Loading...
The Financial Express
Swasti Lankabangla Swasti Lankabangla

Search results for: economy

Govt endorses seven projects worth Tk 30.75b

Govt endorses seven projects worth Tk 30.75b

FE Online Report 2020-07-28 15:56:57

The government on Tuesday in Dhaka endorsed seven development projects at a combine cost of Tk 30.75 billion. Presided over by the Prime Minister Sheikh Hasina, the Executive Committee of the Nationa...

China's economy seen growing 2.2 per cent in 2020

China's economy seen growing 2.2 per cent in 2020

REUTERS 2020-07-28 13:46:31

China’s economy is expected to recover steadily in the rest of the year, boosted by stimulus measures to reverse the damage from the coronavirus crisis, but weak global demand and rising Sino-US...

UN chief calls for efforts to build sustainable cities amid pandemic

UN chief calls for efforts to build sustainable cities amid pandemic

-- 2020-07-28 12:51:00

UN Secretary-General Antonio Guterres on Tuesday called for efforts to build sustainable cities amid the Covid-19 pandemic. In a video message for the launch of his policy brief on Covid-19 and citie...

NBR to introduce automated challan from mid-August

NBR to introduce automated challan from mid-August

DOULOT AKTER MALA 2020-07-28 09:57:11

The National Board of Revenue (NBR) is set to launch an automated challan system for income taxpayers from mid-August in a bid to check submission of fake challan. The NBR and Finance Division will j...

BB releases monetary policy tomorrow

BB releases monetary policy tomorrow

SIDDIQUE ISLAM 2020-07-28 09:38:58

The central bank unveils its monetary policy for this fiscal year tomorrow (Wednesday) aiming to help revamp the economic activities through the implementation of stimulus packages. Bangladesh Bank w...

Post-Covid business: Govt updating laws to snare foreign investors

Post-Covid business: Govt updating laws to snare foreign investors

SYFUL ISLAM 2020-07-28 09:29:52

The government is streamlining five laws as part of its efforts to attract foreign direct investment or FDI, which may shift in the post-pandemic era, officials have said. The laws are the Foreign Ex...

Japan to dispense $1.0b in budget aid

Japan to dispense $1.0b in budget aid

FHM Humayan Kabir 2020-07-28 09:17:53

Bangladesh for the first time is expected to secure US$1.0 billion worth of budget support from Japan next week. The support would help the government weather the impact of the COVID-19 on the econom...

Euro zone economy not yet out of danger from Covid-19: ECB's Panetta

Euro zone economy not yet out of danger from Covid-19: ECB's Panetta

-- 2020-07-27 13:50:34

The danger to the euro zone economy from the coronavirus (Covid-19) pandemic is not yet over, European Central Bank board member Fabio Panetta told La Repubblica, adding that he saw no need to make an...

Transshipment with neighbours: NBR readies procedures

Transshipment with neighbours: NBR readies procedures

DOULOTAKTER MALA and SYFUL ISLAM 2020-07-27 09:22:48

Bangladesh is set to work out a comprehensive procedure to conduct transshipment of goods with India, Nepal and Bhutan on three routes -- sea, land and air. Following the recent kick-off of the Indo-...

Uncertain policy deters FDI, experts tell virtual dialogue

Uncertain policy deters FDI, experts tell virtual dialogue

FE REPORT 2020-07-26 10:12:20

Speakers at a dialogue have identified policy uncertainty and unpredictability as the key impediment to attracting increased foreign direct investments in the country. They said the lack of coordinat...

BR fails to prove its mettle

BR fails to prove its mettle

FHM HUMAYAN KABIR 2020-07-26 10:08:27

The Bangladesh Railway (BR) was the worst performer among the large government agencies in the last fiscal as it could spend less than 60 per cent of its total allocations, officials say. Insiders sa...

Defer graduation from LDC club to tap trade benefits

Defer graduation from LDC club to tap trade benefits

FE REPORT 2020-07-26 09:36:15

Bangladesh should defer the LDC graduation process considering the adverse impact of COVID-19 pandemic that has already turned the economy upside down, economists and business leaders said on Saturday...

BB orders banks to postpone loan recovery from flood-hit farmers

BB orders banks to postpone loan recovery from flood-hit farmers

-- 2020-07-24 18:09:58

Bangladesh Bank has ordered all banks to postpone recovery of loans from flood-hit farmers until the situation improves. The central bank has also ordered disbursement of new farm loans readjusting d...

8th Five Year Plan: COVID-19 forces govt to alter its approach

8th Five Year Plan: COVID-19 forces govt to alter its approach

-- 2020-07-24 16:56:53

The government is going to change the main macroeconomic structure of the 8th Five Year Plan to protect people amid the fast-changing scenario in Bangladesh economy due to COVID-19 crisis. The Planni...

Singapore's manufacturing output declines 6.7pc on year in June

Singapore's manufacturing output declines 6.7pc on year in June

-- 2020-07-24 12:20:35

Singapore Economic Development Board announced on Friday that the country's manufacturing output decreased 6.7 per cent year on year in June, compared to a revised 8.1 per cent decrease in May. In th...

NBR to go after VAT dodgers

NBR to go after VAT dodgers

DOULOT AKTER MALA 2020-07-24 10:24:07

The revenue board has instructed taxmen to detect the companies, which evade VAT by declaring the supply of goods to local projects to be exports. A number of big companies are taking this undue VAT...

Covid cost BD economy $21b in FY'20

Covid cost BD economy $21b in FY'20

FE REPORT 2020-07-24 09:22:34

The Covid-19 losses for Bangladesh's economy might have reached between US$9.0 billion and US$21 billion in the just-concluded fiscal year, an economist said on Thursday. However, the country can off...

Economy to bounce back at year's end: Commerce minister

Economy to bounce back at year's end: Commerce minister

-- 2020-07-23 15:26:15

Commerce minister Tipu Munshi on Thursday hoped that the economy of the country will bounce back at the end of the year as some export products start seeing good demand in the global market amid the C...

100m people likely to enter extreme poverty globally in 2020: UN

100m people likely to enter extreme poverty globally in 2020: UN

UNB 2020-07-23 12:14:47

UN deputy chief Amina Mohammed has said as many as 100 million people are expected to be pushed back into extreme poverty in 2020, the first rise in global poverty since 1998. “We need all hand...

South Korea enters recession as exports plunge by most since 1963

South Korea enters recession as exports plunge by most since 1963

-- 2020-07-23 10:39:09

South Korea plunged into recession in the second quarter in its worst economic decline in more than two decades as the coronavirus pandemic battered exports and social distancing curbs paralysed facto...

Tk 300b sought for int'l standard hotels

Tk 300b sought for int'l standard hotels

FE REPORT 2020-07-23 10:01:52

Bangladesh International Hotel Association (BIHA) on Wednesday placed a six-point suggestion including allocation of Tk 300 billion under the government-announced incentive package for providing loans...

Fish production increases by 50pc in 11 years: PM

Fish production increases by 50pc in 11 years: PM

-- 2020-07-22 17:59:56

Prime Minister Sheikh Hasina on Wednesday said fish production in the country has increased by more than 50 per cent in the last 11 years. Citing latest report of the Food and Agriculture Organisatio...

BB sets Tk 262.92b farm credit target for FY’21

BB sets Tk 262.92b farm credit target for FY’21

FE Online Report 2020-07-22 17:16:20

The central bank on Wednesday set an agriculture credit target of Tk 262.92 billion for the banks to be disbursed during the current fiscal year (FY’21). The loan was estimated to be 8.99 per c...

IMF calls for protecting women's economic opportunities

IMF calls for protecting women's economic opportunities

-- 2020-07-22 12:10:59

The International Monetary Fund (IMF) has urged the policymakers to take effective steps to limit the coronavirus pandemic's scarring effects on women. Citing that COVID-19 pandemic threatens to roll...

Four specialised tech centres in EZs soon

Four specialised tech centres in EZs soon

FE REPORT 2020-07-22 10:38:51

Commerce ministry is set to establish four specialised technology centres (TCs) in economic zones (EZs) with an eye to boosting export earnings through adopting new technologies. Under a project, it...

Tk 18.31b cash incentives for exporters

Tk 18.31b cash incentives for exporters

FE REPORT 2020-07-22 10:35:11

The government has released a sum of Tk 18.31 billion in favour of the Bangladesh Bank for the payment of cash incentives/subsidy to local exporters, officials said. It is the first instalment of c...

FY '20 revenue rises by Tk 30b on fresh data

FY '20 revenue rises by Tk 30b on fresh data

DOULOT AKTER MALA 2020-07-22 09:25:08

The revenue board has managed to collect Tk 30 billion more for the public exchequer in the last fiscal year, reducing the extent of shortfall it suffered due to the COVID-19 pandemic. The National B...

ECNEC approves six dev projects involving Tk11.37b

ECNEC approves six dev projects involving Tk11.37b

FE ONLINE REPORT 2020-07-21 16:18:11

The Executive Committee of the National Economic Council (ECNEC) on Tuesday cleared six development projects involving Tk11.37 billion. The approval came from the ECNEC meeting held at NEC Confe...

Six BSCIC directors named for supervising SME loan activities

Six BSCIC directors named for supervising SME loan activities

-- 2020-07-21 15:24:51

The BSCIC Chairman has said that they will provide necessary assistance and supervise the government’s stimulus package of Tk 200.0 billion for the Small and Medium Enterprise (SME) sector. &ld...

Maldives to lower rents for tourism industry

Maldives to lower rents for tourism industry

-- 2020-07-21 15:15:32

The Maldives' government will lower rents for lands leased for tourism-related activities in order to boost investment, local media citing Minister of Economic Development Fayyaz Ismail has said. Ism...