Search results for: economy

Export policy review meeting today

FE REPORT 2020-12-22 09:57:11

The government will review the progress in implementation of the existing export policy 2018-21 aiming to help boost export, officials said. To this effect, the monitoring committee on the existing e...

ADB provides additional $50m for pandemic-affected microenterprises

-- 2020-12-21 20:32:46

The Asian Development Bank (ADB) and the government of Bangladesh on Monday signed agreements for $50 million in additional loans for the resumption of the economic activities of microenterprises seve...

US Congress approves $900 billion Covid-19 relief bill

-- 2020-12-21 12:08:47

The US Congress has passed another stopgap funding bill to avert a government shutdown and provide lawmakers more time to vote on the Covid-19 relief deal and long-term government funding. The House...

Huge lending rate cut to promote Japanese investments

FE Report 2020-12-21 10:24:34

The central bank has slashed significantly the interest rate on loans under the foreign direct investment promotion project (FDIPP) to facilitate Japanese investment in Bangladesh. The interest rate...

Import costs go up with oil price rise

SIDDIQUE ISLAM 2020-12-21 10:13:59

The country's spending on imports increased slightly in November, lifted by an uptrend in petroleum prices in the international market. The coronavirus vaccines rollout in the United States and the U...

Mandatory online tax return filing from 2021

FE REPORT 2020-12-20 11:34:54

The National Board of Revenue (NBR) is exploring possibilities to make online tax return submission mandatory for salaried taxpayers from next year, said a senior tax official on Saturday. It is also...

Blended finance can substitute foreign aid for Bangladesh development: Experts  

FE OUTREACH TEAM   2020-12-18 21:36:15

Bangladesh will soon need to go for innovative financing for its development projects apart from utilising existing financial resources earmarked for attaining globally aligned development goals. The...

3,26,758 migrant workers return home in eight months

FE ONLINE REPORT 2020-12-18 19:50:19

Expatriates’ Welfare and Overseas Employment Minister Imran Ahmad has said a total of 3,26,758 migrant workers returned home after losing their jobs from April 1 to November 30 this year. The m...

ADB recommends prioritising water security in Covid-19 recovery

-- 2020-12-18 17:26:19

Economies of Asia and the Pacific must put water security at the top of their agenda to recover from the fallout of the coronavirus pandemic and adapt to climate change, according to a new flagship re...

Taxpayers' money of Tk 261.8m earmarked for 56 autos for road widening projects!

FHM HUMAYAN KABIR 2020-12-18 10:24:40

The Roads and Highways Department (RHD) has proposed to purchase a pool of 56 vehicles at Tk 261.8 million for Dhaka-Sylhet-Tamabil road-widening projects. Among the vehicles, insiders said on Monday...

Dhaka gridlock costs Tk 1.53b a day

KAMRUN NAHAR 2020-12-18 08:17:15

Traffic congestion in Dhaka has long been taking a heavy toll on five areas including working hour loss, additional fuel consumption, pavement damage, accident during peak hour, and environmental impa...

Govt to finalise plan for utilising forex reserves before budget

-- 2020-12-17 18:40:32

The government is likely to decide on borrowing funds for different projects from foreign exchange reserves before the next national budget. Finance Minister AHM Mustafa Kamal revealed the planned ti...

India invites Bangladesh to join BRICS Bank

-- 2020-12-17 15:26:03

Indian Prime Minister Narendra Modi has invited Bangladesh to join the New Development Bank or BRICS Bank, a multilateral institution which mobilises resources for infrastructure and sustainable devel...

Singapore's resident employment posts strong rebound in Q3

-- 2020-12-17 11:46:16

The employment of Singapore's residents, referring to Singapore citizens and permanent residents, rebounded strongly in the third quarter (Q3) of 2020, according to the Labour Market Report released b...

Aramco may have to borrow more to maintain Saudi dividend

Reuters 2020-12-17 10:59:05

Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices, market...

Guzman's shifting role: From scoring goals to saving Argentina's economy

-- 2020-12-16 14:06:13

When Martin Guzman was doing a PhD in economics at Brown University in the United States, he and two other Argentine friends formed part of their department’s intramural soccer team and reached...

ADB approves $0.5m in grant to improve Bangladesh’s business competitiveness

-- 2020-12-16 12:53:51

The Asian Development Bank (ADB) has approved $0.5 million in grant assistance for supporting knowledge works to promote business competitiveness and intraregional trade of Bangladesh. The assistance...

Pandemic exodus from New York costs about $34b: Study

Reuters 2020-12-16 09:25:24

Millions of people have moved out of New York City during the pandemic, but at the same time, millions of others with lower incomes have taken their place, according to a study released on Tuesday. A...

Greenfield FDI inflow into Bangladesh falls drastically

Monira Munni 2020-12-16 08:54:12

Greenfield foreign direct investment (FDI) in Bangladesh declined by 84 per cent during the first half of 2020 over that of the corresponding period of 2019, primarily due to the Covid-19, according...

Thrust on successful implementation of PPP projects with Japan

FE Online Desk 2020-12-15 20:18:25

A top official of Public-Private Partnership Authority on Monday emphasized on the importance of moving forward with the five PPP projects with Japan on a G2G modality. The projects are construction...

Jordan to hire over 12,000 RMG workers from Bangladesh

-- 2020-12-15 19:25:07

Jordan’s readymade garments (RMG) sector will recruit over 12,000 skilled workers from Bangladesh in one year. “This recruitment will be processed only through Bangladesh Overseas Employm...

Forex reserve crosses $42b for first time

FE ONLINE REPORT 2020-12-15 19:18:57

The country’s foreign exchange (forex) reserve crossed $42 billion mark for the first time ever on Tuesday following lower import payment obligations and higher growth of inward remittance, offi...

81 million jobs lost in Asia, Pacific labour markets due to Covid

FE Online Report 2020-12-15 15:52:32

The economic backlash of the coronavirus (Covid-19) pandemic wiped out some 81 million jobs in Asia and the Pacific in 2020, said a report released by the International Labour Organization (ILO). In...

AIT on common wheat import waived

FE REPORT 2020-12-15 10:04:27

The National Board of Revenue (NBR) has waived advance income tax (AIT) on import of common wheat. The NBR's Income Tax Wing published a gazette notification on December 9, waiving the tax on common...

38 NRBs to get CIP status

FE ONLINE REPORT 2020-12-14 16:58:47

The government has selected 38 non-resident Bangladeshis (NRBs) to award commercially important person (CIP) status for their significant role in the country’s economy. The Ministry of Expatria...

Stimulus, remittances cause liquidity glut on the banks

Siddique Islam 2020-12-14 08:58:37

The advance-deposit ratio (ADR) of the country's banking sector dropped in September 2020 as stimulus money and remittances swelled deposits as against slower credit growth, bankers say. The ADR - a...

Out-of-pocket healthcare expense pushes 5.0m into poverty a year

FE REPORT 2020-12-13 10:38:08

Catastrophic health expenditure due to rise in non-communicable diseases (NCDs) has been pushing over five million people to below poverty line every year, creating impediment to achieving health-rela...

Plan to integrate southern region indispensable to maximise benefits from Padma Bridge: Economists

FHM HUMAYAN KABIR 2020-12-13 10:20:18

Economists on Saturday urged the government to make 'complementary' investments and prepare a regional integration plan to tap the benefit from the Padma bridge. They have called for upgrading the Mo...

Start-ups face fund crisis to sustain amid pandemic, experts say

-- 2020-12-12 21:38:55

Speakers at a national dialogue said funds crisis are the main challenge amid Corona in creating start-ups. Though many young entrepreneurs are entering the competitive market with new ideas, ultima...

BGMEA says Bangladesh will lose $4.0b in EU sans duty-free gains

-- 2020-12-12 20:12:04

Bangladesh's garment exporters will lose $4 billion if the European Union (EU) ends the duty-free trade benefit for the country following its graduation to a developing nation, according to a study by...