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The Financial Express

Search results for: economy

Job creation the top priority: Experts

Job creation the top priority: Experts

FE REPORT 2020-12-06 09:51:01

Experts at a webinar on Saturday said policymakers should put extra emphasis on education, youth employment, poverty, and gender issues in the 8th five-year plan considering changes in the sectors c...

Lending rate falls, interest on deposits may also decrease further: Bankers

Lending rate falls, interest on deposits may also decrease further: Bankers

Siddique Islam 2020-12-06 08:41:59

The interest rate spread dropped slightly in October last as the banks slashed the lending rates more than that of the deposit rates. The interest on the loans and advances decreased comparatively...

100 Bangladeshi products to get duty-free access to Bhutan

100 Bangladeshi products to get duty-free access to Bhutan

-- 2020-12-05 19:49:58

Some 100 Bangladeshi products would get duty-free access to the Bhutanese market under a preferential trade agreement (PTA), which is scheduled to be signed on Sunday. Meanwhile, 34 Bhutanese items w...

Shariah-compliant bonds may fetch Tk 80b for Bangladesh govt in Dec

Shariah-compliant bonds may fetch Tk 80b for Bangladesh govt in Dec

JASIM UDDIN HAROON 2020-12-05 10:38:22

The government is set to raise Tk 80 billion through sukuk or Islamic bonds this December and they will mature in five years, said officials at the financial institutions division. For the first time...

Surplus in balance of payments exceeds $4.0b in July-October

Surplus in balance of payments exceeds $4.0b in July-October

-- 2020-12-04 17:05:50

The surplus in the balance of payments of Bangladesh has continued to rise amid the coronavirus pandemic, exceeding $4 billion in the July-October period. In the same period last year, the key econom...

Ceilings for investing in savings instruments lowered

Ceilings for investing in savings instruments lowered

DOULOT AKTER MALA 2020-12-04 11:11:06

The government lowered the maximum investment ceilings of purchasing three types of savings certificates on Thursday. The certificates are - Five-Year Bangladesh Sanchaypatra, Three-Month Profit-Base...

Foreign-aided development budget unlikely to be cut

Foreign-aided development budget unlikely to be cut

FHM Humayan Kabir 2020-12-04 11:08:39

The government would not have to cut much from the project aid (PA) in the current fiscal year (FY2020-21) as the preparatory consultations on the upcoming revision of the Annual Development Program...

Minister for probing banks' reluctance to disburse stimulus money

Minister for probing banks' reluctance to disburse stimulus money

FE REPORT 2020-12-04 11:05:51

Planning minister MA Mannan has suggested that the central bank enquire about the reasons behind some banks' reluctance to disburse Covid-19 stimulus packages. He is unhappy over the poor execution...

Exports back to positive trend in November

Exports back to positive trend in November

FE Report 2020-12-04 09:52:23

The country's merchandise shipments again showed positive trend with a meagre growth in November this year after witnessing a fall in the previous month of October. The single-month income in Novem...

Euro zone economy to gain momentum in 2021 on Covid-19 vaccine hopes: Reuters poll

Euro zone economy to gain momentum in 2021 on Covid-19 vaccine hopes: Reuters poll

-- 2020-12-03 15:18:41

The euro zone economy will contract again this quarter as renewed lockdown measures stifle activity, according to a Reuters poll which showed the bloc’s GDP would then return to pre-crisis level...

Remitters' docs needn't be verified to disburse cash incentive for Tk half a million

Remitters' docs needn't be verified to disburse cash incentive for Tk half a million

SIDDIQUE ISLAM 2020-12-03 09:01:04

The central bank has relaxed its regulations for receiving cash incentives on the money sent by expatriate Bangladeshis further aiming to expedite the inflow of remittances despite the Covid-19 pand...

Govt to import 50,000 tonnes of parboiled rice from India

Govt to import 50,000 tonnes of parboiled rice from India

-- 2020-12-02 20:22:52

The government has approved a proposal to import 50,000 tonnes of parboiled non-Basmati rice from India in the year 2020-21 through international quotation. Additional Cabinet Secretary Abu Saleh Mos...

Govt to follow direct procurement method for vaccines

Govt to follow direct procurement method for vaccines

-- 2020-12-02 19:11:23

The government has decided to follow the direct procurement method (DPM) for procuring the vaccines for the Covid-19 considering it as a matter of urgent state necessity. The Cabinet Committee on Eco...

Maldives permits 84pc of resorts to reopen

Maldives permits 84pc of resorts to reopen

-- 2020-12-02 14:26:15

Some 84 per cent of resorts in the Maldives have been granted permission to reopen by the Ministry of Tourism since July, local media reported on Wednesday. Tourism Ministry statistics showed that 13...

US Fed chief says recovery slows amid economic reopening

US Fed chief says recovery slows amid economic reopening

-- 2020-12-02 14:16:20

US Federal Reserve Chairman Jerome Powell said Tuesday that economic activity has continued to recover from its depressed second-quarter level, but momentum has slowed down in recent months. Noting t...

With IFC support, Gazipur set to develop Bangladesh’s first public-private wastewater project

With IFC support, Gazipur set to develop Bangladesh’s first public-private wastewater project

FE Online Desk 2020-12-02 12:53:48

In a first-of-its-kind initiative, the industrial city of Gazipur near the capital Dhaka, Bangladesh will develop a wastewater and sludge treatment system with private sector participation in two of...

Import duties worth Tk 62b stuck in court cases

Import duties worth Tk 62b stuck in court cases

FE REPORT 2020-12-02 10:05:27

The National Board of Revenue (NBR) is failing to realise some Tk 62 billion import duty that is stuck with 15,777 pending cases, officials have said. The huge sum is blocked, as importers prefer t...

Remittance inflow grows over 41pc in five months

Remittance inflow grows over 41pc in five months

SIDDIQUE ISLAM 2020-12-02 09:05:20

The flow of inward remittances reached $10.90 billion in the first five months of the current fiscal year (FY 2020-21), registering an increase of more than 41 per cent, despite the ongoing Covid-19 p...

Bangladesh won’t fall into debt trap: Momen

Bangladesh won’t fall into debt trap: Momen

FE Online Report 2020-12-01 19:36:00

Bangladesh will not fall into the so-called debt trap due to its borrowing from China or India, Foreign Minister Dr AK Momen said on Tuesday. Many critics argue that since Bangladesh has undertaken a...

Bangladesh’s coastal communities deserve benefits from the blue economy: People’s Tribunal   

Bangladesh’s coastal communities deserve benefits from the blue economy: People’s Tribunal  

FE ONLINE REPORT   2020-12-01 19:29:23

Exploitation of Bangladesh’s marine resources may result in loss of bio-diversity and exclusion of coastal communities unless issues of rights and environment are addressed, a panel of inter-sta...

Ecnec okays much-sought third submarine cable project

Ecnec okays much-sought third submarine cable project

-- 2020-12-01 18:05:31

The Executive Committee of the National Economic Council (Ecnec) on Tuesday cleared four development projects, including Tk 6.93 billion (Tk 693-crore) one to install the third submarine cable. The s...

China recovery boosts Asian factories, but trouble seen ahead

China recovery boosts Asian factories, but trouble seen ahead

-- 2020-12-01 16:00:33

Asian factories continued to recover steadily in November thanks to a boom in economic powerhouse China, private surveys showed on Tuesday, offering hope the region was shaking off the drag from the C...

UN predicts record 235m people will need humanitarian help in 2021

UN predicts record 235m people will need humanitarian help in 2021

-- 2020-12-01 14:36:55

A record 235 million people will need humanitarian assistance next year, a near-40 per cent increase on 2020 which is "almost entirely from Covid-19," the UN's emergency relief chief said on Tuesday....

Canada unveils new economic relief package

Canada unveils new economic relief package

-- 2020-12-01 11:04:27

The Canadian government has unveiled a new financial programme worth billions of Canadian dollars to boost the country’s economy amid the coronavirus (Covid-19) pandemic. The programme titled "...

Dhaka eyes $1.2b WB hard-term loan for three development projects

Dhaka eyes $1.2b WB hard-term loan for three development projects

FHM HUMAYAN KABIR 2020-12-01 09:01:07

Bangladesh is likely to seek a hard-term World Bank (WB) loan worth US$ 1.2 billion to finance three of its development projects, officials said on Monday. They said the country may have to choose th...

Non-performing loans shown to have dropped but still close to Tk 1.0tn

Non-performing loans shown to have dropped but still close to Tk 1.0tn

SIDDIQUE ISLAM 2020-12-01 08:37:00

The default loans dropped slightly in September last as the central bank suspended the routine exercise of classification to help businesses overcome the adverse impact of Covid-19 pandemic. The volu...

NBR chairman in favour of special tax benefits to prevent money laundering

NBR chairman in favour of special tax benefits to prevent money laundering

-- 2020-11-30 23:27:19

National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem has said ‘special tax benefits’ can be given to those who are laundering money abroad for fear of paying taxes in the c...

NBR extends deadline for tax returns until Dec 31

NBR extends deadline for tax returns until Dec 31

FE ONLINE REPORT 2020-11-30 16:46:41

The National Board of Revenue (NBR) has extended the deadline for tax return submission by individual taxpayers until December 31. The NBR Chairman Abu Hena Md Rahmatul Munim on Monday said the deadl...

National Income Tax Day on Monday

National Income Tax Day on Monday

-- 2020-11-29 19:12:04

The ‘National Income Tax Day-2019’ will be observed on Monday across the country aiming to create awareness among the people for payment of income tax regularly. The National Board of Rev...

Private external debt drops in FY20

Private external debt drops in FY20

FE Online Report 2020-11-29 11:53:57

External debt to the country’s private sector declined in the past fiscal year (FY20) mainly due to the outbreak of Covid-19. Statistics available with Bangladesh Bank showed that outstanding s...