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The Financial Express

Search results for: economy

Tourism sector may face Tk 60.00b loss this year

-- April 07, 2020 17:34:14

Tourism sector of Bangladesh might face a loss of Tk 60.00 billion from January to December this year due to coronavirus outbreak as the sector has been affected most by the pandemic. The Tour Operat...

‘Open MFS accounts for industry workers by April 20’

-- April 07, 2020 17:04:58

Bangladesh Bank (BB) has issued an instruction on opening mobile financial service (MFS) accounts for all workers and employees of export-oriented industries and factories by April 20.  “T...

BB increases Export Development Fund to $5.0b

-- April 07, 2020 16:22:59

Bangladesh Bank has raised the Export Development Fund (EDF) to $5.0 billion in line with the government's efforts to limit the economic impacts of the coronavirus crisis. Exporters will now be able...

SANEM welcomes govt’s financial package to address coronavirus crisis

FE ONLINE DESK April 07, 2020 16:08:08

South Asian Network on Economic Modeling (SANEM) has welcomed the government's financial package to address the crisis caused by the coronavirus. “As we have suggested for the two-year economy...

Italy announces €400b stimulus plan

-- April 07, 2020 11:40:07

Italy’s government has approved new emergency decree that will offer more than 400 billion euros (352 billion pounds) worth of liquidity and bank loans to companies hit by the coronavirus cris...

Unbanked firms stand to miss out

FHM Humayan Kabir April 07, 2020 08:09:52

Often bypassed by banks, the informal sector is unlikely to get much benefit from the government's Tk 727.50 billion stimulus package, fear economists. They hailed the Prime Minister for unveiling...

Vivo extends warranty of its smartphones till May 31

FE Online Desk April 06, 2020 21:30:32

Vivo announced that it will be extending the warranty of its smartphones till May 31. This extension applies to whose warranty was expired on March 25. In the wake of the current Coronavirus outbreak...

StanChart announces global measures to fight Covid-19

FE Online Desk April 06, 2020 18:48:47

  Standard Chartered (the Group) has recently announced a set of global measures to serve the present and long-term needs of its clients, communities and employees in the face of the COVID-19 pa...

State-owned banks donate Tk 50m to PM Fund

FE Online Desk April 06, 2020 17:34:38

State-owned Sonali Bank Limited, Janata Bank Limited, Agrani Bank and Rupali Bank Limited jointly donated Taka 50 million to the Prime Minister's Relief and Welfare fund to help fight deadly coronavir...

CPD projects Tk 1.0tn revenue shortfall

FE REPORT April 06, 2020 09:43:47

The Centre for Policy Dialogue (CPD) predicts a Tk 1.0-trillion revenue collection shortfall this fiscal considering the impact of COVID-19 on the economy. It also apprehends adverse implications for...

Kamal sees 8.0pc GDP growth unless outbreak lingers

FE Report April 06, 2020 09:30:11

Finance Minister A H M Mustafa Kamal has said COVID-19 outbreak is slowing down economic activities, but the country will see nearly 8.0 per cent gross domestic product (GDP) growth in the current fis...

Financing recovery plan: Economists say banks' liquidity poses challenge

JASIM UDDIN HAROON April 06, 2020 08:25:48

Banks' liquidity shortage will make it exceedingly challenging for the government to bankroll the stimulus package of Tk 727.50 billion, economists say. In a televised news conference, Prime Minister...

Factories in all EPZs to remain shut until Apr 14

-- April 05, 2020 22:37:22

All factories in the country’s eight export processing zones (EPZs) under Bangladesh Export Processing Zones Authority (BEPZA) will remain shut until April 14 from Monday to prevent the spread o...

Localisation of SDGs to counteract Covid-19 fallout

Shamsul Alam   April 05, 2020 21:19:11

It is not possible to achieve sustainable development goals (SDGs) solely at the call of the governments or world leaders at the United Natios (UN), even with only national-level programmes. These m...

Economists outline some challenges of stimulus package

Jasim Uddin Haroon April 05, 2020 19:41:19

Leading economists of the country have identified several challenges in implementing the stimulus packages of Tk 727.50 billion, announced by the Prime Minister. Prime Minister Sheikh Hasina announc...

PM’s stimulus package to save economy, livelihood: FBCCI

FE Online Desk April 05, 2020 18:29:47

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Sunday welcomed the stimulus package of Tk 72,750 crore, declared by Prime Minister Sheikh Hasina to help mitigate the impact...

BSCIC industry owners seek special consideration

FE Online Desk April 05, 2020 18:21:02

BSCIC Industry Owners’ Association has sought special package to save the sector from the wrath of the present economic woes, created due to Covid-19 pandemic. "At present, 76 BSCIC industria...

Exim Bank donates Tk 50m to PM Fund

FE Online Desk April 05, 2020 18:02:33

EXIM Bank donated Tk 50 million to the Prime Minister’s Relief and Welfare Fund for providing Personal Protective Equipments (PPE)/Testing Kits/Respiratory Equipments and helping the needy and p...

Al-Arafah donates Tk 50m to PM Fund

FE Online Desk April 05, 2020 17:57:43

Al-Arafah Islami Bank Limited has donated Tk 50 million to the Prime Minister’s Relief and Welfare Fund to help the government fight the spreading of corona virus. Bangladesh Association of Bank...

COVID 19: SANEM proposes 2Y recovery plan for BD

-- April 05, 2020 13:01:53

Executive Director of South Asian Network on Economic Modeling (SANEM) Dr Selim Raihan has proposed a two-year recovery plan for Bangladesh instead of the 8th Five Year Plan now. He chalked out eight...

IDLC donates essential food items among 30,000 daily wage earners

FE Online Desk April 04, 2020 18:23:06

 IDLC Finance Limited has taken an initiative to donate essential food items for low income people & daily wage-earners living in different parts of the country from April 4. In this initiat...

Meghna Bank staff to donate one-day salary

FE Online Desk April 04, 2020 17:07:34

The staff of Meghna Bank Limited has come forward to stand by the people affected by the corona virus situation, who are out of the social safety-net. The staff of the bank has decided to donate one-...

No penalty on credit card dues until June: BB

-- April 04, 2020 15:28:39

The Bangladesh Bank has ordered banks to waive penal charges for credit card customers until June for any late payment amid the ongoing lockdown due to a coronavirus outbreak. The central bank announ...

World Bank sees 'major global recession' due to pandemic

REUTERS April 04, 2020 11:10:23

World Bank Group president David Malpass on Friday said the rapidly spreading COVID-19 pandemic was expected to cause a “major global recession” that would likely hit the poorest and most...

Pandemic pushes down remittance inflow

FE REPORT April 04, 2020 09:36:42

The flow of inward remittance dropped by nearly 12 per cent in March following coronavirus outbreak in different parts of the world, officials said. Remittances from Bangladeshi nationals working abr...

Battling COVID-19: WB could fast-track $100m loan release

FHM Humayan Kabir April 04, 2020 08:25:52

The World Bank is likely to confirm US$100 million loan disbursement for Bangladesh within a couple of days to help the country tackle the deadly coronavirus outbreak, a senior official said. "We've...

Coronavirus may halve GDP growth in developing Asia: ADB

-- April 03, 2020 21:49:30

Developing Asia’s already slowing economic growth is set to weaken even more sharply this year, hit by the fallout from the coronavirus pandemic before it bounces back strongly next year, the As...

With over a million coronavirus cases, economic freefall looms

Reuters April 03, 2020 20:38:58

Global cases of the new coronavirus have shot past 1 million with more than 53,000 fatalities, a Reuters tally showed on Friday, as death tolls soared in the United States and western Europe while the...

MSMEs need emergency fund at lower interest rate: DCCI to govt

FE Online Report April 03, 2020 19:54:53

Dhaka Chamber of Commerce & Industry (DCCI) on Friday urged the government to create emergency fund for micro, small & medium enterprises (MSMEs) amid coronavirus outbreak at a lower interest...

Al-Arafah to donate 1-day salary of staff

FE Online Desk April 03, 2020 19:14:43

All employees of Al-Arafah Islami Bank Limited have decided to donate one day’s salary to the Prime Minister’s Relief and Welfare Fund to help the government fight the present crisis, crea...