Search results for: Economy

Bangladesh's business recovery hurt by 2nd wave lockdown

FE REPORT 2021-08-29 09:04:22

The lockdown enforced to control the second wave of coronavirus transmission has slowed down the business-recovery process in Bangladesh as 64 per cent of the firms registered poor rebound from the pa...

Safety net payout thru’ MFS eases life, improves efficiency

FE REPORT 2021-08-29 08:57:45

Digitisation of the government aid and safety net allowance disbursement is directly helping in attaining social and financial inclusion of the marginalised people across the country. This digitisa...

Bangladesh in a geopolitical juncture with promises of blue economy: Analysts

FE ONLINE REPORT 2021-08-28 19:40:25

In the potential hotspot of great power rivalry and amid threats of civil war in the neighbourhood, Bangladesh needs to formulate a package of policies for pursuing economic interests utilising its se...

Govt mulls a watchdog for defaulting loans

-- 2021-08-28 18:59:25

The government is mulling the formation of a watchdog that would deal with the systematic problems of non-performing loans that have troubled some banks and financial institutions over the years, acco...

MCCI foresees higher export receipts, remittance inflow

FE REPORT 2021-08-28 10:50:13

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) forecasts an upturn in export receipts, import values and inward remittance at the end of the first quarter of this fiscal. According t...

'Policy shift under way to ease global trade'

FE REPORT 2021-08-28 10:08:45

In the wake of the Covid-19 pandemic, policy changes are taking place across the world in recent times to facilitate international trade. Keeping this in mind, stakeholders, especially bankers, shoul...

Lacklustre economic indicators weaken fiscal framework

FE REPORT 2021-08-28 10:02:47

Bangladesh's premier trade chamber, MCCI, finds some less-promising economic indicators-revenue mobilisaiton and public expenditure in particular-are weakening the country's fiscal framework. The Met...

Central bank further relaxes loan repayment policy

Siddique Islam 2021-08-28 09:42:10

The central bank has further extended the policy relaxation regarding loan repayment to the scheduled banks by their borrowers to help recover the country's pandemic-hit economy, officials said. Unde...

Bangladesh's tax receipts from large units plummet in July

DOULOT AKTER MALA 2021-08-28 09:41:04

Tax collection from Bangladesh's large manufacturing industries plummeted, registering a negative growth in VAT receipts in July, as a countrywide 'strict lockdown' for 18 days for checking corona tra...

ADB clears $1.78 billion in loans to improve transport, trade in Bangladesh

-- 2021-08-27 14:46:33

The Asian Development Bank has approved a $1.78 billion multi-tranche financing facility (MFF) to improve mobility, road safety, and regional trade along the Dhaka–Sylhet trade corridor in Bangl...

Action plan agreed upon to speed up execution of ADB-funded projects

FE REPORT 2021-08-27 08:55:37

The government and the Asian Development Bank (ADB), in a tripartite portfolio review meeting (TPRM) on Thursday, agreed on an action plan to further accelerate the implementation of the ADB-assiste...

Association, tax intel punish errant e-commerce companies

DOULOT AKTER MALA 2021-08-27 08:43:49

A series of anomalies has finally prompted the e-commerce apex trade body to penalize their errant members, as some buyers complained being cheated and tax intelligence found VAT evasion by a few....

IMF dollop of SDR to ease Bangladesh funding unease

FE REPORT 2021-08-27 08:25:02

The allocation of Special Drawing Right (SDR), an official currency of the International Monetary Fund, will ease many challenging funding conditions for Bangladesh, some economists say about a $650...

South Korea becomes first major Asian economy to raise interest rates in pandemic-era

-- 2021-08-26 14:45:59

South Korea has become the first major Asian economy to raise interest rates since the coronavirus pandemic began. The Bank of Korea increased its base rate of interest from a record low of 0...

Singapore factory output growth eases to 16.3pc in July

-- 2021-08-26 13:52:29

Singapore's manufacturing output grew 16.3 per cent year on year in July, compared to the revised 28 per cent increase in the previous month, the Singapore Economic Development Board has said. Exclud...

Adoption of new tech crucial for food safety

FE REPORT 2021-08-26 08:56:05

Modernisation of supply chain and adoption of new technologies, including digital commerce and farm mechanisation, are vital for ensuring food safety and smooth distribution during different adverse s...

Banks to submit monthly VAT info of Google, Facebook, Amazon, Microsoft

FE REPORT 2021-08-26 08:45:52

The central bank has asked scheduled banks to submit statements of value-added tax (VAT) deducted from services rendered by non-resident taxpayers such as Google, Facebook, Amazon, and Microsoft. T...

Bangladesh Bank starts money market probe to guard against asset bubble

SIDDIQUE ISLAM 2021-08-26 08:34:41

The central bank starts investigation into entire money-market transactions along with exposures on the capital market to gauge liquidity movements in the banking system, following some already-dete...

Central bank urged not to allow direct payment into e-commerce accounts

FE REPORT 2021-08-26 08:29:37

The commerce ministry has asked the central bank to instruct commercial banks not to receive direct deposit of any payment into ‘own bank accounts’ of e-commerce platforms from the custome...

Grameen America: Microfinancing Having a Macroeconomic Impact - An Interview with Andrea Jung  

-- 2021-08-25 18:55:00

Andrea Jung is the President and CEO of Grameen America. She is the former Chairman and CEO of Avon Products, Inc., where she served as CEO from 1999 to 2012, and as Chairman from 2001 through 2012....

World Bank suspends financial support to Afghanistan after Taliban takeover

-- 2021-08-25 12:43:21

The World Bank has halted funding for projects in Afghanistan after the Taliban seized control of the country. It cited concerns over how the Taliban's takeover will impact "the country's develop...

Bank borrowing thru bills, bonds halted to address cash management concern

SIDDIQUE ISLAM 2021-08-25 08:35:25

Cash management is cited as prime concern as the government suspends its bank borrowing through cancelling auctions of both treasury bills or T-bills and bonds until August 31 amid swelling public c...

Asia's economic recovery uncertain

-- 2021-08-24 17:21:20

Asia's robust economic recovery from last year's coronavirus low is losing momentum as a surge in COVID-19 cases sees shops empty again and factories close, dimming prospects for corporate profit grow...

$51 billion in foreign aid still remains stuck in the pipeline

-- 2021-08-24 12:28:21

A significant part of the foreign funds committed to Bangladesh by different countries and development partners for implementing development projects has got stuck in the pipeline, bdnews24.com report...

Pandemic threatens to derail Asia-Pacific's progress on global development goals, ADB says

-- 2021-08-24 10:07:26

The coronavirus pandemic may have pushed as many as 80 million people in developing Asia into extreme poverty last year, threatening to derail progress on global goals to tackle poverty and hunger by...

Tk 2.0b from stimulus for SMEs released

FE REPORT 2021-08-24 08:45:11

The Finance Division has released another Tk 2.0 billion from the stimulus package for the SME Foundation for distribution after its successful disbursement from the package among Covid-hit entrepre...

Bangladesh won't give duty concession on third country invoicing

DOULOT AKTER MALA 2021-08-24 08:37:12

Bangladesh will not allow concessionary duty benefit under the South Asian Free Trade Area (SAFTA) treaty in case of documentation completed in a non-member SAARC country. Officials said the restrict...

Bangladeshi Taka loses value against US dollar

SIDDIQUE ISLAM 2021-08-24 08:23:26

The exchange rate of Bangladesh currency depreciated significantly against the US dollar in the last couple of days mainly as higher demand for the greenback for settling import-payment obligations...

Bangladesh Bank approves two more refinancing schemes

FE REPORT 2021-08-24 08:17:21

Two refinancing schemes worth Tk 35 billion are being launched to help out Covid-hit agriculture and tourism sectors under government stimulus packages, officials said. Two proposals to this effect w...

$650b reserves distribution is 'shot in arm' for global economy, says IMF

-- 2021-08-23 20:43:58

The IMF will distribute about $650 billion in new Special Drawing Rights to its members on Monday, providing a "significant shot in the arm" for global efforts to combat the COVID-19 pandemic, Managin...