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The Financial Express

Search results for: economy

Govt aims to boost national revenue for rapid economic growth

Govt aims to boost national revenue for rapid economic growth

-- 2021-10-15 17:12:23

The government is aiming to take up the economy's revenue-GDP ratio to 11.5 per cent by 2023-24 fiscal through modernisation of revenue administration, broadening the tax base, higher tax compliance,...

Bangladesh seeks stronger trade, investment ties with Serbia 

Bangladesh seeks stronger trade, investment ties with Serbia 

-- 2021-10-15 16:35:20

Foreign Minister Dr AK Abdul Momen has sought Bangladesh's stronger trade and investment ties with Serbia and close cooperation in addressing global issues. On the sidelines of the 60th Commemorative...

Calls grow for removal of PPP project funding hurdles

Calls grow for removal of PPP project funding hurdles

FE REPORT 2021-10-15 08:50:12

Prime minister's Principal Secretary Dr Ahmad Kaikaus has called for removing technical difficulties in financing the public-private partnership (PPP) projects by banks and financial institutions (FIs...

'E-transfers, equal incentives can trigger FDI inflow into Bangladesh'

'E-transfers, equal incentives can trigger FDI inflow into Bangladesh'

FE REPORT 2021-10-15 08:20:28

Deeper deregulations and structural reforms can bring desired foreign direct investment in Bangladesh from Japan and elsewhere, says the Japanese envoy in Dhaka, naming two major triggers for FDI in...

Global economy feels pinch of cost surge

Global economy feels pinch of cost surge

-- 2021-10-14 20:17:03

From beef bowls in Tokyo to fried chicken in London, consumers are beginning to feel the pinch from the surge in costs washing over the global economy. The rebound in economic activity as coronavirus...

Bangladesh's per capita GDP to be $2,138.794 this year, IMF projects

Bangladesh's per capita GDP to be $2,138.794 this year, IMF projects

-- 2021-10-14 16:52:16

Bangladesh's per capita gross domestic product (GDP) will be US$2,138.794 in 2021 which is higher than neighbouring India, according to the International Monetary Fund (IMF). The per capita GDP of In...

Energy crisis could lead to slowdown in global economic recovery, says IEA

Energy crisis could lead to slowdown in global economic recovery, says IEA

-- 2021-10-14 15:20:16

A global energy crunch is expected to boost oil demand by half a million barrels per day (bpd) and could stoke inflation and slow the world's recovery from the COVID-19 pandemic, the International Ene...

Stakeholders call for framing regulations, laws for Sukuk or Shariah bonds

Stakeholders call for framing regulations, laws for Sukuk or Shariah bonds

FE REPORT 2021-10-14 09:13:27

Speakers at a workshop on Wednesday emphasised enacting separate laws and regulations for Sukuk or Shariah-based bonds as the instruments are different in features from the traditional fixed-income on...

'Great financing divide' between rich, poor nations slows recovery: IMF

'Great financing divide' between rich, poor nations slows recovery: IMF

-- 2021-10-13 17:15:31

Economic growth in poorer countries will likely lag pre-pandemic expectations for years, given gaps in vaccination rates, revenue growth and the ability to borrow, the International Monetary Fund said...

ADB boosts climate financing goal to $100 billion for 2019-2030 period

ADB boosts climate financing goal to $100 billion for 2019-2030 period

-- 2021-10-13 17:13:01

The Asian Development Bank will boost its climate financing goals by $20 billion to a new target of $100 billion for the 2019-2030 period. The lender also aims to launch its concept for retiring coal...

‘World economy needs to be overhauled to withstand future challenges'

‘World economy needs to be overhauled to withstand future challenges'

-- 2021-10-13 15:50:33

The governance of the world economy needs to be overhauled to ensure it can withstand future health and economic shocks, as well as challenges posed by climate change and the rise of China, advisors t...

Energy crunch stokes inflation, economic recovery concerns

Energy crunch stokes inflation, economic recovery concerns

-- 2021-10-12 20:02:07

Authorities from Beijing to Delhi scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that rising energy costs will stoke inflation and...

Japan wholesale inflation hits 13-year high

Japan wholesale inflation hits 13-year high

-- 2021-10-12 11:18:38

Japan's wholesale inflation hit a 13-year high in September as rising global commodity prices and a weak yen pushed up import costs, putting pressure on corporate margins and raising the risk of unwan...

$700 million Korean aid for Bangladesh in next five years

$700 million Korean aid for Bangladesh in next five years

FHM HUMAYAN KABIR 2021-10-12 09:15:04

Dhaka is set to strike an economic-cooperation deal with Seoul today (Tuesday) as the latter will provide some $700-million aid in the next five years. For the first time in its economic ties, South...

Three economists win Nobel economics prize

Three economists win Nobel economics prize

-- 2021-10-11 16:22:02

Three economists— David Card, Joshua Angrist, and Guido Imbens — won the 2021 Nobel economics prize, the Royal Swedish Academy of Sciences said on Monday. The prize, formally known as the...

'Middle class no longer active in leadership, intellectualism'

'Middle class no longer active in leadership, intellectualism'

FE ONLINE REPORT   2021-10-10 20:06:36

Despite widening of the size of the middle class in the country from economic perspective, their participation in political leadership, intellectualism, and socio-cultural activities has come to the g...

IMF approves fourth tranche of debt relief to 24 low-income countries

IMF approves fourth tranche of debt relief to 24 low-income countries

-- 2021-10-09 18:58:35

The International Monetary Fund has approved a $124 million extension of IMF debt relief to 24 low-income countries through January 10, 2022. The approval of the fourth tranche of debt relief from th...

Economists emphasise regional value chain, connectivity

Economists emphasise regional value chain, connectivity

FE REPORT 2021-10-09 08:44:47

Experts Friday emphasised establishing increased connectivity and regional value chain by resolving high tariff issues among the countries for navigating a changing global economic order stemming from...

Deal reached on global minimum corporate tax

Deal reached on global minimum corporate tax

-- 2021-10-08 22:55:14

A global deal to ensure big companies pay a minimum tax rate of 15 per cent and make it harder for them to avoid taxation has been agreed by 136 nations, the Organisation for Economic Cooperation and...

Data probe violated World Bank staff rules, IMF chief’s lawyer claims

Data probe violated World Bank staff rules, IMF chief’s lawyer claims

-- 2021-10-08 19:23:37

The lawyers, who investigated World Bank data-rigging allegations against IMF Managing Director Kristalina Georgieva, violated World Bank staff rules by failing to notify her that she was a subject of...

Bangladesh to turn into $500b economy

Bangladesh to turn into $500b economy

FE REPORT 2021-10-08 08:38:34

Bangladesh may become a US$500 billion economy with the per-capita income rising to $3,000 by 2025-26 fiscal year on the back of a steady growth, Standard Chartered Bank predicts. The international b...

World Bank revises up Bangladesh's growth to 6.4 per cent

World Bank revises up Bangladesh's growth to 6.4 per cent

FE ONLINE REPORT 2021-10-07 12:14:34

The World Bank has forecasted Bangladesh's economic growth at 6.4 pc for the fiscal year 2021-22, which is 1.3 percentage points higher than the earlier projection. In June last, the Washington-based...

How China’s ‘common prosperity’ drive may impact the world

How China’s ‘common prosperity’ drive may impact the world

-- 2021-10-07 10:53:41

China says its policies aimed at narrowing the widening wealth gap are precisely what it needs in this moment of its economic trajectory - but critics say it comes with even greater control of how...

How COVID-19 in Southeast Asia is threatening global supply chains

How COVID-19 in Southeast Asia is threatening global supply chains

-- 2021-10-06 19:03:32

Fresh coronavirus outbreaks in Southeast Asia have hurt factory activity across industries, threatening the region's recovery from the COVID-19 pandemic and disrupting global supplies of goods such as...

BGMEA president says Bangladesh RMG industry growing sustainably

BGMEA president says Bangladesh RMG industry growing sustainably

-- 2021-10-06 18:59:54

Sustainability is one of the core areas of concern for Bangladesh’s RMG industry which is making all-out efforts to achieve environment-friendly growth, BGMEA President Faruque Hassan has said....

IMF trims global growth forecast for 2021 citing 'vaccine divide'

IMF trims global growth forecast for 2021 citing 'vaccine divide'

-- 2021-10-06 12:53:00

The International Monetary Fund expects global economic growth in 2021 to fall slightly below its July forecast of 6 per cent, IMF chief Kristalina Georgieva said on Tuesday, citing risks associated w...

Moody's upgrades outlook on India to stable from negative

Moody's upgrades outlook on India to stable from negative

-- 2021-10-06 10:35:40

Ratings agency Moody's Investors Service on Tuesday upgraded its outlook on India to stable from negative, saying downside risks in Asia's third largest economy and its financial institutions have red...

Global tax deal drops ‘at least’ from proposed minimum of 15pc

Global tax deal drops ‘at least’ from proposed minimum of 15pc

-- 2021-10-05 21:48:12

An updated draft of a global corporate tax overhaul has dropped "at least" from a proposed minimum rate of "at least 15 per cent", possibly clearing a major hurdle for Ireland as negotiations enter a...

Trade gap crosses $4.0b in July-Aug

Trade gap crosses $4.0b in July-Aug

FE ONLINE REPORT 2021-10-05 16:58:06

Country’s merchandise trade gap with the rest of the world crossed US$ 4.0 billion in the first two months of the current fiscal year (FY22). Bangladesh Bank statistics showed that trade gap st...

ADB puts in pipeline $10-12 billion in aid for Bangladesh

ADB puts in pipeline $10-12 billion in aid for Bangladesh

FE REPORT 2021-10-05 08:39:28

Launching its fresh country partnership strategy (CPS), the Asian Development Bank (ADB) put in aid pipeline US$10-$12 billion for funding Bangladesh's development recipe over five years to 2025. F...