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The Financial Express

Search results for: economy

Bangladesh seeks strong policy, support for LDCs, graduating LDCs

Bangladesh seeks strong policy, support for LDCs, graduating LDCs

FE ONLINE REPORT 2021-08-31 18:05:41

Bangladesh urged the global communities for stronger policies, measures and new support for the LDCs as well as the graduating LDCs, said Foreign Ministry on Tuesday. Foreign Minister Abdul Momen m...

China's economy under pressure as factory activity slows in Aug

China's economy under pressure as factory activity slows in Aug

-- 2021-08-31 15:54:52

China's businesses and the broader economy came under increasing pressure in August as factory activity expanded at a slower pace while the services sector slumped into contraction, raising the likeli...

Israel will loan Palestinians money after highest-level talks in years

Israel will loan Palestinians money after highest-level talks in years

-- 2021-08-31 10:38:01

Israel will lend the cash-strapped Palestinian Authority more than $150 million after the sides held their highest-level meeting in years, Israeli officials said on Monday, while playing down prospect...

CMSMEs to get loans worth Tk 2.0b from next month

CMSMEs to get loans worth Tk 2.0b from next month

FE REPORT 2021-08-31 09:05:06

SME Foundation is set to disburse credit worth Tk 2.0 billion under the government's second phase of stimulus package from next month, aiming to help entrepreneurs sustain their ventures amid pandemic...

AIIB to review Bangladesh projects for quicker execution

AIIB to review Bangladesh projects for quicker execution

FHM HUMAYAN KABIR 2021-08-31 08:23:51

The Asian Infrastructure Investment Bank (AIIB), new-generation development financier, is set to review Bangladesh projects shortly for speeding up execution by removing bottlenecks. Officials said...

Dollar steadies near two-week lows

Dollar steadies near two-week lows

-- 2021-08-30 20:54:10

The dollar steadied near two-week lows on Monday, held back by the message from the U.S. Federal Reserve chief that there is no hurry to dial back massive stimulus. The allure of the greenback took a...

Nordic companies urged to invest in Bangladesh

Nordic companies urged to invest in Bangladesh

FE ONLINE REPORT 2021-08-30 14:32:47

Stakeholders at a virtual discussion urged the Nordic investors to take advantage of an improved business climate in Bangladesh, highlighting the reforms initiated by the government in recent times....

Sri Lanka set to get another $100m from Bangladesh under swap arrangement

Sri Lanka set to get another $100m from Bangladesh under swap arrangement

SIDDIQUE ISLAM 2021-08-30 08:32:58

Bangladesh is set to send US$100 million more to Sri Lanka today (Monday) to help the island nation in minimising foreign-exchange crunch on their economy, officials said. The fund from Bangladesh...

India attracts $22.5b in FDI in April-June 2021

India attracts $22.5b in FDI in April-June 2021

-- 2021-08-29 10:26:19

India attracted foreign direct investment (FDI) inflows of $22.53 billion during the first three months of the fiscal year starting on April 1, about 90 per cent higher than the April-June period last...

Stakeholders call for developing local market, production capacity

Stakeholders call for developing local market, production capacity

FE DESK REPORT 2021-08-29 09:25:06

Speakers at a virtual dialogue on Saturday stressed the need for developing local market and manufacturing capacity to face emerging challenges and remain competitive in the post-LDC era. They also s...

Bangladesh's business recovery hurt by 2nd wave lockdown

Bangladesh's business recovery hurt by 2nd wave lockdown

FE REPORT 2021-08-29 09:04:22

The lockdown enforced to control the second wave of coronavirus transmission has slowed down the business-recovery process in Bangladesh as 64 per cent of the firms registered poor rebound from the pa...

Safety net payout thru’ MFS eases life, improves efficiency

Safety net payout thru’ MFS eases life, improves efficiency

FE REPORT 2021-08-29 08:57:45

Digitisation of the government aid and safety net allowance disbursement is directly helping in attaining social and financial inclusion of the marginalised people across the country. This digitisa...

Bangladesh in a geopolitical juncture with promises of blue economy: Analysts

Bangladesh in a geopolitical juncture with promises of blue economy: Analysts

FE ONLINE REPORT 2021-08-28 19:40:25

In the potential hotspot of great power rivalry and amid threats of civil war in the neighbourhood, Bangladesh needs to formulate a package of policies for pursuing economic interests utilising its se...

Govt mulls a watchdog for defaulting loans

Govt mulls a watchdog for defaulting loans

-- 2021-08-28 18:59:25

The government is mulling the formation of a watchdog that would deal with the systematic problems of non-performing loans that have troubled some banks and financial institutions over the years, acco...

MCCI foresees higher export receipts, remittance inflow

MCCI foresees higher export receipts, remittance inflow

FE REPORT 2021-08-28 10:50:13

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) forecasts an upturn in export receipts, import values and inward remittance at the end of the first quarter of this fiscal. According t...

'Policy shift under way to ease global trade'

'Policy shift under way to ease global trade'

FE REPORT 2021-08-28 10:08:45

In the wake of the Covid-19 pandemic, policy changes are taking place across the world in recent times to facilitate international trade. Keeping this in mind, stakeholders, especially bankers, shoul...

Lacklustre economic indicators weaken fiscal framework

Lacklustre economic indicators weaken fiscal framework

FE REPORT 2021-08-28 10:02:47

Bangladesh's premier trade chamber, MCCI, finds some less-promising economic indicators-revenue mobilisaiton and public expenditure in particular-are weakening the country's fiscal framework. The Met...

Central bank further relaxes loan repayment policy

Central bank further relaxes loan repayment policy

Siddique Islam 2021-08-28 09:42:10

The central bank has further extended the policy relaxation regarding loan repayment to the scheduled banks by their borrowers to help recover the country's pandemic-hit economy, officials said. Unde...

Bangladesh's tax receipts from large units plummet in July

Bangladesh's tax receipts from large units plummet in July

DOULOT AKTER MALA 2021-08-28 09:41:04

Tax collection from Bangladesh's large manufacturing industries plummeted, registering a negative growth in VAT receipts in July, as a countrywide 'strict lockdown' for 18 days for checking corona tra...

ADB clears $1.78 billion in loans to improve transport, trade in Bangladesh

ADB clears $1.78 billion in loans to improve transport, trade in Bangladesh

-- 2021-08-27 14:46:33

The Asian Development Bank has approved a $1.78 billion multi-tranche financing facility (MFF) to improve mobility, road safety, and regional trade along the Dhaka–Sylhet trade corridor in Bangl...

Action plan agreed upon to speed up execution of ADB-funded projects

Action plan agreed upon to speed up execution of ADB-funded projects

FE REPORT 2021-08-27 08:55:37

The government and the Asian Development Bank (ADB), in a tripartite portfolio review meeting (TPRM) on Thursday, agreed on an action plan to further accelerate the implementation of the ADB-assiste...

Association, tax intel punish errant e-commerce companies

Association, tax intel punish errant e-commerce companies

DOULOT AKTER MALA 2021-08-27 08:43:49

A series of anomalies has finally prompted the e-commerce apex trade body to penalize their errant members, as some buyers complained being cheated and tax intelligence found VAT evasion by a few....

IMF dollop of SDR to ease Bangladesh funding unease

IMF dollop of SDR to ease Bangladesh funding unease

FE REPORT 2021-08-27 08:25:02

The allocation of Special Drawing Right (SDR), an official currency of the International Monetary Fund, will ease many challenging funding conditions for Bangladesh, some economists say about a $650...

South Korea becomes first major Asian economy to raise interest rates in pandemic-era

South Korea becomes first major Asian economy to raise interest rates in pandemic-era

-- 2021-08-26 14:45:59

South Korea has become the first major Asian economy to raise interest rates since the coronavirus pandemic began. The Bank of Korea increased its base rate of interest from a record low of 0...

Singapore factory output growth eases to 16.3pc in July

Singapore factory output growth eases to 16.3pc in July

-- 2021-08-26 13:52:29

Singapore's manufacturing output grew 16.3 per cent year on year in July, compared to the revised 28 per cent increase in the previous month, the Singapore Economic Development Board has said. Exclud...

Adoption of new tech crucial for food safety

Adoption of new tech crucial for food safety

FE REPORT 2021-08-26 08:56:05

Modernisation of supply chain and adoption of new technologies, including digital commerce and farm mechanisation, are vital for ensuring food safety and smooth distribution during different adverse s...

Banks to submit monthly VAT info of Google, Facebook, Amazon, Microsoft

Banks to submit monthly VAT info of Google, Facebook, Amazon, Microsoft

FE REPORT 2021-08-26 08:45:52

The central bank has asked scheduled banks to submit statements of value-added tax (VAT) deducted from services rendered by non-resident taxpayers such as Google, Facebook, Amazon, and Microsoft. T...

Bangladesh Bank starts money market probe to guard against asset bubble

Bangladesh Bank starts money market probe to guard against asset bubble

SIDDIQUE ISLAM 2021-08-26 08:34:41

The central bank starts investigation into entire money-market transactions along with exposures on the capital market to gauge liquidity movements in the banking system, following some already-dete...

Central bank urged not to allow direct payment into e-commerce accounts

Central bank urged not to allow direct payment into e-commerce accounts

FE REPORT 2021-08-26 08:29:37

The commerce ministry has asked the central bank to instruct commercial banks not to receive direct deposit of any payment into ‘own bank accounts’ of e-commerce platforms from the custome...

Grameen America: Microfinancing Having a Macroeconomic Impact - An Interview with Andrea Jung   

Grameen America: Microfinancing Having a Macroeconomic Impact - An Interview with Andrea Jung  

-- 2021-08-25 18:55:00

Andrea Jung is the President and CEO of Grameen America. She is the former Chairman and CEO of Avon Products, Inc., where she served as CEO from 1999 to 2012, and as Chairman from 2001 through 2012....