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The Financial Express

Search results for: Economy

IMF eyes expanded access to emergency aid for food shocks

IMF eyes expanded access to emergency aid for food shocks

REUTERS 2022-09-12 13:18:22

The International Monetary Fund is looking for ways to provide emergency funding to countries facing war-induced food price shocks and will discuss measures at an executive board meeting on Monday...

Foreign currency dealers, banks cap dollar exchange rates

Foreign currency dealers, banks cap dollar exchange rates

-- 2022-09-11 18:48:32

Foreign currency dealers and banks have finally capped the dollar exchange rates following Bangladesh Bank’s instructions amid a lingering crisis centring the greenback. The ceiling will be Tk...

Rice acreage declines both in Aus and Aman season

Rice acreage declines both in Aus and Aman season

YASIR WARDAD 2022-09-11 18:30:28

Rice acreage in both Aus and Aman seasons, which comprise 45 per cent of the country's rice supplies combined, has shrunk notably this year, causing a great concern for food security. The astronomica...

Do sufficient homework to make trade policies suitable, economists suggest

Do sufficient homework to make trade policies suitable, economists suggest

FE Report 2022-09-11 08:50:04

Economists at a function on Saturday stressed the need for doing sufficient homework to make the country's trade policies and strategies suitable for regional cooperation agreements. Regional trade a...

‘Bangladesh yet to meet minimum requirements of fiscal transparency'

‘Bangladesh yet to meet minimum requirements of fiscal transparency'

FE ONLINE REPORT 2022-09-10 17:43:34

Bangladesh has made significant progress towards meeting international requirements of fiscal transparency for the first time, but it continues to fall short of the minimum standard, according to the...

Manpower export sees robust growth in eight months

Manpower export sees robust growth in eight months

Arafat Ara 2022-09-10 08:43:07

The country's overseas employments in the eight months of the current year witnessed a robust growth following demands of manpower from different job-destination countries. Bangladesh sent 783925 w...

Dhaka cautiously weighs export, revenue losses

Dhaka cautiously weighs export, revenue losses

REZAUL KARIM 2022-09-10 08:39:18

Experts have cautioned that Bangladesh's exports might shrink and industries suffer setbacks if the country joins a new free-trading bloc called RCEP, unless its privileged market access is secured....

Review of ADB-funded projects next week

Review of ADB-funded projects next week

FHM HUMAYAN KABIR 2022-09-10 08:35:51

The Asian Development Bank (ADB) will review the projects it is bankrolling in Bangladesh next week as some of them are 'slow-moving' and 'problematic', insiders said on Friday. The Manila-based lend...

World Bank delivers record $31.7b aid in climate finance

World Bank delivers record $31.7b aid in climate finance

FE ONLINE REPORT  2022-09-09 17:31:05

The World Bank Group delivered a record $31.7 billion in the fiscal year 2022 (FY22) to help countries address climate change.  This is a 19 per cent increase from the $26.6 billion all-time hig...

Tk 6.66b tax at source collected through e-TDS method in 10 months 

Tk 6.66b tax at source collected through e-TDS method in 10 months 

-- 2022-09-08 19:42:59

Some Tk 6.66 billion were collected from the electronic tax deducted at source (e-TDS) method over the last 10 months till August this year.  The National Board of Revenue (NBR) launched this au...

Default bank loans surge to record 1.25 trillion in Bangladesh 

Default bank loans surge to record 1.25 trillion in Bangladesh 

-- 2022-09-08 19:27:17

The amount of defaulted bank loans in the country increased by about 9.0 per cent to a record Tk 1.25 trillion amid the adverse impact of the Covid-19 pandemic until June this year.  According...

UK to invest 54.5m pounds for children in Bangladesh  

UK to invest 54.5m pounds for children in Bangladesh  

-- 2022-09-08 19:09:39

British Deputy High Commissioner Javed Patel has said ensuring 12 years of quality education for all children is at the centre of the UK’s drive to tackle poverty, promote gender equality, boost...

Ample world rice supplies to cushion impact of Pakistan, China crop losses

Ample world rice supplies to cushion impact of Pakistan, China crop losses

-- 2022-09-07 20:54:50

Abundant rice supplies in key exporters may largely offset an expected drop in output after floods in Pakistan and severe heatwave in China damaged crops, capping any gains in prices from steady Asian...

Bank accounts with above Tk 10m rise amid economic crisis

Bank accounts with above Tk 10m rise amid economic crisis

-- 2022-09-07 18:49:56

The number of account holders with deposits of Tk 10 million and above, has gone up to 1,08,457 as of June in Bangladeshi banks, amid the economic crisis.  Bangladesh Bank’s updated data r...

ADB launches programme to scale up investments in air quality improvement 

ADB launches programme to scale up investments in air quality improvement 

-- 2022-09-07 17:06:30

The Asian Development Bank (ADB) on Wednesday launched the Asia Clean Blue Skies Program (ACBSP) to scale up ADB's investments in improving air quality in Asia and the Pacific.  Launched at the...

Go beyond trade and invest in Bangladesh for bigger gains, Hasina urges Indian businesses

Go beyond trade and invest in Bangladesh for bigger gains, Hasina urges Indian businesses

UNB 2022-09-07 14:54:19

Prime Minister Sheikh Hasina on Wednesday said Bangladesh-India cooperation should go beyond trade to derive larger gains. “It should include investment, finance, services, technology transfer,...

Indian red-tapism delaying LoC projects: Mannan

Indian red-tapism delaying LoC projects: Mannan

FHM HUMAYAN KABIR 2022-09-07 09:13:48

Planning Minister M A Mannan on Tuesday said Indian bureaucratic tangles slowed down (implementation of) the Bangladeshi projects taken under the Delhi-supported Line of Credit (LoC). "The LoC is a b...

BB extends retention period for repatriating export income to 30 days

BB extends retention period for repatriating export income to 30 days

-- 2022-09-06 19:37:18

Bangladesh Bank (BB) has extended the retention period for repatriating export income in foreign currency to 30 days for bringing greater flexibility in trade transactions. Foreign Exchange Policy De...

Inflation to ease from October, hopes MA Mannan

Inflation to ease from October, hopes MA Mannan

-- 2022-09-06 18:38:26

Planning Minister MA Mannan has expressed his hope that the general point-to-point inflation in the country is likely to ease from October due to the various measures taken by the government.  "...

360-day special repo facility scrapped due to lack of demand

360-day special repo facility scrapped due to lack of demand

-- 2022-09-06 18:30:36

Bangladesh Bank has scrapped the 360-day special repo facility due to the improvement in the coronavirus situation and a lack of demand for the borrowing tool. The central bank introduced the special...

Mannan sees social stability as economy’s main challenge now 

Mannan sees social stability as economy’s main challenge now 

-- 2022-09-06 17:55:05

Planning Minister MA Mannan has said that prices of essentials have to be kept within the purchasing capacity of lower income groups.  He said this at ‘Development Dialogue' organised by t...

India's $7.862b line of credit: Only $1.5b from LoC unlocked so far

India's $7.862b line of credit: Only $1.5b from LoC unlocked so far

FHM HUMAYAN KABIR 2022-09-06 08:53:43

India has yet to relax terms and conditions binding the use of its US$7.862 billion line of credit (LoC) which affected the execution of over 30 projects ongoing, insiders have said. New Delhi has di...

External sector volatility eases on austerity

External sector volatility eases on austerity

SIDDIQUE ISLAM 2022-09-06 08:40:05

Austerity works as Bangladesh's import orders dropped nearly 24 per cent or US$1.77 billion in August following regulatory measures to ease pressure on the economy from forex crunch, officials said....

Bangladesh seeks New Zealand's investment in livestock sector 

Bangladesh seeks New Zealand's investment in livestock sector 

-- 2022-09-05 21:15:31

President M Abdul Hamid has urged the investors of New Zealand, the country of Oceania, to come forward to invest in the livestock sector in Bangladesh.  He made the urge as he received the cr...

Foreign exchange rates stable after BB tightens spending 

Foreign exchange rates stable after BB tightens spending 

-- 2022-09-05 18:14:04

Bangladesh Bank’s move to curb foreign currency spending has resulted in stability in the market after a jump in hiking exchange rates over the last four months.  Through several regulator...

27 banks told to explain breach of credit dollar spending limit

27 banks told to explain breach of credit dollar spending limit

-- 2022-09-04 20:42:34

Bangladesh Bank has instructed 27 banks to explain why their credit card holders have been able to spend more dollars abroad than the limit. Central bank spokesman Md Serajul Islam said on Sunday a r...

‘Iran keen to boost economic ties with Bangladesh’ 

‘Iran keen to boost economic ties with Bangladesh’ 

-- 2022-09-04 20:33:29

Newly appointed ambassador of Iran to Bangladesh Mansour Chavoshi has said his country is sincere in enhancing economic relations with Bangladesh.  He said Iran is ready to cooperate with Bangla...

Karnaphuli EPZ to get $6m more investment

Karnaphuli EPZ to get $6m more investment

-- 2022-09-04 18:30:36

Ms HZ Outdoor International Company Limited is going to set up a Garments and Bag manufacturing industry in Karnaphuli Export Processing Zone (KEPZ) with an investment of $ 6.03 million.  An agr...

Central bank starts instant transactions of foreign currencies through RTGS

Central bank starts instant transactions of foreign currencies through RTGS

-- 2022-09-04 18:20:22

Bangladesh Bank has started instant foreign currency transactions, from bank to bank, through online-based real-time gross settlement (RTGS). Banks are primarily clearing and settling in US dollars,...

Over $4.0b remitted home in July-Aug

Over $4.0b remitted home in July-Aug

SIDDIQUE ISLAM 2022-09-02 08:48:27

The inflow of remittances crossed US$4.0 billion in the first two months of the current fiscal year (FY), 2022-23, following higher manpower export particularly to the Middle East counties. "We expec...