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Search results for: economy

Economy thriving on 'mega projects'

FE REPORT November 04, 2019 10:24:43

The country's macro-economy is now dependent on public investment meant for building mega projects, said local think-tank Centre for Policy Dialogue, or CPD, on Sunday. The CPD said such type of econ...

CPD shows concern for government's reliance on public investment

FE Online Report November 03, 2019 17:15:29

The government is stepping into an economic management system which is fully based on public investment, where infrastructure comprises all outlays, Centre for Policy Dialogue (CPD) distinguish fellow...

China top source of FDI in BD

ASJADUL KIBRIA November 03, 2019 14:24:09

China became the top source of the inflow of foreign direct investment (FDI) in Bangladesh in the past fiscal year (FY19) ended on June 30, 2019. Detailed statistics on FDI, released by Bangladesh Ba...

Public, private sectors complement each other: Finance minister

-- November 02, 2019 18:52:59

Stressing the need for creating a bridge between the public and private sectors, Finance Minister AHM Mustafa Kamal has said both the sectors are complimentary to each other and the private sector can...

SANEM arranges second series of SDG workshop

FE Online Report November 02, 2019 18:24:49

South Asian Network on Economic Modelling (SANEM) SDG Centre held its second workshop on Saturday (November 02, 2019) at a hotel in the capital. The workshop had three sessions in total, conducted se...

China invests $10b in B&R countries in first three quarters

-- November 02, 2019 13:45:26

China's non-financial investment in countries along the Belt and Road (B&R) stood at 10.04 billion US dollars in the first three quarters, down 6.9 per cent year on year, according to the Ministry...

Developing soft skills a must

FE Online Desk November 02, 2019 12:34:20

Developing the soft skills is urgently needed to be a successful entrepreneur. "Focusing on your communication skills -- from reading body language to summing up your value in a f...

Govt's bank borrowing may reach Tk 55b this month

SIDDIQUE ISLAM November 02, 2019 10:06:18

The government is set to borrow a net Tk 55 billion from the country's banking system for the month of November to partly meet its budget deficit, officials said. The government may take up to Tk 144...

Tannery village to be set up in Mirsarai Economic Zone

-- November 01, 2019 17:16:30

Tannery Village, the second of its kind in the country, will be set up in Mirsarai Economic Zone (MEZ) in Chattogram in the near future. MEZ has awarded allocation of nearly 300 acres of land from BS...

NBR begins tax survey to identify 1.2m new taxpayers

-- November 01, 2019 17:02:29

The National Board of Revenue (NBR) has started a fresh tax survey to identify 1.2 million new tax payers in the country. Different tax zones across the country are conducting the month-long survey b...

BD tops list of Japan ODA recipients

MUNIMA SULTANA November 01, 2019 11:10:35

Bangladesh came out on top of the league of recipients of loans from Japan in the Japanese fiscal year (JFY) 2018, thanks to significant progress in the JICA-funded projects here. Against the disburs...

ADB aid pledge to hit $1.7b this year

AZM ANAS, from Manila November 01, 2019 09:56:29

The Asian Development Bank (ADB) will boost its aid commitment to Bangladesh this year, prodded by its growth potential while helping the country reach its next stage, its senior executive has said....

Canada eyes more investment in Bangladesh

FE RERORT October 31, 2019 18:09:21

Canada on Thursday expressed their interest to enhance business and investment in Bangladesh as the bilateral ties between the countries has been strengthened. Canadian High Commissioner Benoit Prefo...

BOJ sends clearer signal of rate cut chance; keeps policy steady

-- October 31, 2019 13:24:32

The Bank of Japan kept monetary policy steady on Thursday as expected but offered a stronger signal it may cut interest rates in future, underscoring its concern that overseas risks could derail the c...

Mexican economy shrinks 0.4pc in third quarter

-- October 31, 2019 12:08:06

Mexico's economy contracted 0.4 per cent in the third quarter (Q3) of 2019 compared to the same period in 2018, according to a preliminary report. The contraction is smaller than the 0.8 per cent d...

BGMEA for retroactive reduced source tax

FE Report October 31, 2019 10:40:19

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sought scope to pay reduced source tax retrospectively from July 01. The new rate-0.25 per cent from 1.0 per cent-was made...

Move to import 4.2 million tonnes of petroleum in 2020

UNB October 30, 2019 21:59:57

The government will import about 4.2 million tonnes of petroleum from different countries in 2020 to meet the domestic requirements. The Cabinet Committee on Economic Affairs at a meeting on Wednesda...

WIEF, SEACO hail BD’s economic progress in last decade

BSS October 30, 2019 20:07:15

Leaders of the World Islamic Economic Forum (WIEF) and the South East Asian Cooperation (SEACO) Foundation have highly praised Bangladesh’s impressive economic progress in the last one decade....

Australian gov’t pledges $685m for clean energy production

-- October 30, 2019 13:57:45

Australian Prime Minister Scott Morrison has announced a boost in funding for clean energy production in order to lower power prices and avoid blackouts. Morrison said on Wednesday that the CEFC woul...

Govt, WB sign $100m financing deal for safe water, sanitation

-- October 30, 2019 13:51:44

Bangladesh on Wednesday signed a $100 million financing agreement with the World Bank to ensure improved water supply, sanitation, and drainage system in 30 selected municipalities, benefitting about...

PM assures all-out support to expand export basket

-- October 30, 2019 13:09:54

Prime Minister Sheikh Hasina has assured the country’s businesspeople of extending all-out cooperation to them in producing diversified products and exporting those to new markets across the wor...

Aid disbursement drops in Q1

FHM HUMAYAN KABIR October 30, 2019 10:02:17

Foreign aid received by Bangladesh from development partners has dropped by US$56 million in the first quarter of the current fiscal year (FY) 2019-20 compared to that of the same period in the previo...

Asia-Pacific economies need to inject $42b into farming by 2030

AZM Anas, from Manila October 29, 2019 16:51:31

Asia and the Pacific nations, including Bangladesh, need to pump as much as US$42 billion into the agriculture sector by 2030 to eliminate hunger from the region, an authoritative study has reckoned....

Tokyo inflation remains stagnant after sales tax hike

-- October 29, 2019 13:50:48

The core consumer prices in Japanese capital Tokyo, a leading indicator of nationwide inflation, rose 0.5 per cent in October from a year earlier, data showed on Tuesday. The data offered the first c...

Govt focuses more on bank borrowing to meet budget deficit

SIDDIQUE ISLAM October 29, 2019 09:38:43

The government borrowed nearly Tk 280 billion from the country's banking system in more than 100 days of the current fiscal year (FY) to meet the budget deficit, partially. A falling trend in sales o...

Income tax fair to begin November 14

BSS October 28, 2019 16:36:06

Like the previous years, weeklong Income Tax Fair will begin across the country from November 14 aiming to extend tax-related services and raise awareness on paying tax. National Board of Revenue (NB...

ADB lauds Bangladesh for self-sufficiency in rice output

A.Z.M. ANAS from Manila October 28, 2019 16:30:03

The Asian Development Bank (ADB) has lauded Bangladesh for achieving self-sufficiency in rice output, but voiced worry over falling income of farming community. “This progress was largely drive...

Iran’s economy expected to shrink by 9.5pc

-- October 28, 2019 13:47:33

Iran’s economy is expected to shrink by 9.5 per cent this year, compared to a prior estimate of a 6.0 per cent contraction, the International Monetary Fund (IMF) has said. However, the IMF sa...

FTA with US to benefit BD

SYFUL ISLAM October 28, 2019 09:55:05

Bangladesh looks to sign a free trade area (FTA) deal with the United States as it failed to get restored the generalised system of preferences (GSP) facility. The Bangladesh Tariff Commission (BTC)...

Agriculture no more dominating country's population

FE Online Report October 27, 2019 16:58:34

Agriculture is no more dominating the country as farmer families comprise only 47 per cent of its total households, a new government census says. The information was revealed from the report of Agric...