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Search results for: economy

Use ADR to overcome troubled loan situation

Use ADR to overcome troubled loan situation

FE Report 2018-07-22 15:02:08

Businesses and professionals raised concern on Saturday over the growing volume of non-performing loans (NPLs), which could jeopardise the economic health of the country. To overcome the unpleasant s...

China-funded projects in slow lane on land acquisition delays

China-funded projects in slow lane on land acquisition delays

Mir Mostafizur Rahaman 2018-07-22 10:22:15

Bureaucratic tangle and slow land acquisition have delayed the progress of eight China-funded government to government (G2G) projects. Infrastructure projects like Multilane Road Tunnel under the R...

Banks exceed ADR on higher than targeted private credit flow

Banks exceed ADR on higher than targeted private credit flow

FE Report 2018-07-22 09:58:02

Higher than targeted private sector credit growth compared to deposits is believed to be the key reason for exceeding the advances-deposits ratio (ADR) by private banks. This was revealed in a study...

Argentina 'unequivocally' making fiscal progress: IMF

Argentina 'unequivocally' making fiscal progress: IMF

Reuters 2018-07-22 09:54:06

Argentina is “unequivocally” making progress on its goals to cut its fiscal deficit as part of a $50 billion International Monetary Fund (IMF) program, Fund Managing Director Christine Lag...

NBR moves to bring more people under tax net

NBR moves to bring more people under tax net

-- 2018-07-21 18:50:20

In an effort to expand country's narrow tax base, the National Board of Revenue (NBR) has moved to gather 'secondary data' of potential new taxpayers. In a country of over 160 million (16 crore) popu...

Myanmar's foreign trade reaches $10.2b in three months

Myanmar's foreign trade reaches $10.2b in three months

-- 2018-07-21 13:14:17

Myanmar's trade with foreign countries has reached $10.2 billion as of July 17 during the six-month transitional period which started in April, according to the figures of the Commerce Ministry Saturd...

Brazil cuts GDP growth forecast to 1.6pc

Brazil cuts GDP growth forecast to 1.6pc

-- 2018-07-21 12:57:11

The Brazilian government has cut its forecast for gross domestic product (GDP) growth this year to 1.6 per cent from 2.5 per cent and raised the estimate for the inflation rate in 2018. The governm...

Manpower export to Singapore on downswing

Manpower export to Singapore on downswing

Arafat Ara 2018-07-21 11:00:25

The outflow of Bangladeshi workers to Singapore declined significantly in last three years due to various reasons including an image crisis which was created over arrest of some Bangladeshi nationals...

Bumper wheat harvest may ignite Argentina economy

Bumper wheat harvest may ignite Argentina economy

-- 2018-07-20 21:19:54

A record wheat harvest expected in Argentina this year could arrive just in time to jumpstart the ailing South American economy in the fourth quarter, after growth has been hit by low investment, high...

Japan’s core CPI rises 0.8pc in June

Japan’s core CPI rises 0.8pc in June

-- 2018-07-20 14:12:01

Japan's core consumer prices increased in June from a year earlier owing to rising costs for energy, the government said in a report on Friday. According to the Ministry of Internal Affairs and Com...

N Korean economy falls lowest in 20 years

N Korean economy falls lowest in 20 years

-- 2018-07-20 13:23:00

North Korea’s economy contracted at the sharpest rate in two decades in 2017, South Korea’s central bank estimated on Friday. Gross domestic product (GDP) of the isolated nation fell to...

Bumper wheat harvest may  ignite Argentina economy

Bumper wheat harvest may ignite Argentina economy

-- 2018-07-20 13:16:14

A record wheat harvest expected in Argentina this year could arrive just in time to jumpstart the ailing South American economy in the fourth quarter, after growth has been hit by low investment, high...

North Korea economy shrinks at sharpest  rate in 20 years as sanctions bite

North Korea economy shrinks at sharpest rate in 20 years as sanctions bite

-- 2018-07-20 12:37:38

North Korea’s economy contracted at the sharpest rate in two decades in 2017, South Korea’s central bank estimated on Friday, in a clear sign international sanctions imposed to stop Pyongy...

GDP growth beats ADB forecast

GDP growth beats ADB forecast

FE Online Report 2018-07-19 20:04:11

Country’s growth has surpassed last forecast at the Asian Development Outlook (ADO) as its agriculture and industry growth was higher than expected, the Asian Development Bank (ADB) has said....

Australia jobs jump in June

Australia jobs jump in June

-- 2018-07-19 12:33:11

Australian employment surged by the most this year in June as firms took on more full-time workers, yet the jobless rate held steady as more people entered the labour force in a trend that has curbed...

S Korea cuts economic growth outlook

S Korea cuts economic growth outlook

-- 2018-07-18 13:02:26

South Korea on Wednesday cut its economic growth to 2.9 per cent forecast from 3.0 per cent for the current year, citing a feeble labour market recovery and global trade tensions. In its bi-annual ec...

LDC graduation: Planning minister calls for more int'l support

LDC graduation: Planning minister calls for more int'l support

FE Report 2018-07-18 10:32:41

Planning Minister AHM Mustafa Kamal has urged the global development and trading partners to extend support for Bangladesh during its graduation to a developing nation status. He said, "A growing n...

Bangladesh calls for increased global support during graduation period

Bangladesh calls for increased global support during graduation period

FE Online Report 2018-07-17 20:56:00

Planning Minister AHM Mustafa Kamal urged global development and trading partners to extend support to Bangladesh during its graduation process to developing nation.  “A growing number of...

BB denies gold scam report

BB denies gold scam report

-- 2018-07-17 20:12:53

The Bangladesh Bank has claimed that the gold kept by the customs at the central bank’s vault was not adulterated. The central bank made the statement at a press conference on Tuesday afternoon...

Singapore's NODX grows 1.1pc in June

Singapore's NODX grows 1.1pc in June

-- 2018-07-17 11:22:20

Singapore's non-oil domestic exports (NODX) grew 1.1 percent year on year in June, Enterprise Singapore, a government agency that champions enterprise development, announced on Tuesday. The city st...

Muhith seeks info on state of banks

Muhith seeks info on state of banks

Rezaul Karim 2018-07-17 11:15:32

Finance Minister AMA Muhith has sought detailed and updated information about the country's scheduled banks. Mr Muhith asked the senior secretary of the Financial Institutions Division (FID) to take...

Bidding for Laldia terminal by July

Bidding for Laldia terminal by July

Syful Islam 2018-07-17 10:19:11

The bidding for the construction of Laldia multi-purpose terminal in Chattogram will take place by this month, officials said. To this end, the Public-Private Partnership Authority (PPPA) has recentl...

China GDP growth slows to 6.7pc in Q2

China GDP growth slows to 6.7pc in Q2

-- 2018-07-16 13:43:25

China economy grew 6.7 per cent in second quarter year-on-year, its slowest pace since 2016, as Beijing’s efforts to contain debt hurt activity. The country’s June factory output growth w...

Microcredit gains momentum

Microcredit gains momentum

FE Report 2018-07-16 10:39:32

The number of microcredit beneficiaries across the country rose significantly in one year to June 2016, according to the Microcredit Regulatory Authority (MRA) data. The total number of loan recipien...

Record govt servants to retire this FY

Record govt servants to retire this FY

Jasim Uddin Haroon 2018-07-16 09:54:29

A record number of public servants are set to go into retirement during the current fiscal year (FY), 2018-19. The government will require an amount estimated at Tk 260.47 billion to meet their pensi...

BD’s position drops in global innovation index

BD’s position drops in global innovation index

FE Online Report 2018-07-15 16:38:05

The position of Bangladesh in the latest global index of innovation has dropped by two steps. The country ranked 116th among 126 countries in the Global Innovation Index (GII)-2018 which is co-publis...

Secondary trading slips by 62pc in FY ‘18

Secondary trading slips by 62pc in FY ‘18

FE Report 2018-07-15 10:29:41

Secondary trading of treasury bills and treasury bonds has dropped sharply during the last fiscal year, reflecting the lower demand for the government securities. Latest statistics with the central b...

Copper heads for fifth weekly loss

Copper heads for fifth weekly loss

-- 2018-07-14 21:38:03

LONDON, July 14 (Reuters): Copper headed for a fifth weekly loss on Friday as trade tensions between the United States (US) and China rumbled on, while aluminium hit a three-month low ahead of a summi...

Oil rises but declines for the week as supply concerns ease

Oil rises but declines for the week as supply concerns ease

-- 2018-07-14 21:36:32

NEW YORK, July 14 (Reuters): Oil prices rose about 1.0 per cent on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline after Libyan por...

BB asks banks to remain alert over import-export mismatch

BB asks banks to remain alert over import-export mismatch

FE Online Report 2018-07-14 13:10:46

Bangladesh Bank (BB) governor Fazle Kabir on Saturday called the public and private commercial banks to remain alert over the growing mismatch in the growth of import and export. He indicated that su...