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Maldives permits 84pc of resorts to reopen

-- 2020-12-02 14:26:15

Some 84 per cent of resorts in the Maldives have been granted permission to reopen by the Ministry of Tourism since July, local media reported on Wednesday. Tourism Ministry statistics showed that 13...

US Fed chief says recovery slows amid economic reopening

-- 2020-12-02 14:16:20

US Federal Reserve Chairman Jerome Powell said Tuesday that economic activity has continued to recover from its depressed second-quarter level, but momentum has slowed down in recent months. Noting t...

China successfully lands spacecraft on moon’s surface to retrieve lunar materials

-- 2020-12-02 14:02:09

China successfully landed a spacecraft on the moon’s surface on Tuesday in a historic mission to retrieve lunar surface samples, Chinese state media reported. China launched its Chang’e-5...

With IFC support, Gazipur set to develop Bangladesh’s first public-private wastewater project

FE Online Desk 2020-12-02 12:53:48

In a first-of-its-kind initiative, the industrial city of Gazipur near the capital Dhaka, Bangladesh will develop a wastewater and sludge treatment system with private sector participation in two of...

Import duties worth Tk 62b stuck in court cases

FE REPORT 2020-12-02 10:05:27

The National Board of Revenue (NBR) is failing to realise some Tk 62 billion import duty that is stuck with 15,777 pending cases, officials have said. The huge sum is blocked, as importers prefer t...

Remittance inflow grows over 41pc in five months

SIDDIQUE ISLAM 2020-12-02 09:05:20

The flow of inward remittances reached $10.90 billion in the first five months of the current fiscal year (FY 2020-21), registering an increase of more than 41 per cent, despite the ongoing Covid-19 p...

Two thirds of school-age children without internet access: UN

FE ONLINE DESK 2020-12-01 21:51:39

Two thirds of the world’s school-age children – or 1.3 billion children aged 3 to 17 years old – do not have internet connection in their homes, according to a report. The UNICEF an...

Bangladesh won’t fall into debt trap: Momen

FE Online Report 2020-12-01 19:36:00

Bangladesh will not fall into the so-called debt trap due to its borrowing from China or India, Foreign Minister Dr AK Momen said on Tuesday. Many critics argue that since Bangladesh has undertaken a...

Bangladesh’s coastal communities deserve benefits from the blue economy: People’s Tribunal

FE ONLINE REPORT 2020-12-01 19:29:23

Exploitation of Bangladesh’s marine resources may result in loss of bio-diversity and exclusion of coastal communities unless issues of rights and environment are addressed, a panel of inter-sta...

Ecnec okays much-sought third submarine cable project

-- 2020-12-01 18:05:31

The Executive Committee of the National Economic Council (Ecnec) on Tuesday cleared four development projects, including Tk 6.93 billion (Tk 693-crore) one to install the third submarine cable. The s...

Australian telescope maps 3.0m galaxies in just 300 hours

Aljazeera 2020-12-01 16:29:27

A powerful new telescope in outback Australia has mapped vast areas of the universe in record-breaking time, revealing a million new galaxies and opening the way to new discoveries, the country’...

China recovery boosts Asian factories, but trouble seen ahead

-- 2020-12-01 16:00:33

Asian factories continued to recover steadily in November thanks to a boom in economic powerhouse China, private surveys showed on Tuesday, offering hope the region was shaking off the drag from the C...

UN predicts record 235m people will need humanitarian help in 2021

-- 2020-12-01 14:36:55

A record 235 million people will need humanitarian assistance next year, a near-40 per cent increase on 2020 which is "almost entirely from Covid-19," the UN's emergency relief chief said on Tuesday....

Supreme Court cause-list app now available on App Store

FE ONLINE REPORT 2020-12-01 13:16:39

The Supreme Court (SC) cause-list app has been made available on the Apple App Store, according to a top court statement issued on Tuesday. The app provides a user-friendly interface for the judges,...

Canada unveils new economic relief package

-- 2020-12-01 11:04:27

The Canadian government has unveiled a new financial programme worth billions of Canadian dollars to boost the country’s economy amid the coronavirus (Covid-19) pandemic. The programme titled "...

Dhaka eyes $1.2b WB hard-term loan for three development projects

FHM HUMAYAN KABIR 2020-12-01 09:01:07

Bangladesh is likely to seek a hard-term World Bank (WB) loan worth US$ 1.2 billion to finance three of its development projects, officials said on Monday. They said the country may have to choose th...

Non-performing loans shown to have dropped but still close to Tk 1.0tn

SIDDIQUE ISLAM 2020-12-01 08:37:00

The default loans dropped slightly in September last as the central bank suspended the routine exercise of classification to help businesses overcome the adverse impact of Covid-19 pandemic. The volu...

NBR chairman in favour of special tax benefits to prevent money laundering

-- 2020-11-30 23:27:19

National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem has said ‘special tax benefits’ can be given to those who are laundering money abroad for fear of paying taxes in the c...

NBR extends deadline for tax returns until Dec 31

FE ONLINE REPORT 2020-11-30 16:46:41

The National Board of Revenue (NBR) has extended the deadline for tax return submission by individual taxpayers until December 31. The NBR Chairman Abu Hena Md Rahmatul Munim on Monday said the deadl...

Calling out for next-gen trade finance

Md Wahidul Islam 2020-11-29 19:50:11

With Covid-19 completely dismantling the economy, innovation sprung in different spheres of business as coping mechanisms. With regard to international business, trade finance –constituting fina...

National Income Tax Day on Monday

-- 2020-11-29 19:12:04

The ‘National Income Tax Day-2019’ will be observed on Monday across the country aiming to create awareness among the people for payment of income tax regularly. The National Board of Rev...

China's first Hualong One nuclear reactor starts operations

-- 2020-11-29 18:51:45

China National Nuclear Corp (CNNC) said on Friday its first Hualong One, a third-generation pressurised water nuclear reactor, has started operations and is connected to the grid. The design, seen as...

Private external debt drops in FY20

FE Online Report 2020-11-29 11:53:57

External debt to the country’s private sector declined in the past fiscal year (FY20) mainly due to the outbreak of Covid-19. Statistics available with Bangladesh Bank showed that outstanding s...

Russian economy to fall by 4.5pc in 2020: official

Xinhua 2020-11-29 11:38:07

The Russian economy is projected to decline by 4.5 per cent this year, a senior official said Saturday. The drop will be "more than 4.0 per cent, (and) it will be even 4.5 per cent," Aleksei Kudrin...

Dhaka's foreign aid receipt up by about 20pc in July-Oct

FE REPORT 2020-11-28 10:26:15

Bangladesh's foreign aid inflow boosted in the first four months of the current fiscal year (FY), 2020-21, as the development partners disbursed 19 per cent higher funds than the corresponding period...

Bangladesh starts sending workers abroad

ARAFAT ARA 2020-11-28 08:41:08

Bangladesh has started sending workers abroad with jobs after months of uncertainty triggered by the Covid-19 pandemic. The Bureau of Manpower, Employment and Training (BMET) data showed that a total...

Rethinking development effectiveness: Perspectives from the global South

Debapriya Bhattacharya and Sarah Sabin Khan 2020-11-27 22:40:12

Discourse on the effectiveness of external public development finance flows is at a turning point. The development landscape has experienced dramatic shifts over the last two decades. The rise of the...

Supply chains of contract manufacturers to be more traceable thru VAT guideline

FE REPORT 2020-11-27 10:40:09

The contract manufacturers will enjoy a simplified VAT process for the production and supply of goods under a new guideline. The National Board of Revenue (NBR) issued the guideline on Tuesday to hel...

Deadline for disbursing stimulus money among smaller enterprises extended

SIDDIQUE ISLAM 2020-11-27 09:43:05

The central bank has extended the deadline further to implement the stimulus package for cottage, micro, small and medium enterprises (CMSMEs) from November 30 to December 31. It has also relaxed reg...

Dhaka-Thimphu to ink PTA deal next month, says Bhutanese envoy

-- 2020-11-26 20:38:29

Bhutan will sign the Preferential Trade Agreement (PTA) with Bangladesh in December to further enhance trade and commerce between the two countries. "All necessary works on the PTA have been complete...