Search results for: Economy

China to implement policies to boost private investment

FE ONLINE DESK 2022-11-07 10:03:28

China's state planner on Monday issued a notice saying it would further improve the policy environment to encourage the development of private investment, the latest move to prop up the falterin...

IMF team enquires about power tariff of RNPP

M AZIZUR RAHMAN 2022-11-07 08:07:02

The visiting delegation from the International Monetary Fund (IMF) enquired with the country's energy regulator on Sunday about the tariff rate of power to be produced from the Rooppur Nuclear Power...

Dollar price raised again for export proceeds

-- 2022-11-06 23:19:34

The foreign exchange dealers and banks have raised the exchange rate of the US dollar for export proceeds by Tk 0.5 to Tk 100. Afzal Karim, managing director of Sonali Bank and chairman of Bangladesh...

Sri Lanka's tourism earnings surpass $1b in first 10 months 

-- 2022-11-05 17:38:31

Sri Lanka's tourism earnings in the first 10 months this year surpassed 1.0 billion U.S. dollars, according to the latest data from the country's central bank.  The data showed that the monthly...

Mismatch deemed linked with forex flight

FHM HUMAYAN KABIR 2022-11-05 08:47:02

The correlation between manpower export and remittance inflow shows a mismatch in recent months, arousing apprehension about misdirection of foreign currencies earned by the expatriates. The correlat...

Farming may up by 7.0pc on weather forecast

MIR MOSTAFIZUR RAHAMAN 2022-11-04 09:28:55

Bangladesh can increase its crop production by at least 7.0 per cent through using weather forecast, experts made this point while talking to The Financial Express. They also noted that farmers can r...

IMF team for fresh hike in fuel oil prices, cutting energy subsidies

FE REPORT 2022-11-04 08:50:06

The visiting team of the International Monetary Fund (IMF) on Thursday suggested the authorities concerned adjust the prices of fuel oils and reduce energy subsidies to cut government spending on this...

BoP deficit widens, forex reserves fall further

JASIM UDDIN HAROON and JUBAIR HASAN 2022-11-04 08:47:37

Bangladesh's balance-of-payments (BoP) deficit widened to nearly US$3.45 billion in the July-September quarter of the current fiscal year, casting further strain on the country's falling foreign-curre...

‘US firms keen to explore renewable energy in Bangladesh’ 

-- 2022-11-03 18:46:57

United States (US) Ambassador Peter Hass has said the American companies are very interested to explore clean and renewable energy opportunities in Bangladesh while Washington DC has been providing su...

Bangladesh, Vietnam eye $2.0b trade in 2023

-- 2022-11-03 18:31:46

Vietnamese Ambassador to Bangladesh Pham Viet Chien has expressed optimism that the bilateral trade between the two countries will reach $2.0 billion mark in 2023 when the two countries will celebrate...

Govt's purchase committee approves 17 proposals

-- 2022-11-03 17:45:57

The government has approved separate proposals for procuring fertiliser, 5.50 million litres of soybean oil and 8,000 tonnes of lentil to meet the growing demand of the country.  The approvals c...

Bangladesh, Singapore to start talks to ink FTA this year

REZAUL KARIM 2022-11-03 15:17:04

Bangladesh and Singapore are expected to start negotiations soon to ink a free trade agreement (FTA) within this year, aiming to boost investment and trade between the countries. As part of the move,...

China's gas consumption may post first fall in 20 years

-- 2022-11-03 13:14:57

China's 2022 natural gas consumption may post the first decline in two decades amid a struggling economy, with demand this winter set to rise more modestly than in previous years, state energy officia...

Fed delivers big rate hike, signals possible smaller increases ahead

FE ONLINE DESK 2022-11-03 10:39:26

The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst outbreak of inflation in 40 years, but signalled future increas...

Merchandise export earnings declined by 7.85pc in October

FE ONLINE REPORT 2022-11-02 16:53:06

The country's single-month merchandise export earnings in October this year declined by 7.85 per cent to US$ 4.35 billion year-on-year mainly because of the economic slowdown in the European Union cau...

Repair, preventive steps cost rural households US$2.0 billion a year

FE REPORT 2022-11-02 08:55:55

Households in rural Bangladesh spend almost US$2.0 billion yearly on repairing climate-related damage and preventive measures- twice as much as the national government spends and 12 times higher than...

Remittance recedes further as reserves also deplete

JUBAIR HASAN 2022-11-02 08:41:08

Inward remittance continues declining as Bangladesh saw the lowest receipt of foreign currencies from expatriates in eight months to October-in tandem with export fall-even though manpower export has...

IMF suggests BBS to release GDP data quarterly

FE REPORT 2022-11-02 08:38:24

The International Monetary Fund (IMF) on Tuesday suggested Bangladesh Bureau of Statistics (BBS) release quarterly data on gross domestic product (GDP) instead of existing annual reporting practice, o...

Bangladesh BSCIC Bill placed in parliament 

-- 2022-11-01 21:06:55

Bangladesh Small and Cottage Industries Corporation (BSCIC) Bill, 2022 was placed today in parliament to make industrial entities of the organisation more effective.  Industries Minister Nu...

Remittances drop for third month

-- 2022-11-01 20:40:57

Bangladesh's inward remittances have declined for the third month, failing to ease pressure on the dwindling foreign currency reserves. Remittances sent home by Bangladeshis abroad fell 7.3 per cent...

NBR announces November as tax service month

-- 2022-11-01 18:51:19

The National Board of Revenue (NBR) has announced November as the tax service month in a bid to facilitate the submission of tax returns for the year 2022-23. Each of the income tax zones will provid...

UAE, US to spur $100b in clean energy projects

-- 2022-11-01 18:18:19

The United Arab Emirates and the United States have signed a partnership to spur $100 billion of investments in clean energy projects and add 100 gigawatts of clean energy globally by 2035, state news...

Bangladesh raises rate for dollars sent by doctors, engineers to Tk 107

FE ONLINE DESK 2022-11-01 12:48:54

The rate for dollars sent by doctors, engineers, lawyers, bankers, nurses and other expatriates holding so-called white-collar jobs has been raised to Tk 107, bdnews24.com reports. They were ge...

Q4 may see stunted jobs growth: ILO

FE REPORT 2022-11-01 08:51:59

Global employment growth might deteriorate significantly in the final quarter of 2022 amid conflicts and crises like hyperinflation, tightening monetary policy, increasing debt and declining consumer...

ADB to provide $420 million reconstruction support

FHM HUMAYAN KABIR 2022-11-01 08:45:53

The Asian Development Bank (ADB) is expected to provide a concessional loan of US$420 million in response to a call for its emergency support to rehabilitate mainly the rural infrastructure devastated...

‘Recent high growth increases unemployment rate’

FE ONLINE REPORT 2022-10-31 20:18:22

Bangladesh’s high growth in recent years failed to create the desired level of employment, causing high unemployment rate, economists said. In this connection, they emphasised ensuring employme...

COP27 climate summit to test resolve of world battling war, inflation

-- 2022-10-31 19:40:43

An international climate summit starting next week in Egypt will test the resolve of nations to combat global warming, even as many of the biggest players are distracted by urgent crises ranging from...

Suspicious transactions increased by 62.32pc in FY22, says BFIU

-- 2022-10-31 17:16:32

The suspicious transaction reports (STR) and suspicious activity reports (SAR) have increased by 62.32 per cent in the fiscal year 2021-22, compared to that of the previous fiscal year. According to...

Bangladesh could lose a third of agricultural GDP due to climate effects by 2050: WB

FE ONLINE REPORT 2022-10-31 14:28:11

One-third of agricultural GDP could be lost in Bangladesh due to climate variability and extreme events by 2050, the World Bank has said in a report.  Average tropical cyclones cost Bangladesh a...

Loan talks: IMF suggests NPL cut, financial reforms

FE REPORT 2022-10-31 08:33:45

An International Monetary Fund (IMF) delegation now in lending talks with Bangladesh government suggests downsizing non-performing loans (NPLs) and ensuring good governance in financial sector, offici...