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The Financial Express

Search results for: Economy

Indian industry body urges curbs to economic activity to save lives

Indian industry body urges curbs to economic activity to save lives

Reuters 2021-05-03 10:56:57

A leading Indian industry body urged authorities to take the “strongest national steps” and to curtail economic activity to save lives on Sunday as the country battles surging coronavirus...

Remittance rules relaxed for e-CAB members

Remittance rules relaxed for e-CAB members

-- 2021-05-03 09:34:55

The central bank has allowed banks to provide remittance facilities to the e-commerce platforms for facilitating their activities in Bangladesh, officials said. All authorized dealer (AD) banks are n...

Bangladesh's business confidence shattered by Covid surge: Survey

Bangladesh's business confidence shattered by Covid surge: Survey

-- 2021-05-03 09:14:01

Industries are again worried about their future as business activities have slowed down in the second quarter of 2021 following a strong resurgence of the Covid-19, according to a survey. As per the...

68pc of businesses yet to receive any stimulus, says SANEM

68pc of businesses yet to receive any stimulus, says SANEM

UNB 2021-05-02 22:38:11

Insufficient allocation, lengthy procedure, difficulty in bank-related services, and lack of information about the procedure left 68 per cent of businesses unable to avail the government's stimulus pa...

Export earnings reach $3.13b in April

Export earnings reach $3.13b in April

FE Online Report 2021-05-02 20:50:45

The single month export earnings in April, 2021 grew by over 500 per cent to $3.13 billion mainly due to reopening of major importing countries’ economies that helped the recovery of readymade...

Remittance inflow witnesses 39pc growth in 10 months

Remittance inflow witnesses 39pc growth in 10 months

-- 2021-05-02 20:02:27

Expatriate Bangladeshis sent $20,672 million in remittance during the first 10 months of the current fiscal 2020- 21, which is apparently 39 per cent higher than the same period of the preceding year,...

India April trade deficit at $15.24 billion

India April trade deficit at $15.24 billion

REUTERS 2021-05-02 15:12:16

India’s trade deficit in goods was $15.24 billion in April, preliminary data released by the government on Sunday showed. Merchandise exports rose to $30.21 billion for the month from $10.17 bi...

Dhaka, Delhi need much stronger framework for future economic ties, says Debapriya

Dhaka, Delhi need much stronger framework for future economic ties, says Debapriya

-- 2021-05-01 17:24:29

Distinguished Fellow at the Centre for Policy Dialogue (CPD) Dr Debapriya Bhattacharya has said Bangladesh and India need a “much more robust framework” for their future economic relations...

Government unlikely to meet bank borrowing target this fiscal

Government unlikely to meet bank borrowing target this fiscal

SIDDIQUE ISLAM 2021-05-01 09:41:17

The government's bank borrowing target is unlikely to be achieved by the end of this fiscal year (FY) due to lower implementation of the annual development programme (ADP) caused by the ongoing Covid-...

Bangladesh's fiscal space, deficit set to take a hit

Bangladesh's fiscal space, deficit set to take a hit

JASIM UDDIN HAROON 2021-05-01 09:39:37

The ongoing 'lockdown', enforced to curb Covid infections and fatalities, is set to cut the country's economic growth prospects for the current financial year (FY 2020-21). The economy was in a recov...

'Bangladesh has to make doing business easy'

'Bangladesh has to make doing business easy'

OUR CORRESPOMDENT 2021-04-30 10:59:18

CHATTOGRAM: After its United Nations status graduation in 2026, Bangladesh may lose most of the preferential trade benefits from countries and blocs of its main export destinations if the South Asian...

Small businesses count on next budget to stay afloat

Small businesses count on next budget to stay afloat

-- 2021-04-29 15:29:28

Hit hard by the second wave of the Covid-19 pandemic, Bangladesh's small and medium enterprises (SMEs) are now pinning hopes on the upcoming budget to stay afloat. Not to mention that the survival of...

Govt’s 7.4pc growth projection ‘highly optimistic’, says CPD

Govt’s 7.4pc growth projection ‘highly optimistic’, says CPD

FE Online Report 2021-04-29 12:32:20

A leading think-tank today (Thursday) terms the government’s forecast that the country’s economy would grow by 7.40 per cent in the current fiscal year (FY21) ‘a highly optimistic pr...

22-member high powered body formed to tackle LDC graduation challenges

22-member high powered body formed to tackle LDC graduation challenges

FE REPORT 2021-04-29 10:49:54

The Prime Minister's Office (PMO) has formed a high-powered committee to find out the possible challenges of the country after graduating from the least developed country (LDC) in 2026 and overcome...

Tk 12.93b sought for paying tax for widening 54km road

Tk 12.93b sought for paying tax for widening 54km road

FHM HUMAYAN KABIR 2021-04-29 10:41:54

The Roads and Highways Department (RHD) has sought to spend Tk 12.93 billion as tax and VAT for widening a 54km road with support from the Indian Line of Credit (LoC) in eastern Bangladesh, insiders h...

GDP growth to pick up on stimulus, says ADB

GDP growth to pick up on stimulus, says ADB

-- 2021-04-28 14:11:43

Bangladesh, which weathered the pandemic better than most economies in South Asia, will continue to grow strongly as exports pick up. The country’s GDP growth is projected to accelerate 6.8 per...

Tax revenue soars 22.65pc in March

Tax revenue soars 22.65pc in March

DOULOT AKTER MALA 2021-04-28 09:54:15

Tax revenue collection in the month of March registered a hefty 22.65 per cent growth despite Covid-19 pandemic thanks to a surge in import of goods. According to data of the National Board of Revenu...

China's digital yuan expands from consumer payments to business scenarios

China's digital yuan expands from consumer payments to business scenarios

Global Times 2021-04-27 15:36:00

The application of China's Digital Currency Electronic Payment (DC/EP), also known as digital yuan, which has already been on a fast development track since last year, is taking another critical step...

Pandemic-induced boom in e-commerce adds jobs in Bangladesh

Pandemic-induced boom in e-commerce adds jobs in Bangladesh

-- 2021-04-27 11:14:57

A boost in e-commerce business fuelled by the trend of staying home amid the coronavirus pandemic has generated jobs in the sector while other areas of the economy are struggling to cope up with the s...

Banks can form start-up fund with 1.0pc of net profits

Banks can form start-up fund with 1.0pc of net profits

SIDDIQUE ISLAM 2021-04-27 09:32:43

The central bank has amended its policy allowing all banks to form their own start-up fund with 1.0 per cent of net profits instead of operating ones earlier, officials said. To provide start-up entr...

Prospect of hitting boro rice purchase target remains clouded

Prospect of hitting boro rice purchase target remains clouded

TALHA BIN HABIB AND YASIR WARDAD 2021-04-27 09:28:13

The government's target to procure 1.8-million tonnes of Boro rice this year may not be achieved as the millers find the prices offered unattractive. On Monday, food minister Shadhan Chandra Majumder...

Yields on treasury bills drop

Yields on treasury bills drop

SIDDIQUE ISLAM 2021-04-26 10:29:41

The yield on treasury bills (T-bills) dropped further on Sunday as the commercial banks having excess liquidity rushed to offer bids in the auction due to the ongoing lockdown, bankers said. The cut-...

12m families to get Tk 5.74b from government

12m families to get Tk 5.74b from government

FE REPORT 2021-04-26 10:28:45

A total of over 12 million families would be benefited from the government's financial allocation of over Tk 5.74 billion during the Covid-19 pandemic, said the State Minister for Disaster Management...

Nikkei Asia praises Bangladesh's growth, govt efforts during pandemic

Nikkei Asia praises Bangladesh's growth, govt efforts during pandemic

UNB 2021-04-25 21:35:07

Nikkei Asia, in its recent article, praised Bangladesh's growth describing how the economy has boomed and exports soared. The article also described how Bangladesh's economy has even exhibited resili...

Pandemic hits hard Bangladesh's aquaculture sector: Study

Pandemic hits hard Bangladesh's aquaculture sector: Study

FE REPORT 2021-04-24 10:58:11

Despite having potentials, the aquaculture sector in Bangladesh has been affected badly in the wake of the pandemic mainly due to the increased cost of fish feed and sluggish demand, according to a st...

VAT net expansion likely in next budget

VAT net expansion likely in next budget

FE REPORT 2021-04-24 09:35:59

The National Board of Revenue (NBR) intends to expand the VAT (value-added tax) net instead of raising the VAT rate in the budget for the next fiscal year (FY), said its VAT (policy wing) member Md...

LIBOR phaseout may lead to interest-rate volatility

LIBOR phaseout may lead to interest-rate volatility

JASIM UDDIN HAROON 2021-04-24 09:18:35

The interest rate of the country's many foreign borrowings is likely to go up, as the London Interbank Offered Rate (LIBOR) will cease to be effective in the case of most currencies, including the U...

Global economy to stage vigorous recovery

Global economy to stage vigorous recovery

REUTERS 2021-04-23 10:50:58

The global economy will recover this year from its coronavirus slump at a pace not seen since the 1970s as strong momentum builds in most major economies, according to Reuters polls of over 500 econ...

High ambition, low capacity responsible for widening revenue shortfall

High ambition, low capacity responsible for widening revenue shortfall

Doulat Akter Mala 2021-04-23 09:31:48

The tax revenue target and the capacity of the National Board of Revenue (NBR) are ill-matched. That is one of the major reasons for the widening shortfall in revenue collection, Mr Farid Uddin, a f...

Covid time needs innovative budget: Enamul Haque

Covid time needs innovative budget: Enamul Haque

FE REPORT 2021-04-22 09:12:37

Revenue collection should not be the main goal of the government under the prevailing circumstances. Instead, it should think about how best it can save life and livelihood, Dr A. K. Enamul Haque, Pro...