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EPB proposes $44.40b export target for FY '20

Monira Munni 2019-06-30 09:47:09

The Export Promotion Bureau (EPB) has proposed setting a US$ 44.40 billion export target for fiscal year (FY) 2019-20, officials have said. More than 84 per cent or $37.42 billion of the proposed exp...

Parliament okays finance bill

FE Report 2019-06-29 20:55:27

Parliament approved on Saturday the finance bill-2019 with a few amendments suggested by the lawmakers. Some 10 lawmakers proposed to elicit public opinion on the bill, but that was rejected by voice...

'Bangladesh will provide loan to other countries'

-- 2019-06-29 20:48:22

Finance Minister AHM Mustafa Kamal has said Bangladesh would not implement budget with the bank loan by 2030 and the country will provide loan to other countries. The finance minister also said Bangl...

'Brexit could leave UK short of energy'

-- 2019-06-29 20:31:21

The UK would be vulnerable to gas supply shortages and price hikes after Brexit, an industry leader has warned. Marco Alvera, head of European industry body GasNaturally, said that EU nations could r...

PM terms proposed budget ‘people-friendly’

-- 2019-06-29 19:02:10

Prime Minister Sheikh Hasina has said that every people will be benefitted by the proposed budget for FY 2019-20 as it will help continue the pace of ongoing development. Sheikh Hasina on Saturday de...

Social business day concludes in Bangkok

Tanvir Sufi, from Bangkok 2019-06-29 18:50:52

The Ninth Social Business Day concluded on Saturday in Bangkok with a call to tap into the power of creativity of the youth for solving social problems. In his concluding remark, Nobel Laureate...

Proposed tax on savings certificates may go

-- 2019-06-29 17:06:23

The government might retract its decision to double tax on savings certificates as the move is likely to draw massive criticism from the people. Four types of savings certificates are currently sold...

Savers in haste to draw govt savings tools’ yields

Arafat Ara 2019-06-29 10:00:37

The proposed rise in source tax on yields from national savings tools has prompted investors in large numbers to draw profits before June 30 next to avoid higher taxation. Dozens of savers were f...

'Bring social business into mainstream'

Tanvir Sufi, from Bangkok 2019-06-29 09:37:00

Experts and dignitaries laid on Friday emphasis on bringing the social business into the mainstream rather than applying it as a marginal business model. The real benefit of social business can be re...

Social Business Day held in Bangkok

Tanvir Sufi, from Bangkok 2019-06-28 18:44:22

Ninth Social Business Day was inaugurated in Bangkok on Friday with the presence of some 1,500 delegates from 60 countries, including Antarctica along with icons of social innovation and entrepreneurs...

BD must focus on SDG 16: Experts

FE Report 2019-06-28 12:47:21

Sustainable development goals (SDGs) cannot be fully achievable by 2030, leaving out SDG 16 that focuses on inclusive societies, democracy, strong institutions, justice and rule of law. SDG 16 is the...

BD-linked funds in Swiss banks up 28pc

FE Report 2019-06-28 09:55:01

The amount of Bangladesh-linked funds in the banks of Switzerland jumped by 28 per cent last year after a decline a year ago, according to the latest Swiss Bank data. In 2017, deposits held by Bangla...

Banking sector in free fall, warns IMF

FE Report 2019-06-28 09:27:49

Highlighting financial stability risks, the International Monetary Fund (IMF) said on Thursday the banking sector keeps deteriorating even as growth remains robust. "Resolutely addressing the high le...

UK economy 1.3pc larger than previously thought

Reuters 2019-06-27 20:57:02

Britain’s economy is around 1.3 per cent larger than previously thought - a gain of 26.0 billion pounds ($33 billion) - statisticians said on Thursday after a major revision of growth data from...

IMF lauds BD economic growth

-- 2019-06-27 18:57:56

Bangladesh has succeeded in fostering a dynamic and fast-growing economy with significant poverty reduction and the country’s economic growth continues to be strong. International Monetary Fund...

Robots to replace 20m manufacturing jobs by 2030

-- 2019-06-27 13:52:18

Up to 20 million manufacturing jobs will be lost by 2030 due to the accelerating usage of robots across the world, according to a report issued by Oxford Economics. The British think tank found that...

IMF airs concern over soaring soured loans

Siddique Islam 2019-06-27 09:36:24

The International Monetary Fund (IMF) has expressed concern over the rising trend in non-performing loans (NPLs) in the country's banking sector. The Washington-based lender also intended to learn...

Malaysia's May inflation stays below forecast

-- 2019-06-26 11:53:21

Malaysia’s annual inflation rate in May remained unchanged at 0.2 per cent for the third month in a row, government data showed on Wednesday. Inflation has been mild since an unpopular consum...

Donors disburse $5.2b in 11 months

FHM Humayan Kabir 2019-06-26 10:37:06

Donors disbursed development assistance worth US$5.21 billion in 11 months (July-May) of fiscal year (FY) 2018-19, up 11 per cent compared to the same period of the previous fiscal, official data show...

BSEC seeks tax on future reserves

Mohammad Mufazzal 2019-06-26 09:43:22

The securities regulator has suggested imposing tax on the profit to be transferred as reserves from next year by the listed companies. However, tax will be applicable only to companies that will fai...

BD missions can play key role to attract FDI: Minister

FE Online Report 2019-06-25 18:56:58

Bangladesh missions abroad will play as a catalyst to promote economic growth by attracting foreign direct investment. Foreign Minister DR AK Abdul Momen made the observation on Tuesday at a seminar...

10 projects worth Tk 69b get ECNEC nod

-- 2019-06-25 17:46:32

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved 10 development projects involving Tk 69 billion (Tk 6,967 crore), including modernization of 21 metre-gauge diesel-...

Indians stash $490b black money in abroad: Report

-- 2019-06-25 13:27:11

Indians have stashed 490 billion US dollar black money in abroad besides black money parked within the country as ‘investments’ in different sectors, according to studies of the country&rs...

External sector shows sign of recovery in H2

FE Report 2019-06-25 09:27:43

Current-account balance-to-GDP (gross domestic product) ratio improved during the second half (H2) of 2018 compared to the same period a year earlier. This means the country's export growth shows sig...

HC extends freeze on privilege for loan defaulters by 2 months

-- 2019-06-24 17:29:57

Loan defaulters will be barred from paying off their debts with 2 per cent down payment and 9 per cent interest rate as the High Court has extended its freeze on a Bangladesh Bank circular by two mont...

'Proposal to impose tax on retained earnings may go'

-- 2019-06-24 16:36:07

The proposed tax on the retained earnings of a company may be withdrawn following businessmen’s demand. Salman F Rahman, prime minister’s adviser on private sector development, gave the i...

Bank of Thailand likely to hold key rate

-- 2019-06-24 13:15:36

Thailand’s central bank is expected to keep its benchmark policy rate steady on Wednesday for a fourth straight meeting, a Reuters poll showed. Bank of Thailand (BOT), the central bank of the c...

Economists sceptical about high GDP growth rate

FE Report 2019-06-24 11:57:17

Terming the official data 'inconsistent', speakers at a panel discussion on Sunday said there remains 'mismatch' between the government GDP growth projection and major economic indicators. They a...

BD receives record FDI in last calendar year

FE Online Report 2019-06-24 10:46:03

Bangladesh received its highest-ever FDI (Foreign Direct Investment) inflow in 2018 with around 68 per cent growth compared to the previous calendar year. According to the UNCTAD World Investment Rep...

Proposed VAT, tax hike to hit steel industry hard

FE Desk Report 2019-06-24 10:40:03

The price of rod is likely to go up by 10,350/- per MT, if the proposed VAT and tax is implemented as per 2019-20 budget proposal. Bangladesh Steel Manufacturers' Association (BSMA) said at present T...