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Search results for: economy

Access to finance still a 'big issue', Principal Secretary tells MCCI meet

Access to finance still a 'big issue', Principal Secretary tells MCCI meet

FE Report 2023-02-19 09:16:10

Access to finance for the country's businesses was still remaining a "big issue", said Principal Secretary to Prime Minister M. Tofazzel Hossain Miah on Saturday. "We have achieved milestones in acce...

Govt boasts Tk 31.38b Jul-Oct budget surplus

Govt boasts Tk 31.38b Jul-Oct budget surplus

JASIM UDDIN HAROON 2023-02-19 08:55:16

Two unusual financial developments helped the government put aside a budget surplus of Tk 31.38 billion in the first four months of the current fiscal year, which economists, however, believe is trans...

FBCCI calls for protecting intellectual property

FBCCI calls for protecting intellectual property

FE REPORT 2023-02-18 09:05:55

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the government to protect intellectual property to boost up the country's economic growth and raise revenue collection...

US says it is concerned about debt owed to China by Pakistan

US says it is concerned about debt owed to China by Pakistan

FE ONLINE DESK 2023-02-17 10:45:11

The United States is concerned about debt owed to China by Pakistan and other countries, US State Department Counselor Derek Chollet said on Thursday during a visit to Islamabad as the country dealt w...

Central bank devising scheme to issue guarantee against big farm credit

Central bank devising scheme to issue guarantee against big farm credit

JUBAIR HASAN 2023-02-17 08:52:19

Bangladesh Bank (BB) is planning to introduce a credit guarantee scheme (CGS) for small and medium enterprises (SMEs) and agriculture sectors to boost agriculture production through facilitating farme...

Banks, FIs can give loans to CMSMEs from AIIB fund

Banks, FIs can give loans to CMSMEs from AIIB fund

FE REPORT 2023-02-17 08:36:04

The Bangladesh Bank (BB) on Thursday said the banks and financial institutions (FIs) can now sanction term loans to the cottage, micro, small, and medium enterprises (CMSMEs) from the Asian Infrastruc...

Dollar crisis casts shadow over operation of Rampal power plant

Dollar crisis casts shadow over operation of Rampal power plant

-- 2023-02-16 18:51:23

The 1320 MW Rampal power plant has resumed its partial production, but officials still worry about its uninterrupted operation due to dollar crisis that may again disrupt the import of coal, the plant...

French businessmen to get benefited if they invest in Bangladesh, says Tipu

French businessmen to get benefited if they invest in Bangladesh, says Tipu

-- 2023-02-16 18:27:52

Commerce Minister Tipu Munshi has said that French businessmen would be benefited more if they invest in Bangladesh capitalizing on the excellent business-friendly environment in the country. Tipu al...

Turkey quake could result in loss of up to 1pc of country's GDP in 2023

Turkey quake could result in loss of up to 1pc of country's GDP in 2023

FE ONLINE DESK 2023-02-16 12:56:51

The potential economic effects of the earthquake in Turkey could result in a loss of up to 1 per cent of the country's gross domestic product this year, the European Bank for Reconstruction and Develo...

Korea EPZ problem is a serious one, says JANG Sung Min

Korea EPZ problem is a serious one, says JANG Sung Min

FE ONLINE REPORT  2023-02-15 21:26:09

Special Envoy of the President of the Republic of Korea JANG Sung Min has said that problems faced by the Korean company YoungOne for the Korean EPZ in Chittagong are serious and such problems need to...

Japan wants to invest more in Bangladesh, says Kiminori Iwama

Japan wants to invest more in Bangladesh, says Kiminori Iwama

-- 2023-02-15 21:03:45

Newly appointed Japanese Ambassador to Bangladesh, Kiminori Iwama, has said that he will encourage Japanese companies to expand their business in Bangladesh to help the country achieve expected econom...

BB to release new Taka 1000 notes from Thursday

BB to release new Taka 1000 notes from Thursday

-- 2023-02-15 18:19:51

Bangladesh Bank (BB) is going to issue new banknotes of Taka 1,000 denomination signed by its governor, Abdur Rouf Talukder, from Thursday. It will initially be issued from the Motijheel office of th...

Checking inflation a major challenge for economy now, state minister for planning says

Checking inflation a major challenge for economy now, state minister for planning says

FE REPORT 2023-02-15 09:03:01

Containing inflation and taking it to the previous (tolerable) level as much as possible is a major challenge for the country's economy at present, State Minister for Planning Dr Shamsul Alam said o...

0.1m Bangladeshi workers find jobs overseas in Jan

0.1m Bangladeshi workers find jobs overseas in Jan

FE REPORT 2023-02-15 08:59:49

Over 0.1 million Bangladeshi workers found jobs in different destination countries in the first month of the current calendar year (2023). The number is the fourth highest in the past 13 months, show...

Slight rise in interest rate spread in Dec '22

Slight rise in interest rate spread in Dec '22

JUBAIR HASAN 2023-02-15 08:39:00

After months of continuous fall, the spread between the banks' lending and deposit rates went up slightly in December last apparently due to unofficially relaxing the rate cap on consumer loans four m...

BBS to calculate inflation on new base year per IMF advice

BBS to calculate inflation on new base year per IMF advice

-- 2023-02-14 19:25:42

Bangladesh Bureau of Statistics (BBS) is making radical changes in the inflation calculation considering the present financial situation and the IMF suggestions. The inflation will be calculated for...

Pakistan's remittances fall 9.9pc in January

Pakistan's remittances fall 9.9pc in January

-- 2023-02-14 19:19:05

Remittances sent by overseas Pakistani workers decreased 9.9 per cent in January on a month-on-month basis, the State Bank of Pakistan said on Monday. The workers' remittances recorded an inflow of 1...

Govt forms body to run universal pension scheme

Govt forms body to run universal pension scheme

FE REPORT 2023-02-14 08:50:58

The government has formed a National Pension Authority to administer universal pension scheme which aims to support country's growing elderly population by providing annuity. The ministry of finance...

Liquidity crunch in banks begins easing

Liquidity crunch in banks begins easing

JUBAIR HASAN 2023-02-14 08:38:00

Liquidity crunch in Bangladesh's banking system shows signs of improvement as key indicators are showing positive signs, largely following monetary interventions, officials and bankers said. Such a t...

Businessmen seek govt support to sustain steel industry

Businessmen seek govt support to sustain steel industry

-- 2023-02-13 19:48:05

The businessmen of the steel and rod manufacturing sector have sought the government's support on an urgent basis to deal with the crisis surrounding the industry amid the price hike of raw materials...

Europe's spend on energy crisis nears 800b euros

Europe's spend on energy crisis nears 800b euros

FE ONLINE DESK 2023-02-13 12:16:48

European countries' bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their...

BB plans 75pc cashless transaction by 2027

BB plans 75pc cashless transaction by 2027

FE REPORT 2023-02-13 09:13:26

Bangladesh Bank (BB) governor Abdur Rouf Talukder on Sunday said the central bank will take various measures to make 75 per cent of the country's overall transaction cashless by 2027. The governor te...

BAB, BIA place budget proposals

BAB, BIA place budget proposals

FE REPORT 2023-02-13 08:19:32

Bangladesh Association of Banks (BAB) has placed a set of proposals to the National Board of Revenue (NBR) for inclusion in the fiscal budget 2023-24. The proposals include requests to permit 1.0-per...

Hefty $5.5b cost comes under scrutiny

Hefty $5.5b cost comes under scrutiny

MIR MOSTAFIZUR RAHAMAN 2023-02-13 08:12:02

Cost of a foreign-aided Mass Rapid Transit (MRT) Line-5 project, estimated at US$5.5 billion, comes under scrutiny on afterthought as official circles find it highest in the region. Sources said in a...

NBR chairman for conserving some sectors for small businesses

NBR chairman for conserving some sectors for small businesses

-- 2023-02-12 20:47:45

National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem has said that some sectors should be conserved for small businesses to boost the country’s Small and Medium Enterprises. &ld...

Earthquake impact on Turkey's GDP unlikely to be as much as in 1999

Earthquake impact on Turkey's GDP unlikely to be as much as in 1999

-- 2023-02-12 19:37:00

The impact of last week's earthquake on Turkey's growth domestic product (GDP) is unlikely to be as pronounced as after the earthquake that hit the country in 1999. IMF Executive Director Mahmoud Moh...

Pakistan approves circular debt management plan

Pakistan approves circular debt management plan

FE ONLINE DESK 2023-02-11 12:11:07

Pakistan's Economic Co-ordination Committee on Friday approved a plan it is negotiating with the International Monetary Fund to slash its circular debt, a form of public debt that builds up in the pow...

Policy making on offshore investment faces dilemma

Policy making on offshore investment faces dilemma

REZAUL KARIM 2023-02-11 08:59:52

A latest policy preparation facilitating Bangladeshis making offshore investment in foreign countries gets into a dilemma as some officials mentioned that an already-existing law on 'Capital Account T...

Japan set to appoint Kazuo Ueda as next BOJ governor

Japan set to appoint Kazuo Ueda as next BOJ governor

-- 2023-02-10 21:01:40

The Japanese government plans to appoint Kazuo Ueda, an economist and former member of the Bank of Japan (BOJ) Policy Board, as the central bank's next governor after Haruhiko Kuroda's resignation, lo...

World Bank to provide Turkey $1.78b in earthquake relief financing

World Bank to provide Turkey $1.78b in earthquake relief financing

-- 2023-02-10 20:02:24

The World Bank has said it is providing Turkey with $1.78 billion in relief and recovery financing assistance as the country struggles with the aftermath of an earthquake that has killed over 20,000 p...