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A large budget for achieving higher GDP growth

Ayubur Rahman Bhuyan in the first of a three-part article titled \'FY15 budget must be ambitious to achieve strong economic growth\' | 2014-06-01 00:00:00

Press reports that the size of the budget for the upcoming fiscal year (FY 2014-15), as hinted by the Finance Minister, might be around Tk 2490 billion (249,000 crore) have drawn sharp reaction from a section of economists. These economists,...

Excess liquidity in banks: A blessing or curse?

Shaiful Hossain | 2014-06-01 00:00:00

Who will be unhappy if he or she has plenty of money all around him or her? There is no reason to be unhappy at all as he or she can sleep with it but unhappiness arises if he or...

A few dists dominate the migration map

Arafat Ara | 2014-06-01 00:00:00

Most of Bangladeshi workers going abroad with jobs have been found to be hailing from a few districts. Experts and sector insiders attribute such a disparity to the lack of a proper policy to facilitate manpower export, especially from the...

BD trade economy to turn $100b soon: ICCB

2014-06-01 00:00:00

President of the International Chamber of Commerce, Bangladesh (ICCB) Mahbubur Rahman Saturday said Bangladesh's trade economy would soon stand at US$100 billion, reports UNB. "Bangladesh economy is growing up despite the unstable situation in 2013. It's expected that Bangladesh trade...

July-Apr income of import, export office goes up by 12pc

FE Report | 2014-06-01 00:00:00

Revenue earnings by the office of the Chief Controller of Imports & Exports (CCI&E) increased by nearly 12 per cent in the first ten months of the current fiscal year (FY) over that of the corresponding period of the last...

India posts 4.7pc economic growth

2014-06-01 00:00:00

NEW DELHI, May 31 (AFP): India reported Friday a second straight year of sub-five per cent growth, underscoring challenges facing new right-wing Prime Minister Narendra Modi to revive Asia's third-largest economy. The economy grew by 4.7 per cent in the...

Sales tax hike dents Japanese economy

2014-06-01 00:00:00

TOKYO, May 31 (AFP): Japan's nascent economic recovery stumbled in April with data Friday showing last month's sales tax rise punctured household spending, as the IMF called on Tokyo to press on with reforms aimed at ending decades of stagnation....

News Briefs

2014-06-01 00:00:00

China house prices post first fall in 23 months BEIJING, May 31: Home prices in major Chinese cities posted their first monthly decline in nearly two years in May, an independent survey showed Saturday, providing new evidence the once red-hot...

Steps taken to explore regional export mkts

Badrul Ahsan | 2014-06-01 00:00:00

The government has taken a set of proactive measures to make a breakthrough in regional export markets to reduce the country's reliance on some selected markets and utilising the optimum potentials of local industries, officials at the Export Promotion Bureau...

Hint at fund for Karnaphuli rail-cum-road bridge

Our Correspondent | 2014-06-01 00:00:00

CHITTAGONG, May 31: An allocation in the upcoming budget for construction of a rail-cum-road bridge on the river Karnaphuli will be sought. Mr Moinuddn Ahmed Khan Badal, MP, dropped the hint while exchanging views with the leaders of the Boalkhali-Kalurghat...

Europe should stick to reform path to secure growth

2014-06-01 00:00:00

FRANKFURT (Reuters): European policymakers should not give up on efforts to make their economies more efficient and stick to budget rules, despite a strong protest vote in European Parliament elections, the ECB's Yves Mersch said on Saturday. With far-right, anti-EU...

India to ensure constant loan flow to revive investment

2014-06-01 00:00:00

NEW DELHI, May 31 (Xinhua): The new Indian government is seeking a constant loan flow of over 5.0 billion rupees (US$80 million) to revive investment and accelerate economic growth, said local media Saturday. The Times of India quoted finance ministry...

WB provides $220m in loan to Albania

2014-06-01 00:00:00

TIRANA, May 31 (Xinhua): Albania signed on Friday an agreement with the World Bank on a US$220 million loan, according to ATSH news agency. The agreement was inked here by Albanian Minister of Finance Shkelqim Cani and the country manager...

Italy faces fragile recovery, says central bank governor

2014-06-01 00:00:00

ROME, May 31 (Xinhua): Italy's recovery from its longest post-war recession is fragile and economic growth can only be pursued in tandem with budgetary balance, governor of the country's central bank Ignazio Visco said here on Friday. Recession in Italy...

Thefts hit online banking in Japan

2014-06-01 00:00:00

TOKYO, May 31 (Reuters): Hackers stole nearly $2.0 million from the online bank accounts of Japanese businesses in April, a surge in theft that has prompted some banks to curtail online services and rethink compensation policies, executives and regulators say....

Photo: MAPUTO, Mozambique: This handout photo released by the IMF showing IMF Managing Director Christine Lagarde (L) speaking

2014-06-01 00:00:00

Photo: ATHENS, Greece: This file picture taken on April 24, 2008 showing tourists sunbathing

2014-06-01 00:00:00

Regulatory measures sought to protect local manufacturers

2014-06-01 00:00:00

The government should take adequate regulatory steps to protect local manufacturers from dumping as Bangladesh will have to waive duties including Supplementary Duty (SD) on imported goods as per the guidelines of the World Trade Organisation (WTO), a leading economist...

3-day Rehab Fair begins on June 18 in Chittagong

2014-06-01 00:00:00

CHITTAGONG; May 31 (BSS): A three-day long Real Estate and Housing Association of Bangladesh (REHAB) Fair Chittagong-2014 will be held on June 18-21. The fair of the country's housing and real estate sector in the port city is the second...

Digital World expo begins in city June 4

2014-06-01 00:00:00

A four-day Digital World  exposition will start on June 4 in the city aiming to bridge the gap between local and foreign entrepreneurs, reports BSS. Nearly 400 entrepreneurs from home and abroad are expected to participate in the mega event....

Russia-Ukraine gas talks to go on after Kiev makes payment

2014-06-01 00:00:00

BERLIN, May 31 (AFP) : Kiev has sent a first gas payment to Moscow, paving the way for further talks next week to avert a Russian gas shutdown to Ukraine, negotiators said Friday. "We don't have a final deal yet...

News in Brief

2014-06-01 00:00:00

Canada's economy puts brakes on at start of 2014 OTTAWA, May 31: Canada's economy slowed at the start of this year, as higher household spending was offset by lower government and business outlays, the government statistical agency said Friday.Growth was...

Photo: Tokyo: Sales clerks of Japanese department stores display summer business wears

2014-06-01 00:00:00

Gold prices in local market to soften

FE Report | 2014-06-01 00:00:00

Local jewellers have decided to decrease the price of gold in the domestic market to keep pace with the international market. "The price of different carat gold will decrease by Tk 1,167 to Tk 1,050 on a bhori (11.664 gram)....

Copper set for biggest monthly gain since December

2014-06-01 00:00:00

LONDON, May 31 (Reuters): Copper prices dipped on Friday, but headed for their biggest monthly gain since December, underpinned by recovering demand from top consumer China, while nickel rebounded after four days of losses on persistent concerns about a supply...

50 per cent taxes on tobacco goods demanded

2014-06-01 00:00:00

CHITTAGONG, May 31 (BSS): Participants at a roundtable here demanded to increase 50 per cent taxes on all kinds of tobacco goods in the upcoming national budget for 2014-2015 fiscal year to discourage tobacco consumption in the country. Terming tobacco...

Commodity prices mostly fall as China data weighs

2014-06-01 00:00:00

LONDON, May 31 (AFP): Commodity markets mainly fell this week as traders weighed poorly-received Chinese and US economic data against the crisis in Ukraine and unrest in oil-producing Libya. In the United States, the Commerce Department on Friday reported that...

Chicago agricultural commodities edge down

2014-06-01 00:00:00

CHICAGO, May 31 (Xinhua): Chicago agricultural commodities edged down across the board  Friday. The most active corn contract for July delivery fell 3.75 cents, or 0.80 per cent, to close at 4.6575 US dollars per bushel. The most active soybean...

Global Commodity Prices

2014-06-01 00:00:00

Photo: A vendor sells fish at an early morning wholesale market

2014-06-01 00:00:00