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The Financial Express

Search results for: economy

India's Modi announces $266 billion coronavirus package

Reuters May 13, 2020 11:03:54

Indian Prime Minister Narendra Modi said on Tuesday that the government would provide 20 trillion rupees ($266 billion) in fiscal and monetary measures to support an economy battered by a sweeping...

BB guideline on lending eases for CMSME sector

FE REPORT May 13, 2020 09:16:25

Banks are allowed to provide loans without maintaining internal credit risk rating system (ICRRS) to the cottage, micro, small and medium enterprise (CMSME) sector under the Tk 200-billion stimulus pa...

BSCIC urges 7 banks to give loans to salt farmers

-- May 12, 2020 20:01:30

Bangladesh Small and Cottage Industries Corporation (BSCIC) has urged seven banks in Cox’s Bazar to provide loans to salt farmers at 4 per cent interest with rebate facility. The banks are: Son...

‘64pc children say their families facing serious food crisis’

-- May 12, 2020 19:30:50

A survey by Save the Children in Bangladesh shows that 64 per cent of children from marginalised groups and their families are currently facing serious food crisis amid the coronavirus shutdown. Data...

Planning Commission finalises ADP of Tk 2.05t

-- May 12, 2020 18:08:07

The Planning Commission on Monday finalised the annual development programme (ADP) involving Tk 2.051 trillion for the next 2020-21 fiscal year. The ADP draft got the approval from the extended meeti...

BSRM Group helps the helpless

FE Online Desk May 12, 2020 16:52:01

Recently, BSRM Group Employees contributed their one day salary to the Group’s fund raising program to help the helpless during the pandemic. The amount was distributed in three phases. Mr. Mah...

foodpanda introduces insurance for their riders                    

FE Online Desk May 12, 2020 16:28:15

The food delivery platform, foodpanda has taken yet another initiative to help people, especially daily wagers, fight the economic distress caused by lockdowns all across the country. In its newest...

Coca-Cola resumes manufacturing facility in Mymensingh

FE Online Desk May 12, 2020 16:21:25

Coca-Cola has resumed its manufacturing facility at International Beverages Private Limited (IBPL) in Mymensingh.  The operations began after successful inspection and appraisal by the Government...

Malaysia's industrial output index in March falls 4.9 pc

-- May 12, 2020 15:32:43

Malaysia's Industrial Production Index (IPI) decreased 4.9 per cent year on year in March, as all sectors registered negative growths, official data showed Tuesday. According to Malaysian Statistics...

Govt releases Tk 4.0-billion cash incentive for exporters

FE Online Report May 12, 2020 13:12:29

The government has released its fourth installment of cash incentive amounting to Tk 4.0 billion for disbursement among exporters for the fiscal year (FY) 2019-20. The money will be distributed for t...

MoF releases Tk 12.5b for cash support programme

FE REPORT May 12, 2020 10:19:59

The ministry of finance (MoF) released on Monday Tk 12.50 billion to provide cash support for five million poor families affected by the coronavirus pandemic. The beneficiaries will receive Tk 2,500...

Big taxpayers targeted to beat shortfall

Doulot Akter Mala May 12, 2020 09:29:45

The National Board of Revenue, or NBR, will step up its focus on large taxpayers until June of the current fiscal year after it has found VAT collection slipped by nearly 40 per cent last month. The...

Unilever's jt initiative to combat Covid-19

FE Online Desk May 11, 2020 17:41:06

Unilever Bangladesh with Bangladesh Red Crescent Society and 2030 Water Resources group are collaborating to prevent the spread of COVID-19 at Deputy Commissioner’s (DC) offices in 64 districts...

For central banks, hope for precision fades amid pandemic uncertainty

REUTERS May 11, 2020 11:32:58

Central bankers who have spent a generation researching how their words influence the economy and honing the craft of “forward guidance” are now effectively tongue-tied by a health crisis...

Vietnam's growth to slow to 2.7pc this year: IMF

Reuters May 11, 2020 11:19:13

Vietnam’s economic growth is seen slowing down to 2.7 per cent this year due to the coronavirus pandemic, but may pick up to 7.0per cent next year, the International Monetary Fund (IMF) has said...

BUILD suggests reprioritising ADP: Delay execution of non-priority projects

Doulot Akter Mala May 11, 2020 10:38:58

A public-private forum has suggested the deferment of 12 "non-priority" government development projects worth Tk 2.50 billion, considering the fast-spreading virus situation. The Business Initiative...

BB waives risk rating provision for biggies

Siddique Islam May 11, 2020 10:15:11

The banks will not have to follow the internal credit risk rating system (ICRRS) while providing loans to large industries and services companies under the Tk 300 billion stimulus package announced...

Post-COVID economic recovery depends on mgt quality: ADB

FHM Humayan Kabir May 11, 2020 09:53:50

Bangladesh's quick economic recovery from the COVID-19 depends on the length of the shutdown, and quality of the pandemic management measures, a senior Asian Development Bank official says. "The pe...

Nestlé Bangladesh stands by the distressed people

FE Online Desk May 11, 2020 00:19:01

In this unprecedented difficult time, Nestlé Bangladesh Limited stands by the distressed people and donated nutritious Nestlé food products to Prime Minister’s Relief & Welfare...

NBR formulating strategy considering pandemic to achieve target

-- May 10, 2020 21:46:18

The National Board of Revenue (NBR) on Sunday asked its field offices to formulate a strategy keeping the present condition in mind and expedite the collection of Value Added Tax (VAT) and thus achiev...

Loan defaulters can apply for stimulus package: BB

-- May 10, 2020 21:16:58

Bangladesh Bank (BB) has eased restrictions on clearing funds from the Tk 300 billion coronavirus stimulus package for industrial sectors allowing the loan defaulters to apply for the incentives. The...

64 officers to monitor agricultural activities across BD

-- May 10, 2020 16:33:44

The government has assigned an officer in each of Bangladesh's 64 districts to supervise agricultural activities with the aim of ensuring food security amid a rampant coronavirus outbreak in the count...

FY ’21 budget: CPD favours external funding to meet gap

FE REPORT May 10, 2020 09:56:50

The government should try to secure external financing to meet its budget gap for fiscal year 2020-21, said the Centre for Policy Dialogue, or CPD, on Saturday. "It is critically important to give he...

Waiver of container storage fees not to continue after May 16

-- May 09, 2020 19:58:39

The waiver of container storage fees at Chattogram Port Authority (CPA) yard would not be extended after May 16, CPA chairman Commodore Abul Kalam Azad has said. Following the demand of different bus...

CPD recommends increasing tax-free income threshold

-- May 09, 2020 18:23:07

The Centre for Policy Dialogue (CPD) has recommended to increase the tax-free income threshold level from Tk 250,000 to Tk 350,000 and not keeping the provision of black money whitening facility in th...

Aarong to reopen selected outlets with special health safety measures Sunday

FE Online Desk May 09, 2020 17:37:23

  A selected number of Aarong outlets are scheduled to reopen on Sunday (10 May), following the approval by the government for shops and markets to resume business after a shutdown lasting for o...

IMF's Georgieva downbeat on global economic forecast

REUTERS May 09, 2020 10:00:38

The head of the International Monetary Fund on Friday signaled a possible downward revision of global economic forecasts, and warned the United States and China against rekindling a trade war that cou...

Low debt distress makes BD less vulnerable: IIF

JASIM UDDIN HAROON May 09, 2020 09:22:09

Bangladesh is less vulnerable to the COVID-19 pandemic as its debt-related risks are in a safe zone. The Washington-based IIF reached the conclusion while analysing 73 poor economies, which may need...

Grameenphone announces more initiatives and contributions to combat Covid-19

FE Online Desk May 08, 2020 16:36:33

Grameenphone announces a series of initiatives and contributions to stand by its commitment in supporting frontline health professional heroes, customers, and its retailers fighting the on-ground COVI...

Top US, China trade officials agree to strengthen cooperation

-- May 08, 2020 15:56:54

Top US and Chinese trade representatives discussed their Phase 1 trade deal on Friday with China saying they agreed to improve the atmosphere for its implementation and the United States saying both s...