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The Financial Express

Search results for: economy

‘Black money’ goes against fairness, economic principles

‘Black money’ goes against fairness, economic principles

FE REPORT 2021-05-10 11:20:33

Business leaders and academicians on Sunday said that legalising undisclosed income or black money is against economic principles as well as politically detrimental to the country's citizens and fair...

Experts discuss economic challenges during second wave of Covid-19

Experts discuss economic challenges during second wave of Covid-19

-- 2021-05-09 22:08:25

ICSA Bangladesh, a non-profit service organisation, arranged its 20th session titled ‘Economic Challenges in the second wave of Covid-19: Bangladesh perspective’ on May 06, according to a...

ADB identifies customs key areas as obstacles to better service delivery

ADB identifies customs key areas as obstacles to better service delivery

DOULOT AKTER MALA 2021-05-09 10:03:11

The Asian Development Bank (ADB) has pointed out some key areas where customs crucially need to develop its capacities for trade facilitation. The areas include customs classification of goods, valua...

Experts for higher primary healthcare allocation in next budget

Experts for higher primary healthcare allocation in next budget

FE REPORT 2021-05-09 09:47:10

Experts on Saturday called on the government to raise the budgetary allocation for primary healthcare in a bid to cover the majority population in the country. Sustained investment in primary heal...

Crisis looms over Banarasi Palli

Crisis looms over Banarasi Palli

-- 2021-05-08 18:47:37

Dhaka’s markets are bustling with Eid shoppers who intriguingly ignore contagion fears and defy lockdown rules, but the Banarasi Palli is having none of it. The coronavirus crisis is having a d...

Bangladesh framing India-like rules to administer tariff preferences

Bangladesh framing India-like rules to administer tariff preferences

SYFUL ISLAM 2021-05-08 09:18:39

Bangladesh is enacting new customs rules to administer all the tariff preferences given under various bilateral, regional and multilateral pacts, officials have said. The new rules being framed by th...

Protect consumption, promote employment in next budget, Debapriya says

Protect consumption, promote employment in next budget, Debapriya says

UNB 2021-05-07 17:53:09

The government should prioritise consumption protection and employment promotion in the upcoming national budget amid the Covid-19 pandemic, said renowned economist and public policy analyst Dr Debapr...

China posts rapid trade growth in April

China posts rapid trade growth in April

Reuters 2021-05-07 12:08:45

China extended its impressive trade performance in April, with exports unexpectedly accelerating and import growth hitting a decade high, in a boost to the world's second-largest economy. A brisk US...

Some businesses using invalid, old BINs to evade VAT

Some businesses using invalid, old BINs to evade VAT

FE REPORT 2021-05-07 10:12:34

The revenue board has identified irregularities in using VAT registration number for export-import and other business activities. The National Board of Revenue (NBR) has found that the old invalid Bu...

Central bank issues guideline on MFS trust fund

Central bank issues guideline on MFS trust fund

FE REPORT 2021-05-07 10:07:40

The central bank on Thursday issued a guideline for trust fund management in payment and settlement services for mobile financial services (MFS), payment service provider (PSP) and payment system oper...

Insurance association demands withdrawal of 15pc VAT

Insurance association demands withdrawal of 15pc VAT

FE REPORT 2021-05-07 09:48:33

The Bangladesh Insurance Association (BIA) has demanded withdrawal of 15-per cent value-added tax (VAT) on reinsurance commission in the 2021-22 fiscal budget. Addressing a virtual press conference o...

Guarantee of public benefit sought for tax cut for telecom operators

Guarantee of public benefit sought for tax cut for telecom operators

FE REPORT 2021-05-07 09:45:12

The government's top brass wants guarantee from telecoms operators that the people of the republic benefit from the tax rate if reduced. It is true that tax rate on telecommunications is high and the...

Stakeholders want budgetary support for startups

Stakeholders want budgetary support for startups

FE Report 2021-05-07 09:39:52

Speakers at a discussion on Thursday recommended providing budgetary and policy supports to the startups for enhancing their rapid growth in the post-Covid period. "The startups can play a proactive...

Bangladesh's imports from ACU nations rise by 23pc

Bangladesh's imports from ACU nations rise by 23pc

Siddique Islam 2021-05-07 09:28:50

Imports from the Asian Clearing Union (ACU) member countries increased by more than 23 per cent in the March-April period of this calendar year, officials said. The amount of ACU payment rose to US$1...

Coronavirus hurts Bangladesh's apparel exports to US

Coronavirus hurts Bangladesh's apparel exports to US

MONIRA MUNNI 2021-05-07 09:20:35

Bangladesh's apparel exports to the US sustained a negative growth of over 8.0 per cent during the first quarter of 2021 year-on-year, showing a much slower recovery compared to China and Vietnam. US...

Over 60pc Bangladeshis lost jobs to Covid in March-April 2020: Survey

Over 60pc Bangladeshis lost jobs to Covid in March-April 2020: Survey

FE Report 2021-05-06 09:34:36

A survey found that 61.57 per cent people had lost their jobs in March and April last year, due to adverse economic impact of the Covid-19 lockdown. Only 15 per cent of these people returned to their...

Tk 6.0-trillion budget to be placed in parliament on June 3

Tk 6.0-trillion budget to be placed in parliament on June 3

FE REPORT 2021-05-06 09:21:20

The government is expected to place a Tk. 6.0 trillion national budget for the fiscal year (FY2021-22) in parliament on June 03 next, people familiar with the development said on Wednesday. They said...

Bangladesh to prepare action plan on post-LDC challenges within a month

Bangladesh to prepare action plan on post-LDC challenges within a month

-- 2021-05-05 22:07:21

Bangladesh is going to prepare an action plan within one month to tackle the possible challenges of Bangladesh’s graduation from the status of a least developed country (LDC) after sorting out t...

Indonesia economy shrinks 0.74pc in first quarter

Indonesia economy shrinks 0.74pc in first quarter

-- 2021-05-05 14:15:45

Indonesia’s economy shrank for the fourth straight quarter in January-March but at a much more modest pace, statistics bureau data showed on Wednesday. Southeast Asia’s largest economy co...

Economists, business leaders call for framing virus-centric budget

Economists, business leaders call for framing virus-centric budget

FE REPORT 2021-05-05 09:33:34

Economists and business leaders on Tuesday unequivocally criticised the existing budgetary provision for legalising 'black money' and said the opportunity is biased against the honest taxpayers. They...

NBR to settle 30,000 'short shipments' thru' Asycuda

NBR to settle 30,000 'short shipments' thru' Asycuda

DOULOT AKTER MALA 2021-05-04 10:14:51

The National Board of Revenue (NBR) has decided to settle some 30,000 export shipments using Asycuda system following difficulties of the exporters concerned to avail cash incentives from the central...

India disburses only 12pc of pledged credit so far

India disburses only 12pc of pledged credit so far

FHM HUMAYAN KABIR 2021-05-04 10:10:50

India has disbursed only US$895 million worth of assistance in last one decade against its commitment of $7.50 billion worth of three lines of credit (LoCs) during the period, officials said on Friday...

Bangladesh's foreign exchange reserve crosses $45b mark

Bangladesh's foreign exchange reserve crosses $45b mark

SIDDIQUE ISLAM 2021-05-04 09:55:44

Bangladesh's foreign exchange (forex) reserve crossed US$45 billion-mark for the first time on Monday following lower import payment obligations and higher growth of inward remittance, officials said....

Corn crop brings prosperity in northern region

Corn crop brings prosperity in northern region

THOMSON REUTERS FOUNDATION 2021-05-03 15:25:10

The people of Shaniazan union, in northern Bangladesh, still remember when a river burst its banks in the early 1990s and engulfed their homes, leaving the land too sandy to grow traditional rice and...

One in two people globally lost income due to Covid-19: Survey

One in two people globally lost income due to Covid-19: Survey

Reuters 2021-05-03 11:55:12

One in two people worldwide saw their earnings drop due to the coronavirus, with people in low-income countries particularly hard hit by job losses or cuts to their working hours, research showed on M...

Indian industry body urges curbs to economic activity to save lives

Indian industry body urges curbs to economic activity to save lives

Reuters 2021-05-03 10:56:57

A leading Indian industry body urged authorities to take the “strongest national steps” and to curtail economic activity to save lives on Sunday as the country battles surging coronavirus...

Remittance rules relaxed for e-CAB members

Remittance rules relaxed for e-CAB members

-- 2021-05-03 09:34:55

The central bank has allowed banks to provide remittance facilities to the e-commerce platforms for facilitating their activities in Bangladesh, officials said. All authorized dealer (AD) banks are n...

Bangladesh's business confidence shattered by Covid surge: Survey

Bangladesh's business confidence shattered by Covid surge: Survey

-- 2021-05-03 09:14:01

Industries are again worried about their future as business activities have slowed down in the second quarter of 2021 following a strong resurgence of the Covid-19, according to a survey. As per the...

68pc of businesses yet to receive any stimulus, says SANEM

68pc of businesses yet to receive any stimulus, says SANEM

UNB 2021-05-02 22:38:11

Insufficient allocation, lengthy procedure, difficulty in bank-related services, and lack of information about the procedure left 68 per cent of businesses unable to avail the government's stimulus pa...

Export earnings reach $3.13b in April

Export earnings reach $3.13b in April

FE Online Report 2021-05-02 20:50:45

The single month export earnings in April, 2021 grew by over 500 per cent to $3.13 billion mainly due to reopening of major importing countries’ economies that helped the recovery of readymade...