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The Financial Express

Search results for: economy

Borrowers of NBFIs can remain unclassified if 25pc repayment is made

Borrowers of NBFIs can remain unclassified if 25pc repayment is made

FE REPORT 2021-12-20 08:19:35

The central bank further relaxed the repayment policy for the borrowers of outstanding loans or leases from non-banking financial institutions (NBFIs) to help the recovery of the pandemic-hit econom...

Capital market key to reducing infrastructure financing gap, DCCI President says

Capital market key to reducing infrastructure financing gap, DCCI President says

-- 2021-12-19 17:21:20

President of Dhaka Chamber of Commerce & Industry (DCCI) Mr Rizwan Rahman has said the tax difference between listed and non-listed companies should be rationalised to encourage good companies and...

IMF enhances growth projection for Bangladesh for FY’22

IMF enhances growth projection for Bangladesh for FY’22

FE ONLINE REPORT 2021-12-19 13:36:19

The International Monetary Fund (IMF) has enhanced the economic growth projection for Bangladesh to 6.6 per cent for the current fiscal year (FY) from its October projection of 6.5 per cent. “G...

Bangladesh’s rebound from Covid quicker than regional peers: IMF

Bangladesh’s rebound from Covid quicker than regional peers: IMF

-- 2021-12-19 11:59:55

Bangladesh’s economy has rebounded from the Covid-19 pandemic ‘much quicker’ than other nations in the region due to the measures taken by the authorities, according to a staff team...

Bangladesh plans to send 800,000 workers abroad in FY22

Bangladesh plans to send 800,000 workers abroad in FY22

-- 2021-12-17 21:19:49

Bangladesh plans to send as many as 800,000 workers abroad in fiscal 2021-22, as Malaysia is set to reopen the labour market to workers from the South Asian country. In the first four months of the f...

Bangladesh at 50: From 'basket case' to rising economic star

Bangladesh at 50: From 'basket case' to rising economic star

Deutsche Welle 2021-12-17 19:09:12

[German state-owned international broadcaster Deutsche Welle published the following report on Thursday marking Bangladesh’s 50 years of a journey towards growth.] As Bangladesh marks the...

World Bank fund for poorest nations gets a $93b injection of cash

World Bank fund for poorest nations gets a $93b injection of cash

FE ONLINE REPORT 2021-12-16 22:45:19

The World Bank has announced a $93 billion replenishment package of the International Development Association (IDA) to help low-income countries respond to the COVID-19 crisis and build a greener, mor...

Bangladesh's services sector grows fast to 54pc of GDP

Bangladesh's services sector grows fast to 54pc of GDP

JASIM UDDIN HAROON 2021-12-16 08:39:15

Bangladesh's services sector has expanded by nearly 90 per cent over the past five years to Tk 18.98 trillion, a latest official count shows. The size of the services sector stretching over accommo...

'Over 375m people in Asia-Pacific region faced hunger in 2020'

'Over 375m people in Asia-Pacific region faced hunger in 2020'

-- 2021-12-15 22:01:06

The state of food security and nutrition in Asia and the Pacific has worsened, as more than 375 million people in the Asia-Pacific region faced hunger in 2020, an increase of 54 million over the previ...

Russia keen to cooperate with Bangladesh in various fields

Russia keen to cooperate with Bangladesh in various fields

-- 2021-12-15 20:44:02

Russia has expressed its readiness to offer cooperation with Bangladesh in various fields, including trade, economic, science, and technology. A team of Russia has expressed this at the 3rd session o...

US passes measure clamping down on products from China's Xinjiang

US passes measure clamping down on products from China's Xinjiang

-- 2021-12-15 10:34:10

The US House of Representatives passed legislation on Tuesday to ban imports from China's Xinjiang region over concerns about forced labour, part of Washington's continued pushback against Beijing's t...

PTA with Nepal at final stage, says Commerce Secretary

PTA with Nepal at final stage, says Commerce Secretary

-- 2021-12-14 18:28:09

A Preferential Trade Agreement (PTA) between Bangladesh and Nepal is in the final stage, said the Commerce Secretary of Bangladesh Tapan Kanti Ghosh. Being present as the chief guest, he made this re...

Commercial farming with high-value crops recommended for overcoming post-graduation shocks

Commercial farming with high-value crops recommended for overcoming post-graduation shocks

REZAUL KARIM 2021-12-14 09:24:03

Boosting agricultural production and productivity and farming high-value crops of export quality are seen as urgent to cushion possible external shocks to Bangladesh's export trade in the post-LDC-gra...

86pc reemployed people can’t meet costs of living

86pc reemployed people can’t meet costs of living

FE REPORT 2021-12-14 09:05:21

About 85 per cent of the employed people in the pre-Covid period remained unemployed for over a month for the pandemic and those reemployed now cannot make two ends meet, according to a study. The CP...

Afghan currency plunges to record low against dollar

Afghan currency plunges to record low against dollar

-- 2021-12-13 20:38:02

Afghanistan's national currency, the afghani, has dropped further recently amid economic woes, causing grave concern among the Afghan people. The afghani was traded at 112.60 for one US dollar on Mon...

Bangladesh economy further 'informalised'

Bangladesh economy further 'informalised'

FE REPORT 2021-12-13 08:35:31

Bangladesh economy faced further 'informalisation' with consequent lower wages and higher underemployment under a stumbling upset done by the pandemic, it was revealed Sunday at a conference on post-c...

'Auditing firms should play vital role for Bangladesh's LDC graduation'

'Auditing firms should play vital role for Bangladesh's LDC graduation'

FE REPORT 2021-12-12 09:25:43

Auditing firms should play a vital role for Bangladesh's smooth graduation to a developing country from the LDC and for achieving other development goals by discharging their duties with professiona...

Deeper policy reforms recommended for Bangladesh's post-LDC trade

Deeper policy reforms recommended for Bangladesh's post-LDC trade

SYFUL ISLAM 2021-12-12 08:42:19

Bangladesh ought to conduct comprehensive policy reforms for striking effective trade deals on preferential market access in the post-LDC era, a government body suggests as the country is poised for s...

Finance minister asks taxmen not to exert excessive pressure on taxpayers

Finance minister asks taxmen not to exert excessive pressure on taxpayers

FE REPORT 2021-12-11 08:27:57

Finance Minister AHM Mustafa Kamal on Friday urged the country's tax authority not to put too much pressure on the taxpayers who are already paying taxes. "Earn tax as much as you can from the existi...

Regulation forthcoming to segregate Bangladesh's Tk 500b life fund

Regulation forthcoming to segregate Bangladesh's Tk 500b life fund

JASIM UDDIN HAROON 2021-12-11 08:25:32

A major move is underway for segregating the country's nearly Tk500 billion worth of life fund in the insurance industry by framing a regulation, so as to secure policyholders' interests from alleged...

Encourage businessmen to pay VAT by behaving nicely, Kamal tells officials

Encourage businessmen to pay VAT by behaving nicely, Kamal tells officials

-- 2021-12-10 19:48:17

Finance Minister AHM Mustafa Kamal on Friday urged the revenue officials to behave nicely with the businesspeople to encourage them to pay VAT without being intimidated. "I tell those who collect VAT...

WB reiterates support for Bangladesh’s resilience, inclusive growth

WB reiterates support for Bangladesh’s resilience, inclusive growth

FE ONLINE DESK 2021-12-10 13:11:55

The World Bank Vice President for South Asia, Hartwig Schafer, reaffirmed the bank’s commitment to Bangladesh’s resilient and inclusive recovery from the COVID-19 pandemic. He made the re...

Bangladesh Bank feeds $2.0b to ease forex-market crunch

Bangladesh Bank feeds $2.0b to ease forex-market crunch

SIDDIQUE ISLAM 2021-12-10 08:38:48

The central bank continues to pump the US dollar into Bangladesh's overheating foreign-exchange market, releasing over $2.0 billion in nearly four months now, as the greenback enjoys great demand amid...

Businesses urged to cooperate in FTA signing with Malaysia

Businesses urged to cooperate in FTA signing with Malaysia

-- 2021-12-09 19:52:00

Commerce Minister Tipu Munshi has urged the country's business community to cooperate with the government for signing the Free Trade Agreement (FTA) with Malaysia. "The signing of the FTA with Malays...

Trade deficit widens threefold as import far outstrips export

Trade deficit widens threefold as import far outstrips export

SIDDIQUE ISLAM 2021-12-09 09:31:59

Country’s trade deficit widened nearly three times in the first four months of the current fiscal year (FY), prompting some economists to prescribe thrift on luxury buys. Officials attribute th...

Reforms a must to prevent scams, advance economy, say economists

Reforms a must to prevent scams, advance economy, say economists

FE REPORT 2021-12-08 08:55:09

Economists at an international meet Tuesday underscored conducting deep reforms to improve Bangladesh's institutional capacity to clear the decks for economic advances and exploring regional trade o...

Savings tools sales slump in October

Savings tools sales slump in October

FE Report 2021-12-08 08:52:02

Government's net borrowing from the state-sponsored savings instruments slumped in October from September tally due mainly to deep cuts in yield rates. This led the government to borrow higher amount...

ECNEC approves Tk 25.41b project for digital economy

ECNEC approves Tk 25.41b project for digital economy

-- 2021-12-07 17:13:28

The Executive Committee of the National Economic Council (ECNEC) has approved a Tk 25.41 billion Enhancing Digital Government and Economy (EDGE) project in a bid to create the necessary environment fo...

UAE announces move to Saturday-Sunday weekend

UAE announces move to Saturday-Sunday weekend

-- 2021-12-07 15:31:20

The United Arab Emirates said on Tuesday it would transition to a four and half-day working week starting next year, with the full weekend falling on Saturday and Sunday in a move aimed at better alig...

Entrepreneurs drive progress beyond hopes, says Rehman Sobhan

Entrepreneurs drive progress beyond hopes, says Rehman Sobhan

FE REPORT 2021-12-07 09:00:27

Bangladesh's progress may have exceeded Bangabandhu's expectations in the course of these 50 years thanks to the emergence of a dynamic entrepreneurial class, noted economist Professor Rehman Sobhan...