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The Financial Express

Search results for: economy

Over 60pc Bangladeshis lost jobs to Covid in March-April 2020: Survey

Over 60pc Bangladeshis lost jobs to Covid in March-April 2020: Survey

FE Report 2021-05-06 09:34:36

A survey found that 61.57 per cent people had lost their jobs in March and April last year, due to adverse economic impact of the Covid-19 lockdown. Only 15 per cent of these people returned to their...

Tk 6.0-trillion budget to be placed in parliament on June 3

Tk 6.0-trillion budget to be placed in parliament on June 3

FE REPORT 2021-05-06 09:21:20

The government is expected to place a Tk. 6.0 trillion national budget for the fiscal year (FY2021-22) in parliament on June 03 next, people familiar with the development said on Wednesday. They said...

Bangladesh to prepare action plan on post-LDC challenges within a month

Bangladesh to prepare action plan on post-LDC challenges within a month

-- 2021-05-05 22:07:21

Bangladesh is going to prepare an action plan within one month to tackle the possible challenges of Bangladesh’s graduation from the status of a least developed country (LDC) after sorting out t...

Indonesia economy shrinks 0.74pc in first quarter

Indonesia economy shrinks 0.74pc in first quarter

-- 2021-05-05 14:15:45

Indonesia’s economy shrank for the fourth straight quarter in January-March but at a much more modest pace, statistics bureau data showed on Wednesday. Southeast Asia’s largest economy co...

Economists, business leaders call for framing virus-centric budget

Economists, business leaders call for framing virus-centric budget

FE REPORT 2021-05-05 09:33:34

Economists and business leaders on Tuesday unequivocally criticised the existing budgetary provision for legalising 'black money' and said the opportunity is biased against the honest taxpayers. They...

NBR to settle 30,000 'short shipments' thru' Asycuda

NBR to settle 30,000 'short shipments' thru' Asycuda

DOULOT AKTER MALA 2021-05-04 10:14:51

The National Board of Revenue (NBR) has decided to settle some 30,000 export shipments using Asycuda system following difficulties of the exporters concerned to avail cash incentives from the central...

India disburses only 12pc of pledged credit so far

India disburses only 12pc of pledged credit so far

FHM HUMAYAN KABIR 2021-05-04 10:10:50

India has disbursed only US$895 million worth of assistance in last one decade against its commitment of $7.50 billion worth of three lines of credit (LoCs) during the period, officials said on Friday...

Bangladesh's foreign exchange reserve crosses $45b mark

Bangladesh's foreign exchange reserve crosses $45b mark

SIDDIQUE ISLAM 2021-05-04 09:55:44

Bangladesh's foreign exchange (forex) reserve crossed US$45 billion-mark for the first time on Monday following lower import payment obligations and higher growth of inward remittance, officials said....

Corn crop brings prosperity in northern region

Corn crop brings prosperity in northern region

THOMSON REUTERS FOUNDATION 2021-05-03 15:25:10

The people of Shaniazan union, in northern Bangladesh, still remember when a river burst its banks in the early 1990s and engulfed their homes, leaving the land too sandy to grow traditional rice and...

One in two people globally lost income due to Covid-19: Survey

One in two people globally lost income due to Covid-19: Survey

Reuters 2021-05-03 11:55:12

One in two people worldwide saw their earnings drop due to the coronavirus, with people in low-income countries particularly hard hit by job losses or cuts to their working hours, research showed on M...

Indian industry body urges curbs to economic activity to save lives

Indian industry body urges curbs to economic activity to save lives

Reuters 2021-05-03 10:56:57

A leading Indian industry body urged authorities to take the “strongest national steps” and to curtail economic activity to save lives on Sunday as the country battles surging coronavirus...

Remittance rules relaxed for e-CAB members

Remittance rules relaxed for e-CAB members

-- 2021-05-03 09:34:55

The central bank has allowed banks to provide remittance facilities to the e-commerce platforms for facilitating their activities in Bangladesh, officials said. All authorized dealer (AD) banks are n...

Bangladesh's business confidence shattered by Covid surge: Survey

Bangladesh's business confidence shattered by Covid surge: Survey

-- 2021-05-03 09:14:01

Industries are again worried about their future as business activities have slowed down in the second quarter of 2021 following a strong resurgence of the Covid-19, according to a survey. As per the...

68pc of businesses yet to receive any stimulus, says SANEM

68pc of businesses yet to receive any stimulus, says SANEM

UNB 2021-05-02 22:38:11

Insufficient allocation, lengthy procedure, difficulty in bank-related services, and lack of information about the procedure left 68 per cent of businesses unable to avail the government's stimulus pa...

Export earnings reach $3.13b in April

Export earnings reach $3.13b in April

FE Online Report 2021-05-02 20:50:45

The single month export earnings in April, 2021 grew by over 500 per cent to $3.13 billion mainly due to reopening of major importing countries’ economies that helped the recovery of readymade...

Remittance inflow witnesses 39pc growth in 10 months

Remittance inflow witnesses 39pc growth in 10 months

-- 2021-05-02 20:02:27

Expatriate Bangladeshis sent $20,672 million in remittance during the first 10 months of the current fiscal 2020- 21, which is apparently 39 per cent higher than the same period of the preceding year,...

India April trade deficit at $15.24 billion

India April trade deficit at $15.24 billion

REUTERS 2021-05-02 15:12:16

India’s trade deficit in goods was $15.24 billion in April, preliminary data released by the government on Sunday showed. Merchandise exports rose to $30.21 billion for the month from $10.17 bi...

Dhaka, Delhi need much stronger framework for future economic ties, says Debapriya

Dhaka, Delhi need much stronger framework for future economic ties, says Debapriya

-- 2021-05-01 17:24:29

Distinguished Fellow at the Centre for Policy Dialogue (CPD) Dr Debapriya Bhattacharya has said Bangladesh and India need a “much more robust framework” for their future economic relations...

Government unlikely to meet bank borrowing target this fiscal

Government unlikely to meet bank borrowing target this fiscal

SIDDIQUE ISLAM 2021-05-01 09:41:17

The government's bank borrowing target is unlikely to be achieved by the end of this fiscal year (FY) due to lower implementation of the annual development programme (ADP) caused by the ongoing Covid-...

Bangladesh's fiscal space, deficit set to take a hit

Bangladesh's fiscal space, deficit set to take a hit

JASIM UDDIN HAROON 2021-05-01 09:39:37

The ongoing 'lockdown', enforced to curb Covid infections and fatalities, is set to cut the country's economic growth prospects for the current financial year (FY 2020-21). The economy was in a recov...

'Bangladesh has to make doing business easy'

'Bangladesh has to make doing business easy'

OUR CORRESPOMDENT 2021-04-30 10:59:18

CHATTOGRAM: After its United Nations status graduation in 2026, Bangladesh may lose most of the preferential trade benefits from countries and blocs of its main export destinations if the South Asian...

Small businesses count on next budget to stay afloat

Small businesses count on next budget to stay afloat

-- 2021-04-29 15:29:28

Hit hard by the second wave of the Covid-19 pandemic, Bangladesh's small and medium enterprises (SMEs) are now pinning hopes on the upcoming budget to stay afloat. Not to mention that the survival of...

Govt’s 7.4pc growth projection ‘highly optimistic’, says CPD

Govt’s 7.4pc growth projection ‘highly optimistic’, says CPD

FE Online Report 2021-04-29 12:32:20

A leading think-tank today (Thursday) terms the government’s forecast that the country’s economy would grow by 7.40 per cent in the current fiscal year (FY21) ‘a highly optimistic pr...

22-member high powered body formed to tackle LDC graduation challenges

22-member high powered body formed to tackle LDC graduation challenges

FE REPORT 2021-04-29 10:49:54

The Prime Minister's Office (PMO) has formed a high-powered committee to find out the possible challenges of the country after graduating from the least developed country (LDC) in 2026 and overcome...

Tk 12.93b sought for paying tax for widening 54km road

Tk 12.93b sought for paying tax for widening 54km road

FHM HUMAYAN KABIR 2021-04-29 10:41:54

The Roads and Highways Department (RHD) has sought to spend Tk 12.93 billion as tax and VAT for widening a 54km road with support from the Indian Line of Credit (LoC) in eastern Bangladesh, insiders h...

GDP growth to pick up on stimulus, says ADB

GDP growth to pick up on stimulus, says ADB

-- 2021-04-28 14:11:43

Bangladesh, which weathered the pandemic better than most economies in South Asia, will continue to grow strongly as exports pick up. The country’s GDP growth is projected to accelerate 6.8 per...

Tax revenue soars 22.65pc in March

Tax revenue soars 22.65pc in March

DOULOT AKTER MALA 2021-04-28 09:54:15

Tax revenue collection in the month of March registered a hefty 22.65 per cent growth despite Covid-19 pandemic thanks to a surge in import of goods. According to data of the National Board of Revenu...

China's digital yuan expands from consumer payments to business scenarios

China's digital yuan expands from consumer payments to business scenarios

Global Times 2021-04-27 15:36:00

The application of China's Digital Currency Electronic Payment (DC/EP), also known as digital yuan, which has already been on a fast development track since last year, is taking another critical step...

Pandemic-induced boom in e-commerce adds jobs in Bangladesh

Pandemic-induced boom in e-commerce adds jobs in Bangladesh

-- 2021-04-27 11:14:57

A boost in e-commerce business fuelled by the trend of staying home amid the coronavirus pandemic has generated jobs in the sector while other areas of the economy are struggling to cope up with the s...

Banks can form start-up fund with 1.0pc of net profits

Banks can form start-up fund with 1.0pc of net profits

SIDDIQUE ISLAM 2021-04-27 09:32:43

The central bank has amended its policy allowing all banks to form their own start-up fund with 1.0 per cent of net profits instead of operating ones earlier, officials said. To provide start-up entr...