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Search results for: economy

Freelancers’ remittance receipt ceiling doubled

FE Report September 13, 2019 10:28:13

The central bank has doubled the limit of small service exporters for receiving remittances through online gateway operators. These small-value exporters are now allowed to receive overseas payments...

IDRA forms compliance committee

FE Report September 13, 2019 10:26:02

The Insurance Development and Regulatory Authority (IDRA) has formed a surveillance committee to monitor the compliance of paying 15 per cent agent commission by the insurers, according to a press sta...

Climate crisis could see collapse of some economies: UN

-- September 12, 2019 12:20:53

United Nation’s trade chief has said climate change poses an “existential threat to commodity-dependent developing countries” and highlighted the need to diversify economies and expo...

Govt's bank borrowing soars as savings tools sales drop

-- September 12, 2019 11:43:17

A fall in sales of savings certificates along with slow revenue collection has forced the government into heavily taking loans from banks in order to pay expenses. The government’s borrowing ex...

Source-tax on bank deposits up 16.18pc in FY 2019

Doulot Akter Mala September 12, 2019 09:45:26

The collection of tax at source from bank depositors posted a gain in fiscal year (FY) 2018-19, showing 16.18-per cent growth over that of the corresponding period in FY '18. This rise in the source-...

Infographic: Financial inclusion in Bangladesh

-- September 11, 2019 17:58:53

The following infograph considers salient data points to highlight the growth of financial inclusion in Bangladesh, through agent banking and mobile financial services, aided by favourable government...

WeWork IPO valuation likely below $20 billion, clouding SoftBank’s vision

-- September 10, 2019 20:29:01

WeWork owner The We Company is weighing slashing the valuation of its forthcoming IPO to below $20 billion, two sources said, in the latest headwind for leading shareholder SoftBank Group whose key gr...

Ford makes big electric push in Europe with new launches

-- September 10, 2019 19:45:40

Ford Motor Co said on Tuesday it would launch eight electric vehicles in Europe this year, a key step in its target of achieving a majority of its overall sales from electric cars by the end of 2022,...

White House adviser urges patience in US-China trade talks

-- September 10, 2019 19:07:39

White House adviser Peter Navarro on Tuesday called for investors, the public and others to be patient ahead of key US-China trade negotiations planned for next month between top officials in Washingt...

Bengaluru Goldman official swindled 380 million to pay off poker debt

-- September 10, 2019 18:41:39

A senior executive of global investment firm Goldman Sachs was arrested in Bengaluru on Tuesday for allegedly swindling the firm of Rs. 380 million to overcome financial losses while playing an online...

RBI external benchmark for bank loans credit negative: Moody’s

-- September 10, 2019 17:19:25

Moody’s Investor Service on Tuesday said the RBI’s mandate on aligning commercial bank floating loan rates to the external benchmark from next month is credit negative for Indian banks, re...

Nissan CEO resigns after admitting he was overpaid

-- September 10, 2019 15:46:25

Nissan CEO Hiroto Saikawa has resigned, dealing a new blow to the Japanese carmaker as it struggles to recover from the ousting of Carlos Ghosn last November, reports CNN Business. The company’...

Apple may spark upgrade rush with new iPhones

-- September 10, 2019 14:40:37

Apple Inc could sell as many as 200 million of its latest iPhones from existing users upgrading their older devices and much of that demand will come from China despite an ongoing trade war, several W...

Oil rises for fifth day on expectations of extended output cuts

-- September 10, 2019 13:53:39

Oil futures rose for a fifth day, rising to their highest in almost six weeks, on optimism that OPEC and other producing countries may agree to extend output cuts to support prices, reports Reuters....

Xiaomi unveils 30W wireless charging technology

-- September 10, 2019 13:38:18

Chinese handset maker Xiaomi has showcased its 30W wireless fast charging technology that it calls Mi Charge Turbo, which aims to charge a 4,000mAh battery from 0 to 50 per cent in just 25 minutes, re...

Bangladeshi workers exploited, traded between firms in Malaysia

-- September 10, 2019 12:49:27

KUALA LUMPUR, Sept 10:  Bangladeshi nationals were allegedly being worked and traded between firms in slave-like conditions that violated Malaysian labour laws, according to a news report today p...

India to restore 26m hectares of degraded land by 2030: Modi

-- September 10, 2019 11:05:50

NEW DELHI, Sept 10: India will restore 26 million hectares of most degraded and vulnerable land by 2030 by adopting a landscape restoration approach. “This will be focused on restoring land pro...

Freelancers allowed to remit enhanced IT expenses

FE Report September 10, 2019 10:06:36

The central bank has enhanced the ceiling for outward remittances in case of IT expenses through digital wallet to US$500 from the earlier $300 to support freelancers, officials said. "We've increase...

NBR set to zoom in on healthcare providers

Doulot Akter Mala September 10, 2019 10:01:09

Healthcare service providers are set to come under the scanners of the tax authority for checking tax evasion through verification of their deposit of tax at source to the public exchequer. The Natio...

Transfer of funds to govt: Kamal takes a swipe at extravagant state entities

FE Report September 10, 2019 09:53:48

Finance Minister AHM Mustafa Kamal on Monday insisted the autonomous public agencies cannot utilise their funds according to their wish as they are not the government. "[But] they are utilising their...

India-funded projects progress at a snail's pace

bdnews24.com September 09, 2019 16:42:45

Projects worth more than $7.36 billion undertaken by Bangladesh under the credit agreements signed with India have been bogged down by lengthy land acquisition processes and design changes. The gover...

Japan’s April-June GDP growth revised down to 1.3pc

Xinhua September 09, 2019 15:33:05

Japan's economic growth was downwardly revised from an initial annualised real 1.8 per cent in the April-June quarter to 1.3 per cent in the period, the government said in a report on Monday. Accordi...

Act now to get ready for recession, think-tank urges UK

Reuters September 09, 2019 10:54:51

Britain is not ready for its next recession and must consider changes to the way it manages its economy to see off the downturn when it comes, the Resolution Foundation, a think-tank, said on Monday....

Create economic corridor in northeast region: ADB study

FE Report September 09, 2019 10:22:10

The Manila-based Asian Development Bank (ADB) on Sunday suggested setting up of an economic corridor in the country's north-eastern region, comprising nine districts, to tap its potential. The Northe...

BRI can speed up BD attaining goals: Experts

FE Report September 09, 2019 10:00:58

China's Belt and Road Initiative (BRI) could help Bangladesh achieve its long-term development goals in the current shift of global political economy, experts at an international conference said on Su...

Govt allocates Tk 4.65b for giving loan without interest to rural people

-- September 08, 2019 20:34:03

The government has allocated around Taka 4.65 billion for giving loan without interest to the insolvent and disabled people in villages under the Rural Social Service (RSS) programme in the country....

China's August forex reserves rise to $3.1072 trillion

Reuters September 08, 2019 15:43:24

China’s foreign exchange reserves rose unexpectedly in August, even as the yuan posted its biggest monthly drop in 25 years amid escalating trade tensions with the United States. The country&rs...

BD reaching danger level of income inequality: Economists

FE Report September 08, 2019 10:33:33

Economists made on Saturday an urgent call for measuring growth with equity as Bangladesh is reaching the danger level of income inequality. Alongside a uniform and quality education system at all le...

Fourth South Asia Economic Network Conference kicks off

FE Online Report September 07, 2019 19:57:44

The Fourth South Asia Economic Network Conference started at BRAC Centre Inn in the capital on Saturday. South Asian Network for Economic Modelling (SANEM), South Asia Economic Policy Network and The...

ADB workshop on “Northeast Bangladesh Economic Corridor Development” Sunday

FE Online Desk September 07, 2019 12:59:38

A consultation workshop on “Northeast Bangladesh Economic Corridor Development” will be held in Dhaka on Sunday.   Mr. A H M Mustafa Kamal, Finance Minister and Mr. Muhammad Abdul M...