Search results for: Economy

Bangladesh gets $120m in World Bank loans to improve food security

-- 2022-03-17 14:10:21

Bangladesh and the World Bank have signed a $120 million financing agreement to improve production of irrigated agriculture and fisheries and increase the incomes of 170,000 poor people vulnerable to...

Bangladesh, Japan likely to start working on FTA

MUNIMA SULTANA 2022-03-17 10:24:26

Both Bangladesh and Japan governments are likely to start working on free trade agreement (FTA) after a survey found that the majority of Bangladeshi and Japanese companies operating here are in favou...

World Bank assures Dhaka of policy-based lending

FHM HUMAYAN KABIR 2022-03-17 10:16:07

A World Bank (WB) director on Wednesday assured Bangladesh of providing more policy-based loans like budgetary support for infrastructure development, officials said. Currently, the WB is providing B...

Mannan stresses on need to sign FTA with Japan

-- 2022-03-16 19:17:14

Planning Minister MA Mannan has stressed the need for signing a Free Trade Agreement (FTA) between Bangladesh and Japan for boosting bilateral trade, investment and economic cooperation. He also expr...

Bangladesh gets $750m foreign investment in startup in a decade, says Palak

-- 2022-03-16 18:05:07

The country has received foreign investment of over $750 million in the startup sector in a decade, said State Minister for Information and Communication Technology Zunaid Ahmed Palak on Wednesday. H...

Growth dividend of greening the economy is there

ZAIDI SATTAR 2022-03-16 10:55:47

Bangladesh is a rapidly developing economy facing the challenge of Climate Change. Climate experts have assessed that Bangladesh is among the most vulnerable countries due to Climate Change.  Wit...

Bangladesh's taxation system benefits political elite, target groups, reveals policy documents

FHM HUMAYAN KABIR 2022-03-16 10:44:15

Bangladesh's current taxation system confronts major challenges in upgrading tax-base as it plays into the hands of political elites and provides special benefits to some target groups, says a policy...

UK keen to increase investment in Bangladesh

-- 2022-03-15 21:00:13

British High Commissioner to Bangladesh Robert Chatterton Dickson has said the United Kingdom (UK) is keen to expand its investment in Bangladesh. The UK envoy said this while visiting the Bangabandh...

Exchange led Power Market to transform Bangladesh, India power cooperation

FE ONLINE DESK 2022-03-15 19:54:06

Cross Border Electricity Trade (CBET) has been taking place between South Asian countries under bilateral Memorandum of Understandings (MoUs) /Power Trade Agreement (PTAs) over the last decade. Howe...

World Bank approves $120m loan to develop climate-smart agriculture in Bangladesh

-- 2022-03-15 19:38:55

The International Development Association (IDA), a concern of the World Bank, will provide 120 million US dollars for the development of a 'climate-smart agriculture and water management project.&rsqu...

Anger grows over a worsening economic crisis in Sri Lanka

-- 2022-03-15 19:32:52

Opposition leaders led a march of hundreds of protesters through Sri Lanka's main city of Colombo on Tuesday as anger grows over a worsening economic crisis that has brought fuel shortages and spirall...

EU approves new round of Russia sanctions

-- 2022-03-15 18:27:30

The European Union (EU) has formally approved a new barrage of sanctions against Russia for its invasion of Ukraine, which include bans on investments in the Russian energy sector, luxury goods expo...

‘10m people to get special cards to buy essentials at fair prices’

-- 2022-03-15 16:54:11

Prime Minister Sheikh Hasina has said 10 million people in the country will get special cards to buy daily essential commodities at fair prices.  "We've targeted one crore (10 million) people. W...

‘World faces food crisis due to Ukraine war’

-- 2022-03-14 19:02:30

A global food crisis looms unless the war in Ukraine is stopped because fertiliser prices are soaring so fast that many farmers can no longer afford soil nutrients, Russian fertiliser and coal billion...

Russia’s potential default not to trigger global financial crisis, says IMF

-- 2022-03-14 17:43:43

Russia may default on its debts in the wake of unprecedented sanctions over its invasion of Ukraine, but that would not trigger a global financial crisis, International Monetary Fund Managing Director...

Central bank asks NBFIs to eschew inadmissible expenses for mobilising deposits

SIDDIQUE ISLAM 2022-03-14 10:31:43

The central bank asks non-banking financial institutions (NBFIs) to stop inadmissible expenses for luring deposits and go by declared rates, officials say. The nonbanks have also been instructed to p...

Russia says it counts on ties with China to withstand sanctions

-- 2022-03-13 20:16:08

Russia said on Sunday that it was counting on China to help it withstand the blow to its economy from Western sanctions, which it said had frozen nearly half of its gold and foreign currency reserves....

Tipu Munshi stresses signing FTA with South Korea

-- 2022-03-13 19:00:08

Commerce Minister Tipu Munshi has laid emphasis on signing Free Trade Agreement (FTA) with South Korea in order to boost the trade and investment of the two countries. "South Korea is a friend of Ban...

Banks asked to disburse all CMSME stimulus loans by June

-- 2022-03-13 16:43:55

Bangladesh Bank (BB) has instructed banks to speed up disbursement of stimulus funds among businesses in the Cottage, Micro, Small and Medium Enterprise (CMSME) sector to achieve the disbursement ta...

Swiss investment to Bangladesh reaches $1.3b

FE ONLINE REPORT 2022-03-13 16:11:06

Switzerland has invested over 1.3 billion US dollars (CHF 1.2 billion) in development assistance in Bangladesh,  with significant additional contributions channelled through international financi...

Bay of Bengal nations urged to invest in connectivity, reap trade benefit

FE REPORT 2022-03-13 08:29:16

Countries along the Bay of Bengal region should invest and focus more on infrastructure connectivity to reduce the high trading costs and reap benefits of many untapped economic potentials, economis...

Deposits rise as Bangladeshi savers crowd in banks

JASIM UDDIN HAROON 2022-03-12 08:15:41

Bangladesh's banks received over Tk 15.124 trillion in deposits in 2021, up 10 per cent year on year, as savers crowd in banking sector for reasons that may include lack of better options. People dep...

Malaysia's manufacturing sales up 13.1pc in January

-- 2022-03-11 18:18:06

Malaysia's manufacturing sales in January 2022 rose 13.1 per cent to 139 billion ringgit (about 33.15 billion US dollars) from a year ago, official data showed Friday. The growth in sales value for t...

Economists suggest redirecting public finances into protection recipes

FE REPORT 2022-03-11 09:01:14

The government should urgently act to resurrect purchasing power of the down-and-outs as the impact of the pandemic is much stronger on them, says a citizens' coalition, and suggests a recovery budget...

FBCCI president calls on UAE businesses to choose Bangladesh as investment destination

-- 2022-03-10 20:11:03

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Jashim Uddin, who is now in UAE, has called the entrepreneurs of UAE to choose Bangladesh as their investment destin...

Fuel prices keep rising, governments look for solutions

-- 2022-03-10 19:52:07

Retail gasoline and diesel prices soared to record highs in many countries across the world this week, prompting governments from Brazil to France to consider pumping up subsidies or trimming taxes to...

USAID launches $5m project for Bangladesh’s RMG workers

-- 2022-03-10 18:44:25

US Agency for International Development (USAID) has launched a $5.0 million project titled ‘Women Thrive in Bangladesh’ to empower women who are working in readymade garment factories in B...

Ukraine war-related inflation could lead to social unrest: World Bank

-- 2022-03-10 11:00:36

Soaring energy and food prices triggered by Russia's invasion of Ukraine could exacerbate existing food security concerns in the Middle East and Africa, and may fuel growing social unrest, World Bank...

DCCI president proposes to reduce corporate tax rate by 2.5pc

-- 2022-03-09 20:02:28

The Dhaka Chamber of Commerce & Industry (DCCI) has proposed to reduce the corporate tax rate by 2.5 per cent for both the listed and non-listed companies to become competitive in this region. Th...

BGMEA president for strengthening diplomatic efforts to expand exports to US

-- 2022-03-09 19:36:38

BGMEA President Faruque Hassan has reiterated the need for strengthening diplomatic efforts to boost bilateral relationship with the USA and expand trade and business between the two countries. &nbsp...