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The Financial Express

Search results for: economy

New alliance launched to help Bangladeshi farmers thrive

New alliance launched to help Bangladeshi farmers thrive

FE Online Report 2020-11-25 17:11:08

Farm entrepreneurswill be able operate through ‘Better Life Farming’ centres, which will provide agri-inputs, crop advisory and market linkages under one roof to smallholder farmers. Laun...

IMF chief says add’l monetary stimulus may pose risks to financial stability

IMF chief says add’l monetary stimulus may pose risks to financial stability

-- 2020-11-25 13:23:52

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has said that additional monetary stimulus may pose important risks to financial stability, urging fiscal policy to play a sign...

Bangladesh’s forex reserves cross $41b again

Bangladesh’s forex reserves cross $41b again

FE Online Report 2020-11-25 12:55:56

Bangladesh’s foreign exchange (forex) reserves crossed the US$41 billion-mark again on Wednesday following lower import payment obligations and higher growth of inward remittance. The forex res...

Non-tariff barriers may be discussed at Indo-Bangladesh talks

Non-tariff barriers may be discussed at Indo-Bangladesh talks

MIR MOSTAFIZUR RAHAMAN 2020-11-25 10:02:11

Foreign Secretary (FS) Masud Bin Momen is scheduled to visit Delhi on December 9 to join Bangladesh-India FS-level talks, which will mainly focus on the upcoming meeting between the prime ministers of...

Elon Musk overtakes Bill Gates to become world's second-richest person

Elon Musk overtakes Bill Gates to become world's second-richest person

-- 2020-11-24 19:13:03

Tesla Inc Chief Executive Officer Elon Musk has toppled Microsoft co-founder Bill Gates as the world’s second-richest person. Elon Musk overtook Facebook’s Mark Zuckerberg to become the t...

US ambassador to Bangladesh meets CEO of PPP Authority

US ambassador to Bangladesh meets CEO of PPP Authority

FE Online Report 2020-11-24 17:05:16

Earl R Millar, ambassador of the United States to Bangladesh paid a courtesy call to  Sultana Afroz, secretary to the Bangladesh government and CEO of the Public-Private Partnership Authority (PP...

Covid causes nearly 40pc decline in FDI inflow into Bangladesh

Covid causes nearly 40pc decline in FDI inflow into Bangladesh

FE Online Report 2020-11-24 15:21:03

The net inflow of foreign direct investment (FDI) in Bangladesh declined by 39 per cent in the past fiscal year (FY20) over the previous one (FY19), according to the latest statistics released by the...

Bangladesh may get $500m more WB fund for vaccine procurement

Bangladesh may get $500m more WB fund for vaccine procurement

FHM HUMAYAN KABIR 2020-11-24 09:59:31

The World Bank (WB) has assured Bangladesh of providing US$500 million worth of funds for procuring coronavirus vaccine to be to inoculated all citizens gradually, officials said on Monday. "The WB...

Recovery slower in the informal economy

Recovery slower in the informal economy

Narayan Das and Asma Tabassum 2020-11-23 16:13:50

In South Asia, three-quarters of workers depend on informal employment. The informal economy of Bangladesh constitutes of 86.2 per cent of the total employed population (aged 15 years or older) (Labou...

Sri Lanka to open $250m tire factory in 2021

Sri Lanka to open $250m tire factory in 2021

-- 2020-11-23 14:16:59

A 250-million-US-dollar tire manufacturing plant in Sri Lanka's western town of Horana is scheduled to open in January 2021, local media reported on Monday. The factory built by the Rigid Tyre Cor...

Singapore narrows 2020 GDP growth forecast to -6.5 to -6pc

Singapore narrows 2020 GDP growth forecast to -6.5 to -6pc

-- 2020-11-23 12:38:37

Singapore's Ministry of Trade and Industry (MTI) has said that it narrowed the gross domestic product (GDP) growth forecast for 2020 to "-6.5 to -6 per cent" from "-7 to -5 per cent." The ministry on...

EPB lowers service charge on exports to EU

EPB lowers service charge on exports to EU

MONIRA MUNNI 2020-11-23 10:36:41

The state-owned Export Promotion Bureau (EPB) has reduced the service charges under the registered exporter system of the European Union following the demand from apparel makers, officials say. The E...

Dhaka urges Delhi not to impose fresh NTBs, and widen trade gap

Dhaka urges Delhi not to impose fresh NTBs, and widen trade gap

SYFUL ISLAM 2020-11-23 10:04:08

Bangladesh has requested India to withdraw its new customs rules which, officials fear, may make it difficult for the former to get tariff preferences. Dhaka made the request to New Delhi after a tho...

Taiwan's manufacturing output decline again

Taiwan's manufacturing output decline again

-- 2020-11-22 15:17:54

The production value of Taiwan's manufacturing industries totaled 3.2 trillion new Taiwan dollars (about 112 billion US dollars) in the third quarter of this year, down 4.56 per cent year on year, acc...

G20 leaders vow to help poorer countries in post-Covid world

G20 leaders vow to help poorer countries in post-Covid world

-- 2020-11-22 11:24:39

Leaders of the 20 biggest economies on Saturday vowed to ensure a fair distribution of Covid-19 vaccines, drugs and tests around the world and do what was needed to support poorer countries struggling...

Extravagance with public money!

Extravagance with public money!

FHM HUMAYAN KABIR 2020-11-22 10:06:32

The Bangladesh Power Development Board (BPDB) has proposed a staggering Tk 228.52 million for some non-essentials as part of its power supply to Hatiya and three other southern islands. Under the pre...

35 companies excluded from large taxpayers' unit

35 companies excluded from large taxpayers' unit

DOULOT AKTER MALA 2020-11-22 10:00:11

The average annual VAT payment by 35 large taxpayers has remained below Tk 100 million during the last three years in a sign their financial health has deteriorated, officials said. The large taxpaye...

Development indicators need to be made inclusive, say policy thinkers   

Development indicators need to be made inclusive, say policy thinkers  

FE ONLINE REPORT   2020-11-21 23:05:00

Powerful groups in society push their own agendas to frame development indicators ignoring the commoners’ wellbeing, a panel of experts said on Saturday, calling for liberating such indicators f...

G20 leaders to discuss post-Covid recovery plan

G20 leaders to discuss post-Covid recovery plan

REUTERS 2020-11-21 13:03:33

Leaders of the 20 biggest world economies (G20) will debate this weekend how to deal with the unprecedented Covid-19 pandemic that has caused a global recession and how to manage the recovery once the...

Japan's core consumer prices falls at sharpest pace in nine years

Japan's core consumer prices falls at sharpest pace in nine years

-- 2020-11-20 15:58:56

Japan's leading gauge of inflation fell at the fastest pace in October in more than nine years, owing to a domestic tourism-boosting subsidy programme and weak energy prices amid the Covid-19 pandemic...

Bangladesh seeks greater int'l support for migrant workers

Bangladesh seeks greater int'l support for migrant workers

UNB 2020-11-20 14:58:36

Permanent Representative of Bangladesh to the United Nations Ambassador Rabab Fatima has sought greater international support for migrant workers to cope up with Covid-19 job market and beyond. S...

Trump, Xi to meet at virtual Asia Pacific forum

Trump, Xi to meet at virtual Asia Pacific forum

REUTERS 2020-11-20 11:25:48

US President Donald Trump and his Chinese counterpart Xi Jinping will attend a virtual summit of Asia Pacific leaders on Friday to discuss the coronavirus and global economic recovery, with lingering...

Taxpayers flocking to mini tax fairs

Taxpayers flocking to mini tax fairs

DOULOT AKTER MALA 2020-11-20 10:06:45

Mini-tax fairs have started gaining momentum in the tax zones across the country with only 10 days left for submission of tax returns by individual taxpayers. The deadline for submission of tax retur...

‘Economic recovery losing momentum with resurging infection rates’

‘Economic recovery losing momentum with resurging infection rates’

-- 2020-11-19 21:34:05

The global economy is recovering from the depths of the coronavirus crisis, but there are signs of slowing momentum in countries with resurging infection rates, the International Monetary Fund said in...

BB relaxes regulations for outward remittances

BB relaxes regulations for outward remittances

FE ONLINE REPORT 2020-11-19 20:33:34

The Bangladesh Bank (BB) has relaxed regulations allowing industrial enterprises to remit their 1.0 per cent of sales revenue for different legitimate current payments without prior approval from the...

Asia-Pacific leaders eye free trade with US under Biden

Asia-Pacific leaders eye free trade with US under Biden

REUTERS 2020-11-19 15:28:11

Asia-Pacific leaders called on Thursday for open and multilateral trade to support a global economy battered by the novel coronavirus, and some hoped for more engagement with the United States under a...

Dhaka-Sylhet highway to be made four-lane with $2.0b ADB funding

Dhaka-Sylhet highway to be made four-lane with $2.0b ADB funding

FHM HUMAYAN KABIR 2020-11-19 10:08:33

The Asian Development Bank (ADB) is likely to provide US$ 2.0 billion worth of loan for widening Dhaka-Sylhet highway into four-lane, aimed at making the road suitable for regional connectivity as wel...

NBR advises against deal in case Bangladesh has trade deficit

NBR advises against deal in case Bangladesh has trade deficit

DOULOT AKTER MALA 2020-11-19 09:51:40

The revenue board has suggested refraining from signing any free trade or preferential trade agreements with the countries having huge trade gap with Bangladesh. Free trade agreement (FTA) or prefere...

BB extends policy support to all exporters

BB extends policy support to all exporters

FE Online Report 2020-11-18 20:16:12

The central bank has extended its policy support allowing all exporters to realise their export proceeds up to seven months instead of six months considering the ongoing Covid-19 pandemic. The extend...

BB asks banks to repatriate forex funds without obstacle

BB asks banks to repatriate forex funds without obstacle

FE ONLINE REPORT 2020-11-17 20:54:43

The central bank has asked scheduled banks to facilitate repatriation of funds, without creating any obstacle, out of balances held in the foreign currency accounts, officials said. “….y...