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Search results for: economy

Japan to cut rate on BD loans from Oct

FHM Humayan Kabir September 24, 2019 09:56:45

Japan is likely to reduce the interest rate on its lending to Bangladesh by 0.30 percentage points to 0.65 per cent from next month (October), officials said on Monday. In October 2017, the Japan Int...

BD sixth highest recipient of remittance from UAE

FE Online Desk September 23, 2019 15:42:51

Bangladesh became the sixth highest recipient of remittance from the United Arab Emirates in the first half of 2019. The Bangladeshi expatriates made up 3.7 per cent of earnings made by migrants in t...

Real estate, housing sector's share in GDP 7.8pc: Survey

FE Online Report September 23, 2019 15:17:47

The real estate and housing sector contributes 7.8 per cent or Tk 1.415 trillion of the country's gross domestic product (GDP), according to a survey of the Bangladesh Bureau of Statistics(BBS). The...

S Korea's ICT export posts double-digit fall in August

-- September 23, 2019 13:15:33

South Korea's export of information and communications technology (ICT) products fell in double digits last month on weak demand and lower product price, a government report showed Monday. The ICT ex...

TIB hails Beximco contribution to nat’l economy

FE Online Desk September 23, 2019 13:07:56

Transparency International Bangladesh (TIB) has commended Beximco Group, one of leading business conglomerates in the country, for its contribution to the national economy. The Bangladesh chapter of...

BB drafts law to check counterfeit currency

Doulot Akter Mala September 22, 2019 10:35:09

The central bank has prepared the draft of a first-ever law designed to prevent production, supply and use of counterfeit currency. The draft proposes the maximum life-time imprisonment for the offen...

A big fiscal splash still a step too far for Europe

-- September 21, 2019 14:31:44

Prodded by worries about the worst global economic outlook in a decade and electorates still smarting from years of austerity, euro zone governments are starting to loosen their budgetary purse string...

Germany plans €54 billion climate deal

-- September 21, 2019 13:03:08

Chancellor Angela Merkel's coalition government has agreed to set a price on carbon emissions in a bid to meet a 2030 climate target of cutting greenhouse gases by 55.0 per cent on 1990 levels. The p...

Global growth to hit 11-year low: OECD

-- September 20, 2019 14:07:21

The Organization for Economic Cooperation and Development (OECD) has predicted further slowdown in the global economy this year and in 2020, citing escalating trade tension and high policy uncertain...

Supply chain finance: Call to craft policy guidelines

FE Report September 20, 2019 10:58:34

Bankers and experts on Thursday called for framing a comprehensive policy guideline for supply chain financing, saying it could help develop smaller firms. They said Bangladesh Bank (BB) should form...

IMF’s panacea to retain trust in banking system

Siddique Islam September 20, 2019 10:07:36

The International Monetary Fund (IMF) has suggested the regulatory authorities adopt a comprehensive timely action plan to help maintain confidence in the banking system. It has recommended that the...

Outbound travel rises but tax receipts drop

Doulot Akter Mala September 20, 2019 10:06:39

Travel tax collection slipped by almost 8.0 per cent during the last fiscal year, despite a surge in the number of outbound passengers from the country. The National Board of Revenue (NBR) collected...

BOJ holds rate amid global uncertainties

-- September 19, 2019 14:48:42

The Bank of Japan (BOJ) has voted to leave its ultra-easy monetary policy unchanged at the conclusion of its two-day policy-setting meeting. The central bank on Thursday took the decision despite a n...

Find funds from other sources for power dev work: Nasrul

FE Report September 19, 2019 10:43:28

State minister for power, energy and mineral resources Nasrul Hamid has asked state-run power entities to find alternative finances instead of government funds to accomplish development work. They sh...

IMF projects GDP growth rate at 7.6pc

FE Report September 19, 2019 10:13:53

The International Monetary Fund (IMF) projected that the economy of Bangladesh would grow 7.6 per cent in fiscal year (FY) 2019-20. The IMF projected the GDP growth rate at 8.0 per cent for FY 2018-1...

Canada posts budget deficit of $10b in FY2018-19

-- September 18, 2019 12:50:39

Canada ended the fiscal year 2018-2019 with a deficit of 14 billion Canadian dollars (10.6 billion US dollars) on March 31, said the Finance Department Tuesday. In fiscal year 2017-2018, Canada saw a...

Changes in laws to put lid on SoCBs’ NPL buildup

FE Report September 18, 2019 10:33:44

Finance Minister AHM Mustafa Kamal said on Tuesday they would bring necessary changes in the existing laws to prevent possible buildup of bad loans in the state-owned commercial banks (SoCBs). He sai...

Ecnec approves eight projects involving Tk 89.68b

-- September 17, 2019 14:04:45

The Executive Committee of the National Economic Council (Ecnec) has approved eight projects involving Tk 89.68 billion. The approval came from the Ecnec meeting held at the NEC conference room with...

ADB President Takehiko Nakao announces resignation

Xinhua September 17, 2019 13:52:42

Takehiko Nakao announced his resignation on Tuesday as the president of the Asian Development Bank (ADB), effective Jan. 16, 2020. Nakao assumed office as the bank's president on April 28, 2013.

US reaches trade deals with Japan

Reuters September 17, 2019 13:23:39

US President Donald Trump said on Monday Washington had struck trade agreements with Tokyo that could be implemented without congressional approval, but stopped short of assuring Japan that new tariff...

Govt to import 1.4m mts petroleum for H2

-- September 17, 2019 11:02:10

The government will import 1.4 million metric tonnes of refined petroleum for a six-month period (July-Dec) of the current year from seven state-owned companies of six countries through negotiations....

Credit flow to new SMEs dries up

Siddique Islam September 17, 2019 10:52:34

Credit flowing to new small entrepreneurs fell significantly in the first-half of the year as risk-averse bankers were unwilling to offer such loans. The total lending to the fresh small and medium...

'Competition law to boost GDP'

FE Report September 16, 2019 10:04:02

Chairperson of the country's Competition Commission Abdur Rouf said on Sunday the practice of competition will help raise gross domestic product (GDP) by 2.0-3.0 per cent a year. In theory, the compe...

Pound climbs to highest level since July

-- September 15, 2019 16:33:47

The pound has hit its highest level against the dollar since July in Britain amid hopes a no-deal Brexit can be avoided. Sterling jumped more than 1 per cent on Friday to over $1.24 against the dolla...

BD to attract $10b investment from UAE

FE Online Desk September 15, 2019 12:29:06

A number of UAE business groups are set to invest $10 billion (Dh36.7 billion) into Bangladesh, according to data compiled by Bangladesh Economic Forum, which takes place at Conrad Dubai Hotel today (...

UAE business groups to invest $10.0b in Bangladesh

-- September 14, 2019 20:38:53

A number of UAE business groups are set to invest $10 billion in Bangladesh, according to the Bangladesh Economic Forum, which will take place at Conrad Dubai Hotel in Dubai on Sunday. More than 300...

US, China tariffs could lower global GDP in 2020: IMF

-- September 13, 2019 21:53:52

Tariffs imposed or threatened by the United States and China could shave 0.8 per cent off global economic output in 2020 and trigger more losses in future years, the International Monetary Fund said o...

German economy not heading for pronounced recession: Ministry

-- September 13, 2019 21:15:08

Europe's largest economy is not facing a bigger downturn or a pronounced recession after contracting slightly in the second quarter but there are no signs of a turnaround yet either, the German Econom...

AIIB considering four more infrastructure projects in Bangladesh

BSS September 13, 2019 18:49:34

The Asian Infrastructure Investment Bank (AIIB) is considering financing four more projects for contributing further to the country’s infrastructure development, a top AIIB official said. The p...

$5.0b ADB funding to bankroll major dev projects

-- September 13, 2019 17:19:36

The Asian Development Bank or ADB is set to disburse around $5.0 billion to finance several major development projects in Bangladesh between 2020 and 2022, reports bdnews24.com.  The financial i...