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Mediation most effective tool to resolve commercial disputes

Mediation most effective tool to resolve commercial disputes

FE DESK REPORT 2020-09-18 10:34:36

Experts at a webinar on Thursday stressed the advantages of mediation over arbitration and litigation as a dispute resolution tool, especially in the wake of the Covid-19 pandemic, which has created a...

Int'l Youth Day 2020:  Virtual fest begins

Int'l Youth Day 2020: Virtual fest begins

FE Online Desk 2020-09-17 19:13:05

A virtual 3-day long youth skills development festival called BEYOND 2020 began on Thursday to celebrate International Youth Day 2020. Inspiring Bangladesh, the 1st Bangladeshi Social Network that...

WB chief economist says global economic recovery may take five years

WB chief economist says global economic recovery may take five years

-- 2020-09-17 16:58:19

The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank's chief economist Carmen Reinhart said on Thursday, reports Reuters....

Pandemic threatens human capital gains: WB

Pandemic threatens human capital gains: WB

-- 2020-09-17 12:04:55

The Covid-19 pandemic has threatened hard-won gains in health and education over the past decade, especially in the poorest countries, a new World Bank Group analysis finds. It insists that investmen...

New Zealand plunges into worst recession in years amid Covid pandemic

New Zealand plunges into worst recession in years amid Covid pandemic

-- 2020-09-17 11:01:32

New Zealand is in its deepest recession in decades, following strict measures in response to the Covid-19 pandemic which were widely praised. The country's GDP shrank by 12.2 per cent between April a...

Social safety net programmes: Maximum fund goes to non-poor, study shows

Social safety net programmes: Maximum fund goes to non-poor, study shows

FE REPORT 2020-09-17 09:35:58

As many as 65 per cent of the fund from the government's social safety net programmes (SSNPs) goes to non-poor owing to nepotism, corruption, political consideration and clientelism in selecting benef...

UN tourism body says int'l tourist arrivals drop 65pc

UN tourism body says int'l tourist arrivals drop 65pc

Reuters 2020-09-16 11:19:50

International tourist arrivals plunged 65 per cent in the first half of 2020 compared to last year, data from the World Tourism Organization showed on Tuesday, translating into an estimated $460 billi...

US tariffs on China breach global trade rules, says WTO

US tariffs on China breach global trade rules, says WTO

Reuters 2020-09-16 10:27:58

The World Trade Organization found on Tuesday (local time) that the United States breached global trading rules by imposing multibillion-dollar tariffs in the country's President Donald Trump’s...

Bangladesh to play an essential role in IPS: US

Bangladesh to play an essential role in IPS: US

FE Online Report 2020-09-16 10:13:08

Having a huge market, strong manufacturing base and strategic location, Bangladesh is an important country for US under Indo Pacific Strategy (IPS), said a top US State Department official. “Be...

Kamal elated over ADB's growth projection

Kamal elated over ADB's growth projection

FE REPORT 2020-09-16 09:56:44

Finance Minister AHM Mustafa Kamal expressed satisfaction over the growth projection made by the Asian Development Bank (ADB) for the current fiscal year. "People of the country are working heartily...

BEPZA’s contribution in national export increases

BEPZA’s contribution in national export increases

-- 2020-09-15 17:42:05

The contribution of Bangladesh Export Processing Zones Authority (BEPZA) in national export has increased in the fiscal 2019-20. The operational enterprises of eight EPZs under BEPZA exported goods w...

UK unemployment rises for first time since coronavirus lockdown

UK unemployment rises for first time since coronavirus lockdown

Reuters 2020-09-15 12:39:59

Britain’s unemployment rate rose for the first time since the coronavirus lockdown began in March, official data showed on Tuesday. The unemployment rate increased to 4.1 per cent in the three...

ADB sees Bangladesh recovery despite growth contraction in Asia

ADB sees Bangladesh recovery despite growth contraction in Asia

FE Online Report 2020-09-15 10:23:19

Bangladesh’s economy is expected to grow at a rate of 6.8 per cent in the current fiscal year (FY 2021), the Asian Development Bank (ADB) said on Tuesday. “The growth reflects gradual rec...

Bond sales losing steam

Bond sales losing steam

FHM Humayan Kabir 2020-09-15 09:40:36

Bangladesh's bond market is under-performing as sales of major such debt instruments are on the declining trend, officials said on Monday. The bond sales by banks to the clients fell in fiscal year...

Indonesia Aug trade surplus seen at near $2.2b

Indonesia Aug trade surplus seen at near $2.2b

-- 2020-09-14 14:10:06

Indonesia was seen posting a 2.16 billion US dollar trade surplus in August, slightly smaller than the previous month, with export and import contraction slowing, a Reuters poll showed on Monday. Sou...

Outward FDI from Bangladesh turns negative

Outward FDI from Bangladesh turns negative

FE Online Report 2020-09-13 19:23:23

Outward foreign direct investment (FDI) from Bangladesh to other countries turned negative in the past year, according to the statistics of the country’s central bank. It showed that the net ou...

Bangladesh must ensure periodic review, suggest experts

Bangladesh must ensure periodic review, suggest experts

FE REPORT 2020-09-13 09:56:27

Speakers during a virtual consultation have suggested that Bangladesh should ensure periodic review of the UN-binding treaty on business and human rights. They also called for involving three types o...

New taxpayers to get Tk 2,000 discount on first online return submission

New taxpayers to get Tk 2,000 discount on first online return submission

-- 2020-09-12 17:30:30

The new taxpayers will enjoy a Tk 2,000 discount for submission of income tax returns through online. The National Board of Revenue (NBR) has made the decision to encourage online return submission,...

US consumer prices surge for 3rd month in August

US consumer prices surge for 3rd month in August

-- 2020-09-12 11:36:07

US consumer prices continued to rebound in August with the reopening of the world largest economy, but the overall inflation is expected to remain subdued due to the pandemic. The consumer price inde...

Current account returns to surplus in July

Current account returns to surplus in July

JASIM UDDIN HAROON 2020-09-12 09:41:18

The country's current account balance registered a surplus of approximately US$2.0 billion in July last against a deterioration of over $100 million a year earlier. This is mainly because of higher i...

Remittance incentive allowed from Jul'19

Remittance incentive allowed from Jul'19

FE REPORT 2020-09-11 09:28:50

Bangladesh Bank (BB) on Thursday said that expatriate workers serving with shipping or airlines owned by Bangladeshi or foreigners can enjoy cash incentives on remittance effective from July, 2019....

ADB approves $50m loans to fund, implement PPP infrastructure projects in Bangladesh

ADB approves $50m loans to fund, implement PPP infrastructure projects in Bangladesh

-- 2020-09-10 18:35:27

The Asian Development Bank (ADB) on Thursday confirmed US$50 million loans to promote, fund, and implement public-private partnership (PPP) infrastructure projects in Bangladesh.  The Manila-bas...

Govt counts on Tk 1.03t stimulus packages to offset COVID-19 shock

Govt counts on Tk 1.03t stimulus packages to offset COVID-19 shock

-- 2020-09-10 17:58:56

The government is relying on its declared Tk 1.03 trillion stimulus packages for various sectors to offset the COVID-19 shock and bring back normalcy in overall economic activities for calculating rel...

ADB discloses latest edition of annual statistical report for Asia-Pacific

ADB discloses latest edition of annual statistical report for Asia-Pacific

FE Online Report 2020-09-10 16:34:37

The Asian Development Bank (ADB) on Thursday unveiled its latest edition of annual statistical report for the Asia-Pacific region. The Manila-based lender launched two virtual statistical windows&mda...

World trade is slowly rebounding, indicates shipping data

World trade is slowly rebounding, indicates shipping data

FE Online Report 2020-09-10 12:04:04

After a big drop during the second quarter of 2020, the number of ships pulling into ports to unload and load containers rebounded in many parts of the world in the third quarter. Maritime shipping s...

New method to fix green financing rate

New method to fix green financing rate

FE REPORT 2020-09-10 09:48:59

The central bank on Wednesday introduced a new computation methodology to find the rate of green financing by banks and non-bank financial institutions. The new methodology will help reduce the over...

Govt's vision-2041 eyes big jump in investment

Govt's vision-2041 eyes big jump in investment

FHM Humayan Kabir 2020-09-10 09:22:13

The government has set a target of raising the gross investment-GDP (Gross Domestic Product) ratio to 46.88 by the year 2041, officials said on Wednesday. The target is 15.13 per cent higher than the...

IMF advocates more support for economic recovery

IMF advocates more support for economic recovery

-- 2020-09-09 21:18:57

The International Monetary Fund (IMF) has underscored the need for multilateral cooperation for economic recovery from ongoing global crisis due to coronavirus pandemic. In an essay published in Fore...

LDC group to seek support for 10 years after graduation

LDC group to seek support for 10 years after graduation

SYFUL ISLAM 2020-09-09 09:36:19

The group of least developed countries (LDCs) has opted to request the rich nations for extending support measures, available to the graduating LDCs, for at least a period of 10 years after they are e...

NBR expects big rise in corporate tax revenue

NBR expects big rise in corporate tax revenue

DOULOT AKTER MALA 2020-09-09 09:25:39

The tax authorities are hopeful about a substantial increase in corporate tax returns this year as they have put in place a number of measures to rope in the tax-evading companies and the companies th...