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Search results for: economy

Remittance inflow rises by 12pc in first four months of FY'19

Remittance inflow rises by 12pc in first four months of FY'19

FE Report 2018-11-07 10:01:40

The inflow of wage earners remittances crossed US$5.0 billion in the first four months of the current fiscal year (FY) due to depreciating mode of the local currency against the US dollar in the recen...

July-Oct export earnings stand at $13.65b

July-Oct export earnings stand at $13.65b

FE Online Report 2018-11-06 21:32:02

Export earnings from the country’s merchandise shipment during the first four months of current fiscal year (FY19) stood at $13.65 billion marking, an 18.65 per cent growth over the correspondin...

Euro zone business growth hits record low in Oct

Euro zone business growth hits record low in Oct

-- 2018-11-06 16:01:48

Euro zone business growth slumped to a two-year low in October as growing trade tensions and tariffs, alongside rising political uncertainty, put a dent in exports and optimism, a survey showed on T...

CBUAE expects 4.2pc GDP growth in 2019

CBUAE expects 4.2pc GDP growth in 2019

-- 2018-11-06 15:15:50

The Central Bank of the United Arab Emirates (CBUAE) expects gross domestic product (GDP) to grow by 4.2 per cent in 2019, up from a stronger-than-expected 2.8 per cent growth this year, its governor...

Britain hopes to reach Brexit financial services deal soon

Britain hopes to reach Brexit financial services deal soon

-- 2018-11-05 16:45:45

Britain hopes to reach a deal with the European Union soon on its post-Brexit financial services trade with the bloc Financial services minister of the United Kingdom John Glen came up with the state...

Turkey’s inflation surges to 25.24pc in October

Turkey’s inflation surges to 25.24pc in October

-- 2018-11-05 16:17:35

Turkey's annual inflation jumped to 25.24 per cent in October, mainly driven by growing prices in clothing and footwear, according to data released on Monday. On a monthly basis, the costs of cloth...

Indonesia GDP grows 5.17pc in third quarter

Indonesia GDP grows 5.17pc in third quarter

-- 2018-11-05 15:55:48

Indonesia gross domestic product (GDP) grew at a 5.17 per cent annual rate in the third quarter, lower than 5.27 per cent in the previous quarter, BPS official said on Monday. The official said the g...

Economic inequality on rise despite growth

Economic inequality on rise despite growth

FE Report 2018-11-05 11:10:57

Bangladesh economy has become more 'unequal' during the recent decade, particularly between 2010 and 2016, despite the country's ongoing growth, opined economist Dr Debapriya Bhattacharya. Asset in...

Govt mulls inclusive social safety net

Govt mulls inclusive social safety net

FE Report 2018-11-05 09:57:24

The government launched an action plan for the National Social Security Strategy (NSSS) on Sunday with models of South Africa, Lesotho and Nepal. The NSSS aims to build an inclusive social security s...

US economy looks strong  heading into mid-term polls

US economy looks strong heading into mid-term polls

-- 2018-11-04 22:18:44

For a US economic expansion now in its 10th year, hiring remains robust, growth has picked up and the outlook is a mostly bright one on the eve of congressional elections, reports AP. On Friday, the...

Over 5.8m workers went abroad with jobs in last nine years

Over 5.8m workers went abroad with jobs in last nine years

-- 2018-11-04 21:47:52

Manpower exports witnessed a record rise over the last nine years as the country sent more than 5.8 million workers abroad between 2009 and October 2018. During the period the country received over $...

ECNEC approves 39 projects involving Tk 866.87 billion

ECNEC approves 39 projects involving Tk 866.87 billion

-- 2018-11-04 21:09:17

The Executive Committee of the National Economic Council (ECNEC) on Sunday approved 39 projects involving an overall cost of Tk 866.87 billion. The approval came from the ECNEC meeting held at NEC co...

Policy Dialogue on Unpaid Care Work: Election Manifesto Perspective Nov 5

Policy Dialogue on Unpaid Care Work: Election Manifesto Perspective Nov 5

FE Online Desk 2018-11-04 13:17:34

ActionAid Bangladesh (AAB) and Dhaka University Debating Society (DUDS) will hold a Policy Dialogue on Unpaid Care Work: Election Manifesto Perspective on November 5 at TSC Auditorium of Dhaka Univers...

ECNEC likely to endorse 25 projects tomorrow

ECNEC likely to endorse 25 projects tomorrow

FE Report 2018-11-03 14:04:41

The government is likely to approve nearly 25 development projects on 'political consideration' tomorrow (Sunday). Of these, some nine projects of one public agency will be tabled for endorsement, off...

US job growth soars; annual wage gain largest since 2009

US job growth soars; annual wage gain largest since 2009

-- 2018-11-03 12:51:55

PER CENT job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labour market tightening that could encourage the Federal Reserve to r...

US trade deficit widens to 7-month high in Sept

US trade deficit widens to 7-month high in Sept

-- 2018-11-03 11:55:31

US trade deficit widened to a seven-month high in September as imports hit a record high and exports bounced back, the US Commerce Department has reported. The goods and services deficit climbed to 5...

Malaysia unveils record 2019 budget

Malaysia unveils record 2019 budget

-- 2018-11-02 19:24:12

Malaysia's new government has unveiled a record budget for 2019 despite battling a huge national debt, with new tax measures and increased dividends from national oil company Petronas intended to plug...

Britain invites suggestions on new £50 note

Britain invites suggestions on new £50 note

-- 2018-11-02 17:36:57

Britain's central bank has invited suggestions from the public within the next six weeks. to feature on the country's next 50 pound banknote. Bank of England Governor Mark Carney said on Friday that&...

Malaysia's new government sets bigger budget, cuts fiscal targets

Malaysia's new government sets bigger budget, cuts fiscal targets

-- 2018-11-02 14:59:39

Malaysia announced an expanded budget for 2019 and forecast a wider fiscal deficit as Prime Minister Mahathir Mohamad’s new administration tussles with shrinking revenue and a large debt left by...

US job growth likely to rebound in October

US job growth likely to rebound in October

-- 2018-11-02 13:16:41

US job growth likely rebounded in October, with wages expected to have recorded their largest annual gain in 9-1/2 years, pointing to further labour market tightening that could encourage the Federa...

Private credit growth inches lower in Sept

Private credit growth inches lower in Sept

Siddique Islam 2018-11-02 09:56:14

Private sector credit growth fell slightly in September due to lower demand for loans ahead of the national elections, bankers said. Most of the banks are maintaining a 'go-slow' policy for loan disb...

Egypt, IMF reach agreement on $2b loan disbursement

Egypt, IMF reach agreement on $2b loan disbursement

-- 2018-11-01 13:51:39

The International Monetary Fund has reached a staff-level agreement with Egypt to disburse another $2 billion from the country’s $12 billion extended fund facility, it said on Tuesday. The fund...

BB relaxes rules on forex forward buy-sale

BB relaxes rules on forex forward buy-sale

Siddique Islam 2018-11-01 09:36:16

The central bank has relaxed regulations on forward sale and purchase of foreign exchange (forex) to bring dynamism in hedging transactions, officials said. Following the relaxations, non-deliverable...

Bangladesh 176th among 190 nations in ease of doing business

Bangladesh 176th among 190 nations in ease of doing business

FE Online Report 2018-10-31 19:10:34

Bangladesh has moved one notch up in the World Bank’s Ease of Doing Business ranking, released this evening across the world. The country has been ranked 176th among 190 countries in the Doing...

Marginalised char people need comprehensive national policy: Atiur

Marginalised char people need comprehensive national policy: Atiur

-- 2018-10-31 17:05:56

Political parties should include a comprehensive national policy in their election manifestos for socio-economic development of the marginalised char people. Former Bangladesh Bank governor Dr. Atiur...

China's job market maintains stability

China's job market maintains stability

-- 2018-10-31 16:02:00

China's job market remained stable in the first three quarters of this year as the urban unemployment rate continued to drop, with emerging industries as the biggest employer, official data showed....

China suggests resisting trade protectionism for inclusive dev

China suggests resisting trade protectionism for inclusive dev

Mir Mostafizur Rahaman from Hainan, China 2018-10-31 13:49:54

China has urged the world to resist trade protectionism in a bid to ensure inclusive economic development for people across the globe. Narrating the objectives of the Belt and Road Initiative (BRI),...

External debts up by 141pc in two years

External debts up by 141pc in two years

Munima Sultana 2018-10-31 09:37:41

The volume of Bangladesh's external debts surged by 141 per cent to US$ 54.73 billion in two years to June last, says the central bank. The volume of external debts at the end of March 2016 stood at...

BB issues new guidelines for credit risk management

BB issues new guidelines for credit risk management

-- 2018-10-30 21:49:57

Bangladesh Bank has issued a set of guidelines for credit risk management for the country's scheduled banks with an aim to make the system more effective and time-befitting. The Banking Regulations a...

Eurozone growth slumps to weakest in four years

Eurozone growth slumps to weakest in four years

-- 2018-10-30 16:21:02

Official figures show that economic growth across the 19-country eurozone slowed in the third quarter of the year to its slowest level for over four years. Statistics agency Eurostat said the eurozon...