Search results for: Economy

Doha LDC5 likely to be deferred

FE ONLINE REPORT  2021-12-28 16:31:03

The Fifth United Nations Conference on the Least Developed Countries (LDC5), scheduled to take place in Qatar’s capital Doha from 23 to 27 January 2022, is likely to be deferred due to the Omicr...

Foreign aid inflow soars almost 50pc in July-Nov period

FHM HUMAYAN KABIR 2021-12-28 09:54:58

The foreign-aid inflow to Bangladesh has marked an impressive 49-per cent growth in the first five months of the current fiscal year (FY), 2021-22, official data showed on Monday. The overseas develo...

Foreigners in Bangladesh encouraged to repatriate wages through formal channels

SIDDIQUE ISLAM 2021-12-28 09:05:17

Bangladesh relaxed regulations allowing foreigners working in the country to repatriate most of their wages monthly and the remainder at yearend to encourage them to send their incomes through officia...

People's purchasing power falls in 2021

YASIR WARDAD 2021-12-28 08:35:33

The purchasing power of a vast majority of the population fell substantially in 2021 as their cost of living far outstripped the income that also grew, but marginally. People, particularly from low-...

ADB allocates $4.1m for Covid-19 rural recovery in Asia, Pacific

-- 2021-12-27 21:04:38

The Asian Development Bank (ADB) has allocated $4.1 million in technical assistance to help agri-food value chains and rural economies in Asia and the Pacific recover from the impacts of Covid-19 pand...

Bangladesh Bank asked to transfer foreign exchange reserve from US soon

FE ONLINE REPORT 2021-12-27 16:20:52

Authorities have been asked to deposit Bangladesh’s foreign exchange reserve with banks other than America’s to avoid possible US sanctions in the near future. A legal notice has been ser...

Price spiral spurs inflation in Bangladesh

FE REPORT 2021-12-27 08:25:27

Bangladesh saw inflation barometer of the economy surge with increases in both food and non-food prices, partly in tune with global market and largely for lax local controls in analysts' view. The st...

Food insecurity in Bangladesh returns to pre-Covid level: IFPRI

FE REPORT 2021-12-27 08:15:19

The International Food Policy Research Institute (IFPRI) found that the moderate or severe food-insecurity situation in Bangladesh returned to the pre-pandemic level by January this year, which the ho...

World economy to top $100 trillion in 2022 for first time, report says

-- 2021-12-26 10:25:27

The world's economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy, a r...

Turkish lira caps historic week with big lift, as central bank injects $8b into market

-- 2021-12-25 11:12:19

Turkey's lira closed out its strongest week on record on Friday, spiking more than 50 per cent with the support of billions of dollars of state-backed market interventions and a promise that the gover...

Land development at Jamalpur Economic Zone nearly ends

SAIF UDDIN 2021-12-25 10:12:03

Land development and the installation of required facilities at Jamalpur Economic Zone (JEZ) are almost done as it receives a $42.47-million investment proposal from nine companies. "Most of the JEZ...

Spain’s Nadia Calviño becomes head of IMF advisory committee

FE ONLINE DESK 2021-12-24 22:13:13

Spain’s First Vice President Nadia Calviño has become the chair of the International Monetary Fund’s policy advisory committee. Members of the advisory body, the International Mone...

Tenure of liquidity support to primary dealer banks extends

SIDDIQUE ISLAM 2021-12-24 09:09:26

The tenure of assured liquidity support (ALS) to primary dealer (PD) banks against government-approved securities extends as a measure to manage the funds efficiently, officials say. Under the latest...

Economist Wahiduddin Mahmud gets Bangladesh Bank Award

FE REPORT 2021-12-24 08:47:36

Professor Dr Wahiduddin Mahmud was honoured with the Bangladesh Bank (BB) Award-2020 on Thursday for his extraordinary contributions in the country's economy. The award committee of the central bank,...

Bangladesh's economic stability under threat: CPD

FE REPORT 2021-12-24 08:43:16

Economic stability in Bangladesh is not comfortable anymore because of some macroeconomic problems, policy think-tank CPD says and offers a set of recommendations for the government to follow. In its...

UN chief says 'Ponzi scheme' crashed Lebanon's finances

-- 2021-12-23 20:41:45

UN Secretary-General Antonio Guterres said Lebanon's financial collapse was caused by "something similar to a Ponzi scheme", according to a video of comments he made while visiting Beirut this week, r...

Bangladesh attracts $21.17b investment proposals in two years

-- 2021-12-23 18:58:09

Bangladesh has attracted more than US$21.17 billion worth of investment proposals in the last two years since the beginning of the Covid-19 pandemic in January 2020, according to statistics released b...

ADB to provide $940m loan for Bangladesh’s irrigation sector

-- 2021-12-23 16:23:40

Bangladesh and Asian Development Bank (ADB) have signed a $13.5 million additional loan agreement to improve the management, operation, and maintenance of large-scale irrigation schemes and protect pr...

ADB lends Bangladesh $2.6b, pledges $1.96b more

FE REPORT 2021-12-23 08:51:42

The Asian Development Bank (ADB) has confirmed US$$2.6 billion and pledged another tranche of $1.96 billion in assistance for Bangladesh to facilitate socioeconomic recovery and bankrolling its develo...

Bangladesh to receive $27.21m from Japan

-- 2021-12-22 20:58:44

The government of Japan will provide an overall amount of $27.21 million to Bangladesh against two projects. Out of the amount, Japan will provide 462 million Japanese Yen (equivalent to approximatel...

Bangladesh gets Tk 11b Swiss investments

-- 2021-12-22 17:24:08

Switzerland will invest around 119 million Swiss francs (CHF) or Tk 11 billion to implement its programme in Bangladesh over the next four years. As Switzerland and Bangladesh are about to celebrate...

World Bank lends $500m to modernise power system in Bangladesh

FE ONLINE REPORT 2021-12-22 16:02:50

The World Bank has approved US$500 million to help Bangladesh expand and modernise the electricity distribution system and support the sustainable transformation of its electricity system. The &l...

OFID to give Bangladesh $75m as budgetary aid

FHM Humayan Kabir 2021-12-22 10:14:57

The OPEC Fund for International Development (OFID) is going to provide US$ 75 million loans shortly to support Bangladesh's high-deficit budget, officials said on Tuesday. The Vienna-based lender wou...

Data support holds the key to post-LDC sustainability, says CPD's Debapriya

FE REPORT 2021-12-22 08:31:18

A deregulated liberalized economy emerging out of Bangladesh's LDC graduation needs full-blown information support to sustain, noted economists said Tuesday and suggested immediate cure for 'data blin...

Denmark, PPPA sign MoU to enhance Bangladesh’s economic growth

-- 2021-12-21 18:09:11

The Public Private Partnership Authority (PPPA), an autonomous government agency of Bangladesh, and Denmark have signed an MoU to enhance green infrastructure cooperation for Bangladesh’s sustai...

New initiatives, past investments empower Bangladesh to tackle pandemic

SHEIKH HASINA 2021-12-21 17:59:53

[Prime Minister Sheikh Hasina has written the following article in New York-based magazine FORTUNE on Monday.] Bangladesh could have fallen prey to COVID-19 but we acted fast to protect both our most...

Korea to provide $100m EDCF loan to Bangladesh for pandemic recovery

-- 2021-12-21 17:40:28

Bangladesh and South Korea have signed a loan agreement to provide US$100 million in concessional loans from the Economic Development Cooperation Fund (EDCF) to help the economic recovery of Banglades...

Malaysia's labour abuse allegations pose a risk to its export growth model

-- 2021-12-21 12:49:29

Malaysia's government and companies must address mounting allegations of workplace abuse of migrant labourers who fuel the country's economy, or face risks to its export-reliant growth model, experts...

Finance minister optimistic about 7.2pc GDP growth

FE REPORT 2021-12-21 08:37:39

Finance Minister AHM Mustafa Kamal is upbeat about attaining 7.2 per cent growth in gross domestic product (GDP) in the current fiscal year, true to the target set in the budget, following economic re...

WEF’s annual gathering called off due to omicron wave

-- 2021-12-20 18:25:23

The World Economic Forum (WEF) on Monday postponed its annual meeting in Davos due to the spread of the omicron coronavirus variant, putting off the event scheduled for January until mid-2022. A mont...