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Bangladesh for early conclusion of inclusive PTA with Indonesia

Bangladesh for early conclusion of inclusive PTA with Indonesia

-- 2021-11-16 22:00:12

Bangladesh has stressed the importance of an early conclusion of bilateral Preferential Trade Agreement (PTA) with Indonesia by making it inclusive and mutually beneficial. Bangladesh observed that s...

China overtakes US as world's richest nation

China overtakes US as world's richest nation

-- 2021-11-16 18:04:24

China has surpassed the United States to become the richest nation in the world as global wealth tripled over the past two decades, according to global media reports. McKinsey & Co., a management...

Bill introduces penalties for buying savings certificates with false information

Bill introduces penalties for buying savings certificates with false information

-- 2021-11-16 16:46:41

A bill specifying penalties for buying national savings certificates with false information has been placed in parliament for approval. Finance Minister AHM Mustafa Kamal tabled the ‘Public Deb...

Saudi Arabia's race to attract foreign investment dogged by scepticism

Saudi Arabia's race to attract foreign investment dogged by scepticism

-- 2021-11-16 11:07:51

Saudi Arabia could have a credibility problem if it keeps shifting the goal posts for the amount of foreign investment it wants to turn its vision of a future beyond oil into a reality, financial sour...

Banks, financial institutions asked to lower NPLs, ramp up stimulus delivery

Banks, financial institutions asked to lower NPLs, ramp up stimulus delivery

SYFUL ISLAM 2021-11-16 08:49:58

Government's finance authority asks the state-owned banks (SoBs) and financial institutions (FIs) to expedite implementation of stimulus packages by ramping up fund disbursement and recovery, and lowe...

Agriculture sector’s economic model needs change: Hossain Zillur Rahman

Agriculture sector’s economic model needs change: Hossain Zillur Rahman

FE Report 2021-11-16 08:47:26

The country's agriculture sector needs to be upgraded to a development-intensified one from the current cheap labour-based economic model, Dr Hossain Zillur Rahman opined. "The agriculture sector is...

Mutant, variant and strain - what's the difference?

Mutant, variant and strain - what's the difference?

Shaeri Nawar 2021-11-15 18:26:59

Although the fear of COVID-19 is fading, there are still concerns regarding its variants and strains. While many of us don't know the differentiations properly, we often step into false information re...

ADB irked by slow progress in project execution in Bangladesh

ADB irked by slow progress in project execution in Bangladesh

FHM HUMAYAN KABIR 2021-11-13 09:46:20

The Asian Development Bank is going to be tougher on funding Bangladesh's development recipe as the financier reviews a slew of slow-moving projects this month, officials said Friday. Just one-and-...

Bangladesh seeks post-graduation EU trade support

Bangladesh seeks post-graduation EU trade support

FE REPORT 2021-11-12 09:57:27

Dhaka urged the European Union (EU) to continue trade preferences to Bangladesh even after the country graduates from world's poor-country club, under unimpeachable economic partnership. The call c...

Hasina seeks investment in creative economy

Hasina seeks investment in creative economy

-- 2021-11-12 09:27:46

Bangladesh wishes to contribute to global socio-economic development and technological advancement despite its limited capacity and investments in the creative economy can help it do so, Sheikh Hasina...

'Stimulus package or subsidy to BPC could have been a way out'

'Stimulus package or subsidy to BPC could have been a way out'

FE REPORT 2021-11-12 08:50:23

The government should have offered a stimulus package or provided a subsidy to state-run Bangladesh Petroleum Corporation (BPC) instead of raising fuel prices, speakers at a seminar opined on Thursd...

Bangladesh to get €330m from France for development projects

Bangladesh to get €330m from France for development projects

FE ONLINE DESK 2021-11-11 13:58:42

The development agency of France will provide €330 million for the implementation of development projects in Bangladesh. Bangladesh and France have signed three agreements in this regard. Of th...

NASA, SpaceX launch four more astronauts into orbit

NASA, SpaceX launch four more astronauts into orbit

-- 2021-11-11 12:04:41

NASA and private rocket company SpaceX launched four astronauts into orbit late on Wednesday, sending a veteran spacewalker, two younger crewmates chosen for future lunar missions and a German materia...

Dhaka now seeks $701m from Beijing to bankroll two priority projects

Dhaka now seeks $701m from Beijing to bankroll two priority projects

FHM HUMAYAN KABIR 2021-11-11 08:35:57

The government now seeks to borrow US$701 million from China to bankroll two priority projects, after a pause of nearly two years in Beijing's bountiful development-financing support for Bangladesh to...

Businesses hopeful of rebound: SANEM survey

Businesses hopeful of rebound: SANEM survey

FE REPORT 2021-11-11 08:20:17

The depleting coronavirus incidence in Bangladesh makes the majority of businesses hopeful about a moderate-to-strong economic recovery during the concluding quarter of 2021, according to a survey. A...

Bangladesh Taka slides amid high demand for US dollar

Bangladesh Taka slides amid high demand for US dollar

SIDDIQUE ISLAM 2021-11-11 08:14:45

Bangladesh Taka (BDT) has depreciated by Tk 1.0 against the US dollar (USD) in nearly three months despite selling of the greenback by the central bank to the banks for keeping the market stable. The...

Old clients get most of stimulus loans: BIBM survey

Old clients get most of stimulus loans: BIBM survey

FE REPORT 2021-11-10 08:28:03

The findings of a latest survey on the stimulus package show that the country's commercial banks preferred to provide loans to their existing customers from the package, announced in April 2020, inste...

ILO predicts 5.0m job losses in Bangladesh due to pandemic

ILO predicts 5.0m job losses in Bangladesh due to pandemic

MONIRA MUNNI 2021-11-09 08:46:05

The International Labour Organisation (ILO) has projected 7.4 per cent less working hours or the loss of 5.0-million full-time jobs for Bangladesh in 2021 than the 2019 pre-crisis baseline. The Covid...

Bangladesh's trade deficit widens over threefold

Bangladesh's trade deficit widens over threefold

SIDDIQUE ISLAM 2021-11-09 08:42:22

Bangladesh's trade deficit widened over threefold in the first quarter (Q1) of the current fiscal year for higher import-payment pressure, officials said, casting its cascading impacts on the economy....

Korean Kido group to invest $31.17m in Adamjee EPZ

Korean Kido group to invest $31.17m in Adamjee EPZ

-- 2021-11-08 17:48:58

South Korean company Kido Dhaka Limited will invest USD 31.17 million to establish a garment and manufacturing industry at Adamjee Export Processing Zone (EPZ). Bangladesh Export Processing Zone Auth...

Bad loans are bane for banking sector

Bad loans are bane for banking sector

-- 2021-11-08 17:19:02

In any country, a safe and sound banking system is the sine qua non of a strong economy. By channelising funds from savers to borrowers, banks help keep the wheels of the economy moving, in the way b...

Lack of docs, database make difficult for woman entrepreneurs to access finance

Lack of docs, database make difficult for woman entrepreneurs to access finance

FE REPORT 2021-11-08 10:39:01

Women-led enterprises in the country have long been facing difficulty in accessing finance of formal channels -- mainly for lack of information, improper documentation, complexity in availing trade...

RMG exports to US grow 26.37pc in Jan-Sept period

RMG exports to US grow 26.37pc in Jan-Sept period

MONIRA MUNNI 2021-11-07 08:50:52

The country's apparel exports to the United States, in terms of both volume and value, continued to rise and maintained a double digit growth during the first nine months of this calendar year. Ban...

$5.0b IFC investment portfolio likely for Bangladesh

$5.0b IFC investment portfolio likely for Bangladesh

FHM HUMAYAN KABIR 2021-11-07 08:47:39

The International Finance Corporation (IFC) plans to fortify its footprint in Bangladesh through extending its investment portfolio to nearly $5.0 billion in the next five years. “We want to ex...

Indonesia’s GDP growth slows down to 3.51pc in Q3

Indonesia’s GDP growth slows down to 3.51pc in Q3

-- 2021-11-05 18:12:46

Indonesia's economic growth in the third quarter of this year slowed down to 3.51 per cent year-on-year (yoy), as the country tightened its public mobility restrictions, locally known as PPKM, amid th...

Bangladesh's forex reserves strained due to dollar-price appreciation, costlier imports

Bangladesh's forex reserves strained due to dollar-price appreciation, costlier imports

SIDDIQUE ISLAM 2021-11-05 08:58:52

Bangladesh's foreign-exchange reserves are under pressure from different dimensions, principally for unabated dollar-price appreciation and costlier imports, sources say. Officials attribute the imba...

US jobless claims drop to 269,000

US jobless claims drop to 269,000

-- 2021-11-04 21:26:05

The number of Americans applying for unemployment benefits fell to a fresh pandemic low last week, another sign the job market is healing after last year’s coronavirus recession. Jobless clai...

Per capita income in Bangladesh crosses $2,500

Per capita income in Bangladesh crosses $2,500

-- 2021-11-04 15:22:09

Bangladesh’s per capita income rose by $327 in fiscal 2020-21 to $2,554, according to data from the statistical agency. In terms of the Bangladesh currency, the per capita income is now Tk 219,...

Deposit interest rates rise as spread squeezes

Deposit interest rates rise as spread squeezes

SIDDIQUE ISLAM 2021-11-04 09:17:29

Depositors are to gain as the interest-rate spread narrowed slightly as banks increased deposit rates after nearly two years by keeping lending rates unchanged, bankers say. Adjustments are taking pl...

Nine win at ICT Skills Competition-2021

Nine win at ICT Skills Competition-2021

FE ONLINE DESK 2021-11-03 19:03:50

After ten months of fierce battles and different rounds, the names of the winners of ‘Bangladesh ICT Skills Competition 2021’, were announced through a gala event held online on Tuesday....