Loading...
The Financial Express
Swasti Lankabangla Swasti Lankabangla

Search results for: economy

Bangladesh revises eligibility for investment in WEBs

Bangladesh revises eligibility for investment in WEBs

FE REPORT 2020-09-08 09:49:53

The central bank has revised the eligibility for purchasing wage-earner bonds (WEBs) in a move that could frustrate many potential investors. A notice issued on Monday said Bangladeshi people, who...

Sales of govt savings tools nosedive in July

Sales of govt savings tools nosedive in July

Arafat Ara 2020-09-08 09:31:59

After a sudden increase in June, net sales of the state-owned savings instruments dropped drastically in July, the first month of the current fiscal year (FY), 2020-21, according to official data. Th...

Vietnam's wood, woodwork export up in eight months

Vietnam's wood, woodwork export up in eight months

-- 2020-09-07 15:34:30

Vietnam exported more than 7.3 billion US dollars of wood and wood-based products in the first eight months of this year, up 9.6 per cent against the same period last year, according to the Vietnam Ad...

Tax, stock performance not compatible with economic growth

Tax, stock performance not compatible with economic growth

FE REPORT 2020-09-07 09:38:56

The government is trying to address two big contradictions in the economy - low tax-to-GDP ratio and stock market capitalisation-to- GDP ratio, advisor to the Prime Minister on private industry and in...

Private banks to be given treasury responsibilities

Private banks to be given treasury responsibilities

SYFUL ISLAM 2020-09-07 09:19:18

The government is set to allow all banks to carry out treasury activities in places in an attempt to expand such services in the countryside, officials say. If and when implemented, the move will bri...

Covid-19: Philippines secures nearly $9b foreign loans, grants

Covid-19: Philippines secures nearly $9b foreign loans, grants

-- 2020-09-06 15:21:42

The Philippines has so far secured a total of 8.83 billion US dollars in borrowings, loans and grant assistance for the government's coronavirus disease (Covid-19) response efforts from its developmen...

Budget implementation: Ministries asked to submit plans by Sept 07

Budget implementation: Ministries asked to submit plans by Sept 07

FE REPORT 2020-09-06 10:23:48

The government has asked its ministries/divisions to submit their budget implementation plans within September 07, 2020 with a view to reviewing the trends in revenue receipts and expenditures against...

State banks cheer as SoEs'outstanding loans fall slightly

State banks cheer as SoEs'outstanding loans fall slightly

FE REPORT 2020-09-05 09:57:35

The outstanding and classified loans of state-owned enterprises (SoEs) to the public sector banks declined slightly in July compared to June, officials have said. At the end of July, the SoEs owed...

Modern slavery risks surge in Asia manufacturing hubs

Modern slavery risks surge in Asia manufacturing hubs

-- 2020-09-04 12:32:10

The risk of modern slavery in Asian manufacturing hubs has surged and is set to worsen with the economic impact of the new coronavirus, increased labour rights violations and poor law enforcement, a g...

Experts push for attaching priority to 4IR in industrial policy

Experts push for attaching priority to 4IR in industrial policy

FE REPORT 2020-09-04 09:53:42

Speakers at a virtual discussion on Thursday suggested incorporating the perspectives of fourth industrial revolution (4IR) in the upcoming national industrial policy for the benefit of the country....

Exports turn the corner

Exports turn the corner

FE Report 2020-09-04 09:48:06

The country's merchandise shipments during the first two months of fiscal year 2020-21 grew by 2.17 per cent to US$6.87 billion over that of the same period last fiscal. The July-August earnings also...

Poor FDI frustrates Kamal

Poor FDI frustrates Kamal

FE REPORT 2020-09-04 09:30:44

Finance minister AHM Mustafa Kamal on Thursday voiced his frustration over poor foreign direct investments in the country, which he called "unfortunate." He said the total size of global gross domest...

Self-employed people worst victims of Covid pandemic

Self-employed people worst victims of Covid pandemic

DOULOT AKTER MALA 2020-09-04 09:26:20

The Covid-19 pandemic has led to switch of profession in a number of sectors, forcing the unemployed workforces to opt for alternative ways of earning their living. The self-employed people are the w...

Non-lifers' high commission: IDRA reforms inspection teams to launch drive

Non-lifers' high commission: IDRA reforms inspection teams to launch drive

JASIM UDDIN HAROON 2020-09-04 09:25:52

The insurance regulator has reshuffled its surveillance teams in order to launch a clampdown on giving high agent commission illegally by non-life insurers for procuring business. In July 2019, the I...

US economy requires further fiscal support, says Fed official

US economy requires further fiscal support, says Fed official

-- 2020-09-03 13:20:48

US economic recovery remains "fragile," requiring further fiscal support to move into a "more sustained recovery" phase from the reopening phase, a senior Federal Reserve official has said. "The most...

France unveils 100 billion euro stimulus to revive economy

France unveils 100 billion euro stimulus to revive economy

Reuters 2020-09-03 12:53:22

The French government detailed on Thursday its 100 billion euro ($118.3 billion) stimulus plan to erase the economic impact of the coronavirus crisis over two years, lining up billions of euros in pub...

'Take steps to make SAFTA vibrant'

'Take steps to make SAFTA vibrant'

FE Report 2020-09-03 10:14:26

South Asian scholars in a webinar on Wednesday underscored the need for making the South Asian Free Trade Area (SAFTA) functional and vibrant in order to reap benefits while overcoming the post-Covid-...

Sign Vienna Convention on int’l goods sale contracts

Sign Vienna Convention on int’l goods sale contracts

FE REPORT 2020-09-03 09:24:16

A study on Wednesday urged the government to sign and ratify the UN Vienna Convention on Contracts for International Sale of Goods (CISG ) to protect the country's exporters. The study on "Review of...

Govt to purchase LNG from spot market for first time

Govt to purchase LNG from spot market for first time

-- 2020-09-02 21:04:26

The government has decided to purchase 3,490,200 Mmbtu liquefied natural gas (LNG) from the spot market for the first time in the country with a cost of around Tk 1.33 billion. The Cabinet Committee...

‘Remittance inflow witnesses 50pc growth in two months’

‘Remittance inflow witnesses 50pc growth in two months’

-- 2020-09-02 19:24:00

Mentioning that the inward remittance inflow witnessed a whopping 50 per cent growth during this July-August period, Finance Minister AHM Mustafa Kamal has said such uptrend of remittance inflow along...

Bangladesh receives $1.96b remittance in August

Bangladesh receives $1.96b remittance in August

-- 2020-09-02 17:27:57

Expatriate Bangladeshis remitted around $1.96 billion in the month of August in the fiscal 2020-21 which is the second highest in the country’s history, according to the latest data of Banglades...

Eurozone unemployment rises again

Eurozone unemployment rises again

-- 2020-09-02 11:36:10

The unemployment rate in the 19-member euro area continued to rise in July, a month marked by some relaxation of COVID-19 containment measures in many members of the European Union (EU), showed the fi...

Australia in recession for first time in nearly 30 years

Australia in recession for first time in nearly 30 years

-- 2020-09-02 10:17:21

Australia's economy has plunged into its first recession in nearly 30 years, as it suffers the economic fallout from the coronavirus. Gross domestic product (GDP) shrunk 7 per cent in the April-to-Ju...

Challenges lie in using factoring mechanism

Challenges lie in using factoring mechanism

FE REPORT 2020-09-02 09:43:18

Experts on Monday pinpointed challenges like lower capacity of bankers and people concerned in using widely-applied financing mechanism 'factoring'. To make it more popular, they suggested giving mor...

Forex reserves cross $39b for first time

Forex reserves cross $39b for first time

-- 2020-09-01 17:15:35

Foreign exchange reserves of Bangladesh have crossed $39 billion for the first time, according to an official of Bangladesh Bank. The reserves recorded at $39.4 billion on Tuesday are equivalent to a...

India's factory output rebounds in August

India's factory output rebounds in August

-- 2020-09-01 16:17:31

India's manufacturing sector bounced back in August amid improved customer demand and relaxation of coronavirus (Covid-19) lockdown, as per a survey released on Tuesday. The Purchasing Managers' Inde...

Govt endorses six development projects worth TK 66.29 billion

Govt endorses six development projects worth TK 66.29 billion

FE Online Report 2020-09-01 16:09:21

The government on Tuesday in Dhaka endorsed six development projects at a combined cost of Tk 66.29 billion. Presided over by the Prime Minister Sheikh Hasina, the Executive Committee of the National...

European investors bet on Asia’s debt

European investors bet on Asia’s debt

-- 2020-09-01 15:49:27

Low yields at home are sending some previously shy European investors into Asia’s credit markets, money managers say, lured by the promise of higher returns and a hope that rebounding economies...

Inequality shows no abetting: Govt report

Inequality shows no abetting: Govt report

FHM HUMAYAN KABIR 2020-09-01 10:09:47

Bangladesh is far from reducing inequality as its disparities in social and economic sectors are growing, finds a report on a Sustainable Development Goal (SDG). Even after four years of the SDGs imp...

PTA between Bangladesh, Bhutan likely to be signed by Sept

PTA between Bangladesh, Bhutan likely to be signed by Sept

REZAUL KARIM 2020-09-01 09:52:49

Signing of a preferential trade agreement (PTA) between Bangladesh and Bhutan has been delayed further as two neighbouring countries are yet to get approval to this effect, officials said. The countr...