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Bangladesh regains 40pc cancelled RMG export orders: Foreign minister

Bangladesh regains 40pc cancelled RMG export orders: Foreign minister

-- 2020-10-27 22:37:27

Foreign Minister AK Abdul Momen on Tuesday said Bangladesh has regained 40 per cent of readymade garment (RMG) export orders, which were cancelled by different countries amid COVID-19, due to efforts...

Global FDI drops 49 pc in H1, Bangladesh also sees decline

Global FDI drops 49 pc in H1, Bangladesh also sees decline

FE Online Report 2020-10-27 13:26:07

Inflows of global foreign direct investment (FDI) fell 49.0 per cent in the first half (H1) of the current year ‘due to the economic fallout from Covid-19’. The latest Global Investment T...

US sanction fear dissuades Bangladesh from tapping Russia export market

US sanction fear dissuades Bangladesh from tapping Russia export market

REZAUL KARIM 2020-10-27 09:54:47

Country's banks are reluctant to establish direct transaction links with the Russian banks amid the fear of possible US sanction, officials said. The fear was expressed in a position paper prepared b...

Bangladesh to simplify FDI policy for companies leaving China

Bangladesh to simplify FDI policy for companies leaving China

-- 2020-10-26 18:19:51

Bangladesh is looking at simplifying its foreign direct investment (FDI) policy as well as the corporate taxation system to lure companies seeking to move their manufacturing base from China in view o...

GDP more of a 'black box' to common man: Economists

GDP more of a 'black box' to common man: Economists

FE REPORT 2020-10-26 11:28:11

Some leading economists on Saturday suggested exploring 'exceptional indicators' that would help make the economic development visible and easily understandable to the common man. They also expressed...

BPC identifies 800 tourist spots in eight divisions

BPC identifies 800 tourist spots in eight divisions

-- 2020-10-25 20:17:40

The Bangladesh Parjatan Corporation (BPC) has identified more than 800 tourist spots in eight divisions of the country. The Parliamentary Standing Committee on the Ministry of Civil Aviation and Tour...

GYV Victor named first chairman of newly formed Bangladesh India Mediators Forum

GYV Victor named first chairman of newly formed Bangladesh India Mediators Forum

-- 2020-10-25 16:58:33

The Bangladesh India Mediators Forum (BIMF) was set up on October 22 with India’s GYV Victor as its first chairman and a member of the Board. BIMF seeks to promote bilateral working environment...

Bangladesh: From a ‘basket case’ to a robust economy

Bangladesh: From a ‘basket case’ to a robust economy

Mark Tully 2020-10-24 20:34:35

The International Monetary Fund’s (IMF) projection that Bangladesh’s per capita income in dollar terms is likely to overtake India’s has focused attention on a nation that has risen...

‘Sea tourism can help Bangladesh beat Covid blues’

‘Sea tourism can help Bangladesh beat Covid blues’

UNB 2020-10-24 18:11:51

For a country that has the world's largest mangrove forest Sundarbans, the good old port of Chattogram, sandy beach Cox’s Bazar, the beautiful Teknaf peninsula and eye-catching Saint Martin Isla...

WTO holds back on LDCs’ request to extend TRIPS waiver

WTO holds back on LDCs’ request to extend TRIPS waiver

FE Online Report 2020-10-24 12:57:00

The Least Developed Countries’ (LDCs) request to extend the transition period of Trade-Related Aspects of Intellectual Property Rights (TRIPS) didn't get full support from the members of the Wor...

Bankers bullish on boost in country's exports

Bankers bullish on boost in country's exports

FE REPORT 2020-10-24 09:37:53

Open account financing has the potential to boost the country's exports, but higher pricing compared with LCs may erode competitive edge of exporters, bankers say. The views came at a webinar on Frid...

Bangladesh ducks recession, but economists see inflation threat

Bangladesh ducks recession, but economists see inflation threat

SIDDIQUE ISLAM 2020-10-24 09:31:52

Increased money supply in the last six months following a substantial growth in high-powered money has helped Bangladesh avert possible recession, but economists say inflationary pressure is building...

Why Bangladesh’s GDP is projected to grow despite COVID-19

Why Bangladesh’s GDP is projected to grow despite COVID-19

-- 2020-10-23 19:30:37

The following article appeared on indiaspend.com on October 20, 2020   India’s gross domestic product will contract by 10.3% and per capita income by 11.2% in 2020-21, while Bangladesh&rs...

Vietnam's economy to grow by 3pc in 2020: Standard Chartered

Vietnam's economy to grow by 3pc in 2020: Standard Chartered

-- 2020-10-23 15:48:16

Vietnam's economy is expected to grow by 3.0 per cent in 2020, with rising consumption on improving sentiments and faster manufacturing driving the growth in the last quarter of this year, Vietnam New...

Britain seals first major post-Brexit trade deal with Japan

Britain seals first major post-Brexit trade deal with Japan

Reuters 2020-10-23 13:53:32

Britain and Japan formally signed a trade agreement on Friday, marking Britain’s first big post-Brexit deal on trade, as it continues to struggle to agree on a deal with its closest trading part...

Bangladesh to unveil eighth five-year plan in Nov after pandemic delay

Bangladesh to unveil eighth five-year plan in Nov after pandemic delay

-- 2020-10-23 13:30:58

The term of the Seventh Five-Year Plan ended in June, but the government failed to finalise a new plan by then as the coronavirus pandemic gripped Bangladesh, bdnews24.com reports. The General Econom...

IMF emphasises efficiency, productivity of the Bangladesh economy

IMF emphasises efficiency, productivity of the Bangladesh economy

FE REPORT 2020-10-23 09:45:26

Bangladesh needs to focus more on the supply-side policies to make the economy more efficient through augmenting a favourable business climate, the International Monetary Fund (IMF) said. It also sug...

Farm loan disbursement increases 32pc in July-Sept quarter

Farm loan disbursement increases 32pc in July-Sept quarter

SIDDIQUE ISLAM 2020-10-23 09:32:22

Agriculture loan disbursement grew by nearly 32 per cent or Tk 11.30 billion in the first quarter (Q1) of the current fiscal year (FY), 2020-21, following implementing stimulus packages along with pro...

IFC’s $35m investment in Prime Bank will help Bangladeshi businesses preserve thousands of jobs

IFC’s $35m investment in Prime Bank will help Bangladeshi businesses preserve thousands of jobs

FE Online Desk 2020-10-22 18:18:12

  IFC is helping to preserve thousands of jobs in Bangladesh through an investment in Prime Bank Limited to support small and medium enterprises (SMEs) and companies affected by the COVID-19 pan...

Indian economy set for deepest contraction this fiscal year: Poll

Indian economy set for deepest contraction this fiscal year: Poll

-- 2020-10-22 13:53:01

The Indian economy will suffer its deepest contraction on record this fiscal year and recent government stimulus does not go far enough to significantly boost activity depressed by the coronavirus pan...

Virtual Indo-Pacific Business Forum registration opens

Virtual Indo-Pacific Business Forum registration opens

FE ONLINE REPORT 2020-10-22 11:25:14

Registration for the October 28 and 29, 2020 virtual Indo-Pacific Business Forum (IPBF) is open, according to a US Embassy Dhaka statement issued on Wednesday. Senior US and international government...

More than half of Europe’s small businesses fear for survival: Survey

More than half of Europe’s small businesses fear for survival: Survey

-- 2020-10-22 10:55:28

Over half the small and medium-sized companies which together provide jobs for two-thirds of European workers fear for their survival in the coming 12 months, according to a survey released by managem...

2,84,000 expats go abroad by October 15, finance minister says

2,84,000 expats go abroad by October 15, finance minister says

-- 2020-10-21 22:08:52

Finance Minister AHM Mustafa Kamal has said at least 2,84,000 workers from Bangladesh joined their workplaces in overseas during the coronavirus pandemic till October 15. The minister said the number...

NBR strengthens efforts to expand tax net

NBR strengthens efforts to expand tax net

-- 2020-10-21 21:52:33

To tighten the noose around tax evaders and expand the tax net, the National Board of Revenue (NBR) is pulling out all the stops. The revenue collection authority has formed as many as 120 teams to b...

Kuwait passes law to cut expat numbers

Kuwait passes law to cut expat numbers

-- 2020-10-21 21:18:37

Kuwait’s parliament has approved a law to reduce the number of foreign workers in the country by one year, as part of efforts to ‘rebalance’ its population. The new legislation, whi...

IMF cuts Asia's growth forecast

IMF cuts Asia's growth forecast

-- 2020-10-21 19:31:11

The International Monetary Fund slashed this year’s economic forecast for Asia, reflecting a sharper-than-expected contraction in countries like India, a sign the coronavirus pandemic continues...

Bangladesh, ADB pledge 'special actions' for enhancing project performances

Bangladesh, ADB pledge 'special actions' for enhancing project performances

-- 2020-10-21 18:03:59

Bangladesh and Asian Development Bank (ADB) on Wednesday agreed to undertake 'special actions' in order to expedite the implementation of ADB-assisted projects in this country for promoting faster eco...

World trade rebounding slowly, outlook uncertain: UN report

World trade rebounding slowly, outlook uncertain: UN report

Reuters 2020-10-21 16:40:05

The value of global trade is set to fall by 7.0 per cent to 9.0 per cent in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United Nations report s...

Value of global trade set to fall by 7-9pc in 2020: UNCTAD

Value of global trade set to fall by 7-9pc in 2020: UNCTAD

Reuters 2020-10-21 13:25:43

The value of global trade is set to fall by 7 per cent to 9 per cent in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United Nations report said...

Tax revenue collection getting over pandemic hangover

Tax revenue collection getting over pandemic hangover

DOULOT AKTER MALA 2020-10-21 10:47:09

Tax revenue collection started gaining momentum gradually after the Covid-19 pandemic fallout, posting 4.11 per cent growth in the first quarter (Q1) of the current fiscal year (FY), 2020-21, compared...