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Search results for: economy

Green Delta Ins, Nagad jointly launch fundraising platform for helping farmers    

Green Delta Ins, Nagad jointly launch fundraising platform for helping farmers  

FE Online Desk 2020-05-01 16:41:10

Green Delta Insurance Company (GDIC) and Nagad have jointly took on a fundraising initiative for helping the farmers’ community of Bangladesh under a platform named “Amra Korbo Joy&rdquo...

Hit by lockdown, Nepal cuts growth forecast to lowest in four years

Hit by lockdown, Nepal cuts growth forecast to lowest in four years

REUTERS 2020-05-01 14:14:59

Nepal has cut its economic growth forecast for the fiscal year that ends in mid-July to the lowest in four years, saying on Thursday the country had taken a hit from a nationwide lockdown to control t...

BB enhances foreign currency support to commercial banks

BB enhances foreign currency support to commercial banks

Siddique Islam 2020-05-01 09:35:53

The central bank has strengthened its foreign currency support to the commercial banks to settle their import payment obligations particularly for petroleum products, officials said. As part of the m...

SAPL provides alternative import logistics solutions to Bangladesh

SAPL provides alternative import logistics solutions to Bangladesh

FE Online Desk 2020-04-30 22:33:34

Summit Alliance Port Limited’s Inland Water Container Terminal (SAPL’s IWCT) located at Muktarpur, Munshiganj with substantial customs-bonded storage capacities and presence of Bangladesh...

GDP down 3.3pc in euro area, 2.7pc in EU in Q1

GDP down 3.3pc in euro area, 2.7pc in EU in Q1

-- 2020-04-30 15:55:46

Euro area economy contracted 3.3 per cent in the first quarter (Q1) year on year, while the broader European Union economy contracted 2.7 per cent year on year, the bloc's statistical office said on T...

Forex reserve reaches $33b on lower import

Forex reserve reaches $33b on lower import

Siddique Islam 2020-04-30 09:33:11

The country's foreign exchange (forex) reserve reached at US$33 billion-mark on Wednesday following lower import payment pressure on the economy due to the worldwide spread of coronavirus pandemic....

NBR orders partial VAT office opening till May 5

NBR orders partial VAT office opening till May 5

FE REPORT 2020-04-30 09:31:55

All field-level value-added tax (VAT) offices will work on a limited scale during public holidays until May 05 to keep the revenue collection process uninterrupted. As instructed by the National Boar...

Half of global workforce at risk of losing livelihoods: ILO

Half of global workforce at risk of losing livelihoods: ILO

FE Online Report 2020-04-29 18:24:20

Nearly half of global workforce is at risk of losing livelihoods due to growing number of job losses amid the Covid-19 pandemic. The continued sharp decline in working hours globally due to the COV...

Zoom selects Oracle as a cloud infrastructure provider

Zoom selects Oracle as a cloud infrastructure provider

FE Online Desk 2020-04-29 17:14:36

Oracle on Wednesday announced that Zoom Video Communications, Inc. is turning to Oracle Cloud Infrastructure to support its growth and evolving business needs as the enterprise video communications...

LafargeHolcim distributes food packets, masks

LafargeHolcim distributes food packets, masks

FE Online Desk 2020-04-29 17:01:28

LafargeHolcim Bangladesh has recently distributed food packets and breathing masks among the local communities around its Meghna Plant of Sonargaon Upazilla in Narayanganj in collaboration with Sonarg...

Federal Reserve’s four radical moves to save economy

Federal Reserve’s four radical moves to save economy

BBC 2020-04-29 16:34:29

As policymakers from America's central bank prepare to meet - virtually - this week, they will be looking to see if the extraordinary steps they have taken to confront the world's most severe economic...

Saudi foreign reserves fall at fastest in at least two decades

Saudi foreign reserves fall at fastest in at least two decades

Reuters 2020-04-29 14:51:03

Saudi Arabia’s central bank foreign reserves fell in March at their fastest rate in at least 20 years and to their lowest since 2011, while the kingdom slipped into a $9 billion budget deficit i...

SANEM for interest-free loans for farmers

SANEM for interest-free loans for farmers

FE ONLINE DESK 2020-04-29 14:51:03

South Asian Network on Economic Modeling (SANEM) has called giving farmers for interest-free loan, rather than a 4.0 per cent interest loan for them. Dr. Selim Raihan, Executive Director of the SANEM...

‘Behavioural change in public spaces key to overcome virus impact’ 

‘Behavioural change in public spaces key to overcome virus impact’ 

Jasim Uddin Haroon 2020-04-29 13:43:23

Coronavirus is going to change the way we do things in our society- from handshake to how we behave in public places. The social distancing, physical distancing to be accurate, is likely to stay until...

Two million garment jobs 'at risk' as clothes orders dry up

Two million garment jobs 'at risk' as clothes orders dry up

BBC 2020-04-29 12:20:42

High Street fashion emporiums around the world have closed their doors for lockdowns, but the largely forgotten victims are thousands of miles from the glass and steel-fronted shopping arcades. Sabin...

‘Economic recovery after virus pandemic would be challenging’

‘Economic recovery after virus pandemic would be challenging’

FE ONLINE REPORT 2020-04-28 23:08:46

Finance Minister AHM Mustafa Kamal has advised the banking sector leaders to keep non-performing loan (NPL) at a tolerable level as the economic recovery after COVID-19 pandemic would be challenging....

PKSF affiliates donate Tk 270m for the poor

PKSF affiliates donate Tk 270m for the poor

FE Online Desk 2020-04-28 19:25:01

The Palli Karma-Sahayak Foundation (PKSF) through its affiliated organisations has provided assistance worth about Tk 27 crore to the poor affected by the Covid-19 shutdown. PKSF, in a statement issu...

UN lays out roadmap to lift economies, save jobs after COVID-19

UN lays out roadmap to lift economies, save jobs after COVID-19

Xinhua 2020-04-28 18:43:15

In a new framework released Monday as a roadmap to support countries' path to social and economic recovery, the United Nations called for an extraordinary scale-up of international support and politic...

German economy to contract by 6.6pc in 2020

German economy to contract by 6.6pc in 2020

-- 2020-04-28 15:05:32

German economic institute Ifo has said it expected the economy to contract by 6.6 per cent in 2020 year-on-year due to the coronavirus pandemic. It said on Tuesday that the Europe’s largest eco...

Next ADP to focus on virus, farm, safety net

Next ADP to focus on virus, farm, safety net

FHM Humayan Kabir 2020-04-28 09:14:29

The Planning Commission is working on framing the Annual Development Programmer, or ADP, for the fiscal year, 2020-21 with an eye on rebuilding the economy, unsettled by coronavirus and shutdown, of...

Internal revenue collection: 2.73pc negative growth in March

Internal revenue collection: 2.73pc negative growth in March

Doulot Akter Mala 2020-04-28 09:04:07

The economic downturn due to COVID-19 has severely affected the country's internal revenue collection that posted 2.73-per cent negative growth in March 2020. During the period under review, the Nati...

Interest rate on farm loans now 4pc

Interest rate on farm loans now 4pc

-- 2020-04-27 19:21:51

Bangladesh Bank has lowered the interest rate on agricultural loans to four per cent from nine per cent and the new rate will continue until June 30, 2021. The central bank will provide the remaining...

BB announces Tk 100b lending scheme for SMEs

BB announces Tk 100b lending scheme for SMEs

-- 2020-04-27 16:48:06

The Bangladesh Bank has announced a Tk 100 billion refinancing fund to provide working capital for small and medium-sized enterprises (SMEs) affected by the nationwide shutdown over the coronavirus ou...

MTBians donate one-day salary   

MTBians donate one-day salary  

FE Online Desk 2020-04-27 14:30:52

Employees of Mutual Trust Bank Limited (MTB) have donated their one-day salary for the people in need, who have been suffering during the nationwide shutdown due to the coronavirus pandemic and to h...

White House shifting focus to economy

White House shifting focus to economy

AP 2020-04-27 11:56:54

The White House is planning to shift President Donald Trump's public focus to burgeoning efforts aimed at easing the economic devastation caused by coronavirus (COVID-19) pandemic. Days after he publ...

Job losses loom in US as states set to reopen

Job losses loom in US as states set to reopen

Reuters 2020-04-27 10:16:56

Another wave of states prepared to ease coronavirus restrictions on US commerce this week, despite health experts warning there is still too little diagnostic testing, while the White House forecast a...

Exchange rate: Bafeda steps in to halt abnormal quoting

Exchange rate: Bafeda steps in to halt abnormal quoting

SIDDIQUE ISLAM 2020-04-27 09:03:01

Foreign currency dealers have requested its member banks to maintain a benchmark for quoting exchange rates to the overseas firms engaged in remitting money to the country. The Bangladesh Foreign Exc...

Virus may force auditors to modify financial statements

Virus may force auditors to modify financial statements

Jasim Uddin Haroon 2020-04-27 08:47:11

New challenges have emerged in preparing financial statements for business entities in the aftermath of COVID 19. The auditors, in a report submitted to the Financial Reporting Council (FRC) recently...

Restarting Canadian economy doesn’t hinge on coronavirus 'immunity': Trudeau

Restarting Canadian economy doesn’t hinge on coronavirus 'immunity': Trudeau

REUTERS 2020-04-26 15:50:21

Plans underway to restart the economies of Canadian provinces do not depend on presuming people who become infected with coronavirus develop immunity to it, Canadian Prime Minister Justin Trudeau said...

Economists suggest taking advice from health experts on reopening of different sectors

Economists suggest taking advice from health experts on reopening of different sectors

Mir Mostafizur Rahaman 2020-04-26 09:07:40

The first one month of the ongoing lockdown that ends today (Sunday) has already affected the country's economy seriously. The Health Economics Department estimates the loss during the first one mont...