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Search results for: economy

BD reaching danger level of income inequality: Economists

BD reaching danger level of income inequality: Economists

FE Report 2019-09-08 10:33:33

Economists made on Saturday an urgent call for measuring growth with equity as Bangladesh is reaching the danger level of income inequality. Alongside a uniform and quality education system at all le...

Fourth South Asia Economic Network Conference kicks off

Fourth South Asia Economic Network Conference kicks off

FE Online Report 2019-09-07 19:57:43

The Fourth South Asia Economic Network Conference started at BRAC Centre Inn in the capital on Saturday. South Asian Network for Economic Modelling (SANEM), South Asia Economic Policy Network and The...

ADB workshop on “Northeast Bangladesh Economic Corridor Development” Sunday

ADB workshop on “Northeast Bangladesh Economic Corridor Development” Sunday

FE Online Desk 2019-09-07 12:59:37

A consultation workshop on “Northeast Bangladesh Economic Corridor Development” will be held in Dhaka on Sunday.   Mr. A H M Mustafa Kamal, Finance Minister and Mr. Muhammad Abdul M...

CPD confce on BRI Sunday

CPD confce on BRI Sunday

FE Online Desk 2019-09-07 12:40:10

The Centre for Policy Dialogue (CPD) will hold an international conference on 'Belt and Road Initiative : Positioning Bangladesh within comparative perspective' on Sunday. Nurul Majid Mahmud Humayun,...

MF-CIB to check micro loan applications, charge fees

MF-CIB to check micro loan applications, charge fees

Ismail Hossain 2019-09-07 10:14:00

From now on, loan applications of the country's micro borrowers will be examined by the Microfinance Credit Information Bureau (MF-CIB), according to the entity's draft guideline. The MF-CIB may...

China lowers tax rate on heavy rare earths to support industry

China lowers tax rate on heavy rare earths to support industry

Global Times 2019-09-06 18:24:17

The Ministry of Industry and Information Technology has formalised a new law that reduces the resource tax on heavy rare earths from 27 per cent to 20 per cent, a move that analysts said shows China's...

Australia’s underpowered tech industry could boost economy: report

Australia’s underpowered tech industry could boost economy: report

Xinhua 2019-09-06 18:09:04

With proper investment, Australia’s technology sector could give the country’s economy a much needed boost, according to a report released on Thursday by economic advisory group AlphaBeta....

Move to procure 10,000 electronic devices to check VAT evasion

Move to procure 10,000 electronic devices to check VAT evasion

-- 2019-09-06 17:22:50

The National Board of Revenue (NBR) has started the process to procure modern technology-based electronic fiscal devices (EFDs), aiming to check VAT evasion both at the retail and wholesale levels. S...

India's economy suffers car crash, pain spreads to villages

India's economy suffers car crash, pain spreads to villages

Reuters 2019-09-05 11:47:59

The narrow lanes in Aliyar and Kasan villages in Manesar, an automotive manufacturing hub on New Delhi's southern outskirts, would usually be packed on Sundays with migrant workers employed at the nea...

BoC keeps key interest rate unchanged

BoC keeps key interest rate unchanged

-- 2019-09-05 11:23:08

The Bank of Canada (BoC) on Wednesday announced it kept interest rate at 1.75 per cent as it gauged the extent of the damage that deepening trade conflicts have had on the domestic and global economie...

Overall economic achievements remain below true potentials

Overall economic achievements remain below true potentials

FE Report 2019-09-05 11:01:51

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has listed inadequate infrastructure, lack of investors' confidence, and shortage of power and energy as major impediments to the countr...

MCCI fears 6.0pc inflation in Sept

MCCI fears 6.0pc inflation in Sept

FE Report 2019-09-05 10:28:10

A spike in inflationary pressure is projected for September on the back of a rising trend in the prices of key commodities in the international market. Metropolitan Chamber of Commerce and Industry...

Idle fund: Soaking it up to stop misuse, says kamal

Idle fund: Soaking it up to stop misuse, says kamal

FE Report 2019-09-05 10:16:47

Finance Minister AHM Mustafa Kamal defended on Wednesday the government's move to transfer idle money of state entities to the public exchequer, saying that it was intended to stop misuse of fund. "M...

IMF pushes for enforcement of regulations

IMF pushes for enforcement of regulations

Siddique Islam 2019-09-05 10:08:12

The International Monetary Fund (IMF) has emphasised strict enforcement of regulations to ensure stability of the financial sector in Bangladesh. It also recommended that the policymakers take effect...

PM to inaugurate IORA summit Thursday

PM to inaugurate IORA summit Thursday

-- 2019-09-04 13:45:09

Prime Minister Sheikh Hasina is scheduled to inaugurate the Indian Ocean Rim Association (IORA) Blue Economy Ministerial Conference (BEC-III) on Thursday. Member States of IORA will discuss ways to p...

Future lies in building tech, knowledge-based society: BIDA EC

Future lies in building tech, knowledge-based society: BIDA EC

FE Report 2019-09-04 10:54:31

The country should focus on increasing investment to establish a knowledge- and technology-based society, so that it can cope with the upcoming challenges, said Kazi M Aminul Islam, outgoing executive...

Aug inflation declines marginally

Aug inflation declines marginally

FE Report 2019-09-04 10:47:49

The point-to-point inflation rate has declined by 0.13 percentage point to 5.49 per cent in August, compared to the previous month, official data showed. The fall in inflation rate is due to a drop i...

NPL buildup, high cost of fund remain major potential risks: Study

NPL buildup, high cost of fund remain major potential risks: Study

FE Report 2019-09-04 10:45:07

The country's banking sector is now moderately competitive and stable. But, there are some potential risks for the sector, including further increase in the volume of non-performing loans (NPLs), inso...

ICCB stresses FDI for sustainable economic development

ICCB stresses FDI for sustainable economic development

-- 2019-09-03 17:53:36

Foreign direct Investment (FDI) has long been the most viable method of wealth and technological transfer between the developed and developing countries in the world. FDI has an important role to pla...

Malaysia's manufacturing PMI drops in August

Malaysia's manufacturing PMI drops in August

-- 2019-09-03 14:50:57

Malaysia's manufacturing Purchasing Managers' Index (PMI) fell to 47.4 in August from 47.6 in July. IHS Markit who compiled the survey said in a statement, the PMI is broadly indicative of annual Gro...

Remittances top $3.0b in August

Remittances top $3.0b in August

FE Report 2019-09-03 10:51:47

Money sent home by expatriate Bangladeshis amounted to over US$3.0 billion in the two months to August, boosted by increased flow on the occasion of Eid-ul-Azha. The flow of remittances rose by nearl...

'BD remains in top since 2009 in attaining GDP growth'

'BD remains in top since 2009 in attaining GDP growth'

-- 2019-09-02 17:13:26

Finance Minister AHM Mustafa Kamal on Monday said Bangladesh remains in top position in attaining GDP growth compared to other countries in the world over the last 10 years since 2009 under the curren...

Argentina imposes currency controls to support economy

Argentina imposes currency controls to support economy

-- 2019-09-02 11:43:58

Argentina has imposed currency controls in a bid to stabilise markets as the country faces a deepening financial crisis. The government will restrict foreign currency purchases following a sharp drop...

FICCI for research-based sound policy changes

FICCI for research-based sound policy changes

FE Report 2019-09-02 10:43:42

Raising concern over unpredictable policymaking, foreign investors on Sunday said any change in the policy should be based on comprehensive research. They said any policy change made through wrong an...

Higher interest rate naturally creates loan defaulters: PM

Higher interest rate naturally creates loan defaulters: PM

UNB 2019-09-01 16:24:23

Prime Minister Sheikh Hasina on Sunday said the government has taken steps to bring down the interest rate of bank loan to a single digit in all banks, noting that higher interest rate naturally creat...

South Korea August exports fall for ninth month

South Korea August exports fall for ninth month

-- 2019-09-01 12:25:00

South Korea’s exports tumbled in August for a ninth consecutive month, on sluggish demand from its biggest buyer, China, and depressed prices of computer chips globally, government data showed o...

China rises to top engine of global economic growth in 70 years

China rises to top engine of global economic growth in 70 years

Xinhua 2019-08-31 17:25:24

China has ranked first in terms of contribution to global economic growth since 2006, becoming the leading engine of world economic growth, an official report said Thursday. In the past 70 years, Chi...

India's GDP growth hits six-year low

India's GDP growth hits six-year low

Reuters 2019-08-31 10:10:01

India’s economy grew at its weakest pace since 2013 between April and June as consumer demand and government spending slowed amid global trade frictions, raising chances of the central bank cutt...

India announces series of mergers of state-run banks

India announces series of mergers of state-run banks

Reuters 2019-08-30 19:24:47

India announced a series of mergers involving 10 state-owned banks on Friday, as it moves to strengthen a sector struggling under a mountain of debt and ensure stronger balance sheets to boost lending...

India's economic growth seen slipping in Apr-Jun

India's economic growth seen slipping in Apr-Jun

Reuters 2019-08-30 13:25:01

India’s economy likely expanded at its weakest pace in more than five years in April-June, a Reuters poll showed, as consumer demand and private investment weakened at a time global trade fricti...