Search results for: Economy

Seasonal poverty drives rural migration

FE REPORT 2022-03-29 08:36:41

Seasonal poverty in several parts of Bangladesh remains a concern for rural economy and affects socioeconomic lives of marginal people, leading to their crowding in urban areas. An economics professo...

‘Ukraine crisis won’t put stability of Bangladesh’s macro-economy at great risk’

-- 2022-03-28 21:45:00

Finance Minister AHM Mustafa Kamal has said that the conflict between Russia and Ukraine does not affect the country’s macro-economic stability right now, even though the crisis generally affect...

Government braces for increased interest payment on borrowings

-- 2022-03-28 18:49:24

The government's payment on interest for loans will increase in the coming days despite reducing the rate of interest on borrowings, according to an official document. The government has to pay some...

Bitopi Group to invest $9.58m in DEPZ

-- 2022-03-28 17:55:20

M/s. Sonar Manufacturing Limited, a sister concern of Bitopi Group, is going to establish a Readymade Garments Industry in Dhaka Export Processing Zone (DEPZ) with an investment of $9.58 million. Thi...

Sri Lanka seeks further $1.0b credit line from India to import essentials

-- 2022-03-28 17:04:26

Sri Lanka has sought an additional credit line of $1.0 billion from India to import essentials amid its worst economic crisis in decades, two sources said on Monday, as the Indian foreign minister beg...

Fresh recovery scheme for CMSMEs launched

FE REPORT 2022-03-28 09:10:11

Bangladesh launches a fresh scheme worth nearly Tk 4.0 billion in aid to coronavirus-hit cottage, micro, small and medium enterprises (CMSMEs), as part of drives for economic recovery. The recovery p...

Supply chain challenges for e-commerce business in Bangladesh 

MOHAMMAD ASHRAFUL ISLAM KHAN  2022-03-26 16:43:30

While the global pandemic has shaken the world, certain sector has been booming as the imposition of lockdown brought about a significant change in consumer behaviour. People started buying products o...

Economic cost of vaccine hesitancy is mounting in America

-- 2022-03-26 13:02:05

Nearly a year after Covid vaccines became freely available in the US, one-fourth of American adults remain unvaccinated, and a picture of the economic cost of vaccine hesitancy is emerging. It points...

Promises of ‘stability’, ‘quality growth’ reverberated in China’s legislative gathering

Ismail Hossain 2022-03-26 10:07:42

Two Sessions, China’s most important annual political event, ended last week with a promise of stability, clean, green and quality growth, more transparency and more power to the grassroots lead...

Growing orders signal Bangladesh's export surge

SYFUL ISLAM 2022-03-26 08:02:00

Additional container-handling orders are pouring in off-docks around Chittagong seaport in clear signs of significant export growth ahead for Bangladesh, sources say, amid global trade resurgence....

Sri Lanka aims to earn $1b from gem exports in 2022 

-- 2022-03-25 18:05:55

The Sri Lankan government aims to earn 1.0 billion US dollars from gem exports this year with steps being taken to increase the exports to more markets, local media reported Thursday.  Minister...

Uzbekistan keen to invest in oil, gas exploration sector in Bangladesh 

-- 2022-03-24 20:12:56

Uzbekistan has expressed its interest to invest in oil and gas exploration sector of Bangladesh.  Uzbek energy minister’s advisor Jumaev Jasur Khudaykulovich expressed his country’s...

War to cut global growth to 2.6pc this year, says UNCTAD

FE ONLINE REPORT 2022-03-24 20:00:35

Russia-Ukraine war coupled with changes in macroeconomic policies by countries in recent months has compelled the United Nations (UN)’s trade and development body to downgrade its global economi...

Fertiliser shortage imperils world food supply 

-- 2022-03-24 19:54:30

Sky-high fertiliser prices have farmers worldwide scaling back its use and reducing the amount of land they're planting, fallout from the Ukraine-Russia conflict that has some agricultural industry ve...

Sri Lanka to seek World Bank assistance alongside IMF loan programme

-- 2022-03-24 14:45:52

Sri Lanka will seek World Bank assistance to stave off a severe economic crisis in addition to an International Monetary Fund (IMF) rescue plan to be discussed next month, two sources said. A 70 per...

IFC intends to double its investments in Bangladesh over the next five years

FE ONLINE DESK   2022-03-24 12:02:24

The International Finance Corporation (IFC) aims to double its investments in Bangladesh within the next five years, with a focus on creating new jobs, with new investments to help accelerate the coun...

Bangladesh's foreign debt repayment surges

FHM HUMAYAN KABIR 2022-03-24 08:24:12

The intensity of foreign debt servicing has swelled substantially, with 13.56 per cent higher payments in the first eight months of the current fiscal year (FY 2021-22) than that of the same period...

Contactless payment service to be available for debit, credit card users

-- 2022-03-23 20:46:02

From now debit card users will be able to make card-based payments through Contactless Payment Service using NFC technology.  Earlier the service was available for only credit cardholders. ...

British inflation hits 30-year high of 6.2pc as Sunak readies response

-- 2022-03-23 15:16:37

British inflation shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances that finance minister Rishi Sunak is under pressure to ease in a...

Government focused on increasing revenue from direct tax, says minister

-- 2022-03-22 19:08:39

Finance Minister AHM Mustafa Kamal on Tuesday said the government is focused on increasing revenue from direct tax to give relief to the lower income people from the tax burden. He also assured that...

Natural disasters cost Bangladesh $15b in 27 years, Japanese expert says

MIR MOSTAFIZUR RAHAMAN 2022-03-22 09:00:07

Bangladesh's economic loss due to various disasters amounted to US$ 15 billion in the last 27 years, noted Japanese disaster expert Dr Kozo Nagami. According to a research, $1.0 billion investment...

Bangladesh inflation hits 17-month high

-- 2022-03-21 19:37:30

Bangladesh’s economy has witnessed a 6.17 per cent inflation in February this year, the highest in 17 months.  According to Bangladesh Bureau of Statistic (BBS) data, in February 2022, t...

Economists suggest escaping stagflation

FE REPORT 2022-03-21 08:48:31

Eminent economists suggest the government should use fiscal space to avert further price adjustments to help continue economic recovery from pandemic shocks, or else there could be risks of "stagflati...

Bangladesh government's top priority should be taming inflation: CPD

FE REPORT 2022-03-21 08:38:09

Curbing inflation should be the centre of government's policy attention now as people are grappling with their limited budget to cope with skyrocketing prices of essentials, suggests a think-tank....

Japan announces $42b investment in India

-- 2022-03-19 22:56:50

Japanese Prime Minister Fumio Kishida on Saturday announced a 5.0 trillion yen ($42 billion) investment in India over the next five years during a meeting with Prime Minister Narendra Modi in New Delh...

Malaysia's exports up 16.8pc in February 

-- 2022-03-18 19:45:08

Malaysia's exports surpassed the 100 billion ringgits (about 23.8 billion US dollars) mark in February, increasing 16.8 per cent to 102.27 billion ringgits, official data showed Friday.  The exp...

Argentina Senate approves up to $45b IMF debt deal

-- 2022-03-18 10:55:50

Argentina's Senate voted late on Thursday to approve a $45 billion debt deal with the International Monetary Fund (IMF), converting the agreement into law and ensuring that the economically battered c...

Bangladesh imports in second half of 2021 jump 52.5pc

SIDDIQUE ISLAM 2022-03-18 08:32:23

Bangladesh's overall imports jumped by 52.5 per cent in the first seven months of this fiscal year (FY) due to higher imports of fuel oil and capital machinery, officials said. The settlement of le...

Bangladesh's fiscal space shrinks as debt servicing up

JASIM UDDIN HAROON 2022-03-18 08:15:56

Fiscal headroom is shrinking in Bangladesh as interest payments on public debts topped during the first six months of this fiscal year, sources say, largely for government borrowing to support fund-sa...

BEZA inks deal to pave way for Japanese economic zone

-- 2022-03-17 16:14:59

The Bangladesh Economic Zones Authority (BEZA) and Bangladesh Special Economic Zone Limited have inked a deal on the development of a dedicated zone for Japanese investors in Narayanganj's Araihazar....