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Search results for: economy

Australian retail sales bounce in Oct

Australian retail sales bounce in Oct

-- 2017-12-05 03:33:44

Australian retail sales bounced in October after months of lukewarm demand, a bright sign for spending in the upcoming holiday season as Amazon.com Inc opened its doors for business Down Under. The r...

Nine banks' capital shortfall swells to Tk 177b in Q3

Nine banks' capital shortfall swells to Tk 177b in Q3

Siddique Islam 2017-12-04 12:00:00

Nine banks, four owned by the government, had an aggregate capital shortfall worth over Tk 177 billion at end of the third quarter (Q3) of the current calendar year as growing bad loans sapped their...

Britain to probe Brexit impact on drug sector

Britain to probe Brexit impact on drug sector

BBC 2017-12-04 12:00:00

Brexit may affect the cost of medicines and hit UK pharmaceutical investment, a Commons committee head has warned. Rachel Reeves, who chairs the Business, Energy and Industrial Strategy (BEIS) commit...

Bangabandhu hi-tech park to create 14,000 jobs

Bangabandhu hi-tech park to create 14,000 jobs

-- 2017-12-04 12:00:00

Bangabandhu Hi-tech Park will create 14,000 new jobs in Rajshahi. State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak said this while he was distributing rehabilitati...

Global ad costs to grow 4.1pc in 2018: Zenith

Global ad costs to grow 4.1pc in 2018: Zenith

Reuters 2017-12-04 12:00:00

Leading forecaster Zenith lowered its prediction for global advertising expenditure growth in 2018 to 4.1 per cent to reach $578 billion by the end of the year, with marginal downgrades in North Ameri...

BD's investment policy most liberal, PM tells Cambodian businessmen

BD's investment policy most liberal, PM tells Cambodian businessmen

-- 2017-12-04 12:00:00

Prime Minister Sheikh Hasina has said investment policy of Bangladesh is the most liberal in South Asia. “It (the policy) includes protection of foreign investment by law, generous tax holiday,...

IRRI claims rice research breakthrough after 9yrs

IRRI claims rice research breakthrough after 9yrs

-- 2017-12-03 12:00:00

The International Rice Research Institute (IRRI) has briefed Bangladesh's Agriculture Minister Matia Chowdhury about the groundbreaking progress of a new rice type. Experts say the new variety, once...

Foreign exchange reserves fall

Foreign exchange reserves fall

-- 2017-12-03 12:00:00

Bangladesh's foreign exchange reserves fell in November, although it rose by four per cent than that of previous year. November’s foreign exchange reserve fell to US$32.60 billion from the prev...

Foreign credit use to rise for financing budget deficit

Foreign credit use to rise for financing budget deficit

-- 2017-12-03 12:00:00

A top official in Dhaka has said that the government wants to increase the use of foreign credit in offsetting the budget deficit. Economic Relations Division (ERD) Secretary Kazi Shafiqul Azam on Su...

Bad debt grows faster than credit in Bangladesh!

Bad debt grows faster than credit in Bangladesh!

-- 2017-12-03 10:23:21

Only 20 per cent of the loans written off by banks in Bangladesh have been recovered in the last 12 years, says a new report. The study by LR Global Bangladesh says the country has the highest share...

Remittance inflow rises 4.47pc in Nov

Remittance inflow rises 4.47pc in Nov

-- 2017-12-03 08:47:39

The country's remittance inflow has witnessed a 4.47 per cent rise in the month of November compared with last month of October 2017.  The increase is 27.68 per cent higher than that of November...

Khulna receives 146,000 tax returns

Khulna receives 146,000 tax returns

-- 2017-12-03 08:22:24

The income tax zone in Khulna received a massive response from the individual taxpayers in the current fiscal year as the record numbers of return submission and revenue collection had been made. On...

Bangladesh slips one step in global entrepreneurship index

Bangladesh slips one step in global entrepreneurship index

FE Report 2017-12-02 12:00:00

Bangladesh fell one notch down the latest Global Entrepreneurship Index to 134th position among 137 countries taken for global ranking, indicating some drawback to the country's business environment....

JICA sees SPM pipeline as major obstacle to Matarbari seaport

JICA sees SPM pipeline as major obstacle to Matarbari seaport

Syful Islam 2017-12-02 12:00:00

The pipeline of single point mooring (SPM) will emerge as a major obstacle to the main channel of the proposed seaport in Matarbari area, Japan International Cooperation Agency (JICA) has informed the...

Canada’s economy cools in Q3

Canada’s economy cools in Q3

-- 2017-12-02 11:34:09

The Canadian economy slowed in the third quarter after a hot first half of the year as exports tumbled, but an acceleration in hiring and wage growth last month was seen giving the central bank reason...

NBR collects Tk 42.81b income tax until Nov 30

NBR collects Tk 42.81b income tax until Nov 30

FE Report 2017-12-02 09:47:19

The National Board of Revenue (NBR) received over Tk 42.81 billion (4,281.32 crore) as income tax until November 30, 2017, up by 28.37 per cent over the corresponding time of 2016. A total of 15,56,6...

'Extend bond facility to potential non-RMG sectors too'

'Extend bond facility to potential non-RMG sectors too'

FE Report 2017-12-01 12:00:00

Speakers at a roundtable recommended Thursday the government to offer uniform incentives, including the bonded warehouse facility, to the non-readymade garment sector to help diversify export items....

WB to help introduce direct cash delivery by banks

WB to help introduce direct cash delivery by banks

FHM Humayan Kabir 2017-12-01 12:00:00

The World Bank (WB) would assist in rebuilding the system of government cash transfers under the social-safety-net programme (SSNP), introducing direct delivery by banks to recipients to end irregular...

Jewellery sector in jeopardy as artisans opt out

Jewellery sector in jeopardy as artisans opt out

-- 2017-12-01 12:00:00

Many goldsmiths and artisans are leaving their job or migrating to India as the demand for gold ornaments falls and the wages decline. The mass opt-out of the goldsmiths and artisans has put the coun...

Japan Oct CPI edges up

Japan Oct CPI edges up

-- 2017-12-01 12:00:00

The core consumer prices in Japan rose in October from a year earlier, marking the 10th straight month of gains, but a narrower measure that excludes energy showed inflation has not accelerated for th...

Entrepreneurs should supplement economic growth, urges Tofail

Entrepreneurs should supplement economic growth, urges Tofail

-- 2017-12-01 07:40:57

Commerce Minister Tofail Ahmed on Friday urged private sector entrepreneurs to add-on to the government's efforts to build a self-sufficient economy. The minister said it while speaking as chief gue...

Ireland’s manufacturing output surge

Ireland’s manufacturing output surge

-- 2017-12-01 02:42:51

Ireland’s manufacturing output growth accelerated in the three months to November, surged to an 18-year high, a survey showed on Friday. The output seen higher, with strong new orders at home...

China factory growth slows in Nov: Caixin PMI

China factory growth slows in Nov: Caixin PMI

-- 2017-12-01 02:35:09

China’s manufacturing activity grew at the weakest pace in five months in November as input costs remained high and tougher pollution measures weighed on business confidence, survey showed. The...

India's economy grows 6.3pc in Q3

India's economy grows 6.3pc in Q3

-- 2017-12-01 02:24:50

India's economic growth bounced back in the second quarter (July-September), grew 6.3 per cent in the Q2 from a year earlier, government data showed on Thursday. Gross domestic product (GDP) grew fas...

SoEs' profit fall squeezes FY17 revenue earnings

SoEs' profit fall squeezes FY17 revenue earnings

Jasim Uddin Haroon 2017-11-30 12:00:00

Country's revenue from the second-biggest source shrank in 2016-17 as receipts from dividends and profits of the state-owned enterprises (SoEs) fell over 29 per cent short of Tk 323.50-billion target....

Yellen reiterates gradual rate hike path

Yellen reiterates gradual rate hike path

-- 2017-11-30 12:00:00

US Federal Reserve Chair Janet Yellen reiterated that the low inflation might reflect transitory factors and expected inflation will move up to 2.0 per cent target over the medium term. She said that...

Bangladesh needs to highlight LDC advantages: Experts

Bangladesh needs to highlight LDC advantages: Experts

FE Online Report 2017-11-30 12:00:00

Bangladesh should discuss its advantage as both an Least Developed Country (LDC) and non-LDC prospective in the upcoming WTO ministerial in Buenos Aires, said participants at a dialogue on Thursday. &...

Thirty global firms to supply LNG to BD from spot mkts

Thirty global firms to supply LNG to BD from spot mkts

M Azizur Rahman 2017-11-30 11:44:21

Bangladesh has selected 30 firms and their consortia from different countries across the globe to source LNG (liquefied natural gas) from spot markets to ensure availability of the energy. The Rupant...

‘Asia can attain sustainable growth thru’ SMEs’

‘Asia can attain sustainable growth thru’ SMEs’

-- 2017-11-30 07:14:24

Asian countries can achieve higher economic growth if they take innovation steps to develop Small and Medium Enterprises (SMEs), said Industries Minister Amir Hossain Amu. "SMEs considered as a vital...

NBR secures copyright of 'Tax ID Card'

NBR secures copyright of 'Tax ID Card'

-- 2017-11-30 06:45:32

The National Board of Revenue (NBR) has secured the copyright of 'Tax ID Card', a creative innovation of the revenue authorities to honour taxpayers in the country. The copyright office of the Cultu...