Search results for: Economy

Bangladesh government's borrowings overshoot target by almost 30pc in June-Jan

FE Report 2021-03-05 10:44:44

The government's net borrowing from the state-sponsored savings instruments stood at Tk 257.02 billion in the first seven months of fiscal year (FY) 2020-21, according to official statistics. The amo...

Vietnam's cloth import rises over two months

-- 2021-03-05 10:38:10

Vietnam spent nearly 1.9 billion US dollars importing cloth in the first two months of this year, posting a year-on-year rise of 17.6 per cent, according to the country's General Statistics Office on...

Expert body recommended for addressing post-LDC challenges

FE Report 2021-03-05 10:36:23

Trade experts and economists suggested on Thursday that the government form a central committee, comprising specialists from private and public sectors, to devise ways for weathering challenges in the...

China restores GDP growth target after economic rebound

REUTERS 2021-03-05 08:39:11

China on Friday restored its annual economic growth target, setting it at above 6.0 per cent, and pledged to create more jobs in cities than last year, as the world’s second-biggest economy emer...

Govt in comfortable spending position after economy averts crashing during pandemic

UNB 2021-03-04 19:01:29

With the world economy stricken by the economic crisis brought on by the Covid-19 pandemic, the Bangladeshi economic engine has shown itself to be rather resilient in facing down the crisis and keepin...

US private payrolls miss expectations

-- 2021-03-04 12:13:36

US private payrolls increased less than expected in February amid job losses in manufacturing and construction, suggesting the labour market was struggling to regain speed despite the nation’s i...

Exports slightly drop in July-Feb period

FE REPORT 2021-03-04 08:01:49

The country's earnings from export of merchandise goods during the first eight months of the current fiscal year (FY), 2020-21, fell short of the strategic target by 3.61 per cent and reached US$ 25.8...

DCCI urges revenue board to reduce corporate tax

FE REPORT 2021-03-04 07:54:30

The Dhaka Chamber of Commerce and Industry (DCCI) on Wednesday proposed a gradual cut in the corporate tax rates, starting from the next fiscal year (FY). As per the plan, the chamber sought a 2.5 pe...

Big economies agree to boost IMF funding

-- 2021-03-03 10:39:55

G20 major economies have agreed to raise International Monetary Fund reserves with a new allocation of the fund’s own special drawing rights (SDRs) currency, the IMF’s head said on Tuesday...

NEC approves Tk 1.98t revised ADP for FY21

-- 2021-03-02 18:23:54

The National Economic Council (NEC) on Tuesday approved Tk 1.98 trillion (197,643 crore) revised Annual Development Programme (RADP) for the current fiscal year, downsizing the original ADP size of Tk...

US Democrats backpedal on raising minimum wage, but hopes for hike alive

-- 2021-03-02 09:55:06

The US Senate will start debating President Joe Biden’s $1.9 trillion coronavirus relief bill this week, Senate Majority Leader Chuck Schumer said on Monday after Democrats backed down from an e...

Sky begins to clear over US economy

Reuters 2021-03-02 09:52:03

Despite the US economy’s near miss with a depression last year and an ongoing coronavirus pandemic that has brought travel to a virtual halt, Jeff Hurst, the chief executive of vacation rental f...

Remittances surge to $16.69b in July-February period

FE REPORT 2021-03-02 09:38:42

The country's inward remittance stood at an estimated 16.69-billion dollars in the first eight months of the current fiscal year (FY), 2020-2021. The amount was 33.51 per cent higher than that of the...

Bangladeshi banks’ capital base improves marginally

SIDDIQUE ISLAM 2021-03-02 08:18:16

The capital base of the country's banks improved marginally in 2020 mainly due to the 'decline' in the volume of their non-performing loans (NPLs), officials said. The capital-to-risk weighted-asset...

China's factory activity expands at a slower pace in February

-- 2021-03-01 10:10:27

China’s factory activity expanded in February at a slower pace than a month earlier, hitting the lowest level since last May and missing market expectations after brief COVID-19-related disrupti...

Biggies exhaust Bangladesh Bank's aid packages

FE REPORT 2021-03-01 08:11:34

All but one stimulus packages under the central bank's initiative are yet to be implemented fully although the deadline of the same will expire on March 31, according to a Bangladesh Bank (BB) report...

'Export earnings may decline by 8.0 to 10pc in post-LDC period'

FE ONLINE REPORT 2021-02-28 20:57:36

Eminent economist Dr Debapriya Bhattacharya on Sunday said Bangladesh would lose a wide variety of preferences and privileges after graduation from least developed country (LDC) status. He said these...

Risks lurk for Bangladesh in post-LDC era

FHM HUMAYAN KABIR 2021-02-28 09:53:43

Bangladesh's economy could be affected substantially after graduating to a developing nation in 2026 as it is not ready, mainly on trade front, to weather the impacts. Higher domestic tariff protecti...

UN recommends Bangladesh's graduation from LDC category

FE ONLINE DESK 2021-02-27 12:10:29

The United Nations Committee for Development Policy (CDP) has recommended Bangladesh's graduation from the LDC (least developed country) category. The recommendation came at the CDP's triennial revie...

Microcredit regulator forms committee to cut microloan interest rates

ISMAIL HOSSAIN 2021-02-27 08:39:29

A move is underway to slash the existing 24 per cent interest rate or service charge, as imposed by the micro-finance institutions (MFIs), to give poor borrowers some relief. The Microcredit Regula...

Bangladesh to receive final recommendation on graduation from LDC

-- 2021-02-26 16:35:22

Bangladesh is set to receive the final recommendation on its graduation from the least developed country status, as the nation marks the golden jubilee of its independence. Prime Minister Sheikh Hasi...

Revenue earning falls short of target by Tk 368b in July-Jan

DOULOT AKTER MALA 2021-02-26 10:55:53

The revenue collection fell by Tk 368.41 billion short of the target in the first seven months of the current fiscal year (FY) as businesses are yet to overcome the Covid-19 fallout. However, the Nat...

Bangladesh economy starts recovering, but hurdles remain: MCCI

FE REPORT 2021-02-26 10:54:08

Bangladesh's economy has started recovering from the Covid-19 shocks, although some major challenges are there in some areas for maintaining its growth momentum, the Metropolitan Chamber of Commerce a...

Planning Commission proposes slashing down development budget by Tk 75b

FHM HUMAYAN KABIR 2021-02-26 10:43:19

The Planning Commission (PC) on Thursday finalised the draft of Revised Annual Development Programme (RADP) for the current fiscal year (FY), reducing the allocations by Tk 75 billion to Tk 1.97 trill...

China central bank adviser predicts 8-9pc GDP growth in 2021

-- 2021-02-26 10:33:32

China’s gross domestic product (GDP) could expand 8-9 per cent in 2021 as it continues to rebound from the COVID-19 pandemic, Liu Shijin, a policy adviser to the People’s Bank of China, sa...

Covid-19 impact: NBR devises ways to boost revenue collection

-- 2021-02-25 17:10:03

The National Board of Revenue (NBR) has devised five strategies to boost its revenue collection offsetting the negative impacts of the Covid-19 pandemic. The decision to adopt the methods was taken a...

Saudi Arabia's PIF launches $3b tourism, infrastructure venture

Reuters 2021-02-25 13:02:12

Saudi Arabia’s Public Investment Fund (PIF) launched a new venture that will invest $3 billion in developing tourism and infrastructure in the southwestern Asir region, the state news agency SPA...

Authorised dealers can give loan in Taka to Type-C units of EPZs

FE REPORT 2021-02-25 08:34:36

The Authorised Dealers (ADs) have been allowed to extend loan facilities to the Type-C industries of the Export Processing Zones (EPZs) in Taka, as admissible to such industries outside the EPZs. S...

Bridging gap between planners and beneficiaries emphasised

FE REPORT 2021-02-24 09:00:32

Planning Minister M A Mannan said there should be a bridge between the country's development plan makers and the root-level beneficiaries to reap optimum benefits of development. "We usually formul...

Glitch stops investors from buying govt savings tools

Doulot Akter Mala 2021-02-24 08:46:45

Aspirant investors are facing difficulties to buy the government's savings tools due to technical glitch in the system concerned. A number of investors have complained that they could not buy the t...