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Search results for: economy

Indonesian investors interested in rail, energy sectors

Indonesian investors interested in rail, energy sectors

-- 2019-04-26 21:09:39

Indonesian businesses have expressed their interest to invest in energy, rail, tourism and infrastructure sectors of Bangladesh. "Indonesia and Bangladesh are considered emerging economies with a com...

Singapore's citizen unemployment rate edges up

Singapore's citizen unemployment rate edges up

-- 2019-04-26 14:19:54

The seasonal adjusted citizen unemployment rate of Singapore inched up slightly from 3.1 per cent in December 2018 to 3.2 per cent in March 2019, the Ministry of Manpower announced on Friday. Meanwhi...

BoE to refrain from rate hike until August 2020

BoE to refrain from rate hike until August 2020

-- 2019-04-25 15:21:28

The Bank of England (BoE) is likely to keep interest rates on hold until August 2020 because of a slower global economy and prolonged uncertainty about Brexit, a leading think tank said on Thursday....

Citizens’ conclave on SDGs Saturday

Citizens’ conclave on SDGs Saturday

FE Online Desk 2019-04-25 14:41:54

Citizen's platform for SDGs, Bangladesh on Saturday will hold a citizens conclave in the capital on the country's four years of engagement with the SDGs (Sustainable Development Goals). The day-long...

Tk 5.25t budget likely

Tk 5.25t budget likely

FE Report 2019-04-25 09:14:59

The government is set to fix GDP (gross domestic product) growth target for the next fiscal year at 8.2 per cent, officials said. The total size of the budget for fiscal year 2019-20 may be around Tk...

UK government borrowing falls to lowest level in 17 years

UK government borrowing falls to lowest level in 17 years

-- 2019-04-24 18:17:06

Government borrowing in Britain for the 2018-19 financial year fell to its lowest annual level in 17 years, official figures show. British Finance Minister and Chancellor of the Exchequer Philip Hamm...

Islamic Relief Bangladesh wins Bond Int'l Dev Award 2019

Islamic Relief Bangladesh wins Bond Int'l Dev Award 2019

FE Online Report 2019-04-24 12:38:11

Islamic Relief Bangladesh has won the Bond International Development Award 2019 in innovation category for eliminating extreme poverty of orphaned children and widows in Bangladesh. This Alternative...

2018 net FDI inflow at $3.61b

2018 net FDI inflow at $3.61b

FE Report 2019-04-24 09:38:28

The net inflow of foreign direct investment (FDI) in Bangladesh stood at $3.61 billion on a final count, according to the latest statistics of the central bank. Annual net FDI inflow jumped by 67 per...

Lending loans to single borrower by multiple banks rising

Lending loans to single borrower by multiple banks rising

FE Online Report 2019-04-23 21:53:30

The tendency of lending loans to a single borrower by multiple banks has marked a rise which is a negative indicator for the banking sector, according to a study. The Bangladesh Institute of Bank Man...

CPD questions data used in high growth estimate

CPD questions data used in high growth estimate

FE Online Report 2019-04-23 15:16:41

The Centre for Policy Dialogue (CPD) on Tuesday has questioned the authenticity of the data used in calculating a high growth estimate as it does not match with the growth of key macroeconomic indicat...

Japan's 10-day break likely to give economy short-term boost

Japan's 10-day break likely to give economy short-term boost

-- 2019-04-23 13:11:07

Japan's unprecedented 10-day holiday to celebrate Crown Prince Naruhito's enthronement is expected to give the sluggish economy at least a short-term boost. Breweries, hotels, retailers, restaurants...

BD economy moving on solid macro-economic stability: PM

BD economy moving on solid macro-economic stability: PM

-- 2019-04-22 21:47:01

Prime Minister Sheikh Hasina has said the economy of Bangladesh is moving on a solid macro-economic stability, vibrant private sector, and increasing trends in trade and investments. She urged the bu...

Blasts to hit economy, tourism, says Lanka PM

Blasts to hit economy, tourism, says Lanka PM

-- 2019-04-21 21:41:59

Attacks on three Christian churches and three hotels in Sri Lanka will hurt the economy and tourism, and law enforcement authorities have been asked to find the perpetrators, Lankan Prime Minister R...

Jet Airways employees mull taking over airline

Jet Airways employees mull taking over airline

-- 2019-04-21 20:56:10

Internal differences of opinion on employees taking over the management of Jet Airways did not permit pursuing the idea, but employees are ready to fully cooperate with any new investor for turning...

India eyes Rs 420b electric vehicles mkt by 2030

India eyes Rs 420b electric vehicles mkt by 2030

-- 2019-04-21 19:00:22

At least half a dozen public sector firms, Indian Railways and various ministries are in the process of creating infrastructure and manufacturing components for electric vehicles to support the govern...

Joy urges young ICT entrepreneurs to be innovative

Joy urges young ICT entrepreneurs to be innovative

-- 2019-04-21 17:44:22

Prime Minister’s ICT Affairs Adviser Sajeeb Wazed Joy Sunday called upon the young information and communication technology entrepreneurs to generate their own innovative ideas to take the lead...

China BRI summit to urge sustainable financing

China BRI summit to urge sustainable financing

-- 2019-04-21 16:36:05

SHANGHAI, Apr 21: World leaders meeting in Beijing this week for a summit on China’s Belt and Road initiative will agree to project financing that respects global debt goals and promotes green...

Magazine highlighting BRI launched in Bangladesh

Magazine highlighting BRI launched in Bangladesh

-- 2019-04-21 15:52:28

Centre for East Asia Foundation (CEAF), a non-profit and non-political independent study circle, launched a magazine "The Belt and Road" on Saturday in Bangladesh, highlighting the great vision of The...

India warns IMF against fresh bailout for Pakistan

India warns IMF against fresh bailout for Pakistan

-- 2019-04-20 13:42:50

India and some other nations have cautioned the International Monetary Fund (IMF) about fresh bailout for Pakistan at a time when it is under the Financial Action Task Force's (FATF) scanner for its s...

Current account deficit could snowball into financial sector

Current account deficit could snowball into financial sector

Jasim Uddin Haroon 2019-04-20 09:18:42

The persistent current account deficit may now put strain on key macroeconomic indicators and experts say it could snowball into the financial arena. The current account deficit soared to US$1.7 bill...

Thailand plans $630m in economic measures to boost growth

Thailand plans $630m in economic measures to boost growth

-- 2019-04-19 13:43:39

Thailand’s Finance Minister Apisak Tantivorawong said the country will introduce economic measures worth about 20 billion baht ($629.52 million) to spur its slowing economy. The measures will b...

'Poverty, limited rural jobs crimp SDG attainment'

'Poverty, limited rural jobs crimp SDG attainment'

FE Report 2019-04-19 10:25:11

A deepening cycle of hunger and malnutrition, persistent poverty, limited economic opportunities and environmental degradation in rural areas are retarding progress in sustainable development goals (S...

US trade deficit hits eight-month low

US trade deficit hits eight-month low

-- 2019-04-18 13:37:47

The US trade deficit fell to an eight-month low in February as imports from China plunged, temporarily providing a boost to President Donald Trump’s “America First” agenda and econom...

Currency swaps rule forex mkt, cushion reserve

Currency swaps rule forex mkt, cushion reserve

Jasim Uddin Haroon 2019-04-18 09:09:09

Interbank currency swaps under agreements to exchange cash flows at later dates dominate the country's foreign exchange market shielding the forex reserve to a great extent from any pressure. Banglad...

Working age population rises to 62.7 per cent

Working age population rises to 62.7 per cent

FE Online Report 2019-04-17 16:56:27

The significant rise in the country’s working age population – from 49 per cent in 1994 to 62.7 per cent in 2018 –provides a demographic dividend to the economy. This was pointed ou...

China Q1 GDP growth steadies at 6.4pc

China Q1 GDP growth steadies at 6.4pc

-- 2019-04-17 13:36:48

China’s economy grew 6.4 per cent in the first quarter from a year earlier, official data showed on Wednesday. The growth of the second largest economy of the world is above expectations and st...

BB reserve heist case probe report submission on May 21

BB reserve heist case probe report submission on May 21

-- 2019-04-17 12:38:25

A Dhaka court has set May 21 for submitting probe report in the case lodged over Bangladesh Bank (BB) reserve heist that took place in 2016. Dhaka Metropolitan Magistrate Sadbir Yasir Ahsan Chow...

Survey on VAT payers’ satisfaction: Respondents give mixed reaction

Survey on VAT payers’ satisfaction: Respondents give mixed reaction

Doulot Akter Mala 2019-04-17 10:05:02

Tax officials declined to accept relevant papers from some 43 per cent of large VAT (value added tax) payers, a survey of the revenue board has revealed. The papers that the tax payers produced were...

BB data server at high risk of cyber attack

BB data server at high risk of cyber attack

Syful Islam 2019-04-17 09:47:43

The data server of the central bank is found to be at high risk of a cyber attack as hackers have reportedly again installed malware there, officials have said. Malware in the central server of the B...

UK pay growth hits fresh decade high

UK pay growth hits fresh decade high

-- 2019-04-16 15:14:38

British workers’ pay grew at its joint fastest pace in over a decade, fuelled by further job creation, adding to suggestions that Brexit uncertainty is prompting firms to hire workers rather tha...