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The Financial Express

Search results for: Economy

India plans quick review of Chinese investment proposals

India plans quick review of Chinese investment proposals

-- 2020-04-25 22:06:59

India plans to fast track the review of some investment proposals from neighbouring countries, including China, following concerns new screening rules could hit plans of companies and investors, three...

Export-oriented factories must be opened up slowly maintaining health protocol

Export-oriented factories must be opened up slowly maintaining health protocol

FE Online Desk 2020-04-25 21:06:46

Prime Minister Sheikh Hasina’s private sector adviser Salman F Rahman said Saturday to save the economy the country’s export-oriented factories must be opened up slowly by maintaining nece...

Philippine economy to suffer record contraction

Philippine economy to suffer record contraction

-- 2020-04-25 14:37:21

The coronavirus (COVID-19) outbreak will likely send the Philippine economy into its first annual contraction in more than two decades this year, before it pulls back up for a U-shaped recovery in 202...

SBC introduces crop insurance for haor

SBC introduces crop insurance for haor

JASIM UDDIN HAROON 2020-04-25 08:45:24

The state-owned Sadharan Bima Corporation (SBC) has launched, for the first time, flood index-based crop insurance for haor (wetland) areas. Under a pilot project, the SBC has launched the scheme at...

Coronavirus crisis: Efforts on to get external aid to bankroll higher budget deficit

Coronavirus crisis: Efforts on to get external aid to bankroll higher budget deficit

FHM Humayan Kabir 2020-04-25 08:38:59

The government is frantically looking for external aid to narrow its budget deficit both for the current and next fiscal years due to the adverse impact of coronavirus pandemic, officials say. The Wo...

GP, BRAC launch jt platform to support 0.1m families

GP, BRAC launch jt platform to support 0.1m families

FE Online Desk 2020-04-25 06:38:33

The ongoing social distancing drive and restriction on movement due to the COVID-19 pandemic is taking a toll on people who survive on daily wages and living in extreme poverty. Millions in Bangladesh...

Developing nations’ debt burden may soar to $3.4 trillion, says UNCTAD

Developing nations’ debt burden may soar to $3.4 trillion, says UNCTAD

FE ONLINE REPORT 2020-04-24 15:34:28

Developing countries’ repayments on their public external debt alone may soar to between US$2.6 trillion and $3.4 trillion in the current and next year respectively. The United Nations Conferen...

World Bank projects 22pc fall in remittances

World Bank projects 22pc fall in remittances

FE Report 2020-04-24 12:11:26

Bangladesh's inward remittances might fall by around 22 per cent in 2020 following the ongoing global crisis caused by the COVID-19 pandemic, according to the World Bank (WB). The volume of Banglades...

IMF approves $28.9m assistance to Maldives

IMF approves $28.9m assistance to Maldives

-- 2020-04-24 11:51:35

The International Monetary Fund (IMF) has approved a disbursement of 28.9 million US dollars to the Maldives as the number of COVID-19 cases in the country continued to rise, local media reported. Th...

Less important projects won't get budget money

Less important projects won't get budget money

FE RPORT 2020-04-24 09:01:29

The finance ministry has asked all ministries and divisions not to allocate funds for the less-important development projects as a portion will be diverted to the more important sectors amid consideri...

Marginalised people ‘at risk of famine’

Marginalised people ‘at risk of famine’

FE Report 2020-04-24 08:53:34

Marginalised people in hard-to-reach areas like char, haor, coastal and hilly areas are at risk of famine as they remain out of the relief activities and social awareness campaign during the COVID-19...

IFC holds dialogue on textile sector recovery in post-pandemic Bangladesh

IFC holds dialogue on textile sector recovery in post-pandemic Bangladesh

FE Online Desk 2020-04-23 22:06:36

  IFC, a member of the World Bank Group, brought together around 40 development partners, global apparel brands, industry representatives and financial intermediaries for a virtual dialogue to a...

SCB distributes food among jobless port workers in Sadarghat Terminal

SCB distributes food among jobless port workers in Sadarghat Terminal

FE Online Desk 2020-04-23 19:06:38

Shippers' Council of Bangladesh distributed 500 (five hundred) packets of food items in presence of State Minister for Shipping Khalid Mahmud Chowdhury, MP and BIWTA Chairman Comdr. Golam Sadek among...

India pushes lending, asks banks for daily reports

India pushes lending, asks banks for daily reports

-- 2020-04-23 18:56:29

India's government has redoubled efforts to push state-run banks to boost lending and it has demanded that lenders submit a daily report detailing the volume and scale of loans sanctioned, according t...

Countries struggle to save lives and livelihoods as COVID-19 rages on

Countries struggle to save lives and livelihoods as COVID-19 rages on

Xinhua 2020-04-23 16:47:07

As the confirmed COVID-19 cases worldwide continue to rise, major countries and regions are struggling with a predicament to save lives and livelihoods. Meanwhile, international cooperation is highli...

US states, public divided over reopening economy

US states, public divided over reopening economy

-- 2020-04-23 12:02:13

US President Donald Trump is at odds with a number of states run by Democratic governors, in a push-and-shove match over reopening the country’s economy. Trump and some Republican governors are...

Pandemic throws Asia’s services firms, factories into deeper decline

Pandemic throws Asia’s services firms, factories into deeper decline

-- 2020-04-23 09:44:53

The coronavirus pandemic battered Asian economies in April with social-distancing policies and business closures taking a particularly heavy toll on the region’s service sector firms, surveys sh...

Kamal rules out fresh rescue package

Kamal rules out fresh rescue package

FHM Humayan Kabir 2020-04-23 08:39:07

Finance minister AHM Mustafa Kamal has said the government has no plan to offer any fresh stimulus package for businesses as they have already got better policy and fiscal supports. "I think the in...

Govt, owners working jointly on how to reopen RMG factories

Govt, owners working jointly on how to reopen RMG factories

FE Online Report 2020-04-23 00:23:22

The government and readymade garment (RMG) factory owners have started working jointly on how to reopen the units phase by phase, sources said. Top government officials and the factory owners discuss...

Move to ensure marketing of milk, egg, poultry products

Move to ensure marketing of milk, egg, poultry products

-- 2020-04-22 17:23:25

Fisheries and Livestock Ministry has taken a move for marketing milk, egg, fish and poultry products produced by marginal farmers and entrepreneurs of the country. The ministry has issued a letter wi...

DCCI for engaging public banks for disbursing stimulus funds to MSMEs

DCCI for engaging public banks for disbursing stimulus funds to MSMEs

-- 2020-04-22 16:45:03

Dhaka Chamber of Commerce and Industry (DCCI) has proposed engaging state-owned commercial banks (SOBs) to disburse stimulus funds particularly for micro, small and medium enterprises (MSMEs). The DC...

NBR resumes Ctg port in full swing

NBR resumes Ctg port in full swing

FE Online Report 2020-04-22 14:44:52

The National Board of Revenue (NBR) has resumed full fledged customs operation in Chittagong port to ease congestion. The customs wing has issued an order on Wednesday in this connection. Earlier, t...

Italy sees end-2020 debt-to-GDP ratio at 155pc-159pc

Italy sees end-2020 debt-to-GDP ratio at 155pc-159pc

-- 2020-04-22 10:23:44

The Rome government sees Italy’s debt-to-GDP ratio surging to between 155 per cent and 159 per cent of national output this year, sources close to the matter told Reuters, as it increases borrow...

Bond yield drops as banks invest surplus liquidity

Bond yield drops as banks invest surplus liquidity

Siddique Islam 2020-04-22 08:52:24

The interest rate on Bangladesh Government Treasury Bonds (BGTBs) dropped on Tuesday as the commercial banks preferred investing their surplus liquidity created due to the coronavirus outbreak in the...

Yet another cut in tax revenue target likely

Yet another cut in tax revenue target likely

Doulot Akter Mala 2020-04-22 08:36:46

The government is considering revising further the tax collection target for the current fiscal year (FY2019-20) in view of the impact of coronavirus pandemic on the economy. The ministry of finance...

Huawei announces Q1 2020 business results

Huawei announces Q1 2020 business results

FE Online Desk 2020-04-21 22:56:32

Huawei on Tuesday announced its business results for the first quarter of 2020. In Q1 of this year, Huawei generated USD 25.7 billion in revenue, an increase of 1.4% year-on-year. The company's net...

BD economy loses Tk 33b every day during shutdown: Study

BD economy loses Tk 33b every day during shutdown: Study

-- 2020-04-21 18:37:03

The Bangladesh economy is losing Tk 33 billion every day from its service and agriculture sectors during the nationwide shutdown over the coronavirus outbreak, a new study says. Researchers from Dhak...

Govt rolls out Tk 1.0b in subsidy for farm machinery purchase

Govt rolls out Tk 1.0b in subsidy for farm machinery purchase

-- 2020-04-21 15:50:21

The government has allocated Tk 1 billion to provide subsidy to farmers for buying agricultural machinery in fiscal 2019-20 to reduce production costs and increase crop yield. The Ministry of Agricul...

India restarts factories, farming in rural areas even as coronavirus cases rise

India restarts factories, farming in rural areas even as coronavirus cases rise

REUTERS 2020-04-21 12:04:00

Some shops and businesses opened in rural India on Monday as part of a staggered exit from a weeks-long lockdown that has left millions out of work and short of food, while coronavirus infections rose...

BB policy supports give banks manoeuvrability

BB policy supports give banks manoeuvrability

SIDDIQUE ISLAM 2020-04-21 08:59:21

The central bank's policy support is helping banks manage their funds, despite higher withdrawal pressure on cash even as deposits shrink in the aftermath of coronavirus outbreak. People are now with...