Search results for: Economy

CSE proposes Tk 10.50b stimulus package

FE Online Report 2020-04-20 20:46:50

The Chittagong Stock Exchange (CSE) has proposed a Tk 10.50 billion package for its small investors and brokers to survive from huge business losses due to the ongoing crisis of pandemic Covid-19. Th...

Kamal seeks $1.0b budget support from ADB in FY21

-- 2020-04-20 19:29:45

Finance Minister AHM Mustafa Kamal has sought $1.0 billion budget support in the next fiscal year (FY21) in addition to $500 million budget support in current fiscal to overcome the shock of novel cor...

Tk 30b refinancing fund for low-income groups

-- 2020-04-20 18:54:50

The Bangladesh Bank has announced a Tk 30 billion refinancing fund for low-income professionals, farmers and small-business owners affected by the coronavirus shutdown. The interest rate on the loans...

Govt plans to reopen some export-oriented industries

-- 2020-04-20 17:17:41

Prime Minister Sheikh Hasina said the government has a plan to allow the reopening of some export-oriented industries on a limited scale if the guidelines on health and safety are properly maintained...

'Fixing banking sector key to blunting coronavirus shock'

A.Z.M. ANAS 2020-04-20 08:58:12

Underlining the importance of overhauling the banking sector, the International Monetary Fund, or IMF, has said only a sound financial system can speed up an economic rebound as Bangladesh battles...

$100m sought from WB for poultry, dairy sectors: Minister

-- 2020-04-19 21:14:56

Fisheries and Livestock Minister SM Rezaul Karim on Sunday said he sent a proposal to the World Bank (WB) seeking about $100 million under its Livestock and Dairy Development Project (LDDP) as an emer...

Emphasis on reviving local economy to boost supply of essentials  

-- 2020-04-19 20:40:24

Civil society leaders at a virtual press conference on Sunday demanded that the local economy be revived even as health and safety measures are maintained, to boost production and sustain the supply c...

Modhumoti Bank distributes foods among poor families

FE Online Desk 2020-04-19 16:02:46

Modhumoti Bank Limited has come forward to serve the humanitarian cause in the situation of coronavirus epidemic. Under the CSR program, Modhumoti Bank Limited has been providing food items to helples...

Brazil's economy could recover in fourth quarter, says central bank president

REUTERS 2020-04-19 15:58:41

Brazil’s central bank president Roberto Campos Neto said on Saturday that Latin America’s largest economy will begin to recover from the coronavirus crisis in the fourth quarter, according...

Govt requests World Bank for early release of US$250m budget aid

FHM HumayanKabir 2020-04-19 08:51:00

The government has requested the World Bank, or WB, to disburse US$250 million as budgetary support within this fiscal from the $750 million the global lender had pledged to offer as development suppo...

India toughens rules on investments from neighbours

-- 2020-04-18 20:54:13

India has stepped up scrutiny of investments from companies based in neighbouring countries, in what is widely seen as a move to stave off takeovers by Chinese firms during the coronavirus outbreak, r...

Export earnings fall 18.29pc in March

FE Online Report 2020-04-18 15:17:38

The country’s single month merchandise shipments in March’20 witnessed 18.29 per cent negative growth to $2.73 billion US dollar, the lowest during the current fiscal year, according to da...

WB to launch COVID-19 emergency programmes in over 100 countries

-- 2020-04-18 12:12:02

The World Bank Group (WBG) is expected to launch health emergency programs in over 100 countries by the end of April to support the fight against COVID-19, with 64 already in operation, President Da...

Govt asks importers to expedite import of essential items

RezaulKarim 2020-04-18 08:54:22

The government has stepped up measurers for enhancing imports of key essential commodities to keep their supply and prices stable in the market during Ramadan which will start in late April, officia...

Poorer countries face big risks in easing restrictions

AP 2020-04-17 19:47:27

Many developing countries want to follow in the footsteps of some wealthier Western countries to ease coronavirus restrictions, but they cannot afford any missteps. They lack the key tools — a...

Chinese economy sees worst downturn in seven decades

AP 2020-04-17 19:29:37

China’s economy suffered its biggest contraction since possibly the mid-1960s after it told millions of people to stay indoors as measure to fight the coronavirus pandemic. The world's second-l...

Move to save fisheries sector from pandemic fallout

TALHA BIN HABIB 2020-04-17 17:13:12

The government has taken measures to save the country’s fisheries sector from the possible financial damages caused by the coronavirus pandemic, an official said. Under the move, the Ministry o...

Italy sees 2020 budget deficit near 10pc of GDP

-- 2020-04-17 15:55:33

Italy’s budget deficit will be near 10 per cent of gross domestic product (GDP) this year, a senior government official told Reuters, as Rome increases borrowing to try to soften the impact of t...

US small business may need $500b monthly to survive: Fed

-- 2020-04-17 12:52:32

US small businesses may need up to $500 billion a month to ensure their survival through the coronavirus crisis, the head of the Atlanta Federal Reserve Bank said on Thursday as Fed officials voice...

China posts first GDP decline on record as coronavirus cripples economy

REUTERS 2020-04-17 10:35:07

China’s economy shrank for the first time since at least 1992 in the first quarter, as the coronavirus outbreak paralysed production and spending, raising pressure on authorities to do more to s...

87pc RMG workers received wages: BGMEA

FE Online Report 2020-04-16 16:29:39

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Thursday claimed that about 87 per cent of its listed factory workers received March wages, the deadline for the same set by appar...

Pandemic to bring Asia’s 2020 growth to halt for 1st time in 60 years: IMF

Reuters 2020-04-16 08:59:06

Asia’s economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an “unprecedented” toll on the region’s service sector and...

BB asks banks to waive interest on credit card bills due after Mar 15

-- 2020-04-15 21:37:08

After late fee waiver, Bangladesh Bank has ordered all banks not to charge interest on credit card bills payable from Mar 15 to May 31 as the COVID-19 crisis drags on with a surge in number of cases....

Returnee migrants to get govt loans

-- 2020-04-15 18:08:50

The government on Tuesday said it will arrange loans for returnee migrant workers to enable them to pursue viable income activities, particularly in the agriculture sector. The loans, to be arranged...

China's banks remain robust amid pandemic

Zhao Xijun 2020-04-15 17:56:08

China's banking system has remained robust after two years of reform and risk reduction efforts and can handle bad debt increases brought about by the coronavirus (COVID-19) pandemic. It is unreasonab...

COVID-19 to push China's Q1 GDP into record low

-- 2020-04-15 15:03:58

The coronavirus health crisis likely knocked China’s economy into its first decline since at least 1992 in the first quarter, raising the heat on authorities to do more to restore growth as moun...

IMF lowers Bangladesh's FY20 growth estimate to 2pc

-- 2020-04-15 14:15:56

The International Monetary Fund (IMF) has predicted that Bangladesh’s GDP growth would come down to 2 per cent in the current fiscal year (FY2019-2020) due to the global coronavirus pandemic. I...

India permits resumption of some industries

Reuters 2020-04-15 12:31:33

India will allow opening up of some industries in rural areas after April 20 to reduce the distress caused to millions of people because of a prolonged lockdown to halt the spread of coronavirus, the...

Comprehensive steps necessary for smooth container handling at Ctg Port

-- 2020-04-14 20:02:44

Terming Chattogram Port as economic lifeline of the country, speakers at a meeting have underscored the need for comprehensive measures to ensure smooth delivery of containers in the port to protect t...

Global economy heads toward "darkest hour," yet optimism glitters amid COVID-19 battle

Xinhua 2020-04-14 19:48:36

The COVID-19 pandemic has wreaked havoc on the world economy and cast a staggering gloom over growth prospects far and wide, incurring a short-term collapse in global output and widening tolls on vari...