Loading...
The Financial Express
Swasti Lankabangla Swasti Lankabangla

Search results for: economy

Bangladesh must ensure periodic review, suggest experts

Bangladesh must ensure periodic review, suggest experts

FE REPORT 2020-09-13 09:56:27

Speakers during a virtual consultation have suggested that Bangladesh should ensure periodic review of the UN-binding treaty on business and human rights. They also called for involving three types o...

New taxpayers to get Tk 2,000 discount on first online return submission

New taxpayers to get Tk 2,000 discount on first online return submission

-- 2020-09-12 17:30:30

The new taxpayers will enjoy a Tk 2,000 discount for submission of income tax returns through online. The National Board of Revenue (NBR) has made the decision to encourage online return submission,...

US consumer prices surge for 3rd month in August

US consumer prices surge for 3rd month in August

-- 2020-09-12 11:36:07

US consumer prices continued to rebound in August with the reopening of the world largest economy, but the overall inflation is expected to remain subdued due to the pandemic. The consumer price inde...

Current account returns to surplus in July

Current account returns to surplus in July

JASIM UDDIN HAROON 2020-09-12 09:41:18

The country's current account balance registered a surplus of approximately US$2.0 billion in July last against a deterioration of over $100 million a year earlier. This is mainly because of higher i...

Remittance incentive allowed from Jul'19

Remittance incentive allowed from Jul'19

FE REPORT 2020-09-11 09:28:50

Bangladesh Bank (BB) on Thursday said that expatriate workers serving with shipping or airlines owned by Bangladeshi or foreigners can enjoy cash incentives on remittance effective from July, 2019....

ADB approves $50m loans to fund, implement PPP infrastructure projects in Bangladesh

ADB approves $50m loans to fund, implement PPP infrastructure projects in Bangladesh

-- 2020-09-10 18:35:27

The Asian Development Bank (ADB) on Thursday confirmed US$50 million loans to promote, fund, and implement public-private partnership (PPP) infrastructure projects in Bangladesh.  The Manila-bas...

Govt counts on Tk 1.03t stimulus packages to offset COVID-19 shock

Govt counts on Tk 1.03t stimulus packages to offset COVID-19 shock

-- 2020-09-10 17:58:56

The government is relying on its declared Tk 1.03 trillion stimulus packages for various sectors to offset the COVID-19 shock and bring back normalcy in overall economic activities for calculating rel...

ADB discloses latest edition of annual statistical report for Asia-Pacific

ADB discloses latest edition of annual statistical report for Asia-Pacific

FE Online Report 2020-09-10 16:34:37

The Asian Development Bank (ADB) on Thursday unveiled its latest edition of annual statistical report for the Asia-Pacific region. The Manila-based lender launched two virtual statistical windows&mda...

World trade is slowly rebounding, indicates shipping data

World trade is slowly rebounding, indicates shipping data

FE Online Report 2020-09-10 12:04:04

After a big drop during the second quarter of 2020, the number of ships pulling into ports to unload and load containers rebounded in many parts of the world in the third quarter. Maritime shipping s...

New method to fix green financing rate

New method to fix green financing rate

FE REPORT 2020-09-10 09:48:59

The central bank on Wednesday introduced a new computation methodology to find the rate of green financing by banks and non-bank financial institutions. The new methodology will help reduce the over...

Govt's vision-2041 eyes big jump in investment

Govt's vision-2041 eyes big jump in investment

FHM Humayan Kabir 2020-09-10 09:22:13

The government has set a target of raising the gross investment-GDP (Gross Domestic Product) ratio to 46.88 by the year 2041, officials said on Wednesday. The target is 15.13 per cent higher than the...

IMF advocates more support for economic recovery

IMF advocates more support for economic recovery

-- 2020-09-09 21:18:57

The International Monetary Fund (IMF) has underscored the need for multilateral cooperation for economic recovery from ongoing global crisis due to coronavirus pandemic. In an essay published in Fore...

LDC group to seek support for 10 years after graduation

LDC group to seek support for 10 years after graduation

SYFUL ISLAM 2020-09-09 09:36:19

The group of least developed countries (LDCs) has opted to request the rich nations for extending support measures, available to the graduating LDCs, for at least a period of 10 years after they are e...

NBR expects big rise in corporate tax revenue

NBR expects big rise in corporate tax revenue

DOULOT AKTER MALA 2020-09-09 09:25:39

The tax authorities are hopeful about a substantial increase in corporate tax returns this year as they have put in place a number of measures to rope in the tax-evading companies and the companies th...

FM says GCA to be milestone for int'l partnership

FM says GCA to be milestone for int'l partnership

-- 2020-09-08 17:41:20

Foreign Minister Dr AK Abdul Momen on Tuesday said the South Asian Regional Center of Global Center on Adaptation (GCA) in Dhaka will be a milestone for international partnership. He said after the d...

ADB to hold 53rd annual meeting virtually on Sept 17, 18

ADB to hold 53rd annual meeting virtually on Sept 17, 18

-- 2020-09-08 17:29:49

The Asian Development Bank (ADB) will hold the second stage of its 53rd annual meeting as a virtual event on September 17-18. A series of webinars open to the media and the public featuring finance a...

Japan’s worst postwar economic slump intensifies challenge for new leader

Japan’s worst postwar economic slump intensifies challenge for new leader

Reuters 2020-09-08 13:33:19

Japan’s economy sank deeper into its worst postwar contraction in the second quarter as the coronavirus jolted businesses more than initially thought, underscoring the daunting task the new prim...

Online business registration in Philippines hits record high

Online business registration in Philippines hits record high

-- 2020-09-08 12:38:42

Online business registration in the Philippines skyrocketed as more and more entrepreneurs conduct business via the internet due to strict lockdown restrictions imposed to stem the spread of COVID-19,...

PPP Office to trim non-viable projects

PPP Office to trim non-viable projects

Munima Sultana 2020-09-08 10:06:14

Public-Private Partnership Authority (PPPA) is going to cut its projects from the pipeline finding many are neither bankable nor marketable. Officials said since the authority has already developed a...

Vision paper scales back growth target

Vision paper scales back growth target

FHM HUMAYAN KABIR 2020-09-08 09:49:53

The government has shifted from its earlier stance of achieving double-digit economic growth to a more realistic approach in the newly-devised vision paper by FY2041, analysts said on Saturday. Yet,...

Bangladesh revises eligibility for investment in WEBs

Bangladesh revises eligibility for investment in WEBs

FE REPORT 2020-09-08 09:49:53

The central bank has revised the eligibility for purchasing wage-earner bonds (WEBs) in a move that could frustrate many potential investors. A notice issued on Monday said Bangladeshi people, who...

Sales of govt savings tools nosedive in July

Sales of govt savings tools nosedive in July

Arafat Ara 2020-09-08 09:31:59

After a sudden increase in June, net sales of the state-owned savings instruments dropped drastically in July, the first month of the current fiscal year (FY), 2020-21, according to official data. Th...

Vietnam's wood, woodwork export up in eight months

Vietnam's wood, woodwork export up in eight months

-- 2020-09-07 15:34:30

Vietnam exported more than 7.3 billion US dollars of wood and wood-based products in the first eight months of this year, up 9.6 per cent against the same period last year, according to the Vietnam Ad...

Tax, stock performance not compatible with economic growth

Tax, stock performance not compatible with economic growth

FE REPORT 2020-09-07 09:38:56

The government is trying to address two big contradictions in the economy - low tax-to-GDP ratio and stock market capitalisation-to- GDP ratio, advisor to the Prime Minister on private industry and in...

Private banks to be given treasury responsibilities

Private banks to be given treasury responsibilities

SYFUL ISLAM 2020-09-07 09:19:18

The government is set to allow all banks to carry out treasury activities in places in an attempt to expand such services in the countryside, officials say. If and when implemented, the move will bri...

Covid-19: Philippines secures nearly $9b foreign loans, grants

Covid-19: Philippines secures nearly $9b foreign loans, grants

-- 2020-09-06 15:21:42

The Philippines has so far secured a total of 8.83 billion US dollars in borrowings, loans and grant assistance for the government's coronavirus disease (Covid-19) response efforts from its developmen...

Budget implementation: Ministries asked to submit plans by Sept 07

Budget implementation: Ministries asked to submit plans by Sept 07

FE REPORT 2020-09-06 10:23:48

The government has asked its ministries/divisions to submit their budget implementation plans within September 07, 2020 with a view to reviewing the trends in revenue receipts and expenditures against...

State banks cheer as SoEs'outstanding loans fall slightly

State banks cheer as SoEs'outstanding loans fall slightly

FE REPORT 2020-09-05 09:57:35

The outstanding and classified loans of state-owned enterprises (SoEs) to the public sector banks declined slightly in July compared to June, officials have said. At the end of July, the SoEs owed...

Modern slavery risks surge in Asia manufacturing hubs

Modern slavery risks surge in Asia manufacturing hubs

-- 2020-09-04 12:32:10

The risk of modern slavery in Asian manufacturing hubs has surged and is set to worsen with the economic impact of the new coronavirus, increased labour rights violations and poor law enforcement, a g...

Experts push for attaching priority to 4IR in industrial policy

Experts push for attaching priority to 4IR in industrial policy

FE REPORT 2020-09-04 09:53:42

Speakers at a virtual discussion on Thursday suggested incorporating the perspectives of fourth industrial revolution (4IR) in the upcoming national industrial policy for the benefit of the country....