Search results for: Economy

JICA’s support sought for setting up labs at BD ports

-- 2022-09-01 17:54:00

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought cooperation from Japan International Cooperation Agency (JICA) in establishing lab facilities at land, sea and airports of...

Forex reserves signal fall to $37b soon

SIDDIQUE ISLAM 2022-09-01 09:09:58

Pressure on Bangladesh's foreign-exchange reserves has intensified gradually, with an outlook of dropping to US$37 billion in the first week of September from $39.05 billion as of Wednesday. Official...

Realising necessity a big challenge: Salman

FE REPORT 2022-09-01 08:56:46

Trickling down the realisation of the necessity of trade and economic reforms from senior level of bureaucracy to field-level officers is a big challenge for the country, says PM's private industry...

Bangladesh, Brunei highlight importance of connectivity to boost bilateral trade

-- 2022-08-31 22:42:01

Bangladesh and Brunei have stressed the importance of facilitating air and shipping connectivity to boost bilateral trade, investment and people-to-people contact. The two countries agreed to facilit...

‘Economic zones can turn Bangladesh into global investment destination’

-- 2022-08-31 21:09:48

Federation of Bangladesh Chambers of Commerce and Industries President Md Jashim Uddin has called for branding Bangladesh as the most favourable investment destination in Asia by attracting local and...

BB mandates selling foreign currencies exceeding $10,000

-- 2022-08-31 20:50:41

Bangladesh Bank (BB) has made it mandatory for resident Bangladeshis to sell the amount in excess of US$10,000 to authorised dealer banks or licensed money changers, or credit the amount as a resident...

PM fears Covid-19, Ukraine war affecting balance of payments

-- 2022-08-31 20:43:42

Prime Minister Sheikh Hasina has said the coronavirus pandemic and the Russia-Ukraine war have created fears of a negative impact on Bangladesh’s balance of payments. Responding to questions fr...

Plastic Circular Economy: A goldmine for developing nations

Mahadi Hasan 2022-08-31 18:26:36

Around 300 million tons of plastic are produced yearly; 14 per cent of that amount is recycled, and the remainder is ocean debris ranging from surface water to deep-sea feculences.  New UNEP reg...

Inflation hits record 9.1pc in countries using euro currency

-- 2022-08-31 17:44:42

Inflation in the European countries using the euro currency hit another record in August, fueled by soaring energy prices mainly driven by Russia’s war in Ukraine. Annual inflation in the euroz...

PM's adviser believes US will not object to oil imports from Russia

-- 2022-08-31 17:38:33

Tawfiq-e-Elahi Chowdhury, the prime minister’s adviser on power, energy and mineral resources, believes the United States will not stand in the way of Bangladesh purchasing fuel from Russia in t...

S Korea to provide $3b soft loans to Bangladesh

FE ONLINE REPORT 2022-08-31 16:52:53

South Korea has decided to increase the size of Korea’s soft loan to 3.0 billion US dollars from 700 million dollars, the Korean ambassador in Dhaka Lee Jung Keun said on Wednesday. “This...

Crisis-hit Sri Lanka strikes staff-level pact with IMF on loan

REUTERS 2022-08-31 13:01:33

Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four s...

Debapriya points out deviations of economy: Poor pvt sector investment, low allocation in health sector

FE REPORT 2022-08-31 08:57:51

Renowned economist Dr. Debapriya Bhattacharya on Tuesday said the country's economy is now facing four clear-cut deviations, including poor private-sector investment. The other three deviations are p...

Another NBFI on the anvil

SIDDIQUE ISLAM 2022-08-31 08:36:52

One more non-bank financial institution, styled Nagad Finance PLC, is being born to facilitate financial-inclusion initiatives through serving more unbanked people, officials say. The board of direct...

Light engineering products to boost Bangladesh export basket

-- 2022-08-30 18:48:05

As Bangladesh seeks to diversify its export basket the focus has been on engineering products and bicycles, which have high demand in the international market. The government has taken several develo...

Floods, other water-related disasters could cost global economy $5.6t by 2050

Reuters 2022-08-30 16:51:02

Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released on Monday. Th...

Crisis pushes more Sri Lankans into poverty

-- 2022-08-30 14:53:33

In her outstretched palms, 49-year-old Nilanthi Gunasekera holds her family’s last remaining handful of dried fish – a reminder of Sri Lanka’s worst economic crisis in decades. She...

Pakistan floods cost at least $10 billion, planning minister says

-- 2022-08-30 13:30:22

Early estimates put the damage from Pakistan's recent deadly floods at more than $10 billion, its planning minister said on Monday, adding the world has an obligation to help the South Asian nat...

Transparency in budget making: Bangladesh scores lowest in the region

FE REPORT 2022-08-30 08:08:49

Transparency in Bangladesh's budget-making process continues to deteriorate, slipping to the lowest stand in the subcontinent as per a latest revelation on global rankings. In the 8th edition of Open...

Bangladesh eyes purchasing fuel oil from India’s surplus

-- 2022-08-29 23:21:19

The government of Bangladesh is considering a long-term agreement with India to bring in fuel oil from its surplus amid the energy crunch, Foreign Secretary Masud Bin Momen has said, according to bdne...

Universal pension management bill placed in parliament

-- 2022-08-29 20:47:24

A bill aimed at bringing the country’s growing elderly population under a universal pension scheme was placed in the parliament on Monday. Finance Minister AHM Mustafa Kamal placed the Universa...

Singapore launches new work visa rules to woo foreign talent

-- 2022-08-29 16:34:27

Singapore has announced new work visa rules to woo foreign talent as the Asian financial hub looks to bolster its recovery from the Covid-19 pandemic. The measures include a new five-year visa for pe...

India's status as world's fastest growing major economy to be short-lived: Reuters poll

REUTERS 2022-08-29 10:40:37

India likely recorded strong double-digit economic growth in the last quarter but economists polled by Reuters expected the pace to more than halve this quarter and slow further toward the end of the...

Full digitisation of banking services in BB's focus

-- 2022-08-29 08:57:56

Digitising core banking services and promoting mobile banking can play a significant role in financial inclusion of the people staying outside the coverage of formal banking, said Bangladesh Bank (BB)...

Bangladesh falling behind other South Asian nations in average productivity: Study

-- 2022-08-28 21:58:44

Bangladesh is falling behind other South Asian nations in average productivity due to a deficit in the trained labour force, revealed a study by the Bangladesh Institute of Development Studies. BIDS,...

Indian businesses keen on large-scale joint ventures in BD

-- 2022-08-28 17:34:01

Indian entrepreneurs have expressed their interest in boosting bilateral trade and commerce through large-scale joint venture investments in Bangladesh. Bangladesh Investment Development Authority...

BB Governor sees end in sight to dollar crisis

-- 2022-08-28 17:10:06

Bangladesh is on track to end a US dollar crisis soon in the country, Bangladesh Bank (BB) Governor Abdur Rouf Talukder has said. "Dollar market stability depends virtually on our inflows of remittan...

Sri Lankan children going to bed hungry: UNICEF

FE ONLINE DESK 2022-08-27 18:46:12

As the economic crisis continues to rattle Sri Lanka, it is the poorest, most vulnerable girls and boys who are paying the steepest price, according to United Nations Children's Fund (UNICEF). &ldquo...

Prospect of receiving soft ADB loans dims

FHM HUMAYAN KABIR 2022-08-27 08:07:42

Bangladesh's performance in major sectors has not improved in latest Asian Development Bank (ADB) assessment, officials say, thus weakening its prospect of receiving concessional funds from the lend...

Indonesia may raise fuel prices by 40pc to manage fiscal pressure

-- 2022-08-26 16:12:23

Indonesia may raise subsidised fuel prices by 30 per cent to 40 per cent to manage fiscal pressure from a ballooning subsidy budget, lawmakers from President Joko Widodo's ruling coalition government...