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Search results for: economy

UK manufacturers see no evidence of 'V'-shaped recovery

UK manufacturers see no evidence of 'V'-shaped recovery

-- 2020-09-21 14:00:50

British manufacturers see no evidence of a ‘V’-shaped recovery from the coronavirus pandemic underway and many are planning to slash investment, a business survey showed on Monday. The Ma...

Stimulus farm-loan package: BB extends deadline until December 30

Stimulus farm-loan package: BB extends deadline until December 30

FE REPORT 2020-09-21 09:37:53

The central bank has extended the deadline for disbursement of Tk. 50 billion special stimulus package for the Covid-19 pandemic hit agricultural sector to December 31 next. The original deadline w...

Vision 2041: Target to double tax-GDP ratio

Vision 2041: Target to double tax-GDP ratio

FHM HUMAYAN KABIR 2020-09-21 09:27:00

The government has taken an ambitious target to raise the revenue-GDP (Gross Domestic Product) ratio to 24.1 per cent as it aims to achieve the developed nation status by 2041, officials said on Satur...

eGeneration partners with GoB to fight pandemic

eGeneration partners with GoB to fight pandemic

FE Online Desk 2020-09-20 20:36:23

eGeneration, one of the leading IT companies in Bangladesh, has been working since the beginning of the pandemic to help strengthen the economy and society by offering various technological tools and...

Bangladesh economy doing well in all areas after Covid shock: Mustafa Kamal

Bangladesh economy doing well in all areas after Covid shock: Mustafa Kamal

-- 2020-09-20 12:03:15

Bangladesh fares better than many other countries in recovering from the economic fallout of the coronavirus pandemic, Finance Minister AHM Mustafa Kamal has said, bdnews24.com reports. And the credi...

Thrust on hi-tech manufacturing ecosystem

Thrust on hi-tech manufacturing ecosystem

FE REPORT 2020-09-20 10:52:19

Tech experts during a webinar on Friday underscored the need for developing a hi-tech manufacturing ecosystem in Bangladesh in a bid to ensure desired economic growth. Enhancing new skills in line wi...

Agrani Bank supports 17,306 corona-hit enterprises, individuals

Agrani Bank supports 17,306 corona-hit enterprises, individuals

FE REPORT 2020-09-20 10:28:46

The state-owned Agrani Bank Ltd has supported 17,308 enterprises and individuals so far under the incentive packages declared by the government to revive the economy amid the Covid-19 pandemic. By th...

ADB favours online return filing by large taxpayers

ADB favours online return filing by large taxpayers

FE REPORT 2020-09-20 09:46:25

The Asian Development Bank (ADB) has recommended the National Board of Revenue (NBR) to strengthen monitoring of the online return filing and make it popular among the large taxpayers. It also sugges...

Canada's wholesale sales hit record high in July

Canada's wholesale sales hit record high in July

-- 2020-09-19 11:02:09

Canadian wholesale sales rose 4.3 per cent to a record high of 65 billion Canadian dollars (about 49 billion US dollars) in July, according to Statistics Canada on Friday. July was the growth of whol...

Govt to pay Tk 2,256.7 billion as loan interest in three fiscals

Govt to pay Tk 2,256.7 billion as loan interest in three fiscals

-- 2020-09-18 17:56:04

The government will pay an estimated Tk 2,256.7 billion as interest on loans in the next three fiscals including the current one. Out of the amount, Tk 638 billion will be paid in 2020-21, Tk 748.9 b...

ADB committed to working with Asia for recovery from COVID-19

ADB committed to working with Asia for recovery from COVID-19

-- 2020-09-18 16:11:45

The Asian Development Bank (ADB) has said it is committed to partnering with developing economies in Asia and the Pacific to achieve their recovery goals from the COVID-19 pandemic. “ADB will c...

IPDC Ogroj recollects Bangladesh's accession to the UN with Muhith

IPDC Ogroj recollects Bangladesh's accession to the UN with Muhith

FE Online Desk 2020-09-18 14:17:00

IPDC Finance Limited, the first private financial institution of Bangladesh established in 1981, conducted the fourth episode of 'OGROJ.' The episode, which was aired live on IPDC's off...

New Japan PM Suga eyes quick gains, not grand visions

New Japan PM Suga eyes quick gains, not grand visions

REUTERS 2020-09-18 11:57:58

Japan’s new prime minister will pursue economic structural reforms through a mixed bag of policies that target specific industries, rather than a grand strategy to reshape society and boost long...

ADB to set up 'regional hub'

ADB to set up 'regional hub'

FE REPORT 2020-09-18 10:39:26

The Asian Development Bank (ADB) will set up a 'regional hub' to facilitate achieving higher tax base in its member countries amid the impact of the Covid-19 pandemic when many of the economies are st...

Mediation most effective tool to resolve commercial disputes

Mediation most effective tool to resolve commercial disputes

FE DESK REPORT 2020-09-18 10:34:36

Experts at a webinar on Thursday stressed the advantages of mediation over arbitration and litigation as a dispute resolution tool, especially in the wake of the Covid-19 pandemic, which has created a...

Int'l Youth Day 2020:  Virtual fest begins

Int'l Youth Day 2020: Virtual fest begins

FE Online Desk 2020-09-17 19:13:05

A virtual 3-day long youth skills development festival called BEYOND 2020 began on Thursday to celebrate International Youth Day 2020. Inspiring Bangladesh, the 1st Bangladeshi Social Network that...

WB chief economist says global economic recovery may take five years

WB chief economist says global economic recovery may take five years

-- 2020-09-17 16:58:19

The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank's chief economist Carmen Reinhart said on Thursday, reports Reuters....

Pandemic threatens human capital gains: WB

Pandemic threatens human capital gains: WB

-- 2020-09-17 12:04:55

The Covid-19 pandemic has threatened hard-won gains in health and education over the past decade, especially in the poorest countries, a new World Bank Group analysis finds. It insists that investmen...

New Zealand plunges into worst recession in years amid Covid pandemic

New Zealand plunges into worst recession in years amid Covid pandemic

-- 2020-09-17 11:01:32

New Zealand is in its deepest recession in decades, following strict measures in response to the Covid-19 pandemic which were widely praised. The country's GDP shrank by 12.2 per cent between April a...

Social safety net programmes: Maximum fund goes to non-poor, study shows

Social safety net programmes: Maximum fund goes to non-poor, study shows

FE REPORT 2020-09-17 09:35:58

As many as 65 per cent of the fund from the government's social safety net programmes (SSNPs) goes to non-poor owing to nepotism, corruption, political consideration and clientelism in selecting benef...

UN tourism body says int'l tourist arrivals drop 65pc

UN tourism body says int'l tourist arrivals drop 65pc

Reuters 2020-09-16 11:19:50

International tourist arrivals plunged 65 per cent in the first half of 2020 compared to last year, data from the World Tourism Organization showed on Tuesday, translating into an estimated $460 billi...

US tariffs on China breach global trade rules, says WTO

US tariffs on China breach global trade rules, says WTO

Reuters 2020-09-16 10:27:58

The World Trade Organization found on Tuesday (local time) that the United States breached global trading rules by imposing multibillion-dollar tariffs in the country's President Donald Trump’s...

Bangladesh to play an essential role in IPS: US

Bangladesh to play an essential role in IPS: US

FE Online Report 2020-09-16 10:13:08

Having a huge market, strong manufacturing base and strategic location, Bangladesh is an important country for US under Indo Pacific Strategy (IPS), said a top US State Department official. “Be...

Kamal elated over ADB's growth projection

Kamal elated over ADB's growth projection

FE REPORT 2020-09-16 09:56:44

Finance Minister AHM Mustafa Kamal expressed satisfaction over the growth projection made by the Asian Development Bank (ADB) for the current fiscal year. "People of the country are working heartily...

BEPZA’s contribution in national export increases

BEPZA’s contribution in national export increases

-- 2020-09-15 17:42:05

The contribution of Bangladesh Export Processing Zones Authority (BEPZA) in national export has increased in the fiscal 2019-20. The operational enterprises of eight EPZs under BEPZA exported goods w...

UK unemployment rises for first time since coronavirus lockdown

UK unemployment rises for first time since coronavirus lockdown

Reuters 2020-09-15 12:39:59

Britain’s unemployment rate rose for the first time since the coronavirus lockdown began in March, official data showed on Tuesday. The unemployment rate increased to 4.1 per cent in the three...

ADB sees Bangladesh recovery despite growth contraction in Asia

ADB sees Bangladesh recovery despite growth contraction in Asia

FE Online Report 2020-09-15 10:23:19

Bangladesh’s economy is expected to grow at a rate of 6.8 per cent in the current fiscal year (FY 2021), the Asian Development Bank (ADB) said on Tuesday. “The growth reflects gradual rec...

Bond sales losing steam

Bond sales losing steam

FHM Humayan Kabir 2020-09-15 09:40:36

Bangladesh's bond market is under-performing as sales of major such debt instruments are on the declining trend, officials said on Monday. The bond sales by banks to the clients fell in fiscal year...

Indonesia Aug trade surplus seen at near $2.2b

Indonesia Aug trade surplus seen at near $2.2b

-- 2020-09-14 14:10:06

Indonesia was seen posting a 2.16 billion US dollar trade surplus in August, slightly smaller than the previous month, with export and import contraction slowing, a Reuters poll showed on Monday. Sou...

Outward FDI from Bangladesh turns negative

Outward FDI from Bangladesh turns negative

FE Online Report 2020-09-13 19:23:23

Outward foreign direct investment (FDI) from Bangladesh to other countries turned negative in the past year, according to the statistics of the country’s central bank. It showed that the net ou...