Loading...
The Financial Express

Search results for: Economy

Stable democracy helps Bangladesh pull ahead of India, Pakistan: Chicago Tribune

Stable democracy helps Bangladesh pull ahead of India, Pakistan: Chicago Tribune

-- 2022-04-19 20:50:06

Bangladeshis are economically better off than ever before as its stable democracy and strong women leadership helped the country pull ahead of neighbouring India and Pakistan, according to US daily Ch...

BGMEA president seeks cooperation from stakeholders for RMG industry

BGMEA president seeks cooperation from stakeholders for RMG industry

-- 2022-04-19 20:24:49

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has sought the support and cooperation of all stakeholders to make use of the opportunities that have been c...

War dims global economic outlook as inflation accelerates, says IMF

War dims global economic outlook as inflation accelerates, says IMF

-- 2022-04-19 20:21:27

The International Monetary Fund (IMF) on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, citing Russia's war in Ukraine, and warned that inflation was now a...

BB relaxes agro credit payment schedule

BB relaxes agro credit payment schedule

-- 2022-04-19 19:23:32

Bangladesh Bank (BB) has relaxed the conditions for rescheduling short-term agricultural credit to enhance food production and growing agro-based industry in the country. The move came in the rece...

ECNEC approves 11 projects worth Tk 42.45 billion

ECNEC approves 11 projects worth Tk 42.45 billion

-- 2022-04-19 17:12:42

The Executive Committee of the National Economic Council (ECNEC) has approved a total of 11 development projects involving an overall estimated cost of Tk 45.42 billion. The approval came from a ECNE...

Sri Lanka says IMF to consider request for rapid aid

Sri Lanka says IMF to consider request for rapid aid

-- 2022-04-19 13:54:16

The International Monetary Fund will consider providing quick financial assistance to debt-burdened Sri Lanka following representations by India, Sri Lanka's finance ministry said on Tuesday. A deleg...

WB to provide $250m loan for post-pandemic recovery

WB to provide $250m loan for post-pandemic recovery

-- 2022-04-18 18:21:39

The World Bank is set to provide Bangladesh $250 million as loan to help the recovery of the country’s economy from the adverse effect of Covid-19 pandemic. To this end, an agreement was signed...

Central bank fixes interest rates for non-bank financial institutions

Central bank fixes interest rates for non-bank financial institutions

-- 2022-04-18 18:20:53

Bangladesh Bank has asked all non-bank financial institutions (NBFIs) to fix a maximum 7 per cent interest rate on deposits and a maximum 9 per cent interest rate on loans. The instruction will come...

China spending, employment hit amid lockdowns

China spending, employment hit amid lockdowns

-- 2022-04-18 15:17:36

China's consumer spending fell and unemployment rose last month as Covid lockdowns confined millions of people to their homes, official figures show. Joblessness reached the highest level sin...

Govt looks to $58b export next fiscal

Govt looks to $58b export next fiscal

REZAUL KARIM 2022-04-18 09:22:32

The government looks up to a nearly 15-percent higher export at US$ 58 billion in the next fiscal year (FY), officials say, as exporters appear optimistic about a robust post-pandemic trade rebound....

'Be pennywise in forex spending'

'Be pennywise in forex spending'

FE REPORT 2022-04-18 08:59:46

A high-powered meeting Sunday on Bangladesh's macroeconomic situation suggested cautionary measures in spending foreign currencies in view of higher import trend and the cascading Russia-Ukraine war...

Bangladesh trade costs highest in South Asia

Bangladesh trade costs highest in South Asia

JASIM UDDIN HAROON 2022-04-18 08:55:06

Trade cost as a share of trade revenue in Bangladesh remained highest in South Asia on the back of higher total transport expenses, according to a research focused on shift to paperless trading. Th...

Despite BB policy, banks are far off investment limit

Despite BB policy, banks are far off investment limit

-- 2022-04-17 18:14:29

Although the investment volume of banks in the capital market has increased, many are still far away from their investment limit. Despite the policy relaxation and enforcement of Bangladesh Bank (BB)...

Shrimp exporters want green signal for commercial cultivation of King Prawn

Shrimp exporters want green signal for commercial cultivation of King Prawn

-- 2022-04-17 17:59:06

Bangladesh should go for commercial cultivation of vannamei species of shrimp or king prawn to capture the global market. The king prawn currently accounts for 80 per cent of global market share, w...

FBCCI wants road construction work to be put on hold for 14 days for Eid journey

FBCCI wants road construction work to be put on hold for 14 days for Eid journey

-- 2022-04-17 17:13:08

FBCCI senior vice-president Mostafa Azad Chowdhury Babu called for putting the ongoing construction and repair of roads on hold for a total 14-day before and after Eid to alleviate the suffering of ho...

StanChart showcases Bangladesh’s growth story to global investors

StanChart showcases Bangladesh’s growth story to global investors

-- 2022-04-17 17:05:09

  Standard Chartered Bangladesh hosted an International Investors and Lenders Roadshow to help Bangladesh businesses build lasting relationships with leading investment and lending institutions...

Replicate RMG success model in other sectors

Replicate RMG success model in other sectors

FE Report 2022-04-17 09:23:55

The government should replicate successful RMG (readymade garment) model to all non-RMG sectors, allowing them to become competitive enough to absorb post-LDC graduation-related challenges, business...

Nepal seeks overseas nationals' help to build up forex reserves

Nepal seeks overseas nationals' help to build up forex reserves

-- 2022-04-16 17:50:55

Nepal is asking citizens living abroad to deposit funds in domestic banks as part of efforts to ensure the financial system has enough liquidity and to preserve foreign exchange reserves, finance mini...

US to resume oil, gas drilling on public land despite Biden campaign pledge

US to resume oil, gas drilling on public land despite Biden campaign pledge

-- 2022-04-16 11:46:01

The Biden administration on Friday said it has resumed plans for oil and gas development on federal lands, a move that could break a pledge Joe Biden made while campaigning for president. The plan ca...

Bangladesh won't face food scarcity, agriculture minister says

Bangladesh won't face food scarcity, agriculture minister says

FE REPORT 2022-04-16 09:37:09

There will be no food shortage in the country, as the government has given utmost priority to ensuring food security, said Agriculture Minister Dr Mohammad Abdur Razzaque on Friday. "The country ha...

Neighbouring nations, blocs with trade potential to get priority

Neighbouring nations, blocs with trade potential to get priority

SYFUL ISLAM and REZAUL KARIM 2022-04-16 08:20:28

Next-door neighbours and blocs having trade potential, good connectivity, bilateral cooperation and strategic partnership will get priority in Bangladesh's journey towards free-trade agreements (FTA...

IMF to downgrade its growth outlooks for 143 economies

IMF to downgrade its growth outlooks for 143 economies

-- 2022-04-15 20:10:55

The International Monetary Fund (IMF) will cut its global growth estimates for 2022 and 2023 as Russia's war in Ukraine drives food and energy prices higher, piling pressure on already fragile economi...

Japanese companies in Bangladesh top export ratio list: JETRO 

Japanese companies in Bangladesh top export ratio list: JETRO 

-- 2022-04-15 17:29:59

The export ratio of Japanese companies operating in Bangladesh is atop among the Asia and Oceania countries as the ratio of exports to total sales by Japanese companies has stood at 65.4 per cent, sai...

Russia asks Brazil to help keep sway at IMF, World Bank

Russia asks Brazil to help keep sway at IMF, World Bank

-- 2022-04-15 10:47:56

Russia has asked Brazil for support in the International Monetary Fund, the World Bank and the G20 group of top economies to help it counter crippling sanctions imposed by the West since it invaded Uk...

Nepal to miss economic growth target 

Nepal to miss economic growth target 

-- 2022-04-14 17:08:43

Nepal will fall short of its growth target, a top government official said on Thursday, underscoring the troubled state of an economy grappling with a pandemic-induced loss of tourism, a widening trad...

Heads of global agencies urge action on food security

Heads of global agencies urge action on food security

FE REPORT 2022-04-14 10:03:22

The heads of the World Bank Group (WBG), International Monetary Fund (IMF), United Nations World Food Program (WFP), and World Trade Organization (WTO) in a joint statement called for urgent action...

World Bank bills Bangladesh safe from debt crisis

World Bank bills Bangladesh safe from debt crisis

FE REPORT 2022-04-14 08:05:32

Bangladesh won't face a crisis like Sri Lanka's at this moment for its current level of comfortable foreign debt-GDP ratio, the World Bank says on review of the country's latest economic condition. "...

Bangladesh makes strong economic recovery, says World Bank

Bangladesh makes strong economic recovery, says World Bank

-- 2022-04-13 19:50:03

Bangladesh has made a strong economic recovery from the COVID-19 pandemic, but growth faces new headwinds as global commodity prices increase amid the uncertainty created by the war in Ukraine, says t...

FBCCI urges Canadian companies to invest in Bangladesh’s waste management

FBCCI urges Canadian companies to invest in Bangladesh’s waste management

-- 2022-04-13 17:36:54

FBCCI President Md Jashim Uddin has urged Canadian companies to invest in waste management and waste-to-power generation in Bangladesh as the country has a number of reputed companies in this f...

ICCB lauds Bangladesh’s tremendous post-pandemic economic recovery, growth

ICCB lauds Bangladesh’s tremendous post-pandemic economic recovery, growth

FE ONLINE DESK 2022-04-13 13:33:23

The economy of Bangladesh has fared quite well despite the impact of the Covid-19 pandemic. Before the onset of the Coronavirus, the economy was growing rapidly. In FY20 the growth became slower. Howe...