Loading...
The Financial Express

Search results for: economy

Top business leaders press for more Covid aid

Top business leaders press for more Covid aid

FE REPORT 2021-04-09 14:02:21

The country's top business leaders have sought extension of the tenure and expansion of the coverage of incentive packages to offset Covid-19's impacts on the economy. Last year, the government annou...

Global economy recovering from pandemic: IMF steering committee

Global economy recovering from pandemic: IMF steering committee

Reuters 2021-04-09 10:22:54

International Monetary Fund’s steering committee on Thursday said the global economy is recovering faster than expected from the Covid-19 crisis, but warned that a spike in interest rates could...

Myanmar crisis sounds death knell for garment industry, jobs, hope

Myanmar crisis sounds death knell for garment industry, jobs, hope

REUTERS 2021-04-08 19:46:01

Two years after opening his garment factory in Myanmar, Li Dongliang is on the verge of closing down and laying off his 800 remaining workers. Business had been struggling because of the COVID-19 pan...

IMF worried about middle-income countries with weaker fundamentals

IMF worried about middle-income countries with weaker fundamentals

Reuters 2021-04-08 09:47:32

The head of the International Monetary Fund on Wednesday said she would discuss with IMF members whether they back offering low- and no-interest financing to middle-income countries hit hard by the pa...

Bangladesh emphasises exploring all avenues for post Covid economic recovery, says foreign minister

Bangladesh emphasises exploring all avenues for post Covid economic recovery, says foreign minister

FE ONLINE REPORT 2021-04-07 20:09:45

In order to minimise the worsening effects of Covid-19 on the world economy, Bangladesh stresses the need for exploring all avenues for economic recovery through collaboration among the D-8 member sta...

Trade deficit crosses $11b level in eight months

Trade deficit crosses $11b level in eight months

FE Online Report 2021-04-07 19:43:41

Bangladesh’s merchandise trade gap with the rest of the world registered around 9.90 per cent growth in the first eight months of the current fiscal year (FY21) over the same period of FY20. Ba...

IMF scales up projection for Bangladesh's GDP growth to 5pc

IMF scales up projection for Bangladesh's GDP growth to 5pc

-- 2021-04-07 16:52:54

The International Monetary Fund (IMF) has scaled up its projection for Bangladesh's GDP growth to 5 per cent in 2021, from its previous forecast of 4.4 per cent in October last year, amid concerns ove...

Net zero transition topped agenda in G7 talks

Net zero transition topped agenda in G7 talks

Reuters 2021-04-07 12:16:37

Top economic policymakers from the Group of Seven (G7) industrialised countries talked on Tuesday about how they will reform their economies to achieve their net zero emissions targets, this year&rsqu...

US job openings jump to two-year high

US job openings jump to two-year high

Reuters 2021-04-07 09:55:49

US job openings rose to a two-year high in February while hiring picked up as strengthening domestic demand amid increased Covid-19 vaccinations and additional pandemic aid from the government boost c...

Finance minister Kamal seeks $500m WB budgetary support

Finance minister Kamal seeks $500m WB budgetary support

-- 2021-04-07 08:45:45

Finance Minister AHM Mustafa Kamal has sought US$500 million as budgetary support from the World Bank to face the impacts of Covid-19 pandemic. The minister made the call on Monday night at a virtual...

Exports rise 12.59pc in March

Exports rise 12.59pc in March

FE REPORT 2021-04-07 08:35:08

The country's export earnings in March 2021 posted a 12.59 per cent growth to US$3.07 billion over that of the corresponding month of 2020, when Bangladesh fetched $2.73 billion in March last year. T...

Customs bond authorities fear abuse by BIN-locked firms

Customs bond authorities fear abuse by BIN-locked firms

DOULOT AKTER MALA 2021-04-07 08:18:11

The customs bond authority has suspended some 700 bond licences of export-oriented units in recent times. The suspension was put into effect after detecting irregularities of various types, one being...

IMF upgrades global growth forecast to 6.0pc in 2021

IMF upgrades global growth forecast to 6.0pc in 2021

XINHUA 2021-04-06 22:48:26

The International Monetary Fund (IMF) on Tuesday projected that the global economy will grow by 6.0 per cent in 2021, 0.5 percentage point above the January forecast, according to the latest World Eco...

G20 leaders to discuss on policies to prevent virus-battered economies

G20 leaders to discuss on policies to prevent virus-battered economies

-- 2021-04-06 16:39:37

The world’s financial leaders will discuss on Wednesday how to coordinate policies to prevent their virus-battered economies emerging from recession at highly different speeds, officials said ah...

Covid surge in Bangladesh clouds quarter-4 revenue collection

Covid surge in Bangladesh clouds quarter-4 revenue collection

DOULOT AKTER MALA 2021-04-06 08:12:00

The government's tax revenue collection efforts, economists have feared, might face a setback in the final quarter (April-June) of the current fiscal year (FY) because of the latest lockdown. The gov...

Banks, financial institutions asked to prepare business continuity plan to face any crisis

Banks, financial institutions asked to prepare business continuity plan to face any crisis

FE REPORT 2021-04-05 10:15:12

Banks and other financial institutions (FIs) have been asked to prepare a business continuity plan (BCP) to deal with any crisis in the coming days. BCP is defined as the capability of an organisatio...

Dhaka receives big budgetary supports from overseas aid in Jul-Feb

Dhaka receives big budgetary supports from overseas aid in Jul-Feb

FHM HUMAYAN KABIR 2021-04-05 08:53:32

The country received 6.62 per cent higher foreign assistance in the first eight months of the current fiscal year (FY2020-21) as compared to the corresponding period of the previous FY, officials sa...

‘Commercial judicial system needs major reforms to do better in EODB index’

‘Commercial judicial system needs major reforms to do better in EODB index’

FE ONLINE REPORT 2021-04-03 19:26:48

In order to do better in the ease of doing business (EODB) index, Bangladesh needs to reform commercial law, improve land border facilities and more efficient banking system, said discussants and stak...

Number of Japanese firms in Bangladesh increases four times in 10 years

Number of Japanese firms in Bangladesh increases four times in 10 years

-- 2021-04-03 17:22:15

The number of Japanese companies operating in Bangladesh has increased around four times in 10 years as the government ensured better business climate for the foreign investors in the country. Accord...

FTA studies galore, but no deal yet for Bangladesh

FTA studies galore, but no deal yet for Bangladesh

SYFUL ISLAM 2021-04-03 12:39:43

Bangladesh examined the viability of striking free trade agreements (FTAs) with nearly two and a half dozen countries in the last decade, but it did not sign a single deal. Officials concerned have a...

Central bank to support SMEs build resilience

Central bank to support SMEs build resilience

-- 2021-04-02 22:49:22

Bangladesh Bank (BB) will provide a total of Tk 600 billion financing to Small and Medium Enterprises (SMEs) by 2023 to ensure economic resilience that will enhance GDP, employment, and inclusive deve...

Bangladesh's remittance earnings rise 35pc in July-March

Bangladesh's remittance earnings rise 35pc in July-March

FE REPORT 2021-04-02 10:54:23

Remittance inflow saw some 35 per cent growth during the July-March period of the current fiscal year (FY), 2020-21, compared to the same period a year back. During the first nine months of current F...

Suez Canal must upgrade quickly to avoid future disruption, experts say

Suez Canal must upgrade quickly to avoid future disruption, experts say

Reuters 2021-04-02 10:25:53

Egypt’s Suez Canal must move quickly to upgrade its technical infrastructure if it is to avoid future shipping disruption, shipping industry sources said, as the major trade route tries to bounc...

US private payrolls post biggest gain in six months

US private payrolls post biggest gain in six months

-- 2021-04-01 09:16:18

US private employers hired the most workers in six months in March as more Americans got vaccinated against COVID-19, pushing the economy towards a broader reopening, which is expected to unleash a st...

We will suffer if pandemic affects global market, says finance minister

We will suffer if pandemic affects global market, says finance minister

-- 2021-03-31 20:00:25

Finance Minister AHM Mustafa Kamal has said Bangladesh’s economy will face sufferings if the coronavirus pandemic hugely affects the global market. The minister also expressed his hope that loc...

Bangladesh may see 7.20pc growth in current fiscal, says ESCAP

Bangladesh may see 7.20pc growth in current fiscal, says ESCAP

FE Online Report 2021-03-31 18:03:30

Bangladesh economy may rebound robustly in the current fiscal year (FY21) as the gross domestic product (GDP) is likely to post 7.20 per cent growth. Economic and Social Survey of Asia and the Pacifi...

Bangladesh’s GDP to increase by 3.6pc in current fiscal, World Bank says

Bangladesh’s GDP to increase by 3.6pc in current fiscal, World Bank says

-- 2021-03-31 16:13:30

Prospects of an economic rebound in South Asia are firming up as growth is set to increase by 7.2 per cent in 2021 and 4.4 per cent in 2022, climbing from historic lows in 2020 and putting the region...

Bangladesh Bank frames policy on startup financing

Bangladesh Bank frames policy on startup financing

FE REPORT 2021-03-31 08:50:32

The Bangladesh Bank (BB) has formulated a policy relating to the disbursement of funds worth Tk 5.0 billion for startups. The disbursement of funds to the startup clients will be made collateral-fr...

Saudi private sector to invest $1.3tn in diversification by 2030

Saudi private sector to invest $1.3tn in diversification by 2030

-- 2021-03-31 08:29:37

Saudi Arabia’s crown prince said oil firm Aramco and petrochemical firm SABIC would lead investments of 5 trillion riyals ($1.3 trillion) by the local private sector by 2030 under a programme an...

Asia, Pacific must avoid K-shaped recovery, says UN report

Asia, Pacific must avoid K-shaped recovery, says UN report

-- 2021-03-30 18:18:33

The Asia-Pacific region needs large, yet attainable, investments in resilience to protect development gains amid a fragile and inequitable post-COVID-19 economic recovery, says a UN report released on...