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The Financial Express

Search results for: Economy

Stimulus credit flow drops

Stimulus credit flow drops

SIDDIQUE ISLAM 2022-07-25 08:32:33

Loan disbursement under the economic-recovery stimulus packages, particularly for large industries and services sector, drops mainly as prospective clients look averse. With this second-phase disburs...

Economists see long shadows on economic front

Economists see long shadows on economic front

FE REPORT 2022-07-25 08:18:32

Economists suggest the government show "zero tolerance" on capital flight as one of key remedies to tackle the ongoing macroeconomic disequilibrium in Bangladesh, as they see looming challenges. They...

Economists, energy experts suggest sustainable measures for stable macro economy

Economists, energy experts suggest sustainable measures for stable macro economy

-- 2022-07-24 22:52:37

Economists and energy experts on Sunday urged the government to take sustainable measures for a stable macro economy of the country considering the current economic problems are going to stay longer....

D8 eyes implementing PTA next year

D8 eyes implementing PTA next year

FE ONLINE REPORT 2022-07-24 19:51:37

The D8 countries are planning to implement the preferential trade agreement (PTA) by next year. Foreign Minister Dr AK Abdul Momen revealed this on Sunday while briefing reporters on the upcoming D8...

Bangladesh, Kenya sign two MoUs to boost ties

Bangladesh, Kenya sign two MoUs to boost ties

-- 2022-07-24 17:44:48

Bangladesh and Kenya have signed two memoranda of understanding to further strengthen cooperation between the two countries. The two MoUs were signed on cooperation between Foreign Service Academies...

Pakistan's financing needs fully met for this year, says central bank chief

Pakistan's financing needs fully met for this year, says central bank chief

-- 2022-07-24 12:19:50

Pakistan's $33.5 billion external financing needs are fully met for financial year 2022/23, the central bank chief said on Saturday, adding that "unwarranted" market concerns about its financial posit...

Banks’ savings deposits surge

Banks’ savings deposits surge

JASIM UDDIN HAROON 2022-07-23 08:27:44

Savings deposits in Bangladesh's banks have ballooned in recent years notwithstanding the pandemic and lower rates of interest, as, economists believe, investment activity slowed. Such deposit accumu...

Sri Lanka food prices increase by 75.8pc in 12 months

Sri Lanka food prices increase by 75.8pc in 12 months

-- 2022-07-22 21:48:54

Food prices in Sri Lanka increased by 75.8 per cent in the twelve months till June, accelerating from 58.0 per cent in May. Sri Lankan news outlet Daily Mirror said the data from National Consumer Pr...

Global slowdown fears darken prospects for Asian factories

Global slowdown fears darken prospects for Asian factories

-- 2022-07-22 20:40:46

Worries over a global slowdown are casting a shadow over Asia's recovery prospects with factory activity growth slowing in Japan and Australia, keeping pressure on policymakers to support their econom...

Korean businesses encouraged to seize opportunity offered by Bangladesh

Korean businesses encouraged to seize opportunity offered by Bangladesh

-- 2022-07-22 18:12:54

Director General of the Korea Trade-Investment Promotion Agency (KOTRA) Kim Jong-won has encouraged the Korean business executives to reorient their focus and policy priorities toward Bangladesh and s...

WB increases support for climate action in developing countries

WB increases support for climate action in developing countries

FE ONLINE REPORT 2022-07-22 17:56:14

The World Bank Group on Friday announced its new Climate Change Action Plan aiming to provide record levels of climate financing to developing countries, reduction of emissions, strengthen adaptation,...

Europe's banks brace for bumpy ride

Europe's banks brace for bumpy ride

-- 2022-07-22 15:23:03

Europe's banks, facing a potential economic storm and a rise in borrowing costs for the first time in more than a decade, are set to show their weak spots when they update investors on how their busin...

Bangladesh Bank forms Credit Guarantee Department

Bangladesh Bank forms Credit Guarantee Department

FE REPORT 2022-07-22 09:20:11

The Bangladesh Bank (BB) has formed a new department named Credit Guarantee Department as part of expanding its activities relating to providing credit guarantee facilities to small firms, especially...

BDT slips further vs dollar

BDT slips further vs dollar

FE REPORT 2022-07-22 09:11:50

The Bangladesh Taka (BDT) has further depreciated significantly against the US dollar mainly due to higher demand for the greenback for settling import-payment obligations. The local currency lost it...

BD growth exceeds projection: ADB

BD growth exceeds projection: ADB

FE REPORT 2022-07-22 08:43:34

Bangladesh's economic growth has exceeded the rate, as was projected by the Asian Development Bank (ABD). The Manila-based multilateral lender said this in its July Asian Development Outlook (ADO) su...

Debapriya emphasises roadmap for debt repayment of 20 mega projects

Debapriya emphasises roadmap for debt repayment of 20 mega projects

-- 2022-07-21 17:54:19

Economist Dr Debapriya Bhattacharya on Thursday called for a roadmap for debt repayment of the top mega projects which will be started between 2024 and 2026. "A major shock is coming to the economy b...

New Sri Lankan government must raise taxes, make difficult reforms: central bank governor

New Sri Lankan government must raise taxes, make difficult reforms: central bank governor

-- 2022-07-21 10:52:01

Sri Lanka's new president will have to deal with daunting political challenges and his reforms should include tax rises to stabilise a devastated economy, the central bank governor told the Financial...

IMF team cites weaknesses on macroeconomic front

IMF team cites weaknesses on macroeconomic front

FE REPORT 2022-07-21 09:30:56

An International Monetary Fund (IMF) economic appraisal mission noted with concern Bangladesh's low tax-GDP ratio, non-performing loan (NPL) buildup in the banking system and rising inequality, offici...

Tk 300b tax revenue deficit in FY '22

Tk 300b tax revenue deficit in FY '22

DOULOT AKTER MALA 2022-07-21 08:42:28

The tax revenue collection has faced nearly Tk 300 billion shortfall in the previous fiscal year (FY), 2021-22, although the tax-collecting wings have achieved double-digit growth over their previous...

Bangladeshi startups net $90m in H1

Bangladeshi startups net $90m in H1

FE REPORT 2022-07-21 08:26:16

Bangladeshi startups have raised nearly $90 million in investment in the first half of the running calendar year, according to a study report. Of the latest investment, business-to-business platform...

BGMEA seeks IMF support in realising strategic vision of RMG industry

BGMEA seeks IMF support in realising strategic vision of RMG industry

-- 2022-07-20 20:55:05

BGMEA President Faruque Hassan has sought the support of the International Monetary Fund (IMF) in realising the vision of the RMG industry, which in turn would contribute to the development of Banglad...

We don’t need any loan from IMF right now, says finance minister

We don’t need any loan from IMF right now, says finance minister

-- 2022-07-20 18:43:10

Finance Minister AHM Mustafa Kamal has dismissed a media report that Bangladesh is seeking a loan of $4.5 billion in aid for economic recovery. “Neither had we placed any proposal to IMF for a...

BB unveils refinancing scheme of Tk 250b for small businesses

BB unveils refinancing scheme of Tk 250b for small businesses

-- 2022-07-20 15:54:54

Bangladesh Bank (BB) has announced a refinancing scheme of Tk 250 billion for cottage, micro, small and medium entrepreneurs. Under this scheme, banks and financial institutions can disburse loans th...

Bangladesh sets export target of $67b for FY23

Bangladesh sets export target of $67b for FY23

-- 2022-07-20 15:17:06

Bangladesh is aiming to set a new record for export earnings in fiscal 2022-23 even as the war in Ukraine rattles the global economy. The government is targetting $67 billion in revenues from exports...

92.79pc ADP executed in FY22

92.79pc ADP executed in FY22

FE REPORT 2022-07-20 09:35:37

With the record-highest single-month spending, government agencies implemented 92.79 per cent of the Annual Development Programme (ADP) in fiscal year (FY) 2021-22, officials said on Tuesday. In the...

Recovery to rise, dev process to accelerate

Recovery to rise, dev process to accelerate

FE REPORT 2022-07-20 09:32:40

A fresh loan-rescheduling and- restructuring policy the central bank has just issued would help raise recovery of huge unpaid loans and facilitate overall economic activities amid the exigencies of pa...

Inflation bites, as rate soars to 9-year high

Inflation bites, as rate soars to 9-year high

FHM Humayan Kabir 2022-07-20 09:31:01

Bangladeshis also feel bitter bite of inflation as its point-to-point rate climbed to 7.56 per cent last month, a nine-year high, amid erratic price rises. Meanwhile, the average inflation rate in th...

EU wants full implementation of labour roadmap for trade facility

EU wants full implementation of labour roadmap for trade facility

-- 2022-07-19 20:45:41

The European Parliament's delegation on international trade on Tuesday said that the block wants full implementation of Bangladesh government's commitment to implement a labour roadmap. "We want the...

Inflation hits nine-year high of 7.56pc in June

Inflation hits nine-year high of 7.56pc in June

-- 2022-07-19 18:19:39

Bangladesh witnessed an nine-year high of 7.56 per cent inflation rate in June, the last month of FY22, as per state-owned BBS data. This important indicator of the economy rose by 7.42 per cent in M...

Pakistani rupee falls to all-time low against US dollar

Pakistani rupee falls to all-time low against US dollar

-- 2022-07-19 18:19:12

The Pakistani rupee fell to an all-time low against the dollar for the second day in a row on Tuesday, closing at Rs222 in the interbank market. According to the Forex Association of Pakistan (FAP),...