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The Financial Express

Search results for: economy

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...

Japan’s economy expands more than expected as exports, capex shake off pandemic hit

Japan’s economy expands more than expected as exports, capex shake off pandemic hit

-- 2021-02-15 12:21:58

Japan’s economy expanded more than expected in the fourth quarter, extending the recovery from its worst postwar recession thanks to a rebound in overseas demand that boosted exports and capital...

Bangladesh’s growth journey threatened by inequality, low tax: Economists

Bangladesh’s growth journey threatened by inequality, low tax: Economists

FE ONLINE REPORT 2021-02-14 18:38:34

Bangladesh has made progress historically denying odds and eventually allowing a class to exploit public resources but a redistributive mechanism to address disparity is largely absent, say some senio...

‘Bangladesh, Brazil to build stronger economic ties in post-Covid era’

‘Bangladesh, Brazil to build stronger economic ties in post-Covid era’

-- 2021-02-14 18:36:09

Brazilian Ambassador to Bangladesh Joao Tabajara de Oliveira Junior has said Bangladesh and Brazil can make a stronger alliance on trade and economic front getting out of the current pandemic situatio...

Merger & acquisition or closure considered only way-out for troubled banks

Merger & acquisition or closure considered only way-out for troubled banks

FE REPORT 2021-02-14 08:31:19

The government is unwilling to go for merger and acquisition (M&A) in the banking sector though the latter needs it most, speakers at a webinar said on Saturday. The need has become even stronger...

US 'back at the table' to help global economic recovery

US 'back at the table' to help global economic recovery

-- 2021-02-13 10:49:33

US President Joe Biden’s administration told allies on Friday it was re-engaging with them to help steer the global economy out of its worst slump since the Great Depression, a contrast with the...

Domestic funding for development budget unlikely to be cut

Domestic funding for development budget unlikely to be cut

SYFUL ISLAM 2021-02-13 08:21:09

The government has decided to keep the domestic resource allocation in the annual development programme (ADP) for the current financial year unchanged. The budget for the FY2021 is now undergoing a r...

Record $58.1b pours into global equity funds: BofA

Record $58.1b pours into global equity funds: BofA

Reuters 2021-02-12 20:19:32

A record $58.1 billion poured into global equity funds over the past week as investors pulled money out of cash funds and had a lighter exposure to bonds, BofA’s weekly fund flow data showed on...

UK economy slumps by record 10pc in 2020

UK economy slumps by record 10pc in 2020

-- 2021-02-12 18:20:04

Britain's coronavirus-ravaged economy suffered its biggest crash in output in more than 300 years in 2020 when it slumped by 9.9 per cent, but it avoided heading back towards recession at the end of t...

Littoral countries' debt burden surges

Littoral countries' debt burden surges

FE REPORT 2021-02-12 10:28:44

One of the major impacts of the Covid-19 pandemic on the countries in the Bay of Bengal region is a surge in debt burden, economists told a dialogue on Thursday. Countries like Bangladesh, India, Sri...

Minister annoyed with poor tax-GDP ratio as NBR awards top taxpayers

Minister annoyed with poor tax-GDP ratio as NBR awards top taxpayers

FE REPORT 2021-02-12 10:07:19

Finance minister AHM Mustafa Kamal on Thursday asked the taxmen to refrain from physical inspection as it may cause harassment to the taxpayers. He also instructed them to automate the tax administra...

IMF's own currency likely to get G7 backing

IMF's own currency likely to get G7 backing

Reuters 2021-02-12 09:54:02

Group of Seven finance ministers are likely to back a new allocation of the International Monetary Fund’s own currency, or special drawing rights, at an online meeting on Friday to help low-inco...

Freelancers allowed to bring earnings through MFSs

Freelancers allowed to bring earnings through MFSs

FE REPORT 2021-02-11 09:07:13

The IT freelancers will now be able to bring home their small-value earnings through mobile financial services (MFSs). Previously, they had to bring the money through banks. Local people, especially...

Anti-graft body asks taxmen to probe legalising black money

Anti-graft body asks taxmen to probe legalising black money

DOULOT AKTER MALA 2021-02-11 08:44:39

The Anti-Corruption Commission (ACC) has warned the taxmen against black money accumulation by some people, showing income from fake fish, poultry and dairy farms or other businesses relating to stock...

Bangladeshi banks in artificial comfort zone

Bangladeshi banks in artificial comfort zone

SIDDIQUE ISLAM 2021-02-11 08:11:30

The provisioning shortfall against loans in the country's banking system fell by over 98 per cent in the last quarter of the year 2020 as the non-performing loans (NPLs) declined to some extent, offic...

COVID, climate, tax feature at first post-Trump G7 talks

COVID, climate, tax feature at first post-Trump G7 talks

Reuters 2021-02-10 23:17:49

The new administration of US President Joe Biden joins international talks on the global economy this week with other rich nations expecting a decisive break from the "America First" nationalism of...

Microfinance operators seek ‘zero interest’credit from BB to support Covid-hit poor

Microfinance operators seek ‘zero interest’credit from BB to support Covid-hit poor

FE ONLINE REPORT 2021-02-10 20:33:31

The national forum of microfinance institutions has demanded simplification of the process for disbursing loans from the government’s stimulus packages to help the poor recover Covid-19 losses t...

Pandemic job pain fell unevenly on minorities, the poor

Pandemic job pain fell unevenly on minorities, the poor

-- 2021-02-10 10:08:44

Black workers, women and others in low-paying jobs were more likely to become unemployed during the pandemic, faced greater health risks if they did keep working and are being pushed out of the labour...

Bangladesh's imports picking up

Bangladesh's imports picking up

JASIM UDDIN HAROON 2021-02-10 08:22:38

Bangladesh's imports have started picking up for the first time since the Covid-19 pandemic paralysed the national economy, according to shipping executives. Imports surged in January by 5.0-6.0 pe...

Banks’ non-performing loans shrink, thanks to moratorium

Banks’ non-performing loans shrink, thanks to moratorium

SIDDIQUE ISLAM 2021-02-10 08:13:23

The size of the banks' non-performing loans (NPLs) shrank further at the end of the fourth quarter of 2020. The suspension of the usual practice of classifying loans that had been put into effect by...

Mask making helps rural women earn livelihood 

Mask making helps rural women earn livelihood 

-- 2021-02-09 18:25:13

Amid the tough time of coronavirus, women in Bangladesh's rural areas are making biodegradable, reusable Ella masks from garment scraps to cope with the pandemic-induced new social lifestyle and ensur...