at a faster than expected 6.9 per cent annual pace in the third quarter, helped by increased public spending on pay hikes for government personnel, officials said Thursday....

Lenders oppose WB move to make movables into surety

Lenders oppose WB move to make movables into surety

Jasim Uddin Haroon 2017-11-16 12:00:00

A World Bank move to make intangible movables such as 'accounts receivables', 'intellectual property', 'derivatives products' into collateral against credits faced opposition from lenders in Banglades...

Uncertainty still hovers over Padma rail link

Uncertainty still hovers over Padma rail link

Munima Sultana 2017-11-16 12:00:00

Financing Padma rail link, part of a dream project on communications infrastructure, still looks uncertain as the designated Chinese bank delayed signing loan agreement, sources said. They said Bangl...

Record 4.96m tonnes of vegetables produced in FY17: BBS

Record 4.96m tonnes of vegetables produced in FY17: BBS

-- 2017-11-16 09:13:44

Country has witnessed a record production of over 4.96 million tonnes of vegetables in the last fiscal year (FY17), up by 300,000 tonnes from previous fiscal year (FY16), according to Bangladesh Burea...

Amu for SME research centre among D-8

Amu for SME research centre among D-8

-- 2017-11-16 07:11:54

A research centre on small and medium enterprises (SME) is essential to further develop the sector among the D-8 member countries. Industries Minister Amir Hossain Amu opined this on Thursday while s...

Food production drops by 943,000 tonnes: BBS

Food production drops by 943,000 tonnes: BBS

-- 2017-11-16 05:31:39

Untimely floods in Bangladesh have caused food production to drop by 943,000 tonnes in fiscal 2016-17, says the government. The figures by Bangladesh Bureau of Statistics were revealed at a media bri...

China's outbound investment falls in Jan-Oct

China's outbound investment falls in Jan-Oct

-- 2017-11-16 02:09:17

China’s non-financial outbound direct investment from January to October fell 40.9 per cent year-on-year to $86.31 billion, the Ministry of Commerce said on Thursday. Outbound investment in Oct...

French jobless rate rises to 9.7pc

French jobless rate rises to 9.7pc

-- 2017-11-16 01:58:20

France’s unemployment rate rose to 9.7 per cent in the third quarter, from 9.5 per cent in the previous quarter, data published by the INSEE national statistics office on Thursday. Although une...

BGMEA requests govt to form wage board for RMG workers

BGMEA requests govt to form wage board for RMG workers

Monira Munni 2017-11-15 12:00:00

A move has been initiated to raise the minimum monthly wages of the workers of the country's ready-made garment sector in line with a provision of the labour law. This, industry insiders say, would...

Trade cost cut lies at core of regional integration

Trade cost cut lies at core of regional integration

Asjadul Kibria 2017-11-15 12:00:00

It is cheaper for Sri Lanka to trade with Brazil than Nepal which is geographically much more closer. High trade cost due to lack of better connectivity bars Sri Lanka and Nepal from expanding their b...

Bangladesh further down in wealth distribution report

Bangladesh further down in wealth distribution report

-- 2017-11-15 12:00:00

The citizens of Bangladesh with some other low-income countries in Asia have slid further down the wealth distribution pyramid, reveals a study. According to the latest Credit Suisse Global Wealth Re...

July-Oct witnesses only 14.51pc ADP implementation

July-Oct witnesses only 14.51pc ADP implementation

-- 2017-11-15 08:38:40

The implementation rate of the Annual Development programme (ADP) during the July-October period of the current fiscal year (FY18) reached 14.51 per cent with an expenditure of Tk 238.15 billion. The...

15 mills produce 60,000 tonnes sugar: Amu

15 mills produce 60,000 tonnes sugar: Amu

-- 2017-11-15 05:42:36

The country has produced nearly 60,000 tonnes of sugar in the last fiscal 2016-2017, said Industries Minister Amir Hossain Amu. "The 15 sugar mills across the country produced 59,984.55 tonnes sugar...

Economy underperforms for some shortcomings

Economy underperforms for some shortcomings

FE Report 2017-11-14 12:13:28

Bangladesh economy goes on underperforming for some limiting factors like infrastructure deficits, and gas and power problems, notwithstanding some progressive growth, says a premier trade body. The...

GDP growth 7.28pc in 2016-17

GDP growth 7.28pc in 2016-17

-- 2017-11-14 12:00:00

The GDP growth and per capita income for FY2017 are slightly higher than previous estimates. Bangladesh’s economic growth accelerated to 7.28 per cent in the year to June 30, Planning Minister...

IATA to help BD aviation sector grow

IATA to help BD aviation sector grow

-- 2017-11-14 12:00:00

IATA (International Air Transport Association) has expressed its keen interest to provide all kinds of cooperation in further development of Bangladesh’s aviation sector. The association’...

Remittance surge by 6.9pc in four months

Remittance surge by 6.9pc in four months

-- 2017-11-14 09:02:05

Remittance in the first four months of current fiscal surpassed last fiscals corresponding period by a decent amount. Finance Minister Abul Mal Abdul Muhith said this to treasury bench lawmaker M Mam...

GDP growth 7.28pc, per capita income $1,610

GDP growth 7.28pc, per capita income $1,610

FE Online Report 2017-11-14 07:49:16

The Bangladesh economy has recorded 7.28 per cent growth in the 2016-17 financial year (FY), a 0.04 percentage points up from the provisional data which was released six months ago. Official data rel...

Italy’s WC flop to cost economy €1b

Italy’s WC flop to cost economy €1b

-- 2017-11-14 07:39:43

Italy national team’s failure to qualify for the for the World Cup for the first time in 60 years is set to cost the economy of the country heavily. Former Comitato Olimpico Nazionale Italiano...

ECNEC clears ‘Sheikh Hasina Cantonment’ project

ECNEC clears ‘Sheikh Hasina Cantonment’ project

-- 2017-11-14 02:44:01

The government has initiated a project to set up ‘Sheikh Hasina Cantonment’ on a 965-acre land at Lebukhali along the Payra River in Barisal involving an estimated cost of Tk 16.99 billion...

China economy cools again

China economy cools again

-- 2017-11-14 02:15:52

China’s economy cooled again in October, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory pol...

Raw materials shortage  hits home textile, terry  towel industry

Raw materials shortage hits home textile, terry towel industry

Monira Munni 2017-11-13 12:37:54

  The country's terry towel, home textile and rotor spinning mills have been facing an acute shortage of raw materials -- cotton and garment waste -- which, industry insiders apprehend, will dee...

NCC Bank holds workshop on  online forex transaction

NCC Bank holds workshop on online forex transaction

FE Online Desk 2017-11-13 12:31:13

  NCC Bank Training Institute arranged a day-long workshop on "Online Foreign Exchange Transaction Reporting" for its officers' of Head Office and branches recently. Managing Director & C...

Raw materials shortage hits home textile, terry towel industry

Raw materials shortage hits home textile, terry towel industry

Monira Munni 2017-11-13 12:00:00

The country's terry towel, home textile and rotor spinning mills have been facing an acute shortage of raw materials -- cotton and garment waste -- which, industry insiders apprehend, will deepen if t...

Consumer trust is in short supply in APAC mkts

Consumer trust is in short supply in APAC mkts

FE Online Desk 2017-11-13 12:00:00

The severity of fraud in Asia Pacific is highly evident. One in five people have encountered fraud directly, while one in three people or their loved ones have been affected. The high levels of f...

Tofail seeks more Singaporean investment in EZs

Tofail seeks more Singaporean investment in EZs

-- 2017-11-13 12:00:00

As government allows 100 per cent foreign investments in Bangladesh’s economic zones, keeping that into consideration, Singaporean entrepreneurs are most welcome to invest in the EZs. Commerce...

Banks lack remedial strategy while NPL rises worryingly

Banks lack remedial strategy while NPL rises worryingly

Mehdi Musharraf Bhuiyan 2017-11-12 12:00:00

Some of Bangladesh's banks don't have 'in-depth' look into the problem of spiraling non-performing loans (NPL) while many others try to frame remedial strategies perfunctorily. Such observations came...