Loading...
The Financial Express

Search results for: EC

Cost of living: The shock of rising prices in Japan

Cost of living: The shock of rising prices in Japan

BBC 2022-06-09 12:15:33

As a child growing up in Japan, things very rarely seemed to get more expensive. My favourite lunch was always available for a 500 yen coin ($3.90; £3.10) and it remained that way until...

'Impose more taxes on luxury items to save forex reserves'

'Impose more taxes on luxury items to save forex reserves'

FE REPORT 2022-06-09 10:33:45

Bangladesh needs to be careful about imports and should impose more taxes on luxury items to save foreign-exchange reserves in the country, said former Bangladesh Bank governor Dr Atiur Rahman. Speak...

Taka gains against dollar after serial depreciation

Taka gains against dollar after serial depreciation

SIDDIQUE ISLAM 2022-06-09 08:50:32

A turnaround comes as the Bangladesh taka gained 50 paisa in its value against the US dollar Wednesday after a depreciation dive for four consecutive workdays. The US currency was quoted at Tk 91.50...

Taxation recast can ‘cut income inequality’

Taxation recast can ‘cut income inequality’

DOULOT AKTER MALA 2022-06-09 08:46:17

Income inequality in Bangladesh goes gaping to worst level after the pandemic as government's direct-tax measure proves futile in addressing the disparity, experts say. Despite Bangladesh having amon...

Budget for FY '23 today: Protecting poor, reviving growth top targets

Budget for FY '23 today: Protecting poor, reviving growth top targets

JASIM UDDIN HAROON 2022-06-09 08:43:35

Helping out marginalised people from price surges and economic-growth rebound top targets in a Tk 6.78-trillion new budget the government unfurls today (Thursday) at a worldwide crunch time. Agricult...

Turkey struggles to push Russia, Ukraine into grain deal to ease food crisis

Turkey struggles to push Russia, Ukraine into grain deal to ease food crisis

-- 2022-06-08 23:21:48

Turkish efforts to ease a global food crisis by negotiating safe passage for grain stuck in Black Sea ports met resistance as Ukraine said Russia was imposing unreasonable conditions and the Kremlin s...

Russia's economic slump will wipe out 15 years of gains, says global banking group

Russia's economic slump will wipe out 15 years of gains, says global banking group

-- 2022-06-08 22:18:46

Russia's economy will shrink 15 per cent this year and 3 per cent in 2023 as the hit from Western sanctions, an exodus of companies, a Russian "brain-drain" and collapse in exports wipe out 15 years o...

Bangladesh starts collecting extra $1.5b as budgetary support, says PM

Bangladesh starts collecting extra $1.5b as budgetary support, says PM

-- 2022-06-08 19:13:41

The government has started a process to collect an additional $1.5 billion as budgetary support to tackle future emergencies and economic crises due to the Russia-Ukraine war and the Covid-19 pandemic...

Kamal likely to place Tk 6.78 trillion budget for FY23 Thursday

Kamal likely to place Tk 6.78 trillion budget for FY23 Thursday

-- 2022-06-08 15:53:28

Finance Minister AHM Mustafa Kamal is likely to place a Tk 6.78 trillion budget for the next fiscal year (FY23) at Jatiya Sangsad (JS) on Thursday (tomorrow) with the major challenge of reining inflat...

Finland keen to support Bangladesh’s sustainable development

Finland keen to support Bangladesh’s sustainable development

-- 2022-06-08 15:27:57

Finland is keen to cooperate with Bangladesh in the field of sustainable and renewable energy, said Finnish non-resident ambassador to Bangladesh Ritva Koukku-Ronde on Wednesday. The envoy, who resid...

5 Websites that offer important utilities for free

5 Websites that offer important utilities for free

FARDEEN KABIR 2022-06-08 15:23:04

There is a common perception that free websites are not of much use as the paid ones. While it is true to some extent; people often do not get the best free utilities due to a lack of knowledge about...

India raises rates for second straight month to tackle racing inflation

India raises rates for second straight month to tackle racing inflation

REUTERS 2022-06-08 12:45:31

The Reserve Bank of India's key interest rate was raised by 50 basis points on Wednesday as widely expected, the second hike in as many months, in a bid to cool persistently high inflation in Asia's...

'Controlling inflation important during post-Covid recovery'

'Controlling inflation important during post-Covid recovery'

FE REPORT 2022-06-08 11:11:20

The Brac University Economics Club (BUEC) organised a technical workshop on national budget featuring Dr Zahid Hussain, the former Lead Economist at the World Bank, recently to give an overview of fis...

Defaulted loans: NBFIs asked not to write off until settlement

Defaulted loans: NBFIs asked not to write off until settlement

FE REPORT 2022-06-08 08:56:56

The central bank asks non-banking financial institutions (NBFIs) not to write off the defaulted loans swindled by scammers until the settlement of legal disputes, officials say. All the NBFIs have be...

Consumption squeezes under price pressures

Consumption squeezes under price pressures

DOULOT AKTER MALA 2022-06-08 08:43:15

Consumption pattern of middle-to lower-income groups has changed significantly under the squeezing impacts of constant economic challenges that force them to trim basic living costs, analysts say. Th...

Challenges lie in cutting inflation-fuelled woes

Challenges lie in cutting inflation-fuelled woes

FE REPORT 2022-06-08 08:33:35

An estimated Tk 6.78 trillion worth of expansionary budget is coming tomorrow (Thursday) with government sights set on higher targets, amid soaring prices and inflationary pressures on the economy....

IMF urges countries to avoid blanket subsidies as food, fuel prices soar

IMF urges countries to avoid blanket subsidies as food, fuel prices soar

-- 2022-06-07 23:05:50

The International Monetary Fund (IMF) said on Tuesday governments fighting soaring food and fuel prices should target aid to vulnerable citizens rather than issue across-the-board aid that risked addi...

Rouble weakens as Russia slightly eases capital controls

Rouble weakens as Russia slightly eases capital controls

-- 2022-06-07 22:28:57

The Russian rouble gave up gains to weaken on Tuesday, edging away from 61 to the dollar as the finance ministry slightly eased capital controls and investor focus turned to an expected central bank r...

EU agrees single mobile charging port in blow to Apple

EU agrees single mobile charging port in blow to Apple

-- 2022-06-07 20:41:34

Apple will have to change the connector on iPhones sold in Europe by 2024 after EU countries and lawmakers agreed on Tuesday to a single mobile charging port for mobile phones, tablets and cameras in...

World Bank slashes global growth forecast to 2.9pc

World Bank slashes global growth forecast to 2.9pc

-- 2022-06-07 20:31:15

The World Bank on Tuesday slashed its global growth forecast by 1.2 percentage points to 2.9 per cent for 2022, warning that Russia's invasion of Ukraine has compounded the damage from the COVID-19 pa...

Taka depreciates further by 5.0 paisa against USD

Taka depreciates further by 5.0 paisa against USD

FE ONLINE REPORT 2022-06-07 19:00:02

The local currency depreciated further on Tuesday against the US dollar mainly due to higher demand for the greenback for settling import-payment obligations. Bangladesh Taka (BDT) lost its value by...

Finance minister set to unveil Tk 6.80t national budget for FY23 on Thursday

Finance minister set to unveil Tk 6.80t national budget for FY23 on Thursday

-- 2022-06-07 16:47:37

Finance Minister AHM Mustafa Kamal is set to place the national budget of Tk 6.80 trillion at the Jatiya Sangsad for 2022-2023 fiscal year (FY23) on Thursday. The size of the budget will be about 15...

Join Programming Hero and earn Tk 1 lakh per month

Join Programming Hero and earn Tk 1 lakh per month

FE Online 2022-06-07 14:45:36

Programming Hero is a Bangladeshi ed-tech startup with the mission to make programming education more fun. Vacancy: not specified Vacancy Type: Tech Lead, MERN Stack Job Context: We are looking...

SANEM’s Selim Raihan wants govt to rethink mega projects

SANEM’s Selim Raihan wants govt to rethink mega projects

-- 2022-06-07 12:08:13

Dr Selim Raihan, the executive director of the South Asian Network on Economic Modeling, or SANEM, an economic think tank, has sought clear guidelines from the national budget to recover from the ongo...

Cut out-of-pocket health cost, speakers tell pre-budget dialogue

Cut out-of-pocket health cost, speakers tell pre-budget dialogue

FE REPORT 2022-06-07 09:30:16

Health sector allocations in the national budget must aim to reduce the share of out-of-pocket expenditure in the total health expenditure, said speakers at a pre-budget dialogue on Monday. Highlight...

One USD now costs Tk 91.95

One USD now costs Tk 91.95

FE ONLINE REPORT 2022-06-06 20:07:54

The local currency depreciated further significantly on Monday against the US dollar (USD) mainly due to higher demand for the greenback for settling import-payment obligations. Bangladesh Taka (BDT)...

How to run hard disk defragmentation to speed up your computer

How to run hard disk defragmentation to speed up your computer

Fardeen Kabir 2022-06-06 19:49:35

Consider all of the data on your hard disk to be a pile of laundry. There are various colours and clothing items, and then they all get muddled up in the wash. Your clothes are all there, but they've...

'Out-of-pocket health expenditure must be reduced'

'Out-of-pocket health expenditure must be reduced'

FE ONLINE DESK 2022-06-06 17:48:49

Speakers at a pre-budget dialogue organised by Bangladesh Health Watch and Unnayan Shamannay have said health sector allocations in the national budget must aim to reduce the share of out-of-pocket ex...

BDT weakens further against USD

BDT weakens further against USD

FE ONLINE REPORT 2022-06-06 17:46:26

The exchange rate of the Bangladesh Taka (BDT) has again depreciated, by Tk 1.60, against the US dollar mainly due to higher demand for the greenback for settling import-payment obligations. The loca...

After India’s wheat export ban, panicked traders step up rice purchases

After India’s wheat export ban, panicked traders step up rice purchases

-- 2022-06-06 16:22:36

India's surprise ban on wheat exports has prompted rice traders to increase purchases and place unusual orders for longer-dated deliveries, fearing the world's top rice exporter may restrict those shi...