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The Financial Express

Search results for: economy

Cautious rope walking wise for Bangladesh skipping any orbit, say policy researchers

Cautious rope walking wise for Bangladesh skipping any orbit, say policy researchers

FE REPORT 2021-09-07 10:17:58

Bangladesh should proactively engage with the World Trade Organisation (WTO) to redress any fallout from the emerging geopolitics-geoeconomics diarchies in aftermaths of pandemic and the country's...

Bangladesh Bank launches Tk 5b credit scheme for low-income people

Bangladesh Bank launches Tk 5b credit scheme for low-income people

FE REPORT 2021-09-06 09:16:54

The Bangladesh Bank (BB) launched a Tk 5.0-billion re-financing scheme on Sunday to help mitigate adverse impact of the Covid-19 pandemic on the marginal/landless farmers, low-income groups, school...

Tax waivers erodes 8.0pc of Bangladesh's tax-GDP ratio

Tax waivers erodes 8.0pc of Bangladesh's tax-GDP ratio

FE REPORT 2021-09-06 09:09:46

Tax exemptions are eroding 8.0 per cent from Bangladesh's tax-GDP ratio, but the government's revenue authority says it is necessary to spur economic growth. Bangladesh's tax-GDP ratio is one of th...

UAE announces plans to attract $150b FDI, foreign workers

UAE announces plans to attract $150b FDI, foreign workers

-- 2021-09-06 09:06:23

The United Arab Emirates plans to launch 50 new economic initiatives to boost the country's competitiveness and attract 550 billion dirhams ($150 billion) in foreign direct investment in the next nine...

FT starts financial literacy campaign

FT starts financial literacy campaign

FE ONLINE DESK 2021-09-05 13:42:04

Financial Times (FT), the leading economic and financial daily across the world, starts its ‘bold new charitable initiative’ on financial literacy.  The FT Financial Literacy and Inc...

Rats, drought, labour shortages during pandemic eat into edible oil recovery

Rats, drought, labour shortages during pandemic eat into edible oil recovery

-- 2021-09-05 10:56:34

In a sprawling oil palm plantation in the Malaysian state of Perak, watermelon seedlings are sprouting from freshly ploughed earth between palm saplings while rented cows graze in overgrown areas of t...

Call for inclusive growth, attention to environment

Call for inclusive growth, attention to environment

FE REPORT 2021-09-05 08:40:08

The prevailing Covid-19 pandemic has created new challenges like the rise of new poor and vulnerability of marginalised businesses for Bangladesh towards achieving sustainable development goals (SDG...

Revenue board plugs hole to stop VAT evasion

Revenue board plugs hole to stop VAT evasion

DOULOT AKTER MALA 2021-09-05 08:30:19

Government's revenue authority has issued new directives to check VAT evasion and also simplify the process of business operations of cigarette companies, who, nevertheless, pay a king's ransom to t...

Corporate debts may get costlier in Bangladesh

Corporate debts may get costlier in Bangladesh

JASIM UDDIN HAROON 2021-09-05 08:15:52

Bangladesh's private corporate organisations may feel economic pressures from a blowback as the US Fed prepares to squeeze its spendthrift pandemic supports in a corrective action likely to cause 'tap...

Dhaka to start feasibility study on PTA or FTA with Singapore

Dhaka to start feasibility study on PTA or FTA with Singapore

FE REPORT 2021-09-04 10:42:24

Dhaka has started the process to conduct a feasibility study on signing either a PTA or FTA with Singapore, aiming to further strengthen economic and trade ties with the Southeast Asian country, off...

Bangladesh's all but two fast-track projects miss deadlines

Bangladesh's all but two fast-track projects miss deadlines

FHM HUMAYAN KABIR 2021-09-04 09:27:16

All the fast-track projects in Bangladesh, save two, missed execution deadlines to entail massive cost escalation, insiders said. The Padma Bridge, its rail link, Rampal power plant, Pyra seaport d...

Central bank endorses BDRAL as full-fledged credit rating agency

Central bank endorses BDRAL as full-fledged credit rating agency

FE REPORT 2021-09-03 09:36:22

The Bangladesh Bank (BB) recognised Bangladesh Rating Agency Limited (BDRAL) as a full-fledged credit rating agency (CRA) on Thursday. BDRAL earlier used to rate only SMEs (small and medium enterpr...

Longer lifespan, nuclear family need new pension system

Longer lifespan, nuclear family need new pension system

FE REPORT 2021-09-03 09:05:45

Longer life expectancy, coupled with the gradual disappearance of the extended family system, makes it imperative for Bangladesh to design a robust pension system to avoid impoverishment in old age...

Bangladesh's exports fall 7.84pc short of July-August target

Bangladesh's exports fall 7.84pc short of July-August target

FE REPORT 2021-09-03 08:31:22

The country's earnings from merchandise exports fell short of the strategic target by 7.84 per cent to reach $6.85 billion in the July-August period this fiscal. Total export receipts in the first...

Banks' capital base bends under weight of non-performing loans

Banks' capital base bends under weight of non-performing loans

SIDDIQUE ISLAM 2021-09-03 08:19:45

Banks' capital base somewhat weakened in the first half of the current calendar year mainly under the weight of rising non-performing loans (NPLs), officials said. Strengths of the banking industry...

Trade gap crosses $1.0 billion in July

Trade gap crosses $1.0 billion in July

FE ONLINE REPORT 2021-09-02 15:17:21

Country’s trade gap with the rest of the world crossed $1.0 billion in a single month, July, this year, which is, to be precise, the first month of the current fiscal year (FY22). The latest st...

Bangladesh joins New Development Bank as its member

Bangladesh joins New Development Bank as its member

FE ONLINE REPORT 2021-09-02 12:55:37

The New Development Bank (NDB), established by BRICS (Brazil, Russia, India, China and South Africa) in 2015, has approved Bangladesh as a new member. The NDB Board of Governors took this decision in...

Taliban wrestle with Afghan economy

Taliban wrestle with Afghan economy

REUTERS 2021-09-02 10:07:35

Afghanistan's new Taliban rulers struggled to keep the country functioning on Wednesday after the final withdrawal of US forces, with foreign donors alarmed about an impending humanitarian crisis, Reu...

Remittance inflow into Bangladesh falls in July-August

Remittance inflow into Bangladesh falls in July-August

FE REPORT 2021-09-02 08:52:20

The flow of inward remittances fell more than 19 per cent during July-August period of this fiscal year over the corresponding first two months of the past FY, according to official statistics, main...

Over 4.0b people still lack any social protection, ILO report finds

Over 4.0b people still lack any social protection, ILO report finds

FE ONLINE DESK 2021-09-01 18:28:49

Despite the unprecedented expansion of social protection during the COVID-19 crisis, more than 4.0 billion people around the world remain entirely unprotected, a new International Labour Organization...

Surging Covid-19 cases dampen US consumer confidence

Surging Covid-19 cases dampen US consumer confidence

-- 2021-09-01 11:12:42

US consumer confidence fell to a six-month low in August as worries about soaring Covid-19 infections and higher inflation dimmed the outlook for the economy. The survey from the Conference Board on...

Indian growth jumps in April-June

Indian growth jumps in April-June

-- 2021-09-01 09:56:19

India's economy rebounded in the April-June quarter even while a devastating second wave of Covid-19 swept the country, with growth of over 20 per cent compared to a year earlier driven by a surge in...

SL declares economic emergency to contain food prices amid forex crisis

SL declares economic emergency to contain food prices amid forex crisis

-- 2021-09-01 09:10:10

Sri Lanka has declared an economic emergency empowering the authorities to seize stocks of staple foods and set their prices, to contain soaring inflation after a steep devaluation of its currency due...

Indian economy grows by 20.1pc, raising hopes of recovery

Indian economy grows by 20.1pc, raising hopes of recovery

-- 2021-08-31 20:32:53

India's economy grew by 20.1 per cent in the April-June quarter from the same period a year earlier, when it suffered a record contraction, the government announced Tuesday, raising hopes of an econom...

Bangladesh seeks strong policy, support for LDCs, graduating LDCs

Bangladesh seeks strong policy, support for LDCs, graduating LDCs

FE ONLINE REPORT 2021-08-31 18:05:41

Bangladesh urged the global communities for stronger policies, measures and new support for the LDCs as well as the graduating LDCs, said Foreign Ministry on Tuesday. Foreign Minister Abdul Momen m...

China's economy under pressure as factory activity slows in Aug

China's economy under pressure as factory activity slows in Aug

-- 2021-08-31 15:54:52

China's businesses and the broader economy came under increasing pressure in August as factory activity expanded at a slower pace while the services sector slumped into contraction, raising the likeli...

Israel will loan Palestinians money after highest-level talks in years

Israel will loan Palestinians money after highest-level talks in years

-- 2021-08-31 10:38:01

Israel will lend the cash-strapped Palestinian Authority more than $150 million after the sides held their highest-level meeting in years, Israeli officials said on Monday, while playing down prospect...

CMSMEs to get loans worth Tk 2.0b from next month

CMSMEs to get loans worth Tk 2.0b from next month

FE REPORT 2021-08-31 09:05:06

SME Foundation is set to disburse credit worth Tk 2.0 billion under the government's second phase of stimulus package from next month, aiming to help entrepreneurs sustain their ventures amid pandemic...

AIIB to review Bangladesh projects for quicker execution

AIIB to review Bangladesh projects for quicker execution

FHM HUMAYAN KABIR 2021-08-31 08:23:51

The Asian Infrastructure Investment Bank (AIIB), new-generation development financier, is set to review Bangladesh projects shortly for speeding up execution by removing bottlenecks. Officials said...

Dollar steadies near two-week lows

Dollar steadies near two-week lows

-- 2021-08-30 20:54:10

The dollar steadied near two-week lows on Monday, held back by the message from the U.S. Federal Reserve chief that there is no hurry to dial back massive stimulus. The allure of the greenback took a...