Search results for: economy

Tk 5.25t budget likely

FE Report April 25, 2019 09:15:00

The government is set to fix GDP (gross domestic product) growth target for the next fiscal year at 8.2 per cent, officials said. The total size of the budget for fiscal year 2019-20 may be around Tk...

UK government borrowing falls to lowest level in 17 years

-- April 24, 2019 18:17:07

Government borrowing in Britain for the 2018-19 financial year fell to its lowest annual level in 17 years, official figures show. British Finance Minister and Chancellor of the Exchequer Philip Hamm...

Islamic Relief Bangladesh wins Bond Int'l Dev Award 2019

FE Online Report April 24, 2019 12:38:11

Islamic Relief Bangladesh has won the Bond International Development Award 2019 in innovation category for eliminating extreme poverty of orphaned children and widows in Bangladesh. This Alternative...

2018 net FDI inflow at $3.61b

FE Report April 24, 2019 09:38:28

The net inflow of foreign direct investment (FDI) in Bangladesh stood at $3.61 billion on a final count, according to the latest statistics of the central bank. Annual net FDI inflow jumped by 67 per...

Lending loans to single borrower by multiple banks rising

FE Online Report April 23, 2019 21:53:30

The tendency of lending loans to a single borrower by multiple banks has marked a rise which is a negative indicator for the banking sector, according to a study. The Bangladesh Institute of Bank Man...

CPD questions data used in high growth estimate

FE Online Report April 23, 2019 15:16:42

The Centre for Policy Dialogue (CPD) on Tuesday has questioned the authenticity of the data used in calculating a high growth estimate as it does not match with the growth of key macroeconomic indicat...

Japan's 10-day break likely to give economy short-term boost

-- April 23, 2019 13:11:07

Japan's unprecedented 10-day holiday to celebrate Crown Prince Naruhito's enthronement is expected to give the sluggish economy at least a short-term boost. Breweries, hotels, retailers, restaurants...

BD economy moving on solid macro-economic stability: PM

-- April 22, 2019 21:47:01

Prime Minister Sheikh Hasina has said the economy of Bangladesh is moving on a solid macro-economic stability, vibrant private sector, and increasing trends in trade and investments. She urged the bu...

Blasts to hit economy, tourism, says Lanka PM

-- April 21, 2019 21:42:00

Attacks on three Christian churches and three hotels in Sri Lanka will hurt the economy and tourism, and law enforcement authorities have been asked to find the perpetrators, Lankan Prime Minister R...

Jet Airways employees mull taking over airline

-- April 21, 2019 20:56:11

Internal differences of opinion on employees taking over the management of Jet Airways did not permit pursuing the idea, but employees are ready to fully cooperate with any new investor for turning...

India eyes Rs 420b electric vehicles mkt by 2030

-- April 21, 2019 19:00:22

At least half a dozen public sector firms, Indian Railways and various ministries are in the process of creating infrastructure and manufacturing components for electric vehicles to support the govern...

Joy urges young ICT entrepreneurs to be innovative

-- April 21, 2019 17:44:22

Prime Minister’s ICT Affairs Adviser Sajeeb Wazed Joy Sunday called upon the young information and communication technology entrepreneurs to generate their own innovative ideas to take the lead...

China BRI summit to urge sustainable financing

-- April 21, 2019 16:36:06

SHANGHAI, Apr 21: World leaders meeting in Beijing this week for a summit on China’s Belt and Road initiative will agree to project financing that respects global debt goals and promotes green...

Magazine highlighting BRI launched in Bangladesh

-- April 21, 2019 15:52:28

Centre for East Asia Foundation (CEAF), a non-profit and non-political independent study circle, launched a magazine "The Belt and Road" on Saturday in Bangladesh, highlighting the great vision of The...

India warns IMF against fresh bailout for Pakistan

-- April 20, 2019 13:42:51

India and some other nations have cautioned the International Monetary Fund (IMF) about fresh bailout for Pakistan at a time when it is under the Financial Action Task Force's (FATF) scanner for its s...

Current account deficit could snowball into financial sector

Jasim Uddin Haroon April 20, 2019 09:18:42

The persistent current account deficit may now put strain on key macroeconomic indicators and experts say it could snowball into the financial arena. The current account deficit soared to US$1.7 bill...

Thailand plans $630m in economic measures to boost growth

-- April 19, 2019 13:43:39

Thailand’s Finance Minister Apisak Tantivorawong said the country will introduce economic measures worth about 20 billion baht ($629.52 million) to spur its slowing economy. The measures will b...

'Poverty, limited rural jobs crimp SDG attainment'

FE Report April 19, 2019 10:25:11

A deepening cycle of hunger and malnutrition, persistent poverty, limited economic opportunities and environmental degradation in rural areas are retarding progress in sustainable development goals (S...

US trade deficit hits eight-month low

-- April 18, 2019 13:37:47

The US trade deficit fell to an eight-month low in February as imports from China plunged, temporarily providing a boost to President Donald Trump’s “America First” agenda and econom...

Currency swaps rule forex mkt, cushion reserve

Jasim Uddin Haroon April 18, 2019 09:09:10

Interbank currency swaps under agreements to exchange cash flows at later dates dominate the country's foreign exchange market shielding the forex reserve to a great extent from any pressure. Banglad...

Working age population rises to 62.7 per cent

FE Online Report April 17, 2019 16:56:27

The significant rise in the country’s working age population – from 49 per cent in 1994 to 62.7 per cent in 2018 –provides a demographic dividend to the economy. This was pointed ou...

China Q1 GDP growth steadies at 6.4pc

-- April 17, 2019 13:36:48

China’s economy grew 6.4 per cent in the first quarter from a year earlier, official data showed on Wednesday. The growth of the second largest economy of the world is above expectations and st...

BB reserve heist case probe report submission on May 21

-- April 17, 2019 12:38:26

A Dhaka court has set May 21 for submitting probe report in the case lodged over Bangladesh Bank (BB) reserve heist that took place in 2016. Dhaka Metropolitan Magistrate Sadbir Yasir Ahsan Chow...

Survey on VAT payers’ satisfaction: Respondents give mixed reaction

Doulot Akter Mala April 17, 2019 10:05:03

Tax officials declined to accept relevant papers from some 43 per cent of large VAT (value added tax) payers, a survey of the revenue board has revealed. The papers that the tax payers produced were...

BB data server at high risk of cyber attack

Syful Islam April 17, 2019 09:47:43

The data server of the central bank is found to be at high risk of a cyber attack as hackers have reportedly again installed malware there, officials have said. Malware in the central server of the B...

UK pay growth hits fresh decade high

-- April 16, 2019 15:14:38

British workers’ pay grew at its joint fastest pace in over a decade, fuelled by further job creation, adding to suggestions that Brexit uncertainty is prompting firms to hire workers rather tha...

'Two-thirds of eligible taxpayers evade tax'

FE Report April 16, 2019 10:07:02

Chairman of National Board of Revenue (NBR) Md Mosharraf Hossain Bhuiyan said Monday less than one-third of potentially eligible taxpayers in the country pay taxes. "We've currently around 40 lakh (4...

Comprehensive farm database on the cards

FE Report April 16, 2019 09:58:27

The government has planned to build a comprehensive database for the country's agriculture sector aiming to boost agricultural production and exports. "A comprehensive database will be created to mak...

NBR told to avoid 'cut-and-paste' type budget

FE Report April 16, 2019 09:43:39

The country's investment development authorities, on Monday, sought adequate policy support from the National Board of Revenue (NBR) to further promote investment while making the existing initiatives...

Only 11pc women using MFS in BD: Study

Sajibur Rahman April 15, 2019 16:28:21

Only 11 per cent of women are registered users of Mobile Financial Services (MFS) in the country while 30 per cent of men are using such services, a study has revealed. Volume or frequency of need, i...