Search results for: Economy

Poor assistance, policy support mount climate vulnerabilities

SAJIBUR RAHMAN, BACK FROM SATKHIRA 2023-02-26 08:27:21

A good number of climate victims are currently suffering from economic and health vulnerabilities as they received little financial assistance and inadequate policy support from the government to face...

Foreign aid flow into BD falling headlong

FHM HUMAYAN KABIR 2023-02-26 08:16:30

Foreign-aid flow into Bangladesh is ebbing down drastically in recent months as the country received 62-percent less assistance confirmation in July-January period, officials said Saturday and aired d...

Argentina in talks with IMF to ease reserves targets

-- 2023-02-25 18:53:27

Argentina's government is in final talks with International Monetary Fund officials to ease foreign exchange reserves targets for 2023 under the country's $44 billion programme, two sources close to t...

World Bank promises 'concessionality' in debt restructuring

FE ONLINE DESK 2023-02-25 14:28:14

The World Bank will "provide as much concessionality to the debt treatment" for distressed economies as possible, its president told a meeting with the International Monetary Fund, India, China, and o...

Pakistan will unwillingly accept strict conditions of IMF deal: PM Sharif

FE ONLINE DESK 2023-02-25 10:11:54

Pakistan has to unwillingly accept the strict conditions of a deal with the International Monetary Fund (IMF) to provide a lifeline for an economy in turmoil, Prime Minister Shehbaz Sharif said on...

Current BD budget deficit widens

JASIM UDDIN HAROON 2023-02-25 08:38:48

Bangladesh sees widening budget deficit, amounting to Tk 71.53 billion during the July-November period in an over 62-percent increase year on year, amid lower revenue collection, official statistics s...

ISA to support Bangladesh in solar energy

-- 2023-02-24 21:05:54

The International Solar Alliance (ISA) will provide technical support to Bangladesh to pull in financing for the renewable energy sector. "We'll help Bangladesh find a right policy to introduce a rig...

Ukraine war’s impact on global trade not as bad as expected: WTO

-- 2023-02-24 18:19:50

Global trade grew more than expected last year despite the upheaval caused by the Russia-Ukraine war, as badly-affected countries managed to switch suppliers or products, the World Trade Organization...

Canada wants to assist BD in developing food storage

-- 2023-02-24 17:42:02

Canada is keen to collaborate with Bangladesh in the agriculture sector particularly in the development of food storage and small-scale farmers. Canadian Minister of International Development Harji...

Ukraine imposes 50-year sanctions on Russian financial sector

FE ONLINE DESK 2023-02-24 14:26:59

Ukraine's parliament imposed sweeping 50-year sanctions on Thursday on Russian financial institutions including the central bank, all commercial banks, investment funds, insurers and other enterprises...

BD has resilience to geo-economic shocks: DCCI

FE REPORT 2023-02-24 08:41:21

The Dhaka Chamber of Commerce and Industry (DCCI) said on Thursday that Bangladesh economy is resilient enough to overcome the current geo-economic challenges. It made the observation at a seminar st...

Credit package for Bangladesh to cure financial faults

SYFUL ISLAM 2023-02-24 08:24:16

Bangladesh's economic health will improve if the ongoing IMF loan programme is implemented properly, says an executive of the Fund that disapproves of blanket subsidies. Krishna Srinivasan, director...

US nominates former MasterCard chief Banga to head World Bank

-- 2023-02-23 23:02:20

US President Joe Biden on Thursday nominated Indian-American business executive Ajay Banga to become president of the World Bank, lauding his experience forging public-private partnerships to address...

Sri Lankan officials asked to travel in economy class

-- 2023-02-23 20:54:14

Sri Lankan officials have been required to purchase economy class air tickets for official travel abroad to ensure that government resources are utilised efficiently, the President's Media Unit (PMD)...

Some more US companies show interest to invest in Bangladesh, says Peter Hass

-- 2023-02-23 20:34:56

US Ambassador to Bangladesh Peter Hass on Thursday said some more companies from the USA have expressed keen interest to invest in Bangladesh. Peter Hass said this when he called on Bangladesh’...

Expatriates can send higher remittance sans declaration

FE REPORT 2023-02-23 08:50:31

Bangladeshis working abroad can now send home higher remittance sans declaration as the central bank raised the limit, under current government drives for recharging the country's receding foreign-e...

British businesses keen to invest in Bangladesh

FE REPORT 2023-02-23 08:43:45

British businesses are interested to invest in the financial, aviation and education sectors of Bangladesh as the country offers an environment where good firms can do good business. British High Com...

Implementing IMF loan package: Prelude to pruning tax exemptions ensues

DOULOT AKTER MALA 2023-02-23 08:35:54

An analysis of loss of revenues incurred in the incentives provided to industries is to begin soon to help prune the waiver facility prudently. The International Monetary Fund (IMF) and the Asian D...

Ukraine war expected to cost Germany $171 billion by year-end

-- 2023-02-22 20:06:48

The Ukraine war will have cost the German economy around 160 billion euros ($171 billion), or some 4 per cent of its gross domestic output, in lost value creation by the end of the year, the head of t...

Spike in funding costs strains Bangladesh banks’ profitability: Moody’s

-- 2023-02-22 19:10:13

Spiking import costs, declines in remittance inflows, and high inflation have drained Bangladesh’s banking system of its liquidity, Moody’s Investors Service said in a report. The credit...

China expects sharp rebound in tourism this year

FE ONLINE DESK 2023-02-22 10:38:45

China expects its tourism market to flourish this year, starting with a busy and robust summer travel season as travellers flock to vacation destinations after the government ended its zero-Covid poli...

Electricity bill increase pushes crisis weary Sri Lankans to the brink

-- 2023-02-21 19:09:21

The latest electricity price rise in crisis-hit Sri Lanka has left stall owner Mohammed Lafeel in a quandary: the 66 per cent increase means he can't afford to pay for electricity but can't manage wit...

Russia says its economy contracted by 2.1pc in 2022

-- 2023-02-21 16:29:58

Russia's economy shrank last year by less than had been expected given its invasion of Ukraine, figures suggest. The economy contracted by 2.1 per cent, according to the country's statistics agency,...

G7 finance chiefs to meet on Feb 23 to discuss measures against Russia

FE ONLINE DESK 2023-02-21 10:32:47

Financial leaders of the Group of Seven (G7) will meet on February 23 to discuss measures against Russia that will put pressure on it to end the Ukraine war, Japan's Finance Minister Shunichi Suzuki s...

Agent banking changes rural socioeconomic landscape

JUBAIR HASAN 2023-02-21 08:21:43

Agent banking continues changing rural socioeconomic landscape with formal credit inflow, deposit netting and injection of inward remittance marking a remarkable increase in the heretofore backwoods...

Gas shortage exposes South Asian economies to more pain

-- 2023-02-20 17:34:13

With a little over a month to go for peak shopping season during Ramadan, the head of Pakistan's retail industry body is shuttling between meetings, pressing officials to relax orders that forced mall...

Remove hurdles to better investment climate

FE REPORT 2023-02-20 08:37:59

Business leaders have demanded removing the existing bottlenecks in the business environment related to customs and tax, in order to help boost both domestic and foreign investment in the country. Th...

Post office savings tools: No manual deposit in general A/Cs from July

FE Report 2023-02-20 08:27:22

Investors in the government's post office savings certificates will not be able to deposit in general accounts under the manual system from July 1, 2023. However, they will get the deposit yield of...

NPL falls as spl classification comes into play

JASIM UDDIN HAROON AND JUBAIR HASAN 2023-02-20 08:01:40

Non-performing loans (NPL) in Bangladesh's banking sector decreased by 1.20 percentage points to over Tk 1.20 trillion at the end of last December, following a special classification that economists s...

Laurels for remittance heroes

FE REPORT 2023-02-19 09:17:42

Bangladesh Consulate General in Dubai has given awards to 52 expatriates and 39 commercially important persons (CIPs) this year for contributing to the country's economy by sending remittance through...