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Search results for: economy

Tk 19.1b 'Tantpalli' project on cards

Tk 19.1b 'Tantpalli' project on cards

-- 2017-10-22 12:00:00

The government plans to take a Tk 19.11 billion 'Tantpalli' project on 120 acres of land in Madaripur and Shariatpur districts, reports a news agency. "After implementation of the project, one milli...

Rohingya SIM sale continues unabated defying ban

Rohingya SIM sale continues unabated defying ban

-- 2017-10-22 12:00:00

A good number of Rohingya people living in makeshift camps in Cox's Bazar have purchased Bangladeshi subscriber identification modules (SIMs), defying a government ban. Sikandar, 22, a Rohingya refug...

October 1-13 remittance earnings $566.57 million

October 1-13 remittance earnings $566.57 million

-- 2017-10-22 11:29:19

The country received $566.57 million in remittance in the first 13 days of the current month of October. Bangladesh Bank statistics show maximum remittance came through private commercial banks as th...

Credit growth outpaces deposits

Credit growth outpaces deposits

Siddique Islam 2017-10-22 10:52:46

Overall deposit growth in the banking sector recorded a falling trend recently while credit growth increased significantly, indicating a strong possibility of a tight liquidity situation in the near f...

NBL arranges training event on prevention of money laundering

NBL arranges training event on prevention of money laundering

FE Online Desk 2017-10-22 10:40:43

National Bank Ltd recently organised a training programme on ‘Prevention of Money Laundering & Combating the Financing of Terrorism’ for nominated officials of all scheduled commercial...

British government borrowing at lowest September level for 10 years

British government borrowing at lowest September level for 10 years

BBC 2017-10-22 10:38:52

Britain saw its smallest budget deficit for any September in the last 10 years, according to official figures. Last month's deficit stood at £5.902 billion, down almost 11 per cent compared wit...

Oil heads towards for weekly loss on profit-taking

Oil heads towards for weekly loss on profit-taking

-- 2017-10-21 12:36:39

LONDON, Oct 20 (Reuters): Oil prices fell on Friday and were set for a weekly loss as investors sought to book profits, despite tensions in the Middle East that have slashed supplies of crude. Brent...

Urgent rice import may widen govt budget deficit

Urgent rice import may widen govt budget deficit

Jasim Uddin Haroon 2017-10-21 12:00:00

An unanticipated hefty spending on government-level rice procurement for food security amid market upswings is set to widen country's budget deficit, sources said. The directorate general of food too...

Green Delta Ins settles claim of Brac Bank SME

Green Delta Ins settles claim of Brac Bank SME

FE Online Desk 2017-10-21 12:00:00

Green Delta Insurance held a claim cheque handover ceremony at the head office of the company recently to settle a claim of BRAC Bank SME. Chief Guest of the event was Mr. Md. Shafiqur Rahman Patwary,...

Bangladeshis among dead in Malaysia landslide

Bangladeshis among dead in Malaysia landslide

Reuters 2017-10-21 12:00:00

Three foreign workers including Bangladeshis died and 11 others went missing after a landslide at a construction site in George Town, the capital of northwest Malaysian state of Penang. Authorit...

Indian agri events in BD in Dec

Indian agri events in BD in Dec

-- 2017-10-21 11:30:51

An Indian apex trade organisation has chalked out a plan to organise product promotion events in Dhaka and Sylhet in the first week of ensuing December. The organisation called Agricultural and Proce...

Complexity over commission payment delays Japanese ODA loan release

Complexity over commission payment delays Japanese ODA loan release

Rezaul Karim 2017-10-21 09:57:48

Release of nearly US$ 1.64 billion worth of pledged Japanese ODA loans for Bangladesh's six projects is being delayed due to complexity arisen over the payment of bank commission, officials said. "A...

NBR exempts physical inspection of export goods until June next

NBR exempts physical inspection of export goods until June next

Doulot Akter Mala 2017-10-20 11:42:43

Exporters will be allowed to get duty drawback without physical inspection of goods as the National Board of Revenue (NBR) relaxed a mandatory provision of a law in this regard recently. The exemptio...

16th amendment verdict: Committee formed to file review

16th amendment verdict: Committee formed to file review

-- 2017-10-20 09:11:52

A 11-member committee has been formed led by the Attorney General Mahbubey Alam for filing a review petition against the Supreme Court's 16th amendment verdict, reports UNB. Attorney General Mahbubey...

China posts solid economic growth in Q3

China posts solid economic growth in Q3

-- 2017-10-20 02:25:37

China posted relatively solid economic growth in the third quarter (Q3), driven by a stronger services industry, data showed on Friday. China’s property sector grew 3.9 per cent in the Q3 from...

India’s tightened consumer goods standards could hurt China imports

India’s tightened consumer goods standards could hurt China imports

Reuters 2017-10-19 12:00:00

India is tightening quality controls for consumer and capital goods, officials say, a move that follows calls to curb cheap imports from China amid diplomatic tensions between the world's two most pop...

Govt hints at reconsidering spectrum conversion fee

Govt hints at reconsidering spectrum conversion fee

-- 2017-10-19 12:00:00

The spectrum conversion fee for technology neutrality of mobile phone operators might be reconsidered ahead of introducing 4G (fourth generation) service in the country in ensuing December. "We are m...

Alliance to leave after May, Accord gets six months more

Alliance to leave after May, Accord gets six months more

-- 2017-10-19 12:00:00

Accord and Alliance, the two western buyers' platforms working to improve workplace safety in the Bangladesh readymade garment (RMG) sector, will leave the country at the end of their tenure on May 31...

5.0m mts petroleum import likely next year

5.0m mts petroleum import likely next year

-- 2017-10-19 11:40:13

The government has set a target to import about 5 million metric tonnes of different petroleum fuels for the year 2018 against the country's demand for 5.752 million mts. The remaining 752,000 mts wi...

China’s economy grow 6.8pc in Q3

China’s economy grow 6.8pc in Q3

-- 2017-10-19 10:52:47

China’s economy grew at 6.8 per cent in the third quarter year-on-year, down marginally from the previous quarter's 6.9 per cent, government data showed Thursday. The second largest econom...

Govt to provide broadband to every union next year: Joy

Govt to provide broadband to every union next year: Joy

-- 2017-10-19 09:53:54

Prime Minister's Information and Communication Technology Affairs Adviser Sajeeb Wazed Joy today expressed the hope that the government will provide high speed broadband internet service to every unio...

Oil slips but holds most recent  gains on expected OPEC cuts

Oil slips but holds most recent gains on expected OPEC cuts

-- 2017-10-19 09:16:36

LONDON, Oct 19 (Reuters): Oil prices slipped on Thursday but held onto most recent gains, supported by OPEC-led supply cuts, tension in the Middle East and lower US production. Brent crude LCOc1 was...

Thrust on planned housing in rural areas

Thrust on planned housing in rural areas

-- 2017-10-19 08:32:51

Housing and Public Works Minister Mosharraf Hossain has stressed the need for taking initiatives to set up planned housing in rural areas, aiming to protect arable land. "It's learnt that at least 23...

Move to reverse remittance fall

Move to reverse remittance fall

Siddique Islam 2017-10-18 12:00:00

Bangladesh Bank advised the banks which have exchange houses abroad to appoint agents in the respective countries to help prop up falling inward remittances. All banks have also been asked to extend...

Inflation hits two-year-high at 6.12pc

Inflation hits two-year-high at 6.12pc

FE Report 2017-10-18 12:00:00

The point-to-point inflation rate hit the two-year-high of 6.12 per cent in last month (September), mainly due to rise in the prices of some food and non-food items, officials said. The Bangladesh Bu...

Jamuna Bank, Silkways Card ink deal

Jamuna Bank, Silkways Card ink deal

FE Online Desk 2017-10-18 12:00:00

An agreement was signed between Jamuna Bank and Silkways Card & Printing Ltd.  (Silkcard) recently for Card Personalising Service. Under this agreement, Jamuna Bank will personalise all types...

Mastercard holds global risk leadership confce

Mastercard holds global risk leadership confce

FE Online Desk 2017-10-18 12:00:00

A group of high officials from Mastercard’s Member Banks and Financial Institutions in Bangladesh recently attended the Mastercard Global Risk Leadership Conference-Asia Pacific at Capella Sento...

China’s GDP rises to $12.1t  in five years: Xi Jinping

China’s GDP rises to $12.1t in five years: Xi Jinping

-- 2017-10-18 12:00:00

President Xi Jinping said China has maintained its position as the world’s second largest economy and contributed more than 30 per cent of global economic growth. China’s GDP rose from 54...

Online tax return filing yet to gather pace

Online tax return filing yet to gather pace

Doulot Akter Mala 2017-10-18 10:37:43

The revenue board found its online system for submission of income-tax returns largely forlorn and went on a mass campaign for teaching taxpayers how to do it. Sources said less than 100 taxpayers s...

Income inequality widens further

Income inequality widens further

FE Report 2017-10-18 09:31:16

Income inequality in Bangladesh has widened further despite decline in the rate of poverty, dropping to 24.3 per cent last year from 31.5 per cent six years back. Official findings in the Household I...