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Search results for: economy

Coronavirus: Could it damage the global economy?

BBC January 26, 2020 17:53:57

China is struggling with a new virus that has already killed more than 20 people. It is a serious health issue. The World Health Organization has called it an emergency for China, though not for the...

Thai Exim Bank, JBIC want to invest in sugar mills of Bangladesh

BSS January 25, 2020 18:16:27

Thai Exim Bank and Japan Bank for International Cooperation (JBIC) have expressed their interest to invest in Bangladesh for modernising the country’s state-run sugar mills. The two organisatio...

Pressure builds on PC for new projects in RADP

FHM Humayan Kabir January 25, 2020 10:56:45

Different ministries and agencies are piling pressure on Planning Commission (PC) for enlistment of new unapproved projects in the upcoming revised annual development programme (RADP). Officials said...

Delhi rejects Dhaka's plea for lifting anti-dumping duties

SYFUL ISLAM January 25, 2020 10:48:44

India has turned down a Bangladesh's request to withdraw anti-dumping duty imposed on the exports of Bangladesh's jute goods, hydrogen peroxide, and fishing net. The giant neighbour made the refusal...

Sri Lanka aims to attract 4.0m tourist in 2020

-- January 24, 2020 13:24:01

Sri Lanka's Tourism Ministry is aiming to attract four million tourists in 2020, Tourism Minister Prasanna Ranatunga has told local media. The minister said they have fixed a target of five billion U...

Singapore's factory output falls 1.4 pc in 2019

-- January 24, 2020 13:12:24

Singapore’s manufacturing output declined 1.4 per cent year on year in 2019, said the Economic Development Board on Friday. Last December, the country's factory output declined 0.7 per cent yea...

US weekly jobless claims rise to 211,000

-- January 24, 2020 13:06:15

The number of initial jobless claims in the United States rose last week, according to a report released by the US Bureau of Labor Statistics on Thursday. The number of people filing for US unemploym...

NBR chief cautions ‘greedy’ taxmen

FE REPORT January 24, 2020 10:39:13

The National Board of Revenue, or NBR, will take stern action against its "greedy" officials, its chief warned on Thursday. Newly-appointed NBR chairman Abu Hena Md Rahmatul Muneem said since the g...

Stop distorting data to placate policymakers, Mashiur advises officials

FE REPORT January 24, 2020 10:34:31

Adviser to the prime minister on economic affairs Dr Mashiur Rahman on Thursday said statistics should not be altered to make them soothing to the ears of key policymakers. The policymakers do also...

Bank debt tops Tk 500 billion

SIDDIQUE ISLAM January 24, 2020 10:23:25

The government's net bank borrowing crossed Tk 500 billion until middle of this month, compelled by the need for meeting budget deficit, officials said. Falling trend in sales of national savings cer...

Philippines economy grows 5.9pc in 2019

-- January 23, 2020 15:25:21

The Philippines's gross domestic product (GDP) posted a year-on-year growth of 6.4 per cent in the fourth quarter of 2019, resulting in the 5.9 per cent full-year growth for 2019. Philippines Statist...

Govt to focus on financing next planning blueprint

FHM HUMAYAN KABIR January 23, 2020 11:08:16

The government and donors will gather in the capital next week in a traditional parley to discuss national and global agenda, officials said on Wednesday. The Bangladesh Development Forum (BDF), sche...

Sri Lanka earns record $5.3b from apparel exports in 2019

-- January 22, 2020 13:21:31

Sri Lanka earned a record 5.3 billion US dollars from its apparel exports in 2019, showing a 5.1 per cent year on year increase, according to the Joint Apparel Association Forum (JAAF). However, a sl...

Job growth rate too slow to meet 2030 target

FE REPORT January 22, 2020 10:05:19

Discussants at a dialogue held in Dhaka on Tuesday suggested the government not judging the country's macroeconomic scenario only by the growth rate but also by the generation of new jobs. The sugges...

Country gets $153.13b remittance in decade

BSS January 21, 2020 18:46:27

More than 6.60 million trained workers got employments abroad in the last one decade, from 2009 to 2019, and they remitted around $153.13 billion during the period. Expatriates’ Welfare and Ove...

ECNEC okays TK 205.26b project to establish 329 technical school and colleges

-- January 21, 2020 16:36:24

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved a Taka 205.26 billion project to set up some 329 technical school and colleges at upazila level in a bid to build s...

IMF cuts global growth projection

-- January 21, 2020 13:56:20

The International Monetary Fund (IMF) cut global growth projections on Monday, citing negative surprises in a few emerging markets, notably in India, and increased social unrest. However, the IMF als...

NBR to cut duty benefit on 21 power plant items

DOULOT AKTER MALA January 21, 2020 10:37:29

The National Board of Revenue (NBR) is going to cut duty-free benefit on import of 21 types of power plant equipments, categorising them 'locally available and consumable products.' The decision has...

SoEs' fund deposit: SoCBs to give 5.5pc interest rate

FE REPORT January 21, 2020 10:34:33

State-owned enterprises (SoEs), which will deposit their funds in private commercial banks (PCBs) and financial institutions (FIs), will get interest at 6.0 per cent rate, and at 5.5 per cent from sta...

Budget revision: Govt wants ministries to stick to original outlay

JASIM UDDIN HAROON January 21, 2020 10:11:01

The government has alerted its ministries and divisions to avoid spending beyond the original budget allocations as resource mobilisation becomes slower. The push comes at the meetings on budget revi...

Emphasis on circular economy to address climate crisis, inequality, poverty

FE ONLINE REPORT January 20, 2020 19:30:20

Adopting circular economic principles can address overall climate crisis, global inequality and alleviate poverty. Experts came up with the remark on Monday at a panel discussion titled 'Circular Eco...

Global FDI drops moderately in 2019: UNCTAD

FE Online Report January 20, 2020 18:59:06

Foreign Direct Investment (FDI) across the world dropped by 1.0 per cent last year, according to a primary estimation of the United Nations Conference on Trade and Development (UNCTAD). UNCTAD’...

Govt allows state-owned cos to deposit 50pc of funds in private banks

-- January 20, 2020 17:37:48

The government has allowed state-owned companies to deposit up to 50 per cent of their surplus funds in private banks and non-bank financial institutions. The finance ministry’s Financial Insti...

BIBM workshop on Outsourcing in Financial Service Sector Jan 21

FE Online Desk January 20, 2020 13:37:34

A Discussion Workshop on Outsourcing in Financial Service Sector (in association with BACCO & LICT) will be held at the auditorium of Bangladesh Institute of Bank Management on January 21. Mr. Zu...

World's richest 2,000 hold more than 4.6b combined: Oxfam

Reuters January 20, 2020 13:00:40

The world’s richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work by women and girls adds three times more to the global econom...

Bangladesh’s exports to India cross $1.0b in 2019

FE REPORT January 20, 2020 11:25:30

Bangladesh's exports to India crossed US $ 1.0 billion mark in the last calendar year (2019), said Gurvinder Singh, Director (exhibitions) of Engineering Export Promotion Council of India (EEPC Indi...

Govt's credit growth target raised for H2

FE Report January 20, 2020 10:00:36

Higher borrowing of the government during the first half (H1) of the current fiscal year (FY20) compelled the central bank to revise the growth rate of the borrowing significantly upward for the secon...

New ADB President Masatsugu Asakawa assumes office

FE Online Report January 19, 2020 14:24:27

Masatsugu Asakawa has assumed office as the 10th President of the Asian Development Bank (ADB), an ADB press statement said. "I am honoured to assume the role of ADB President and to begin working in...

FDI stuck in low gear

JUBAIR HASAN January 19, 2020 10:35:20

The declining trend in the net inflows of foreign direct investment, or FDI, in the country sustained until the third quarter of the immediate past calendar year, according to government data. The...

BD economy may grow by 7.80pc in FY20: UN

Asjadul Kibria January 18, 2020 17:35:15

Growth rate of the Gross Domestic Product (GDP) of Bangladesh may decline to 7.80 per cent in the current fiscal year (FY20) from 8.10 per cent in the previous fiscal year. Nevertheless, the projecte...