Search results for: Economy

Chattogram EPZ to get $31.75m more investment

-- 2022-10-25 18:35:02

Bangladeshi company Ms Pacific Attires Limited is going to set up a high-end garments manufacturing industry in Chattogram Export Processing Zone (CEPZ). This company will invest US$31.75 million whe...

Wall Street bankers in Riyadh renew warnings over world economy

-- 2022-10-25 18:28:01

Top Wall Street bankers renewed their warnings about the world economy on Tuesday amid geopolitical tensions and steep interest rate hikes to tackle decades-high inflation. Goldman Sachs boss David S...

World is in its first truly global energy crisis, IEA chief says

-- 2022-10-25 15:20:10

Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of "the first truly global energy crisis", the head of the Internat...

Japan’s efforts fail to prop up yen against persistent dollar strength

-- 2022-10-24 17:06:03

Japanese policymakers on Monday continued efforts to tame sharp yen falls, including through two straight market days of suspected intervention, but ultimately failed to prop up the currency against p...

Indonesia exports could hit record $280b this year

-- 2022-10-24 13:50:03

Indonesia's exports could hit a record $280 billion this year, with nickel-based steel shipments rising sharply after the country banned nickel ore exports, while shipments of other commodities got a...

BB to issue Tk 500 notes signed by new governor

FE REPORT 2022-10-24 09:39:46

Bangladesh Bank will issue new Tk 500 banknotes signed by its Governor, Abdur Rouf Talukder, today (Monday). The new notes will be available at the Bangladesh Bank head office today while at th...

NBR's Q1 revenue collection grows 16pc

DOULOT AKTER MALA 2022-10-24 09:14:17

The country's internal tax revenue collection grew by nearly 16 per cent (year-on-year) in the first quarter (Q1) of the current fiscal year despite posting a shortfall of Tk 40.74 billion against...

Poor nations face peril over elusive G-20 debt relief push

FE ONLINE DESK 2022-10-23 11:45:29

A failure to secure meaningful progress on a debt relief for the world's poorest nations at the International Monetary Fund and World Bank annual meeting in Washington has left policymakers,...

50 industrial units, projects, facilities in EZs to be inaugurated on Oct 26

-- 2022-10-21 22:48:20

As many as 50 industrial units, projects and facilities will be inaugurated in economic zones (EZs) across the country on October 26 marking 50 years of independence. Bangladesh Economic Zones Author...

Sending staff to Bangladesh for talks on new lending programmes, says IMF

-- 2022-10-21 21:17:47

The International Monetary Fund on Friday said it was sending a staff mission to Bangladesh from Oct 26 to Nov 9 for initial discussions on economic and financial reforms, with an eye to a future lend...

Bangladesh forex reserves sink below $36 billion despite spending restrictions

FE ONLINE DESK 2022-10-21 11:12:07

Bangladesh’s foreign currency reserves have dropped below $36 billion, 28 months after crossing the mark, despite the government’s austerity measures to save dollars, bdnews24.com re...

Bangladesh plans to scrap tax fair for third consecutive year

-- 2022-10-19 19:58:43

People will have to look up the addresses of their respective tax offices once again to submit their returns as the National Board of Revenue decided not to organise the annual tax fair for the third...

BPC plans to import 5.46m tonnes of fuel in 2023

-- 2022-10-19 17:27:46

Bangladesh Petroleum Corporation (BPC) is planning to purchase 5.46 million tonnes of fuel from the international market to meet the country's needs in 2023. The proposal for next year's fuel impor...

India government must set moderate divestment targets: Official

FE ONLINE DESK 2022-10-19 10:47:56

The Indian government should focus on privatisation of state-run companies instead of chasing high divestment targets, a top finance ministry official said on Tuesday, pointing to market volat...

Pakistan seeks billions of dollars in new loans after floods

FE ONLINE DESK 2022-10-19 10:45:33

Pakistan will ask international lenders for billions of dollars in loans after devastating floods exacerbated the South Asian nation's economic crisis, the Financial Times reported on Wednesday,...

IMF team arrives on October 26 to discuss $4.5b loan

-- 2022-10-18 20:53:14

The Ministry of Finance on Tuesday said a team from the International Monetary Fund (IMF) will arrive in Bangladesh on October 26 to discuss the terms of a $4.5 billion loan to Bangladesh. The IMF te...

BB chief discusses $5.5bn loans with IMF, World Bank to build a buffer

FE ONLINE DESK 2022-10-18 10:37:04

Bangladesh Bank Governor Abdur Rouf Talukder had quite a busy schedule over the weekend as he sat with top officials of both the International Monetary Fund, or the IMF, and World Bank, or the...

Revenue collection drops by 13pc in Q1

-- 2022-10-17 19:27:17

Revenue collection fell by 13 per cent in the first quarter - July to September - after growth in the first two months of the current fiscal year 2022-23, NBR's latest data reveals. According to the...

IMF team due this week to discuss $4.5b loan request

-- 2022-10-16 18:46:40

A delegation from International Monetary Fund (IMF) will arrive in Dhaka this week to start negotiations on Bangladesh’s request for a US $4.5 billion loan as budgetary support, official sources...

Biden knocks Truss economic plan, says not concerned about dollar strength

-- 2022-10-16 13:58:09

US President Joe Biden on Saturday criticized British Prime Minister Liz Truss's original economic plan as a mistake and said he was not concerned about the strength of the soaring US dollar, Re...

World Bank says Ukraine has tenfold increase in poverty due to war

-- 2022-10-16 12:17:47

Russia's attacks on civilian infrastructure in Ukrainian cities away from the front lines will complicate the dire economic situation facing the country, which has already seen a tenfold increas...

Negotiations on $4.5 billion IMF loan open soon

FE REPORT 2022-10-16 08:26:03

Negations on a US$4.5-billion budget-support credit Bangladesh seeks from the International Monetary Fund open soon as an IMF mission arrives here this week for a firsthand view of the country's credi...

Economic effect of real effective exchange rate

JASIM UDDIN HAROON 2022-10-16 08:22:23

Bangladesh derives some gains from a downturn in the country's real effective exchange rate (REER) recently due to record inflation in its top trading partners that also erodes their currencies' value...

Japanese yen falls to 147.66 against US dollar, lowest in 32 years

-- 2022-10-15 19:11:44

The Japanese yen touched a 32-year low against the US dollar after official figures showed that prices had risen faster than expected in America. The yen fell to 147.66 against the US dollar before r...

IMF urges most Asian central banks to tighten policy further

-- 2022-10-15 18:45:22

Most Asian central banks must tighten monetary policy further as rising commodity prices and their currencies' depreciation, driven by steady US interest rate hikes, push inflation above their targets...

Pakistan seeks rescheduling of $27 billion in bilateral debt

-- 2022-10-15 18:28:05

Pakistan's new finance minister, Ishaq Dar, has said he will seek rescheduling of some $27 billion worth of non-Paris Club debt largely owed to China, but will not pursue haircuts as part of any restr...

Singapore announces S$1.5 billion support package for all Singaporean households

-- 2022-10-15 17:09:57

Singapore's Finance Ministry on Friday announced a S$1.5 billion ($1.05 billion) support package for all Singaporean households amid concerns over the rising costs of living in the city-state. The pa...

New UK finance minister warns some taxes will rise in sign of new U-turn

-- 2022-10-15 14:50:04

Britain's new finance minister Jeremy Hunt said on Saturday that some taxes will have to go up, signalling another abrupt policy U-turn by Prime Minister Liz Truss who is battling to save her le...

UK corporation tax to rise to 25pc on PM Truss's U-turn

-- 2022-10-14 21:16:25

Britain's corporation tax will rise to 25 per cent, said Prime Minister Liz Truss after she sacked finance minister Kwasi Kwarteng and U-turned on a programme of tax cuts on Friday. In a Sept. 23 "mi...

Sri Lanka to pay back $200m loan by March, says BB chief

FE ONLINE DESK 2022-10-14 15:22:00

Bangladesh is hopeful that Sri Lanka will repay the debt of $200 million that it owes to the country by March 2023. Abdur Rouf Talukder, governor of Bangladesh Bank, provided a positive outlo...