Dhaka, Jan 3, 2018 – The Bangladesh Bank (BB) is planning to reduce the limit of the Advance Deposit Ratio (ADR) of banks for avoiding their aggressive lending and ensuring quality investment for the country’s development.
Category: Economy
Bangladesh stock markets on upbeat note
Dhaka, Jan 3 – Trading on the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – is underway with upward trends of share-price indices on Wednesday.
Asian markets build on gains, dollar faces further weakness
Asian equities continued their positive start to the year on Wednesday following yet another record close on Wall Street, but the dollar faced further selling pressure. Analysts warned global markets could face an uncertain year as Donald Trump’s tax cuts…
Trump threatens stop to Palestinian aid
The US may stop aid payments to Palestinians who are “no long willing to talk peace”, President Trump said. On Twitter, Mr Trump said the United States received “no appreciation or respect” in return for its aid.
Inflation eases to 5.83pc in December
The general point-to-point inflation rate in the country slightly eased to 5.83 percentage point in December 2017 down from 5.91 percentage point in last November with the non-food inflation rate witnessing a downtrend. “The general point-to-point inflation rate slightly eased…
Cost of living went up 8.4 percent in 2017
The living cost in the capital marked a rise by 8.44 percent in 2017 due to the hike in the prices of daily essentials and the tariffs of utility services, including that of food, house rent, electricity and gas, according…
Saudi Arabia raises fuel prices
Saudi Arabia raised local gasoline prices, state news agency SPA reported. The initiative, aimed at more efficient energy use, coincides with an ambitious reform plan to boost sources of revenue and wean the world’s top crude exporter away from oil.…
BPC plans tourist hotel in BD’s southern district of Barisal
Dhaka, 01 Jan – Bangladesh Parjatan Corporation (BPC) will construct a Parjatan hotel including a Parjatan Training Centre on Bangladesh Inland Water Transport Authority (BIWTA) land in Barisal.
8000 children born on 01 January in Bangladesh: Unicef
Approximately 8,370 babies are expected to be born in Bangladesh on New Year’s Day (January 1), UNICEF said today. The new babies will account for 2.17 percent of the estimated 385,793 babies to be born globally on New Year’s Day.…
Saudi Aramco to establish world-class maritime yard
Saudi Aramco has entered into a joint venture to establish, develop and operate a world-class maritime yard. The oil giant signed an agreement to work with Lamprell plc, the National Shipping Company of Saudi Arabia (Bahri), and Hyundai Heavy Industries…
Make reforms while sun shines on world economy: Lagarde
International Monetary Fund chief Christine Lagarde has urged France and other countries to push through reforms “while the sun is shining” on the global economy. In an interview with France’s Le Journal du Dimanche published Sunday Lagarde said the strength…
Saudi Arabia, UAE introduce VAT for first time
Value Added Tax (VAT) has been introduced in Saudi Arabia and the United Arab Emirates for the first time. The 5% levy is being applied to the majority of goods and services. Gulf states have long attracted foreign workers with…
Banking transactions to remain closed today
Transactions of all banks will remain closed today as it is the last day of 2017.
U.S. stocks close lower as 2017 draws a close
U.S. stocks ended lower on Friday, the last trading day this year.
Millennials to enjoy ‘inheritance boom’
Millennials will enjoy the biggest “inheritance boom” of any post-war generation, but it will be too late to solve housing struggles and wealth inequality, a UK report says. Those who have parents and grandparents in the “baby boomer” generation will…
World population to stand at 7.4 billion in New Year
The US Census Bureau projects world population at 7,444,443,881 people on January 1, 2018, which represents an increase of 78,521,283, or 1.07%, from New Year’s Day 2017.
Entrepreneurship promotion vital for bolstering economy
Senior bankers at a meeting here on Thursday stressed the need for boosting investment in Small and Medium Enterprise (SME) sector. They termed the SME sector as labour-intensive and viewed that successful promotion of the sector could be the effective…
Remittance income marks fall in 2017
Although the country witnessed the highest number of labour migration in Bangladesh’s history in 2017, its remittance inflow has marked a 0.89 percent fall compared to previous year, says a report. The report, prepared by the Refugee and Migratory Movements…
BB urges all to abstain from transactions of virtual coins
Bangladesh Bank (BB) has requested all to abstain from online-based virtual currency or crypto currency, like bitcoin, ethereum, ripple and litecoin as there is no legal framework of the currencies in any country across the world. “Virtual currency is not…
UN budget cut by $285M -US claims credit
Dhaka, Dec 27 (AP/UNB) -The United Nations’ budget is set to shrink by over $285 million next year — a 5 percent cut that the U.S. government says it negotiated.
Tokyo stocks flat on tepid Christmas trading
Tokyo stocks were flat on Tuesday, with investors keeping to the sidelines as major global markets remained closed for the Christmas holidays.
Barakat, Jamaluddin elected President, GS of BEA
Dr Abul Barakat of Dhaka University and Dr. Jamaluddin Ahmed FCA, member of the board of directors of Bangladesh Bank, have been elected president and general secretary respectively of Bangladesh Economic Association (BEA) for the 2018-2019 term.
Lafarge to buy Holcim for Taka 5 billion
Lafarge Surma Cement announced Sunday that it has approved a plan for the acquisition of Holcim Bangladesh at a price previously set by Bangladesh Bank. Dhaka Stock Exchange (DSE) was informed by Lafarge about this approval on Sunday, said the…
4G to spur growth of ICT, e-commerce
Leading IT operators and IT businessmen have expressed their firm opinion that Bangladesh would see an expeditious growth with the introduction of the 4G telecommunication service in the fields of Information and Communication Technology (ICT) and e-commerce.
37 die in Philippines’ Davao mall fire
At least 37 people are feared to have died in a fire that ravaged a shopping mall in the southern Philippine city of Davao, local officials say. Firefighters battled for hours to extinguish the blaze that started on Saturday morning…
Insurance sector moving forward along with economy: Muhith
Finance Minister AMA Muhith today said the insurance sector is moving forward across the country due to the development of economic activities over the years. “Insurance is a step against risk. We can get a scenario of the country’s economic…
PM Hasina seeks cooperation of all in making BD more prosperous
Prime Minister Sheikh Hasina on Thursday sought cooperation from all, irrespective of religions, casts and creeds, in making Bangladesh a more prosperous country. “This is our country, this country is for the people of all religions, casts and creeds…we want…
Trade unions on frontline battle against inequality
Esther Lynch The European Commission continues to talk about robust recovery, but with wages falling or stagnating, many people in Europe are worse off than they were a decade ago. The European Foundation for the Improvement of Living and Working…
Teenage pregnancy deters developent goals
A few years ago, someone shared a video with me that deeply impacted me. It was called “The Girl Effect”. In three minutes, the video demonstrates the fate of millions of girls and teenagers around the world. Years later, when…
North Korea’s ‘Ever Victorious’ firms face China axe
From restaurants with singing waitresses, to secluded traders in back alleys, North Korean businesses in Beijing face a precarious start to the New Year with a looming, sanctions-linked January deadline to shut up shop. Accounting for 90 percent of North…