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The Financial Express
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Search results for: economy

Govt’s bank borrowing more than doubles   

Govt’s bank borrowing more than doubles  

SIDDIQUE ISLAM 2020-08-07 09:31:35

The government's net borrowing through selling savings tools dropped by more than 71 per cent to Tk 144.28 billion in FY '20 from Tk 499.39 billion a year ago, according to official figures. A dras...

€150m AFD loan to support BD’s cash transfer programmes and Covid-19 response

€150m AFD loan to support BD’s cash transfer programmes and Covid-19 response

FE Online Desk 2020-08-06 13:55:04

The Executive Board of the French Development Agency (Agence Française de Développement - AFD) has recently approved a Concessional Loan of 150 million euro to support the People's Repub...

ADB grants Bangladesh $3.0m to fight pandemic

ADB grants Bangladesh $3.0m to fight pandemic

-- 2020-08-06 13:13:50

The Asian Development Bank (ADB) has approved an additional $3.0 million in grant assistance for procuring urgently needed medical supplies for emergency response to the coronavirus pandemic in Bangla...

Covid-19 fallout: Govt eyes huge borrowing over three fiscal years next

Covid-19 fallout: Govt eyes huge borrowing over three fiscal years next

UNB 2020-08-06 12:58:42

The government has planned to borrow Tk 5714.5 billion from various sources both at home and abroad over the next three fiscal years, including the running one, mainly to face the economic challenges...

Pandemic triggers big job losses in BD’s RMG sector: WTO

Pandemic triggers big job losses in BD’s RMG sector: WTO

FE ONLINE REPORT 2020-08-06 12:18:40

The Covid-19 pandemic has triggered huge job losses, especially for women, in the ready-made garment (RMG) sector in Bangladesh exposing the sector's sensitivities by destabilising global supply chain...

Philippines' Q2 GDP growth hits record low

Philippines' Q2 GDP growth hits record low

-- 2020-08-06 11:08:48

The GDP growth rate of the Philippines dropped by 16.5 per cent in the second quarter of 2020, the lowest recorded quarterly growth since 1981, bringing the country to a technical recession. In a vir...

BD emerges as 3rd largest apparel supplier to US

BD emerges as 3rd largest apparel supplier to US

MONIRA MUNNI 2020-08-06 09:29:27

Bangladesh has emerged as the third largest sourcing country for the US-based apparel and fashion companies in 2020, advancing from the last year's sixth position despite the Covid-19 pandemic, acco...

Japan provides $330m emergency budget support

Japan provides $330m emergency budget support

FE Online Report 2020-08-05 13:36:51

Japan will provide 330 million US dollar to Bangladesh as an Official Development Assistance (ODA) loan. In this regard Mr. ITO Naoki, Ambassador of Japan to Bangladesh, and Ms. Fatima Yasmin, Secret...

IMF forecasts modest narrowing in current account imbalances in 2020

IMF forecasts modest narrowing in current account imbalances in 2020

-- 2020-08-05 12:37:14

Global current account surpluses and deficits narrowed in 2019, and the Covid-19 pandemic could narrow the imbalances further in 2020, the International Monetary Fund (IMF) said in its annual External...

MPS  lacks direction and policy support on new job creation : BUILD

MPS lacks direction and policy support on new job creation : BUILD

FE Online Desk 2020-08-05 01:41:22

Business Initiative Leading Development (BUILD) has advocated for quarterly announcement of Monetary Policy Statement (MPS). "The MPS should be announced quarterly in a precise format as fiscal yea...

BD may seize opportunity as Japanese firms plan relocation: Japanese envoy

BD may seize opportunity as Japanese firms plan relocation: Japanese envoy

FE ONLINE DESK 2020-08-04 16:01:55

Bangladesh may grab the opportunity maintaining the business competiveness as some Japanese firms are intending to relocate their business and searching new destinations for supply chain adjustments,...

US manufacturing activity expands in July

US manufacturing activity expands in July

-- 2020-08-04 09:40:36

Economic activity in the US manufacturing sector expanded in July amid a resurgence in new Covid-19 infections, the Institute for Supply Management (ISM) reported Monday. The Purchasing Managers' Ind...

Inflow of remittances crosses $2.50b-mark in July

Inflow of remittances crosses $2.50b-mark in July

FE Online Report 2020-08-03 19:49:08

The inflow of remittances crossed US$ 2.50 billion-mark in July—before the celebration of Eid-ul-Azha -- highest ever the country received in a month, officials said. Remittances from Banglades...

India's central bank likely to cut rates despite inflation risk

India's central bank likely to cut rates despite inflation risk

REUTERS 2020-08-03 13:10:15

India’s worsening economic outlook as coronavirus cases soar has raised the chance the central bank will cut interest rates at its policy review on Thursday, in spite of inflationary pressures....

Economists fear double-whammy of unemployment may sow social tensions

Economists fear double-whammy of unemployment may sow social tensions

-- 2020-08-03 10:52:19

Piling on top of the pre-pandemic stock of jobless population, economists apprehend the newly unemployed resulting from firms severely scaling back on their activities as part of ‘lockdown&rsquo...

Japan Q1 GDP unchanged at 2.2pc annualised contraction after second revision

Japan Q1 GDP unchanged at 2.2pc annualised contraction after second revision

-- 2020-08-03 10:10:07

Japan’s economy shrank an annualised 2.2 per cent in January-March, unchanged after a second revision, data from the Cabinet Office showed on Monday. The additional revision for the gross domes...

ADB sees pandemic slashing 2020 global remittances by over $100 billion

ADB sees pandemic slashing 2020 global remittances by over $100 billion

-- 2020-08-03 09:28:25

Remittances across the world could decline by $108.6 billion this year as job losses mount and employers trim payrolls amid a Covid-19 pandemic that has devastated economies, according to a report by...

Democrats, White House still at impasse over coronavirus bill

Democrats, White House still at impasse over coronavirus bill

REUTERS 2020-08-02 14:28:53

The top Democrats in Congress are not close to a deal with the White House to pump more money into the US economy to ease the coronavirus’ heavy toll, both sides said on Saturday, after an essen...

WB okays $202m to increase food storage capacity in Bangladesh

WB okays $202m to increase food storage capacity in Bangladesh

-- 2020-08-02 12:49:11

The World Bank’s Board of Executive Directors has approved $202 million in additional financing for the Modern Food Storage Facilities Project to increase the storage capacity of Bangladesh&rsqu...

Eurozone economy suffers record drop during lockdown months

Eurozone economy suffers record drop during lockdown months

AP 2020-07-31 20:08:00

The economy of the 19-country eurozone shrank by a devastating 12.1 per cent during the second quarter from the quarter before as coronavirus lockdowns froze business and consumer activity. It was the...

Spain enters steep recession, wiping out six years of growth

Spain enters steep recession, wiping out six years of growth

REUTERS 2020-07-31 15:25:50

Spain recorded a historic fall in GDP in the second quarter of the year, with the 18.5 per cent drop wiping out all the post-financial crisis recovery of the last six years, data from National Statist...

Italy loses 600,000 jobs since Covid-19 outbreak

Italy loses 600,000 jobs since Covid-19 outbreak

Xinhua 2020-07-31 12:20:49

Italy has lost 600,000 jobs in June compared to February -- before the COVID-19 pandemic forced the country into a national lockdown that drove its economy to a halt, according to provisional estimate...

Mexico's GDP plunges record 18.9pc in Q2

Mexico's GDP plunges record 18.9pc in Q2

-- 2020-07-31 10:49:04

Mexico's gross domestic product (GDP) plunged a record 18.9 per cent in the second quarter of 2020, compared to the same period last year, the National Institute of Statistics and Geography (INEGI) sa...

World economic recovery looks ever more shaky

World economic recovery looks ever more shaky

REUTERS 2020-07-31 10:39:16

The world economic outlook has dimmed again, with still-rising coronavirus infections and the risk of renewed lockdowns increasing the chances that any rebound will reverse course, according to Reuter...

China warns India against 'forced decoupling' of their economies

China warns India against 'forced decoupling' of their economies

REUTERS 2020-07-31 10:24:29

China warned on Thursday that a “forced decoupling” of its economy with India, following a Himalayan border clash last month that killed 20 Indian soldiers, would hurt both countries. The...

US jobless claims rise for 2nd consecutive week

US jobless claims rise for 2nd consecutive week

-- 2020-07-31 10:14:21

The number of initial jobless claims in the United States rose to 1.43 million last week amid a resurgence in COVID-19 cases, following an increase in the previous week, the Labor Department reported...

WB likely to give $500m loan for dev of technical education

WB likely to give $500m loan for dev of technical education

FHM Humayan Kabir 2020-07-31 09:48:04

The World Bank (WB) is likely to provide US$500 million worth of loan for the development of Bangladesh's technical education including health education following the Covid-19 outbreak, officials said...

LNG imports up 64.61pc in FY ’20

LNG imports up 64.61pc in FY ’20

M AZIZUR RAHMAN 2020-07-31 09:36:53

Bangladesh's liquefied natural gas (LNG) import increased significantly by 64.61 per cent in last fiscal year (FY), 2019-20, to 4.164 million tonnes to meet the mounting domestic gas demand. The stat...

Safety nets bypass 'missing middle'

Safety nets bypass 'missing middle'

FE REPORT 2020-07-31 09:31:07

Speakers at a webinar stressed the need for reforming existing social protection programmes to reach the "missing middle" and vulnerable people after the Covid-19 pandemic that pushed millions back in...

Virus revives 'mattress' economy

Virus revives 'mattress' economy

JASIM UDDIN HAROON 2020-07-31 09:26:59

Money multiplier decreased in the last fiscal year as people are holding cash after the coronavirus pandemic, according to statistics prepared by the central bank. The data show that the key indicato...