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The Financial Express

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Japan plans to set up two more SEZs in Bangladesh

Japan plans to set up two more SEZs in Bangladesh

FE REPORT 2021-07-26 08:52:00

Japan is expected to set up two more special economic zones (SEZs) in Bangladesh to bring more investors from the industrially developed country. "Japanese investors eye Bangladesh as a potential d...

Philippines clears golden rice for commercial use, Bangladesh may approve soon

Philippines clears golden rice for commercial use, Bangladesh may approve soon

FE Online Report 2021-07-24 16:05:35

The Philippines has approved the release of vitamin A enriched golden rice, paving the way for it to be cultivated commercially in the country while creating a similar opportunity for Bangladesh. The...

Covid 'pingdemic' sharply slows UK’s growth

Covid 'pingdemic' sharply slows UK’s growth

REUTERS 2021-07-24 13:11:59

Britain's rapid economic bounce-back from the Covid-19 pandemic slowed sharply in July as a new wave of cases forced hundreds of thousands of workers to self-isolate under government rules to limit th...

Natural disasters coupled with virus variant threatening global supply chains

Natural disasters coupled with virus variant threatening global supply chains

REUTERS 2021-07-24 11:12:43

A new worldwide wave of Covid-19. Natural disasters in China and Germany. A cyber attack targeting key South African ports. Events have conspired to drive global supply chains towards breaking point,...

Bangladesh to attract FDI despite downturn: US report

Bangladesh to attract FDI despite downturn: US report

-- 2021-07-24 08:37:02

Bangladesh will remain the most resilient and continue to attract foreign direct investments (FDI) to live up to its image as a favourite place for global investors, despite the Covid-induced economic...

ADB approves $940m for Bangladesh Covid-19 vaccines

ADB approves $940m for Bangladesh Covid-19 vaccines

FE ONLINE DESK 2021-07-23 21:34:45

The Asian Development Bank (ADB) approved a loan package of $940 million on Wednesday for Bangladesh to purchase safe and effective vaccines against COVID-19. The package, which comprises a regular l...

Economic outlook for South Asia dampened, but Bangladesh recovering: ADB

Economic outlook for South Asia dampened, but Bangladesh recovering: ADB

-- 2021-07-23 21:17:29

The Asian Development Bank has said the economic outlook for South Asia is dampened by new waves of COVID-19, but the Bangladesh economy is recovering. The country’s exports in the first 11 mon...

IMF increases lending limit by 45pc for low-income countries

IMF increases lending limit by 45pc for low-income countries

FE ONLINE DESK 2021-07-23 17:48:24

The International Monetary Fund (IMF) has increased normal limits on access to concessional financing by 45 per cent to better support low-income countries (LICs) during the COVID-19 pandemic and the...

Delta dims global recovery outlook

Delta dims global recovery outlook

REUTERS 2021-07-21 21:19:59

A drubbing in world equity markets and a huge flight to safety into U.S. Treasuries this week suggests investors now doubt that a much-anticipated return to post-COVID normality is feasible any time s...

ADB lowers developing Asia’s economic growth forecast

ADB lowers developing Asia’s economic growth forecast

-- 2021-07-20 15:30:23

The Asian Development Bank (ADB) has marginally lowered its economic growth forecast for developing Asia this year amid the second wave of the pandemic. It projects a 7.2 per cent economic growth for...

New UK trading scheme to benefit Bangladesh

New UK trading scheme to benefit Bangladesh

-- 2021-07-20 14:29:28

The UK government has launched a new scheme that aims to drive trade with Bangladesh and other countries boosting jobs and growth. The new trading rules will help countries come out of poverty and he...

Bangladesh's inflation recorded at 5.56pc in 2020-21 fiscal

Bangladesh's inflation recorded at 5.56pc in 2020-21 fiscal

FE REPORT 2021-07-20 08:21:02

Bangladesh's average inflation rate in fiscal year (FY) 2020-21 was recorded at 5.56 per cent, up 0.16 percentage points from the government's target of 5.4 per cent, official data disclosed. However...

Bangladesh's startup ecosystem ‘needs systematic branding’

Bangladesh's startup ecosystem ‘needs systematic branding’

FE REPORT 2021-07-19 10:01:01

Bangladesh's startup ecosystem is an untapped digital goldmine of Asia which needs a systematic country branding in an effort to attract more foreign investments and expand accordingly. There is also...

Bangladesh's monetary policy targets economic recovery

Bangladesh's monetary policy targets economic recovery

SIDDIQUE ISLAM 2021-07-19 08:39:14

Bangladesh Bank (BB) has decided to continue with the expansionary monetary policy stance (MPS) during the current fiscal year (FY) to facilitate the recovery of the pandemic-hit economy, officials sa...

Italy's exports recover to pre-pandemic levels

Italy's exports recover to pre-pandemic levels

-- 2021-07-17 14:11:18

Italy's exporters have recovered to pre-pandemic levels, according to two reports jointly released on Friday by the country's National Institute of Statistics (ISTAT) and the Italian Trade Agency (ICE...

Bangladesh to press India not to continue anti-dumping duty on jute goods

Bangladesh to press India not to continue anti-dumping duty on jute goods

SYFUL ISLAM 2021-07-17 08:45:40

The government will place arguments to India next month on why the neighbouring country should not further continue imposing anti-dumping duty on the export of Bangladeshi jute goods, officials said...

Bangladesh's exports to SAARC countries post impressive growth

Bangladesh's exports to SAARC countries post impressive growth

FHM HUMAYAN KABIR 2021-07-17 08:34:49

Bangladesh's export to the SAARC nations has been rising year on year, and it has swelled by 88 per cent in the last five years, analysts said on Friday. The growth of Bangladeshi products' shipment...

Bangladesh government's net bank borrowing falls

Bangladesh government's net bank borrowing falls

SIDDIQUE ISLAM 2021-07-16 08:01:07

The government's net bank borrowing fell sharply in the just concluded fiscal year (FY) due to lower implementation of the annual development programme (ADP) amid the pandemic. Higher sales of nation...

Vaccine institute in Bangladesh can be gamechanger for its economy, say experts

Vaccine institute in Bangladesh can be gamechanger for its economy, say experts

UNB 2021-07-15 19:12:49

As the government has planned to establish a vaccine institute, experts have appreciated it as a timely and bold move as they think Bangladesh has huge potential to grab the international vaccine mark...

Target setting for new CMSMEs' package revised

Target setting for new CMSMEs' package revised

SIDDIQUE ISLAM 2021-07-15 08:39:56

The stimulus package for the cottage, micro, small and medium enterprises (CMSMEs) has entered into its second phase with amending the target fixation method, officials said. Under the revised form...

Bangladesh Bank asks banks to take safeguards for export trade

Bangladesh Bank asks banks to take safeguards for export trade

FE REPORT 2021-07-14 09:00:11

The central bank has issued a guideline note asking authorized dealer (AD) banks to take appropriate safeguards for export trade, officials concerned said. The AD banks have been reminded about the...

‘Govt to provide financial support to ensure compliance in industries’

‘Govt to provide financial support to ensure compliance in industries’

UNB 2021-07-13 22:47:52

Prime Minister's Private Industry and Investment Affairs Adviser Salman F Rahman on Tuesday said like Accord and Alliance in the RMG sector, a body would be formed for the domestic industries to ensur...

PM announces five new stimulus packages worth Tk 32.0b

PM announces five new stimulus packages worth Tk 32.0b

-- 2021-07-13 16:11:11

Prime Minister Sheikh Hasina has announced five new financial packages amounting to Tk 32 billion to help low-income groups. The incentive packages are aimed at helping the people affected by lockdow...

Tk 400b stimulus enters 2nd phase, foreign companies included

Tk 400b stimulus enters 2nd phase, foreign companies included

SIDDIQUE ISLAM 2021-07-13 08:41:25

Implementation process of the second phase of the stimulus package worth Tk 400 billion for large industries and service sector business entities has started with the inclusion of foreign-owned comp...

World hunger, malnutrition levels worsen dramatically: UN report

World hunger, malnutrition levels worsen dramatically: UN report

REUTERS 2021-07-12 20:03:00

World hunger and malnutrition levels worsened dramatically last year, with most of the increase likely due to the COVID-19 pandemic, according to a multi-agency United Nations (UN) report published on...

Govt stipend that brings relief to millions

Govt stipend that brings relief to millions

-- 2021-07-12 15:48:31

Despite the onslaught of Covid-19 and subsequent lockdowns, 10 million families across the country have had a little relief receiving the full stipend of primary school education for the fiscal year o...

Rationalised land price for light engineering sector suggested

Rationalised land price for light engineering sector suggested

FE DESK REPORT 2021-07-12 10:12:20

Policy reforms, aligned polices with the WTO directives, fiscal and non-fiscal benefits and domestic measures are key to overcome the challenges of LDC graduation for Bangladesh, speakers said in a di...

Interest rate spread widens in May

Interest rate spread widens in May

Siddique Islam 2021-07-12 08:49:54

The interest rate spread widened significantly in May, 2021 as the banks cut their deposit rates further while lending rates remained unchanged, bankers have said. The weighted average spread betwe...

Bangladesh’s impressive development did not benefit everyone equally

Bangladesh’s impressive development did not benefit everyone equally

-- 2021-07-11 19:51:48

Bangladesh’s journey in the post-independence period was tough. Bangladesh inherited a war-hit poor economy in 1971. Despite limited resources, Bangladesh has made spectacular economic progress...

Government set to release final draft policy on investing abroad

Government set to release final draft policy on investing abroad

FE Online Report 2021-07-11 19:37:33

The government is set to release a final draft policy titled ‘Bangladeshis Investment Policy Abroad-2021’ soon to allow the country’s investors to invest in other countries. To this...