Search results for: Economy

World Bank, ERD sign $300m loan deal

FE REPORT 2021-10-19 08:56:50

The World Bank (WB) would provide US$ 300 million in loans for upskilling technical knowledge of some 0.1 million youths and women in Bangladesh. With the financial support, four government agencies...

Health Division: most important healer but worst dev performer

FHM HUMAYAN KABIR 2021-10-19 08:29:07

Once again has the health division positioned itself lowest in development spending as it could spend during the first quarter of the current fiscal year only 2.33 per cent from its total ADP allocati...

Korean investors to widen operations in Bangladesh

FE ONLINE REPORT 2021-10-18 19:54:57

In a bid to further promote bilateral trade with Bangladesh, Korean entrepreneurs, who have already a strong presence in the RMG sector, are planning to invest in other sectors like ICT and health. T...

BB allows receiving remittances through OPGSPs

-- 2021-10-18 18:36:49

Bangladesh Bank (BB) has allowed receiving inward remittances through online payment gateway service providers (OPGSPs). The foreign exchange policy department of the central bank on Monday issued a...

EU re-thinks budget rules for post-pandemic era

-- 2021-10-18 14:05:12

So often the source of rows between its members, the European Union starts reviewing its rules for national budgets on Tuesday to fit a post-pandemic reality of higher public debt and the huge costs o...

China's GDP growth hits one-year low

-- 2021-10-18 11:47:16

China's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policy...

Stimulus loan disbursement for CMSMEs may miss Dec deadline

-- 2021-10-17 18:01:15

Bangladesh’s cottage, micro, small and medium enterprises (CMSMEs) cannot avail of the stimulus loan as fast as they had expected due to its slow disbursement process. Bangladesh Bank has set a...

Bangladesh's per capita foreign debt buildup hits $460

JASIM UDDIN HAROON 2021-10-16 07:34:45

Bangladesh's per-capita foreign debt ballooned to USD460 or Tk 39,000 in the fiscal year 2021, up by over $67 from the figure a year before, according to central bank statistics. Such a buck in exter...

Govt aims to boost national revenue for rapid economic growth

-- 2021-10-15 17:12:23

The government is aiming to take up the economy's revenue-GDP ratio to 11.5 per cent by 2023-24 fiscal through modernisation of revenue administration, broadening the tax base, higher tax compliance,...

Bangladesh seeks stronger trade, investment ties with Serbia 

-- 2021-10-15 16:35:20

Foreign Minister Dr AK Abdul Momen has sought Bangladesh's stronger trade and investment ties with Serbia and close cooperation in addressing global issues. On the sidelines of the 60th Commemorative...

Calls grow for removal of PPP project funding hurdles

FE REPORT 2021-10-15 08:50:12

Prime minister's Principal Secretary Dr Ahmad Kaikaus has called for removing technical difficulties in financing the public-private partnership (PPP) projects by banks and financial institutions (FIs...

'E-transfers, equal incentives can trigger FDI inflow into Bangladesh'

FE REPORT 2021-10-15 08:20:28

Deeper deregulations and structural reforms can bring desired foreign direct investment in Bangladesh from Japan and elsewhere, says the Japanese envoy in Dhaka, naming two major triggers for FDI in...

Global economy feels pinch of cost surge

-- 2021-10-14 20:17:03

From beef bowls in Tokyo to fried chicken in London, consumers are beginning to feel the pinch from the surge in costs washing over the global economy. The rebound in economic activity as coronavirus...

Bangladesh's per capita GDP to be $2,138.794 this year, IMF projects

-- 2021-10-14 16:52:16

Bangladesh's per capita gross domestic product (GDP) will be US$2,138.794 in 2021 which is higher than neighbouring India, according to the International Monetary Fund (IMF). The per capita GDP of In...

Energy crisis could lead to slowdown in global economic recovery, says IEA

-- 2021-10-14 15:20:16

A global energy crunch is expected to boost oil demand by half a million barrels per day (bpd) and could stoke inflation and slow the world's recovery from the COVID-19 pandemic, the International Ene...

Stakeholders call for framing regulations, laws for Sukuk or Shariah bonds

FE REPORT 2021-10-14 09:13:27

Speakers at a workshop on Wednesday emphasised enacting separate laws and regulations for Sukuk or Shariah-based bonds as the instruments are different in features from the traditional fixed-income on...

'Great financing divide' between rich, poor nations slows recovery: IMF

-- 2021-10-13 17:15:31

Economic growth in poorer countries will likely lag pre-pandemic expectations for years, given gaps in vaccination rates, revenue growth and the ability to borrow, the International Monetary Fund said...

ADB boosts climate financing goal to $100 billion for 2019-2030 period

-- 2021-10-13 17:13:01

The Asian Development Bank will boost its climate financing goals by $20 billion to a new target of $100 billion for the 2019-2030 period. The lender also aims to launch its concept for retiring coal...

‘World economy needs to be overhauled to withstand future challenges'

-- 2021-10-13 15:50:33

The governance of the world economy needs to be overhauled to ensure it can withstand future health and economic shocks, as well as challenges posed by climate change and the rise of China, advisors t...

Energy crunch stokes inflation, economic recovery concerns

-- 2021-10-12 20:02:07

Authorities from Beijing to Delhi scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that rising energy costs will stoke inflation and...

Japan wholesale inflation hits 13-year high

-- 2021-10-12 11:18:38

Japan's wholesale inflation hit a 13-year high in September as rising global commodity prices and a weak yen pushed up import costs, putting pressure on corporate margins and raising the risk of unwan...

$700 million Korean aid for Bangladesh in next five years

FHM HUMAYAN KABIR 2021-10-12 09:15:04

Dhaka is set to strike an economic-cooperation deal with Seoul today (Tuesday) as the latter will provide some $700-million aid in the next five years. For the first time in its economic ties, South...

Three economists win Nobel economics prize

-- 2021-10-11 16:22:02

Three economists— David Card, Joshua Angrist, and Guido Imbens — won the 2021 Nobel economics prize, the Royal Swedish Academy of Sciences said on Monday. The prize, formally known as the...

'Middle class no longer active in leadership, intellectualism'

FE ONLINE REPORT   2021-10-10 20:06:36

Despite widening of the size of the middle class in the country from economic perspective, their participation in political leadership, intellectualism, and socio-cultural activities has come to the g...

IMF approves fourth tranche of debt relief to 24 low-income countries

-- 2021-10-09 18:58:35

The International Monetary Fund has approved a $124 million extension of IMF debt relief to 24 low-income countries through January 10, 2022. The approval of the fourth tranche of debt relief from th...

Economists emphasise regional value chain, connectivity

FE REPORT 2021-10-09 08:44:47

Experts Friday emphasised establishing increased connectivity and regional value chain by resolving high tariff issues among the countries for navigating a changing global economic order stemming from...

Deal reached on global minimum corporate tax

-- 2021-10-08 22:55:14

A global deal to ensure big companies pay a minimum tax rate of 15 per cent and make it harder for them to avoid taxation has been agreed by 136 nations, the Organisation for Economic Cooperation and...

Data probe violated World Bank staff rules, IMF chief’s lawyer claims

-- 2021-10-08 19:23:37

The lawyers, who investigated World Bank data-rigging allegations against IMF Managing Director Kristalina Georgieva, violated World Bank staff rules by failing to notify her that she was a subject of...

Bangladesh to turn into $500b economy

FE REPORT 2021-10-08 08:38:34

Bangladesh may become a US$500 billion economy with the per-capita income rising to $3,000 by 2025-26 fiscal year on the back of a steady growth, Standard Chartered Bank predicts. The international b...

World Bank revises up Bangladesh's growth to 6.4 per cent

FE ONLINE REPORT 2021-10-07 12:14:34

The World Bank has forecasted Bangladesh's economic growth at 6.4 pc for the fiscal year 2021-22, which is 1.3 percentage points higher than the earlier projection. In June last, the Washington-based...