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The Financial Express

Search results for: economy

Inflation up in June

Inflation up in June

FE Online Report 2020-07-06 16:52:57

The point-to-point inflation rate in last month June increased by 0.67 percentage points to 6.02 per cent due to significant rise of the food inflation, official data showed. In May, the rate of infl...

Vietnam's garment exports decline 15.5pc in H1

Vietnam's garment exports decline 15.5pc in H1

-- 2020-07-06 16:14:57

Vietnam's total textile and garment export value in the first half of this year declined by 15.5 per cent year-on-year to nearly 12.8 billion US dollars, according to the country's General Statistic...

New container line opens between Ctg, Kolkata ports

New container line opens between Ctg, Kolkata ports

FE REPORT 2020-07-06 09:48:59

A new container line has started operating between Chattogram and Kolkata seaports in a significant move to boost Indo-Bangladesh trade. The vessel,Harmann Schepper, left the Ctgport on Thursday la...

Stakeholders divided on PPP-run jute mills

Stakeholders divided on PPP-run jute mills

-- 2020-07-05 16:26:56

The government's plans to revitalise the flagging jute sector through public-private partnerships have been met with scepticism from stakeholders in the industry. It came after the government announc...

Egypt's Red Sea resort city obtains 899 foreign tourists

Egypt's Red Sea resort city obtains 899 foreign tourists

-- 2020-07-05 16:18:43

Egypt's Red Sea resort city of Hurghada received on Saturday 899 foreign tourists aboard five flights coming from Switzerland, Belarus and Ukraine, the Red Sea governor told reporters at Hurghada airp...

German minister sees economic recovery from October

German minister sees economic recovery from October

Reuters 2020-07-05 14:17:19

Germany’s economy may recover from October onwards from the coronavirus pandemic, Economy Minister Peter Altmaier said in a newspaper interview on Sunday. “I am sure that the downturn of...

Dhaka requests Kathmandu to conclude negotiations on PTA

Dhaka requests Kathmandu to conclude negotiations on PTA

FE Report 2020-07-05 10:33:52

Bangladesh has requested Nepal to conclude discussion son signing of preferential trade agreement (PTA) in the shortest possible time, officials said. In this regard, the commerce secretary of Bang...

Call for new skills to meet post-Covid needs

Call for new skills to meet post-Covid needs

FE REPORT 2020-07-05 10:27:56

Speakers in a webinar on Saturday suggested the authorities concerned act fast to develop new skill sets among the workforce to tap potential investment in the post-COVID era. As countries like the U...

RMG exports to US drop 12pc

RMG exports to US drop 12pc

Monira Munni 2020-07-05 09:42:38

The country's apparel exports to the United States fell by 12.10 per cent during the first five months of the current calendar year due to the ongoing Covid-19 pandemic, exporters have said. Banglade...

ADP for FY 2020-21: Unapproved projects are there again

ADP for FY 2020-21: Unapproved projects are there again

FHM Humayan Kabir 2020-07-05 09:36:49

The coronavirus impact has failed to restrict public agencies from the race for including unapproved projects in the current development programme as nearly 1,450 have been added to tally. An FE anal...

Business sector still far from reaching SDGs, UN report shows

Business sector still far from reaching SDGs, UN report shows

-- 2020-07-04 20:15:11

A recent United Nations report on the private business sector shows that the majority of companies are not doing enough to help bring about the UN’s 2030 Agenda for Sustainable Development Goals...

Demand for COVID-19 aid drops

Demand for COVID-19 aid drops

-- 2020-07-04 17:11:54

The demand for aid has dropped as the coronavirus-hit unemployment was curbed by the resumption of economic activities around the country. State Minister for Disaster Management and Relief Md Enamur...

Euro zone business slump eased in June

Euro zone business slump eased in June

-- 2020-07-04 15:29:12

The plunge in euro zone business activity caused by lockdowns imposed to stop the spread of the coronavirus eased sharply last month as more businesses reopened and people ventured out, a survey has s...

Nepal's tourism sector incurs loss of $282m

Nepal's tourism sector incurs loss of $282m

-- 2020-07-04 12:48:16

Nepal's tourism industry is estimated to lose 34 billion Nepali Rupees (282 million US dollar) since the country’s government enforced lockdown in March to prevent the spread of COVID-19 pandemi...

Ctg Customs House misses FY '20 tax collection target

Ctg Customs House misses FY '20 tax collection target

 Nazimuddin Shyamol 2020-07-04 10:22:15

The Chittagong Customs House (CCH) has failed to achieve the target of collection of taxes in the just-ended fiscal year (2019-20). Last year, the National Board of Revenue (NBR) fixed a Tk 582.98-bi...

Container growth slows in FY'20

Container growth slows in FY'20

JASIM UDDIN HAROON 2020-07-04 09:33:44

The growth in container handling at the country's prime sea port of Chittagong slowed down to nearly 3.0 per cent in the just-concluded fiscal year due to poor shipment. This is provisional statistic...

Bangladesh gearing up for new era of taxation

Bangladesh gearing up for new era of taxation

-- 2020-07-03 21:31:47

The government has chalked out a series of programmes to enter a new era of taxation from FY 2020-21 in the run-up to achieving Vision 2041 and reaching the Sustainable Development Goals 2030. "We mu...

FDI continues to plummet amid coronavirus crisis

FDI continues to plummet amid coronavirus crisis

-- 2020-07-03 21:14:40

The flow of foreign direct investment (FDI) into Bangladesh has continued to plummet amid the coronavirus crisis after FDI dropped by over 50 per cent in 2019 from the previous year. FDI dropped by 1...

ADB joins NGFS as observer

ADB joins NGFS as observer

-- 2020-07-03 20:48:05

The Asian Development Bank (ADB) joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as an observer on June 23. NGFS, launched at the Paris One Planet Summit on...

BD lost Tk 40b export earnings for BJMC: Minister

BD lost Tk 40b export earnings for BJMC: Minister

-- 2020-07-03 19:25:51

Textiles and Jute Minister Golam Dastagir Gazi has blamed the Bangladesh Jute Mills Corporation (BJMC) for the current malaise in the flagging jute sector. He blamed the organisation for costing the...

UNDP launches Future of Work Lab in BD for resilient economy

UNDP launches Future of Work Lab in BD for resilient economy

FE Online Report 2020-07-03 19:18:41

The United Nations Development Programme (UNDP), in collaboration with its Bangkok Regional Hub, launched the Future of Work Lab in Bangladesh on Thursday aiming to facilitate and accelerate Banglades...

US trade deficit widens as exports fall to lowest level since 2009

US trade deficit widens as exports fall to lowest level since 2009

REUTERS 2020-07-03 13:25:19

The US trade deficit widened in May as the Covid-19 pandemic pushed exports to their lowest level since 2009, strengthening expectations the economy will contract in the second quarter at its steepest...

ADP execution rate hits 10-yr low

ADP execution rate hits 10-yr low

FHM HUMAYAN KABIR 2020-07-03 09:28:12

The government's capacity for implementing the development projects dropped further last fiscal year, an analysis showed. The official data also showed that the development programme execution rate h...

Large taxpayers power NBR

Large taxpayers power NBR

Doulot Akter Mala 2020-07-03 09:25:28

Corporate tax payment by large taxpayers jumped by over 15 per cent during the just-concluded fiscal year, despite COVID-induced economic devastation. The growth is the highest in seven years, offici...

Forex reserve crosses $36b-mark for first time ever

Forex reserve crosses $36b-mark for first time ever

FE Online Report 2020-07-02 20:00:53

Bangladesh’s foreign exchange (forex) reserve has crossed the US$36 billion-mark -- for the first time in history, following lower import payment obligations and higher growth of inward remittan...

Remittances hit record $18.20b in FY20

Remittances hit record $18.20b in FY20

FE Online Report 2020-07-02 18:28:16

The flow of remittances grew by nearly 11 per cent to a record US$18.20 billion in the just-concluded fiscal year (FY) despite the ongoing Covid-19 pandemic, officials said. The figure in FY19 was $1...

US manufacturing activity rebounds in June

US manufacturing activity rebounds in June

-- 2020-07-02 16:22:32

Economic activity in the US manufacturing sector rebounded in June, after three months of contraction amid mounting Covid-19 fallout, the Institute for Supply Management (ISM) reported Wednesday. The...

BB announces policy on export against payment guarantees

BB announces policy on export against payment guarantees

FE Online Report 2020-07-02 09:52:45

The central bank has issued a policy allowing banks to export goods under open account credit terms instead of letters of credit (LCs) with foreign payment guarantees. Under the new policy, exporters...

VAT reg display: Non-compliant firms face penalty

VAT reg display: Non-compliant firms face penalty

Doulot Akter Mala 2020-07-02 09:41:31

Businesses and shops may have to face penal action for not displaying VAT registration certificates on their premises from now on. The Value Added Tax implementation wing of the National Board of Rev...

RMG exports drop 19pc in FY'20

RMG exports drop 19pc in FY'20

Monira Munni 2020-07-02 09:34:40

The country's readymade garment (RMG) exports declined by 18.84 per cent to US$ 27.70 billion in the just concluded fiscal year (FY 2019-20). The sector had fetched $ 34.13 billion in the FY 2018-19....