The Financial Express

Search results for: economy

German minister warns of industry shutdown amid gas shortage

-- 2022-06-24 13:18:55

Germany is heading for a gas shortage if Russian gas supplies remain as low as they are now, and certain industries would have to be shut down if there is not enough come winter, Economy Minister Robe...

'Tame inflation, cut trade deficit'

FE REPORT 2022-06-24 09:03:33

Leading economist Dr Ahsan H Mansur has suggested focusing more on taming inflation, reducing trade deficit by adopting contractionary import policy, instead of chasing ambitious GDP-growth target i...

MCCI proposes budget revisions, tax-ceiling raise

FE REPORT 2022-06-24 08:46:52

A premier trade chamber Thursday urged the government to amend some provisions in the new budget, including raising the tax-free income limit because of high inflation. The Metropolitan Chamber of...

Bangladesh bags record foreign aid in outgoing FY

FHM HUMAYAN KABIR 2022-06-24 08:39:14

Bangladesh received a record amount of US$8.42 billion in foreign aid in 11 months of the current fiscal year, 47-percent higher over the previous corresponding period, despite global currency crunc...

Padma-Plus plan mooted to maximise bridge benefit

FE REPORT 2022-06-24 08:25:36

Economists and experts suggest that the government should formulate an integrated Padma-Plus plan to maximise multiple benefits of the Padma Multipurpose Bridge (PMB), set for opening tomorrow. At a...

Bangladesh receives record $8.41b foreign loans in 11 months of FY22

-- 2022-06-23 18:04:53

Bangladesh received a record US$8.41 billion in foreign loans in 11 months of the current FY22, the Economic Relations Division said on Thursday. At the current exchange rate, the amount is equivalen...

EU to help Bangladesh in improving capacity, safety at Ctg port

-- 2022-06-23 18:01:41

Bangladesh and the European Union (EU) have agreed to accelerate the removal of idle containers from the Chittagong Port premises in order to increase cargo-handling capacities and improve health and...

FY23 Budget: Call to reconsider tax withdrawal from plastic bags, impose higher tax

FE ONLINE REPORT 2022-06-23 17:42:44

Environment rights organisations on Thursday urged the government to reconsider the proposed tax withdrawal on all types of polythene bags and impose a higher tax on single-use plastic products. The...

India willing to support crisis-laden Sri Lanka's economic recovery

-- 2022-06-23 17:10:47

India's top diplomat held talks with Sri Lanka's president and prime minister on Thursday as India signalled its willingness to go beyond the $4 billion in loans, swaps and aid that it has already pro...

ADB may lend $2.3b under development recipe

SYFUL ISLAM 2022-06-23 08:33:12

The Asian Development Bank (ADB) may pledge to lend Bangladesh US$2.3 billion during 2023-2025 under an overall development recipe, at a time when the country launches a search for foreign-exchange...

Amount of defaulted loans crosses Tk 1.26 trillion, says finance minister

-- 2022-06-22 22:58:24

Finance Minister AHM Mustafa Kamal on Wednesday said the amount of defaulted loans in the country has crossed Tk 1.26 trillion. Apart from this, another Tk 210.46 billion is stuck due to the order of...

‘Consumer behaviour to remain unpredictable globally for near future’

-- 2022-06-22 22:03:03

Global retailers and consumer goods makers remain in crisis mode and expect consumer behaviour to remain unpredictable for the foreseeable future, top industry executives told a conference in Dublin t...

Monetary policy for FY23 to be unveiled on June 30

-- 2022-06-22 21:08:53

Bangladesh Bank (BB) will announce the monetary policy for the new fiscal year (2022-23) on June 30. Central bank’s governor Fazle Kabir will announce the monetary policy through a press confer...

Number of millionaires increases in January-March period: Bangladesh Bank

-- 2022-06-22 20:29:37

Bangladesh has seen an increase in the number of millionaires in January to March period of 2022 despite the inflation threat fuelled by the Russia-Ukraine war and Covid-19 pandemic, according to Bang...

WPPF provisions to be detrimental to compliant taxpayers: FICCI

-- 2022-06-22 18:31:51

The Foreign Investor’s Chamber of Commerce and Industry (FICCI) has expressed some concerns about the proposed national budget for the fiscal year 2022-23 along with its probable implication for...

UK inflation hits 40-year record, highest in G7

-- 2022-06-22 13:44:18

Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1 per cent last month, the highest rate out of the Group of Seven countries and underlining the severity of the cost-...

Drive for budget deficit financing gets going

FE ONLINE DESK 2022-06-22 10:28:45

An aggressive drive gets going for Bangladesh's budget-deficit financing as government officials are set to sit with the World Bank tomorrow (Thursday) for fund negotiations to begin with. Finance se...

Progress made in IMF-Pakistan talks on bailout programme

-- 2022-06-22 10:22:36

Important progress has been made in talks between the International Monetary Fund and Pakistan to revive the country's bailout programme, the lender's resident representative in Islamabad said on Wedn...

Make tax certificate mandatory: FBCCI

FE REPORT 2022-06-22 09:08:15

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) leaders demanded enhancing the tax-free income limit at individual level, withdrawing the newly-imposed taxes on laptop and eleva...

Central bank hopeful of achieving agriculture credit disbursement target

-- 2022-06-21 23:17:46

Different scheduled banks have disbursed agriculture credit of Tk 259.67 billion in the July-May period of the fiscal year 2021-22 against the disbursement target of Tk 283.91 billion. The Bangladesh...

Germany may face recession as Russian gas crisis deepens

-- 2022-06-21 19:18:03

Germany faces certain recession if already faltering Russian gas supplies completely stop, an industry body warned on Tuesday, as Italy said it would consider offering financial backing to help compan...

The country is now a role model in increasing inequality: Anu Muhammad

-- 2022-06-20 17:15:09

Bangladesh is now a role model of increasing inequality, said Anu Muhammad, a prominent economist and professor of economics at Jahangirnagar University. He made the remark at a seminar titled &lsquo...

Amnesty on undisclosed offshore assets should be for last time, says Mannan

FE REPORT 2022-06-20 09:07:59

Planning Minister MA Mannan on Sunday said the amnesty offered in the proposed budget for legalising offshore assets of Bangladeshi nationals should be for the last time and the rate of tax should be...

Fuel duty cut, trimming expenses suggested

FE REPORT 2022-06-20 09:05:47

The government should go for a duty cut on fuel imports, adjusting public expenditure as per income, and increasing lending rate for ensuring macroeconomic stability in the next fiscal year, economist...

Budget for FY 2022-23: Inflation battle, addl subsidies remain key tasks

FE REPORT 2022-06-20 08:44:28

Speakers at a post-budget discussion in the city on Sunday highlighted a number of challenges in the upcoming fiscal year, including inflationary pressure and giving additional subsidies to meet the b...

Inflation hits eight-year high

-- 2022-06-19 22:02:17

The Bangladesh Bureau of Statistics has reported a rise in general and food inflation in May. The BBS said general and food inflation rates were 7.42 per cent and 8.3 per cent respectively, the highe...

‘Allocate 2pc of GDP in budget for climate financing’

FE ONLINE REPORT 2022-06-19 18:38:33

Allocate 2.0 per cent of the GDP in the proposed national budget for the 2022-23 fiscal year (FY23) for climate financing in order to ensure a sustainable economy in the country, speakers demanded. E...

Women's stake in paid jobs very poor: Survey

FHM HUMAYAN KABIR 2022-06-19 08:53:41

Bangladesh's gender balance in employment is still in a bad shape as women spend only 1.2 hours a day for employment and related works while 5.9 hours for unpaid domestic and care works, a government...

Sri Lanka asks government employees to work from home

-- 2022-06-18 14:09:17

Sri Lanka's government on Friday ordered public sector employees to work from home for two weeks due to severe fuel shortages as the island nation grapples with its worst financial turmoil in seven de...

WB set to prepare strategy paper for BD to address key challenges

FHM HUMAYAN KABIR 2022-06-18 08:49:02

As Bangladesh marches toward upper-middle-income country (UMIC) status, the World Bank gets down to preparing a five-year Country Partnership Framework (CPF) to facilitate its development, officials s...