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Search results for: economy

BB cuts lending rate for FSSP fund

BB cuts lending rate for FSSP fund

-- 2017-11-01 12:00:00

Bangladesh Bank (BB) has cut the interest rate for the Long Term Financing Facility (LTFF) under the Financial Sector Support Project (FSSP). Under the FSSP fund for long-term financing, the banks ca...

Mexico economy likely shrank in Q3

Mexico economy likely shrank in Q3

-- 2017-11-01 11:02:56

Mexico’s economy likely shrank for the first time in more than four years during the third quarter (Q3), after the country was battered by earthquakes and hurricanes in September. Gross Domesti...

America’s Chevron comes first under taxmen’s file search

America’s Chevron comes first under taxmen’s file search

 Doulot Akter Mala 2017-11-01 09:35:55

Taxmen started checking payroll status of foreign workers in Bangladesh through visiting corporate taxpayers' offices, and an oil giant came first under the probe. A taskforce team of the National B...

Muhith wants ICT use for region’s development

Muhith wants ICT use for region’s development

-- 2017-11-01 08:01:30

Finance Minister AMA Muhith has urged all concerned to utilise the power of ICT for development of Asia-Pacific region. "ICT is not only a communication instrument, but also an innovative idea for de...

China- ESCAP to strengthen PPP in Asia-Pacific

China- ESCAP to strengthen PPP in Asia-Pacific

FE Online Report 2017-11-01 02:31:01

China and the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) have signed a new agreement to strengthen Public Private Partnership (PPP) in the region. They inked the d...

ICC-B chief for private sector's  working with int'l bodies, govts

ICC-B chief for private sector's working with int'l bodies, govts

FE Report 2017-11-01 01:32:09

The 13th meeting of ESCAP Business Advisory Council (EBAC) in progress in Bangkok on Monday, presided over by EBAC Chairman Mr. Mahbubur Rahman (2nd from left). Also seen in the picture (from L-R) are...

Bangladesh Bank urges banks to act cautiously

Bangladesh Bank urges banks to act cautiously

FE Report 2017-10-31 12:00:00

The Bangladesh Bank (BB) has advised the commercial banks to act cautiously, particularly in operating their offshore banking units (OBUs), to avert possible exchange rate risk in future. The banks,...

BD export earnings may slow down: UNESCAP

BD export earnings may slow down: UNESCAP

FE Online Report 2017-10-31 12:00:00

Growth of earnings from the merchandise export in Bangladesh may slow down in the next year, according to the latest forecast of the United Nations Economic and Social Commission for Asia and the Paci...

Maiden railway carriage plant in the making

Maiden railway carriage plant in the making

FHM Humayan Kabir 2017-10-31 12:00:00

Bangladesh's maiden railway carriage-production plant is going to be established at Syedpur hub to meet a growing demand of the popular mass transport, now up for expansion. Officials said Monday the...

Tk 17.30b project for rural bazaar dev

Tk 17.30b project for rural bazaar dev

-- 2017-10-31 12:00:00

The Executive Committee of the National Economic Council (ECNEC) has approved the 'Development of infrastructures of countrywide rural bazaars' involving an estimated cost of Tk 17.30 billion. Under...

BD 177th in ease of doing business ranking

BD 177th in ease of doing business ranking

FE Online Report 2017-10-31 12:00:00

Bangladesh has been ranked 177th among 190 economies across the world in the latest tally of ease of doing business, prepared by The World Bank. The report shows the country actually slipped one step...

Thrust on infrastructure development to attract FDI

Thrust on infrastructure development to attract FDI

-- 2017-10-31 12:00:00

Experts at a discussion in Dhaka have said infrastructure development is urgently needed to invite foreign investment to Bangladesh. They said if it could be ensured, more foreign investors will show...

Brexit 'jeopardises' 75,000 UK jobs

Brexit 'jeopardises' 75,000 UK jobs

BBC 2017-10-31 10:37:15

The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain's departure from the European Union. I understand senior figures at the Bank are using the nu...

DTCA amending metro law to suit subway construction

DTCA amending metro law to suit subway construction

Munima Sultana 2017-10-31 10:09:47

Within over two years of enactment, the Mass Rapid Transit (MRT) Act is being amended to suit construction of subway as government high-ups want the high-speed train lines installed underground. Offi...

PM urges businesses to look  at South, SE Asian markets

PM urges businesses to look at South, SE Asian markets

-- 2017-10-30 12:51:13

Prime Minister Sheikh Hasina has said her government is encouraging the businesspeople to make more investment for further development of the country. She said South Asia as a whole is a big market....

Development fair kicks off

Development fair kicks off

-- 2017-10-30 12:50:18

A six-day 'Development Fair' of Palli Karma Sahayak Foundation's (PKSF) kicked off in Dhaka on Sunday in a bid to help expand market for products produced at marginal level by the people involved with...

US anti-dumping duties on Chinese  aluminium foil anger Beijing

US anti-dumping duties on Chinese aluminium foil anger Beijing

-- 2017-10-30 12:48:55

BEIJING, Oct 29 (Reuters): China said it was 'strongly dissatisfied' with the US decision to impose anti-dumping duties ranging from 97 per cent to 162 per cent on Chinese aluminium foil, urging Washi...

Farmers face economic crisis  due to sharp price fall

Farmers face economic crisis due to sharp price fall

Rafiqul Islam 2017-10-30 12:47:45

KHULNA, Oct 29: Prices of shrimp (galda) have been declined around 50 per cent in the international market. Exporters are also experiencing internal problems. As a result, they are trying to recover t...

Top US delegation to visit Myanmar, Bangladesh

Top US delegation to visit Myanmar, Bangladesh

FE Online Desk 2017-10-30 12:00:00

A top US delegation is going to visit Myanmar and Bangladesh to resolve the Rohingya crisis stemming from the persistent persecution of them in the former's western Rakhine state. Acting Assistant S...

Bernicat asks BD to remove trade-related barriers

Bernicat asks BD to remove trade-related barriers

-- 2017-10-30 12:00:00

US ambassador in Dhaka Marcia Stephens Bloom Bernicat has said that Bangladesh needs to take steps for removal of some major barriers in a bid to attract foreign direct investment (FDI). In this rega...

BB, banks review cheaper forex loan situation

BB, banks review cheaper forex loan situation

Siddique Islam 2017-10-30 12:00:00

The central bank is scheduled to meet top executives of 29 commercial banks today to review the credit exposure of offshore banking units (OBUs) of the banks as well as the overall credit and deposit...

Govt warns FIs of cyber espionage

Govt warns FIs of cyber espionage

-- 2017-10-30 12:00:00

The country’s all financial institutions (FIs) have been asked to take preventive measures in a bid to secure their online activities including financial transaction. The government instruction...

Dhaka, Beijing ink SPM loan deal

Dhaka, Beijing ink SPM loan deal

FE Report 2017-10-30 10:40:54

State minister for Power, Energy and Mineral Resources Nasrul Hamid sought Chinese assistance to implement the power and energy projects for boosting the country's economy. "Bangladesh currently requ...

EZ industries to pay duty, taxes on imports for selling goods locally

EZ industries to pay duty, taxes on imports for selling goods locally

Doulot Akter Mala 2017-10-30 09:54:55

Industries set up in the country's economic zones (EZs) are now required to pay duty and taxes on imported raw materials if they sell their finished products in the domestic market. The same industri...

Sub-Saharan Africa economic growth to rise 3.4pc: IMF

Sub-Saharan Africa economic growth to rise 3.4pc: IMF

-- 2017-10-30 04:26:20

Sub-Saharan African economic growth is expected to rise to 3.4 per cent in next year from 2.6 per cent in 2017, International Monetary Fund (IMF) said in a report on Monday. The IMF warned that risin...

Most land customs stations prove do-nothings

Most land customs stations prove do-nothings

Doulot Akter Mala 2017-10-29 12:00:00

Nearly 80 per cent of the country's land customs stations currently lie as do-nothings for lack of export-import operations, in a sheer waste of public money, sources said. The number of active Land...

Seven Rings Cement honours 15 govt entities

Seven Rings Cement honours 15 govt entities

FE Online Desk 2017-10-29 12:00:00

Seven Rings Cement, a sister concern of Hong Kong-based Shun Shing Group International Ltd. (SSGIL) recently arranged a programme titled “Tribute to Nation Builders” at Radission Blue Dhak...

Bangladesh-India opens new sea route

Bangladesh-India opens new sea route

-- 2017-10-29 12:00:00

A new sea route between Bangladesh and India was inaugurated on Saturday, by sailing a RORO ship carrying 185 trucks from Chennai Port to Mongla Port.   India’s Minister of Shipping,...

Mannan hints at reforming business policy

Mannan hints at reforming business policy

-- 2017-10-29 12:00:00

State Minister for Finance and Planning MA Mannan has termed the Bangladesh economy a private sector-led one and said the business policy will be reformed following consultations with the stakeholders...

Focus on framework to boost private sector

Focus on framework to boost private sector

-- 2017-10-29 11:56:14

Bangladesh needs internal institutional framework and stable energy policy to boost private sector for overall economic development. Experts made the remarks at a seminar organised by Dhaka Chamber o...