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Search results for: economy

Loan defaulters cashing in on BB circular, lawyer tells HC

FE REPORT October 25, 2019 11:10:19

In the High Court hearing on a writ petition on Thursday, Advocate Manzill Murshid said 'headstrong loan defaulters' are taking advantage of the circular issued by the Bangladesh Bank. The circular a...

BB to address customers' hassles in account opening

Siddique Islam October 25, 2019 10:36:44

The Bangladesh Bank has sought explanation from 49 banks for the alleged harassment of their customers in opening fresh accounts, officials said. The Bangladesh Financial Intelligence Unit has been i...

US-China trade reprieve makes no dent on recession chances: Poll

-- October 24, 2019 14:49:47

The recent truce in the US-China trade war is not an economic turning point and has done nothing to reduce a significant risk that the United States could slip into recession in the next two years, a...

BD to reach double-digit in ease of doing business by 2022: Salman

-- October 24, 2019 13:17:01

Bangladesh will secure a place among the top 99 countries in the global ease of doing business rankings by 2022, said Prime Minister’s Private Industry and Investment Adviser Salman Fazlur Rahma...

S Korea GDP grows 0.4pc in third quarter

-- October 24, 2019 13:08:42

South Korea’s economy grew at a slower pace of 0.4 per cent in the third quarter (Q3) from the previous quarter, slightly missing market expectations, preliminary central bank estimates showed o...

BD moves up eight spots in ease of doing business index

FE ONLINE DESK October 24, 2019 10:42:14

Bangladesh has moved up eight spots to 168 in the World Bank's Ease of Doing Business index 2020. The country's ranking was 176 in the last year, according to a report by the World Bank Group. A tot...

BB privilege for defaulters: ACC submits new statement to HC

FE REPORT October 24, 2019 10:37:46

The Anti-Corruption Commission (ACC) on Wednesday submitted a new written statement to the High Court during the hearing on a case filed challenging a central bank circular. The circular allowed defa...

Ukraine forecasts GDP growth of up to 3.7pc in 2020

-- October 23, 2019 14:42:04

The Ukrainian government predicted next year's gross domestic product (GDP) growth to be up to 3.7 per cent, Interfax Ukraine reported on Tuesday. Sergiy Nikolaichuk, deputy minister of economic deve...

Phenomenal rise in industrial sector NPL

SIDDIQUE ISLAM October 23, 2019 09:59:47

The volume of classified loans, belonging to the industrial sector, jumped by more than 48 per cent in the fiscal year (FY) 2018-19. The main reason for a big leap was attributed mainly to the additi...

IMF official urges multilateral cooperation to resolve trade tensions

-- October 22, 2019 18:26:34

A senior official of the International Monetary Fund (IMF) has urged countries to strengthen multilateral cooperation to resolve trade tensions and continue speeding up global economic integration. "...

ECNEC approves five projects involving Tk 46.37 billion

BSS October 22, 2019 17:09:13

The Executive Committee of the National Economic Council (ECNEC) has approved a total of 5 projects during its meeting on Tuesday involving an overall estimated cost of Tk 46.37 billion. The ECNEC me...

German budget surplus at 1.7pc of GDP in Q2

-- October 22, 2019 15:48:54

Germany’s seasonally adjusted budget surplus was 1.7 per cent of the country’s GDP in the second quarter (Q2), down from 2.0 per cent in the previous three months, data from the European U...

Bangladesh seeks French investment in major sectors

-- October 22, 2019 15:12:39

Foreign Minister Dr AK Abdul Momen has urged French investors to invest in Bangladesh with focus on infrastructure, renewable energy, waste management and ICT sectors.  He made the call when he...

Global renewable power capacity to rise by 50pc

-- October 22, 2019 00:31:53

Global renewable energy capacity is set to rise by 50 per cent in five years' time, driven by solar photovoltaic (PV) installations on homes, buildings and industry, according to the International Ene...

Emphasis on taxing digital commerce to tackle debt

-- October 21, 2019 18:40:28

Commonwealth finance ministers have recognised the potential of technology to improve debt transparency while urging closer collaboration to resolve tax challenges arising from growing digital commerc...

S Korea's export drops 19.5pc in first 20 days of Oct

-- October 21, 2019 13:48:09

South Korea's export dropped in double figures in the first 20 days of this month on the continued downturn of business cycle in the global semiconductor industry, customs office data showed Monday....

Mahathir warns of possible trade sanctions on Malaysia

Reuters October 21, 2019 10:31:05

Malaysian Prime Minister Mahathir Mohamad said on Monday his exports-reliant country could be hit with trade sanctions amid rising protectionism highlighted by the US-China tariff war. Mahathir did n...

Thailand's 2020 budget bill passes first reading

-- October 20, 2019 12:03:25

Thailand's House of Representatives narrowly voted to approve the 2020 budget bill on Saturday. Following three days and nights debating on the 3.2 trillion baht (about 105.43 billion US dollars) bud...

‘Some banks, financial institutions facing crisis’   

FE Online Report October 19, 2019 20:07:58

Stating that some banks and financial institutions are facing crisis and navigating through difficult time, experts on Thursday said, proper monitoring, policy reforms, frequent auditing and selection...

Bangladesh to get highest assistance from WB: Finance minister

BSS October 19, 2019 16:54:09

Finance Minister AHM Mustafa Kamal has expressed his hope that Bangladesh would get its highest loan assistance from the World Bank this time.  “The World Bank is very much eager to lend a...

‘Substantial progress’ in China-US trade consultations

Global Times October 19, 2019 16:48:33

In a new round of trade consultations between China and the US held in Washington, the two sides achieved substantial progress in multiple areas, laying a significant groundwork for the signing of a p...

BEZA to launch One-Stop Service on Oct 21

FE Report October 19, 2019 11:00:48

Bangladesh Economic Zones Authority (BEZA) is set to launch its One-Stop Service on Monday with 11 categories of licences and approvals aiming to facilitate investments in the country. Investors will...

BB resumes dollar sale to banks

FE REPORT October 19, 2019 10:39:35

The central bank has restarted providing foreign exchange (forex) support to banks through selling the US dollars to them in October after one month's interval to keep the market stable, officials s...

Act promptly to fix banking ills: IMF

Siddique Islam October 19, 2019 10:16:56

The International Monetary Fund (IMF) has put forwarded a six-point recipe for Bangladesh to address its banking sector weaknesses. The recommendations include strong corporate governance, enforcing...

World finance officials facing host of problems

AP October 18, 2019 19:54:00

The leaders of the 189-nation International Monetary Fund and its sister organisation, the World Bank, are laying out their visions for the future, hoping to achieve a world with less extreme poverty...

EU leaders approve Lagarde’s ECB appointment

AP October 18, 2019 19:42:46

European Union leaders have approved the appointment of Christine Lagarde as the next president of the European Central Bank. The former International Monetary Fund managing director will replace Mar...

China's GDP grows 6.2 pc in first three quarters

-- October 18, 2019 15:36:39

China's GDP expanded 6.2 per cent year on year in the first three quarters of 2019 to about 69.78 trillion yuan (about 9.87 trillion US dollars), data from the National Bureau of Statistics (NBS) show...

NBR cuts taxes on MS products, cement sheet

FE REPORT October 18, 2019 10:24:47

The National Board of Revenue (NBR) has reduced taxes on mild steel (MS) products, cement sheet, bidi and some other raw materials for the steel sector. Officials said the revenue board has slashed...

Ctg-Chennai-Europe shipping route opens in Nov

JASIM UDDIN HAROON October 18, 2019 10:21:07

A new strategic Chattogram-Chennai-Europe shipping route is likely to commence next month which is expected to reduce lead time. Currently, Chattogram-Colombo, Chattogram-Singapore and Chattogram-Por...

China's FDI inflow rises 6.5pc in Jan-Sep

Xinhua October 17, 2019 17:22:15

Foreign direct investment (FDI) into the Chinese mainland expanded 6.5 per cent year on year to 683.21 billion yuan in the first three quarters of the year, an official with the Ministry of Commerce (...