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Search results for: economy

Credit flow rises on demand rebound

Credit flow rises on demand rebound

SIDDIQUE ISLAM 2022-04-27 08:36:25

Credit flow into Bangladesh's private sector rebounds, after a downturn, on a demand surge for loans largely for trade financing amid rise in economic activity. Sources say settling higher import-pay...

Food, fuel price shocks from Ukraine war to last at least three years: WB

Food, fuel price shocks from Ukraine war to last at least three years: WB

-- 2022-04-26 20:56:18

Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until at least the end of 2024 and raise the risk of stagflation, the World Bank said in its latest Commodities Marke...

Power sector subsidy may double to Tk 180b in FY23 budget

Power sector subsidy may double to Tk 180b in FY23 budget

-- 2022-04-26 19:52:42

The government is considering doubling the power sector subsidy to Tk180 billion in the upcoming budget of 2022-23 fiscal year (FY23). The overall subsidy and incentive allocation are estimated to ri...

Tk 930b foreign funds likely in FY '23 ADP

Tk 930b foreign funds likely in FY '23 ADP

FHM HUMAYAN KABIR 2022-04-26 09:29:04

The government is likely to allocate Tk 930-billion funds from external sources in the forthcoming annual development programme (ADP) of the next fiscal year (FY), 2022-23, officials said on Monday....

Bangladesh loses out on terms of trade

Bangladesh loses out on terms of trade

JASIM UDDIN HAROON 2022-04-26 08:54:21

Bangladesh's 'terms of trade (TOT)' increasingly go against the country, according to a central-bank report, following faster growth of the import-price index relative to the export-price index amid g...

‘Sri Lanka, Pakistan can follow Bangladesh to avert economic crisis’

‘Sri Lanka, Pakistan can follow Bangladesh to avert economic crisis’

-- 2022-04-25 19:00:58

Sri Lanka and Pakistan can follow the economic miracle of Bangladesh to avert their economic crisis. As Sri Lanka is going through an economic recession, Bangladesh has been confirmed as a South Asian...

Bangladesh, Norway keen to broaden economic partnership

Bangladesh, Norway keen to broaden economic partnership

-- 2022-04-25 13:29:19

Bangladesh and Norway have expressed interest in broadening economic partnership through trade, investment and maritime sector cooperation. The two countries also discussed in particular the potentia...

World Bank readies Sri Lanka aid package, IMF calls loan talks 'fruitful'

World Bank readies Sri Lanka aid package, IMF calls loan talks 'fruitful'

-- 2022-04-24 09:52:26

The International Monetary Fund said on Saturday it held "fruitful technical discussions" with Sri Lanka on its loan request, while the World Bank said it was preparing an emergency aid package for th...

Branding Bangladesh abroad: Govt moves to shape strategies

Branding Bangladesh abroad: Govt moves to shape strategies

REZAUL KARIM 2022-04-24 08:46:02

A move is underway to prepare strategies for branding Bangladesh abroad, aiming to present correctly the country's image including its overall economic strength as a nation. To this effect, a Terms o...

Bangladesh bags highest $6.79 billion foreign aid in nine months

Bangladesh bags highest $6.79 billion foreign aid in nine months

FHM HUMAYAN KABIR 2022-04-24 08:02:08

Bangladesh received a record $6.79 billion in foreign aid in the first three quarters of the current financial year, up 55 per cent from last fiscal's, officials say. In the past fiscal year (FY) 202...

World Bank, IMF, WTO leaders urge quick action on food security

World Bank, IMF, WTO leaders urge quick action on food security

-- 2022-04-23 09:09:31

The leaders of the International Monetary Fund, World Trade Organization and the World Bank on Friday called for quick work on a new action plan on food security to be prepared by international financ...

E-commerce breaks barriers of traditional marketing in Bangladesh

E-commerce breaks barriers of traditional marketing in Bangladesh

-- 2022-04-22 19:27:14

Like thousands of women across the country, Nevia Alam, a middle-aged well educated woman of this city, is very happy being an entrepreneur by breaking all barriers to traditional marketing through th...

Bangladesh Bank moves to stave off rapid devaluation of taka against US dollar

Bangladesh Bank moves to stave off rapid devaluation of taka against US dollar

-- 2022-04-22 14:15:44

Bangladesh Bank has taken a series of measures in an effort to reverse a record slide in the value of the taka against the US dollar, but the moves appeared to be floundering, bdnews24.com reports. T...

World Bank estimates Ukraine physical damage at roughly $60 billion so far

World Bank estimates Ukraine physical damage at roughly $60 billion so far

-- 2022-04-22 11:28:21

Physical damage to Ukraine's buildings and infrastructure from Russia's invasion has reached roughly $60 billion and will rise further as the war continues, World Bank President Davi...

Kamal hails microcredit role in cutting poverty

Kamal hails microcredit role in cutting poverty

FE REPORT 2022-04-22 08:55:55

Microcredit programmes have played a significant role in reducing poverty in the country through financial inclusion and social development, said Finance Minister A H M Mustafa Kamal on Thursday. T...

BGMEA, CNNIC to jointly promote Bangladesh’s RMG sector by showcasing success story

BGMEA, CNNIC to jointly promote Bangladesh’s RMG sector by showcasing success story

FE ONLINE REPORT 2022-04-21 20:39:04

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the-based CNN International Commercial (CNNIC) are willing to work in partnership to promote Bangladesh’s RMG sector by sho...

Bangladesh focuses on food processing industry to boost export

Bangladesh focuses on food processing industry to boost export

-- 2022-04-21 15:42:42

Bangladesh government is prioritising the food processing industry to boost the export of food items alongside meeting the growing domestic demand, said Prime Minister Sheikh Hasina on Thursday. &nbs...

World Bank warns of 'human catastrophe' food crisis

World Bank warns of 'human catastrophe' food crisis

-- 2022-04-21 12:31:14

The world is facing a "human catastrophe" from a food crisis arising from Russia's invasion of Ukraine, according to the President of the World Bank, David Malpass. In an interview with BBC e...

Black money mostly skips whitening scheme

Black money mostly skips whitening scheme

DOULOT AKTER MALA 2022-04-21 08:27:18

Government's tightened money-whitening scheme for the current fiscal fails to rope in the hidebound wealth-holders because of high penal taxes charged for the seal of legitimacy. Economists and tax...

‘Digitising payments to boost GDP by 1.7pc’

‘Digitising payments to boost GDP by 1.7pc’

-- 2022-04-20 21:51:32

Digitisation of payments would boost gross domestic product (GDP) by 1.7 per cent, an addition of $6.2 billion (Tk 500.58 billion) annually to the economy of Bangladesh. The United Nations-based Bett...

Kamal to place national budget for FY23 on June 9

Kamal to place national budget for FY23 on June 9

-- 2022-04-20 19:46:36

Finance Minister AHM Mustafa Kamal has informed that the budget for the upcoming fiscal year (FY23) would be placed in parliament on June 9. The minister said this in a press briefing after a meeting...

Wealth shock: Property bust in small Chinese cities rattles households

Wealth shock: Property bust in small Chinese cities rattles households

-- 2022-04-20 19:12:14

Home owners in small Chinese cities are battling a rare property market downdraft as buyers keep away, eroding the wealth of millions in a blow to already brittle consumer confidence in the world's se...

Bangladesh Bank starts releasing new notes ahead of Eid

Bangladesh Bank starts releasing new notes ahead of Eid

-- 2022-04-20 18:12:25

Bangladesh Bank on Wednesday started releasing new notes of Tk 10, Tk 20, Tk 50 and Tk 100 in the market ahead of Eid-ul Fitr. The central bank will continue releasing new notes until April 28 throug...

UK PM to offer India alternatives to Russia ties

UK PM to offer India alternatives to Russia ties

-- 2022-04-20 17:56:48

British Prime Minister Boris Johnson will offer to help India cut reliance on Russian oil and defence equipment when he begins a two-day visit this week that will test his diplomatic skills and provid...

IMF says any loan to Sri Lanka requires debt sustainability

IMF says any loan to Sri Lanka requires debt sustainability

-- 2022-04-20 12:01:04

The International Monetary Fund said discussions with Sri Lanka on a potential IMF loan program are at an early stage and any deal would require "adequate assurances" that the island country's debts c...

RADP execution reaches 45.56pc in July-March

RADP execution reaches 45.56pc in July-March

FE REPORT 2022-04-20 10:33:25

The country's development programme implementation scenario has shown a sign of recovery in the third quarter (Q3) of the current fiscal year (FY), 2021-22, as the execution rate during the July-Mar...

Bangladesh can take cue from Korea

Bangladesh can take cue from Korea

FE REPORT 2022-04-20 09:26:06

Bangladesh can replicate South Korea's transformation from labour- intensive industries to export-oriented industrial sector, in order to face challenges after its LDC graduation, speakers said at a p...

IMF lowers Bangladesh growth forecast

IMF lowers Bangladesh growth forecast

FE REPORT 2022-04-20 08:53:33

The International Monetary Fund (IMF) has cut Bangladesh's growth forecast for FY 2022 in view of the fallout from Russian invasion of Ukraine. The IMF projects that the country's GDP (real) will gro...

Inflation flies 17-month high amid price spikes

Inflation flies 17-month high amid price spikes

FHM HUMAYAN KABIR 2022-04-20 08:33:01

Point-to-point inflation in Bangladesh hit a 17-month high at 6.22 per cent in March in a jump over government-set limit, officials said Tuesday, as prices of essentials spiked through declared and...

‘Higher food prices can alone push 10m more people into poverty’

‘Higher food prices can alone push 10m more people into poverty’

-- 2022-04-19 21:21:34

Russia’s war in Ukraine has worsened the ‘already dire’ food insecurity situation facing the world, with price and supply shocks adding to global inflationary pressures, US Treasury...