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The Financial Express

Search results for: Economy

How China’s ‘common prosperity’ drive may impact the world

How China’s ‘common prosperity’ drive may impact the world

-- 2021-10-07 10:53:41

China says its policies aimed at narrowing the widening wealth gap are precisely what it needs in this moment of its economic trajectory - but critics say it comes with even greater control of how...

How COVID-19 in Southeast Asia is threatening global supply chains

How COVID-19 in Southeast Asia is threatening global supply chains

-- 2021-10-06 19:03:32

Fresh coronavirus outbreaks in Southeast Asia have hurt factory activity across industries, threatening the region's recovery from the COVID-19 pandemic and disrupting global supplies of goods such as...

BGMEA president says Bangladesh RMG industry growing sustainably

BGMEA president says Bangladesh RMG industry growing sustainably

-- 2021-10-06 18:59:54

Sustainability is one of the core areas of concern for Bangladesh’s RMG industry which is making all-out efforts to achieve environment-friendly growth, BGMEA President Faruque Hassan has said....

IMF trims global growth forecast for 2021 citing 'vaccine divide'

IMF trims global growth forecast for 2021 citing 'vaccine divide'

-- 2021-10-06 12:53:00

The International Monetary Fund expects global economic growth in 2021 to fall slightly below its July forecast of 6 per cent, IMF chief Kristalina Georgieva said on Tuesday, citing risks associated w...

Moody's upgrades outlook on India to stable from negative

Moody's upgrades outlook on India to stable from negative

-- 2021-10-06 10:35:40

Ratings agency Moody's Investors Service on Tuesday upgraded its outlook on India to stable from negative, saying downside risks in Asia's third largest economy and its financial institutions have red...

Global tax deal drops ‘at least’ from proposed minimum of 15pc

Global tax deal drops ‘at least’ from proposed minimum of 15pc

-- 2021-10-05 21:48:12

An updated draft of a global corporate tax overhaul has dropped "at least" from a proposed minimum rate of "at least 15 per cent", possibly clearing a major hurdle for Ireland as negotiations enter a...

Trade gap crosses $4.0b in July-Aug

Trade gap crosses $4.0b in July-Aug

FE ONLINE REPORT 2021-10-05 16:58:06

Country’s merchandise trade gap with the rest of the world crossed US$ 4.0 billion in the first two months of the current fiscal year (FY22). Bangladesh Bank statistics showed that trade gap st...

ADB puts in pipeline $10-12 billion in aid for Bangladesh

ADB puts in pipeline $10-12 billion in aid for Bangladesh

FE REPORT 2021-10-05 08:39:28

Launching its fresh country partnership strategy (CPS), the Asian Development Bank (ADB) put in aid pipeline US$10-$12 billion for funding Bangladesh's development recipe over five years to 2025. F...

Bangladesh's tax revenue up as economy rebounds

Bangladesh's tax revenue up as economy rebounds

DOULOT AKTER MALA 2021-10-05 08:26:49

Tax-revenue collection in Bangladesh marks an upturn amid economic rebound, both globally and locally, following reopening from corona lockdowns. Transitional period in economy after the anti-Covid...

Experts suggest creating a separate ministry to unlock full potentials of blue economy

Experts suggest creating a separate ministry to unlock full potentials of blue economy

-- 2021-10-03 17:48:09

Bangladesh should urgently create a new ministry to lead and oversee coordinated efforts in unlocking the full potentials of the blue economy ranging from the sustainable development of marine fisheri...

Emerging market 'cryptoisation' threatens financial stability: IMF

Emerging market 'cryptoisation' threatens financial stability: IMF

-- 2021-10-02 09:31:16

The advent of digital currencies in emerging markets could spark "cryptoization" of local economies, potentially undermining exchange and capital controls and upsetting financial stability, the Intern...

US consumer spending increases

US consumer spending increases

-- 2021-10-02 08:46:54

US consumer spending surged in August, but outlays adjusted for inflation were weaker than initially thought in the prior month, reinforcing expectations that economic growth slowed in the third quart...

Asian factories hit by China slowdown, supply constraints

Asian factories hit by China slowdown, supply constraints

-- 2021-10-01 12:10:19

Asia's manufacturing activity was lacklustre in September as signs of slowing Chinese growth and factory shutdowns caused by the coronavirus pandemic weighed on the region's econom...

Foreign investors ask Indian regulator to delay quicker trade settlement plans

Foreign investors ask Indian regulator to delay quicker trade settlement plans

-- 2021-10-01 11:42:51

Foreign investors in India are pushing the country's market regulator to delay its plans to implement a quicker settlement of trades by bourses - a "complex and costly" move they s...

Bangladesh's multidimensional poverty rate high: Study

Bangladesh's multidimensional poverty rate high: Study

FE REPORT 2021-10-01 10:18:26

Multidimensional poverty in Bangladesh far outstrips the current income-based estimation, shows a study that puts the rate at 25.87 per cent, as of immediate pre-pandemic period. Bangladesh Institu...

Panel suggests trimming Bangladesh's import tariff to WTO-set rates

Panel suggests trimming Bangladesh's import tariff to WTO-set rates

SYFUL ISLAM 2021-10-01 10:02:15

Trimming Bangladesh's tariff rates to suit the WTO-set levels is suggested by an official panel before the country's graduation to a developing nation that will subject it to competitive trading reg...

Bangladesh August imports surge as economy rebounds

Bangladesh August imports surge as economy rebounds

SIDDIQUE ISLAM 2021-09-30 09:47:52

Bangladesh sees an import surge as apparel exporters made big purchases of textile products as capital goods from the international market to meet buyers' enhanced requirements after the reopening of...

Delta slowing economic growth, increasing inequality in East Asia and Pacific: WB

Delta slowing economic growth, increasing inequality in East Asia and Pacific: WB

-- 2021-09-29 11:39:14

The East Asia and Pacific region's recovery has been undermined by the spread of the COVID-19 Delta variant, which is likely slowing economic growth and increasing inequality in the region, the Worl...

Inflation rises to 5.54pc in August

Inflation rises to 5.54pc in August

FHM HUMAYAN KABIR 2021-09-29 09:13:35

The rate of point-to-point inflation increased to 5.54 per cent last month (August) due to significant price escalation of some non-food items, according to official data. The Bangladesh Bureau of...

Bangladesh sees low crop yields from costlier farming due to erratic weather

Bangladesh sees low crop yields from costlier farming due to erratic weather

JASIM UDDIN HAROON 2021-09-29 08:13:04

Bizarrely 'erratic behaviour' of the weather for the global climate change is impacting Bangladesh's agriculture adversely as the country begins to reap low crop yields from costlier farming. Other c...

UNCTAD praises growth but sees wide inequality

UNCTAD praises growth but sees wide inequality

FE REPORT 2021-09-28 15:03:35

Bangladesh has recorded sustained growth over the decades following restructuring but the structure of the country's economy remains concentrated on a few sectors and products that may prove counterpr...

Bangladesh, six other LDCs are ‘catching up’ global average growth

Bangladesh, six other LDCs are ‘catching up’ global average growth

FE ONLINE REPORT 2021-09-27 23:06:05

Bangladesh is one of the seven Least Developed Countries (LDCs) ‘catching up’ in last 50 years, since the establishment of the category by the United Nations (UN) in 1971, according to the...

UNCTAD to release new LDC report today

UNCTAD to release new LDC report today

FE ONLINE REPORT  2021-09-27 16:29:38

United Nations Conference on Trade and Development (UNCTAD) is going to release the Least Developed Countries Report 2021 today (Monday) afternoon from Geneva. The report is the 25th version of th...

BB issues notice on savings certificate interest cuts

BB issues notice on savings certificate interest cuts

-- 2021-09-26 19:43:59

Bangladesh Bank (BB) has notified the banks about cuts in interests for people investing more than Tk 1.5 million in six types of savings certificates. These investors will earn less from their savin...

‘Govt wants e-commerce sector to run in a more disciplined way’

‘Govt wants e-commerce sector to run in a more disciplined way’

FE ONLINE DESK 2021-09-26 18:53:15

Commerce Minister Tipu Munshi said the government wants the e-commerce sector would to run in a more disciplined way shrugging off recent anomalies by some companies. “The e-commerce sector gai...

DCCI's International Investment Summit begins on October 26

DCCI's International Investment Summit begins on October 26

FE REPORT 2021-09-26 08:55:02

To attract investments from six continents, a week-long International Investment Summit will begin on October 26, where the country will be promoted as an attractive trading destination to global bu...

ADB approves $250m policy-based loan for Bangladesh CMSMEs

ADB approves $250m policy-based loan for Bangladesh CMSMEs

FE ONLINE REPORT 2021-09-25 17:01:10

The Asian Development Bank (ADB) on Saturday approved a $250 million policy-based loan to support Bangladesh’s economic recovery following the COVID-19 pandemic. The Board of Directors of the M...

Bangladesh’s development plan to address Covid-19 consequences: Official

Bangladesh’s development plan to address Covid-19 consequences: Official

FE ONLINE REPORT 2021-09-25 15:16:57

The country’s long-term development plan needs to include measures to remedy the consequences of the Covid-19 pandemic, a Planning Commission Member has acknowledged. Nasima Begum also told a w...

Stimulus: boon to midsize units, bane for minors

Stimulus: boon to midsize units, bane for minors

JASIM UDDIN HAROON 2021-09-25 08:28:09

Loan disbursement from the stimulus package dedicated to cottage, micro, small and medium enterprises was far below the mark, but, yet, midsize ones made the most out of it for their closer kinship...

China declares all cryptocurrency transactions illegal

China declares all cryptocurrency transactions illegal

-- 2021-09-24 19:05:56

China's central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Chinese banks were ba...