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Search results for: economy

NBFIs 'out of step with banks'

NBFIs 'out of step with banks'

FE REPORT 2020-07-15 09:26:47

The Bangladesh Leasing and Finance Companies Association (BLFCA) Tuesday sought government help to bring bonds and sukuk in the market to ensure long-term sources of funds for the non-bank financial...

Bangladesh, China form joint venture on renewable energy

Bangladesh, China form joint venture on renewable energy

FE ONLINE REPORT 2020-07-14 18:10:37

China and Bangladesh has established a new joint venture company (JVC), titled “Bangladesh-China Power Company (Pvt) Ltd (Renewable),” to implement renewable energy projects having a targe...

ADB to hold annual meeting’s 2nd stage virtually in September

ADB to hold annual meeting’s 2nd stage virtually in September

-- 2020-07-14 17:02:42

The Asian Development Bank (ADB) will hold the second stage of its 53rd annual meeting as a virtual event on September 17 to 18. The event will include a formal business session and selected knowledg...

Global small businesses struggle for survival amid pandemic

Global small businesses struggle for survival amid pandemic

-- 2020-07-14 14:48:18

Millions of small businesses around the globe struggle to survive during the Covid-19 pandemic. More than three months had dragged by since the coronavirus forced Chandan Shekhar to shut down his bus...

UK economy begins tepid recovery in May after record slump

UK economy begins tepid recovery in May after record slump

REUTERS 2020-07-14 12:54:54

Britain’s economy took a first step on the long road to recovery from the Covid-19 crisis in May, as activity began to pick up after lockdown restrictions began to ease. Gross domestic product...

Pandemic knocks Singapore into recession with record 41pc GDP plunge

Pandemic knocks Singapore into recession with record 41pc GDP plunge

REUTERS 2020-07-14 12:08:31

Singapore’s economy suffered a record contraction in the second quarter, tipping it into recession and putting the trade-reliant city-state on course for its worst ever slump this year as the co...

$2.0b budgetary support likely this fiscal year

$2.0b budgetary support likely this fiscal year

SYFUL ISLAM 2020-07-14 09:17:18

The government is working on securing about $2.0 billion budgetary support from bilateral and multilateral development partners in the current fiscal year (FY), finance ministry officials said. In...

Govt to unveil economic review in Sept next

Govt to unveil economic review in Sept next

FE Online Report 2020-07-13 16:21:20

The economic review, a popular budget publication, will now be published sometime in September next. The publication usually covers data relating to the country's economic activities. The finance di...

Pause, reflect: Five questions for the ECB

Pause, reflect: Five questions for the ECB

REUTERS 2020-07-13 16:04:13

For the first time in months, the European Central Bank has reason to break from crisis-fighting mode — economic activity is picking up after the Covid-19 hit, markets are stable and agreement o...

Mexico loses over 900,000 jobs due to Covid-19 in H1

Mexico loses over 900,000 jobs due to Covid-19 in H1

-- 2020-07-13 12:55:23

Mexico lost 921,583 jobs in the first half (H1) of 2020 largely due to the impact of Covid-19, the Mexican Institute of Social Security (IMSS) reported on Sunday. In June alone, Mexico lost 83,311...

'Archaic forex rule deters foreign investors'

'Archaic forex rule deters foreign investors'

FE REPORT 2020-07-13 09:46:19

Bangladesh needs to make progress in five key areas in the coming days to attract both domestic and overseas investments, business leaders and economists say. The five factors are further facilitat...

Budget deficit and inflation rate more important than GDP growth

Budget deficit and inflation rate more important than GDP growth

FE Online Desk 2020-07-13 00:42:03

The Institute of Chartered Secretaries of Bangladesh (ICSB) organized a Continuing Professional Development (CPD) programme on "Finance Act 2020 and Its Impact on the Business” on July 11 on v...

Policy, reforms to encourage private investment stressed

Policy, reforms to encourage private investment stressed

FE ONLINE REPORT 2020-07-12 18:25:00

Bangladesh needs to quickly design and roll out policy actions and reforms on long-standing issues holding back private investment in order to effectively address the unfolding impacts of coronavirus-...

SANEM supports borrowing funds from reserves

SANEM supports borrowing funds from reserves

FE REPORT 2020-07-12 09:46:44

The government can finance its large development projects from foreign exchange reserves instead of borrowing from the country's banking sector, a think-tank suggested on Saturday. Since foreign exch...

Innovations key to economic recovery

Innovations key to economic recovery

FE REPORT 2020-07-12 09:44:39

Experts at a webinar on Saturday said successful economic recovery would largely depend on transparent public finances, accountability and information accuracy. Professionals in the relevant fields h...

“Focus on external sources, not banks, to ease budget deficit”

“Focus on external sources, not banks, to ease budget deficit”

FE ONLINE REPORT 2020-07-11 19:17:26

More focus needs to be given on sourcing funds from external sources, reducing dependency on bank borrowing, to mitigate the budget deficit, according to the experts and stakeholders. Suggesting redu...

Indian economy's medium-term outlook remains uncertain, says RBI Governor

Indian economy's medium-term outlook remains uncertain, says RBI Governor

-- 2020-07-11 15:07:47

The Indian economy’s medium-term outlook remains uncertain even though the country has started re-opening after over two months of a nationwide lockdown, the central bank governor has said. Acc...

Govt defers fund release for low-priority projects

Govt defers fund release for low-priority projects

SYFUL ISLAM 2020-07-11 10:31:04

The government has decided to suspend fund release for implementation of low-priority projects under the Annual Development Programme (ADP) of this fiscal year (FY), 2020-21. The decision has been ta...

Lack of investment diversification among hurdles to boost FDI

Lack of investment diversification among hurdles to boost FDI

FE Report 2020-07-11 10:27:32

Speakers at a webinar identified lack of diversification in investment as a key challenge in boosting foreign direct investment (FDI) in the country. The speakers stressed on the need for policy meas...

Foreign cos to invest in JV projects

Foreign cos to invest in JV projects

MIR MOSTAFIZUR RAHAMAN 2020-07-11 09:39:04

Several foreign companies have recently shown interest to invest in joint venture projects in the state-owned sugar mills, offering an opportunity for the BSFIC to revive the ailing mills. A consorti...

‘Rural economy to be under pressure with returnees from cities’

‘Rural economy to be under pressure with returnees from cities’

-- 2020-07-10 19:18:09

Rural economy of the country is going to be under pressure as a significant number of people from urban areas are returning to their respective villages losing the sources of their earnings due to Cov...

US jobless claims continue to drop last week

US jobless claims continue to drop last week

-- 2020-07-10 13:28:27

The number of initial jobless claims in the United States continued to drop last week, as some states paused or partially reversed reopening efforts amid resurgence in Covid-19 cases. In the week end...

IMF urges 'equity-like' govt support for virus-hit firms

IMF urges 'equity-like' govt support for virus-hit firms

REUTERS 2020-07-10 13:27:19

International Monetary Fund Chief Economist Gita Gopinath urged governments to shift to “equity-like” support from one focused on loans as the coronavirus pandemic inflicts prolonged damag...

Covid exposes inept health sector

Covid exposes inept health sector

FHM HumayanKabir 2020-07-10 09:38:00

The COVID pandemichas laid barethe health sector's horrible record, underscoring the ministry's worst performance in executing development projects in the last decade, officials said on Wednesday. An...

MoF blocks Tk 24.47b of road projects in FY 20

MoF blocks Tk 24.47b of road projects in FY 20

MUNIMA SULTANA 2020-07-10 09:29:24

Fund crisis caused by the coronavirus pandemic forced the government to block allocation of Tk 24.47 billion funds of different road infrastructure projects in last fiscal year (FY), 2019-2020. As a...

Huawei endows the digital adaptability of BD students

Huawei endows the digital adaptability of BD students

FE Online Desk 2020-07-09 23:08:21

Huawei Bangladesh has partnered with Bijoy Digital to provide digital solutions to T&T High schools across Bangladesh to facilitate distance learning. ‘Bridging the Digital Education Divide...

Sri Lanka central bank delivers steep rate cuts to support virus-hit economy

Sri Lanka central bank delivers steep rate cuts to support virus-hit economy

REUTERS 2020-07-09 16:14:50

Sri Lanka’s central bank delivered an unusually large cut to two of its key interest rates on Thursday as it ramped up efforts to support an economy which has been battered by the Covid-19 pande...

'Death Cross' strikes US dollar as Covid-19 cases grow

'Death Cross' strikes US dollar as Covid-19 cases grow

REUTERS 2020-07-09 13:05:46

A resurgent coronavirus pandemic in the United States and the prospect of improving growth abroad are souring some investors on the dollar, threatening a years-long rally in the currency. The dollar...

China's consumer inflation rises to 2.5pc in June

China's consumer inflation rises to 2.5pc in June

-- 2020-07-09 12:55:25

China's consumer inflation remained generally stable in June under the country's continued efforts toward economic recovery, official data showed Thursday. Consumer price index (CPI), the main gauge...

Indian economic zone: Delhi set to offer $115 million

Indian economic zone: Delhi set to offer $115 million

Saif Uddin 2020-07-09 10:46:24

The economic zone dedicated to Indian investors is set to avail US$115 million under the third credit line from the neighbouring country, a top official said on Tuesday. "The Indian government has re...