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The Financial Express

Search results for: economy

Structural reforms unlikely, says Kamal blaming pandemic resurgence

Structural reforms unlikely, says Kamal blaming pandemic resurgence

FE REPORT 2021-04-19 09:16:06

Finance Minister AHM Mustafa Kamal on Sunday said the budget for upcoming fiscal year will strike a balance between the government's revenue collection and the profit earning of the businesses. The...

e-fund transfer system resumes at Bangladesh Bank after five days

e-fund transfer system resumes at Bangladesh Bank after five days

-- 2021-04-18 15:10:38

Inter-bank cheque settlement and electronic fund transfer system of Bangladesh Bank resumed on Sunday morning after five days of suspension. The system was suspended on Tuesday last due to a technica...

Bangladesh sees 17m 'new poor', loses 3pc jobs during pandemic

Bangladesh sees 17m 'new poor', loses 3pc jobs during pandemic

FE REPORT 2021-04-18 10:01:59

The Covid-19 pandemic has rendered about 3.0 per cent of the country's labour force jobless and created an estimated 16.38 million 'new poor', a study report has revealed. Day-labourers, numbering ab...

Experts for more growth-friendly, transparent tax system

Experts for more growth-friendly, transparent tax system

-- 2021-04-17 22:58:40

The National Board of Revenue (NBR) should reduce tax deduction at source (TDS) following global practices and need to modernise and simplify the country's tax system. The regulator should offer ince...

Business leaders emphasise tax reform for attracting FDI, expanding exports for recovery

Business leaders emphasise tax reform for attracting FDI, expanding exports for recovery

FE ONLINE REPORT 2021-04-17 21:45:04

A panel of business leaders and experts on Saturday suggested removing regulatory, fiscal and legal barriers to investment so that both local and foreign investors can invest and do business smoothly...

Youth unemployment, growth of informal sector may hinder SDG 8 achievement, experts say

Youth unemployment, growth of informal sector may hinder SDG 8 achievement, experts say

FE Online Report 2021-04-17 17:35:01

Country’s youth unemployment, rising employment in the informal sector and child labour, which are worsening in the pandemic, may restrain the achievement of SDG 8 and economic growth by 2030....

Livelihoods, recovery to be in focus in next budget

Livelihoods, recovery to be in focus in next budget

SYFUL ISLAM 2021-04-17 10:00:17

The national budget for the fiscal year 2021-22 will focus on measures to face Covid-19 challenges, save lives and livelihoods of people and recover the economy. Officials said the budget would be...

Bangladesh's 2020 debt rises to almost 40pc of GDP

Bangladesh's 2020 debt rises to almost 40pc of GDP

JASIM UDDIN HAROON 2021-04-17 09:22:58

The government debt of Bangladesh surged to a new high in 2020 than in 2019. However, the country's other sectoral debts declined during the period under review. The picture came up in an analysis on...

India's 'Solar Man' lights path out of poverty with clean power

India's 'Solar Man' lights path out of poverty with clean power

REUTERS 2021-04-16 20:29:01

Since he was a child, Santipada Gon Chaudhuri had sought ways to help India's rural poor, so when the electrical engineer was invited to visit a co-worker's home in the Himalayan village of Herma in t...

China’s economy grows at record pace in first quarter

China’s economy grows at record pace in first quarter

Reuters 2021-04-16 14:43:40

China’s economic recovery quickened sharply in the first quarter from last year’s deep coronavirus slump, propelled by stronger demand at home and abroad and continued government support f...

India to spend $200m in next 5-7 years to promote hydrogen use

India to spend $200m in next 5-7 years to promote hydrogen use

Reuters 2021-04-16 10:02:13

India will spend $200 million over the next five to seven years to promote the use of hydrogen, Indu Shekhar Chaturvedi, the top bureaucrat at India's Ministry of New and Renewable Energy, said at a v...

Inflation rises to 5.47pc in March

Inflation rises to 5.47pc in March

FE REPORT 2021-04-16 09:36:37

The point-to-point inflation increased to 5.47 per cent in March last as the prices of some essential items went up mainly in the rural areas, according to official data released on Thursday. The B...

Bangladesh's development budget execution lowest in 11 years

Bangladesh's development budget execution lowest in 11 years

FHM HUMAYAN KABIR 2021-04-16 09:16:44

The government agencies implemented only about 42 per cent of the revised development projects in the first three quarters of the current fiscal year (FY) which is the lowest in more than a decade, of...

Pace of US recovery accelerates

Pace of US recovery accelerates

-- 2021-04-15 10:19:31

The US economy picked up speed going into the spring on the back of growing confidence among consumers, the Federal Reserve said on Wednesday, and Fed Chair Jerome Powell said it is on track for stron...

UN finds hundreds of millions of women living lives ‘governed by others’

UN finds hundreds of millions of women living lives ‘governed by others’

FE ONLINE DESK 2021-04-14 19:58:32

Nearly half of all women are denied their bodily autonomy, according to data from 57 countries, UNFPA’s flagship report announced on Wednesday. The 2021 State of World Population report, titled...

EU to borrow around 150 billion euros every year for recovery fund

EU to borrow around 150 billion euros every year for recovery fund

REUTERS 2021-04-14 17:23:13

The European Commission plans to borrow around 150 billion euros annually until 2026 to finance the bloc’s unprecedented plan to make its economy greener and more digitalised, making it the bigg...

Bangladesh receives more than $1.0b World Bank financing for vaccination, meeting Covid-19 challenges

Bangladesh receives more than $1.0b World Bank financing for vaccination, meeting Covid-19 challenges

FE Online Desk 2021-04-14 13:13:30

The government of Bangladesh has signed three financing agreements worth over $1.04 billion with the World Bank to respond to the pandemic and to build resilience to future crises, including vaccinati...

Japan not keen on joint FTA study

Japan not keen on joint FTA study

MUNIMA SULTANA AND SYFUL ISLAM 2021-04-13 13:13:52

Japan has shown its reluctance to take forward a proposal by Bangladesh for conducting a joint feasibility study on the possibility to sign a free trade agreement (FTA) between the two countries. The...

Bangladesh's poverty rate rises to 30pc amid pandemic

Bangladesh's poverty rate rises to 30pc amid pandemic

FE Report 2021-04-13 11:18:11

As the country is set to embrace a 'hard' lockdown from tomorrow (Wednesday), the World Bank (WB) on Monday released the Bangladesh Development Update (BDU) highlighting the impact of the Covid-19 on...

Bangladesh recovery beckons: WB

Bangladesh recovery beckons: WB

FE ONLINE DESK 2021-04-12 12:50:22

Bangladesh’s economy is showing nascent signs of recovery backed by a rebound in exports, strong remittance inflows, and the ongoing vaccination programme. This has been reflected in a new Worl...

US economy at an 'inflection point': Powell

US economy at an 'inflection point': Powell

-- 2021-04-12 11:43:47

The US economy is at an “inflection point” with expectations that growth and hiring will pick up speed in the months ahead, but also risks if a hasty reopening leads to a continued increas...

Economists suggest increasing budgetary spending so that money flows into people's pockets

Economists suggest increasing budgetary spending so that money flows into people's pockets

FE REPORT 2021-04-12 08:12:42

Country's leading economists on Sunday suggested the government pursue an expansionary fiscal policy and increase its spending to help money flow into the people's hands. They also recommended wideni...

Finance Minister Kamal upbeat about 7.4pc growth target

Finance Minister Kamal upbeat about 7.4pc growth target

FHM Humayan Kabir 2021-04-11 12:50:30

1. We are observing that the Bangladesh economy is showing 'signs of recovery' even after COVID-19 pandemic. Do you think that the economy will fully rebound within this FY2021 as the govt. targets...

Adviser Mashiur Rahman backs business-friendly tax regime

Adviser Mashiur Rahman backs business-friendly tax regime

FE REPORT 2021-04-11 10:28:23

Prime Minister's Economic Affairs Adviser Dr Mashiur Rahman on Saturday stressed the need for a business-friendly tax regime that would not change frequently and hinder the business growth. "Frequent...

Finance minister wary of external shocks amid Covid-19

Finance minister wary of external shocks amid Covid-19

FHM Humayan Kabir 2021-04-11 08:37:34

Finance Minister AHM Mustafa Kamal has identified "external shocks and the possibility of slower global economic recovery" as the main challenges to Bangladesh's economic rebound amid the Covid-9 pa...

Stakeholders for economic recovery guideline in budget for FY22

Stakeholders for economic recovery guideline in budget for FY22

FE ONLINE REPORT 2021-04-10 20:18:31

Stakeholders and experts at a pre-budget discussion on Saturday called for a specific guideline in the next budget for economic recovery as the second wave is going on and it may have a huge implicati...

Official assistance offsets Covid food insecurity: Study

Official assistance offsets Covid food insecurity: Study

FE REPORT 2021-04-10 12:54:46

The government's support strengthened the food security of rural households in 2021, following the Covid-induced lockdown during April-May last year, according to a study. However, the overall food...

Government’s bank borrowings during July-March period drop

Government’s bank borrowings during July-March period drop

Reuters 2021-04-10 09:17:55

The government's borrowing from the country's banking system dropped significantly in the first nine months of this fiscal year (FY), 2020-21, with an increasing reliance on the National Savings Depar...

Solar home system scheme benefits Bangladesh $1.7b

Solar home system scheme benefits Bangladesh $1.7b

FE Report 2021-04-09 17:22:09

Bangladesh's net benefit for using the solar home system (SHS) was estimated at US$1.7 billion at constant 2018 US dollar price, said a World Bank (WB) report. It said the net financial gain of Bangl...

IMF, WB to unveil 'green debt swaps' option by November

IMF, WB to unveil 'green debt swaps' option by November

-- 2021-04-09 14:18:57

Green debt swaps have the potential to spur accelerated action on climate change in developing countries, the head of the International Monetary Fund said on Thursday, pledging to present an option fo...