- Friday, 3 July 2020 |
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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...
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 $1...
-- 2020-07-02 16:22:32
Economic activity in the US manufacturing sector rebounded in June, after three months of contraction amid mounting Covid-19 fallout, the Institute for Supply Management (ISM) reported Wednesday. The...
FE Online Report 2020-07-02 09:52:45
The central bank has issued a policy allowing banks to export goods under open account credit terms instead of letters of credit (LCs) with foreign payment guarantees. Under the new policy, exporters...
Doulot Akter Mala 2020-07-02 09:41:31
Businesses and shops may have to face penal action for not displaying VAT registration certificates on their premises from now on. The Value Added Tax implementation wing of the National Board of Rev...
Monira Munni 2020-07-02 09:34:40
The country's readymade garment (RMG) exports declined by 18.84 per cent to US$ 27.70 billion in the just concluded fiscal year (FY 2019-20). The sector had fetched $ 34.13 billion in the FY 2018-19....
-- 2020-07-01 20:45:25
The government will import rice to keep the market stable in case the mill owners refuse to supply the staple at the agreed price, the food minister has warned. The market should never become volatil...
-- 2020-07-01 19:55:55
Deteriorating flood condition in several regions, due mainly to the onrush of water from the upstream of neighbouring India, has been posing threat to targeted production of Aus and Aman crop this yea...
-- 2020-07-01 18:05:04
Gulf Cooperation Council (GCC) countries will see their economies shrink by 7.6 per cent this year, an International Monetary Fund official said on Tuesday, revising downwards April forecasts of nearl...
-- 2020-07-01 16:32:08
The coronavirus pandemic could wipe out "the modest progress" made on gender equality at work in recent decades with women globally at greater risk of losing their jobs, the International Labour Organ...
-- 2020-07-01 16:15:52
The New York City Council voted to pass the 2021 budget on Tuesday night with cuts to police funding after weeks of fraught negotiations with Mayor Bill de Blasio, but some lawmakers complained it fel...
-- 2020-07-01 13:25:50
The consumer price index in June logged the lowest level since May 2000 as the novel coronavirus pandemic stretched deep the country's economy and depressed demands. The National Agency of Statistics...
REUTERS 2020-07-01 11:19:46
India’s current account turned positive in the last quarter of the 2019/20 fiscal year as a result of a lower trade deficit and a sharp rise in net invisible receipts, the Reserve Bank of India...
SIDDIQUE ISLAM 2020-07-01 09:36:25
Top executives of the non-bank financial institutions (NBFIs) have sought Tk 100-billion emergency support from the central bank to meet liquidity requirements amid the COVID-19 pandemic. The support...
JASIM UDDIN HAROON & SAIF UDDIN 2020-07-01 09:27:13
Hope ran high on easing restrictions on movement and economic activities, but one month on people from all walks of life are laregely disappointed by the outcome. The poor, in particular, are still st...
-- 2020-06-30 20:41:50
The National Board of Revenue (NBR) has withdrawn its directive to make Value Added Tax (VAT) information mandatory for approving bank loan proposals. The NBR took the decision so that taxpayers do n...
-- 2020-06-30 17:38:57
British High Commissioner to Bangladesh Robert Chatterton Dickson has said foreign direct investment, including from the UK, would be very important for helping both Bangladesh and the UK economies re...
-- 2020-06-30 16:22:24
The Bank of Greece (BoG) expects the country's economy to shrink by 5.8 per cent this year in its baseline scenario, but risks related to the coronavirus pandemic could bring the economic contraction...
Reuters 2020-06-30 13:51:07
Britain’s economy shrank by the most since 1979 in early 2020 as households slashed their spending, according to official data that included the first few days of the coronavirus lockdown. Gros...
-- 2020-06-29 18:50:26
The Finance Bill for fiscal year 2020-21 has reduced the lock-in period for investments of undisclosed income in stocks to 1 year from proposed 3 years in a bid to boost the fund flow into the flaggin...
-- 2020-06-29 16:18:02
Vietnam's gross domestic product (GDP) grew 1.81 per cent in the first half of this year, the lowest six-month growth rate in the 2011-2020 period, the General Statistics Office said on Monday. Betwe...
REUTERS 2020-06-29 10:30:18
Coronavirus has done to Australia what even the global financial crisis couldn’t: abruptly end a record growth run and help trigger a deep recession from which the country will take time to reco...
MONIRA MUNNI 2020-06-29 09:35:29
The Export Promotion Bureau (EPB) has proposed setting a $37.44-billion export target for fiscal year (FY) 2020-21, predicting 13-per cent growth, officials said. The EPB has also projected an additi...
Doulot Akter Mala 2020-06-29 09:29:19
A vested quarter is allegedly legalising their black money by taking advantage of the tax benefit meant for the fish farmers. Fish farmers have alleged that despite having no such business, some peop...
MIR MOSTAFIZUR RAHAMAN 2020-06-29 09:19:18
Bangladesh now wants Chinese funds for nine new projects worth US$ 6.4 billion. The Economic Relations Division has recently sent a letter to the Chinese government seeking investment fund for these...
FE Report 2020-06-28 10:18:07
Business Initiative Leading Development (BUILD) has demanded reducing corporate tax for all the export-oriented sectors in the upcoming fiscal year (FY). It urged the government to consider the leath...
REUTERS 2020-06-27 14:08:18
International Monetary Fund Managing Director Kristalina Georgieva said on Friday that the global economic crisis spurred by the coronavirus could ultimately test the Fund’s $1.0 trillion in tot...
-- 2020-06-27 12:54:34
Malaysian Prime Minister Muhyiddin Yassin has called on fellow countries of the Association of Southeast Asian Nations (ASEAN) for "travel bubbles" to counter the economic slump caused by Covid-19. I...
DOULOT AKTER MALA 2020-06-27 10:02:22
Two major fiscal measures regarding Value Added Tax or VAT may be revised in the Finance Bill, after widespread criticism. The measures include input credit on the basis of consumption and depositing...
FE REPORT 2020-06-27 09:39:48
The government liabilities are expected to jump by 56 per cent at the end of June 2021, according to the annual financial statement. The document shows that total liabilities will stand at Tk. 3.36 t...
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