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Pandemic slows safety reforms in Bangladesh's ship-breaking industry

Pandemic slows safety reforms in Bangladesh's ship-breaking industry

-- 2020-12-09 17:18:21

The coronavirus pandemic has slowed efforts to make safer the often hazardous job of dismantling old ships in Bangladesh, officials said, following the latest worker fatality. Covid-19 temporarily sh...

Janata Bank in US makes no headway in recovering stolen money

Janata Bank in US makes no headway in recovering stolen money

FE Online Desk 2020-12-09 17:11:48

A subsidiary of the state-owned Janata Bank in New York, which lost $603,947 equivalent to Tk 51 million sometime before February 2020, is yet to recover the money allegedly stolen by a hired officer....

CPD stresses domestic resource mobilisation in eighth FYP

CPD stresses domestic resource mobilisation in eighth FYP

-- 2020-12-08 21:00:15

The Centre for Policy Dialogue (CPD) has underscored the need for providing a special focus on strengthening domestic resource mobilisation in the Eighth Five-Year Plan (8th FYP) to address Covid-19 c...

Vivo V20 review

Vivo V20 review

FE Online Desk 2020-12-08 18:07:15

  vivo V20: a camera-centric showstopper with industry-leading features and sleek design Are you fond of taking photos and enjoy taking selfies? Do you have a shutterbug inside of you? If yes,...

Narayanganj-Munshiganj two-storey expressway gets ECNEC approval

Narayanganj-Munshiganj two-storey expressway gets ECNEC approval

-- 2020-12-08 17:43:52

The government will construct a two-storey expressway from Panchabati of Narayanganj to Muktarpur Bridge of Munshiganj with an expenditure of Tk 22.28 billion. The Executive Committee of the National...

Four export sectors to get $40m government grant to overcome infrastructural limits

Four export sectors to get $40m government grant to overcome infrastructural limits

FE Online Report 2020-12-08 16:49:40

The government will launch a new financial grant worth US$40 million on Wednesday to help four export-oriented sectors address the infrastructural constraints. The Public Investment Facility for Infr...

More than 110,000 US restaurants permanently close amid pandemic

More than 110,000 US restaurants permanently close amid pandemic

-- 2020-12-08 15:43:10

As of Monday, more than 110,000 US restaurants have completely closed amid the coronavirus (Covid-19) pandemic, according to the National Restaurant Association. "The vast majority of permanently clo...

ADB approves $50m to help microenterprises in Bangladesh

ADB approves $50m to help microenterprises in Bangladesh

-- 2020-12-08 15:17:25

The Asian Development Bank (ADB) has approved a 50-million US dollar loan to help restore the economic activities of microenterprises in Bangladesh, which have been severely affected by the coronaviru...

Singapore to host WEF’s annual meeting instead of Switzerland

Singapore to host WEF’s annual meeting instead of Switzerland

-- 2020-12-07 23:14:20

The World Economic Forum’s annual gathering of political and business leaders will move from Switzerland to Singapore next year as the COVID-19 pandemic would make it challenging to host the eve...

Malaysia sees 78.6pc drop in tourist arrivals

Malaysia sees 78.6pc drop in tourist arrivals

-- 2020-12-07 14:02:55

Malaysia Tourism Promotion Board has said that the country's tourist arrivals in January to September this year had slumped 78.6 per cent to 4.3 million from 20.1 million a year ago, as the spread of...

Banks to struggle with heavier burden of bad loans in 2021, beyond

Banks to struggle with heavier burden of bad loans in 2021, beyond

SIDDIQUE ISLAM 2020-12-07 08:56:37

Banks are going to face substantial pressure originating from an ever-bulging defaulted loans in the next years as the regulatory support in this particular area is due to expire by the end of this ca...

Job creation the top priority: Experts

Job creation the top priority: Experts

FE REPORT 2020-12-06 09:51:01

Experts at a webinar on Saturday said policymakers should put extra emphasis on education, youth employment, poverty, and gender issues in the 8th five-year plan considering changes in the sectors c...

Lending rate falls, interest on deposits may also decrease further: Bankers

Lending rate falls, interest on deposits may also decrease further: Bankers

Siddique Islam 2020-12-06 08:41:59

The interest rate spread dropped slightly in October last as the banks slashed the lending rates more than that of the deposit rates. The interest on the loans and advances decreased comparatively...

100 Bangladeshi products to get duty-free access to Bhutan

100 Bangladeshi products to get duty-free access to Bhutan

-- 2020-12-05 19:49:58

Some 100 Bangladeshi products would get duty-free access to the Bhutanese market under a preferential trade agreement (PTA), which is scheduled to be signed on Sunday. Meanwhile, 34 Bhutanese items w...

Shariah-compliant bonds may fetch Tk 80b for Bangladesh govt in Dec

Shariah-compliant bonds may fetch Tk 80b for Bangladesh govt in Dec

JASIM UDDIN HAROON 2020-12-05 10:38:22

The government is set to raise Tk 80 billion through sukuk or Islamic bonds this December and they will mature in five years, said officials at the financial institutions division. For the first time...

Emerging vulnerabilities during COVID-19 crisis

Emerging vulnerabilities during COVID-19 crisis

Sabrina Miti Gain   2020-12-04 20:23:49

The impact of Covid-19 crisis on the livelihood realities of millions of poor and vulnerable people in Bangladesh has been exceptional. The importance of generating real-time evidence to analyse the e...

Implementing land trust in Bangladesh

Implementing land trust in Bangladesh

Monzur Hossain and Naoyuki Yoshino 2020-12-04 20:22:14

Bangladesh is one of the most densely populated countries in the world but with a land-man ratio of 0.06 ha per person, it occupies the lowest rank. The increasing population begets an increasing dema...

Surplus in balance of payments exceeds $4.0b in July-October

Surplus in balance of payments exceeds $4.0b in July-October

-- 2020-12-04 17:05:50

The surplus in the balance of payments of Bangladesh has continued to rise amid the coronavirus pandemic, exceeding $4 billion in the July-October period. In the same period last year, the key econom...

Ceilings for investing in savings instruments lowered

Ceilings for investing in savings instruments lowered

DOULOT AKTER MALA 2020-12-04 11:11:06

The government lowered the maximum investment ceilings of purchasing three types of savings certificates on Thursday. The certificates are - Five-Year Bangladesh Sanchaypatra, Three-Month Profit-Base...

Foreign-aided development budget unlikely to be cut

Foreign-aided development budget unlikely to be cut

FHM Humayan Kabir 2020-12-04 11:08:39

The government would not have to cut much from the project aid (PA) in the current fiscal year (FY2020-21) as the preparatory consultations on the upcoming revision of the Annual Development Program...

Minister for probing banks' reluctance to disburse stimulus money

Minister for probing banks' reluctance to disburse stimulus money

FE REPORT 2020-12-04 11:05:51

Planning minister MA Mannan has suggested that the central bank enquire about the reasons behind some banks' reluctance to disburse Covid-19 stimulus packages. He is unhappy over the poor execution...

Exports back to positive trend in November

Exports back to positive trend in November

FE Report 2020-12-04 09:52:23

The country's merchandise shipments again showed positive trend with a meagre growth in November this year after witnessing a fall in the previous month of October. The single-month income in Novem...

Facebook to remove COVID-19 vaccine-related misinformation

Facebook to remove COVID-19 vaccine-related misinformation

AP 2020-12-03 23:19:44

Facebook said Thursday it will start removing false claims about COVID-19 vaccines, in its latest move to counter a tide of coronavirus-related online misinformation. In the coming weeks, the socia...

Sector-wide measures in agriculture for lasting food security

Sector-wide measures in agriculture for lasting food security

Firdousi Naher 2020-12-03 20:18:06

Bangladesh was recently termed as the "South Asian Miracle" in a top Indian daily. Clocking a GDP growth rate of 8.15 per cent in FY 2019, it was ahead of not only its giant neighbour, India, but also...

Euro zone economy to gain momentum in 2021 on Covid-19 vaccine hopes: Reuters poll

Euro zone economy to gain momentum in 2021 on Covid-19 vaccine hopes: Reuters poll

-- 2020-12-03 15:18:41

The euro zone economy will contract again this quarter as renewed lockdown measures stifle activity, according to a Reuters poll which showed the bloc’s GDP would then return to pre-crisis level...

Twitter expands hate speech policy to include race, ethnicity

Twitter expands hate speech policy to include race, ethnicity

Reuters 2020-12-03 11:41:23

Twitter has expanded its policy barring hateful speech to include “language that dehumanizes people on the basis of race, ethnicity and national origin,” it said in a statement on Wednesda...

Remitters' docs needn't be verified to disburse cash incentive for Tk half a million

Remitters' docs needn't be verified to disburse cash incentive for Tk half a million

SIDDIQUE ISLAM 2020-12-03 09:01:04

The central bank has relaxed its regulations for receiving cash incentives on the money sent by expatriate Bangladeshis further aiming to expedite the inflow of remittances despite the Covid-19 pand...

2020 on track to become world’s second hottest, UN says

2020 on track to become world’s second hottest, UN says

Reuters 2020-12-02 20:59:46

This year is underway to be the second hottest on record, behind 2016, the World Meteorological Organization (WMO) said on Wednesday. Five data sets currently place 2020, a year characterised by heat...

Govt to import 50,000 tonnes of parboiled rice from India

Govt to import 50,000 tonnes of parboiled rice from India

-- 2020-12-02 20:22:52

The government has approved a proposal to import 50,000 tonnes of parboiled non-Basmati rice from India in the year 2020-21 through international quotation. Additional Cabinet Secretary Abu Saleh Mos...

Govt to follow direct procurement method for vaccines

Govt to follow direct procurement method for vaccines

-- 2020-12-02 19:11:23

The government has decided to follow the direct procurement method (DPM) for procuring the vaccines for the Covid-19 considering it as a matter of urgent state necessity. The Cabinet Committee on Eco...