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The Financial Express

Search results for: economy

Japan wholesale inflation hits 13-year high

Japan wholesale inflation hits 13-year high

-- 2021-10-12 11:18:38

Japan's wholesale inflation hit a 13-year high in September as rising global commodity prices and a weak yen pushed up import costs, putting pressure on corporate margins and raising the risk of unwan...

$700 million Korean aid for Bangladesh in next five years

$700 million Korean aid for Bangladesh in next five years

FHM HUMAYAN KABIR 2021-10-12 09:15:04

Dhaka is set to strike an economic-cooperation deal with Seoul today (Tuesday) as the latter will provide some $700-million aid in the next five years. For the first time in its economic ties, South...

Three economists win Nobel economics prize

Three economists win Nobel economics prize

-- 2021-10-11 16:22:02

Three economists— David Card, Joshua Angrist, and Guido Imbens — won the 2021 Nobel economics prize, the Royal Swedish Academy of Sciences said on Monday. The prize, formally known as the...

'Middle class no longer active in leadership, intellectualism'

'Middle class no longer active in leadership, intellectualism'

FE ONLINE REPORT   2021-10-10 20:06:36

Despite widening of the size of the middle class in the country from economic perspective, their participation in political leadership, intellectualism, and socio-cultural activities has come to the g...

IMF approves fourth tranche of debt relief to 24 low-income countries

IMF approves fourth tranche of debt relief to 24 low-income countries

-- 2021-10-09 18:58:35

The International Monetary Fund has approved a $124 million extension of IMF debt relief to 24 low-income countries through January 10, 2022. The approval of the fourth tranche of debt relief from th...

Economists emphasise regional value chain, connectivity

Economists emphasise regional value chain, connectivity

FE REPORT 2021-10-09 08:44:47

Experts Friday emphasised establishing increased connectivity and regional value chain by resolving high tariff issues among the countries for navigating a changing global economic order stemming from...

Deal reached on global minimum corporate tax

Deal reached on global minimum corporate tax

-- 2021-10-08 22:55:14

A global deal to ensure big companies pay a minimum tax rate of 15 per cent and make it harder for them to avoid taxation has been agreed by 136 nations, the Organisation for Economic Cooperation and...

Data probe violated World Bank staff rules, IMF chief’s lawyer claims

Data probe violated World Bank staff rules, IMF chief’s lawyer claims

-- 2021-10-08 19:23:37

The lawyers, who investigated World Bank data-rigging allegations against IMF Managing Director Kristalina Georgieva, violated World Bank staff rules by failing to notify her that she was a subject of...

Bangladesh to turn into $500b economy

Bangladesh to turn into $500b economy

FE REPORT 2021-10-08 08:38:34

Bangladesh may become a US$500 billion economy with the per-capita income rising to $3,000 by 2025-26 fiscal year on the back of a steady growth, Standard Chartered Bank predicts. The international b...

World Bank revises up Bangladesh's growth to 6.4 per cent

World Bank revises up Bangladesh's growth to 6.4 per cent

FE ONLINE REPORT 2021-10-07 12:14:34

The World Bank has forecasted Bangladesh's economic growth at 6.4 pc for the fiscal year 2021-22, which is 1.3 percentage points higher than the earlier projection. In June last, the Washington-based...

How China’s ‘common prosperity’ drive may impact the world

How China’s ‘common prosperity’ drive may impact the world

-- 2021-10-07 10:53:41

China says its policies aimed at narrowing the widening wealth gap are precisely what it needs in this moment of its economic trajectory - but critics say it comes with even greater control of how...

How COVID-19 in Southeast Asia is threatening global supply chains

How COVID-19 in Southeast Asia is threatening global supply chains

-- 2021-10-06 19:03:32

Fresh coronavirus outbreaks in Southeast Asia have hurt factory activity across industries, threatening the region's recovery from the COVID-19 pandemic and disrupting global supplies of goods such as...

BGMEA president says Bangladesh RMG industry growing sustainably

BGMEA president says Bangladesh RMG industry growing sustainably

-- 2021-10-06 18:59:54

Sustainability is one of the core areas of concern for Bangladesh’s RMG industry which is making all-out efforts to achieve environment-friendly growth, BGMEA President Faruque Hassan has said....

IMF trims global growth forecast for 2021 citing 'vaccine divide'

IMF trims global growth forecast for 2021 citing 'vaccine divide'

-- 2021-10-06 12:53:00

The International Monetary Fund expects global economic growth in 2021 to fall slightly below its July forecast of 6 per cent, IMF chief Kristalina Georgieva said on Tuesday, citing risks associated w...

Moody's upgrades outlook on India to stable from negative

Moody's upgrades outlook on India to stable from negative

-- 2021-10-06 10:35:40

Ratings agency Moody's Investors Service on Tuesday upgraded its outlook on India to stable from negative, saying downside risks in Asia's third largest economy and its financial institutions have red...

Global tax deal drops ‘at least’ from proposed minimum of 15pc

Global tax deal drops ‘at least’ from proposed minimum of 15pc

-- 2021-10-05 21:48:12

An updated draft of a global corporate tax overhaul has dropped "at least" from a proposed minimum rate of "at least 15 per cent", possibly clearing a major hurdle for Ireland as negotiations enter a...

Trade gap crosses $4.0b in July-Aug

Trade gap crosses $4.0b in July-Aug

FE ONLINE REPORT 2021-10-05 16:58:06

Country’s merchandise trade gap with the rest of the world crossed US$ 4.0 billion in the first two months of the current fiscal year (FY22). Bangladesh Bank statistics showed that trade gap st...

ADB puts in pipeline $10-12 billion in aid for Bangladesh

ADB puts in pipeline $10-12 billion in aid for Bangladesh

FE REPORT 2021-10-05 08:39:28

Launching its fresh country partnership strategy (CPS), the Asian Development Bank (ADB) put in aid pipeline US$10-$12 billion for funding Bangladesh's development recipe over five years to 2025. F...

Bangladesh's tax revenue up as economy rebounds

Bangladesh's tax revenue up as economy rebounds

DOULOT AKTER MALA 2021-10-05 08:26:49

Tax-revenue collection in Bangladesh marks an upturn amid economic rebound, both globally and locally, following reopening from corona lockdowns. Transitional period in economy after the anti-Covid...

Experts suggest creating a separate ministry to unlock full potentials of blue economy

Experts suggest creating a separate ministry to unlock full potentials of blue economy

-- 2021-10-03 17:48:09

Bangladesh should urgently create a new ministry to lead and oversee coordinated efforts in unlocking the full potentials of the blue economy ranging from the sustainable development of marine fisheri...

Emerging market 'cryptoisation' threatens financial stability: IMF

Emerging market 'cryptoisation' threatens financial stability: IMF

-- 2021-10-02 09:31:16

The advent of digital currencies in emerging markets could spark "cryptoization" of local economies, potentially undermining exchange and capital controls and upsetting financial stability, the Intern...

US consumer spending increases

US consumer spending increases

-- 2021-10-02 08:46:54

US consumer spending surged in August, but outlays adjusted for inflation were weaker than initially thought in the prior month, reinforcing expectations that economic growth slowed in the third quart...

Asian factories hit by China slowdown, supply constraints

Asian factories hit by China slowdown, supply constraints

-- 2021-10-01 12:10:19

Asia's manufacturing activity was lacklustre in September as signs of slowing Chinese growth and factory shutdowns caused by the coronavirus pandemic weighed on the region's econom...

Foreign investors ask Indian regulator to delay quicker trade settlement plans

Foreign investors ask Indian regulator to delay quicker trade settlement plans

-- 2021-10-01 11:42:51

Foreign investors in India are pushing the country's market regulator to delay its plans to implement a quicker settlement of trades by bourses - a "complex and costly" move they s...

Bangladesh's multidimensional poverty rate high: Study

Bangladesh's multidimensional poverty rate high: Study

FE REPORT 2021-10-01 10:18:26

Multidimensional poverty in Bangladesh far outstrips the current income-based estimation, shows a study that puts the rate at 25.87 per cent, as of immediate pre-pandemic period. Bangladesh Institu...

Panel suggests trimming Bangladesh's import tariff to WTO-set rates

Panel suggests trimming Bangladesh's import tariff to WTO-set rates

SYFUL ISLAM 2021-10-01 10:02:15

Trimming Bangladesh's tariff rates to suit the WTO-set levels is suggested by an official panel before the country's graduation to a developing nation that will subject it to competitive trading reg...

Bangladesh August imports surge as economy rebounds

Bangladesh August imports surge as economy rebounds

SIDDIQUE ISLAM 2021-09-30 09:47:52

Bangladesh sees an import surge as apparel exporters made big purchases of textile products as capital goods from the international market to meet buyers' enhanced requirements after the reopening of...

Delta slowing economic growth, increasing inequality in East Asia and Pacific: WB

Delta slowing economic growth, increasing inequality in East Asia and Pacific: WB

-- 2021-09-29 11:39:14

The East Asia and Pacific region's recovery has been undermined by the spread of the COVID-19 Delta variant, which is likely slowing economic growth and increasing inequality in the region, the Worl...

Inflation rises to 5.54pc in August

Inflation rises to 5.54pc in August

FHM HUMAYAN KABIR 2021-09-29 09:13:35

The rate of point-to-point inflation increased to 5.54 per cent last month (August) due to significant price escalation of some non-food items, according to official data. The Bangladesh Bureau of...

Bangladesh sees low crop yields from costlier farming due to erratic weather

Bangladesh sees low crop yields from costlier farming due to erratic weather

JASIM UDDIN HAROON 2021-09-29 08:13:04

Bizarrely 'erratic behaviour' of the weather for the global climate change is impacting Bangladesh's agriculture adversely as the country begins to reap low crop yields from costlier farming. Other c...