Search results for: Economy

NID services to be provided from Home Ministry

-- 2021-06-02 16:41:12

All the activities relating to National Identity (NID) cards will be provided from the Home Ministry within the next two months. Liberation War Affairs Minister AK Mozammel Haque came up with the ann...

Eurozone inflation rate rises to 2pc in May

-- 2021-06-02 14:52:29

The Eurozone inflation rate continued to rise in May as the Harmonised Index of Consumer Prices (HICP) reads at two per cent year on year, according to preliminary estimates from Eurostat on Tuesday....

Initiative taken to devise strategy to cushion shocks to export

REZAUL KARIM 2021-06-02 10:26:12

The government has taken an initiative to devise a strategy to cushion possible external shocks to the country's export trade, officials said. While working out the strategy, they said, the governmen...

Give priority to people's welfare in budget: BEA

FE REPORT 2021-06-02 09:49:36

Bangladesh Economic Association (BEA) on Tuesday placed an alternative national budget of Tk 17.39 trillion, which is 68.4 per cent of the country's GDP, for the fiscal year (FY) 2021-22. The platfor...

Inward remittances soar 39pc in first 11 months

SIDDIQUE ISLAM 2021-06-02 09:23:32

The inflow of remittances reached nearly US$ 23 billion in the first 11 months of the current fiscal year (FY), registering an increase of more than 39 per cent despite the Covid-19 pandemic, official...

FM, his Australian counterpart discuss progress on TIFA

-- 2021-06-01 21:57:09

Bangladesh and Australia are in discussion to sign a Trade and Investment Framework Agreement (TIFA) as the two countries want to take the relations to a new height shifting from development assistanc...

Sri Lanka's headline inflation increases to 4.5pc in May

-- 2021-06-01 16:06:30

Sri Lanka's year-on-year headline inflation, as measured by the Colombo Consumer Price Index (CCPI), rose to 4.5 per cent in the month of May, local media reported here Tuesday. Data from the Central...

Bangladesh set to miss revenue target, thanks to pandemic impact

DOULOT AKTER MALA 2021-06-01 08:47:50

The revenue board is almost certain that the revenue receipt during the outgoing fiscal year (FY) will fall far short of the revised target because of the pandemic effect. The National Board of Reven...

Institutional weakness blunts Covid response: CPD

FE REPORT 2021-06-01 08:41:26

The government's efforts to mitigate public sufferings and overcome the adverse impacts of coronavirus on the economy have been marred by institutional weaknesses and inability to implement its reform...

‘Budget must focus more on protecting jobs, less on GDP growth’

-- 2021-05-31 20:06:00

The national budget for fiscal year 2021-22 (FY22) should focus more on equity, redistributive justice, protecting jobs and saving lives, and less on economic growth, according to the Centre for Polic...

Focus on equity & redistribution in budget, argues CPD

FE ONLINE REPORT 2021-05-31 13:46:48

The national budget for the fiscal year 2021-22 (FY22) needs to focus more on equity and redistributive justice as well as protecting jobs and saving lives, argues a leading think-tank of the country...

Vietnam posts trade deficit in five months

-- 2021-05-31 11:11:10

Vietnam posted an estimated two-way trade value of 262.25 billion US dollars in the first five months of this year, up 33.5 per cent year on year, with a trade deficit of $369 million, according to th...

Bangladesh to earmark Tk 100b in budget to pay interest subsidy

FE REPORT 2021-05-31 08:53:45

The government will set aside some Tk 100 billion in the budget for next fiscal year (FY), 2021-22, to provide subsidy against interest of the 23 Covid-linked incentive packages, officials said. Such...

Sanem conference focusses  policy reforms to boost private sector investment

UNB 2021-05-30 22:40:15

Economists at a webinar on Sunday urged the government to focus on policy reforms to boost private sector investment which is essential to stimulate the post-COVID recovery process. They also remarke...

OKUP demands budget allocation equivalent to 10pc of remittances

FE REPORT 2021-05-30 09:07:33

Ovibashi Karmi Unnayan Programme (OKUP) has demanded allocation equivalent to 10 per cent of total remittances, sent by migrant workers annually, in the upcoming national budget for ensuring the welfa...

Fiscal steps likely to make contractors tax-compliant

DOULOT AKTER MALA 2021-05-30 08:53:10

The government is likely to impose fiscal measures in the upcoming budget that is expected to compel the contractors to become tax-compliant in case of realizing their bills, sources said. The contra...

Economists, businessmen for assessing pandemic effects, recasting taxation

FE REPORT 2021-05-30 08:35:49

Reforms in the taxation system, proper assessment of the pandemic impact on the economy and optimum utilisation of the stimulus packages remain key to making businesses competitive, stakeholders said...

‘Bangladesh is showcasing its economic rise’  

FE ONLINE REPORT 2021-05-29 20:39:47

“From providing India with Covid relief materials to extending financial help to Sri Lanka in its hour of crisis, Bangladesh has started to showcase its economic rise, ” wrote Indian digit...

Agriculture to get increased subsidy in the upcoming budget

UNB 2021-05-29 17:53:10

Government subsidies in the upcoming budget for the fiscal year 2021-22 is likely increase by Tk 100 billion with the agriculture sector slated to get the highest allocation, official sources said on...

Strong recovery of global trade in goods is there, says WTO

FE Online Desk 2021-05-29 11:33:04

After a steep but brief pandemic-induced decline in the second quarter of last year, global trade in goods is continuing to recover in the current year. The latest World Trade Organization (WTO) Goo...

Bangladesh's capital machinery imports record remarkable decline

FHM HUMAYAN KABIR 2021-05-29 09:26:11

The capital machinery import has declined notably in recent months, reflecting the negative impact the Covid-19 is having on the country's economy, analysts said on Friday. Statistics show the capita...

2nd wave of Covid may again widen budget deficit

JASIM UDDIN HAROON 2021-05-29 08:04:43

Budget deficit has shrunk to some extent in the first nine months of the current fiscal year to March 2021 mainly due to higher revenue receipts. Economists, however, foresee a reversal in the trend...

Kuakata under threat of losing tourism potential due to pollution, mismanagement

FE ONLINE REPORT 2021-05-28 18:13:19

One of the biggest tourist spots in the country is under threat of plastic and sound pollution due to uncontrolled tourism, according to a report by the Marine Journalists Network. At least 50,000-60...

Chinese companies focus on ASEAN countries for business growth: Report

FE REPORT 2021-05-28 13:51:27

Majority of Chinese companies are focusing on ASEAN (Association of Southeast Asian Nations) region countries for their business growth over the next 12 months. This was revealed by the Standard Char...

Pandemic toll on Indian economy deepens

Reuters 2021-05-28 11:57:58

India’s economic outlook has weakened again, albeit slightly, with worst-case scenario forecasts suggesting the toll from the coronavirus pandemic could be much deeper, stoking fears the job cri...

NBR to make fish farming less attractive for tax evaders!

DOULOT AKTER MALA 2021-05-27 09:07:56

The National Board of Revenue (NBR) is likely to impose a higher rate of tax on income from fish farming in the next budget if the earnings exceed a certain ceiling, officials said. The government is...

Bangladesh urged to sign FTA with Malaysia

FE REPORT 2021-05-27 09:03:09

Instead of sticking to the revenue loss issue, Dhaka should sign Free Trade Agreement (FTA) with Kuala Lumpur to attract investment, raise export and ensure jobs of Bangladeshis in Malaysia. This was...

Cap on cash transactions mobile financial services likely

DOULOT AKTER MALA 2021-05-27 08:40:31

The tax authority may impose a limit on cash transactions from merchant accounts through Mobile Financial Services (MFS) in the upcoming fiscal year (FY), sources said. The tax officials would not al...

Ministry proposes import tax on computer, laptop

ISMAIL HOSSAIN 2021-05-27 08:36:11

A ministry has proposed to impose 30-32 per cent tax on the import of computer and laptop to facilitate developing domestic industry, sources said. The Ministry of Telecommunication and ICT has put f...

Bangladesh's imports drop over 10pc in April

Siddique Islam 2021-05-27 08:27:18

Bangladesh's overall imports dropped by more than 10 per cent or US$509.03 million in April last mainly due to the second wave of the Covid-19 pandemic, bankers said. Settlement of letters of credit...