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Search results for: economy

UN official sees BD on right track to graduate from LDC status

UN official sees BD on right track to graduate from LDC status

FE Online Desk 2017-11-30 03:52:08

A United Nations high official has said that Bangladesh seems to be on the right track to graduate from the Least Developed Country (LDC) status within the targeted timeframe. Fekitamoeloa Utoikamanu...

Individual tax return submission time expires today

Individual tax return submission time expires today

FE Online Report 2017-11-29 12:00:00

The time for submission of tax returns by individual taxpayers is set to expire tomorrow (Thursday). The individual category taxpayers will have to pay 2.0 per cent monthly interest on the payable ta...

China to invest $2.3b in steel, power

China to invest $2.3b in steel, power

-- 2017-11-29 07:38:54

China’s Kunming Iron & Steel Holding Company Ltd. will invest $2.3 billion for setting up a steel factory and a power plant in either Maheshkhali or Mirsarai economic zone. Bangladesh Econ...

Philippine cbank expects 2.9-3.6pc inflation in Nov

Philippine cbank expects 2.9-3.6pc inflation in Nov

-- 2017-11-29 02:51:16

The Philippine central bank said on Wednesday that annual inflation in November was expected to be within a range of 2.9-3.6 per cent. The central bank hopes the inflation range with the impact of hi...

Mexican inflation ‘may not fall as forecast’

Mexican inflation ‘may not fall as forecast’

-- 2017-11-29 02:36:27

Mexico’s incoming central bank governor Alejandro Diaz de Leon on Tuesday said inflation may not fall as forecast. He said the inflation may steady because of recent and future shocks, laying o...

UK shop prices slip for third month

UK shop prices slip for third month

-- 2017-11-29 02:23:08

British shop prices edged down by an annual 0.1 per cent for the third month in a row during November, according to a survey. The survey chimed with the Bank of England’s thinking that inflatio...

Govt tightening EEF terms to ensure fund recovery

Govt tightening EEF terms to ensure fund recovery

Syful Islam 2017-11-29 01:29:00

  The government is set to toughen agreed commitments from borrowers of the Equity and Entrepreneurship Fund (EEF) to help recovery of funds in case of project failure. The government move cam...

NI-inspected 513 RMG units face closure

NI-inspected 513 RMG units face closure

Monira Munni 2017-11-28 12:00:00

Some 513 or one-third of the readymade garment (RMG) factories inspected under the national initiative (NI) have faced closure as they might have failed to compete in the market and comply with the re...

India's govt ‘wants rate cut’ before March

India's govt ‘wants rate cut’ before March

-- 2017-11-28 12:00:00

Indian finance ministry said that the government wants a rate cut sooner than that, putting a focus on the MPC meeting on Dec. 5-6, or when it next convenes in February. “We expect the RBI to c...

PM to launch RNPP construction Nov 30

PM to launch RNPP construction Nov 30

FE Report 2017-11-28 12:00:00

The government is all set to begin the construction phase of the 2,400 megawatt (MW) Rooppur Nuclear Power Plant (RNPP) with pouring the first nuclear concrete on Thursday (November 30). Prime Minist...

Govt okays Tk 23.12b project to rehabilitate Rohingyas

Govt okays Tk 23.12b project to rehabilitate Rohingyas

FE Online Report 2017-11-28 12:00:00

The government has approved a Tk 23.12 billion project to rehabilitate Rohingyas at Bhasanchar of Hatia in Noakhali district.  The Rohingyas will be rehabilitated at Bhasanchar on a temporary ba...

90m people alleviated from poverty: Muhith

90m people alleviated from poverty: Muhith

-- 2017-11-28 12:00:00

Nearly 90 million people have been alleviated from poverty line in the last eight years, claims Finance Minister AMA Muhith on Tuesday. "We've brought around 90 million people out of poverty line. B...

Sustainable economy must to realise SDGs: Inu

Sustainable economy must to realise SDGs: Inu

-- 2017-11-28 09:39:17

Information Minister Hasanul Haq Inu has said poverty alleviation and gender discrimination are the main barriers to achieving SDGs. To address these two key challenges he highlighted the involvement...

China's industrial profits surge in first 10 months

China's industrial profits surge in first 10 months

-- 2017-11-27 12:22:11

China's major industrial firms saw stronger profit growth, rose 23.3-per cent from one year earlier, in the first 10 months of this year, the National Bureau of Statistics (NBS) said Monday. Industr...

Government’s tax receipts fall Tk 33.55b short of Q1 target

Government’s tax receipts fall Tk 33.55b short of Q1 target

Doulot Akter Mala 2017-11-27 12:00:00

Tax-revenue collection fell short of the target by Tk 33.55 billion in the first quarter of the current fiscal year (FY). All of the three wings of the revenue board missed their respective targets i...

Rural tourism brings fortunes for China’s less-fortunate ones

Rural tourism brings fortunes for China’s less-fortunate ones

Jubair Hasan 2017-11-27 12:00:00

Rural or agriculture tourism has emerged as China's most effective weapon to fight out poverty by the target-year 2020, helping myriad people out of the vicious circle of misfortune. Not only is it i...

Govt always favours private sector promotions: PM

Govt always favours private sector promotions: PM

-- 2017-11-27 12:00:00

Prime Minister Sheikh Hasina on Monday said the government is always playing supportive role to promote the sector. Sheikh Hasina made the remarks while receiving blankets from the private sector com...

Bad loans worrisome for economy: ICC,B

Bad loans worrisome for economy: ICC,B

-- 2017-11-27 12:00:00

International Chamber of Commerce, Bangladesh (ICC,B) President Mahbubur Rahman has said continuous increase in bad loans is very alarming for the banking sector as well as the economy. "Because of b...

Surge in default loans 'alarming'

Surge in default loans 'alarming'

FE Report 2017-11-27 10:58:49

The rise in default loans is "alarming", says a study that favours effective use of audit committees by the private commercial banks and enlargement of their boards with experienced members as a remed...

Govt to issue three new bank licences

Govt to issue three new bank licences

-- 2017-11-27 09:49:08

Finance Minister AMA Muhith has revealed that the government is going to issue licenses for setting up three new banks. Removing all confusion over the permission of new banks, he categorically said,...

Global businesses look bullish about the road ahead

Global businesses look bullish about the road ahead

Reuters 2017-11-27 01:46:58

Businesses are heading into 2018 in a pretty optimistic mood, surveys will more than likely show in the coming week, pointing to a potential boost for already solid growth in the world’s biggest...

Muhith mulls Tk 4,680b budget for FY19

Muhith mulls Tk 4,680b budget for FY19

-- 2017-11-26 12:00:00

Finance Minister AMA has said that the outlay of the budget for the ensuing 2018-2019 financial year (FY19) may stand at Taka 4,680 billion. "We announced Taka 4,002.66 billion budget for the current...

Subsidy shrinkage soothes govt's FY17 budget-deficit burden

Subsidy shrinkage soothes govt's FY17 budget-deficit burden

Jasim Uddin Haroon 2017-11-26 12:00:00

Government subsidies shrank in 2016-17 for subdued demand from some sectors to the relief of fiscal administrators from budget-deficit burden, but economists foresee a reversal this year. Officials c...

Many MNCs, liaison offices dodge tax-return filing

Many MNCs, liaison offices dodge tax-return filing

Doulot Akter Mala 2017-11-26 12:00:00

Government's revenue authority plans a search as many foreign companies, including liaison and representation offices, allegedly dodge submission of tax returns despite doing income-generating activit...

China lowers import duties on consumer goods

China lowers import duties on consumer goods

-- 2017-11-26 12:00:00

China is cutting import tariffs on 187 consumer goods from whisky to cashmere clothing to help spur spending and economic growth. The Finance Ministry said tariffs will drop from an average 17.3 per...

Gold market dependent on smuggling: TIB

Gold market dependent on smuggling: TIB

-- 2017-11-26 12:00:00

The Transparency International Bangladesh (TIB) has claimed that gold market is dependent on smuggling. TIB Executive Director Iftekharuzzaman made the remarks while addressing a press conference at...

Ratings on India affirmed at 'BBB-/A-3', outlook stable

Ratings on India affirmed at 'BBB-/A-3', outlook stable

FE Online Desk 2017-11-25 12:08:42

  MUMBAI (S&P Global Ratings) Nov 25, 2017--S&P Global Ratings affirmed its unsolicited   long- and short-term foreign and local currency sovereign credit ratings on the Republic...

BD needs to raise its spending threefold

BD needs to raise its spending threefold

FE Report 2017-11-25 12:02:42

Bangladesh needs to increase its spending on water-related projects by more than three times or could face an annual GDP loss of 1.6-2 per cent due to climate change, a recent government planning docu...

Blue economy untapped, BEC yet to gather pace

Blue economy untapped, BEC yet to gather pace

-- 2017-11-25 12:00:00

Settling maritime disputes with India and Myanmar opened up new potentials for Bangladesh to tap ‘blue economy’. But, according to a UNB report, no substantial progress has been mad...

'Fake data'  a threat to economic and financial stability

'Fake data' a threat to economic and financial stability

FE Online Desk 2017-11-25 12:00:00

"Fake data" is as much of a threat to economic and financial stability as "fake news" is to politics, a leading European central banker said on Friday, reports Reuters. European Central Bank boar...