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The Financial Express

Search results for: Economy

Only 11.45pc of Indian pledges under LoCs released so far

Only 11.45pc of Indian pledges under LoCs released so far

FE REPORT 2021-10-29 13:04:08

Bangladesh has so far received only 11.45 per cent or around US$900 million out of the total commitments under the Indian Line of Credits (LoCs). The slow disbursements were due to delays in implemen...

Many Bangladesh industries can shine thru replication of RMG model

Many Bangladesh industries can shine thru replication of RMG model

FE REPORT 2021-10-29 12:35:23

Bangladesh can enable many of its potential industries to compete to grab huge trade on global market through replicating successful RMG model, businesspeople said at an investment-promotion meet Thur...

Aid inflow soars 34.72 pc in first quarter

Aid inflow soars 34.72 pc in first quarter

FHM HUMAYAN KABIR 2021-10-29 11:03:38

The foreign-aid inflow increased by 34.72 per cent to US$1.94 billion in the first quarter (Q1) of the current fiscal year (FY 2021-22), official data showed. The figure was $1.44 billion in the same...

BB extends low-income group’s lending scheme tenure

BB extends low-income group’s lending scheme tenure

FE REPORT 2021-10-29 10:41:44

The Bangladesh Bank has extended the tenure of the Tk 30-billion revolving refinance scheme for low-income people, farmers and marginal or small businesses to borrow low-cost funds by another year to...

Social media operators including Google, Facebook, Yahoo bound to submit income tax return: HC

Social media operators including Google, Facebook, Yahoo bound to submit income tax return: HC

FE ONLINE REPORT 2021-10-28 19:10:10

The High Court in a full text of a verdict observed that all the social media operators including Google, Facebook, YouTube, Yahoo, and Amazon have to get value-added tax (vat) registration compulsori...

‘RMG model replication in industries like footwear key to Bangladesh’s export diversification’

‘RMG model replication in industries like footwear key to Bangladesh’s export diversification’

FE ONLINE REPORT 2021-10-28 14:42:50

The country needs to encourage joint venture investments in multiple sectors by dedicating special economic zones (SEZs) to promising industries such as footwear to acquire higher skills and diversify...

Signing fresh preferential trade agreement with EU stressed

Signing fresh preferential trade agreement with EU stressed

FE REPORT 2021-10-28 09:03:10

Bangladesh's success stories with multinational businesses can help attract more foreign investment, especially from European countries, experts say while suggesting signing fresh preferential trading...

Investment Summit day 3: LDC graduation, shaping business landscape in focus

Investment Summit day 3: LDC graduation, shaping business landscape in focus

FE ONLINE DESK 2021-10-28 08:24:27

The transformation of Bangladesh and preparedness of its economy after LDC graduation will come up for discussion at a webinar today (Thursday). The discussants may try to find out the possible way-o...

Export diversification emphasised to utilise EU market before LDC graduation

Export diversification emphasised to utilise EU market before LDC graduation

FE ONLINE REPORT 2021-10-27 19:19:14

Diversified products in export baskets and the use of technologies to support required production are among the challenges for utilising the EU market ahead of Bangladesh's LDC graduation, said the pa...

Private sector investment crucial for Bangladesh's growth: UK envoy

Private sector investment crucial for Bangladesh's growth: UK envoy

FE ONLINE REPORT 2021-10-27 17:59:11

British High Commissioner in Bangladesh Robert Chatterton Dickson on Wednesday stressed the need for ease of doing business to attract more private sector investment, which he thinks is crucial to k...

ADB to help boost farm sector in Bangladesh

ADB to help boost farm sector in Bangladesh

-- 2021-10-27 17:51:03

Asian Development Bank (ADB) will enhance cooperation in order to strengthen efficiency in irrigation and agricultural researches, aiming to develop the farm sector of the country. ADB Country Direct...

Stock market investors should take into account risk factors: Minister Kamal

Stock market investors should take into account risk factors: Minister Kamal

FE ONLINE REPORT 2021-10-27 14:02:03

People should make investment at the bourses keeping in mind the ups and downs of the stock market, said Finance Minister AHM Mustafa Kamal. “This market goes up and down everyday. So, this is...

Bangladesh won't directly co-sponsor India’s WTO proposal

Bangladesh won't directly co-sponsor India’s WTO proposal

SYFUL ISLAM 2021-10-27 08:42:19

Bangladesh won't directly co-sponsor an Indian proposal at the World Trade Organization (WTO) for subsidy cut in production of agricultural items in the developed world, officials said, as it involv...

Diversified products, new EPZs to bring more FDIs into Bangladesh: Official

Diversified products, new EPZs to bring more FDIs into Bangladesh: Official

FHM HUMAYAN KABIR 2021-10-27 08:29:33

Bangladesh is developing a new EPZ for attracting more foreign direct investment (FDI) with diversified products, as investors queue up for plots amid economic bounceback, says a top official. Exec...

Business leaders look to UN for deal toward carbon pricing

Business leaders look to UN for deal toward carbon pricing

-- 2021-10-26 18:48:42

World business leaders want the upcoming United Nations climate summit to resolve issues that have so far hindered the use of carbon pricing to cut worldwide emissions, looking to boost the role that...

NBR cancels income tax fair this year too

NBR cancels income tax fair this year too

-- 2021-10-26 18:13:27

The National Board of Revenue (NBR) has decided not to hold the income tax fair this year too due to the pandemic. But the authorities will provide services to taxpayers throughout November through i...

FDI declines slightly in H1

FDI declines slightly in H1

FE ONLINE REPORT 2021-10-26 16:04:28

The net inflow of foreign direct investment (FDI) in Bangladesh declined modestly in the first half (H1) of the current calendar year. The latest statistics, released by Bangladesh Bank, showed that...

New investment strategy suiting Bangladesh's business bounceback on anvil

New investment strategy suiting Bangladesh's business bounceback on anvil

FE REPORT 2021-10-26 08:47:28

A new investment strategy suiting business bounceback is in the making for Bangladesh for netting capital now afloat in post-Covid 'new normal'. This was disclosed Monday at a meet in Dhaka under a m...

a2i, UNCDF, MSC launch FinLab BD for sustainable pro-poor growth

a2i, UNCDF, MSC launch FinLab BD for sustainable pro-poor growth

-- 2021-10-25 18:59:25

Access to Information (a2i) Programme, UNCDF and MSC have launched the Financial Innovation Lab Bangladesh (FinLab BD) to serve the low and moderate-income populations of Bangladesh by advancing susta...

Industrial modelling emphasised to harness blue economy

Industrial modelling emphasised to harness blue economy

FE REPORT 2021-10-25 08:47:04

Bangladesh can overcome many of post-LDC graduation challenges by harnessing huge resources hidden in its bay-based blue economy, experts say and suggest urgent industrial modelling based on the ric...

Bangladesh switches fast to digital financial transactions

Bangladesh switches fast to digital financial transactions

JASIM UDDIN HAROON 2021-10-24 08:57:51

Bangladesh is switching over fast to digital financial transactions from the conventional banking system, marking a phenomenal growth of 85 per cent in a segment last August. Officials said the digit...

Online tax return application ‘digiTax’ launched

Online tax return application ‘digiTax’ launched

-- 2021-10-23 19:34:27

DigiTax, an online tax return preparation platform for taxpayers, was formally launched on Saturday through which the taxpayers can now fill up income tax returns as well as assess their assets online...

Fast depreciation of taka against dollar worries stakeholders

Fast depreciation of taka against dollar worries stakeholders

FE REPORT 2021-10-23 08:44:08

Business leaders have raised serious concerns over the speedy depreciation of Bangladesh taka (BDT) against American dollar as it is pushing the import costs up. The BDT-dollar exchange rate in banks...

Living gets costlier with inflation upswing

Living gets costlier with inflation upswing

FHM HUMAYAN KABIR 2021-10-22 08:41:34

Living gets costlier for people as inflation maintains a steep rise amid price rises, although official figures apparently water down the inflationary pressures. The point-to-point inflation over t...

Overseas investment to be made easier, says PM

Overseas investment to be made easier, says PM

-- 2021-10-21 15:10:56

The government is working to create opportunities for the business community to invest in foreign countries, Prime Minister Sheikh Hasina said. "We can invest in other countries just the way they inv...

US, EU, other allies urge China to liberalise further

US, EU, other allies urge China to liberalise further

-- 2021-10-21 10:02:06

The United States said on Wednesday that China’s industrial policies "skew the playing field" against imported goods and services, as well as their foreign providers, and that Washington would p...

Overseas football tourism a massive boost for UK economy

Overseas football tourism a massive boost for UK economy

-- 2021-10-20 23:02:53

Overseas football tourism has proved to be a huge winner for the British economy, a new report published by Britain's national tourism agency VisitBritain revealed on Wednesday. According to research...

Thousands of unvaccinated workers across US at risk of losing jobs

Thousands of unvaccinated workers across US at risk of losing jobs

-- 2021-10-20 16:14:58

Thousands of unvaccinated workers across the United States are facing potential job losses as a growing number of states, cities and private companies start to enforce mandates for inoculation against...

IMF cuts economic growth forecast for Asia

IMF cuts economic growth forecast for Asia

-- 2021-10-20 10:16:36

The International Monetary Fund on Tuesday slashed this year's economic growth forecast for Asia and warned that a fresh wave of Covid-19 infections, supply chain disruptions and inflation pressures p...

Kamal seeks soft IFC loans for private sector

Kamal seeks soft IFC loans for private sector

FE REPORT 2021-10-19 10:17:01

Finance Minister AHM Mustafa Kamal has requested the International Finance Corporation (IFC) to provide private sector with loans on simple conditions. He put forward the proposal at a virtual meetin...