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The Financial Express

Search results for: economy

Japan not keen on joint FTA study

Japan not keen on joint FTA study

MUNIMA SULTANA AND SYFUL ISLAM 2021-04-13 13:13:52

Japan has shown its reluctance to take forward a proposal by Bangladesh for conducting a joint feasibility study on the possibility to sign a free trade agreement (FTA) between the two countries. The...

Bangladesh's poverty rate rises to 30pc amid pandemic

Bangladesh's poverty rate rises to 30pc amid pandemic

FE Report 2021-04-13 11:18:11

As the country is set to embrace a 'hard' lockdown from tomorrow (Wednesday), the World Bank (WB) on Monday released the Bangladesh Development Update (BDU) highlighting the impact of the Covid-19 on...

Bangladesh recovery beckons: WB

Bangladesh recovery beckons: WB

FE ONLINE DESK 2021-04-12 12:50:22

Bangladesh’s economy is showing nascent signs of recovery backed by a rebound in exports, strong remittance inflows, and the ongoing vaccination programme. This has been reflected in a new Worl...

US economy at an 'inflection point': Powell

US economy at an 'inflection point': Powell

-- 2021-04-12 11:43:47

The US economy is at an “inflection point” with expectations that growth and hiring will pick up speed in the months ahead, but also risks if a hasty reopening leads to a continued increas...

Economists suggest increasing budgetary spending so that money flows into people's pockets

Economists suggest increasing budgetary spending so that money flows into people's pockets

FE REPORT 2021-04-12 08:12:42

Country's leading economists on Sunday suggested the government pursue an expansionary fiscal policy and increase its spending to help money flow into the people's hands. They also recommended wideni...

Finance Minister Kamal upbeat about 7.4pc growth target

Finance Minister Kamal upbeat about 7.4pc growth target

FHM Humayan Kabir 2021-04-11 12:50:30

1. We are observing that the Bangladesh economy is showing 'signs of recovery' even after COVID-19 pandemic. Do you think that the economy will fully rebound within this FY2021 as the govt. targets...

Adviser Mashiur Rahman backs business-friendly tax regime

Adviser Mashiur Rahman backs business-friendly tax regime

FE REPORT 2021-04-11 10:28:23

Prime Minister's Economic Affairs Adviser Dr Mashiur Rahman on Saturday stressed the need for a business-friendly tax regime that would not change frequently and hinder the business growth. "Frequent...

Finance minister wary of external shocks amid Covid-19

Finance minister wary of external shocks amid Covid-19

FHM Humayan Kabir 2021-04-11 08:37:34

Finance Minister AHM Mustafa Kamal has identified "external shocks and the possibility of slower global economic recovery" as the main challenges to Bangladesh's economic rebound amid the Covid-9 pa...

Stakeholders for economic recovery guideline in budget for FY22

Stakeholders for economic recovery guideline in budget for FY22

FE ONLINE REPORT 2021-04-10 20:18:31

Stakeholders and experts at a pre-budget discussion on Saturday called for a specific guideline in the next budget for economic recovery as the second wave is going on and it may have a huge implicati...

Official assistance offsets Covid food insecurity: Study

Official assistance offsets Covid food insecurity: Study

FE REPORT 2021-04-10 12:54:46

The government's support strengthened the food security of rural households in 2021, following the Covid-induced lockdown during April-May last year, according to a study. However, the overall food...

Government’s bank borrowings during July-March period drop

Government’s bank borrowings during July-March period drop

Reuters 2021-04-10 09:17:55

The government's borrowing from the country's banking system dropped significantly in the first nine months of this fiscal year (FY), 2020-21, with an increasing reliance on the National Savings Depar...

Solar home system scheme benefits Bangladesh $1.7b

Solar home system scheme benefits Bangladesh $1.7b

FE Report 2021-04-09 17:22:09

Bangladesh's net benefit for using the solar home system (SHS) was estimated at US$1.7 billion at constant 2018 US dollar price, said a World Bank (WB) report. It said the net financial gain of Bangl...

IMF, WB to unveil 'green debt swaps' option by November

IMF, WB to unveil 'green debt swaps' option by November

-- 2021-04-09 14:18:57

Green debt swaps have the potential to spur accelerated action on climate change in developing countries, the head of the International Monetary Fund said on Thursday, pledging to present an option fo...

Top business leaders press for more Covid aid

Top business leaders press for more Covid aid

FE REPORT 2021-04-09 14:02:21

The country's top business leaders have sought extension of the tenure and expansion of the coverage of incentive packages to offset Covid-19's impacts on the economy. Last year, the government annou...

Global economy recovering from pandemic: IMF steering committee

Global economy recovering from pandemic: IMF steering committee

Reuters 2021-04-09 10:22:54

International Monetary Fund’s steering committee on Thursday said the global economy is recovering faster than expected from the Covid-19 crisis, but warned that a spike in interest rates could...

Myanmar crisis sounds death knell for garment industry, jobs, hope

Myanmar crisis sounds death knell for garment industry, jobs, hope

REUTERS 2021-04-08 19:46:01

Two years after opening his garment factory in Myanmar, Li Dongliang is on the verge of closing down and laying off his 800 remaining workers. Business had been struggling because of the COVID-19 pan...

IMF worried about middle-income countries with weaker fundamentals

IMF worried about middle-income countries with weaker fundamentals

Reuters 2021-04-08 09:47:32

The head of the International Monetary Fund on Wednesday said she would discuss with IMF members whether they back offering low- and no-interest financing to middle-income countries hit hard by the pa...

Bangladesh emphasises exploring all avenues for post Covid economic recovery, says foreign minister

Bangladesh emphasises exploring all avenues for post Covid economic recovery, says foreign minister

FE ONLINE REPORT 2021-04-07 20:09:45

In order to minimise the worsening effects of Covid-19 on the world economy, Bangladesh stresses the need for exploring all avenues for economic recovery through collaboration among the D-8 member sta...

Trade deficit crosses $11b level in eight months

Trade deficit crosses $11b level in eight months

FE Online Report 2021-04-07 19:43:41

Bangladesh’s merchandise trade gap with the rest of the world registered around 9.90 per cent growth in the first eight months of the current fiscal year (FY21) over the same period of FY20. Ba...

IMF scales up projection for Bangladesh's GDP growth to 5pc

IMF scales up projection for Bangladesh's GDP growth to 5pc

-- 2021-04-07 16:52:54

The International Monetary Fund (IMF) has scaled up its projection for Bangladesh's GDP growth to 5 per cent in 2021, from its previous forecast of 4.4 per cent in October last year, amid concerns ove...

Net zero transition topped agenda in G7 talks

Net zero transition topped agenda in G7 talks

Reuters 2021-04-07 12:16:37

Top economic policymakers from the Group of Seven (G7) industrialised countries talked on Tuesday about how they will reform their economies to achieve their net zero emissions targets, this year&rsqu...

US job openings jump to two-year high

US job openings jump to two-year high

Reuters 2021-04-07 09:55:49

US job openings rose to a two-year high in February while hiring picked up as strengthening domestic demand amid increased Covid-19 vaccinations and additional pandemic aid from the government boost c...

Finance minister Kamal seeks $500m WB budgetary support

Finance minister Kamal seeks $500m WB budgetary support

-- 2021-04-07 08:45:45

Finance Minister AHM Mustafa Kamal has sought US$500 million as budgetary support from the World Bank to face the impacts of Covid-19 pandemic. The minister made the call on Monday night at a virtual...

Exports rise 12.59pc in March

Exports rise 12.59pc in March

FE REPORT 2021-04-07 08:35:08

The country's export earnings in March 2021 posted a 12.59 per cent growth to US$3.07 billion over that of the corresponding month of 2020, when Bangladesh fetched $2.73 billion in March last year. T...

Customs bond authorities fear abuse by BIN-locked firms

Customs bond authorities fear abuse by BIN-locked firms

DOULOT AKTER MALA 2021-04-07 08:18:11

The customs bond authority has suspended some 700 bond licences of export-oriented units in recent times. The suspension was put into effect after detecting irregularities of various types, one being...

IMF upgrades global growth forecast to 6.0pc in 2021

IMF upgrades global growth forecast to 6.0pc in 2021

XINHUA 2021-04-06 22:48:26

The International Monetary Fund (IMF) on Tuesday projected that the global economy will grow by 6.0 per cent in 2021, 0.5 percentage point above the January forecast, according to the latest World Eco...

G20 leaders to discuss on policies to prevent virus-battered economies

G20 leaders to discuss on policies to prevent virus-battered economies

-- 2021-04-06 16:39:37

The world’s financial leaders will discuss on Wednesday how to coordinate policies to prevent their virus-battered economies emerging from recession at highly different speeds, officials said ah...

Covid surge in Bangladesh clouds quarter-4 revenue collection

Covid surge in Bangladesh clouds quarter-4 revenue collection

DOULOT AKTER MALA 2021-04-06 08:12:00

The government's tax revenue collection efforts, economists have feared, might face a setback in the final quarter (April-June) of the current fiscal year (FY) because of the latest lockdown. The gov...

Banks, financial institutions asked to prepare business continuity plan to face any crisis

Banks, financial institutions asked to prepare business continuity plan to face any crisis

FE REPORT 2021-04-05 10:15:12

Banks and other financial institutions (FIs) have been asked to prepare a business continuity plan (BCP) to deal with any crisis in the coming days. BCP is defined as the capability of an organisatio...

Dhaka receives big budgetary supports from overseas aid in Jul-Feb

Dhaka receives big budgetary supports from overseas aid in Jul-Feb

FHM HUMAYAN KABIR 2021-04-05 08:53:32

The country received 6.62 per cent higher foreign assistance in the first eight months of the current fiscal year (FY2020-21) as compared to the corresponding period of the previous FY, officials sa...