Archive / Economy - 2018
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WB's GDP projection hypothetical: KamalComing down heavily on the World Bank's latest GDP growth projection of 6.5-6.6 percent for Bangladesh in the current fiscal year (FY18), Planning Minister AHM...More coordination among investment promotion bodies neededPre-budget discussion suggests that the investment promotion bodies of the government should work in a coordinated way to boost investments in the country. Chiefs of these...Cash reserve ratio cut to inject Tk 10,000crThe government has decided to give the banking sector a Tk. 10,000-crore shot in the arms to help it recover from an acute liquidity crisis....Pvt sector investment key for green transformationPrivate sector investment is the key for green transformation of business and enterprises in the country to puts emphasis on the use of renewable energy...Banking in BangladeshBanks operate by borrowing funds-usually by accepting deposits or by borrowing in the money from individuals, businesses, financial institutions, and governments with surplus funds such...Prospect of jute in BangladeshBangladesh is an agro-based economy with about 45 percent employment of labor force and accounting for 18 percent of countries GDP. Jute is one of...Remittance constitutes 7.24pc of Bangladesh's GDPForeign Minister AH Mahmood Ali has said migration is a fundamental driver of development in Bangladesh. "To reap the benefits of this mobility, we need...Remittance constitutes 7.24 percent of Bangladesh’s GDP"To reap the benefits of this mobility, we need to ensure the process is safe and orderly and that migrants are supported throughout their journey,"...Info barred by central bankBangladesh Bank presented a list of top twenty five loan defaulters to the Parliamentary Committee on Finance Ministry recently. However, the central bank has not...Bangladesh to introduce one-stop investment service from JuneInvestors often complain of cumbersome service procedures and unnecessary delays in getting their businesses rolling in Bangladesh. It so happens largely because of current multi...Export earnings from US on riseExport earnings from one of Bangladesh's key destinations, the USA, witnessed a slight 1.66 percent growth during this first half (July-December) of the current fiscal...RFL to get $15 million loan from UK companyThe UK's development finance institution, CDC will provide $15 million in loan to RFL Electronics Limited, a sister concern of PRAN-RFL Group.The loan will be...Private banks raise deposit ratesInterest rates on bank deposits have increased following a high credit growth and liquidly shortfall, particularly in the private sector, according to bank officials. Different...Foreigners to get more facilities in 3 EPZsThe government is going to set up three separate commissionerates for the foreigners working at Mongla, Uttara and Ishwardi Export Processing Zones (EPZs), reports BSS. “These...In the realm of liquidity risk in the Banking Sector of BangladeshIn banking parlance, liquidity is a financial institution's capacity to meet its obligations as they fall due without incurring losses and liquidity risk is the...Bangladesh ranks 34 in IMF's annual indexBangladesh showed stable and qualitative improvement in major economic indicators last year, with leading 40 countries in the Inclusive Development Index (IDI) of the International...ADB hopes over 7% GDP growth in BD in 2018Bangladesh will be able to maintain over 7 percent GDP growth for the third straight year in fiscal 2017-18, Asian Development Bank Vice-President Wencai Zhang...FBCCI leaders invite Chinese investmentThe Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) invited the Chinese businessmen to invest in pharmaceuticals, automobile and other prospective sectors in Bangladesh. ...Bangladesh needs to ‘add new products’ to export basketNotwithstanding the government’s huge efforts, the diversification of export products has remained a far cry over the years, experts said. This was because of non-addition...Kyrgyzstan seeks investment from BangladeshKyrgyzstan invited Bangladesh business leaders to invest in their country and also for Kyrgyz-Bangladesh joint venture in the Kyrgyz Republic. Mentioning about loan facilities available for...Seminar on GDPThe Planning Division will arrange a seminar on Thursday to highlight and discuss the necessity of rebasing of the country's Gross Domestic Product (GDP). The...Singapore 2018 GDP outlook more stableThe Singapore economy expanded 3.1 per cent in the last three months of 2017, lifted once again by robust manufacturing growth. This was higher than...Overview of human resources in banksHuman Resource is called human capital in the 21st century. How does a bank recruit human resource? The local banks of Bangladesh recruit human resources...Fire at CEPZ garment factoryA fire broke out at a garment factory in Chittagong Export Processing Zone (CEPZ) on Monday noon. Official of Agrabad Fire Service said the fire...Bangladesh to export clothing made in jails“I’d never thought of such an initiative. We can now earn, even in jail,” said Sharif Hossain, 42, an inmate at Narayanganj District Jail, Bangladesh.Narayanganj...The Bangladesh economy in the New Year: The opportunities and challengesThe economy of Bangladesh maintained its stable flow despite some unanticipated challenges like sudden upsurge of prices of rice and onions and inflow of more...