Loading...
The Financial Express

Search results for: Economy

Vaccine institute in Bangladesh can be gamechanger for its economy, say experts

Vaccine institute in Bangladesh can be gamechanger for its economy, say experts

UNB 2021-07-15 19:12:49

As the government has planned to establish a vaccine institute, experts have appreciated it as a timely and bold move as they think Bangladesh has huge potential to grab the international vaccine mark...

Target setting for new CMSMEs' package revised

Target setting for new CMSMEs' package revised

SIDDIQUE ISLAM 2021-07-15 08:39:56

The stimulus package for the cottage, micro, small and medium enterprises (CMSMEs) has entered into its second phase with amending the target fixation method, officials said. Under the revised form...

Bangladesh Bank asks banks to take safeguards for export trade

Bangladesh Bank asks banks to take safeguards for export trade

FE REPORT 2021-07-14 09:00:11

The central bank has issued a guideline note asking authorized dealer (AD) banks to take appropriate safeguards for export trade, officials concerned said. The AD banks have been reminded about the...

‘Govt to provide financial support to ensure compliance in industries’

‘Govt to provide financial support to ensure compliance in industries’

UNB 2021-07-13 22:47:52

Prime Minister's Private Industry and Investment Affairs Adviser Salman F Rahman on Tuesday said like Accord and Alliance in the RMG sector, a body would be formed for the domestic industries to ensur...

PM announces five new stimulus packages worth Tk 32.0b

PM announces five new stimulus packages worth Tk 32.0b

-- 2021-07-13 16:11:11

Prime Minister Sheikh Hasina has announced five new financial packages amounting to Tk 32 billion to help low-income groups. The incentive packages are aimed at helping the people affected by lockdow...

Tk 400b stimulus enters 2nd phase, foreign companies included

Tk 400b stimulus enters 2nd phase, foreign companies included

SIDDIQUE ISLAM 2021-07-13 08:41:25

Implementation process of the second phase of the stimulus package worth Tk 400 billion for large industries and service sector business entities has started with the inclusion of foreign-owned comp...

World hunger, malnutrition levels worsen dramatically: UN report

World hunger, malnutrition levels worsen dramatically: UN report

REUTERS 2021-07-12 20:03:00

World hunger and malnutrition levels worsened dramatically last year, with most of the increase likely due to the COVID-19 pandemic, according to a multi-agency United Nations (UN) report published on...

Govt stipend that brings relief to millions

Govt stipend that brings relief to millions

-- 2021-07-12 15:48:31

Despite the onslaught of Covid-19 and subsequent lockdowns, 10 million families across the country have had a little relief receiving the full stipend of primary school education for the fiscal year o...

Rationalised land price for light engineering sector suggested

Rationalised land price for light engineering sector suggested

FE DESK REPORT 2021-07-12 10:12:20

Policy reforms, aligned polices with the WTO directives, fiscal and non-fiscal benefits and domestic measures are key to overcome the challenges of LDC graduation for Bangladesh, speakers said in a di...

Interest rate spread widens in May

Interest rate spread widens in May

Siddique Islam 2021-07-12 08:49:54

The interest rate spread widened significantly in May, 2021 as the banks cut their deposit rates further while lending rates remained unchanged, bankers have said. The weighted average spread betwe...

Bangladesh’s impressive development did not benefit everyone equally

Bangladesh’s impressive development did not benefit everyone equally

-- 2021-07-11 19:51:48

Bangladesh’s journey in the post-independence period was tough. Bangladesh inherited a war-hit poor economy in 1971. Despite limited resources, Bangladesh has made spectacular economic progress...

Government set to release final draft policy on investing abroad

Government set to release final draft policy on investing abroad

FE Online Report 2021-07-11 19:37:33

The government is set to release a final draft policy titled ‘Bangladeshis Investment Policy Abroad-2021’ soon to allow the country’s investors to invest in other countries. To this...

Bangladesh reports 53 more dengue cases in 24 hours

Bangladesh reports 53 more dengue cases in 24 hours

-- 2021-07-11 18:17:41

Authorities reported 53 more dengue cases in 24 hours until Sunday morning even if anti-mosquito drives continues in the capital city. The recent spike in dengue cases has added to the worries as the...

Dhaka needs to scale up efforts for retaining pharma waiver beyond LDC era

Dhaka needs to scale up efforts for retaining pharma waiver beyond LDC era

FE REPORT 2021-07-11 10:17:46

Bangladesh needs to boost its negotiating and political efforts in Dhaka and other capitals to enjoy waiver on pharmaceuticals for least-developed countries (LDCs) for an indefinite period beyond gr...

Embed IP right in LDC graduation strategy, suggests Debarpiya

Embed IP right in LDC graduation strategy, suggests Debarpiya

FE ONLINE REPORT 2021-07-10 13:01:51

Bangladesh has to get out of its one-sided approach to design and focus on the strategy to make the transition from the Least Developed Countries (LDC) category by 2026, cautioned a leading economist...

Hunger kills 11, COVID-19 kills 7 per minute, Oxfam report says

Hunger kills 11, COVID-19 kills 7 per minute, Oxfam report says

-- 2021-07-09 18:48:33

Eleven people die every minute of hunger, according to a new report by Oxfam, which also found the number of those facing famine-like conditions globally has increased by six times over the past year....

US set to add more Chinese companies to economic blacklist

US set to add more Chinese companies to economic blacklist

Reuters 2021-07-09 14:53:33

The Biden administration is set as early as Friday to add at least 10 more Chinese companies and other entities to its economic blacklist over alleged human rights abuses and high-tech surveillance in...

Black money crosses Tk 10 trillion in FY21

Black money crosses Tk 10 trillion in FY21

FE ONLINE REPORT 2021-07-09 12:45:05

The estimated amount of black money in Bangladesh stood at Tk 10.18 trillion in the immediate past fiscal year (FY21). The amount of black money is calculated following a formula provided by a numbe...

Private credit growth falls remarkably amid second wave of Covid

Private credit growth falls remarkably amid second wave of Covid

SIDDIQUE ISLAM 2021-07-09 08:36:52

Private-sector credit growth dropped significantly in May mainly due to the ongoing second wave of the Covid-19 pandemic in Bangladesh, according to bankers. Credit flow fell to 7.55 per cent in Ma...

Disrupted food systems in South Asia led to resilience building policies   

Disrupted food systems in South Asia led to resilience building policies  

UNB 2021-07-08 18:17:29

The severe health and economic impacts of the COVID-19 pandemic have disrupted food systems and upended livelihoods in South Asia, but it has also led to policies aimed at building resilient food syst...

Vaccination leads to faster than expected EU economic recovery

Vaccination leads to faster than expected EU economic recovery

-- 2021-07-08 15:03:25

The European economy is recovering better than previously expected, thanks to the roll-out of vaccination campaigns and effective containment measures, said European Commissioner for Economy Paolo Gen...

Indian tycoons face off in race to green energy domination

Indian tycoons face off in race to green energy domination

Reuters 2021-07-08 14:19:00

Indian tycoon Mukesh Ambani's $10 billion entry into renewable energy could drive solar tariffs further to the ground and ignite bidding wars with fellow billionaire Gautam Adani, industry analysts sa...

Bangladeshi poor bear over 12pc burden of VAT: Study

Bangladeshi poor bear over 12pc burden of VAT: Study

FE REPORT 2021-07-08 08:33:32

Value-added tax (VAT) is an injustice for the poor in Bangladesh as they have to shoulder the burden of 12.1 per cent of the regressive tax on their income. A study styled 'Aid to Pro-poor Domestic R...

Indonesia's forex reserves climb to $137.1 billion in June

Indonesia's forex reserves climb to $137.1 billion in June

-- 2021-07-07 12:35:29

Indonesia's foreign exchange reverses rose slightly to 137.1 billion US dollars in June following the issuance of the Government Global Sukuk and tax and services receipts, Executive Director of the C...

Record amount of illicit money legalised

Record amount of illicit money legalised

DOULOT AKTER MALA 2021-07-07 08:31:04

A total of 11,859 people whitened their black money worth Tk 206 billion under a blanket opportunity in the just concluded fiscal year (FY). It is the highest amount of undisclosed money legalised si...

Bangladesh prepares to face challenges after transition from LDC

Bangladesh prepares to face challenges after transition from LDC

-- 2021-07-06 18:57:06

Bangladesh is focusing on bilateral free and preferential trade deals as a strategy to overcome the possible losses of global trade concessions after its graduation to a developing economy. Studies o...

Rural India sinks deeper into debt as pandemic wipes out work

Rural India sinks deeper into debt as pandemic wipes out work

REUTERS 2021-07-06 12:54:01

Asha Devi doesn't remember how many meals she has skipped as she struggles to feed her family of seven in a remote corner of northern India where the novel coronavirus is compounding old problems of r...

Bangladesh sets $51 billion export target for FY 2021-22

Bangladesh sets $51 billion export target for FY 2021-22

FE ONLINE REPORT 2021-07-06 12:21:52

The government has announced an export earnings target of US$ 51 billion projecting a 12.37 per cent year-on-year growth for the fiscal year of 2021-22. Of the target, US$ 43.50 billion will come fro...

Trade deficit to cross $20 billion in FY21

Trade deficit to cross $20 billion in FY21

FE Online Report 2021-07-06 08:24:32

The country’s merchandise trade deficit with the rest of the world is set to cross $20 billion in the immediate past fiscal year (FY21) as the deficit already stood at $19.84 billion in the July...

'Hard' lockdown hits hard the Bangladesh poor

'Hard' lockdown hits hard the Bangladesh poor

Jubair Hasan and Talha Bin Habib 2021-07-06 08:13:17

The ongoing hard lockdown, which is seen essential to contain both Covid fatalities and infections, has again hit the poor and low-income people hard. In fact, the restrictions on movement of people...