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The Financial Express
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Search results for: economy

WB sees curbing corruption as more important during pandemic

WB sees curbing corruption as more important during pandemic

BSS 2020-09-24 14:21:28

Progress against corruption can be made even under the most challenging conditions, a new World Bank report finds. At a time when unprecedented levels of emergency funds have been mobilised to respon...

Vietnam exports 850 million masks in eight months

Vietnam exports 850 million masks in eight months

-- 2020-09-24 13:33:36

Vietnamese businesses exported nearly 850 million medical masks in the first eight months of this year, according to the General Department of Vietnam Customs. More than 70 enterprises exported over...

Covid-19 will weigh on some economies for years: IMF official

Covid-19 will weigh on some economies for years: IMF official

Reuters 2020-09-24 10:21:59

The coronavirus crisis is lasting longer than expected and it will take some countries years to return to growth, the No. 2 official at the International Monetary Fund said on Wednesday. The Fund has...

Bangladesh seeks possible date, format from Bhutan

Bangladesh seeks possible date, format from Bhutan

FE REPORT 2020-09-24 10:08:18

Bangladesh has requested Bhutan to provide details, including possible format and date, of signing the proposed preferential trade agreement (PTA) between the two countries. The commerce ministry of...

Abysmal record in ADP execution

Abysmal record in ADP execution

FE REPORT 2020-09-24 09:51:31

The performance of government ministries and agencies in project execution was below the mark in the first two months of the current fiscal compared to the same period last year, officials said on Wed...

Rate cut lowers Q2 fixed deposits

Rate cut lowers Q2 fixed deposits

JASIM UDDIN HAROON 2020-09-24 09:30:29

The volume of fixed deposits with the banking system fell by 2.41 per cent in the second quarter ending in June compared to January-March, dwindled by lower interest rate. The amount of fixed deposit...

ILO says pandemic cuts worldwide income from work by a tenth

ILO says pandemic cuts worldwide income from work by a tenth

-- 2020-09-23 17:25:45

Income earned from work worldwide dropped by an estimated 10.7 per cent, or $3.5 trillion, in the first nine months of 2020, compared to the same period a year ago, the International Labour Organizati...

Bhutan issues first sovereign bond to meet increasing fiscal financing needs

Bhutan issues first sovereign bond to meet increasing fiscal financing needs

FE Online Desk 2020-09-23 15:53:00

The Royal Government of Bhutan has announced its first sovereign bond to support the economic recovery from the Covid-19 pandemic while diversifying financial sources. The new financing instrument su...

US existing home sales jump to 14-year high in Aug

US existing home sales jump to 14-year high in Aug

Xinhua 2020-09-23 13:19:10

US existing home sales in August surged to their highest level in nearly 14 years as historically low mortgage rates continue to boost the housing market, the National Association of Realtors (NAR) re...

Easy money may pose a threat to price stability

Easy money may pose a threat to price stability

FE REPORT 2020-09-23 09:28:09

"Extraordinary easy financing' conditions may pose 'upside risks' in the case of price stability in the upcoming quarters, the Bangladesh Bank (BB) report for the last quarter (Q4) of the immediate pa...

ECNEC approves Tk 2.46b hilsa development project

ECNEC approves Tk 2.46b hilsa development project

-- 2020-09-22 17:28:36

The Executive Committee of the National Economic Council (ECNEC) has approved a project for development and management of hilsa resources involving Tk 2.46 billion. The approval was given at the week...

BEPZA inks $56.33m new investment agreement amid pandemic

BEPZA inks $56.33m new investment agreement amid pandemic

FE ONLINE DESK 2020-09-22 15:11:11

Bangladesh Export Processing Zones Authority (BEPZA) has signed 56.33 million US dollar new investment agreement with seven companies during Coronavirus (Covid-19) pandemic. Among them, five companie...

US govt debt will nearly double by 2050: CBO

US govt debt will nearly double by 2050: CBO

-- 2020-09-22 12:09:46

US federal debt is projected to reach nearly twice the size of the economy in 2050, driven by the massive fiscal response to the COVID-19-induced recession, the Congressional Budget Office (CBO) said...

Minister sees wide wealth gap

Minister sees wide wealth gap

FE REPORT 2020-09-22 09:38:29

Discrepancies in wealth distribution are wide and inherent in Bangladesh, planning minister MA Mannan told a webinar on Monday. "National wealth has increased manifold in recent years which is a ma...

Trade with Nepal, Bhutan: Dhaka seeks to carry goods thru Indian land

Trade with Nepal, Bhutan: Dhaka seeks to carry goods thru Indian land

SYFUL ISLAM 2020-09-22 09:23:21

Bangladesh has lately strengthened its efforts to secure permission to use the Indian territory for the purpose of transporting goods to Nepal and Bhutan by its own vehicles. The signing of a transit...

Minister-MyOne Group hands over 0.1m pieces of Minister surgical masks

Minister-MyOne Group hands over 0.1m pieces of Minister surgical masks

FE Online Desk 2020-09-22 08:50:54

Mr. MA Razzak Khan Raj, Chairman, Minister-MyOne Group, and Director, FBCCI, handed over a cheque and 1 lakh pieces of Minister surgical masks to the Prime Minister's Relief and Welfare Fund recently....

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...