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The Financial Express

Search results for: Economy

Improving manufacturing sector’s productivity crucial for Bangladesh to boost export: World Bank

Improving manufacturing sector’s productivity crucial for Bangladesh to boost export: World Bank

-- 2021-06-24 17:48:46

To boost export growth and help the economy rebound from the COVID 19 pandemic impacts, improving the manufacturing sector’s productivity will be crucial for Bangladesh, says a new World Bank re...

41.0m people worldwide at imminent risk of famine, WFP warns

41.0m people worldwide at imminent risk of famine, WFP warns

-- 2021-06-23 16:42:49

Some 41 million people worldwide are at imminent risk of famine, the United Nations World Food Programme (WFP) warned on Tuesday, saying soaring prices for basic foods were compounding existing pressu...

Stronger private sector critical for Bangladesh to realise its economic potential: Report

Stronger private sector critical for Bangladesh to realise its economic potential: Report

FE Online Desk 2021-06-23 14:45:32

Bangladesh needs to embark on a new round of reforms to strengthen and modernise the private sector in a bid to unleash the country’s potential to drive diversified, export-led growth and create...

World Bank lowers Malaysia's growth forecast to 4.5pc

World Bank lowers Malaysia's growth forecast to 4.5pc

-- 2021-06-23 14:32:57

The World Bank has revised down Malaysia's growth projection this year to 4.5 per cent from 6.0 per cent earlier, as the ongoing pandemic and movement restrictions will affect Malaysia's economy in th...

Bangladesh to receive $940m ADB loan to bankroll jab purchase

Bangladesh to receive $940m ADB loan to bankroll jab purchase

FE REPORT 2021-06-23 08:39:06

The Asian Development Bank (ADB) will provide Bangladesh with US$940 million for purchasing safe and effective vaccines against the coronavirus disease (COVID-19). The ADB Board gave the approval to...

Institutional structure necessary to protect char people, Atiur says

Institutional structure necessary to protect char people, Atiur says

-- 2021-06-22 19:15:36

Former governor of Bangladesh Bank and National Char Alliance President Dr. Atiur Rahman has urged the policymakers to take an effective initiative for building an institutional structure for the peop...

ACCA revisits its ‘12 Tenets of Tax’

ACCA revisits its ‘12 Tenets of Tax’

-- 2021-06-22 18:57:20

ACCA believes that a clear exposition of what makes an efficient and just tax system in the 21st century is essential. As tax rises up the political agenda, ACCA revisits its ‘12 Tenets of Tax&r...

Outward FDI from Bangladesh drops further in 2020

Outward FDI from Bangladesh drops further in 2020

FE Online Report 2021-06-22 15:23:48

Net outflow of foreign direct investment (FDI) from Bangladesh declined further in 2020, according to World Investment Report (WIR) 2021. Released by the United Nations Conference on Trade and Develo...

How India’s economy lost its shine in seven years of Modi govt

How India’s economy lost its shine in seven years of Modi govt

-- 2021-06-22 13:08:54

Narendra Modi stormed India's political stage with grand promises - of more jobs, prosperity and less red tape. His thumping mandate - in 2014 and again in 2019 - raised hopes of big bang reforms...

Cash margin mandatory for issuance of bank guarantee for external loans

Cash margin mandatory for issuance of bank guarantee for external loans

FE REPORT 2021-06-22 10:12:33

The central bank has tightened its policy by imposing a minimum 5.0 per cent cash margin for issuance of bank guarantees against term loans from overseas sources to mitigate the risks involved, offici...

Hitting revenue target key challenge: PRI-MCCI webinar

Hitting revenue target key challenge: PRI-MCCI webinar

FE REPORT 2021-06-22 09:53:34

Although the FY2021-22 budget favours businesses, its implementation will be the key challenge, thanks to an uncertainty over meeting the revenue realisation target. It will be tough for the governme...

Israel allows agricultural, textile exports from Gaza

Israel allows agricultural, textile exports from Gaza

-- 2021-06-21 15:33:55

Israel allowed a limited resumption of commercial exports from the Gaza Strip on Monday in what it called a "conditional" measure one month after a truce halted 11 days of fighting with the Palestinia...

Recovery of FDI inflow in Bangladesh will be delayed, says UNCTAD

Recovery of FDI inflow in Bangladesh will be delayed, says UNCTAD

FE Online Report 2021-06-21 12:00:56

After the two consecutive years of decline in the inflows of foreign direct investment (FDI) in Bangladesh, the recovery is likely to take more time. World Investment Report (WIR) 2021, released by t...

Global FDI plunges by 35 pc due to pandemic

Global FDI plunges by 35 pc due to pandemic

ASJADUL KIBRIA 2021-06-21 11:00:11

Covid-19 has taken a heavy toll on the global foreign direct investment (FDI) flows which dropped by 35 per cent in the last year. As a result, global FDI came down to below US$ 1.0 trillion level aft...

'Investments, jobs key to economic recovery'

'Investments, jobs key to economic recovery'

FE REPORT 2021-06-21 10:49:31

Increasing investment, sustaining domestic demand, and creating employment in the coming days are vital for the economic recovery of the country that should pay special attention to the small and me...

Dhaka halves project cost to access Chinese loan

Dhaka halves project cost to access Chinese loan

MIR MOSTAFIZUR RAHAMAN 2021-06-21 10:09:43

The government has halved the commercial contract value of the project titled 'Establishing Digital Connectivity' to US$ 473 million from $ 984.70 million, apparently to ensure easy access to Chinese...

Activists call for mapping out green growth model for sustainable development

Activists call for mapping out green growth model for sustainable development

FE REPORT 2021-06-21 10:02:15

Speakers at a webinar on Sunday said the country needed a right kind of green growth model for its successful transition to sustainable development from a polluting one. The model should be formulate...

UNCTAD to release global FDI report today

UNCTAD to release global FDI report today

FE Online Report 2021-06-21 08:36:50

The United Nations Conference on Trade and Development (UNCTAD) will release its annual report on global foreign direct investment (FDI) on Monday (June 21). UNCTAD’s World Investment Report (W...

Experts for raising hygiene allocation in FY22 budget to fight Covid

Experts for raising hygiene allocation in FY22 budget to fight Covid

FE ONLINE REPORT 2021-06-20 19:52:23

Experts urged the government to raise the allocation on hygiene in the proposed national budget for 2021-22 fiscal year (FY22) as a key priority to fight Covid-19 and keep the progress to meet SDG goa...

Covid fallout may further weaken democracy in South Asia, says Indian economist Nayyar

Covid fallout may further weaken democracy in South Asia, says Indian economist Nayyar

FE Report 2021-06-20 08:46:53

The fallout from Covid may further weaken the democracy in South Asian region as the political governments there have been inclined to undermine the democratic practices, Professor Deepak Nayyar, a pr...

Govt seeks higher growth for lower poverty, says budget document

Govt seeks higher growth for lower poverty, says budget document

UNB 2021-06-19 20:02:12

A higher economic growth remains on top of the government's agenda for reducing poverty and inequalities that will lead to improved living standard of low-income people, according to a document in the...

Weak execution capacity creates corruption: SANEM conference

Weak execution capacity creates corruption: SANEM conference

FE REPORT 2021-06-19 11:53:08

The policies, rules and laws formulated through replicating the best practices create the scope of corruption in developing countries due to the weak implementation capacity of institutions, an econom...

$250m ADB loan for safety-net overhaul

$250m ADB loan for safety-net overhaul

FE REPORT 2021-06-19 09:02:21

The Asian Development Bank (ADB) would provide US$250 million policy-based loan to Bangladesh for facilitating reforms in improving social safety-net programmes amid the Covid-19 pandemic. The Board...

European Union inflation rises to 2.3pc in May

European Union inflation rises to 2.3pc in May

-- 2021-06-18 11:42:19

Annual inflation in the European Union (EU) continued to rise in May, reaching 2.3 per cent, up from 2.0 per cent in April, according to final data issued by the EU's statistical office, Eurostat, on...

Bangladesh-linked money in Swiss banks falls

Bangladesh-linked money in Swiss banks falls

ASJADUL KIBRIA 2021-06-18 08:25:56

Deposits in Swiss banks by Bangladeshi nationals and entities declined by 8.23 per cent to CHF (Swiss Franc) 562.86 million in 2020, according to latest data. The Bangladesh-linked money, considered...

Bangladesh urges IORA member states to enhance economic cooperation

Bangladesh urges IORA member states to enhance economic cooperation

UNB 2021-06-17 19:51:36

Bangladesh has urged the member states and dialogue partners of the Indian Ocean Rim Association (IORA) to formulate and implement projects for economic cooperation relating to trade facilitation and...

Singapore's non-oil domestic exports grow 8.8pc in May

Singapore's non-oil domestic exports grow 8.8pc in May

-- 2021-06-17 12:23:31

Singapore's non-oil domestic exports (NODX) grew by 8.8 per cent year on year in May, compared to the 6.0 per cent rise in April, according to Enterprise Singapore, a government agency, on Thursday....

SoCBs widen sector's Q1 provisioning shortfall

SoCBs widen sector's Q1 provisioning shortfall

Siddique Islam 2021-06-17 08:48:09

The provisioning shortfall against their loans in the country's banking system swelled in the first quarter (Q1) of current calendar year despite the fact loan classification has been on a relaxed m...

Bangladesh economy faces a fresh blow: MCCI

Bangladesh economy faces a fresh blow: MCCI

FE REPORT 2021-06-17 08:37:30

Bangladesh's economy is facing yet another blow due to the resurgence of Covid-19, the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has said. The economy showed signs of recovery in...

Minister Kamal sees two reasons behind money laundering

Minister Kamal sees two reasons behind money laundering

FE REPORT 2021-06-17 08:31:54

Finance Minister A H M Mustafa Kamal said on Wednesday some people launder money out of excessive greed for wealth, whereas some others are criminal by nature who indulge themselves in such offences...