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The Financial Express

Search results for: economy

Malaysian economy may face sharp slowdown in near future

-- May 22, 2020 15:16:02

Malaysia's latest data on Friday indicated that the country may be facing a sharp slowdown. According to Malaysian Statistics Department statement, the latest leading index (LI) which is compiled to...

China drops annual growth target for first time since 1990

REUTERS May 22, 2020 15:13:37

China dropped its annual growth target for the first time on Friday and pledged more government spending as the COVID-19 pandemic hammers the world’s second-biggest economy, setting a sombre ton...

A crisis that has blunted the euro's global profile

REUTERS May 22, 2020 12:25:21

The coronavirus crisis may have dealt a lethal blow to the idea that the euro could one day replace the dollar as the world’s preferred currency, by exposing euro zone frailties and cementing th...

Pandemic could push 60m into ultra poverty globally

FE Report May 22, 2020 10:17:55

The World Bank has warned that as many as 60 million people worldwide could be pushed into extreme poverty due to the impact of the deadly coronavirus. "Our estimate is that up to 60 million people w...

Govt takes up Tk 70b project to create self-employment

-- May 22, 2020 10:10:22

The youth and sports ministry has taken up a Tk 70 billion project to create self-employment and alleviate poverty. It aims at making the huge portion of the population, who have left the cities due...

Thrust on giving priority to health sector in next budget

FE Report May 22, 2020 09:56:01

Speakers at a virtual seminar on Thursday stressed the need for giving priority to the health sector in the budget for fiscal year 2020-21 and utilising allocation properly to revive the coronavirus-r...

Amphan ravages Rajshahi mango hub

FHM Humayan Kabir May 22, 2020 09:49:36

The cyclone Amphan has dealt a body blow for mango farmers in the Rajshahi region, already reeling under the coronavirus outbreak, victims and officials said on Thursday. The very severe storm that p...

PRAN-RFL distributes relief among another 11 thousand families

FE Online Desk May 21, 2020 23:18:35

PRAN-RFL Group, one of the leading conglomerates of Bangladesh is distributing food items to more than 11 thousand poor families across the country. The organization has started food distribution in t...

China's large-scale COVID-19 testing may pave way for strong economic recovery, US economist says

Xinhua May 21, 2020 19:56:58

China's large-scale COVID-19 testing may pave the way for a strong economic recovery, a renowned US economist has said. "Although there are no official national data on the number of tests that have...

Lawmakers recommend protection of bidi industry, slashing taxes in budget

FE ONLINE REPORT May 21, 2020 18:40:24

More than 50 lawmakers from different areas of the country have submitted demi official (DO) letters to the Prime Minister and the National Board of Revenue (NBR) recommending reduction of existing ta...

CBP holds Pre-Budget Virtual Dialogue 2020

-- May 21, 2020 18:24:40

The Centre on Budget and Policy (CBP), University of Dhaka, recently held a virtual dialogue, titled ‘Pre-Budget Virtual Dialogue 2020’ on the upcoming budget amid the COVID-19 crisis. D...

Many RMG units remain shut for lack of work orders

FE ONLINE REPORT May 21, 2020 15:35:10

A significant number of garment factories remained closed for the last two months since March due to shortage of work orders followed by the ongoing coronavirus pandemic, industry insiders said. Many...

WB names Harvard professor Carmen Reinhart as chief economist

-- May 21, 2020 11:33:05

Harvard University professor Carmen Reinhart has been appointed as the new vice president and chief economist of World Bank (WB), the WB Group President David Malpass said on Wednesday. "I am very pl...

Inter-bank call rate stable before Eid amid BB's support

Siddique Islam May 21, 2020 10:45:44

The inter-bank call money rate remained almost stable on Wednesday, the last working day before the Eid vacation, despite higher cash withdrawal from banks, bankers said. The weighted average rate (W...

Govt focuses on incentive plan to attract relocating businesses

-- May 21, 2020 10:42:59

The government has decided to devise a strategic plan on incentives and other benefits to be offered to prospective foreign investors who will relocate their businesses to Bangladesh in the post-Covid...

Virus throws 22.9pc into poverty: Survey

FE Report May 21, 2020 10:04:32

The COVID-19 pandemic has pushed 22.9 per cent people of the country below poverty line apart from officially- recognised 20.5 per cent existing poor, according to a rapid survey report. The report s...

‘It is not possible to shut down tobacco industry in a hurry’

-- May 20, 2020 23:40:08

The Ministry of Industries has said it is not possible to shut down tobacco industry in a hurry without creating awareness. The statement was made in a press release issued on Wednesday by industries...

AIIB approves $250m for BD to fight against COVID-19

-- May 20, 2020 22:49:41

The Asian Infrastructure Investment Bank (AIIB) has approved $250 million for extending cooperation to Bangladesh government’s utmost efforts for combating Covid-19. “AIIB Board of Direct...

Qatar Airways and American Airlines partnership begins with domestic U.S. Codeshare ‎

FE Online Desk May 20, 2020 19:17:42

Qatar Airways announced that the first stage of the strategic partnership with American Airlines has begun with Qatar Airways placing its code on American Airlines’ domestic flights, strengtheni...

China likely not to set numerical GDP growth target: GT poll

Global Times May 20, 2020 16:26:02

One of the most closely watched aspects of China's two sessions each year is the release of the official target for GDP growth, a reliable indicator of where the world's second-largest economy is head...

RBI may need to aggressively cut rates alongside fiscal stimulus

-- May 20, 2020 16:15:48

The Indian government’s frugal economic stimulus package has put pressure on the Reserve Bank of India (RBI) to intervene, as analysts and economists say measures announced so far are unlikely t...

ADP spending hits four-year low

FE Report May 20, 2020 09:41:18

The Annual Development Programme (ADP) spending hit four-year low in the first 10 months of the current fiscal year (FY) 2019-20 due to the impact of the coronavirus on the development work, officia...

Relief on the way for Covid-hit taxpayers

Doulot Akter Mala May 20, 2020 09:19:38

The government is likely to offer a set of tax incentives for both individual and corporate taxpayers, including black money whitening opportunity, in the budget for upcoming fiscal year (FY), 2020-21...

More than 0.6m irregular BD workers risk deportation

Arafat Ara May 20, 2020 09:17:32

Thousands of Bangladeshi workers staying abroad without proper documents risk being deported, due in part to coronavirus pandemic in countries that host them, according to insiders in the manpower e...

NRB Bank distributes food support to under-privileged people of Gopalgonj

FE Online Desk May 19, 2020 21:57:18

As part of  Corporate Social Responsibility, NRB Bank Limited has undertaken Essential Food Support Initiative to help families in dire need for food and welfare support under a nationwide shutdo...

Business organisations, policy think-tank chart out pvt sector dynamism

FE Online Desk May 19, 2020 19:36:49

Four leading business organizations and a private sector economic policy think tank on Tuesday floated ‘Resurgent Bangladesh’, an initiative to help Bangladesh chart out and execute the re...

Coronavirus crushes Asia’s garment industry

REUTERS May 19, 2020 17:59:01

Zarchi Lwin pawned her only two gold bangles for $140 when the owner of the Myanmar factory where she sewed winter coats for British retailer Next Plc shut it down after orders dried up due to the cor...

NEC approves Tk 2.05t ADP for FY21

-- May 19, 2020 16:57:42

The National Economic Council (NEC) on Tuesday approved the Annual Development Programme (ADP) involving Tk 2.05 trillion for the fiscal year 2020-21 (FY21) with focus on transport, education, health...

MTB, MRDI extend support to corona-affected offshore villagers  

FE Online Desk May 19, 2020 15:58:36

Corporate sector has been contributing significantly in social development including reducing poverty, fighting disaster and adverse situation. Besides government initiatives, precise use of the CSR f...

PC to place Tk 2.05tn ADP for next FY today

FE REPORT May 19, 2020 09:46:12

The Planning Commission (PC) is set to place a Tk 2.05 trillion worth of Annual Development Programme (ADP) before the National Economic Council (NEC) today (Tuesday) for getting approval, officials s...