WB forecasts 7.3pc growth for FY19 By Staff Correspondent | Last Updated: 5th April, 2019, 00:00

The World Bank on Thursday said Bangladesh will see one of the world’s top five fastest growth rates of 7.3 per cent this year, a day after ADB projected the country’s growth at 8 per cent…

WB forecasts 7.3pc growth for FY19

Pvt power plant wants to supply electricity 
to nat’l grid Pvt power plant wants to supply electricity to nat’l grid

A private power plant proposed the government to supply 20 megawatts of electricity into the national…


BTCL needs to change service systems: Jabbar
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Posts, Telecommunications and Information Technology Minister Mustafa Jabbar on Thursday directed Bangladesh…


UNDP okays $10mn fund for Bangladesh UNDP okays $10mn fund for Bangladesh

UNDP has approved a $10 million adaptation fund for Bangladesh for the first time aiming to enhance…


Int’l expo on RMG, textile

machinery

opens in Ctg Int’l expo on RMG, textile machinery opens in Ctg

CHATTOGRAM: A three-day international expo on “Garment & Textile Machinery” was inaugurated…


InterContinental

Dhaka offers

‘Baishakh ShorGol’ InterContinental Dhaka offers ‘Baishakh ShorGol’

InterContinental Dhaka will offer “Boishakh ShorGol 1426” to celebrate the Bangla Pahela…


Arcelik completes

acquisition of

Singer Bangladesh Arcelik completes acquisition of Singer Bangladesh

Turkey-based Arcelik, a home appliance manufacturing group, on Wednesday announced that it has completed…


Rezaul Karim re-appointed

vice-chairman of ASA Rezaul Karim re-appointed vice-chairman of ASA

Md Rezaul Karim, Chairman of Shippers’ Council of Bangladesh (SCB), has been re-appointed as Vice-Chairman…


News of the day News of the day

China has unveiled tens of billions of dollars worth of tax and fee cuts as part of a drive to kickstart…


US-China trade war could lift Canada, 
Mexico: IMF US-China trade war could lift Canada, Mexico: IMF

WASHINGTON: An all-out trade war would severely damage the US and Chinese economies but could also be…


US services data 
highlight slowing economy US services data highlight slowing economy

WASHINGTON: US services sector activity hit a more than 19-month low in March and private payrolls grew…


‘India-US FTA key to ending dispute’ ‘India-US FTA key to ending dispute’

NEW DELHI: A free trade agreement between India and the US is a key to resolving their trade disputes…


Trump orders crackdown on counterfeit products Trump orders crackdown on counterfeit products

WASHINGTON: President Donald Trump on Wednesday ordered a crackdown on counterfeit products on third-party…


Oil prices mixed, Brent edges 
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TOKYO: Oil prices were mixed on Thursday, with Brent edging higher toward the psychologically important…


UAE’s aviation sector to witness high growth in ’20 UAE’s aviation sector to witness high growth in ’20

Abu Dhabi: The UAE aviation sector is expected to witness high growth in 2020 due to an improvement…


German industrial

orders tumble

further in Feb German industrial orders tumble further in Feb

FRANKFURT AM MAIN: Industrial orders in Europe’s powerhouse Germany saw a sharp fall in February,…


Rakbank issues

$500m bond Rakbank issues $500m bond

DUBAI: The National Bank of Ras Al Khaimah, or Rakbank, completed a $500 million (Dh1.84 billion) US…


S Korea posts

current account

surplus for

82 months S Korea posts current account surplus for 82 months

SEOUL: South Korea posted current account surplus for 82 straight months to February on faster fall…


Taiwan’s forex

reserves total

$464bn Taiwan’s forex reserves total $464bn

TAIPEI: Taiwan's foreign exchange reserves reached 464.08 billion U.S. dollars at the end of March,…


News of the day News of the day

Britain’s economy looks likely to shrink over the coming months, after Brexit worries caused the…


RBI cuts interest rates a week before election
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MUMBAI: India's central bank cut interest rates on Thursday, delivering a shot in the arm to Prime…


China’s economy to grow 
over 6pc in ’19, ’20: ADB China’s economy to grow over 6pc in ’19, ’20: ADB

MANILA: China's economy will continue to grow above 6 percent this year and next in line with the…


Putin opens Mercedes plant in Russia Putin opens Mercedes plant in Russia

ESIPOVO: Russian President Vladimir Putin Russia and German Economy Minister Peter Altmaier unveiled…


Kuwait’s economy boosted by 
higher oil prices in ’18: IMF Kuwait’s economy boosted by higher oil prices in ’18: IMF

DUBAI: Kuwait’s economic growth is expected to accelerate this year and beyond thanks to higher…


Asian markets rally tempered 
by profit-taking Asian markets rally tempered by profit-taking

HONG KONG: Asian markets were mixed Thursday as growing expectations that China and the United States…


Crypto lenders push no-tax perk 
of leveraging Bitcoin for cash Crypto lenders push no-tax perk of leveraging Bitcoin for cash

NEW YORK: Former Wall Street trader Edgar Fernandez used some of his Bitcoin as collateral to borrow…


US crude oil

refinery inputs

increased

last week US crude oil refinery inputs increased last week

HOUSTON: U.S. crude oil refinery inputs increased during the week ending March 29, the U.S. Energy Information…


Tesla delivers

fewer cars than

expected in Q1 Tesla delivers fewer cars than expected in Q1

NEW YORK: Tesla delivered many fewer vehicles than expected in the first quarter of the year, according…


Tokyo stocks close flat Tokyo stocks close flat

TOKYO: Tokyo stocks closed flat on Thursday as a weak yen offset selling pressure from investors locking…


Rupee slips 25 paise to 68.66 against dollar Rupee slips 25 paise to 68.66 against dollar

MUMBAI: The rupee depreciated by 25 paise to 68.66 against the US dollar in early trade Thursday ahead…


Russia’s exports to Azerbaijan up 12.5pc Russia’s exports to Azerbaijan up 12.5pc

MOSCOW: Exports from Russia to Azerbaijan experienced a 12.5-percent increase in 2018, rising to $1.7…


Sensex, Nifty turn volatile Sensex, Nifty turn volatile

MUMBAI: Domestic benchmark equity indices turned volatile in afternoon trade Thursday after the RBI…


Trade balances mostly driven 
by economic forces: IMF Trade balances mostly driven by economic forces: IMF

WASHINGTON: Most of the changes in bilateral trade balances over the past two decades can be explained…


IBBL holds

shari’ah supervisory

committee meeting IBBL holds shari’ah supervisory committee meeting

A meeting of the shari’ah supervisory committee of Islami Bank Bangladesh Limited was held at…


HK shares

fall HK shares fall

HONG KONG: Hong Kong stocks fell Thursday as profit-takers moved in after a seven-day rally, though…


S’pore stocks close higher S’pore stocks close higher

SINGAPORE: Singa pore stocks closed higher on Thursday, with the benchmark Straits Times Index (STI)…


European

stocks drop European stocks drop

LONDON: European stock markets slid in opening trade on Thursday, with London’s benchmark FTSE…


Taka drops against euro, pound Taka drops against euro, pound

The local currency Taka went down against the Euro and the UK pound, and it remained unchanged against…


Commodity at a glance Commodity at a glance

Prices of most essential commodities remained unchanged in the city’s kitchen markets on Thursday.…


Corporate Corner Corporate Corner

Prime Minister Sheikh Hasina receives a cheque for Tk 1 crore in donation from Mutual Trust Bank Managing…

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