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ECNEC approves four projects involving Tk 3.38b

ECNEC approves four projects involving Tk 3.38b

-- 2020-09-29 17:46:41

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved four projects involving a total cost of Tk 7.96 billion, including a Tk 3.38 billion one to make mouza and plot-bas...

US House Democrats unveil $2.2 trillion Covid-19 relief package

US House Democrats unveil $2.2 trillion Covid-19 relief package

-- 2020-09-29 12:13:12

Democrats from the US House of Representatives unveiled on Monday a 2.2 trillion US-dollar COVID-19 relief package, attempting to pressure the White House and Republicans to reach a deal before the pr...

Pandemic to push Asia’s growth to lowest since 1967: World Bank

Pandemic to push Asia’s growth to lowest since 1967: World Bank

REUTERS 2020-09-29 10:05:24

The coronavirus pandemic is expected to lead to the slowest growth in more than 50 years in East Asia and the Pacific as well as China, while up to 38 million people are set to be pushed back into pov...

Remittance inflow increases amid 55pc fall of migrant jobs

Remittance inflow increases amid 55pc fall of migrant jobs

-- 2020-09-28 19:41:59

Although outflow of migrant workers in January-August period of this year has dropped by 55 per cent compared to same period a year earlier, Bangladesh witnessed 9.6 per cent increase in inflow of rem...

BB extends suspension of loan classification for more three months

BB extends suspension of loan classification for more three months

FE ONLINE REPORT 2020-09-28 19:00:59

The central bank of Bangladesh has extended suspension of adverse classification of any loan for more three months to facilitate business activities that have been adversely affected by the ongoing Co...

Malaysia's exports fall 2.9pc in August

Malaysia's exports fall 2.9pc in August

-- 2020-09-28 12:06:16

Malaysia's exports fell 2.9 per cent year-on-year to 79.14 billion ringgit (about 19 billion US dollars) in August due to lower shipment in all sectors. Malaysia International Trade and Industry Mini...

Bangladesh Bank relaxes ESF conditions   

Bangladesh Bank relaxes ESF conditions  

FE REPORT 2020-09-28 09:48:44

Bangladesh Bank (BB) on Sunday amended the guidelines for the Entrepreneurship Support Fund (ESF) to make it easy for the entrepreneurs. The amendments included, cutting fees for application, definin...

July-Aug tax revenue collection up slightly

July-Aug tax revenue collection up slightly

DOULOT AKTER MALA 2020-09-28 09:43:36

The government's tax revenue collection improved slightly in the July-August period of this fiscal year (FY), 2020-21, with a nominal growth over the corresponding period of last FY. It happened so, a...

Mosharrof Hossain appointed chairman of IDRA

Mosharrof Hossain appointed chairman of IDRA

FE Online Report 2020-09-27 16:14:31

Dr M Mosharrof Hossain has been appointed chairman of the IDRA, the regulator of 79 life and non-life insurers in Bangladesh. The government on Sunday issued an order in this regard. Earlier, he was...

Experts in Bangladesh call on government to make policies far more predictable to ease FDI inflow

Experts in Bangladesh call on government to make policies far more predictable to ease FDI inflow

FE REPORT 2020-09-27 10:38:37

Experts on Saturday listed inconsistencies in relevant policies as the main impediment to smooth flow of foreign direct investment (FDI) into the country. They suggested bringing holistic reforms of...

NBR to set up specialised unit to combat duty evasion

NBR to set up specialised unit to combat duty evasion

-- 2020-09-26 19:51:19

The National Board of Revenue (NBR) will set up a separate central risk management unit under the customs department soon to combat duty evasion through use of technology. According to an official do...

Sri Lanka seeks fresh currency swap facility, deferment of debt payments from India

Sri Lanka seeks fresh currency swap facility, deferment of debt payments from India

-- 2020-09-26 17:29:24

Sri Lankan Prime Minister Mahinda Rajapaksa sought an additional currency swap facility and deferment of debt payments from India during an online bilateral summit with Prime Minister Narendra Modi on...

FDI-related net financial transfers from Bangladesh rise modestly in last decade

FDI-related net financial transfers from Bangladesh rise modestly in last decade

FE Online Report 2020-09-26 17:19:36

Though the net financial transfers related to Foreign Direct Investment (FDI) in Bangladesh increased modestly in the last decade, it is still lower than the net inflows of foreign direct investment....

Over 2,500 handwashing stations planned as WB approves $200m for rural Bangladesh 

Over 2,500 handwashing stations planned as WB approves $200m for rural Bangladesh 

FE Online Report  2020-09-26 14:04:20

The World Bank has approved $200 million to help Bangladesh improve access to safe water and sanitation services in rural areas. The Bangladesh Rural Water, Sanitation and Hygiene for Human Capi...

Farm loan disbursement below target

Farm loan disbursement below target

REZAUL KARIM 2020-09-26 09:54:56

Disbursement of farm loans by banks in the first two months of the current fiscal year (FY), 2020-2021, has remained below the strategic target. Scheduled banks made only 13.15 per cent of the annu...

Global economic outlook ‘less dire’ than June prediction: IMF

Global economic outlook ‘less dire’ than June prediction: IMF

-- 2020-09-25 17:07:13

The global economic outlook is not quite as dark as expected even just three months ago, a top International Monetary Fund official said on Thursday, citing better-than-anticipated economic data from...

Foreign aid disbursement, commitment mark decline

Foreign aid disbursement, commitment mark decline

FHM HUMAYAN KABIR 2020-09-25 10:07:05

The disbursements of foreign aid declined by about 29.5 per cent to US$528 million in the first two months of the current fiscal year (FY) than that of the corresponding period of last FY, according t...

Special funds for stock market: Repo rate slashed to aid banks

Special funds for stock market: Repo rate slashed to aid banks

FE REPORT 2020-09-25 09:34:30

The Bangladesh Bank (BB) on Thursday amended some sections of its earlier notice related to the formation of a special fund by banks for investments in the stock market. On February 10, the BB allowe...

WB sees curbing corruption as more important during pandemic

WB sees curbing corruption as more important during pandemic

BSS 2020-09-24 14:21:28

Progress against corruption can be made even under the most challenging conditions, a new World Bank report finds. At a time when unprecedented levels of emergency funds have been mobilised to respon...

Vietnam exports 850 million masks in eight months

Vietnam exports 850 million masks in eight months

-- 2020-09-24 13:33:36

Vietnamese businesses exported nearly 850 million medical masks in the first eight months of this year, according to the General Department of Vietnam Customs. More than 70 enterprises exported over...

Covid-19 will weigh on some economies for years: IMF official

Covid-19 will weigh on some economies for years: IMF official

Reuters 2020-09-24 10:21:59

The coronavirus crisis is lasting longer than expected and it will take some countries years to return to growth, the No. 2 official at the International Monetary Fund said on Wednesday. The Fund has...

Bangladesh seeks possible date, format from Bhutan

Bangladesh seeks possible date, format from Bhutan

FE REPORT 2020-09-24 10:08:18

Bangladesh has requested Bhutan to provide details, including possible format and date, of signing the proposed preferential trade agreement (PTA) between the two countries. The commerce ministry of...

Abysmal record in ADP execution

Abysmal record in ADP execution

FE REPORT 2020-09-24 09:51:31

The performance of government ministries and agencies in project execution was below the mark in the first two months of the current fiscal compared to the same period last year, officials said on Wed...

Rate cut lowers Q2 fixed deposits

Rate cut lowers Q2 fixed deposits

JASIM UDDIN HAROON 2020-09-24 09:30:29

The volume of fixed deposits with the banking system fell by 2.41 per cent in the second quarter ending in June compared to January-March, dwindled by lower interest rate. The amount of fixed deposit...

ILO says pandemic cuts worldwide income from work by a tenth

ILO says pandemic cuts worldwide income from work by a tenth

-- 2020-09-23 17:25:45

Income earned from work worldwide dropped by an estimated 10.7 per cent, or $3.5 trillion, in the first nine months of 2020, compared to the same period a year ago, the International Labour Organizati...

Bhutan issues first sovereign bond to meet increasing fiscal financing needs

Bhutan issues first sovereign bond to meet increasing fiscal financing needs

FE Online Desk 2020-09-23 15:53:00

The Royal Government of Bhutan has announced its first sovereign bond to support the economic recovery from the Covid-19 pandemic while diversifying financial sources. The new financing instrument su...

US existing home sales jump to 14-year high in Aug

US existing home sales jump to 14-year high in Aug

Xinhua 2020-09-23 13:19:10

US existing home sales in August surged to their highest level in nearly 14 years as historically low mortgage rates continue to boost the housing market, the National Association of Realtors (NAR) re...

Easy money may pose a threat to price stability

Easy money may pose a threat to price stability

FE REPORT 2020-09-23 09:28:09

"Extraordinary easy financing' conditions may pose 'upside risks' in the case of price stability in the upcoming quarters, the Bangladesh Bank (BB) report for the last quarter (Q4) of the immediate pa...

ECNEC approves Tk 2.46b hilsa development project

ECNEC approves Tk 2.46b hilsa development project

-- 2020-09-22 17:28:36

The Executive Committee of the National Economic Council (ECNEC) has approved a project for development and management of hilsa resources involving Tk 2.46 billion. The approval was given at the week...

BEPZA inks $56.33m new investment agreement amid pandemic

BEPZA inks $56.33m new investment agreement amid pandemic

FE ONLINE DESK 2020-09-22 15:11:11

Bangladesh Export Processing Zones Authority (BEPZA) has signed 56.33 million US dollar new investment agreement with seven companies during Coronavirus (Covid-19) pandemic. Among them, five companie...