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The Financial Express

Search results for: economy

20-day Bangladesh-Japan B2B meet begins virtually

20-day Bangladesh-Japan B2B meet begins virtually

FE REPORT 2022-02-25 10:07:52

Private-sector companies of Bangladesh and Japan started interacting in a three-week business meet for creating scopes of matchmaking between parties of the two countries. The 20-day business to bu...

Russia-Ukraine conflict raises threats for global economy

Russia-Ukraine conflict raises threats for global economy

-- 2022-02-24 20:45:35

Just what a vulnerable world economy didn’t need— a conflict that accelerates inflation, rattles markets and portends trouble for everyone from European consumers to indebted Chinese devel...

Tipu Munshi stresses signing FTA with Malaysia

Tipu Munshi stresses signing FTA with Malaysia

-- 2022-02-24 20:04:23

Commerce Minister Tipu Munshi has stressed the need for signing a Free Trade Agreement (FTA) with Malaysia in order to boost the trade, commerce, and investment of the two countries. "Bangladesh has...

Accurate data essential for budget implementation, says CPD

Accurate data essential for budget implementation, says CPD

-- 2022-02-24 19:08:08

Speakers at a dialogue on Thursday said that the timely disclosure of accurate fiscal data is essential for improving the implementation of the national budget and attainment of the national developme...

Bangladesh government advised to cut taxes to tame soaring prices

Bangladesh government advised to cut taxes to tame soaring prices

FE REPORT 2022-02-24 08:04:14

Lower taxes on essential commodities for both import and domestic levels to contain the wayward inflation, economists suggest the government as prices spike. While presenting their budget proposals...

BIDA introduces eight more services to online OSS centre

BIDA introduces eight more services to online OSS centre

-- 2022-02-23 20:24:18

Bangladesh Investment Development Authority (BIDA) has included eight more services of four organisations with its online One Stop Service (OSS) centre to ensure ease and swift services for the invest...

Tipu for target of $5b ICT exports by 2025

Tipu for target of $5b ICT exports by 2025

-- 2022-02-23 17:50:22

Commerce Minister Tipu Munshi has underscored the need for attaining the target of 5.0 billion US dollar exports from the Information and Communication Technology (ICT) sector by 2025. "By 2025, ICT...

European Union moves to boost business with Bangladesh

European Union moves to boost business with Bangladesh

SYFUL ISLAM 2022-02-23 08:32:17

The European Union moves to launch a new initiative with Bangladesh to synchronise the latter's public-and private-sector interests for tapping growing business potential unhindered. Officials say...

Less spending yields Bangladesh budget surplus in 1st half

Less spending yields Bangladesh budget surplus in 1st half

JASIM UDDIN HAROON 2022-02-23 08:23:13

Bangladesh sees budget surplus in the first half of the current fiscal year as the government spent less than its tax and other revenue receipts, officials say. The surplus in December reached Tk 1...

KB Petrochemicals to invest $10.39m in BEPZA Economic Zone

KB Petrochemicals to invest $10.39m in BEPZA Economic Zone

-- 2022-02-22 19:30:31

KB Petrochemicals Limited, a Kuwait-Bangladesh joint venture company, will invest 10.39 million US dollars to establish a Lubricating Oil Blending Plant in BEPZA Economic Zone. Bangladesh Export Pr...

Planning minister says PM wants to cut subsidy in power sector

Planning minister says PM wants to cut subsidy in power sector

-- 2022-02-22 17:44:45

Planning Minister MA Mannan has said Prime Minister Sheikh Hasina emphasised the need for gradually coming out from the subsidy system in the power and energy sector. The prime minister suggested thi...

Sri Lanka to promote batik, handloom products in global markets

Sri Lanka to promote batik, handloom products in global markets

-- 2022-02-21 20:38:48

The Sri Lankan government is to kick off a programme to promote the country's popular batik and handloom products to global markets in order to reboot local handloom industry. A senior official from...

South Korea keen to invest in various sectors in Bangladesh

South Korea keen to invest in various sectors in Bangladesh

FE REPORT 2022-02-21 14:03:05

Ambassador of the Republic of Korea Lee Hang-Keun has expressed his country's interests in investing in other industrial sectors here apart from the readymade garment (RMG) for mutual benefits of bo...

Bangladesh team to visit Egypt in March for talks on PTA

Bangladesh team to visit Egypt in March for talks on PTA

FE REPORT 2022-02-21 13:46:23

A high-profile official delegation is scheduled to visit Egypt early next month (March) to hold talks on signing a bilateral Preferential Trade Agreement (PTA), officials said. Led by State Ministe...

Bangladesh asks Australia to name state agency for trade transaction

Bangladesh asks Australia to name state agency for trade transaction

FE REPORT 2022-02-21 12:14:23

Bangladesh has requested Australia to designate a state agency to deal with government-to-government trade as boosting commercial cooperation between the two countries is planned, officials say. Th...

Focussing only on renewables a mistake: Saudi energy minister

Focussing only on renewables a mistake: Saudi energy minister

-- 2022-02-21 08:32:28

The Saudi energy minister said on Sunday that focusing only on renewable power sources was a mistake and that the world may not be able to produce all the energy needed for economic recovery from the...

Cabinet approves draft law for protection of deposits at financial institutions

Cabinet approves draft law for protection of deposits at financial institutions

-- 2022-02-20 23:55:13

The government of Bangladesh has approved a revised draft of a law with an aim to protect deposits of non-bank financial institutions (NBFIs). As per the draft law, the NBFIs will have to provide cli...

World Bank readies $350m Ukraine disbursement, pledges more

World Bank readies $350m Ukraine disbursement, pledges more

-- 2022-02-20 10:23:43

The World Bank Group on Saturday said it is readying a $350 million disbursement to Ukraine that the group's board will consider by the end of March as part of a plan for short- and long-term financin...

How a Russia-Ukraine conflict could hit global markets

How a Russia-Ukraine conflict could hit global markets

-- 2022-02-20 10:22:44

A potential invasion of Ukraine by neighbouring Russia would be felt across a number of markets, from wheat and energy prices and the region's sovereign dollar bonds to safe-haven assets and stock mar...

Call for bringing discipline to financial sector reiterated

Call for bringing discipline to financial sector reiterated

FE REPORT 2022-02-20 08:42:31

Bangladesh's graduation from the least-developed country (LDC) status may not sustain without bringing discipline in the financial sector, opines Centre for Policy Dialogue Distinguished Fellow Dr Deb...

Compensating agro-businesses, arresting inflation key to recovery: DCCI economic outlook

Compensating agro-businesses, arresting inflation key to recovery: DCCI economic outlook

FE ONLINE REPORT   2022-02-19 19:04:15

The Bangladesh economy is yet to make a full recovery from the Covid-19 effects but inflation and supply chain constraints have already arisen as new challenges, business leaders and analysts told a...

Overseas employment raises aspiring migrants' confidence

Overseas employment raises aspiring migrants' confidence

ARAFAT ARA 2022-02-19 09:24:13

A steady rebound in Bangladesh's overseas labour employment raises hope for the jobs figures to shoot over the one-million mark at the yearend, enhancing economy-boosting remittance. More than 100,...

World Bank bets $750m on BBIN regional corridor

World Bank bets $750m on BBIN regional corridor

FHM HUMAYAN KABIR 2022-02-19 08:49:15

It comes as a significant fresh push for regional connectivity as the World Bank bets US$750 million on salvaging the struggling BBIN corridor meant for connecting four South Asian nations. Officia...

Headwinds hit recovery as MCCI sees price spiral, remittance sloth as challenges

Headwinds hit recovery as MCCI sees price spiral, remittance sloth as challenges

FE REPORT 2022-02-19 08:27:32

Bangladesh economy, despite showing signs of recovery from the pandemic shocks, sees some emerging challenges stemming mainly from price hike of essential commodities and decreasing remittances. Such...

Shortage of Suzuki car mirrors reflects Sri Lanka's growing crisis

Shortage of Suzuki car mirrors reflects Sri Lanka's growing crisis

-- 2022-02-18 15:38:24

Car spare parts dealers in Sri Lanka's main city of Colombo are receiving a steady stream of customers looking for what is fast becoming a prized commodity in the island nation - side mirrors for Suzu...

Bangladesh, Thailand hold official consultation on March 1

Bangladesh, Thailand hold official consultation on March 1

MUNIMA SULTANA 2022-02-18 10:14:42

Bangladesh and Thailand may start negotiations on signing a free trade agreement (FTA) in the upcoming foreign office consultation (FoC) which is expected to be held in Bangkok on March 1 next, sour...

Envoy wishes to see Sweden's green companies investing in Bangladesh

Envoy wishes to see Sweden's green companies investing in Bangladesh

FE REPORT 2022-02-18 08:54:15

The Swedish envoy in Dhaka expressed her desire to see Swedish green companies coming to Bangladesh and investing here. Ambassador of Sweden to Bangladesh Alexandra Berg von Linde also said that Sw...

Revenue resurrection helps cut Bangladesh's budget deficit

Revenue resurrection helps cut Bangladesh's budget deficit

JASIM UDDIN HAROON 2022-02-17 08:42:34

Bangladesh's widening budget deficit narrowed to Tk 1.29 trillion in the past fiscal year with the gap between spending and revenue earning declining amid economic recovery from pandemic-induced slump...

Bangladesh inks MoU with non-government Australian stakeholders

Bangladesh inks MoU with non-government Australian stakeholders

-- 2022-02-16 17:40:52

Bangladesh High Commission in Canberra and Cross Sector Development Partnerships Initiative (XSPI) have signed a Memorandum of Understanding (MoU) to complement the existing Australian government deve...

Tk 15b cash incentives released for local exporters

Tk 15b cash incentives released for local exporters

FE REPORT 2022-02-16 11:22:04

The government has released Tk 15 billion for the payment of cash incentives to local exporters on their export earnings. It is the 3rd instalment of cash incentives for the January-March period of t...