Loading...
The Financial Express

Search results for: economy

a2i, UNCDF, MSC launch FinLab BD for sustainable pro-poor growth

a2i, UNCDF, MSC launch FinLab BD for sustainable pro-poor growth

-- 2021-10-25 18:59:25

Access to Information (a2i) Programme, UNCDF and MSC have launched the Financial Innovation Lab Bangladesh (FinLab BD) to serve the low and moderate-income populations of Bangladesh by advancing susta...

Industrial modelling emphasised to harness blue economy

Industrial modelling emphasised to harness blue economy

FE REPORT 2021-10-25 08:47:04

Bangladesh can overcome many of post-LDC graduation challenges by harnessing huge resources hidden in its bay-based blue economy, experts say and suggest urgent industrial modelling based on the ric...

Bangladesh switches fast to digital financial transactions

Bangladesh switches fast to digital financial transactions

JASIM UDDIN HAROON 2021-10-24 08:57:51

Bangladesh is switching over fast to digital financial transactions from the conventional banking system, marking a phenomenal growth of 85 per cent in a segment last August. Officials said the digit...

Online tax return application ‘digiTax’ launched

Online tax return application ‘digiTax’ launched

-- 2021-10-23 19:34:27

DigiTax, an online tax return preparation platform for taxpayers, was formally launched on Saturday through which the taxpayers can now fill up income tax returns as well as assess their assets online...

Fast depreciation of taka against dollar worries stakeholders

Fast depreciation of taka against dollar worries stakeholders

FE REPORT 2021-10-23 08:44:08

Business leaders have raised serious concerns over the speedy depreciation of Bangladesh taka (BDT) against American dollar as it is pushing the import costs up. The BDT-dollar exchange rate in banks...

Living gets costlier with inflation upswing

Living gets costlier with inflation upswing

FHM HUMAYAN KABIR 2021-10-22 08:41:34

Living gets costlier for people as inflation maintains a steep rise amid price rises, although official figures apparently water down the inflationary pressures. The point-to-point inflation over t...

Overseas investment to be made easier, says PM

Overseas investment to be made easier, says PM

-- 2021-10-21 15:10:56

The government is working to create opportunities for the business community to invest in foreign countries, Prime Minister Sheikh Hasina said. "We can invest in other countries just the way they inv...

US, EU, other allies urge China to liberalise further

US, EU, other allies urge China to liberalise further

-- 2021-10-21 10:02:06

The United States said on Wednesday that China’s industrial policies "skew the playing field" against imported goods and services, as well as their foreign providers, and that Washington would p...

Overseas football tourism a massive boost for UK economy

Overseas football tourism a massive boost for UK economy

-- 2021-10-20 23:02:53

Overseas football tourism has proved to be a huge winner for the British economy, a new report published by Britain's national tourism agency VisitBritain revealed on Wednesday. According to research...

Thousands of unvaccinated workers across US at risk of losing jobs

Thousands of unvaccinated workers across US at risk of losing jobs

-- 2021-10-20 16:14:58

Thousands of unvaccinated workers across the United States are facing potential job losses as a growing number of states, cities and private companies start to enforce mandates for inoculation against...

IMF cuts economic growth forecast for Asia

IMF cuts economic growth forecast for Asia

-- 2021-10-20 10:16:36

The International Monetary Fund on Tuesday slashed this year's economic growth forecast for Asia and warned that a fresh wave of Covid-19 infections, supply chain disruptions and inflation pressures p...

Kamal seeks soft IFC loans for private sector

Kamal seeks soft IFC loans for private sector

FE REPORT 2021-10-19 10:17:01

Finance Minister AHM Mustafa Kamal has requested the International Finance Corporation (IFC) to provide private sector with loans on simple conditions. He put forward the proposal at a virtual meetin...

World Bank, ERD sign $300m loan deal

World Bank, ERD sign $300m loan deal

FE REPORT 2021-10-19 08:56:50

The World Bank (WB) would provide US$ 300 million in loans for upskilling technical knowledge of some 0.1 million youths and women in Bangladesh. With the financial support, four government agencies...

Health Division: most important healer but worst dev performer

Health Division: most important healer but worst dev performer

FHM HUMAYAN KABIR 2021-10-19 08:29:07

Once again has the health division positioned itself lowest in development spending as it could spend during the first quarter of the current fiscal year only 2.33 per cent from its total ADP allocati...

Korean investors to widen operations in Bangladesh

Korean investors to widen operations in Bangladesh

FE ONLINE REPORT 2021-10-18 19:54:57

In a bid to further promote bilateral trade with Bangladesh, Korean entrepreneurs, who have already a strong presence in the RMG sector, are planning to invest in other sectors like ICT and health. T...

BB allows receiving remittances through OPGSPs

BB allows receiving remittances through OPGSPs

-- 2021-10-18 18:36:49

Bangladesh Bank (BB) has allowed receiving inward remittances through online payment gateway service providers (OPGSPs). The foreign exchange policy department of the central bank on Monday issued a...

EU re-thinks budget rules for post-pandemic era

EU re-thinks budget rules for post-pandemic era

-- 2021-10-18 14:05:12

So often the source of rows between its members, the European Union starts reviewing its rules for national budgets on Tuesday to fit a post-pandemic reality of higher public debt and the huge costs o...

China's GDP growth hits one-year low

China's GDP growth hits one-year low

-- 2021-10-18 11:47:16

China's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policy...

Stimulus loan disbursement for CMSMEs may miss Dec deadline

Stimulus loan disbursement for CMSMEs may miss Dec deadline

-- 2021-10-17 18:01:15

Bangladesh’s cottage, micro, small and medium enterprises (CMSMEs) cannot avail of the stimulus loan as fast as they had expected due to its slow disbursement process. Bangladesh Bank has set a...

Bangladesh's per capita foreign debt buildup hits $460

Bangladesh's per capita foreign debt buildup hits $460

JASIM UDDIN HAROON 2021-10-16 07:34:45

Bangladesh's per-capita foreign debt ballooned to USD460 or Tk 39,000 in the fiscal year 2021, up by over $67 from the figure a year before, according to central bank statistics. Such a buck in exter...

Govt aims to boost national revenue for rapid economic growth

Govt aims to boost national revenue for rapid economic growth

-- 2021-10-15 17:12:23

The government is aiming to take up the economy's revenue-GDP ratio to 11.5 per cent by 2023-24 fiscal through modernisation of revenue administration, broadening the tax base, higher tax compliance,...

Bangladesh seeks stronger trade, investment ties with Serbia 

Bangladesh seeks stronger trade, investment ties with Serbia 

-- 2021-10-15 16:35:20

Foreign Minister Dr AK Abdul Momen has sought Bangladesh's stronger trade and investment ties with Serbia and close cooperation in addressing global issues. On the sidelines of the 60th Commemorative...

Calls grow for removal of PPP project funding hurdles

Calls grow for removal of PPP project funding hurdles

FE REPORT 2021-10-15 08:50:12

Prime minister's Principal Secretary Dr Ahmad Kaikaus has called for removing technical difficulties in financing the public-private partnership (PPP) projects by banks and financial institutions (FIs...

'E-transfers, equal incentives can trigger FDI inflow into Bangladesh'

'E-transfers, equal incentives can trigger FDI inflow into Bangladesh'

FE REPORT 2021-10-15 08:20:28

Deeper deregulations and structural reforms can bring desired foreign direct investment in Bangladesh from Japan and elsewhere, says the Japanese envoy in Dhaka, naming two major triggers for FDI in...

Global economy feels pinch of cost surge

Global economy feels pinch of cost surge

-- 2021-10-14 20:17:03

From beef bowls in Tokyo to fried chicken in London, consumers are beginning to feel the pinch from the surge in costs washing over the global economy. The rebound in economic activity as coronavirus...

Bangladesh's per capita GDP to be $2,138.794 this year, IMF projects

Bangladesh's per capita GDP to be $2,138.794 this year, IMF projects

-- 2021-10-14 16:52:16

Bangladesh's per capita gross domestic product (GDP) will be US$2,138.794 in 2021 which is higher than neighbouring India, according to the International Monetary Fund (IMF). The per capita GDP of In...

Energy crisis could lead to slowdown in global economic recovery, says IEA

Energy crisis could lead to slowdown in global economic recovery, says IEA

-- 2021-10-14 15:20:16

A global energy crunch is expected to boost oil demand by half a million barrels per day (bpd) and could stoke inflation and slow the world's recovery from the COVID-19 pandemic, the International Ene...

Stakeholders call for framing regulations, laws for Sukuk or Shariah bonds

Stakeholders call for framing regulations, laws for Sukuk or Shariah bonds

FE REPORT 2021-10-14 09:13:27

Speakers at a workshop on Wednesday emphasised enacting separate laws and regulations for Sukuk or Shariah-based bonds as the instruments are different in features from the traditional fixed-income on...

'Great financing divide' between rich, poor nations slows recovery: IMF

'Great financing divide' between rich, poor nations slows recovery: IMF

-- 2021-10-13 17:15:31

Economic growth in poorer countries will likely lag pre-pandemic expectations for years, given gaps in vaccination rates, revenue growth and the ability to borrow, the International Monetary Fund said...

ADB boosts climate financing goal to $100 billion for 2019-2030 period

ADB boosts climate financing goal to $100 billion for 2019-2030 period

-- 2021-10-13 17:13:01

The Asian Development Bank will boost its climate financing goals by $20 billion to a new target of $100 billion for the 2019-2030 period. The lender also aims to launch its concept for retiring coal...