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Asian markets tumble as Trump tariffs spark trade war fears By AFP | Last Updated: 18th June, 2018, 12:15

Donald Trump’s decision to hit China with 25 percent levies was met with an immediate retaliation

Asian markets tumble as Trump tariffs spark trade war fears

Climate financing by MDBs rises to a 7-year high of $35.2bn Climate financing by MDBs rises to a 7-year high of $35.2bn

The sharp increase comes in response to the ever more pressing challenge of climate change


Asian markets lower after hawkish Fed, fresh trade war fears Asian markets lower after hawkish Fed, fresh trade war fears

All three main indexes on Wall Street ended down on the prospect of higher borrowing costs


Rural people changing fate with micro-credit Rural people changing fate with micro-credit

The govt’s microcredit facility under the Ekti Bari Ekti Khamar Project has significantly changed the fortunes of thousands of rural people


New five-taka,two-taka notes to be issued Monday New five-taka,two-taka notes to be issued Monday

The currencies have been printed with portrait of the Father of Nation Bangabandhu Sheikh Mujibur Rahman


Plan for 20 more power plants with 22,052MW generation capacity Plan for 20 more power plants with 22,052MW generation capacity

The government will supply electricity to off grid areas through solar power system so that all people get power by the target year


BGMEA seeks withdrawal of source tax for 3 years


BGMEA seeks withdrawal of source tax for 3 years

In a post-budget press briefing at the BGMEA building in the city, its President Siddiqur Rahman says the proposed budget is very business friendly


Punish those plundered money from banks: FBCCI Punish those plundered money from banks: FBCCI

The FBCCI also demands uninterrupted power supply and development of economic zones as soon as possible


Budget to benefit both rich and poor, says Tofail Ahmed Budget to benefit both rich and poor, says Tofail Ahmed

The minister refutes BNP leader Barrister Moudud Ahmed’s recent statement about the proposed national budget placed in the parliament on June 7


Europe pledges $40 million to help Venezuelans Europe pledges $40 million to help Venezuelans

Most of the money will provide health care, food and clean water to vulnerable Venezuelans living inside and outside of the country


Ministers, officials appreciate slashing corporate tax for banks, FIs Ministers, officials appreciate slashing corporate tax for banks, FIs

To bring the lending rate in single digit for accelerating further the country’s economic activities, the government has taken such initiative


IMF agrees to loan up to $50bn for Argentina IMF agrees $50bn loan for Argentina

The three-year agreement must still be approved by the IMF board


Tk 24,921 cr for overall development of power, energy
Tk 24,921 cr for overall development of power, energy

Of the total Taka 24,921 crore Muhith proposes Tk 22,936 crore for the power division and Tk 1,985 crore for the energy and mineral resources division


Government plans to raise number of registered taxpayers to 10m in FY23 Govt plans to raise number of registered taxpayers to 10m in FY23

Finance Minister AMA Muhith announces the new target while placing the national budget for fiscal year 2018-19 in Jatiya Sangsad on Thursday.


Public servants to get house loan from next year Public servants to get house loan from next year

We have formulated a policy guideline for providing loan from the banking system, Finance Minister Abul Maal Abdul Muhith says


10 million more jobs to be created in  Economic Zoness: Muhith 10m more jobs to be created in EZs: Muhith

Establishment of 76 economic zones has been approved so far or till now and the PM herself has inaugurated 10 of them,” the minister says


Banks can change interest rate only once a month Banks can change interest rate only once a month

The Finance Minister mentions a number of measures taken by the government as part of reform programme in the financial and banking sector


Govt to launch FRTB-based bond market Govt to launch FRTB-based bond market

Finance Minister AMA Muhith mentiones that the guidelines and directives have already been issued in this regard


Power generation to hit 20,000 MW in September, says Muhith Power generation to hit 20,000 MW in Sept: Muhith

He describes power and energy as the main priority sector of Awami League government


Asian stocks higher after Wall Street gains Asian stocks higher after Wall Street gains

The euro rose to $1.1789 from $1.1775. The dollar halted its rise against the Japanese yen, weakening to 109.94 yen from 110.18 yen


Chronology of national budgets Chronology of national budgets

Finance Minister AMA Muhith will announce the country’s 47th budget and the 19th of the Awami League government while the 12th for him on Thursday


Muhith to roll out budget for FY19 Thursday Muhith to roll out budget for FY19 Thursday

He will be the first finance minister to place the national budget for the 10th time in a row since 2009


Export earnings witnessed 6.66pc growth Export earnings witnessed 6.66pc growth

The single-month export performance for May was 9 percent higher with $332.24 crore. Export earning in May of last fiscal year (FY17) was $304.76 cr


Investment, job likely to get priority in next fiscal Investment, job likely to get priority in next fiscal

Prime Minister Sheikh Hasina also directs NBR to give general people’s well-being priority in the budget for FY19


JS budget session begins Tuesday
JS budget session begins Tuesday

This will be the fifth budget session of the current parliament, which will begin at 11am


'Don’t impose new taxes on bidi' 'Don’t impose new taxes on bidi'

Kushtia region chapter of Bidi Workers Federation makes the demand at a human chain in front of the Kushtia customs office on Monday


Withdrawal of discriminatory tax on bidi sector demanded Lifting of discriminatory tax on bidi demanded

Several thousands of bidi factory workers take part in the human chain formed in front of Jashore Customs Office in Jashore


Muhith set to place ‘Tk 468,200 cr’ mega budget Thursday Muhith set to place ‘Tk 468,200 cr’ mega budget Thursday

The Finance Minister sets a rare example by placing the 10th consecutive budget of the current government


Australia Commonwealth Bank to pay record penalty money Australia Commonwealth Bank to pay record penalty money

The Aus$700 million fine comes after mediation between the nation's biggest lender and the country's financial intelligence agency AUSTRAC


Trump advisor admits trade dispute a risk to US economy Trump advisor admits trade dispute a risk to US economy

Kudlow plays down the concerns in an interview on Fox News Sunday


Qatar economy weathers storms of year-long blockade Qatar economy weathers storms

Saudi Arabia accuse Doha of supporting radical Islamist groups


Huge amount of money laundered: CPD Huge amount of money laundered: CPD

Economist Dr. Debapryia says the country`s revenue collection will experience a deficit of about Tk 50,000 crore in the current fiscal 2017-18


US unemployment hits an 18-year low despite trade concerns US unemployment hits an 18-year low despite trade concerns

Employers added a robust 233,000 jobs in May, up from 159,000 in April and helped drive the nation's unemployment rate to an 18-year low of 3.8%


Gas crisis halts production at Shahjalal Fertilizer Factory Gas crisis halts production at Shahjalal Fertilizer Factory

The newly-built factory is incurring a loss of Tk 50 lakh a day due to the suspension of production


Bangladesh Bidi Sramik Federation of Sylhet Zone submits memorandum on four-point demand  Bangladesh Bidi Sramik Federation of Sylhet Zone submits memorandum

They have also formed a human chain at in front of the office of Sylhet Customs and Excise and Vat Commissioerate in Sylhet to realise their demand


Asian markets recover with euro as Italy fears ease Asian markets recover with euro as Italy fears ease

Investors are now looking forward to the release Friday of key US jobs figures


Amu for allocating plot to real Jamdani weaver Amu for allocating plot to real Jamdani weaver

Amu said Jamdani has already registered as the Geographical Indication (GI) product of Bangladesh


Ecnec approves 13 projects involving Tk 9,518 crore Ecnec approves 13 projects involving Tk 9,518 cr

In terms of cost, the biggest project is "Identification System for Enhancing Access to Services" involving Tk 1,883.30 crore


Budget implementation rate need to be increased: Muhith Budget implementation rate need to be increased: Muhith

Muhith says budget size should be enlarged and the government is providing all sorts of efforts to increase the budget implementation rate


Tobacco eats up 1.4pc of Bangladesh GDP Tobacco eats up 1.4pc of Bangladesh GDP

Demanding a hike in tobacco tax, the campaigners refer to the IHME study to note that total economic cost of tobacco use from lost productivity


US for addressing labour rights concerns US for addressing labour rights concerns

Bernicat urged BGMEA and the government of Bangladesh to come to a quick resolution on the Accord and Alliance’s extensions in Bangladesh

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