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The Financial Express

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NBR's tax receipt move on the skids

NBR's tax receipt move on the skids

Doulot Akter Mala 2020-06-24 09:21:30

The government's revenue collection in the current fiscal year is likely to contract for the first time since the country's independence in 1971. The slump in tax collection as the fallout of the cor...

UN probes reports on record Arctic heat in Siberia

UN probes reports on record Arctic heat in Siberia

-- 2020-06-23 21:09:59

The United Nation weather agency has been investigating media reports suggesting the Arctic Circle has recorded a new record high temperature of over 38 degrees Celsius amid a heat wave and prolonged...

Huawei connects China medical expert team with Bangladesh

Huawei connects China medical expert team with Bangladesh

FE Online Desk 2020-06-23 17:49:22

A total of 12 video conference sessions have been conducted among Chinese medical expert team and departments of Bangladesh government, its medical institutions, designated hospitals and relevant Unit...

Asia Pacific consumers shift rapidly to digital commerce and show no signs of turning back

Asia Pacific consumers shift rapidly to digital commerce and show no signs of turning back

FE Online Desk 2020-06-23 16:47:45

  Consumers in Asia Pacific are rapidly going digital with purchases of everything from groceries to movies in a shift that looks set to become a permanent habit after the pandemic passes, Maste...

US economy to grow more slowly than hoped: Fed official

US economy to grow more slowly than hoped: Fed official

-- 2020-06-23 14:30:12

The US economy is expected to grow more slowly than people had hoped months ago as the country cannot stop the community spread of Covid-19, a senior US Federal Reserve official said on Monday. "Some...

Budget allocation for health not sufficient in view of Covid crisis: CBP

Budget allocation for health not sufficient in view of Covid crisis: CBP

FE ONLINE DESK 2020-06-23 11:51:08

Budgetary allocations for health, agriculture, social protection and education have not been sufficient and visionary in view of the Covid-19 crisis, the Centre on Budget and Policy (CBP), University...

Google faces employee petition to end tech sales to police

Google faces employee petition to end tech sales to police

-- 2020-06-23 10:17:37

More than 1,600 workers at Alphabet Inc are petitioning its Google unit to stop selling email and other services to police departments, a source familiar with the matter said on Monday. The workers i...

BB relaxes rules to assist exporters

BB relaxes rules to assist exporters

FE Report 2020-06-23 09:55:12

The central bank has relaxed regulations, allowing banks to discount usance export bills in foreign exchange with their own source of funds, to facilitate exporters. Under the relaxations, the author...

NBR sets sight on addl Tk 20b from furnace oil import

NBR sets sight on addl Tk 20b from furnace oil import

Doulot Akter Mala 2020-06-23 09:43:14

The National Board of Revenue's (NBR) Customs Wing is eyeing an additional Tk 20 billion import duty with the withdrawal of fiscal incentives on furnace oil import. In the Finance Bill 2020, the fina...

Admin reform holds the key to tapping MNCs' China exodus

Admin reform holds the key to tapping MNCs' China exodus

MIR MOSTAFIZUR RAHAMAN 2020-06-23 09:33:36

Bangladesh needs massive administrative reforms and provisions for increased incentives to leverage the shifting global supply chain, which is likely to move out of China. Since many top multinationa...

74pc migrant workers failed to bring back remittance: Study

74pc migrant workers failed to bring back remittance: Study

FE ONLINE REPORT 2020-06-22 20:40:42

Some 74 per cent of returnee migrant workers failed to bring back remittances from their job destination countries, according to a study. The study, conducted by Refugee and Migratory Movements Resea...

Tourism contributes 12.7pc to Philippine GDP in 2019

Tourism contributes 12.7pc to Philippine GDP in 2019

-- 2020-06-22 16:07:15

The contribution of the tourism industry to the Philippine economy increased to 12.7 per cent in 2019 from 12.3 per cent in 2018, the country's Tourism Secretary Bernadette Romulo-Puyat said on Mond...

Covid-19 poses most uncertain health and economic threat: ICCB

Covid-19 poses most uncertain health and economic threat: ICCB

FE Online Desk 2020-06-21 15:04:22

The world is facing a severe and acute public health emergency and economic threat due to the Covid-19 pandemic, which originated in Wuhan Province of China in last December. The World Health Organiza...

RMG makers may see fall in export earnings: WTO

RMG makers may see fall in export earnings: WTO

MONIRA MUNNI 2020-06-21 09:26:30

Textile and clothing manufacturers of least-developed countries (LDCs), including Bangladesh, are likely to face a significant fall in export earnings in 2020. The World Trade Organisation (WTO), i...

‘Reform’ key to bankrolling budget

‘Reform’ key to bankrolling budget

FE REPORT 2020-06-21 09:22:58

Carrying out necessary reform in the financial sector and addressing health crisis are crucial to financing the budget while preventing economic growth from tumbling, economists say. They also put em...

IMF likely to deploy emergency financing for 70 countries

IMF likely to deploy emergency financing for 70 countries

-- 2020-06-20 16:16:29

The International Monetary Fund (IMF) has said it is expected to deploy emergency financing for 70 countries by Friday as the Covid-19 pandemic continues to ripple across the globe. IMF spokesperson...

US unemployment rate to remain in double digits by end of year

US unemployment rate to remain in double digits by end of year

-- 2020-06-20 14:16:22

The US unemployment rate will remain in double digits by the end of this year as efforts to contain Covid-19 so far have not been particularly successful in the country, a senior US Federal Reserve...

World Bank approves over $1b for Bangladesh

World Bank approves over $1b for Bangladesh

-- 2020-06-20 12:14:37

The World Bank has approved $1.05 billion for three projects to help Bangladesh create quality jobs and accelerate economic recovery from the Covid-19 pandemic as well as build resilience to future cr...

Recapitalising SoCBs not good move: Economist

Recapitalising SoCBs not good move: Economist

JASIM UDDIN HAROON 2020-06-20 09:24:26

The government has allocated a significant amount of fund in the proposed budget for fiscal year (FY) 2020-21 to recapitalise the state-owned banks at a time when budget financing remains a big challe...

Motorbike makers for conducive policy support

Motorbike makers for conducive policy support

FE Online Desk 2020-06-19 13:35:34

Motorcycle Manufacturers and Exporters Association of Bangladesh (MMEAB) reiterated its demand to the government to continue its supportive policies for the development of the industry and its backwar...

Increase investment in education and health sectors

Increase investment in education and health sectors

FE Online Desk 2020-06-19 13:26:05

Experts in a post-budget discussion recently put thrust on increasing investment in health and education sectors which will help the country attain its desired growth. They were participating in a...

UN chief calls for protection of jobs amid pandemic

UN chief calls for protection of jobs amid pandemic

-- 2020-06-19 12:45:33

United Nations (UN) Secretary-General Antonio Guterres has called for the protection of jobs amid Covid-19. The pandemic has turned the world of work upside down. Every worker, every business, and ev...

Facebook takes down Trump ads over 'organised hate' policy

Facebook takes down Trump ads over 'organised hate' policy

Reuters 2020-06-19 11:20:35

Facebook said on Thursday it took down posts and ads run by the re-election campaign of US President Donald Trump for violating its policy against organised hate. The ads showed a red inverted t...

China grants zero tariff benefits to 5,161 more Bangladeshi products

China grants zero tariff benefits to 5,161 more Bangladeshi products

-- 2020-06-19 10:41:08

China has granted zero tariff treatment for 5,161 more Bangladeshi products in the Chinese market effective from July 1. With the announcement made by the State Council of Ministry of Finance of Chin...

BB slashes CRR to 2.0pc for OBO

BB slashes CRR to 2.0pc for OBO

Siddique Islam 2020-06-19 09:22:17

The central bank has slashed cash reserve ratio (CRR) by 200 basis points to 2.0 per cent only from existing level of 4.0 per cent for the offshore banking operation (OBO) in Bangladesh. Under the...

VAT changes 'disaster' for businesses

VAT changes 'disaster' for businesses

FE REPORT 2020-06-19 09:17:37

Business leaders alleged on Thursday that the changes in VAT measures in the budget have turned the relevant law into a business-unfriendly statute. They said the 2012 VAT law has been transformed in...

COVID-19: Delay in mobilisation of equipment hindering ADP projects

COVID-19: Delay in mobilisation of equipment hindering ADP projects

FE ONLINE REPORT 2020-06-18 20:43:49

Mobilisation of equipment worth Tk 4.0 billion for implementing different development projects has been delayed due to communication disruption amid coronavirus pandemic.     State Min...

AI training programme concludes

AI training programme concludes

FE Online Report 2020-06-18 18:21:33

A daylong online training on Artificial Intelligence (AI) was organised by the Innovation Design and Entrepreneurship Academy (iDEA) project of Bangladesh Computer Council (BCC) under the ICT Division...

DSE brokers for reconsidering four budget proposals

DSE brokers for reconsidering four budget proposals

FE ONLINE REPORT 2020-06-18 12:26:19

The DSE Brokers Association urged the government to reconsider four proposals in the final budget, including reduction of AIT of its members to 0.015 per cent from the existing 0.05 per cent to surviv...

ADB projects 0.1pc GDP growth for Asia in 2020

ADB projects 0.1pc GDP growth for Asia in 2020

-- 2020-06-18 11:53:03

Developing Asia will barely grow in 2020 as containment measures to address the Covid-19 pandemic hamper economic activity and weaken external demand, according to an updated Asian Development Bank (A...