Search results for: economy

'Tax immunity for utmost need only'

FE Report 2018-01-26 12:57:06

The National Board of Revenue (NBR) will rein in its tax exemption provision in a bid to extend it only in case of utmost necessity, said its chief. "We will not provide tax exemption facility on the...

Savings tools’ net sales reach Tk 238.23b

FE Report 2018-01-26 12:41:30

Net sales of savings instruments reached Tk 238.23 billion in the first half of current fiscal year (FY). The amount is nearly 1.50 per cent or Tk 3.49 billion higher than that of Tk 234.73 billion d...

Govt changes modality of hiring contractors for mega projects

Munima Sultana 2018-01-26 12:00:00

Learning by experience of time-and-cost overruns in public works, the government is now adopting a new modality of ensuring the hiring of qualified and competent firms mainly for road sector mega-proj...

Japan economy: Little hope on inflation front

-- 2018-01-26 11:22:04

Japan’s inflation in December continued to lag a strong economic revival, leaving the central bank in a dilemma on how to turn off crisis-era stimulus policies that even some of its own board me...

ADB for more cooperation to boost dev of Asia-Pacific

FE Online Desk 2018-01-26 06:43:37

The Asian Development Bank (ADB) expects more cooperation with the Asian Infrastructure Investment Bank (AIIB) to boost the development of the Asia-Pacific region. ADB resident mission in Dhaka, its...

Euro zone corporate lending falls in Dec

-- 2018-01-26 03:37:26

Growth in euro zone corporate lending slowed in December, slipped from its post-crisis high, while a broader indicator of money circulating in the currency bloc dipped against expectations, data sho...

S’pore Dec factory output hits two-year low

-- 2018-01-26 03:23:39

Singapore’s industrial production grew at its slowest pace in two years in December, driven by a slump in pharmaceuticals production. The manufacturing output in the previous month fell for the...

Int'l Custom Day being observed 

FE Online Desk 2018-01-26 01:58:39

Bangladesh is celebrating the International Customs Day along with 179 member countries of the World Customs Organization (WCO). The theme of the day this year is -"A Secure Business Environment fo...

Law to punish currency counterfeiters soon

Syful Islam 2018-01-25 12:00:00

The government is going to enact a law keeping the provisions of fine, up to Tk 10 million, and life-term jail if one found guilty of producing and circulating counterfeit currency notes in the countr...

IDB cancels $175.5m BD projects

-- 2018-01-25 12:00:00

The Islamic Development Bank ( IDB) has withdrawn $175.5 million fund commitments for two projects in Bangladesh as the country could not comply with policy deadlines. The bank’s Director Gener...

NBR for instant upload of import papers to stop data tampering

Doulot Akter Mala 2018-01-25 09:44:46

The customs wing of the revenue board has requested the central bank to upload relevant import documents on the web platform instantly to keep dishonest importers from evading tax through tampered doc...

NBR, financial intelligence unit move to arrest money laundering

FE Online Report 2018-01-25 08:24:01

The National Board of Revenue (NBR) decided to tie up with the Bangladesh Financial Intelligence Unit (BFIU) to check money laundering and help bring back siphoned money. NBR Chairman Md Mosharrof Ho...

Malaysia raises interest rate to 3.25pc

-- 2018-01-25 03:34:01

Bank Negara Malaysia (BNM) on Thursday raised its key interest rate to tap the brakes at a time growth has been robust and inflation creeping up. The central bank raised the key rate by 25 basis poin...

Autumn holiday hits S Korean Q4 export

-- 2018-01-25 02:52:00

Autumn holiday in October hit fourth-quarter industrial output of South Korea, as the car exporters and industrial production failed to keep up the dashing pace. The economic output of the fourth l...

Auto industry to drive Japan economy, data shows

-- 2018-01-24 12:07:54

The strength of the automotive industry will play a major role in Japan's continued trade growth, say the findings of the Global Trade Barometer released on Wednesday by DHL, the world's leading logis...

BCIC to wind up Ghorashal, Palash fertiliser factories

Jubair Hasan 2018-01-24 12:00:00

Bangladesh's two decades-old major urea-manufacturing units -- Ghorashal and Palash fertiliser factories -- are destined to be history as government authorities decided to dismantle both, officials sa...

NBR allows businesses to submit VAT returns thru courier, e-mail

FE Online Report 2018-01-24 12:00:00

Businesses from now on will be able to submit their Value Added Tax (VAT) returns through guaranteed express post (GEP), courier and e-mail. The revenue authority of the country – National Boar...

Maximum facilities now on offer for entrepreneurs: PM

-- 2018-01-24 12:00:00

Prime Minister Sheikh Hasina has said Bangladesh is an excellent investment destination as the country provides maximum facilities for entrepreneurs. Sheikh Hasina also invited both the local and for...

Govt okays framework to assess SDG progress

FE Online Report 2018-01-24 12:00:00

The government has approved the monitoring and evaluation (M&E) framework for Sustainable Development Goals (SDGs) in a bid to assess the implementation progress year-on-year.  The framewor...

Private-sector credit squeezes as banks tighten belt

Siddique Islam 2018-01-24 09:56:26

Credit to private sector squeezed in December after a preceding upturn as most banks tried to comply with strictly-enforced advances-deposit ratio (ADR) rules, bankers said. "Banks were more focused...

South Korea Q4 GDP grows 0.1pc

-- 2018-01-24 03:12:06

The gross domestic product (GDP) of South Korea is expected to have slowed significantly in the fourth quarter (Q4) as October’s national holiday weighed on factory output. The economic growth...

Beijing govt to keep GDP target at 6.5pc

-- 2018-01-24 02:53:36

Beijing’s municipal government is likely to keep its 2018 gross domestic product (GDP) target at around 6.5 per cent, on par with the objective that Shanghai has set for itself this year. The t...

Banks under pressure for asset mismatch

Siddique Islam 2018-01-23 12:00:00

Banking sector bears some pressures from declining asset quality, particularly of the state-owned banks, and tighter liquidity in some fourth-generation private banks, said the central bank. The Bang...

Global FDI drops in 2017: UNCTAD

FE Online Report 2018-01-23 12:00:00

Global flows of Foreign Direct Investment (FDI) dropped by 16 per cent in 2017, according to the latest UNCTAD Global Investment Trends Monitor. The UN body estimated the provisional value of globa...

India’s growth set to lead global economy: Survey

-- 2018-01-23 12:00:00

India's economy holds the brightest growth prospects amongst the world's seven largest economies, according to results from the Global Trade Barometer released on Monday by DHL, the world's leading lo...

IMF projects 3.9pc growth for world economy

FE Online Report 2018-01-23 12:00:00

World economy may post 3.9 per cent growth in the current year, according to the latest projection of the International Monetary Fund (IMF). The fund released the World Economic Outlook Update Monday...

ECNEC nods 14 projects including new VAT Act

FE Online Report 2018-01-23 12:00:00

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved 14 development projects at a total cost of Tk 62.28 billion. The approval came from the 16th ECNEC meeting of the...

Central bank should enjoy more 'instrument independence'

FE Report 2018-01-23 11:25:28

Central banks in countries like Bangladesh should enjoy more 'instrument independence' in determining monetary policy, vital for moving an economy. Simultaneously, said a noted banker of India, there...

NBR moves to set up TIU to check tax evasion

Doulot Akter Mala 2018-01-23 10:18:38

The National Board of Revenue (NBR) has moved to establish an automated tax information unit (TIU) with interconnectivity of data banks of other relevant entities to track large financial transactions...

Informality dominates BD, India job markets

FE Online Report 2018-01-23 09:40:43

The high incidence of informality is dominating the job markets in South and South-Eastern Asia, according to the World Employment and Social Outlook – Trends 2018. “Indeed, informality a...