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The Financial Express

Search results for: economy

Racial inequities cost US economy more than $50tn since 1990, researchers say

Racial inequities cost US economy more than $50tn since 1990, researchers say

-- 2021-09-09 10:51:22

Racial and ethnic inequities have cost the US economy some $51 trillion in lost output since 1990, San Francisco Federal Reserve President Mary Daly said Wednesday, citing data from a paper she and th...

US employers struggle to find workers

US employers struggle to find workers

-- 2021-09-09 08:45:27

US job openings raced to a new record high in July while layoffs rose moderately, suggesting last month's sharp slowdown in hiring was due to employers being unable to find workers rather than weak de...

101 countries depend on commodity exports

101 countries depend on commodity exports

FE ONLINE REPORT 2021-09-08 16:18:03

Commodity dependence increased from 93 countries in 2008–2009 to 101 countries in 2018–2019 over the last decade, according to the latest report of the United Nations Conference on Trade a...

Govt to provide automated services to taxpayers

Govt to provide automated services to taxpayers

-- 2021-09-08 15:38:35

The government has taken several measures to provide seamless services to the taxpayers through automation and digitalisation of Income Tax, VAT and Customs Departments under the National Board Revenu...

China sees surprising boost in exports

China sees surprising boost in exports

-- 2021-09-08 11:33:32

China's exports unexpectedly grew at a faster pace in August thanks to solid global demand, helping take some of the pressure off the world's second-biggest economy as it navigates its way through hea...

Fastest-growing e-commerce left rudderless, taxmen in a quandary over taxing virtual trade

Fastest-growing e-commerce left rudderless, taxmen in a quandary over taxing virtual trade

DOULOT AKTER MALA 2021-09-08 08:23:55

The fastest-growing e-commerce that has been carrying out trade transactions worth billions is yet to get government recognition as a business category, sources say. The e-commerce businesses do not...

Cautious rope walking wise for Bangladesh skipping any orbit, say policy researchers

Cautious rope walking wise for Bangladesh skipping any orbit, say policy researchers

FE REPORT 2021-09-07 10:17:58

Bangladesh should proactively engage with the World Trade Organisation (WTO) to redress any fallout from the emerging geopolitics-geoeconomics diarchies in aftermaths of pandemic and the country's...

Bangladesh Bank launches Tk 5b credit scheme for low-income people

Bangladesh Bank launches Tk 5b credit scheme for low-income people

FE REPORT 2021-09-06 09:16:54

The Bangladesh Bank (BB) launched a Tk 5.0-billion re-financing scheme on Sunday to help mitigate adverse impact of the Covid-19 pandemic on the marginal/landless farmers, low-income groups, school...

Tax waivers erodes 8.0pc of Bangladesh's tax-GDP ratio

Tax waivers erodes 8.0pc of Bangladesh's tax-GDP ratio

FE REPORT 2021-09-06 09:09:46

Tax exemptions are eroding 8.0 per cent from Bangladesh's tax-GDP ratio, but the government's revenue authority says it is necessary to spur economic growth. Bangladesh's tax-GDP ratio is one of th...

UAE announces plans to attract $150b FDI, foreign workers

UAE announces plans to attract $150b FDI, foreign workers

-- 2021-09-06 09:06:23

The United Arab Emirates plans to launch 50 new economic initiatives to boost the country's competitiveness and attract 550 billion dirhams ($150 billion) in foreign direct investment in the next nine...

FT starts financial literacy campaign

FT starts financial literacy campaign

FE ONLINE DESK 2021-09-05 13:42:04

Financial Times (FT), the leading economic and financial daily across the world, starts its ‘bold new charitable initiative’ on financial literacy.  The FT Financial Literacy and Inc...

Rats, drought, labour shortages during pandemic eat into edible oil recovery

Rats, drought, labour shortages during pandemic eat into edible oil recovery

-- 2021-09-05 10:56:34

In a sprawling oil palm plantation in the Malaysian state of Perak, watermelon seedlings are sprouting from freshly ploughed earth between palm saplings while rented cows graze in overgrown areas of t...

Call for inclusive growth, attention to environment

Call for inclusive growth, attention to environment

FE REPORT 2021-09-05 08:40:08

The prevailing Covid-19 pandemic has created new challenges like the rise of new poor and vulnerability of marginalised businesses for Bangladesh towards achieving sustainable development goals (SDG...

Revenue board plugs hole to stop VAT evasion

Revenue board plugs hole to stop VAT evasion

DOULOT AKTER MALA 2021-09-05 08:30:19

Government's revenue authority has issued new directives to check VAT evasion and also simplify the process of business operations of cigarette companies, who, nevertheless, pay a king's ransom to t...

Corporate debts may get costlier in Bangladesh

Corporate debts may get costlier in Bangladesh

JASIM UDDIN HAROON 2021-09-05 08:15:52

Bangladesh's private corporate organisations may feel economic pressures from a blowback as the US Fed prepares to squeeze its spendthrift pandemic supports in a corrective action likely to cause 'tap...

Dhaka to start feasibility study on PTA or FTA with Singapore

Dhaka to start feasibility study on PTA or FTA with Singapore

FE REPORT 2021-09-04 10:42:24

Dhaka has started the process to conduct a feasibility study on signing either a PTA or FTA with Singapore, aiming to further strengthen economic and trade ties with the Southeast Asian country, off...

Bangladesh's all but two fast-track projects miss deadlines

Bangladesh's all but two fast-track projects miss deadlines

FHM HUMAYAN KABIR 2021-09-04 09:27:16

All the fast-track projects in Bangladesh, save two, missed execution deadlines to entail massive cost escalation, insiders said. The Padma Bridge, its rail link, Rampal power plant, Pyra seaport d...

Central bank endorses BDRAL as full-fledged credit rating agency

Central bank endorses BDRAL as full-fledged credit rating agency

FE REPORT 2021-09-03 09:36:22

The Bangladesh Bank (BB) recognised Bangladesh Rating Agency Limited (BDRAL) as a full-fledged credit rating agency (CRA) on Thursday. BDRAL earlier used to rate only SMEs (small and medium enterpr...

Longer lifespan, nuclear family need new pension system

Longer lifespan, nuclear family need new pension system

FE REPORT 2021-09-03 09:05:45

Longer life expectancy, coupled with the gradual disappearance of the extended family system, makes it imperative for Bangladesh to design a robust pension system to avoid impoverishment in old age...

Bangladesh's exports fall 7.84pc short of July-August target

Bangladesh's exports fall 7.84pc short of July-August target

FE REPORT 2021-09-03 08:31:22

The country's earnings from merchandise exports fell short of the strategic target by 7.84 per cent to reach $6.85 billion in the July-August period this fiscal. Total export receipts in the first...

Banks' capital base bends under weight of non-performing loans

Banks' capital base bends under weight of non-performing loans

SIDDIQUE ISLAM 2021-09-03 08:19:45

Banks' capital base somewhat weakened in the first half of the current calendar year mainly under the weight of rising non-performing loans (NPLs), officials said. Strengths of the banking industry...

Trade gap crosses $1.0 billion in July

Trade gap crosses $1.0 billion in July

FE ONLINE REPORT 2021-09-02 15:17:21

Country’s trade gap with the rest of the world crossed $1.0 billion in a single month, July, this year, which is, to be precise, the first month of the current fiscal year (FY22). The latest st...

Bangladesh joins New Development Bank as its member

Bangladesh joins New Development Bank as its member

FE ONLINE REPORT 2021-09-02 12:55:37

The New Development Bank (NDB), established by BRICS (Brazil, Russia, India, China and South Africa) in 2015, has approved Bangladesh as a new member. The NDB Board of Governors took this decision in...

Taliban wrestle with Afghan economy

Taliban wrestle with Afghan economy

REUTERS 2021-09-02 10:07:35

Afghanistan's new Taliban rulers struggled to keep the country functioning on Wednesday after the final withdrawal of US forces, with foreign donors alarmed about an impending humanitarian crisis, Reu...

Remittance inflow into Bangladesh falls in July-August

Remittance inflow into Bangladesh falls in July-August

FE REPORT 2021-09-02 08:52:20

The flow of inward remittances fell more than 19 per cent during July-August period of this fiscal year over the corresponding first two months of the past FY, according to official statistics, main...

Over 4.0b people still lack any social protection, ILO report finds

Over 4.0b people still lack any social protection, ILO report finds

FE ONLINE DESK 2021-09-01 18:28:49

Despite the unprecedented expansion of social protection during the COVID-19 crisis, more than 4.0 billion people around the world remain entirely unprotected, a new International Labour Organization...

Surging Covid-19 cases dampen US consumer confidence

Surging Covid-19 cases dampen US consumer confidence

-- 2021-09-01 11:12:42

US consumer confidence fell to a six-month low in August as worries about soaring Covid-19 infections and higher inflation dimmed the outlook for the economy. The survey from the Conference Board on...

Indian growth jumps in April-June

Indian growth jumps in April-June

-- 2021-09-01 09:56:19

India's economy rebounded in the April-June quarter even while a devastating second wave of Covid-19 swept the country, with growth of over 20 per cent compared to a year earlier driven by a surge in...

SL declares economic emergency to contain food prices amid forex crisis

SL declares economic emergency to contain food prices amid forex crisis

-- 2021-09-01 09:10:10

Sri Lanka has declared an economic emergency empowering the authorities to seize stocks of staple foods and set their prices, to contain soaring inflation after a steep devaluation of its currency due...

Indian economy grows by 20.1pc, raising hopes of recovery

Indian economy grows by 20.1pc, raising hopes of recovery

-- 2021-08-31 20:32:53

India's economy grew by 20.1 per cent in the April-June quarter from the same period a year earlier, when it suffered a record contraction, the government announced Tuesday, raising hopes of an econom...