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Search results for: economy

Home ministry to buy Tk 2.0b data interceptor

Home ministry to buy Tk 2.0b data interceptor

FE Report 2019-08-08 10:04:28

The government approved the procurement of another vehicle-mounted data interceptor for the ministry of home affairs under the direct purchase method. The cabinet committee on economic affairs gave t...

China's agriculture sector sees rapid growth over past 70 years

China's agriculture sector sees rapid growth over past 70 years

Xinhua 2019-08-07 18:09:19

China's agriculture sector has seen rapid growth over the past 70 years, with grain output expanding 4.8 times, according to a report from the National Bureau of Statistics (NBS). China's grain outpu...

MPS has set the lower private sector credit growth target: IBFB

MPS has set the lower private sector credit growth target: IBFB

FE Online Desk 2019-08-07 17:16:31

International Business Forum of Bangladesh (IBFB) said the Monetary Policy Statement (MPS) has set the lower private sector credit growth target which will affect the industrial production and employm...

Malaysia int'l reserves rise marginally to $103.9b

Malaysia int'l reserves rise marginally to $103.9b

Xinhua 2019-08-07 15:41:55

Malaysia's central bank Bank Negara Malaysia has said that its international reserves stood at 103.9 billion US dollars as of July 31. The reserves were 0.6 per cent higher compared with $103.3 bil...

Mannan warns on third-time revision of dev projects

Mannan warns on third-time revision of dev projects

FE Report 2019-08-07 10:28:19

The Planning Commission (PC) is going to be tough on the public agencies which revise their development projects repeatedly. Planning Minister MA Mannan warned on Tuesday the public agencies which ar...

US plan to contain China’s rise would end in failure: Experts

US plan to contain China’s rise would end in failure: Experts

Global Times 2019-08-06 17:40:35

Washington's plans to contain China's economy would end in failure and the price to be paid by the US will far exceed its imagination as it provokes a massive trade war, Chinese experts warned on Tues...

US service sector growth hits three-year low

US service sector growth hits three-year low

-- 2019-08-06 14:25:16

The US non-manufacturing sector in July expanded at the slowest pace in nearly three years, the Institute for Supply Management (ISM) has said. The non-manufacturing index (NMI), which gauges the per...

BD sees boom in remittances ahead of Eid

BD sees boom in remittances ahead of Eid

FE Online Desk 2019-08-06 14:06:15

Bangladeshi expatriates sent home 1.56 billion US dollars in July, the first month of the current 2019-20 fiscal year, a central bank official has said. This amount is up by 21.20 per cent from $1.32...

NBR wants BEZA to exclude essential goods from tax incentive package

NBR wants BEZA to exclude essential goods from tax incentive package

Doulot Akter Mala 2019-08-06 10:24:51

The National Board of Revenue (NBR) has decided to put forward a proposal to Bangladesh Economic Zones Authority (BEZA) for exclusion of essential consumer goods from its tax incentive package. The...

Authorities meet on 2.0pc incentives for remitters

Authorities meet on 2.0pc incentives for remitters

FE Report 2019-08-06 10:06:04

Authorities concerned met on Monday in the wake of an announcement in the budget to grant 2.0 per cent incentives for remitters as part of its efforts to encourage them to send money through the ban...

Borrowing limit from call money market to increase from September

Borrowing limit from call money market to increase from September

-- 2019-08-05 19:24:43

The Bangladesh Bank has increased the borrowing limit from inter-bank call money market. Financial institutions can borrow maximum 40 per cent of their equity from September 1, 2019, according to a B...

Taiwan July exports seen stable

Taiwan July exports seen stable

-- 2019-08-05 14:13:15

Taiwan’s exports likely rose 0.5 per cent in July from a year earlier, logging a second straight month of growth, according to the median forecast of 15 analysts polled by Reuters. The island&r...

'BB circular soon for implementing single-digit interest rates'

'BB circular soon for implementing single-digit interest rates'

-- 2019-08-04 21:25:48

The Bangladesh Bank will issue a circular immediately asking the scheduled banks to ensure single-digit interest rates on both lending and deposit. Finance Minister A H M Mustafa Kamal made the annou...

Lower private sector credit growth to hit investment: FBCCI

Lower private sector credit growth to hit investment: FBCCI

FE Report 2019-08-04 10:50:12

The country's apex chamber on Saturday said the central bank's lower private credit growth target would impact investment, especially in smaller firms. In its reaction to the latest Monetary Policy S...

Projects languish as WB aid for B'desh withers

Projects languish as WB aid for B'desh withers

FHM Humayan Kabir 2019-08-04 09:54:00

At least 10 projects have been suffering from the implementation delays as the World Bank's fund meant for Bangladesh has dried up, officials said. The officials said the Washington-based lender has...

Indonesia’s economy likely to grow 5pc in Q2

Indonesia’s economy likely to grow 5pc in Q2

-- 2019-08-02 14:44:11

Indonesia’s economic growth likely to grow 5.0 per cent in the second-quarter (Q2) as soft commodity prices and weakening global trade continued to hurt exports, a Reuters poll showed on Friday....

NBR forms committee to make list of eligible items

NBR forms committee to make list of eligible items

Doulot Akter Mala 2019-08-02 10:27:15

The National Board of Revenue (NBR) has decided to resolve complexities regarding import of power sector equipment by preparing an integrated list of the products that are eligible for enjoying exempt...

Poor regulations cost 20pc of GDP: Expert

Poor regulations cost 20pc of GDP: Expert

FE Report 2019-08-02 10:04:56

Bangladesh loses at least 20 per cent of its gross domestic product (GDP) for poor regulations, a regulatory reform expert said on Thursday. "Bangladesh is suffering from low level of regulations a...

BASIC Bank: Kamal threatens to fold losing branches

BASIC Bank: Kamal threatens to fold losing branches

FE Report 2019-08-02 10:01:27

Finance minister AHM Kamal on Thursday lashed out at the officials of the BASIC Bank for their failure to improve the financial health of the troubled state lender. As the scandal-hit bank is struggl...

BD likely to become second largest recipient of Japanese assistance

BD likely to become second largest recipient of Japanese assistance

-- 2019-08-01 22:49:57

Bangladesh is likely to be the second largest recipient of Japanese assistance after India in the current Japanese fiscal year which starts from April 01. In last Japanese fiscal, Bangladesh was the...

Trump tariffs ‘backfiring’ on US economy

Trump tariffs ‘backfiring’ on US economy

-- 2019-08-01 13:58:55

US President Donald Trump’s trade war with China is backfiring and impacting the US economy, according to his former chief economic adviser. The tariff battle has had a “dramatic impact&r...

Dev sans inclusiveness meaningless: Dr Rizvi

Dev sans inclusiveness meaningless: Dr Rizvi

FE Report 2019-08-01 12:43:27

The international affairs adviser to the prime minister, Dr Gowher Rizvi, said on Wednesday the country's achievement would be meaningless without inclusive growth. "Whatever we've achieved doesn't c...

BD seeks more British investment

BD seeks more British investment

-- 2019-08-01 12:13:04

Finance Minister AHM Mustafa Kamal has said more British companies should come up with more investment to Bangladesh and take advantage of its young and growing population. He said Bangladesh needs...

Mexico lowers growth projection to 1.1pc

Mexico lowers growth projection to 1.1pc

-- 2019-08-01 11:26:38

Mexico’s Finance Ministry has lowered its growth forecast for 2019 to 1.1pc as evidence mounts that Latin America’s second-largest economy is falling short of the government’s expect...

Subsidy for crop insurance needed for food security

Subsidy for crop insurance needed for food security

FE Report 2019-08-01 10:58:33

Subsidy is required to successfully implement crop insurance system in the country, Dr Shameem Hassan Bhuiyan, a crop insurance expert, told a roundtable at a city hotel on Wednesday. "Crop insurance...

Kamal hopes to recover embezzled bank money

Kamal hopes to recover embezzled bank money

FE Report 2019-08-01 10:20:46

Finance Minister A H M Mustafa Kamal said he will recover the entire volume of money, embezzled from banks by various conglomerates like Hallmark Group. "My standpoint is still the same. We will reco...

Tax revenue collection misses target by Tk 571b

Tax revenue collection misses target by Tk 571b

FE Report 2019-08-01 09:54:19

Tax revenue collection posted an aggregate shortfall of Tk 571 billion in the fiscal year (FY) 2018-19 against its revised target, recording 10.7 per cent growth over the corresponding year. The grow...

MPS eyes higher growth

MPS eyes higher growth

Siddique Islam 2019-08-01 00:00:00

The central bank announced on Wednesday "cautiously accommodative" monetary policy statement (MPS) for the current fiscal year aiming to achieve higher growth while taming inflationary pressures. "Th...

BB has ‘no data on remittance outflow’

BB has ‘no data on remittance outflow’

-- 2019-07-31 17:20:37

Bangladesh Bank does not maintain any data on remittance outflow although it has updated data on remittance inflow, said its officials. Bangladesh Bank government Fazle Kabir and other deputy governo...

4,000 Rajshahi people get overseas jobs last year

4,000 Rajshahi people get overseas jobs last year

-- 2019-07-31 16:25:32

Around 4,000 people both male and female from Rajshahi district have got jobs in abroad including the Middle East countries last year. Earlier on, the people were given six-month training on general...