World Economic

Global stocks rise on partial US-China trade deal, pound up

Global stocks rallied Friday as US-China trade negotiations yielded a partial deal, while the British pound surged for a second straight session on signs that London and Brussels

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Bangladesh seeks Nigerian investment

Bangladesh High Commissioner to Nigeria M Shameem Ahsan has urged the Nigerian business leaders to import from Bangladesh and invest in the country.

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IMF focuses on 5 issues for sustainable growth

International Monetary Fund (IMF) has prioritized five issues to sustain Bangladesh’s economic growth and ease transformation to higher middle income country from the present

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Deal on €188m Danish loan signed for Saidabad water plant

A deal for €188 million Danish loans to set up the third phase of Saidabad surface water treatment plant was finally signed on Thursday, putting an end to a long wait.

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Export-import through Benapole land port halted

Export-import activities between Bangladesh and India through the Benapole land port remained suspended since Wednesday morning.

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China FM tells UN protectionism risks causing global recession

China’s foreign minister warned Friday that protectionism could trigger a world recession as he vowed to stand firm in a trade row with the United States.

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Stocks rebound on regulators’ intervention

Dhaka stocks on Tuesday rebounded as some institutional investors moved to halt a continuous plunge in share prices amid the market regulator’s intervention. DSEX, the key

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BB raises farm loan disbursement target by 10.66pc

Bangladesh Bank (BB) has raised the agriculture and rural loan disbursement target by 10.66 percent to Taka 24,124 crore for the current 2019-20 financial year (FY20). Deputy

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Bangladesh shows how to deal with climate change: WB

World Bank (WB) Chief Executive Officer (CEO) Kristalina Georgieva yesterday said Bangladesh has shown the world what can be done through disaster preparedness and adaptation

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Bangladesh has tremendous dev experience to share with world: WB

World Bank is new Country Director for Bangladesh and BhutanMercy Miyang Tembonhas saidBangladesh has tremendous development experience to share with the world.

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World Bank forecasts China GDP growth at 6.2pc in 2019, 6.1pc in 2020

The World Bank has forecasted that China's economy will grow at 6.2 per cent in 2019 and 6.1 per cent in 2020. In an external environment that has become less favourable due to

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Bangladesh signs $2.5b ODA deal with Japan

Bangladesh and Japan have signed their 40th ODA deal involving US$ 2.5 billion for implementing five projects to bolster ties between the two countries. Economic Relations

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Mercantile Bank puts thrust on SME, agent banking

Mercantile Bank Limited has taken a number of steps to broaden its activities in the areas of SME, IT-based banking and agent banking. "Developing the small and medium

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SANEM questions Bangladesh GDP growth forecast for fiscal 2018-19

South Asian Network on Economic Modeling or SANEM, a non-profit research organisation, has questioned the current fiscal year’s 8.13 percent economic growth projection.

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More Bangladesh-Thai joint ventures sought

Newly-appointed Thai Ambassador to Bangladesh Arunrung Phothong Humphreys has sought more Bangladesh-Thai joint ventures to further strengthen trade and economic ties between the

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National Economic Council approves Tk 1,65,000cr revised ADP

The National Economic Council (NEC) today approved a Taka 1, 65,000 crore Revised Annual Development Programme (RADP) for the current fiscal year (FY19) keeping highest priority

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Bangladesh Bank sues Rizal Commercial Banking Corporation in New York court

Bangladesh yesterday filed a case in New York’s southern district court against the Rizal Commercial Banking Corporation (RCBC) of the Philippines over the heist of USD 81

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Reserve heist: BB files case against RCBC

Bangladesh filed a case against Rizal Commercial Banking Corporation (RCBC) of the Philippines over the heist of $81 million from Bangladesh Bank is account with the Federal

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BB monetary policy eyes hike in pvt sector credit in 2nd half of FY

Bangladesh Bank today announced the Monetary Policy for the second half of the current fiscal year with a target of 3.2 percentage point increase in private sector credit to

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$81.74b siphoned in 11 years from Bangladesh

Illicit capital outflow goes unabated as $5.9 billion (about Tk 50,000 crore) was siphoned off from Bangladesh in 2015 taking to $81.74 billion the amount siphoned off the country

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Taiwan is economy to slow in Q4 as exports falter: Reuters poll

Taiwan’s economic growth probably slowed in the fourth quarter (Q4) as the island’s technology exports were hit by softening global demand and fallout from the US-China trade

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Defective procedures led to worker unrest, says CPD

The Centre for Policy Dialogue (CPD) has identified defective procedures in the implementation of the wage structure as the main cause of the recent unrest in the garment sector.

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Bangladesh Bank order on interest rate spread largely ignored

Bangladesh Bank’s instruction to bring down the interest rate spread to 4 percentage points in banks has remained largely ignored due to rising bad loans in the country’s

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Japan to bankroll Bangladesh’s first underground railroad

Japan has agreed to provide loans for Bangladesh to build its first underground railroad. A stretch of 26.6-kilometre rail line will be constructed in Dhaka in two phases under

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Bangladesh to buy 50,000 tonnes wheat

Bangladesh's state grains buyer has issued a new international tender to purchase and import 50,000 tonnes of wheat, European traders said on Monday. Tender closing date is 3

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UN predicts 3pc global economic growth in 2019-2020

The global economy will continue to grow at a steady pace of around 3.0 per cent in 2019 and 2020 amid signs that global growth has peaked, the United Nations said Monday.

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Bangladesh’s remittance inflows surge with over $1 billion in 18 days in January

After a 15 percent year-on-year rise in remittance inflow in 2018, the positive trend of money sent by the Bangladesh expatriates working abroad has continued into the new year.

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China is growth to slow down to 6.3pc

China’s economy is expected to cool further this year as domestic demand weakens and exports are hit by US tariffs, a Reuters poll showed on Thursday, reinforcing views Beijing

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China is central bank injects $83b in open market operations

The People is Bank of China (PBOC) on Wednesday injected liquidity into the banking system through reverse repos to offset the impact from a tax payment peak. The central bank

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NBR probing luxury car owners’ returns

The National Board of Revenue (NBR) is now examining the tax returns of the owners of 930 luxury cars to find out whether they have evaded tax payment on account of the

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Euro zone bond yields tumble

Euro zone government bond yields fell to six-month lows on Tuesday as the German statistics office said the country had escaped a recession but still recorded its slowest growth

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China exports shrink most, raising global risks

China’s exports unexpectedly fell the most in two years in December, while imports also contracted, pointing to further weakness in the world’s second-largest economy in 2019

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India is Modi to spend $4.2b in fertilizer subsidies to win farmers heart

India is likely to overshoot its fertilizer subsidy bill for this financial year by 300 billion rupees ($4.2 billion), three sources with direct knowledge of the matter said, and

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Gold on track for fourth straight week of gains

Gold prices climbed on Friday as the dollar retreated on expectations the Federal Reserve may pause interest rate hikes if the US economy slows this year, while investors awaited

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No paid subscriber in seven months of launch

Bangabandhu Satellite 1, installed at a cost of Tk 2,702 crore, is yet to earn a penny in seven months of its launch with 15-year lifespan while technical complexity and lack of

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Power sector distortions cost Bangladesh

Distortions in the power sector impose a total economic cost of roughly $11.2 billion (around Tk 93,000 crore) or 5 per cent of Bangladesh’s gross domestic product, on the

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BB sets Dec 27 for annual bank account closure due to polls on Dec 30

Bangladesh Bank on Tuesday set December 27 for closure of annual accounts of banks as the 11th national elections are scheduled for December 30.

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178 business people get CIP cards

The government on Tuesday awarded commercially important persons cards to 178 businesspeople for their contribution to the export business and economic growth of the country in

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DSE profit falls 16pc in FY18 on bearish market

The net profit of Dhaka Stock Exchange fell by 15.61 per cent in last financial year (2017-18) due mainly to a prolonged bearish trend at the market with a fall in turnover. The

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FBCCI presses NBR for impact assessment

Federation of Bangladesh Chambers of Commerce and Industry has requested National Board of Revenue to carry out a regulatory impact assessment before implementing the suspended

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GSK, Pfizer to merge consumer healthcare units

Pharmaceutical giants GlaxoSmithKline and Pfizer on Wednesday announced a merger of their consumer healthcare units that produce over-the-counter medicines.

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Asian markets sink with Wall Street on increasing worries

Asian markets mostly fell Tuesday following a sharp retreat on Wall Street fuelled by increasing worries about the global economy, while investors await the Federal Reserve policy

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Tokyo changes law

Bangladesh has asked for Japan's cooperation to train potential workers as the country has adopted a new immigration law.

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Afghanistan opens new trade route with aim of building link to Europe

Afghanistan on Thursday opened a new international trade route aimed at establishing direct access to Central Asian and Europe as it seeks to build up an economy wrecked by

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China is factory gate inflation eases

China's factory inflation slowed in November, a sign demand remains weak amid Beijing's ongoing trade war with the United States, while consumer inflation also flagged, official

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Apparel workers to get minimum salary Tk 8,000 from Dec

The minimum wage for the apparel workers across the country announced by the government will be effective from this month, said an official release here today.

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France, Germany agree to save EU digital tax

France and Germany jointly agreed a scaled-back version of an EU digital tax Tuesday, that they hoped would break significant opposition to the plan amongst bloc partners. The

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Qatar to withdraw from OPEC

Qatar said on Monday it was quitting OPEC from January 2019 but would attend the oil exporter group’s meeting this week, saying the decision meant Doha could focus on cementing

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China to widen market access for foreign investors

China will widen market access for foreign investors and step up protection of intellectual property rights, China's president Xi Jinping said on Wednesday ahead of the G20

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Maldives says China is building projects at inflated prices

Maldives new finance minister said on Monday that China is executing infrastructure projects at vastly higher prices than originally proposed but the island nation cannot get out

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