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The Financial Express

Search results for: Economy

US inflation rate hits a fresh 40-year high after ban on Russian energy imports

US inflation rate hits a fresh 40-year high after ban on Russian energy imports

-- 2022-04-12 20:42:56

The US inflation rate hit a fresh 40-year high in the year to March after fuel prices soared during the first full month of the Ukraine war. Consumer prices increased by 8.5 per cent, the largest rat...

250m people may fall into extreme poverty this year, warns Oxfam

250m people may fall into extreme poverty this year, warns Oxfam

FE ONLINE DESK 2022-04-12 19:53:13

Over a quarter of a billion more people could crash into extreme levels of poverty in 2022 because of the Covid-19 pandemic, rising global inequality and the shock of food price rises supercharged by...

Flood-hit haor farmers to get stimulus package

Flood-hit haor farmers to get stimulus package

-- 2022-04-12 19:30:03

The government plans to have a new pot of money to pass out to farmers in the haor region after recent flash floods destroyed their crops. Floods in early April damaged paddy on around 6,500 hectares...

Govt to build 15,000 square feet hi-tech park in Keraniganj 

Govt to build 15,000 square feet hi-tech park in Keraniganj 

-- 2022-04-12 18:56:18

A 15,000 square feet hi-tech park is going to be established in Keraniganj, southern suburb of Dhaka city.  State Minister for Power, Energy and Mineral Resources Nasrul Hamid laid the foundatio...

WTO lowers 2022 global trade growth forecast

WTO lowers 2022 global trade growth forecast

-- 2022-04-12 18:24:26

The World Trade Organization (WTO) on Tuesday revised down its forecast for global trade growth this year to 3.0 per cent from 4.7 per cent due to the impact of the Russia-Ukraine war and warned of a...

Bangladesh’s foreign debt far below risk limit: Economic review tells PM

Bangladesh’s foreign debt far below risk limit: Economic review tells PM

-- 2022-04-12 18:17:20

Bangladesh’s economy is relatively stable in almost all the indicators and its amount of foreign debt is still far below the risk limit. This observation came when Prime Minister Sheikh Hasina...

CPD urges govt to prepare realistic budget for pandemic recovery 

CPD urges govt to prepare realistic budget for pandemic recovery 

-- 2022-04-12 17:41:33

The Centre for Policy Dialogue (CPD) has urged the government to prepare a realistic budget with a clear implementation pathway for the upcoming fiscal year 2022-23.  The CPD, a think tank and r...

Lanka debt default syndrome: Bangladesh weighs own situation today

Lanka debt default syndrome: Bangladesh weighs own situation today

FHM HUMAYAN KABIR 2022-04-12 08:58:36

Sri Lanka's economic woes standing as a global concern, Bangladesh government's high-ups are sitting today for a stocktaking of its own macroeconomic scenario and foreign-debt position, officials said...

Belt-tightening begins to control forex extravagance

Belt-tightening begins to control forex extravagance

SIDDIQUE ISLAM 2022-04-12 08:36:10

Depositing minimum 25-percent cash margin on letter of credit (LC) for all imports, bar some essentials, is now mandatory under a monetary measure meant for easing import-payment pressure on the econo...

Bangladesh receives 2nd highest remittance from US in March

Bangladesh receives 2nd highest remittance from US in March

-- 2022-04-11 21:41:14

Bangladesh receives 2nd highest remittance from US in March  Bangladesh received the second-highest remittance from the United States in March, which showed a change in inward remittance flow.&n...

South Korea to create employment for girls in Bangladesh 

South Korea to create employment for girls in Bangladesh 

-- 2022-04-11 19:15:31

A new project has been undertaken to empower out-of-school adolescent girls and young women with market-driven occupational skills, transferable skills and job placements with support from the South K...

Ukraine’s GDP output to fall 45pc, Russia's economy to shrink 11.2pc this year

Ukraine’s GDP output to fall 45pc, Russia's economy to shrink 11.2pc this year

-- 2022-04-11 16:16:27

Ukraine's economic output will likely contract by a staggering 45.1 per cent this year as Russia's invasion has shuttered businesses, slashed exports and rendered economic activity impossible in large...

Cumilla Economic Zone gets final BEZA licence

Cumilla Economic Zone gets final BEZA licence

FE ONLINE REPORT 2022-04-11 12:15:44

The government has given the final licence to Cumilla Economic Zone (CEZ). The Bangladesh Economic Zones Authority (BEZA), a centralised economic zones authority of Bangladesh, handed over the lice...

Sri Lanka's surprise finance minister has a mountain to climb

Sri Lanka's surprise finance minister has a mountain to climb

-- 2022-04-11 11:01:44

When former justice minister Ali Sabry visited Sri Lanka's president last Monday, it was for talks amid an economic crisis that has brought thousands of protesters on to the street and left the island...

UNDP, BIDA sign MoU for 'Future Nation' programme

UNDP, BIDA sign MoU for 'Future Nation' programme

-- 2022-04-10 20:30:32

The United Nations Development Programme (UNDP) and Bangladesh Investment Development Authority (BIDA) have signed a Memorandum of Understanding (MoU) for the 'Future Nation' programme to create econo...

NBR to introduce VAT-refund app

NBR to introduce VAT-refund app

-- 2022-04-10 20:03:48

The Duty Exemption and Drawback Office (DEDO) under the National Board of Revenue (NBR) is going to introduce the online refund app Dedopay to speedily resolve the refund claims of the taxpayers onl...

NBR likely miss revenue target Tk 3.30t this year too

NBR likely miss revenue target Tk 3.30t this year too

-- 2022-04-10 18:09:20

The National Board of Revenue (NBR) may miss the fiscal revenue collection target as about half of the revenue collection is yet to be done with only four months left of the current financial year. L...

‘Practise what you preach’

‘Practise what you preach’

FE REPORT 2022-04-10 08:38:33

Renowned economist Prof Rehman Sobhan says politics and administrative quality ought to pair up for proper implementation of the policies while few other veterans stressed practicable planning. Shari...

Sri Lanka doubles interest rates to tame inflation; stabilise economy

Sri Lanka doubles interest rates to tame inflation; stabilise economy

-- 2022-04-09 12:12:27

Sri Lanka's central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared due to crippling shortages of basic goods driven...

BIDA seeks to deliver high-value services after WAIPA directorship

BIDA seeks to deliver high-value services after WAIPA directorship

SAIF UDDIN 2022-04-09 10:08:13

The Bangladesh Investment Development Authority (BIDA) looks to deliver high-value services as it has recently assumed the regional directorship of WAIPA, a UN-affiliated global platform to promote in...

Dhaka seeks $500m more in WB aid

Dhaka seeks $500m more in WB aid

FHM HUMAYAN KABIR 2022-04-09 08:35:47

Bangladesh is likely to seek US$500 million more in budgetary support from the World Bank at the upcoming IMF-WB spring meeting in Washington, as the government eyes yet a bigger budget. Besides, an...

Japan to ban coal imports from Russia

Japan to ban coal imports from Russia

-- 2022-04-08 17:44:10

Japan, the world's third-largest coal importer, said on Friday it will ban coal imports from Russia and impose a wide range of additional sanctions, including freezing the assets of two major banks an...

World food prices jump nearly 13pc in March, UN agency says

World food prices jump nearly 13pc in March, UN agency says

-- 2022-04-08 16:38:27

World food prices jumped nearly 13 per cent in March to a new record high as the war in Ukraine caused turmoil in markets for staple grains and edible oils, the UN food agency said on Friday. The Foo...

India's central bank keeps lending rate steady

India's central bank keeps lending rate steady

-- 2022-04-08 13:17:55

The Reserve Bank of India kept its key lending rate at a record low on Friday, as expected, as it sought to support economic growth even as inflation edged higher in the wake of the Russia-Ukraine war...

Trade deficit swells to $22b

Trade deficit swells to $22b

SIDDIQUE ISLAM 2022-04-08 09:01:59

Bangladesh's overall trade deficit climbed over US$22-billion mark in the first eight months of the current fiscal year mainly for higher import-payment pressure on the economy, officials say. Besi...

Eschew expansionary option in budget making

Eschew expansionary option in budget making

FE REPORT 2022-04-08 08:46:20

The government ought to adopt a balanced instead of expansionary approach in preparing the upcoming budget, as fiscal space keeps narrowing, economists and experts said Thursday. According to them, t...

Bangladesh resumes vegetable exports to UK after one month

Bangladesh resumes vegetable exports to UK after one month

-- 2022-04-07 20:38:00

Bangladesh has resumed exports of vegetables to the United Kingdom after scanner trouble halted the shipment of farm products for nearly a month. Frustrated businesses, however, say they have already...

Canada-China owned company inks deal to invest $5.74m in BEPZA EZ

Canada-China owned company inks deal to invest $5.74m in BEPZA EZ

-- 2022-04-07 20:34:10

Ms. Goodwood (Dhaka) Company Limited, a Canada-China-owned company, will invest 5.74 million US dollars to set up a diversified product manufacturing industry in BEPZA Economic Zone. The Bangladesh...

Mobile money industry processes record $1.0t globally in 2021

Mobile money industry processes record $1.0t globally in 2021

FE ONLINE REPORT 2022-04-07 18:11:29

Mobile money adoption and use saw continued growth in 2021, processing a record $1.0 trillion, according to a report. says a report. As per the report titled ‘State of the Industry Report on Mo...

Tourism spending in China plunges over key holiday

Tourism spending in China plunges over key holiday

-- 2022-04-07 11:29:31

Tourism spending in China plunged over this week's Qingming festival, as the world's second-largest economy battles a rise in infections. The amount tourists spent during the key thre...