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Search results for: economy

Stop loan concentration in few big businesses

Stop loan concentration in few big businesses

FE Report 2017-09-11 12:00:00

The central bank asked the commercial banks to avert loan concentration in single big groups or sectors through diverting their investment portfolios to minimise default risks. In another major dir...

Country’s total power generation capacity stands at 15761MW

Country’s total power generation capacity stands at 15761MW

-- 2017-09-11 12:00:00

The total power generation capacity of the country now stands at 15,761 MW. This was disclosed by Power Division Secretary Dr Ahmad Kaikaus while he made a power-point presentation on the power sec...

High-level meet to review progress of mega projects

High-level meet to review progress of mega projects

FHM Humayan Kabir 2017-09-10 12:00:00

Nearly a dozen cost-intensive mega projects are up for a review for accelerating their execution, as the government nears end of its present term.   A high-level meeting scheduled for Wednesday...

Sales of savings certificates jump 49pc in July

Sales of savings certificates jump 49pc in July

-- 2017-09-10 12:00:00

  The Bangladesh government has sold Tk 73.52 billion in savings certificates in the first month of the new fiscal year, a 49 per cent increase over the same period last year.   However,...

SK Group to set up LPG terminal, petrochemical refinery

SK Group to set up LPG terminal, petrochemical refinery

-- 2017-09-10 12:00:00

South Korea's leading conglomerate SK Group has planned to go for a joint venture with Bangladesh’s TK Group for setting up a petrochemical refinery, Liquefied Petroleum Gas (LPG) terminal and a...

Indian minister to visit Dhaka for diesel pipelines deal

Indian minister to visit Dhaka for diesel pipelines deal

-- 2017-09-10 11:28:39

Indian Petroleum Minister Dharmendra Pradhan will soon visit Dhaka to sign an agreement with Bangladesh for diesel exports through pipelines.   Dhaka has already agreed to New Delhi's proposal...

Govt will ask dev partners to increase funding

Govt will ask dev partners to increase funding

Mehdi Musharraf Bhuiyan 2017-09-09 12:00:00

The government will ask its development partners this week to realign their country strategies with enhanced funding provisions as it is looking to generate billions more in foreign aid for implementi...

'BEPZA contributing lot to implement SDGs'

'BEPZA contributing lot to implement SDGs'

-- 2017-09-09 12:00:00

BEPZA is contributing a lot to implement Sustainable Development Goals (SDGs), the Vision 2021 and the Vision 2041. It is tremendously contributing in industrialisation through attracting investment,...

Agencies need $77m for Rohingyas: UN

Agencies need $77m for Rohingyas: UN

-- 2017-09-09 12:00:00

Humanitarian agencies operating in Cox’s Bazar urgently need US $77 million to assist the people who have fled violence in Myanmar, the United Nations says. “The rapid movement of people...

Govt sets ambitious soft aid flow target this fiscal

Govt sets ambitious soft aid flow target this fiscal

FHM Humayan Kabir 2017-09-09 10:07:59

The government eyes disbursement of nearly US$7.0-billion concessional foreign assistance this financial year, an ambitious 35 per cent rise over last fiscal, to meet huge fund needs. Even, officia...

BB heist: Ex-Philippine bank manager may stand trial alone

BB heist: Ex-Philippine bank manager may stand trial alone

Reuters 2017-09-08 12:00:00

Philippine prosecutors have recommended the filing of charges against a former bank manager for her part in laundering tens of millions of dollars stolen from Bangladesh’s central bank last year...

Net FDI jumps 32.76 pc in FY17

Net FDI jumps 32.76 pc in FY17

FE Online Report 2017-09-08 12:00:00

Net inflow of Foreign Direct Investment (FDI) increased by 32.76 per cent in the past fiscal year (FY17), according to the latest statistics of the central bank.   It showed that total inflow o...

BD's GDP per person higher than Pakistan's

BD's GDP per person higher than Pakistan's

-- 2017-09-08 12:00:00

London-based "The Economist" has found Bangladesh's GDP per person better than that of Pakistan's, in its latest report published on Thursday.   Following is the full text of the report: When B...

RAKUB board vows to make agro-based economy vibrant

RAKUB board vows to make agro-based economy vibrant

-- 2017-09-08 12:00:00

RAJSHAHI, Sept 08 (BSS): Rajshahi Krishi Unnayan Bank (RAKUB) should be committed to taking its banking services to the doorsteps of the farmers for elevating their living and livelihood condition....

UK inflation expectations hold steady: BoE

UK inflation expectations hold steady: BoE

Reuters 2017-09-08 02:53:40

The British public’s expectations for inflation remained stable in the three months to early August, a Bank of England survey showed on Friday, despite this year’s rise in price growth aft...

Rangpur growers attain  financial solvency from chilli cultivation

Rangpur growers attain financial solvency from chilli cultivation

Our Correspondent 2017-09-07 12:46:58

A view of a chilli field in Char Nazirdaho under Kawnia of Rangpur. The photo was taken on Wednesday. — FE Photo RANGPUR, Sept 06: Farmers at different areas under the district are getting fina...

China to spend over $1.0t on planes over next 20 yrs: Boeing

China to spend over $1.0t on planes over next 20 yrs: Boeing

-- 2017-09-07 12:35:57

BEIJING/SHANGHAI, Sept 6 (Reuters): Chinese airlines are likely to buy more than 7,000 planes worth $1.1 trillion over the next 20 years, as they grow their fleets to meet robust demand for domestic a...

Industrial park in Malaysia's Kuantan on track, says MCKIP chairman

Industrial park in Malaysia's Kuantan on track, says MCKIP chairman

-- 2017-09-07 12:00:00

KUALA LUMPUR, Sept. 6 (Xinhua): The Malaysia-China Kuantan Industrial Park (MCKIP), the first industrial park to be jointly developed by Malaysia and China, is on track to achieve its investment targe...

Career considerations in today’s changing economy and technology

Career considerations in today’s changing economy and technology

Shaha Rakesh Nishan 2017-09-07 12:00:00

The pace at which the world is growing is an indication for today's employees and the new graduates to constantly update and adapt themselves with the changing economy and technology. Additionally, th...

Buyers’ credit jumps by 20pc in first half for low interest

Buyers’ credit jumps by 20pc in first half for low interest

Siddique Islam 2017-09-07 12:00:00

The volume of buyers' credit jumped by over 20 per cent in the first half (H1) of this calendar year as importers excessively bank on such cheaper foreign-currency loans.   Sources said a sect...

Tax waiver on firms’ salary expenses now conditional

Tax waiver on firms’ salary expenses now conditional

Doulot Akter Mala 2017-09-07 12:00:00

Employers have to ensure return submission on the withholding tax of their employees having taxable incomes to claim tax waiver on salary expenses.    As per provision, the tax benefit on...

BNM holds key rate as growth is solid

BNM holds key rate as growth is solid

-- 2017-09-07 03:24:08

Bank Negara Malaysia (BNM), the central bank of Malaysia, has left its benchmark interest rate unchanged on Thursday as expected, as it sees the economy remaining on a solid growth.   All 11 ec...

German industrial orders fall in July

German industrial orders fall in July

Reuters 2017-09-06 12:26:46

German industrial orders fell unexpectedly in July on weak domestic demand while bookings from abroad remained flat, data showed on Wednesday. Factories registered a 0.7 per cent drop in orders after...

BD performance in financial inclusion not impressive: survey

BD performance in financial inclusion not impressive: survey

Jasim Uddin Haroon 2017-09-06 12:00:00

Bangladesh lags behind neighbouring India and Pakistan in attaining financial inclusion of people from various social strata, according to a survey.   The country ranked 19th, scoring 66 in the...

Govt set to revise GDP base year

Govt set to revise GDP base year

-- 2017-09-06 12:00:00

The government is going to rebase and revise the GDP year to 2015-16 from the existing 2005-2006, incorporating many more emerging areas of economic activities into the calculation of economic output....

REER index up in FY17

REER index up in FY17

FE Online Report 2017-09-06 12:00:00

Index of Real Effective Exchange Rate (REER) of Bangladeshi currency increased to 140.32 at the end of the past fiscal year (FY17) which was 138.33 at the end of FY16, the Bangladesh Bank data reveale...

Consensus on key economic issues

Consensus on key economic issues

From Jubair Hasan in Xiamen, China 2017-09-06 10:50:41

A three-day long BRICS Summit came to an end on Tuesday reaching consensus on some key economic issues that leaders believe will make voices of the developing countries much stronger in the globalised...

'Ethnic groups playing role in boosting economy'

'Ethnic groups playing role in boosting economy'

-- 2017-09-06 09:09:00

State Minister for Information and Communication Technology Zunaid Ahmed Palak on Wednesday said Ethnic minority groups are playing a vital role in the development of the country, says the state mini...

India freezes bank accounts of shell cos

India freezes bank accounts of shell cos

-- 2017-09-06 07:01:06

India has frozen the bank accounts of 209,032 suspected shell companies as part of a crackdown on illegal transactions and tax evasion, the finance ministry has said. The latest action against shell...

Govt resumes borrowing from banks to meet budget deficit

Govt resumes borrowing from banks to meet budget deficit

Siddique Islam 2017-09-05 12:00:00

The government restarted borrowing from the banking system, ending over a month's suspension, through auctioning its securities for part financing of budget deficit.   Exigencies of food import...