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Search results for: economy

ADB grants $22m to support Sri Lankan farmers 

ADB grants $22m to support Sri Lankan farmers 

-- 2022-12-21 19:51:45

The Asian Development Bank (ADB) has granted 8.0 billion Sri Lankan rupees (22 million US dollars) to support 1.2 million farming families in Sri Lanka, the President's Media Unit (PMD) has said.&nbsp...

Global economy bets on China learning to live with Covid

Global economy bets on China learning to live with Covid

-- 2022-12-21 12:31:59

Those who believe the world economy can avoid the hardest of landings next year are watching China closely to see whether its move to loosen pandemic restrictions will help that scenario come about or...

India's post-Covid spending boom drives two-speed economy

India's post-Covid spending boom drives two-speed economy

-- 2022-12-21 10:14:16

India is set to be the world's fastest-growing major economy in the year ahead, as a post-pandemic retail boom and recent bank balance-sheet repairs lure new investment, fueling hot demand for everyth...

Next budget Tk 7.46t, GDP growth target set at 7.5pc

Next budget Tk 7.46t, GDP growth target set at 7.5pc

FE REPORT 2022-12-21 08:46:13

Resource mobilisation from both internal and external sources remains a key challenge for the government to finance a big new budget outlined Tuesday apace with Bangladesh's aspired economic growth, e...

Austerity, scarce project- aid matching funds squeeze ADP

Austerity, scarce project- aid matching funds squeeze ADP

FHM HUMAYAN KABIR 2022-12-20 08:54:33

Tightfisted spending for scarce funds amid global crisis squeezes Bangladesh's Annual Development Programme in the current fiscal as many public agencies seek smaller amounts than their project- aid...

Resource raising ineptitude increasing public debts

Resource raising ineptitude increasing public debts

FE REPORT 2022-12-20 08:47:59

Resource-raising ineptitude is resulting in the ballooning of public debts and squeezing people's-welfare spending, economists and experts said Monday and stressed narrowing Bangladesh's wide tax-GDP...

RMG export to EU witnesses 16.27pc growth during July-Nov

RMG export to EU witnesses 16.27pc growth during July-Nov

-- 2022-12-19 19:58:46

The export of RMG items to the European Union (EU) has witnessed 16.27 per cent growth during the July-November period of this year compared to the same period last year.  As per the statistics...

Bangladesh Bank creates fund to utilise undisbursed portion of farm loans

Bangladesh Bank creates fund to utilise undisbursed portion of farm loans

-- 2022-12-19 19:51:37

Bangladesh Bank (BB) has taken a decision to form a fund, titled Bangladesh Bank Agricultural Development Common Fund (BBADCF), for increasing farm production. Under the initiative, banks would depos...

FBCCI keen to enhance bilateral trade relations with Mozambique 

FBCCI keen to enhance bilateral trade relations with Mozambique 

-- 2022-12-19 19:50:04

The FBCCI Senior Vice President Mostofa Azad Chowdhury has said the federation is looking to enhance bilateral trade relations and investment opportunities between Bangladesh and Mozambique.  &l...

Process underway to sign manpower export MoUs with Croatia, Serbia: Minister

Process underway to sign manpower export MoUs with Croatia, Serbia: Minister

-- 2022-12-19 17:34:55

Expatriates’ Welfare and Overseas Employment Minister Imran Ahmad has said a process continues to sign memorandum of understanding (MoUs) with several European countries including Croatia and Se...

Next budget size likely Tk 7.5t

Next budget size likely Tk 7.5t

FE REPORT 2022-12-19 08:38:16

With sights set on the upcoming general election, the government may target a larger annual budget for the next fiscal year as a coordination council on fiscal and monetary matters, and currency excha...

Loans won’t be considered ‘at risk of default’ if 50pc instalment paid by Dec: BB

Loans won’t be considered ‘at risk of default’ if 50pc instalment paid by Dec: BB

-- 2022-12-18 18:25:41

Bangladesh Bank has allowed deferred payment, half of the instalment of the term loan (industrial loan) for the last quarter (October-December) of this year – to reduce classified loan volume....

Iran central bank governor blames protests for currency's fall

Iran central bank governor blames protests for currency's fall

FE ONLINE DESK 2022-12-18 12:20:03

Iran's central bank governor on Saturday partly blamed recent anti-government unrest for the fall of the Iranian currency to record lows, while authorities detained a prominent actress who...

Export of services earning substantial forex

Export of services earning substantial forex

FHM Humayan Kabir 2022-12-18 08:59:24

Bangladesh's services sector sustains increased export earnings even during this global economic crisis as it posted 6.12-percent growth in the first quarter of the current fiscal, official data show,...

'China now largest FDI source of BD'

'China now largest FDI source of BD'

FE REPORT 2022-12-18 08:52:48

China has become the largest FDI (foreign direct investment) source country of Bangladesh in terms of the gross flow of $940 million for fiscal year 2022. It has also ranked top in foreign investors...

Banking sector heading for 'deep trouble'

Banking sector heading for 'deep trouble'

FE REPORT 2022-12-18 08:47:44

Economists at a meet Saturday said the banking sector was heading for 'deep trouble' while the economy facing problems, leaving commoners in woes amid living-cost escalation. The Centre for Policy...

Ensure depositors’ trust and good governance in banks: Economists

Ensure depositors’ trust and good governance in banks: Economists

-- 2022-12-17 17:32:14

Economists, during a discussion today, said the country’s banking sector is under threat due to lack of trust and good governance in banks.Influential groups are involved, which is alarming for...

Five Shariah-based banks under 'close watch' after reports of suspicious lending

Five Shariah-based banks under 'close watch' after reports of suspicious lending

-- 2022-12-17 10:02:16

Bangladesh Bank has launched fresh efforts to closely supervise five of the 10 Islamic banks in the country following allegations of irregularities in the disbursement of big loans, bdnews24.com repor...

Sri Lanka's economy shrinks 11.8pc in Q3

Sri Lanka's economy shrinks 11.8pc in Q3

-- 2022-12-15 18:20:58

Sri Lanka's economy shrank 11.8 per cent in the July-September quarter from a year ago, the second worst for the country, government data showed on Thursday, as it struggled with deep unrest sparked b...

Sri Lanka expects up to $8bn more in loans, asset restructuring

Sri Lanka expects up to $8bn more in loans, asset restructuring

FE ONLINE DESK 2022-12-15 10:33:45

Sri Lanka is expecting as much as $5 billion in loans next year from multilateral agencies besides an IMF deal, while the government is aiming to raise up to $3 billion via restructuring of stat...

Govt tightens its spending further

Govt tightens its spending further

FE REPORT 2022-12-15 08:48:22

In the wake of adverse global economic situation, the government has further cut its spending from the national budget for the current fiscal year (FY). The finance division in a notification issued...

Panic withdrawal, savings squeeze reduce banking liquidity

Panic withdrawal, savings squeeze reduce banking liquidity

JUBAIR HASAN 2022-12-15 08:23:30

Liquidity situation of banks continues to be under stress as total liquid assets in Bangladesh's banking system declined 5.92 per cent in October compared to June 2022 position. According to the mont...

Global trade growth turns negative after record year: UNCTAD

Global trade growth turns negative after record year: UNCTAD

-- 2022-12-14 22:11:43

The UN trade facilitation agency has said global trade is set to hit a record high of $32 trillion in 2022, but inflation has reversed some of the gains made in recent months. The global growth turne...

TCB to procure 27.5 million litres of soybean oil for OMS programme

TCB to procure 27.5 million litres of soybean oil for OMS programme

-- 2022-12-14 19:07:55

State-owned Trading Corporation of Bangladesh (TCB) will procure 27.5 million litres of Soybean oil from local suppliers for its Open Market Sale (OMS) programme. Cabinet Committee on Government Purc...

E-commerce market size to reach Tk 1.5t by 2026

E-commerce market size to reach Tk 1.5t by 2026

-- 2022-12-14 18:02:49

Speakers at a discussion have said that proper regulatory measures could help boost the e-commerce business in Bangladesh by creating a sustainable image of the sector already been wounded by some b...

UK inflation eases in Nov, remains close to 40-year high

UK inflation eases in Nov, remains close to 40-year high

-- 2022-12-14 16:58:23

UK inflation eased in November as gasoline and diesel prices rose more slowly than the previous month. The consumer price index rose 10.7 per cent in the 12 months through November, down from a 41-ye...

Bangladesh seeks Sweden's continued support to make LDC graduation smooth

Bangladesh seeks Sweden's continued support to make LDC graduation smooth

-- 2022-12-14 16:43:54

State Minister for Foreign Affairs Md Shahriar Alam has said Bangladesh looks forward to Sweden's continued support to make the LDC graduation smooth and sustainable. He hoped that Bangladesh's onwar...

Govt aims to increase money supply to 16.5pc

Govt aims to increase money supply to 16.5pc

-- 2022-12-14 16:12:02

The government has fixed a target to increase the money supply to 16.5 per cent from the existing 15.6 per cent in the next two fiscals. As per a government document, in 2022-23 fiscal, the rate of...

IMF not expected to approve Sri Lanka’s bailout before year-end

IMF not expected to approve Sri Lanka’s bailout before year-end

-- 2022-12-14 12:57:10

The executive board of the International Monetary Fund is not expected to formally approve Sri Lanka's $2.9 billion bailout before year-end, a key step required for the embattled country to receive fu...

ADB trims growth outlook for developing Asia

ADB trims growth outlook for developing Asia

REUTERS 2022-12-14 12:24:47

The Asian Development Bank cut its growth forecasts for developing Asia for this year and next as the region faces persistent headwinds from the Russia-Ukraine conflict, China's COVID-19 policies, and...