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The Financial Express

Search results for: economy

Mercantile Bank, BRAC Bank donations to PM's Fund

FE Online Desk March 31, 2020 18:26:03

Mercantile Bank Limited donated an amount of Taka 50 million to the Prime Minister’s Relief Fund to fight coronavirus. It is initiated as a part of Mercantile Bank’s CSR activities to Pr...

Money market operations to continue during holidays

-- March 31, 2020 17:39:38

The Bangladesh Bank (BB) has taken a decision to keep open the operations of repurchase agreement (Repo) and interbank call money market in a limited scale during the general holidays for managing the...

StanChart BD offers comprehensive support measures

FE Online Desk March 31, 2020 17:31:06

Standard Chartered Bangladesh has decided to offer a comprehensive set of support measures for its wide range of clients to help pull through these difficult times. "Standard Chartered has stood by t...

Summit Group donates Tk 30m to fight coronavirus pandemic

FE Online Desk March 31, 2020 16:59:23

Summit Group, Bangladesh’s largest infrastructure conglomerate has contributed BDT 30 million to the Prime Minister's Relief and Welfare Fund to fight the coronavirus pandemic. The Princip...

UNCTAD seeks $2.5 trillion virus package for developing countries

FE Online Report March 31, 2020 16:14:25

In the face of a looming financial tsunami this year, due to spread of deadly coronavirus, an agency of the United Nations called for $2.50 trillion crisis package for developing countries including B...

Japan factory output growth slows in Feb

-- March 31, 2020 14:17:51

Japan’s industrial output rose in February at a slower pace than the previous month and factories expect production to plunge in March, adding to growing signs the coronavirus pandemic is taki...

Pandemic to hit growth in Asia, China: World Bank

Reuters March 31, 2020 10:21:37

The coronavirus pandemic is expected to sharply slow growth in developing economies in East Asia and the Pacific as well as China, the World Bank said in an economic update on Monday. The bank said p...

Customs houses asked to release limited goods on holidays  

FE Report March 31, 2020 09:48:16

The country's customs authority will release import-export goods on a 'limited scale' during the general holidays, declared by the government until April 04, to contain the spread of coronavirus. T...

Economists back lifeline for all domestic sectors

FHM HUMAYAN KABIR March 31, 2020 09:27:40

Economists on Monday urged the government to provide financial support to local industries and service sectors to help those cushion the impact of the new coronavirus. The Tk 50-billion package for t...

Export sectors to get virus money early next month

FE REPORT March 31, 2020 09:22:44

The Ministry of Finance issues a notification today (Tuesday), detailing the modalities of Tk 50-billion stimulus package for the export-oriented industries designed to pay salaries of employees. The...

Customs houses to remain open on holidays

-- March 30, 2020 18:04:08

All the customs houses and customs stations will remain open during the government declared general holidays in limited scale. The National Board of Revenue (NBR) on Monday issued an order in this re...

Australia to spend $80b subsidy to protect jobs

-- March 30, 2020 16:13:13

Australia will spend A$130 billion (64.5 billion pounds) to subsidise the wages of an estimated 6 million people, marking a third tranche of stimulus designed to limit the fallout of the coronavirus p...

China unexpectedly cuts reverse repo rate by most in five years

REUTERS March 30, 2020 15:41:27

China's central bank unexpectedly cut the rate on reverse repurchase agreements by 20 basis points on Monday, the largest in nearly five years, as authorities stepped up measures to relieve pressure o...

Coronavirus: Greece pumps more financial aid in economy

-- March 30, 2020 15:40:40

Greece announced new tax breaks and economic assistance to thousands of businesses and workers on Monday to buffer its economy from a national lockdown triggered by the coronavirus pandemic. Greece&r...

BB asks banks to release foreign exchange of travellers’ cards

FE ONLINE REPORT March 30, 2020 13:38:01

The central bank has relaxed its rules of foreign exchange release considering the situation of the travelling card holders stuck abroad due to restrictions arising out of the COVID-19 pandemic. Unde...

BB resumes dollar sale to offset strain on market

SIDDIQUE ISLAM March 30, 2020 09:34:51

The central bank has resumed sale of the US dollar (US$) to banks directly for offsetting extra pressure on the market, caused by lower remittance inflow following the ongoing coronavirus outbreak. A...

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...