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The Financial Express

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Six BSCIC directors named for supervising SME loan activities

Six BSCIC directors named for supervising SME loan activities

-- 2020-07-21 15:24:51

The BSCIC Chairman has said that they will provide necessary assistance and supervise the government’s stimulus package of Tk 200.0 billion for the Small and Medium Enterprise (SME) sector. &ld...

Maldives to lower rents for tourism industry

Maldives to lower rents for tourism industry

-- 2020-07-21 15:15:32

The Maldives' government will lower rents for lands leased for tourism-related activities in order to boost investment, local media citing Minister of Economic Development Fayyaz Ismail has said. Ism...

EU reaches deal on post-pandemic recovery after marathon summit

EU reaches deal on post-pandemic recovery after marathon summit

-- 2020-07-21 10:41:54

European Union leaders reached a deal on a massive stimulus plan for their coronavirus-blighted economies at a pre-dawn meeting on Tuesday after a fractious summit that went through the night and into...

Backlog raises RHD's fund demand by 1000pc

Backlog raises RHD's fund demand by 1000pc

Munima Sultana 2020-07-21 10:33:26

Backlog in road maintenance budget of Roads and Highways Department (RHD) during the last five years has increased the agency's fund demand by nearly 1000 per cent this year to keep its countrywide ro...

'Allow FDI in RMG sector'

'Allow FDI in RMG sector'

-- 2020-07-21 09:25:02

Bangladesh should allow foreign direct investment (FDI) in the apparel sector to help the industry weather the Covid-19 crisis, analysts and businesspeople said on Monday. They also said that over-co...

FY'20 ADP execution: Six state entities perform poorly

FY'20 ADP execution: Six state entities perform poorly

FHM HUMAYAN KABIR 2020-07-21 09:17:40

Six ministries and agencies could not spend even half of their development work in the last fiscal, in a blatant repeat of failure year after year, officials said on Monday. An economist said it has...

Floods destroy crops worth Tk 3.49b

Floods destroy crops worth Tk 3.49b

-- 2020-07-20 19:06:06

The government has estimated crop losses from flash floods at Tk 3.49 billion, Agriculture Minister Abdur Razzaque has said. "The floods have destroyed harvests of paddy, vegetables, jute and other c...

Euro zone current account surplus narrows again

Euro zone current account surplus narrows again

-- 2020-07-20 16:21:27

The current account surplus of the 19 countries sharing the euro narrowed to 7.95 billion euros in May from 14.27 billion euros in April on a big outflow of secondary income, which includes transfers...

EU leaders show first signs of compromise on stimulus plan

EU leaders show first signs of compromise on stimulus plan

REUTERS 2020-07-20 16:11:19

Signs emerged that leaders of northern European Union countries were willing to compromise on a 1.8 trillion euro ($2.0 trillion) coronavirus stimulus plan on Monday as talks in Brussels extended to a...

Pandemic forces people to spend savings for survival

Pandemic forces people to spend savings for survival

-- 2020-07-20 13:09:41

Farida Akhter, a homemaker living in Dhaka's Basabo, bought a 'Paribarik Sanchayapatra', a savings instrument, worth Tk 1.0 million two years ago. She used to draw Tk 8,640 a month in interest from it...

GP introduces portable pocket router

GP introduces portable pocket router

-- 2020-07-20 10:19:03

To address the growing need for home office and remote working solutions, Grameenphone has introduced a new LTE pocket router (MF927U) that enables 4G LTE mobile data access for homes, retail stores,...

RMG export earnings in July 1-18 total $1.57b

RMG export earnings in July 1-18 total $1.57b

Monira Munni 2020-07-20 10:13:18

The country's ready-made garment (RMG) export earnings in the first 18 days of July stood at US$1.57 billion despite the Covid-19 pandemic, which local manufacturers consider as a good sign of revivin...

Covid-19: EU recovery summit remains deadlocked

Covid-19: EU recovery summit remains deadlocked

REUTERS 2020-07-20 10:05:43

EU leaders stood at an impasse on Monday after three days of haggling over a plan to revive economies throttled by the Covid-19 pandemic, but the chairman of their near-record-length summit urged them...

Power Division implements 94pc project work under ADP

Power Division implements 94pc project work under ADP

FE REPORT 2020-07-20 09:40:21

The Power Division under the Ministry of Power, Energy and Mineral Resources, or MPEMR, has implemented 94.40 per cent of project work under the Annual Development Programme, or ADP, in the last fis...

NBR plans to prod taxpayers

NBR plans to prod taxpayers

DOULOT AKTER MALA 2020-07-20 09:36:37

The National Board of Revenue (NBR) has revived its plan to identify barriers that constrain making the online income tax returns user-friendly. The income tax wing of the board has formed a high-pow...

Interest rate spread on decline

Interest rate spread on decline

SIDDIQUE ISLAM 2020-07-20 09:34:09

Interest rate spread in the country's banking system improved slightly in May as banks slashed interest rates on deposits more than on lending. The spread defined as the gap between lending and depos...

ADB reorganises projects to offset pandemic effect

ADB reorganises projects to offset pandemic effect

SYFUL ISLAM 2020-07-20 09:25:01

The Asian Development Bank or ADB has reshuffled the current year's projects, pushed back a few and included some fresh programmes with the objective of offsetting the impact of the pandemic on life...

Brazil's Bolsonaro says coronavirus restrictions kill economy

Brazil's Bolsonaro says coronavirus restrictions kill economy

REUTERS 2020-07-19 13:30:38

Brazilian President Jair Bolsonaro said on Saturday that lockdown measures used to curb the spread of the novel coronavirus “kill” and have “suffocated” the country’s eco...

Twitter disables Trump tweet over copyright complaint

Twitter disables Trump tweet over copyright complaint

Reuters 2020-07-19 12:44:34

Twitter disabled a campaign-style video that President Donald Trump retweeted on Saturday, citing a copyright complaint. The video, which included music from the group Linkin Park, disappeared from t...

Public health response remains key priority to protect economic activity: IMF

Public health response remains key priority to protect economic activity: IMF

FE ONLINE DESK 2020-07-19 12:16:32

As countries around the world struggle to strike a balance between lives, jobs and economies amid the continuing impact of the coronavirus pandemic, the International Monetary Fund (IMF)’s Manag...

$3.0b RMG payment uncertain

$3.0b RMG payment uncertain

FE REPORT 2020-07-19 09:38:55

The readymade garment industry might fail to realise or face deferred payment worth US$3.0 billion because of the Covid-19 pandemic, exporters say. Local clothing exporters faced $3.18 billion work o...

'Easier SME financing the key to recovery'

'Easier SME financing the key to recovery'

FE REPOR 2020-07-19 09:28:55

Easy access to finance for smaller enterprises is required for employment generation and economic recovery during and after the pandemic, experts said on Saturday. They also called for creating a pro...

Call for comprehensive emergency debt relief to combat COVID-19

Call for comprehensive emergency debt relief to combat COVID-19

-- 2020-07-18 19:26:30

Global businesses, workers and civil society organisations have called for comprehensive emergency debt relief to enable all countries in need to combat the COVID-19 pandemic. The G20 finance ministe...

China's economic rebound good news for Southeast Asian nations, says economist

China's economic rebound good news for Southeast Asian nations, says economist

Xinhua 2020-07-18 17:43:47

China's economic growth is likely to benefit Southeast Asian nations as the country commands a "lion's share" of regional exports, CNBC quoted an economist as saying on Thursday. Wellian Wiranto, an...

Lower budgetary allocation brings challenges to RHD

Lower budgetary allocation brings challenges to RHD

MUNIMA SULTANA 2020-07-18 12:44:40

With the road network expanding, lower budgetary allocation for road development and maintenance work in this fiscal year is likely to put the authorities concerned in a fix. Although budgetary alloc...

Google bans ads on coronavirus conspiracy theory content

Google bans ads on coronavirus conspiracy theory content

-- 2020-07-18 11:49:32

Alphabet Inc’s Google said on Friday it would prohibit websites and apps that use its advertising technology from running ads on “dangerous content” that goes against scientific cons...

Rewriting forex rules gains pace

Rewriting forex rules gains pace

JASIM UDDIN HAROON 2020-07-18 10:07:44

The government has expedited the process of replacing more than 70-year-old foreign exchange regulations in order to attract investments while improving the ease of doing business. The foreign exch...

Adopt action plan for four SoCBs to meet capital shortfalls

Adopt action plan for four SoCBs to meet capital shortfalls

REZAUL KARIM 2020-07-18 09:39:08

Bangladesh Bank (BB) has suggested the government adopt time-bound action plan for four state-owned commercial banks (SoCBs) to meet their existing capital shortfalls and make them operationally sound...

Scientists identify gel-like substance found on Moon

Scientists identify gel-like substance found on Moon

Xinhua 2020-07-17 19:01:50

Chinese researchers have published an analysis of a gel-like substance spotted by the country's Yutu-2 lunar rover in a crater on the far side of the moon last year. In a research paper published in...

Economic activities could lose steam: BB

Economic activities could lose steam: BB

SIDDIQUE ISLAM 2020-07-17 09:19:41

The central bank has predicted domestic economic activities are likely to lose momentum in near future as side-effects of the shutdowns and slower growth in foreign trade. "The ordered implementation...