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The Financial Express

Search results for: economy

Tax waiver withdrawn for economic zone factories

FE REPORT June 01, 2020 09:26:16

Factories producing essential products, including edible oil, sugar, flour, cement and steel, inside economic zones will no longer be eligible for tax exemptions. In a regulatory order, the National...

ICSB event on Covid-19 and its impact

FE Online Desk June 01, 2020 00:54:40

The Institute of Chartered Secretaries of Bangladesh (ICSB) organized a Continuing Professional Development (CPD) programme on "COVID-19 and its impact on the National Economy” on May 30, 2020 o...

Rural e-commerce gains momentum in China as stay-at-home economy thrives

Xinhua May 31, 2020 19:09:22

China's rural e-commerce has been growing at a fast pace amid government initiatives to support rural consumption, data showed. As of May 22, the country saw more than 87,000 newly registered rural e...

Export earnings from jute increase by 14pc in 10 months

-- May 31, 2020 19:07:34

Export earnings from jute and jute products have increased by 14 per cent in the first ten months (July-April) of the current fiscal year 2019-20, compared to corresponding period of the previous fisc...

Reopening will worsen coronavirus crisis: Mansur

-- May 31, 2020 10:59:13

Economic researcher Ahsan H Mansur has warned of socioeconomic instability and an eroding public trust in the government as Bangladesh is set to reopen offices and resume public transport system after...

Govt expects economy to rebound next fiscal

FE REport May 31, 2020 09:25:51

The government is set to project the GDP growth rate for the fiscal year 2021 at 8.2 per cent, pinning its hope mainly on possible surge in domestic demand, powered by consumption and investment, offi...

Indian economy grows at slowest pace in eight years in Jan-March

Xinhua May 30, 2020 18:04:41

Indian economy grew at its slowest pace in eight years at 3.1 per cent for the fourth quarter of Jan-March and at 11-year low of 4.2 per cent for the fiscal year 2019-20 (April-March) widening the fis...

ADB provides assistance to augment COVID-19 facilities in BD

FE Online Report May 30, 2020 14:27:55

The Asian Development Bank (ADB) is providing US$231,178 grant to augment novel corona virus disease (COVID-19) related facilities in 134 urban primary health centres, also called Nogor Swastho Kendro...

Indian economy slows in March quarter, with worst to come

REUTERS May 30, 2020 13:49:46

India’s economy grew at 3.1 per cent in the January-March quarter, its slowest pace in at least eight years, and the situation is expected to worsen rapidly, putting pressure on the government a...

COVID-19 second wave would undermine recovery: Fed chief

-- May 30, 2020 12:23:34

US Federal Reserve Chairman Jerome Powell has said that he is concerned about a second wave of COVID-19 infections, which he believes would dampen consumer confidence and hurt economic recovery. "S...

IMF approves $732m for Bangladesh

FE Online Report May 30, 2020 11:28:45

The IMF Executive Board approved Friday US$ 732 million emergency assistance for Bangladesh under the Rapid Credit Facility (RCF) and Rapid Financing Instrument (RFI) to address the challenges posed b...

Tk 18b cut from three projects

MUNIMA SULTANA May 30, 2020 09:38:52

The government has cut the demand for more than Tk 18 billion from three major projects, including the Padma Bridge scheme, to tackle the coronavirus pandemic in Bangladesh. According to officials, t...

NBR misses revenue target until April

DOULOT AKTER MALA May 30, 2020 09:31:38

The National Board of Revenue (NBR) lagged behind its revised target by 26.29 per cent until April due to an economic slowdown caused by the COVID-19 pandemic. The tax-collecting authorities have fac...

Pandemic saps BD economic strengths  

JASIM UDDIN HAROON May 30, 2020 09:21:09

The economy's almost all major indicators have dipped, drained by sluggish economic activities in the wake of shutdowns aimed at stemming the spread of coronavirus. Remittances, exports, imports, i...

COVID-19: Govt so far announces $11.90b stimulus packages

-- May 29, 2020 19:38:58

The government has so far announced a set of stimulus packages worth around $11.90 billion (Taka 1.011 trillion to offset the COVID-19 shock on various sectors of the country and minimise the sufferin...

Online job posting drops by 87pc in April: ADB

FE ONLINE REPORT May 29, 2020 18:50:47

The number of job postings on online job portals in Bangladesh dropped by 87 per cent in April this year, compared to same month of previous year, due to COVID-19 pandemic. The Asian Development Bank...

Vietnam's export down in first five months of 2020

-- May 29, 2020 13:19:36

Vietnam's export and import turnovers in the first five months of 2020 decreased by 1.7 per cent and 3.8 per cent year-on-year respectively, the country's General Statistics Office said Friday. Expor...

Nepal focuses on health spending to fight COVID-19 in annual budget

REUTERS May 29, 2020 13:13:37

Nepal increased spending on health infrastructure in its annual budget unveiled on Thursday to stop the spread of the coronavirus and introduced measures to revive an economy that depends on tourism a...

India's economy seen slowing rapidly in March quarter, with worse to come

REUTERS May 29, 2020 12:58:43

Gross domestic product data out later on Friday is expected to show India’s economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened alrea...

Linking four linear segments in Budget '21

DEBAPRIYA BHATTACHARYA May 29, 2020 10:27:25

It is a severe understatement when one says that formulating Bangladesh's budget for the next one year -- while the stressed economy is reeling under growing, yet uncertain, devastating impact of the...

NBR on the hunt as tax shortfall looms

Doulot Akter Mala May 29, 2020 10:08:34

The National Board of Revenue, or NBR, has stepped in to bring the tax defaulters, who owe over Tk 0.5 million to the government, under its scanner. The income tax department of the board has instruc...

Govt cuts investment ceiling in postal savings bank by two-thirds

SYFUL ISLAM May 29, 2020 09:22:07

The government has cut the investment ceiling in postal savings instruments by two thirds taking into consideration their high interest rate, officials have said. From now on, for both term and ordin...

Jt initiative of Amar Foods, Esho Shobai

FE Online Desk May 28, 2020 12:43:26

It all started in the early hours of Eid day. School teacher Abdur Rahman from Sadullahpur, Gaibandha was utterly surprised by the unique gesture of receiving EID essential groceries from Amar Fo...

South Korea cuts rates, flags worst year for economy since 1998

Reuters May 28, 2020 12:17:44

South Korea’s central bank cut interest rates to a record low on Thursday as it warned the coronavirus pandemic would be worse for Asia’s fourth-largest economy than the 2008 global financ...

Fashion brands that 'exploit' BD suppliers face blacklisting

Thomson Reuters Foundation May 28, 2020 12:07:18

Bangladeshi manufacturers said on Wednesday that they would blacklist Western fashion brands that “exploit” them by failing to pay their bills due to the new coronavirus crisis, days after...

COVID-19 knocks a third of European FDI

-- May 28, 2020 09:52:37

Over a third of European foreign direct investment (FDI) projects announced in 2019 have been either delayed or cancelled outright because of the coronavirus pandemic, according to a survey. The annu...

EU unveils €750b plan for coronavirus recovery

-- May 27, 2020 18:17:21

The European Commission has unveiled a plan to borrow on the market and then disburse to EU countries 750 billion euros in grants and loans to help them recover from their coronavirus slump, giving an...

HSBC provides ‘Thank You’ lunch to COVID-19 healthcare providers 

FE Online Desk May 27, 2020 18:10:23

The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh in partnership with The Ministry of Civil Aviation & Tourism and Bangladesh Red Crescent Society reached out to 3000 he...

FDI net inflows into Philippines reach $657m in Jan

-- May 27, 2020 16:17:15

Foreign direct investment (FDI) net inflows into the Philippines grew by 12.1 per cent in January this year to reach 657 million US dollars from 586 million US dollars posted in previous year, the BSP...

Asia Clean Energy Forum to be held virtually

-- May 27, 2020 12:42:17

The15th annual Asia Clean Energy Forum (ACEF) will be held as a virtual and live-streamed event on June 15-19 focusing on a sustainable future. The Asian Development Bank (ADB), the US Agency for Int...