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Search results for: economy

Tamabil Land Port starts full-fledged operations

Tamabil Land Port starts full-fledged operations

-- 2017-10-27 12:00:00

Tamabil Land Port (TLP) along Gowainghat border area in Sylhet has started its journey as a full-fledged land port. Finance Minister Abul Maal Abdul Muhith and Shipping Minister Shajahan Khan inaugur...

Business leaders want cut in taxmen's discretionary power

Business leaders want cut in taxmen's discretionary power

FE Report 2017-10-27 12:00:00

Leaders of the country's apex trade body put forward on Thursday a set of proposals for consideration in the new income tax law, including reducing the taxmen's discretionary power and waiving 5.0 per...

Metro rail lines: Govt may soon endorse feasibility study project

Metro rail lines: Govt may soon endorse feasibility study project

FHM Humayan Kabir 2017-10-27 12:00:00

The Planning Commis-sion (PC) is likely to endorse feasibility study for construction of two more metro rails in the capital at a cost of Tk 463.70 million, officials said on Wednesday. "The project...

31 missions fail to meet export target

31 missions fail to meet export target

-- 2017-10-27 12:00:00

Thirty one missions out of 57 Bangladesh missions abroad have failed to achieve their respective export target in the first quarter (July-September of the current fiscal year (FY18), reports a news ag...

US economy grows 3pc in Q3

US economy grows 3pc in Q3

-- 2017-10-27 06:55:16

The US economy grew at a solid annual rate of 3 per cent in the third quarter. It marks the first time in three years that growth has hit at least 3 per cent for two consecutive quarters. The Commer...

Malaysia to see moderate growth in 2018

Malaysia to see moderate growth in 2018

-- 2017-10-27 04:26:17

Malaysia expects domestic demand and still-buoyant exports to help drive 5.0 to 5.5 per cent growth in 2018. Prime Minister Najib Razak, who is under attack in connection with a corruption scandal, i...

Seven errant banks seek exoneration from penalty

Seven errant banks seek exoneration from penalty

Siddique Islam 2017-10-26 12:00:00

Seven commercial banks have appealed to the central bank's board of directors to waive the financial penalty imposed on them for violating the rules relating to share-market investment. Their petitio...

LTU serves demand notices on big shots to pay VAT arrears

LTU serves demand notices on big shots to pay VAT arrears

Doulot Akter Mala 2017-10-26 12:00:00

Revenue board's value-added tax (VAT) wing served demand notices on 37 large taxpayers to realise VAT arrears worth Tk 6.93 billion, against the backdrop of its target shortfalls. Officials said amon...

Muhith for championing principles to achieve SDGs

Muhith for championing principles to achieve SDGs

-- 2017-10-26 12:00:00

Finance Minister AMA Muhith underscored on Wednesday the need for championing the principles for effective development cooperation among the global community to achieve Sustainable Development Goals (...

Dealers may get more commission on OMS rice, wheat

Dealers may get more commission on OMS rice, wheat

Rezaul Karim and Talha Bin Habib 2017-10-26 12:00:00

A move is underway to raise dealers' commission on open market sale (OMS) of rice and wheat to help curb malpractices in sales by authorised traders, sources said. The food ministry has sent a propos...

Slum dwellers to get flats on low rental basis

Slum dwellers to get flats on low rental basis

Agencies 2017-10-26 12:00:00

Slum dwellers are going to get flats on low rental basis as Prime Minister Sheikh Hasina has inaugurated such a project at Mirpur in Dhaka city. She unveiled the foundation plaque of the country&rsqu...

India sees highest visitors from Bangladesh

India sees highest visitors from Bangladesh

-- 2017-10-26 12:00:00

India's issuance of visas to the people of Bangladesh has marked a sharp rise in recent months as the two neighbouring countries are considering people-to-people contacts as the biggest strength to bo...

S Korea GDP grows 1.4pc in Q3

S Korea GDP grows 1.4pc in Q3

-- 2017-10-26 11:22:51

South Korea’s economy clocked its fastest growth in seven years last quarter, as global demand for the country’s electronics more than offset the impact of regional geopolitical strains on...

Chevron stays, plans to invest $400mn: Nasrul

Chevron stays, plans to invest $400mn: Nasrul

-- 2017-10-26 10:22:21

US oil major Chevron is not leaving Bangladesh; rather, it will invest $400 million in the country's gas sector. State Minister for Power and Energy Nasrul Hamid came up with the revelation on Thursd...

BD to bring further 500MW power from India

BD to bring further 500MW power from India

-- 2017-10-26 07:50:13

Indian High Commissioner Harsh Vardhan Shringla has said that India will supply another 500MW power to neighbouring Bangladesh through the Bheramara-Bherampur inter-connection by July next year. Acco...

Euro zone private sector growth slumps in Oct

Euro zone private sector growth slumps in Oct

-- 2017-10-25 12:46:40

LONDON, Oct 24 (Reuters): Private sector growth across the euro zone slowed more sharply than predicted this month, a survey showed on Tuesday, but activity remained strong even though firms increased...

IEA sees SE Asia oil demand growing until at least 2040

IEA sees SE Asia oil demand growing until at least 2040

-- 2017-10-25 12:45:49

SINGAPORE, Oct 24 (Reuters): Southeast Asian demand for oil will keep growing until at least 2040 as emerging nations there rely on the fossil fuel to transport their rapidly growing populations, ship...

Australian inflation surprisingly soft in Q3

Australian inflation surprisingly soft in Q3

-- 2017-10-25 12:38:19

Australian consumer prices were surprisingly tame last quarter while core inflation stayed below target for almost a second full year, leading investors to pare back the already slim chance of a rate...

BD financial market needs credible benchmark

BD financial market needs credible benchmark

Jasim Uddin Haroon 2017-10-25 12:00:00

Bangladesh's financial market runs sans effective benchmark called 'Dhaka Interbank Offered Rate (DIBOR)', leaving parties to quote rates in contracts and other financial instruments impromptu. Such...

Cabinet okays import of 250,000 mts rice

Cabinet okays import of 250,000 mts rice

-- 2017-10-25 12:00:00

The Cabinet Purchase Committee on Wednesday approved nine proposals, including import of 250,000 metric tonnes of rice. The Cabinet body also granted permission to give contracts to set up two power...

Move to explore new manpower markets

Move to explore new manpower markets

-- 2017-10-25 11:44:47

A research firm has been appointed by the government to carry out a survey on labour markets in 52 countries, including 20 new ones, across the world. The revelation came on Wednesday during a meetin...

BB boss hopeful of recovering entire amount

BB boss hopeful of recovering entire amount

-- 2017-10-25 10:14:56

Bangladesh Bank Governor Fazle Kabir has said that the entire amount of stolen reserve money of the central bank will be recovered after conclusion of the judicial case in this connection. He came up...

IDCOL, City Bank Capital Resources ink MoU

IDCOL, City Bank Capital Resources ink MoU

FE Online Desk 2017-10-25 10:09:14

A Memorandum of Understanding (MoU) was signed recently between Infrastructure Development Company Limited (IDCOL) and City Bank Capital Resources Limited, said a statement. The objective of the Mo...

BIMSTEC leaders mull 'Trade and Investment Forum'

BIMSTEC leaders mull 'Trade and Investment Forum'

-- 2017-10-25 09:36:51

The leaders of BIMSTEC have urged FBCCI President Md. Shafiul Islam to take necessary steps for arranging a 'Trade and Investment Forum' of the member countries. BIMSTEC (The Bay of Bengal Initiative...

KSA vows to reduce dependency on oil

KSA vows to reduce dependency on oil

-- 2017-10-25 09:24:28

Saudi Arabia plans to build a business and industrial zone extending into Jordan and Egypt – thereby seeking to free itself from dependency on oil exports. Saudi Crown Prince Mohammed bin Salma...

Income tax fair begins Nov 1

Income tax fair begins Nov 1

-- 2017-10-25 04:30:40

The National Board of Revenue (NBR) is going to ogranise weeklong Income Tax Fair throughout the country from November 1. In Dhaka, the NBR will organise the fair in its own building at Agargaon area...

UK economy grows by 0.4pc in Q3

UK economy grows by 0.4pc in Q3

-- 2017-10-25 03:04:50

The UK's economy had higher than expected growth in the three months to September - increasing the chances of a rise in interest rates in November. Gross domestic product (GDP) for the quarter rose b...

ADB okays $1.2b to upgrade Dhaka-Northwest trade corridor

ADB okays $1.2b to upgrade Dhaka-Northwest trade corridor

-- 2017-10-24 12:00:00

The Asian Development Bank's (ADB) Board of Directors has approved $1.2 billion in finance for the second phase upgrade of the Dhaka-Northwest international trade corridor in Bangladesh. "Bangladesh...

Paradise group distributes relief among Rohingyas

Paradise group distributes relief among Rohingyas

FE Online Desk 2017-10-24 12:00:00

Paradise Group recently distributed relief among Rohingyas in Kutupalong Refugee Camp, Ukhia, Cox’s Bazaar, said a statement. With great support from Bangladesh Army, bags containing essential...

ECNEC clears Dhaka-Ashulia Elevated Expressway

ECNEC clears Dhaka-Ashulia Elevated Expressway

-- 2017-10-24 12:00:00

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the 'Dhaka-Ashulia Elevated Expressway' project to ease traffic congestion in and around the capital city. The pro...