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Search results for: economy

Govt to seek $ 1.0b funds from ADB, China

Govt to seek $ 1.0b funds from ADB, China

FHM Humayan Kabir 2018-11-25 10:00:30

The government will seek nearly US$ 1.0 billion funds from the Asian Development Bank (ADB) and China to upgrade Faridpur-Barisal-Kuakata highways into four-lane, officials said on Saturday. They sai...

Atiur proposes fund for innovation, research

Atiur proposes fund for innovation, research

-- 2018-11-24 21:18:28

Former governor of Bangladesh Bank Dr. Atiur Rahman has proposed creation of a national innovation and research fund to encourage more young people to become entrepreneurs He made the proposal while...

NBR to receive individual tax returns until December 2

NBR to receive individual tax returns until December 2

-- 2018-11-24 19:26:50

The National Board of Revenue (NBR) will receive individual tax returns until December 2 as the last date of submission, November 30, is a weekly holiday. NBR Member (income tax admin) Zia Uddin Maho...

'Seaweed farming should be brought under purview of fisheries ministry'

'Seaweed farming should be brought under purview of fisheries ministry'

-- 2018-11-24 17:12:21

Speakers at a discussion have urged authorities concerned to bring cultivation of seaweeds under the purview of the Ministry of Fisheries from the Ministry of Agriculture. They also underscored the n...

Dhaka likely to get $2.0b in add’l fund under IDA-18

Dhaka likely to get $2.0b in add’l fund under IDA-18

FHM Humayan Kabir 2018-11-24 10:06:20

Bangladesh is likely to get nearly US$ 2.0 billion additional assistance from the World Bank (WB), as the latter has decided to divert unutilised funds from other member states to the country, officia...

Lower ins coverage poses major risk for economy

Lower ins coverage poses major risk for economy

Mehdi Musharraf Bhuiyan 2018-11-24 10:02:10

The insurance gap in Bangladesh relative to its GDP is the highest in the world, which poses a major economic risk for the country in case of a catastrophe, warns a global report of Lloyd's. Affordab...

Banks' surplus liquidity falls ahead of nat'l polls

Banks' surplus liquidity falls ahead of nat'l polls

Siddique Islam 2018-11-24 09:35:57

The excess liquidity in banks dropped by nearly 15 per cent or Tk 140 billion in September mainly due to higher growth of currency outside banking system before the national elections. Officials said...

BB seeks info on classified loans of election aspirants

BB seeks info on classified loans of election aspirants

FE Report 2018-11-23 15:30:27

The central bank has asked the commercial banks to provide information on classified loans of the aspirants of the upcoming national election to the returning officials concerned. "We've taken the me...

NBR taskforce to include BIDA, police, NSI officials

NBR taskforce to include BIDA, police, NSI officials

Doulot Akter Mala 2018-11-23 09:50:34

The tax authority will join hands with the law-enforcing agencies and investment promotion authority to find out illegal foreign residents working in the country to ensure proper tax collection from t...

BD needs to apply anew for Chinese buyer's credit

BD needs to apply anew for Chinese buyer's credit

Munima Sultana 2018-11-23 09:40:51

Dhaka needs to apply anew for Chinese loans for the projects, deals on which were signed during Xi Jinping's visit to Dhaka in 2016, to match his government's new lending policy. China has reformed i...

Foreign tourists visiting S Korea rise 31pc in Oct

Foreign tourists visiting S Korea rise 31pc in Oct

-- 2018-11-22 14:51:54

Foreign tourists visiting South Korea jumped in October as Chinese and Japanese visitors travelled to the country during the autumn holiday period, tourism agency data showed Thursday. The number of...

Germany pledges to give €285.3m for dev

Germany pledges to give €285.3m for dev

-- 2018-11-22 13:35:53

Germany has pledged to give €285.3 million for development in Bangladesh, reaching the overall amount to €3 billion since 1972. The European country also announced €29 million assis...

Singapore’s economy grows 3pc in Q3

Singapore’s economy grows 3pc in Q3

-- 2018-11-22 12:10:31

Singapore's economy grew by 3.0 per cent in the third quarter, expanded at a much slower pace than initially thought, from the previous three months on an annualised and seasonally adjusted basis....

Greece predicts 2.5pc GDP growth for 2019

Greece predicts 2.5pc GDP growth for 2019

-- 2018-11-21 20:35:40

Greece has projected its economy would grow by 2.5 per cent next year, as it submitted its first post-bailout budget to parliament promising to return a high surplus. Presenting its 2019 budget, vett...

NBR collects Tk 170m in income tax in M’singh

NBR collects Tk 170m in income tax in M’singh

-- 2018-11-21 18:00:50

The National Board of Revenue (NBR) has collected over Tk 170 million income taxes in the Tax Fair in Mymensingh. Zonal Taxes Commissioner, Mymensingh Abul Mansur said a total of 21,222 tax payers...

China has failed to alter 'unfair, unreasonable' trade practices: US

China has failed to alter 'unfair, unreasonable' trade practices: US

Reuters 2018-11-21 15:29:09

WASHINGTON: The Trump administration on Tuesday said that China has failed to alter its “unfair” practices at the heart of the U.S.-China trade conflict, adding to tensions ahead of a high...

Myanmar tops LDCs' FDI league, Bangladesh fifth

Myanmar tops LDCs' FDI league, Bangladesh fifth

-- 2018-11-21 13:51:55

JAKARTA : Myanmar attracted the most foreign direct investment of any of the world's so-called "least developed countries" in 2017, even as the nation's reputation plummeted over its forced expulsion...

Kenya beats India in world tea market so far

Kenya beats India in world tea market so far

-- 2018-11-21 12:08:50

Record tea crop in Kenya has given a tough competition to Indian tea in the global markets in the second half of the year. Indian tea has failed to maintain higher prices in the world market as Kenya...

IMF delays Sri Lanka's loan discussion on political crisis

IMF delays Sri Lanka's loan discussion on political crisis

-- 2018-11-21 11:52:49

COLOMBO: The International Monetary Fund (IMF) said on Tuesday it had delayed discussions on Sri Lanka’s next loan tranche due to the country’s political crisis. The IMF has disbursed o...

Attainment of SDGs:  Experts for South Asia cooperation framework

Attainment of SDGs: Experts for South Asia cooperation framework

FE Report 2018-11-21 10:38:47

The countries in South Asia need to develop an effective regional cooperation framework to accelerate the process of Sustainable Development Goals (SDGs) achievement, experts said at an international...

BIMSTEC sets 2019 deadline to make FTA operational

BIMSTEC sets 2019 deadline to make FTA operational

Mir Mostafizur Rahaman 2018-11-21 09:57:19

The BIMSTEC [Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation] has set 2019 as a deadline to make FTA [free trade agreement] operational. Sources said member countries o...

'Existing tax system creates burden on low-income people'

'Existing tax system creates burden on low-income people'

FE Online Report 2018-11-20 18:45:51

The existing tax system has created burden on common people as low-income and high-income people pay value added tax (VAT) at similar rate to buy a product. Speakers came up with the statement at Cit...

Deposits with agent banking increase by 28pc

Deposits with agent banking increase by 28pc

-- 2018-11-20 18:07:42

Deposit collection through the agent banking increased by 28 per cent or Tk 5.4672 billion in July to September quarter compared to the previous quarter of April to June in 2018. According to the qua...

Nissan shares slump after Ghosn's arrest

Nissan shares slump after Ghosn's arrest

Reuters 2018-11-20 14:00:57

Nissan Motor Co’s shares fell more than 6 percent on Tuesday as Chairman Carlos Ghosn’s arrest a day earlier sent shockwaves through the business world and threw into doubt the future of J...

French jobless rate steady in third quarter

French jobless rate steady in third quarter

-- 2018-11-20 13:08:06

France’s jobless rate held steady in the third quarter (Q3) despite recent employment gains, according to data published by the INSEE national statistics office. The INSEE said that the unemplo...

Govt to borrow Tk 20b more from banks

Govt to borrow Tk 20b more from banks

Siddique Islam 2018-11-20 09:35:16

The government revised its auction calendar on Monday keeping an option for borrowing Tk 20 billion more for financing budget deficit ahead of the December general elections, officials said. Under th...

Tax collection in fairs rises 11.35pc

Tax collection in fairs rises 11.35pc

FE Online Report 2018-11-19 22:10:14

The week-long income tax-fairs, which concluded on Monday, collected Tk 24.68 billion in taxes. The collection from this year’s taxes is 11.35 per cent more than that of the previous year&rsquo...

Japan's trade deficit widens; exports up

Japan's trade deficit widens; exports up

-- 2018-11-19 12:52:46

Japan's trade deficit grew to its largest since July 2015 in October as a gain in exports was outpaced by a nearly 20 per cent jump in imports. The Ministry of Finance said Monday that exports grew a...

Tax fairs pick up further momentum

Tax fairs pick up further momentum

FE Report 2018-11-19 09:46:12

Income tax fairs gained further momentum on Sunday in eight divisional headquarters including the capital city. On the sixth day of the week-long tax fairs, there was mad rush of visitors and taxpaye...

Polls prod govt to borrow more from banks

Polls prod govt to borrow more from banks

Siddique Islam 2018-11-19 09:30:42

The government is set to boost its bank borrowing significantly in November mainly due to the upcoming general elections, officials have said. The net borrowing from the banking system is on track to...