Loading...
The Financial Express

Search results for: economy

Foreign fund inflow hit hard by coronavirus pandemic

-- March 29, 2020 10:56:13

The coronavirus pandemic has hit hard the flow of aid from foreign donors who cleared 14 per cent less money in the eight months to February than the same period last fiscal year. The amount they ple...

TIB recommends special fund equivalent to 10pc of GDP

-- March 28, 2020 21:44:43

The Transparency International Bangladesh (TIB) on Saturday called for setting up a special fund equivalent to at least 10 per cent of GDP to manage and steer the recovery process from socioeconomic s...

Govt sits on Monday to determine virus impact on economy

TALHA BIN HABIB March 28, 2020 16:01:27

The government will hold an urgent meeting on Monday to determine the possible losses to the econnomy over coronavirus outbreak.  It will also prepare a strategy to offset the economic losses ca...

45 Bangladesh missions miss export targets

FE REPORT March 28, 2020 10:26:33

Some 45 Bangladesh missions abroad have failed to achieve their respective export targets for the July-February period of this fiscal, according to the Export Promotion Bureau. The remaining 12 missi...

Economists suggest govt bring blue-collar workers under social safety-net

FHM HUMAYAN KABIR March 28, 2020 10:17:19

The government needs to expand the current social safety-net programme aiming to cover more lower-income people, already hit by Covid-19 pandemic, economists say. They said since there was a possibil...

World has entered recession: IMF

-- March 28, 2020 01:05:34

International Monetary Fund Managing Director Kristalina Georgieva in Washington, DC on Friday said "it is clear" that world has "entered a recession as bad or worse" than the global financial cr...

India cuts repo rate to decade-low 4.4pc

-- March 27, 2020 17:58:03

India’s central bank has slashed its key interest rate by a sizable 75 basis points to 4.4 per cent from 5.15 per cent to ease financing troubles caused by the coronavirus outbreak and help revi...

As virus hits BD economy, experts urge “prudent” recovery plan

-- March 27, 2020 16:04:05

As coronavirus has started taking its toll on the Bangladesh economy alongside the public health, economists think the government needs to immediately work out a well-thought-out recovery plan and act...

Bruised Indian economy to be battered further by coronavirus: Poll

REUTERS March 27, 2020 12:52:46

India’s already-slowing economy weakened to at least an eight-year low this quarter and will slow even more sharply in the next six months due to the global coronavirus pandemic, a Reuters poll...

US Q4 GDP unrevised at 2.1pc in final estimate

-- March 27, 2020 12:26:06

US gross domestic product (GDP) increased at an annual rate of 2.1 per cent in the fourth quarter (Q4) in the third or final estimate, unrevised from previous estimates, the US Commerce Department rep...

G20 to inject $5t into global economy in virus fight

REUTERS March 27, 2020 09:41:20

Leaders of the Group of 20 major economies pledged on Thursday to inject over $5.0 trillion into the global economy to limit job and income losses from the coronavirus and “do whatever it takes...

Coronavirus crisis could destroy far more than 25m jobs: ILO

-- March 26, 2020 22:04:14

The number of jobs lost around the world due to the coronavirus crisis could be "far higher" than the 25 million the International Labour Organization (ILO) estimated just a week ago, a senior ILO off...

Saudi King seeks coordinated action over coronavirus outbreak

-- March 26, 2020 20:47:22

Saudi Arabia’s King Salman bin Abdulaziz has urged the G20 leaders to boost funding for a coronavirus vaccine, resume the normal flow of goods and services as soon as possible, and help developi...

US weekly jobless claims surge to record 3.28 million

-- March 26, 2020 19:48:10

The number of Americans filing claims for unemployment benefits surged to a record of more than 3 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudde...

Singapore signals deep recession for world as virus batters economy

REUTERS March 26, 2020 12:51:19

Singapore said on Thursday it was planning for a deep recession due to the coronavirus pandemic as its economy suffered the worst contraction in a decade in the first quarter, reinforcing fears global...

Riding out virus storm: Dhaka turns to multilateral lenders

FE REPORT March 26, 2020 09:39:13

Finance minister AHM Mustafa Kamal on Wednesday urged four major multilateral donors to extend budgetary support to help the country's economy tide over the pandemic impact. He also asked for emergen...

Pandemic slows private sector credit growth further in Feb

Siddique Islam March 26, 2020 09:25:18

Private sector credit growth declined further in the month of February last in view of lower demand for the same. Bankers have attributed the slackening of demand for credit by the private sector mai...

UK inflation falls off six-month high

-- March 25, 2020 15:00:15

British consumer price inflation slipped back in February from a six-month high it had reached the month before, reflecting a drop in the cost of fuel and video games that predated the massive current...

Loan classification policy to remain unchanged until June 30

-- March 24, 2020 20:52:16

The Bangladesh Bank has asked the scheduled banks to keep unchanged the classification status of loan, lease or advance until June 30 to facilitate business activities amid the coronavirus outbreak....

Global economy to contract 1.5pc in 2020 amid outbreak: IIF

-- March 24, 2020 11:25:03

The global economy is expected to contract 1.5 per cent in 2020 amid the ongoing COVID-19 outbreak, according to the forecast released by the Institute of International Finance (IIF) on Monday. The I...

BB relaxes rules to aid industrial import

FE Report March 24, 2020 10:44:58

The central bank has relaxed its regulations, allowing the banks to extend usance period in import of industrial raw materials by their clients up to maximum one year instead of the existing six month...

FICCI reiterates call to slash corporate tax

FE REPORT March 24, 2020 10:38:37

The Foreign Investors' Chamber of Commerce and Industry (FICCI) has proposed bringing changes to the fiscal measures on a 'prospective' basis and reducing corporate taxes by 5.0 to 10 per cent for...

Virus vexes nearly $2.0b apparel export orders

FE REPORT March 24, 2020 09:25:18

Amid the outbreak of COVID-19, the BGMEA has requested the German government to encourage buyers in Germany to receive the apparel items already produced in Bangladesh and allow the suppliers to conti...

Autonomous bodies return Tk 55b to public exchequer

FE REPORT March 24, 2020 09:18:20

Autonomous and semi-autonomous bodies have started returning surplus funds to the public exchequer in line with the government's order, officials say. After the passage of a law in parliament, the go...

BB reduces repo rate to 5.75pc

-- March 23, 2020 21:15:02

Bangladesh Bank has decided to cut repo rate to 5.75 per cent from 6 per cent as part of efforts to boost liquidity amid a coronavirus pandemic. According to bdnews24.com, the central bank announced...

FBCCI lauds Bangladesh Bank’s liquidity measures

-- March 23, 2020 20:55:06

FBCCI President Sheikh Fazle Fahim on Monday described the central bank’s decision to buy Treasury bills and bonds from banks and non-bank financial institutions (NBFIs) as a landmark step to ha...

COVID-19 threatens Bangladesh economy: ICCB 

FE ONLINE REPORT March 23, 2020 15:46:01

The World Health Organization (WHO) officially declared the coronavirus (COVID-19) outbreak a global pandemic on March 11 this year, which has now spread to 170 countries and territories and infected...

COVID-19: BB allows $0.5m advance payment to import medical goods

-- March 23, 2020 15:13:44

Bangladesh Bank (BB) has taken a decision to allow advance payment up to US$ 500,000 or equivalent other foreign currency in importing coronavirus-related lifesaving drugs, medical kits or equipment a...

Budget deficit could swell beyond original estimate

JASIM UDDIN HAROON March 23, 2020 09:44:01

Budget deficit that stood at Tk402 billion in the first six months to December would widen further in the aftermath of pandemic, economists fear. They say revenue mobilisation will fall significantly...

Virus fallout: Economy braces for soft landing, says BB

FE REPORT March 23, 2020 09:24:04

The disruption in global supply chain caused by the pandemic will dampen the country's economic growth prospect by the end of this fiscal year, predicts the central bank. "Looking ahead, domestic eco...