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The Financial Express

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UN recommends Bangladesh's graduation from LDC category

UN recommends Bangladesh's graduation from LDC category

FE ONLINE DESK 2021-02-27 12:10:29

The United Nations Committee for Development Policy (CDP) has recommended Bangladesh's graduation from the LDC (least developed country) category. The recommendation came at the CDP's triennial revie...

Microcredit regulator forms committee to cut microloan interest rates

Microcredit regulator forms committee to cut microloan interest rates

ISMAIL HOSSAIN 2021-02-27 08:39:29

A move is underway to slash the existing 24 per cent interest rate or service charge, as imposed by the micro-finance institutions (MFIs), to give poor borrowers some relief. The Microcredit Regula...

Bangladesh to receive final recommendation on graduation from LDC

Bangladesh to receive final recommendation on graduation from LDC

-- 2021-02-26 16:35:22

Bangladesh is set to receive the final recommendation on its graduation from the least developed country status, as the nation marks the golden jubilee of its independence. Prime Minister Sheikh Hasi...

Revenue earning falls short of  target by Tk 368b in July-Jan

Revenue earning falls short of target by Tk 368b in July-Jan

DOULOT AKTER MALA 2021-02-26 10:55:53

The revenue collection fell by Tk 368.41 billion short of the target in the first seven months of the current fiscal year (FY) as businesses are yet to overcome the Covid-19 fallout. However, the Nat...

Bangladesh economy starts recovering, but hurdles remain: MCCI

Bangladesh economy starts recovering, but hurdles remain: MCCI

FE REPORT 2021-02-26 10:54:08

Bangladesh's economy has started recovering from the Covid-19 shocks, although some major challenges are there in some areas for maintaining its growth momentum, the Metropolitan Chamber of Commerce a...

Planning Commission proposes slashing down development budget by Tk 75b

Planning Commission proposes slashing down development budget by Tk 75b

FHM HUMAYAN KABIR 2021-02-26 10:43:19

The Planning Commission (PC) on Thursday finalised the draft of Revised Annual Development Programme (RADP) for the current fiscal year (FY), reducing the allocations by Tk 75 billion to Tk 1.97 trill...

China central bank adviser predicts 8-9pc GDP growth in 2021

China central bank adviser predicts 8-9pc GDP growth in 2021

-- 2021-02-26 10:33:32

China’s gross domestic product (GDP) could expand 8-9 per cent in 2021 as it continues to rebound from the COVID-19 pandemic, Liu Shijin, a policy adviser to the People’s Bank of China, sa...

Covid-19 impact: NBR devises ways to boost revenue collection

Covid-19 impact: NBR devises ways to boost revenue collection

-- 2021-02-25 17:10:03

The National Board of Revenue (NBR) has devised five strategies to boost its revenue collection offsetting the negative impacts of the Covid-19 pandemic. The decision to adopt the methods was taken a...

Saudi Arabia's PIF launches $3b tourism, infrastructure venture

Saudi Arabia's PIF launches $3b tourism, infrastructure venture

Reuters 2021-02-25 13:02:12

Saudi Arabia’s Public Investment Fund (PIF) launched a new venture that will invest $3 billion in developing tourism and infrastructure in the southwestern Asir region, the state news agency SPA...

Authorised dealers can give loan in Taka to Type-C units of EPZs

Authorised dealers can give loan in Taka to Type-C units of EPZs

FE REPORT 2021-02-25 08:34:36

The Authorised Dealers (ADs) have been allowed to extend loan facilities to the Type-C industries of the Export Processing Zones (EPZs) in Taka, as admissible to such industries outside the EPZs. S...

Bridging gap between planners and beneficiaries emphasised

Bridging gap between planners and beneficiaries emphasised

FE REPORT 2021-02-24 09:00:32

Planning Minister M A Mannan said there should be a bridge between the country's development plan makers and the root-level beneficiaries to reap optimum benefits of development. "We usually formul...

Glitch stops investors from buying govt savings tools

Glitch stops investors from buying govt savings tools

Doulot Akter Mala 2021-02-24 08:46:45

Aspirant investors are facing difficulties to buy the government's savings tools due to technical glitch in the system concerned. A number of investors have complained that they could not buy the t...

Youth livelihoods severely affected by Covid-19

Youth livelihoods severely affected by Covid-19

FE REPORT 2021-02-24 08:21:22

The Covid-19 pandemic has wreaked havoc on the livelihoods of the country's young populations with nearly 70 per cent of them witnessing a fall in income, a study revealed on Tuesday. The loss of e...

EU to call on G20 not to withdraw Covid-19 stimulus too early

EU to call on G20 not to withdraw Covid-19 stimulus too early

-- 2021-02-23 11:16:59

The European Union will call on financial leaders of the world’s 20 biggest economies this week to keep pumping money into the global economy as long as is needed for it to recover from the Covi...

Bangladesh urged to sign Singapore convention on mediation

Bangladesh urged to sign Singapore convention on mediation

FE REPORT 2021-02-23 08:23:04

Experts have suggested that Bangladesh sign the Singapore convention on mediation to encourage foreign direct investment (FDI) as investors often seek amicable methods of commercial dispute resoluti...

Myanmar anti-coup protests shut businesses

Myanmar anti-coup protests shut businesses

-- 2021-02-22 11:28:15

Businesses shut in Myanmar on Monday in a general strike called to oppose the military coup and thousands of protesters gathered despite a threat from authorities that confrontation could cost lives....

Bangladesh plans large-scale commercial coffee production as cultivation gains traction

Bangladesh plans large-scale commercial coffee production as cultivation gains traction

-- 2021-02-21 16:08:14

Buoyed by a surge in interest in coffee farming that had a modest beginning in the Chattogram Hill Tracts back in the 1990s, Bangladesh plans large-scale commercial production of coffee beans. Coffee...

57,000 companies come under tax net

57,000 companies come under tax net

FE REPORT 2021-02-21 09:00:16

An estimated 70 per cent or 57,000 companies have been brought under tax net in just three months, thanks to a document verification system (DVS). A corporate compliance taskforce report of the Nat...

Oil, gas companies in trouble due to tax complexities

Oil, gas companies in trouble due to tax complexities

DOULOT AKTER MALA 2021-02-21 08:36:34

The International Oil Companies (IOCs) as well as local ones are facing complexities in releasing imported supplies and equipment for gas plants from the ports due to imposition of taxes. The IOCs...

Oil, gas companies in trouble due to tax complexities

Oil, gas companies in trouble due to tax complexities

DOULOT AKTER MALA 2021-02-21 08:36:34

The International Oil Companies (IOCs) as well as local ones are facing complexities in releasing imported supplies and equipment for gas plants from the ports due to imposition of taxes. The IOCs...

Bangladesh's publishing industry hit hard by pandemic

Bangladesh's publishing industry hit hard by pandemic

JUBAIR HASAN and SAIF UDDIN 2021-02-21 08:06:53

Country's publishing industry is in dire straits due to the prolonged closure of educational institutions in the aftermath of the Covid-19 pandemic. The closure has cut down the sales of publishing h...

NBR seeks budget proposals from chambers, associations for next fiscal

NBR seeks budget proposals from chambers, associations for next fiscal

-- 2021-02-20 19:16:23

The National Board of Revenue (NBR) has sought budget proposals from the chambers and associations as the government has started preparations for framing the national budget for fiscal year (FY2021-22...

World Bank may approve $1.6b vaccine funding for Bangladesh, 11 others

World Bank may approve $1.6b vaccine funding for Bangladesh, 11 others

-- 2021-02-20 18:34:26

The World Bank is likely to approve $1.6 billion in vaccine funding for 12 countries, including Bangladesh, the Philippines, Tunisia and Ethiopia, by the end of March. World Bank President David Malp...

World Bank, IMF to consider climate change in debt reduction talks

World Bank, IMF to consider climate change in debt reduction talks

-- 2021-02-20 16:04:38

The World Bank is working with the International Monetary Fund (IMF) on ways to factor climate change into the negotiations about reducing the debt burdens of some poor countries, World Bank President...

Dhaka objects to Delhi's fresh non-tariff barriers

Dhaka objects to Delhi's fresh non-tariff barriers

SYFUL ISLAM 2021-02-20 08:26:35

Bangladesh has raised an objection to India's request for increased verification of country-of-origin (CoO) certificates and attachment of a questionnaire to those since those will be in violation of...

Farm credit grows by 8.0pc in Jul-Jan

Farm credit grows by 8.0pc in Jul-Jan

FE REPORT 2021-02-19 08:44:05

The farm credit disbursement grew by nearly 8.0 per cent in the first seven months of the current fiscal year (FY), 2020-21, as the demand for such loans is picking up gradually due to seasonal effect...

Bangladesh among likely 'the fastest growing' economies in 2021

Bangladesh among likely 'the fastest growing' economies in 2021

JASIM UDDIN HAROON 2021-02-18 08:32:55

Bangladesh and Vietnam out of six Asian frontier markets are expected to remain among the fastest-growing world economies in 2021. The Washington-based International Institute of Finance (IIF) has ma...

ECNEC approves project to develop Dhaka-Sylhet road

ECNEC approves project to develop Dhaka-Sylhet road

-- 2021-02-16 18:19:34

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved a Tk 169.19 billion South Asia Subregional Economic Cooperation (SASEC) Dhaka-Sylhet Corridor Road Development proj...

Private land, water transportation add almost 11pc to GDP

Private land, water transportation add almost 11pc to GDP

FE Report 2021-02-16 10:13:29

The private sector commercial land and water transportations added 10.96 per cent value to the country's Gross Domestic Product (GDP), an official study showed. The Bangladesh Bureau of Statistics (B...

CPD concerned over fall in export, expenditure  

CPD concerned over fall in export, expenditure  

-- 2021-02-15 18:30:50

Centre for Policy Dialogue (CPD) on Monday said the decline in government expenditure and fall in export are the major concerns and discomfort for the country's economy. The civil society think tank...