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The Financial Express

Search results for: Economy

ECNEC approves Tk 25.41b project for digital economy

ECNEC approves Tk 25.41b project for digital economy

-- 2021-12-07 17:13:28

The Executive Committee of the National Economic Council (ECNEC) has approved a Tk 25.41 billion Enhancing Digital Government and Economy (EDGE) project in a bid to create the necessary environment fo...

UAE announces move to Saturday-Sunday weekend

UAE announces move to Saturday-Sunday weekend

-- 2021-12-07 15:31:20

The United Arab Emirates said on Tuesday it would transition to a four and half-day working week starting next year, with the full weekend falling on Saturday and Sunday in a move aimed at better alig...

Entrepreneurs drive progress beyond hopes, says Rehman Sobhan

Entrepreneurs drive progress beyond hopes, says Rehman Sobhan

FE REPORT 2021-12-07 09:00:27

Bangladesh's progress may have exceeded Bangabandhu's expectations in the course of these 50 years thanks to the emergence of a dynamic entrepreneurial class, noted economist Professor Rehman Sobhan...

Bangladesh govt’s bank borrowing surges

Bangladesh govt’s bank borrowing surges

Siddique Islam 2021-12-07 08:55:41

Government bank borrowing sees a sudden surge amid bid for turning its accounts position positive from the negative as fund deficit doubled in a day, officials said. Deficit amount in the governmen...

Canadian employers face labour shortage

Canadian employers face labour shortage

-- 2021-12-06 19:24:40

Canada's tight labour market is forcing many companies to offer regular Covid-19 testing over vaccine mandates, while others are reversing previously announced inoculation requirements even as omicron...

‘FDI to increase up to three-fold in two years’

‘FDI to increase up to three-fold in two years’

-- 2021-12-06 18:50:08

Prime Minister's Private Industry and Investment Adviser Salman F Rahman has expressed his optimism that the Foreign Direct Investment (FDI) to Bangladesh would increase two to three times within the...

Sri Lankan tea exports to earn 1.3b in 2021

Sri Lankan tea exports to earn 1.3b in 2021

-- 2021-12-06 17:13:45

Sri Lanka's tea exports will earn 1.3 billion US dollars in 2021, state media citing a top government regulator reported on Monday. The tea exports had surpassed $1.2 billion by the end of November a...

Finance minister urges World Bank to grant project loans under budget support

Finance minister urges World Bank to grant project loans under budget support

-- 2021-12-05 21:27:10

Finance Minister AHM Mustafa Kamal has urged the World Bank to extend loans against projects under budget support to ensure speedy implementation of development schemes. The minister made the call in...

PM encourages youth to be entrepreneurs

PM encourages youth to be entrepreneurs

-- 2021-12-05 16:02:36

The youth in Bangladesh should opt for entrepreneurship, which will ensure self-employment and create employment for others, Prime Minister Sheikh Hasina said. They should not run after jobs after fi...

Bangladesh to introduce tool to assess climate risks beforehand

Bangladesh to introduce tool to assess climate risks beforehand

DOULOT AKTER MALA 2021-12-05 08:46:44

Being one of the most climate-vulnerable countries in the world, Bangladesh is going to make compliance with a disaster verification tool mandatory for assessing risks of the development projects acro...

IMF may lower growth projections as Omicron spreads rapidly

IMF may lower growth projections as Omicron spreads rapidly

-- 2021-12-04 18:10:03

The International Monetary Fund is likely to lower its global economic growth estimates due to the new omicron variant of the coronavirus, the global lender's chief said on Friday in another sign of t...

Bangladesh's shift from agrarian economy hits rural poverty alleviation

Bangladesh's shift from agrarian economy hits rural poverty alleviation

FE REPORT 2021-12-04 08:39:38

The poverty alleviation efforts in rural Bangladesh have floundered following the country's rapid shift from agrarian economy to service and industry sector-led economy, according to a study. High...

Two China-funded projects in slow lane

Two China-funded projects in slow lane

MIR MOSTAFIZUR RAHAMAN 2021-12-04 08:32:18

Financial progress on two China-funded power- transmission projects, initiated several years ago, is less than 15 per cent now, though electricity supply in Bangladesh is far behind the generation cap...

Emphasis on sustainable and equitable growth, not a rapid one

Emphasis on sustainable and equitable growth, not a rapid one

FE ONLINE REPORT 2021-12-03 21:02:22

Bangladesh needs to be cautious for sustainable economic growth as rapid growth is quite common among developing countries, but it is rarely sustainable and equitable, experts said citing studies. E...

Beijing to ease travel rules for US business execs

Beijing to ease travel rules for US business execs

-- 2021-12-03 10:35:40

China will cut to no more than 10 days the time required for approval of travel by US business executives, its ambassador to the United States said on Thursday, promising to turn "an attentive ear" to...

Socioeconomic inequalities widening in Bangladesh: Study

Socioeconomic inequalities widening in Bangladesh: Study

FE REPORT 2021-12-03 09:41:57

Despite significant improvement in handling childhood under-nutrition situation over the last one and a half decades, socioeconomic inequalities have long been widening in the country, according to...

Bangladesh to seek more WB aid to pace up economic recovery

Bangladesh to seek more WB aid to pace up economic recovery

FHM HUMAYAN KABIR 2021-12-03 08:57:54

Bangladesh would seek extended budgetary support from the World Bank (WB) to expedite the process of economic recovery from the fallouts of coronavirus pandemic, officials have said. They said the...

Dhaka-centric development, population overload cause 6.0pc GDP loss

Dhaka-centric development, population overload cause 6.0pc GDP loss

MUNIMA SULTANA 2021-12-03 08:33:12

Highly Dhaka city-concentrated development and population share cast adverse impact on Bangladesh's gross domestic product (GDP), reducing its growth by 6.0 per cent or more, according to findings rev...

Bangladesh Bank server glitch hits foreign trade

Bangladesh Bank server glitch hits foreign trade

FE REPORT 2021-12-03 08:29:06

A technical glitch in a server of the central bank hampered Bangladesh's foreign trade for nearly a week by slowing export-import operations, bankers said. The Bangladesh Bank (BB), however, was able...

Investment proposals grow 46.33pc in July-September

Investment proposals grow 46.33pc in July-September

-- 2021-12-02 20:48:59

The investment proposals registered by Bangladesh Investment Development Authority (BIDA) grew by 46.33 per cent in July-September 2021. This is a marked improvement from the corresponding period of...

Call to support women-led enterprises in SME sector

Call to support women-led enterprises in SME sector

FE ONLINE DESK 2021-12-02 20:29:10

As the SME sector is struggling to survive amid the Covid-19 crisis, speakers at a discussion called for supporting the enterprises, particularly the women-led ones, for the national interest. Women-...

More growth capital needed for MSMEs in South Asia, says ADB

More growth capital needed for MSMEs in South Asia, says ADB

-- 2021-12-02 19:00:02

Micro, small, and medium-sized enterprises (MSMEs) in South Asia need more growth capital to boost the sub-region’s resilience to shocks in the wake of the COVID-19 pandemic, according to a repo...

Helped by RMG, November export brings home $4.04b

Helped by RMG, November export brings home $4.04b

FE ONLINE REPORT 2021-12-02 16:04:27

The export earnings in November grew more than 31 per cent year-on-year to US$4.04 billion, riding on the readymade garments (RMG) sector in the pandemic. Bangladesh fetched $3.07 billion from mercha...

Bangladesh 8th largest remittance receiving country: IOM

Bangladesh 8th largest remittance receiving country: IOM

-- 2021-12-02 16:00:47

Bangladesh has become the 8th largest remittance-receiving country and the 6th largest migrant-sending country globally, according to the World Migration Report 2022. The report focuses on developmen...

Remittance inflow falls further in November

Remittance inflow falls further in November

FE REPORT 2021-12-02 08:43:12

Remittance inflow to Bangladesh dived further in November as money transfers through byways like hundi might have gathered speeds with the easing of pandemic restrictions worldwide. The money sent...

Shadow banking booms in Bangladesh amid lax monitoring, finds BIBM study

Shadow banking booms in Bangladesh amid lax monitoring, finds BIBM study

FE REPORT 2021-12-02 08:26:20

Shadow banking is fast growing in Bangladesh partly because of new normal created by the pandemic but its monitoring needs to be tightened to avert any chaos on the financial market, BIBM rings the...

Experts find key barriers to Indo-Bangladesh bilateral trade

Experts find key barriers to Indo-Bangladesh bilateral trade

FE ONLINE REPORT 2021-12-01 22:35:34

Non-tariff barrier supply-side constraint, and logistics were identified by the experts as key barriers to explore the true potential of Indo-Bangladesh bilateral trade. They were addressing a dialog...

Inward remittance drops by 21pc in five months of FY22

Inward remittance drops by 21pc in five months of FY22

-- 2021-12-01 21:48:44

Bangladesh received (USD) $1553.70 million in remittance in November, the lowest amount in 18 months. In November last year, expatriates had sent $2078.74 million amid the lockdown due to the Covid-1...

Some 1.85m taxpayers submitted returns till Nov 30

Some 1.85m taxpayers submitted returns till Nov 30

-- 2021-12-01 20:42:20

Around 1.85 million Taxpayer's Identification Number (TIN) holders submitted their return till November 30 in this fiscal 2021-22. Around Tk 24.56 billion has been collected from the returns, reports...

Finance minister says he lacks mechanism for gathering money-laundering information

Finance minister says he lacks mechanism for gathering money-laundering information

-- 2021-12-01 20:18:41

Finance Minister AHM Mustafa Kamal has said he does not have any mechanism to glean information about money laundering. “I don’t have any mechanism of my own. I’ve received some inf...