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Search results for: economy

Bangladesh’s current account records surplus in two months

Bangladesh’s current account records surplus in two months

JASIM UDDIN HAROON 2020-10-04 09:20:31

The country's current-account posted a record surplus in July-August period of the current fiscal year, amid the pandemic. The current account balance, a measure of the nation's trade and financial f...

US launches probe into whether Vietnam undervalues its currency

US launches probe into whether Vietnam undervalues its currency

REUTERS 2020-10-03 11:51:34

The United States is opening an investigation into whether Vietnam has been undervaluing its currency and harming US commerce, the US Trade Representative’s office said in a statement on Friday....

Bangladesh's overseas employment in depths of slump

Bangladesh's overseas employment in depths of slump

ARAFAT ARA 2020-10-03 09:23:58

The picture of the overseas employment sector in Bangladesh is bleak with thousands of migrants in the dark about their jobs due to coronavirus pandemic. Jobless workers' homecoming continues. Again,...

US companies urged to invest more in BD

US companies urged to invest more in BD

FE Online Desk 2020-10-02 14:32:27

  US companies would take advantage of the competitiveness of Bangladesh and invest in the country in much greater volume particularly in the areas of ICT, energy, and pharmaceuticals. The fi...

US personal income decreases 2.7pc  in August

US personal income decreases 2.7pc in August

-- 2020-10-02 13:51:45

US personal income decreased 2.7 per cent in August, following the expiration of extra unemployment benefits provided by the federal government, the Labor Department said Thursday. "Federal economic...

Govt formulating master plan to attract private investors

Govt formulating master plan to attract private investors

Munima Sultana  2020-10-02 10:16:39

The government is formulating a master plan to transform the Kamalapur railway station into a multi modal transportation hub (MMTH), and to attract private investors. A master plan is necessary...

Inward remittance grows by over 48pc in Q1 of FY21

Inward remittance grows by over 48pc in Q1 of FY21

FE Online Report 2020-10-01 21:39:36

The inflow of remittances grew by more than 48 per cent in the first quarter (Q1) of the current fiscal year (FY21) despite the ongoing Covid-19 pandemic, officials said. The flow of inward remittanc...

Vietnam's manufacturing returns to growth in Sept

Vietnam's manufacturing returns to growth in Sept

-- 2020-10-01 14:15:51

Vietnamese manufacturing sector returned to growth in September as COVID-19 concerns eased in the country, a report compiled by the London-based global information provider IHS Markit has said. In Se...

Global housing markets face tougher year ahead, poll shows

Global housing markets face tougher year ahead, poll shows

Reuters 2020-10-01 11:12:38

Most major housing markets won’t keep up with the consumer price inflation in 2021 and are faced with multiple downside risks despite rising strongly this year amid the coronavirus pandemic and...

OFID to provide $70m support to offset Covid-19 impacts

OFID to provide $70m support to offset Covid-19 impacts

FHM HUMAYAN KABIR 2020-10-01 10:11:38

The OPEC Fund for International Development (OFID) would provide US$70 million budgetary support to Bangladesh, for the first time, to weather the impacts of the Covid-19 pandemic on the economy. The...

Interest rate spread rises in August

Interest rate spread rises in August

SIDDIQUE ISLAM 2020-10-01 09:36:22

The interest rate spread in the country's banking system increased slightly in August 2020 as banks further slashed rates on deposits but charged a little bit higher on lending. The weighted average...

Study favours FTA with Japan

Study favours FTA with Japan

SYFUL ISLAM 2020-10-01 09:21:43

Signing a free trade area (FTA) agreement with Japan will be immensely beneficial to Bangladesh in the post-LDC era when the country losses trade concessions, a study has found. Presently, all but a...

‘Further relaxation on loan repayment to help businesses’

‘Further relaxation on loan repayment to help businesses’

-- 2020-09-30 20:51:56

Defending the central bank’s move for further relaxation of the bank loan repayment by extending the moratorium until December 31, Finance Minister AHM Mustafa Kamal has said the step aims at he...

Easy funds from stimulus packages trigger inflation fears

Easy funds from stimulus packages trigger inflation fears

-- 2020-09-30 19:58:16

Bangladesh is eyeing a robust economic growth on government measures to ensure flow of money amid the coronavirus crisis, but easy funds from the stimulus packages have triggered fears of inflation....

WB may ready $12b corona vaccine financing for poor countries

WB may ready $12b corona vaccine financing for poor countries

-- 2020-09-30 12:01:34

World Bank President David Malpass said on Tuesday he is seeking board approval for a $12 billion coronavirus vaccine financing plan to help poor and developing countries secure a sufficient share of...

'Alternative' investing made easier

'Alternative' investing made easier

FE REPORT 2020-09-30 09:43:11

The central bank has cut the 'risk weight' for banks to invest in 'alternative' investments. An alternative investment is an investment in any asset class, excluding stocks, bonds, and cash. The r...

Govt seeks more aid from development partners

Govt seeks more aid from development partners

FHM HUMAYAN KABIR 2020-09-30 09:30:46

The government has sought extended financial support from the development partners for implementing the upcoming 8th five-year plan (FYP) to uplift employment and cut poverty to below 16 per cent, off...

Duty-free export market: Bangladesh mulls delay in LDC graduation

Duty-free export market: Bangladesh mulls delay in LDC graduation

FE REPORT 2020-09-30 09:29:40

Prime minister's private industry and investment adviser Salman Fazlur Rahman on Tuesday hinted that Bangladesh is considering 'postponement' of its LDC (least-developed country) graduation slated for...

Import orders drop by 20pc in August

Import orders drop by 20pc in August

SIDDIQUE ISLAM 2020-09-30 09:24:51

Bangladesh's import orders dropped by nearly 20 per cent or US$713.01 million in August last due to lower demand particularly for apparel and clothing because of the ongoing Covid-19 pandemic. Openin...

ECNEC approves four projects involving Tk 3.38b

ECNEC approves four projects involving Tk 3.38b

-- 2020-09-29 17:46:41

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved four projects involving a total cost of Tk 7.96 billion, including a Tk 3.38 billion one to make mouza and plot-bas...

US House Democrats unveil $2.2 trillion Covid-19 relief package

US House Democrats unveil $2.2 trillion Covid-19 relief package

-- 2020-09-29 12:13:12

Democrats from the US House of Representatives unveiled on Monday a 2.2 trillion US-dollar COVID-19 relief package, attempting to pressure the White House and Republicans to reach a deal before the pr...

Pandemic to push Asia’s growth to lowest since 1967: World Bank

Pandemic to push Asia’s growth to lowest since 1967: World Bank

REUTERS 2020-09-29 10:05:24

The coronavirus pandemic is expected to lead to the slowest growth in more than 50 years in East Asia and the Pacific as well as China, while up to 38 million people are set to be pushed back into pov...

Remittance inflow increases amid 55pc fall of migrant jobs

Remittance inflow increases amid 55pc fall of migrant jobs

-- 2020-09-28 19:41:59

Although outflow of migrant workers in January-August period of this year has dropped by 55 per cent compared to same period a year earlier, Bangladesh witnessed 9.6 per cent increase in inflow of rem...

BB extends suspension of loan classification for more three months

BB extends suspension of loan classification for more three months

FE ONLINE REPORT 2020-09-28 19:00:59

The central bank of Bangladesh has extended suspension of adverse classification of any loan for more three months to facilitate business activities that have been adversely affected by the ongoing Co...

Malaysia's exports fall 2.9pc in August

Malaysia's exports fall 2.9pc in August

-- 2020-09-28 12:06:16

Malaysia's exports fell 2.9 per cent year-on-year to 79.14 billion ringgit (about 19 billion US dollars) in August due to lower shipment in all sectors. Malaysia International Trade and Industry Mini...

Bangladesh Bank relaxes ESF conditions   

Bangladesh Bank relaxes ESF conditions  

FE REPORT 2020-09-28 09:48:44

Bangladesh Bank (BB) on Sunday amended the guidelines for the Entrepreneurship Support Fund (ESF) to make it easy for the entrepreneurs. The amendments included, cutting fees for application, definin...

July-Aug tax revenue collection up slightly

July-Aug tax revenue collection up slightly

DOULOT AKTER MALA 2020-09-28 09:43:36

The government's tax revenue collection improved slightly in the July-August period of this fiscal year (FY), 2020-21, with a nominal growth over the corresponding period of last FY. It happened so, a...

Mosharrof Hossain appointed chairman of IDRA

Mosharrof Hossain appointed chairman of IDRA

FE Online Report 2020-09-27 16:14:31

Dr M Mosharrof Hossain has been appointed chairman of the IDRA, the regulator of 79 life and non-life insurers in Bangladesh. The government on Sunday issued an order in this regard. Earlier, he was...

Experts in Bangladesh call on government to make policies far more predictable to ease FDI inflow

Experts in Bangladesh call on government to make policies far more predictable to ease FDI inflow

FE REPORT 2020-09-27 10:38:37

Experts on Saturday listed inconsistencies in relevant policies as the main impediment to smooth flow of foreign direct investment (FDI) into the country. They suggested bringing holistic reforms of...

NBR to set up specialised unit to combat duty evasion

NBR to set up specialised unit to combat duty evasion

-- 2020-09-26 19:51:19

The National Board of Revenue (NBR) will set up a separate central risk management unit under the customs department soon to combat duty evasion through use of technology. According to an official do...