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The Financial Express

Search results for: economy

Asia, Pacific must avoid K-shaped recovery, says UN report

Asia, Pacific must avoid K-shaped recovery, says UN report

-- 2021-03-30 18:18:33

The Asia-Pacific region needs large, yet attainable, investments in resilience to protect development gains amid a fragile and inequitable post-COVID-19 economic recovery, says a UN report released on...

Premier Hasina calls for global action to address liquidity crisis, debt burden in post-Covid era

Premier Hasina calls for global action to address liquidity crisis, debt burden in post-Covid era

-- 2021-03-30 08:22:47

Prime Minister Sheikh Hasina on Monday stressed the need for concerted global actions and robust leadership to quick recovery of the liquidity crisis and sovereign debt burdens during and the post Cov...

Extreme poverty rate to come down to 3pc by 2030, Momen hopes

Extreme poverty rate to come down to 3pc by 2030, Momen hopes

-- 2021-03-29 21:28:58

Foreign Minister AK Abdul Momen has expressed his optimism that extreme poverty rate will come down to 3 per cent by 2030 and the country will be free of poverty after 2041. "Once 80 per cent people...

Investment proposals increase by 68.50pc in Oct-Dec period, BIDA says

Investment proposals increase by 68.50pc in Oct-Dec period, BIDA says

-- 2021-03-29 17:17:29

The number of investment proposals with the Bangladesh Investment Development Authority (BIDA) rose by 68.50 per cent (Taka 95,794.719 million) during the October to December quarter in 2020 compared...

BEPZA attaches highest priority to workers' welfare, says law minister

BEPZA attaches highest priority to workers' welfare, says law minister

-- 2021-03-29 08:55:00

Geographical location, inexpensive and easily trainable workforce and moderate production cost have helped Bangladesh become an attractive investment destination, Law Minister Anisul Huq said Sunday....

Leather sector seeks tax cuts

Leather sector seeks tax cuts

FE Report 2021-03-29 08:22:23

The Leather Goods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB) sought reduction of corporate income tax and source tax on export to stay competitive in global market. T...

Bangladeshi banks asked to charge lowest L/C margin for Ramadan imports

Bangladeshi banks asked to charge lowest L/C margin for Ramadan imports

FE REPORT 2021-03-29 08:07:28

The central bank on Sunday asked the commercial banks to charge lowest level margin while opening letter of credit (LC) for importing essential commodities. The Bangladesh Bank (BB) issued the direct...

India coy about consultation on anti-dumping duty on Bangladeshi jute goods

India coy about consultation on anti-dumping duty on Bangladeshi jute goods

SYFUL ISLAM 2021-03-29 07:56:57

Bangladesh, in the face of opposition from India, failed to accommodate a provision of 'pre-initiation consultation' on the anti-dumping issue in the MoU on trade remedial measures, signed between the...

Vietnam sees foreign investment rise to $4.1b in first quarter

Vietnam sees foreign investment rise to $4.1b in first quarter

-- 2021-03-28 11:03:28

Vietnam received $4.1 billion in foreign direct investment (FDI) in the first three months of 2021, up 6.5 per cent from a year earlier, government data showed on Saturday. FDI has been a key driver...

WB provides $250m to support Bangladeshi workers’ wages, micro-entrepreneurs

WB provides $250m to support Bangladeshi workers’ wages, micro-entrepreneurs

FE Online Desk 2021-03-27 15:21:35

The World Bank on Friday approved US$250 million financing for Bangladesh aimed at recovery from the Covid-19 pandemic. A WB news release issued from Washington said this financing would help Banglad...

Bangladesh's external debt reaches record level in 2020

Bangladesh's external debt reaches record level in 2020

JASIM UDDIN HAROON 2021-03-27 08:27:50

Country's external debt soared to a record level in 2020 due to higher government borrowing. The overall external debt in December, 2020 stood at US$ 70.7 billion, nearly 16 per cent more than that o...

Bangladesh, India likely to sign four MoUs

Bangladesh, India likely to sign four MoUs

Mir Mostafizur Rahaman 2021-03-26 08:28:46

Bangladesh and India are likely to sign four memorandums of understanding (MoUs) during the visit of Indian Prime Minister (PM) Narendra Modi, who is scheduled to arrive in Dhaka today (Friday). Th...

UN TIR could be model for regional vehicular movement to cut cost of trade

UN TIR could be model for regional vehicular movement to cut cost of trade

FE REPORT 2021-03-26 08:19:12

Speakers at a webinar on Thursday said movement of vehicles within the BBIN region under a system like that of the UN TIR would help significantly reduce the cost of trade and benefit all the member...

Bangladesh Bank again extends loan repayment relaxation

Bangladesh Bank again extends loan repayment relaxation

Siddique Islam 2021-03-25 08:22:50

The central bank on Wednesday extended again the policy relaxation involving loan repayments to the country's scheduled banks by their borrowers. The borrowers would get three more months' time to...

Private entities not to get loan from forex reserve, Finance minister says

Private entities not to get loan from forex reserve, Finance minister says

-- 2021-03-24 19:36:03

Finance Minister AHM Mustafa Kamal has said that the government has not taken any decision so far to provide loans for the private sector from the country’s foreign currency reserve. “So...

Angst grips Bangladesh businesses as Covid-19 cases surge

Angst grips Bangladesh businesses as Covid-19 cases surge

Jubair Hasan and Yasir Wardad 2021-03-24 09:50:31

Businesses are now deeply worried that resurgence of the Covid-19 might unsettle the recovery they have been making in recent months following a notable improvement in both infection and fatality rate...

Japanese Economic Zone expected to start full-swing operation in H1 of 2023

Japanese Economic Zone expected to start full-swing operation in H1 of 2023

-- 2021-03-23 17:26:10

Japanese Economic Zone (EZ) is expected to go on full-swing operation in the first-half of 2023 as all development work of the zone is likely to be completed within June of the same year, reports BSS....

Dhaka-Cox’s Bazar train service likely to boost tourism

Dhaka-Cox’s Bazar train service likely to boost tourism

UNB 2021-03-23 16:26:27

Unveiling a fresh route with the potential of attracting both foreign and domestic tourists, the government is set to launch a Dhaka to Cox’s Bazar train service at the end of next year. The fr...

Japan unveils measures to support pandemic-hit firms

Japan unveils measures to support pandemic-hit firms

-- 2021-03-23 15:14:51

Japan’s government on Tuesday unveiled measures to help midsize and large companies boost capital funds, officials have said, a step aimed at backing mainly restaurants and lodging businesses hi...

Bangladesh Bank avoids gold as reserve despite value addition

Bangladesh Bank avoids gold as reserve despite value addition

SIDDIQUE ISLAM 2021-03-21 08:15:54

Bangladesh's investment in the form of gold has gained value by over 37 per cent to reach around US$554 million over the last 10 years. The country's central bank, for the first time on September 0...

UK urges Bangladesh to address trade barriers

UK urges Bangladesh to address trade barriers

REZAUL KARIM 2021-03-20 09:52:55

The United Kingdom has urged Bangladesh to address the existing trade barriers and other structural problems to help attract more foreign direct investments including those from British companies. "F...

Affordable mechanism for open account exports emphasized

Affordable mechanism for open account exports emphasized

FE REPORT 2021-03-19 11:13:56

President of International Chamber of Commerce Bangladesh (ICCB) Mahbubur Rahman (top, middle) and other distinguished persons at the webinar on "Global Awareness on Open Account Export Transactions a...

Global warming could cut 63 countries' credit ratings by 2030, study warns

Global warming could cut 63 countries' credit ratings by 2030, study warns

Reuters 2021-03-19 09:42:07

A new algorithm-based study by a group of UK universities has predicted that 63 countries – roughly half the number rated by the likes of S&P Global, Moody’s and Fitch - could see thei...

UNCTAD revises global economic growth to 4.7pc for 2021

UNCTAD revises global economic growth to 4.7pc for 2021

Reuters   2021-03-18 17:18:27

The global economy is set to grow by 4.7 per cent this year thanks to a stronger-than-expected recovery in the United States, a report by the UN Conference on Trade and Development (UNCTAD) said on Th...

Bonds can ease pressure on banking sector

Bonds can ease pressure on banking sector

FE Report 2021-03-18 09:17:15

Introduction of different types of bonds can reduce pressure on banking sector by meeting long-term and large-scale financing needs of the next generation businesses, speakers said at a programme on T...

World Bank approves $200m to help Dhaka support urban poor, migrants

World Bank approves $200m to help Dhaka support urban poor, migrants

-- 2021-03-17 13:09:28

The World Bank has approved 200 million US dollars to help Bangladesh provide support and services to the low-income urban youth impacted by Covid-19 and the involuntary returnee migrant workers in or...

Two trade bodies seek cut in corporate tax rates

Two trade bodies seek cut in corporate tax rates

FE REPORT 2021-03-15 08:39:21

Plastic goods manufacturers and exporters on Sunday demanded the withdrawal of import duty, VAT, and supplementary duty on import of capital machinery and spare parts for the sector. They also urged...

Restaurant owners call for taxing all other eateries

Restaurant owners call for taxing all other eateries

FE REPORT 2021-03-15 08:29:01

Local restaurant owners on Sunday proposed the government to bring all eateries, including street foods vendors, under the tax net by slashing the VAT rate to 5.0 per cent. Currently, 40 per cent of...

Slow Gulf economic recovery to have long-lasting impact on banks

Slow Gulf economic recovery to have long-lasting impact on banks

REUTERS 2021-03-14 14:11:54

Economic recovery from the coronavirus crisis in the oil-rich Gulf region will be slow, weighing on the region’s banking sector, S&P Global Ratings said. Gulf countries fell into a sharp re...

South Korea offers $700m credit to Bangladesh

South Korea offers $700m credit to Bangladesh

MIR MOSTAFIZUR RAHAMAN 2021-03-14 09:51:15

South Korea has decided to extend US$700 million in concessional loans to Bangladesh under the Economic Development Cooperation Fund (EDCF). In this connection, the Korean Exim Bank has sent a letter...