Loading...
The Financial Express

Search results for: EC

Banks, financial institutions asked to prepare business continuity plan to face any crisis

Banks, financial institutions asked to prepare business continuity plan to face any crisis

FE REPORT 2021-04-05 10:15:12

Banks and other financial institutions (FIs) have been asked to prepare a business continuity plan (BCP) to deal with any crisis in the coming days. BCP is defined as the capability of an organisatio...

Dhaka receives big budgetary supports from overseas aid in Jul-Feb

Dhaka receives big budgetary supports from overseas aid in Jul-Feb

FHM HUMAYAN KABIR 2021-04-05 08:53:32

The country received 6.62 per cent higher foreign assistance in the first eight months of the current fiscal year (FY2020-21) as compared to the corresponding period of the previous FY, officials sa...

‘Commercial judicial system needs major reforms to do better in EODB index’

‘Commercial judicial system needs major reforms to do better in EODB index’

FE ONLINE REPORT 2021-04-03 19:26:48

In order to do better in the ease of doing business (EODB) index, Bangladesh needs to reform commercial law, improve land border facilities and more efficient banking system, said discussants and stak...

Number of Japanese firms in Bangladesh increases four times in 10 years

Number of Japanese firms in Bangladesh increases four times in 10 years

-- 2021-04-03 17:22:15

The number of Japanese companies operating in Bangladesh has increased around four times in 10 years as the government ensured better business climate for the foreign investors in the country. Accord...

FTA studies galore, but no deal yet for Bangladesh

FTA studies galore, but no deal yet for Bangladesh

SYFUL ISLAM 2021-04-03 12:39:43

Bangladesh examined the viability of striking free trade agreements (FTAs) with nearly two and a half dozen countries in the last decade, but it did not sign a single deal. Officials concerned have a...

Central bank to support SMEs build resilience

Central bank to support SMEs build resilience

-- 2021-04-02 22:49:22

Bangladesh Bank (BB) will provide a total of Tk 600 billion financing to Small and Medium Enterprises (SMEs) by 2023 to ensure economic resilience that will enhance GDP, employment, and inclusive deve...

Bangladesh's remittance earnings rise 35pc in July-March

Bangladesh's remittance earnings rise 35pc in July-March

FE REPORT 2021-04-02 10:54:23

Remittance inflow saw some 35 per cent growth during the July-March period of the current fiscal year (FY), 2020-21, compared to the same period a year back. During the first nine months of current F...

Suez Canal must upgrade quickly to avoid future disruption, experts say

Suez Canal must upgrade quickly to avoid future disruption, experts say

Reuters 2021-04-02 10:25:53

Egypt’s Suez Canal must move quickly to upgrade its technical infrastructure if it is to avoid future shipping disruption, shipping industry sources said, as the major trade route tries to bounc...

Discord messaging platform launches Clubhouse-style feature

Discord messaging platform launches Clubhouse-style feature

Reuters 2021-04-01 10:17:38

Messaging platform Discord on Wednesday launched a new feature for people to hold live audio events for audiences, similar to the rapidly growing app Clubhouse. Discord, which offers voice, video and...

US private payrolls post biggest gain in six months

US private payrolls post biggest gain in six months

-- 2021-04-01 09:16:18

US private employers hired the most workers in six months in March as more Americans got vaccinated against COVID-19, pushing the economy towards a broader reopening, which is expected to unleash a st...

We will suffer if pandemic affects global market, says finance minister

We will suffer if pandemic affects global market, says finance minister

-- 2021-03-31 20:00:25

Finance Minister AHM Mustafa Kamal has said Bangladesh’s economy will face sufferings if the coronavirus pandemic hugely affects the global market. The minister also expressed his hope that loc...

Bangladesh may see 7.20pc growth in current fiscal, says ESCAP

Bangladesh may see 7.20pc growth in current fiscal, says ESCAP

FE Online Report 2021-03-31 18:03:30

Bangladesh economy may rebound robustly in the current fiscal year (FY21) as the gross domestic product (GDP) is likely to post 7.20 per cent growth. Economic and Social Survey of Asia and the Pacifi...

Bangladesh’s GDP to increase by 3.6pc in current fiscal, World Bank says

Bangladesh’s GDP to increase by 3.6pc in current fiscal, World Bank says

-- 2021-03-31 16:13:30

Prospects of an economic rebound in South Asia are firming up as growth is set to increase by 7.2 per cent in 2021 and 4.4 per cent in 2022, climbing from historic lows in 2020 and putting the region...

SpaceX Starship SN11 rocket fails to land safely after test launch

SpaceX Starship SN11 rocket fails to land safely after test launch

-- 2021-03-31 11:47:20

An uncrewed SpaceX Starship prototype rocket failed to land safely on Tuesday after a test launch from Boca Chica, Texas, and engineers were investigating, SpaceX said. “We do appear to have lo...

Spotify buys Locker Room app's maker Betty Labs

Spotify buys Locker Room app's maker Betty Labs

-- 2021-03-31 11:11:51

Spotify Inc said on Tuesday it has purchased Betty Labs, the company behind sports-focused social audio app Locker Room, to accelerate its move into live audio. New voice-based platforms, including i...

Bangladesh Bank frames policy on startup financing

Bangladesh Bank frames policy on startup financing

FE REPORT 2021-03-31 08:50:32

The Bangladesh Bank (BB) has formulated a policy relating to the disbursement of funds worth Tk 5.0 billion for startups. The disbursement of funds to the startup clients will be made collateral-fr...

Saudi private sector to invest $1.3tn in diversification by 2030

Saudi private sector to invest $1.3tn in diversification by 2030

-- 2021-03-31 08:29:37

Saudi Arabia’s crown prince said oil firm Aramco and petrochemical firm SABIC would lead investments of 5 trillion riyals ($1.3 trillion) by the local private sector by 2030 under a programme an...

Google Maps to start using 'eco-friendly' routes

Google Maps to start using 'eco-friendly' routes

REUTERS 2021-03-30 18:32:50

Google's Maps app will start directing drivers along routes estimated to generate the lowest carbon emissions based on traffic, slopes and other factors, the company announced on Tuesday. Google, an...

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...

Earth safe from asteroid for 100 years, NASA says

Earth safe from asteroid for 100 years, NASA says

-- 2021-03-27 21:06:10

NASA has given Earth the all clear for the next century from a particularly menacing asteroid. The space agency announced this week that new telescope observations have ruled out any chance of Apophi...

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...