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Post-Covid economic recovery focused budget: DCCI

Post-Covid economic recovery focused budget: DCCI

FE Online Report 2020-03-11 20:47:00

Dhaka Chamber of Commerce and Industry (DCCI) President Shams Mahmud in his initial budget reaction said that the budget has focused GDP growth of 8.2 per cent and inflation of 5.4 per cent. He ter...

BoE cuts main interest rate to 0.25pc

BoE cuts main interest rate to 0.25pc

-- 2020-03-11 16:03:58

The Bank of England (BoE), the central bank of the country, on Wednesday cut its main interest rate from 0.75 per cent to 0.25 per cent as part of a package of measures to cushion the impact of COVID-...

Economy shows mix trend: ICCB

Economy shows mix trend: ICCB

FE Online Report 2020-03-11 14:52:35

The performance of Bangladesh economy in 2019 with reference to global, macro and micro levels presents a mixed picture. Globally, the country did not suffer any major setback during the year, but som...

Microsoft takes down millions of zombie bots

Microsoft takes down millions of zombie bots

-- 2020-03-11 12:30:23

Microsoft has said it was part of a team that dismantled an international network of zombie bots. The network call Necurs infected over nine million computers and one of the world's largest botnets....

Postal savings schemes: Automation launch today to create savers’ database

Postal savings schemes: Automation launch today to create savers’ database

FE REPORT 2020-03-11 10:32:38

Finance Minister AHM Mustafa Kamal will inaugurate an automation programme today (Wednesday) meant for creating a database of savers who will open savings accounts with directorate of posts. Two key...

ADP implementation 37.09pc in eight months

ADP implementation 37.09pc in eight months

-- 2020-03-10 17:29:03

The implementation rate of the Annual Development Programme (ADP) during July-February period of the current fiscal year (FY20) was 37.09 per cent with an expenditure of Tk 797.85.86 billion. Plannin...

ECNEC approves country’s first deep-sea port project

ECNEC approves country’s first deep-sea port project

-- 2020-03-10 17:13:08

The Executive Committee of the National Economic Council (ECNEC) has approved the country’s first deep-sea port project to be built in Matarbari of Cox’s Bazar by 2026. The approval was g...

Confce on ‘VNR 2020 of Bangladesh: Positioning Non-State Actors’ on March 11

Confce on ‘VNR 2020 of Bangladesh: Positioning Non-State Actors’ on March 11

FE Online Desk 2020-03-10 13:44:02

Citizen’s Platform for SDGs, Bangladesh in association with 11 of its partner organisations is organising a day-long conference titled ‘VNR 2020 of Bangladesh: Positioning Non-State Actors...

Latest on the spread of coronavirus around the world

Latest on the spread of coronavirus around the world

-- 2020-03-10 11:36:00

The number of people infected with the coronavirus topped 114,000 across the world as the outbreak spread to more countries, causing greater economic damage, reports Reuters. DEATHS/INFECTIONS - Mor...

BB buys US dollar from banks to keep forex market stable

BB buys US dollar from banks to keep forex market stable

SIDDIQUE ISLAM 2020-03-10 10:06:48

The central bank has resumed purchasing the US dollar from the commercial banks after around three years to help the country's foreign exchange (forex) market remain stable. As part of the move, the...

Nil return submission up

Nil return submission up

Doulot Akter Mala 2020-03-10 10:02:24

The number of zero return submission by both corporate and individual taxpayers has reached over 400,000 so far of the current fiscal year, in a sign taxpayers conceal the actual income. The submissi...

Coronavirus may pull down global FDI by 5.0 to 15.0pc: UNCTAD

Coronavirus may pull down global FDI by 5.0 to 15.0pc: UNCTAD

FE Online Report 2020-03-09 16:01:25

The outbreak and spread of Coronavirus (Covid19) will negatively affect the global flows of foreign direct investment (FDI) in the current and next years. The rate of decline may be minimum 5.0 per...

Current account deficit narrows in seven months

Current account deficit narrows in seven months

SIDDIQUE ISLAM 2020-03-09 11:17:46

Deficit in the current account balance has declined significantly in the first seven months of the current fiscal year (FY), 2019-20, on the back of shrinking merchandise trade gap. Bangladesh's trad...

'BD's economic growth to continue at 8.0pc this FY'

'BD's economic growth to continue at 8.0pc this FY'

FE REPORT 2020-03-08 10:06:49

Japanese Ambassador in Dhaka Naoki Ito has expressed the hope that Bangladesh's economic growth will continue at 8.0 per cent this fiscal year (FY) despite negative impact of the coronavirus outbreak....

Returnee women workers: When all hopes are dashed

Returnee women workers: When all hopes are dashed

ARAFAT ARA 2020-03-08 09:58:19

Dalia Aktar (23) lost all hopes to lead a normal life when she returned home abused while working in Saudi Arabia. She got her backbone and a leg fractured while trying to escape workplace by jumping...

Bangladesh third largest RMG product supplier to US

Bangladesh third largest RMG product supplier to US

-- 2020-03-07 20:08:32

A top US trade official for South and Central Asia has said Bangladesh has emerged as the third largest readymade garment (RMG) product supplier to the United States after China and Vietnam. Assistan...

Facebook closes London offices until Monday due to coronavirus

Facebook closes London offices until Monday due to coronavirus

Reuters 2020-03-07 11:53:57

Facebook said on Friday it is closing its London offices until Monday after a visiting employee from Singapore was diagnosed with coronavirus. “An employee based in our Singapore office who has...

Govt can't recover NPLs rapidly on procedural tangles: Planning Minister

Govt can't recover NPLs rapidly on procedural tangles: Planning Minister

FE Report 2020-03-07 11:07:20

Planning Minister M A Mannan, on Friday, said the government is maintaining an uncompromising stance on realising defaulted bank loans. But, it cannot recover the bad loans immediately, as there are s...

BD to enjoy existing trade preference in EU till 2027

BD to enjoy existing trade preference in EU till 2027

FE REPORT 2020-03-06 12:11:24

There is nothing to be worried about preferential treatment of Bangladesh in the European Union even after the country's graduation from LDC (least developed country) status in 2024, a German diplomat...

Coronavirus impact may cost BD trade $16m: UNCTAD

Coronavirus impact may cost BD trade $16m: UNCTAD

FE REPORT 2020-03-06 11:02:19

The impact of coronavirus on Bangladesh's trade for disruptions to China's exports of intermediate inputs is amounted to be $16 million, a UN report revealed. Its leather sector might be the worst af...

Banks asked to stop giving services to unauthorised bodies

Banks asked to stop giving services to unauthorised bodies

FE REPORT 2020-03-06 10:55:58

The central bank has asked scheduled banks to restrain from giving services to the unauthorised institutions that provides services as payment service provider (PSP) or payment service operator (PSO)....

Look ahead, mind economic caveats: Economists to policymakers

Look ahead, mind economic caveats: Economists to policymakers

FE REPORT 2020-03-06 10:51:12

Warning against complacency, speakers on Thursday called for assessing dismal economic indicators such as non-performing loans, ailing stock market, sluggish export income, and rising inequality. The...

Imports from ACU nations go up

Imports from ACU nations go up

FE REPORT 2020-03-06 10:31:19

Imports from Asian Clearing Union (ACU) member countries increased by more than 18 per cent in the January-February period of this calendar year, officials said. The amount of payment rose to $1.15 b...

Export earnings drop to $26.24b in eight months

Export earnings drop to $26.24b in eight months

FE Online Report 2020-03-05 17:23:10

The country's export earnings fell by 4.79 per cent to US$26.24 billion in the first eight months of the current fiscal year (FY20) against $27.56 billion in the corresponding period of the last fisca...

Beige Book reports negative impact of coronavirus on US economy

Beige Book reports negative impact of coronavirus on US economy

-- 2020-03-05 12:45:47

The feared spread of Coronavirus has had a negative impact on the US economy, dimming the growth prospect of the economy in the near term, according to the Beige Book. US Federal Reserve (Fed) said...

Philippine inflation slows down to 2.6pc in Feb

Philippine inflation slows down to 2.6pc in Feb

-- 2020-03-05 12:17:57

The Philippines' headline inflation slowed down to 2.6 per cent in February, compared to 2.9 per cent in January and 3.8 per cent in February 2019, the Philippine Statistics Authority said on Thursday...

Twitter testing disappearing ‘fleets’ in Brazil

Twitter testing disappearing ‘fleets’ in Brazil

-- 2020-03-05 12:06:13

Twitter Inc said on Wednesday it was testing in Brazil a new type of tweet that disappears after 24 hours, similar to the stories feature popular on Snapchat and Facebook’s photo-sharing app Ins...

IMF provides $50 billion to fight coronavirus outbreak

IMF provides $50 billion to fight coronavirus outbreak

-- 2020-03-05 10:23:44

The International Monetary Fund (IMF) has announced $50 billion in funding for countries hit by the coronavirus. The organisation also warned that the outbreak had already pushed this year's global e...

MCCI portrays a mixed picture, lists challenges

MCCI portrays a mixed picture, lists challenges

FE REPORT 2020-03-05 10:16:02

Outlining multiple challenges facing the country on business and fiscal fronts, the Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, a leading trade body, has suggested that the government...

BAPEX announces discovery of new gas field in Cumilla

BAPEX announces discovery of new gas field in Cumilla

-- 2020-03-04 18:21:57

The Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) announced discovery of a new gas field in Srikail of Cumilla’s Muradnagar upazila on Tuesday. The digging work starte...