Search results for: Economy

Youth livelihoods severely affected by Covid-19

FE REPORT 2021-02-24 08:21:22

The Covid-19 pandemic has wreaked havoc on the livelihoods of the country's young populations with nearly 70 per cent of them witnessing a fall in income, a study revealed on Tuesday. The loss of e...

EU to call on G20 not to withdraw Covid-19 stimulus too early

-- 2021-02-23 11:16:59

The European Union will call on financial leaders of the world’s 20 biggest economies this week to keep pumping money into the global economy as long as is needed for it to recover from the Covi...

Bangladesh urged to sign Singapore convention on mediation

FE REPORT 2021-02-23 08:23:04

Experts have suggested that Bangladesh sign the Singapore convention on mediation to encourage foreign direct investment (FDI) as investors often seek amicable methods of commercial dispute resoluti...

Myanmar anti-coup protests shut businesses

-- 2021-02-22 11:28:15

Businesses shut in Myanmar on Monday in a general strike called to oppose the military coup and thousands of protesters gathered despite a threat from authorities that confrontation could cost lives....

Bangladesh plans large-scale commercial coffee production as cultivation gains traction

-- 2021-02-21 16:08:14

Buoyed by a surge in interest in coffee farming that had a modest beginning in the Chattogram Hill Tracts back in the 1990s, Bangladesh plans large-scale commercial production of coffee beans. Coffee...

57,000 companies come under tax net

FE REPORT 2021-02-21 09:00:16

An estimated 70 per cent or 57,000 companies have been brought under tax net in just three months, thanks to a document verification system (DVS). A corporate compliance taskforce report of the Nat...

Oil, gas companies in trouble due to tax complexities

DOULOT AKTER MALA 2021-02-21 08:36:34

The International Oil Companies (IOCs) as well as local ones are facing complexities in releasing imported supplies and equipment for gas plants from the ports due to imposition of taxes. The IOCs...

Oil, gas companies in trouble due to tax complexities

DOULOT AKTER MALA 2021-02-21 08:36:34

The International Oil Companies (IOCs) as well as local ones are facing complexities in releasing imported supplies and equipment for gas plants from the ports due to imposition of taxes. The IOCs...

Bangladesh's publishing industry hit hard by pandemic

JUBAIR HASAN and SAIF UDDIN 2021-02-21 08:06:53

Country's publishing industry is in dire straits due to the prolonged closure of educational institutions in the aftermath of the Covid-19 pandemic. The closure has cut down the sales of publishing h...

NBR seeks budget proposals from chambers, associations for next fiscal

-- 2021-02-20 19:16:23

The National Board of Revenue (NBR) has sought budget proposals from the chambers and associations as the government has started preparations for framing the national budget for fiscal year (FY2021-22...

World Bank may approve $1.6b vaccine funding for Bangladesh, 11 others

-- 2021-02-20 18:34:26

The World Bank is likely to approve $1.6 billion in vaccine funding for 12 countries, including Bangladesh, the Philippines, Tunisia and Ethiopia, by the end of March. World Bank President David Malp...

World Bank, IMF to consider climate change in debt reduction talks

-- 2021-02-20 16:04:38

The World Bank is working with the International Monetary Fund (IMF) on ways to factor climate change into the negotiations about reducing the debt burdens of some poor countries, World Bank President...

Dhaka objects to Delhi's fresh non-tariff barriers

SYFUL ISLAM 2021-02-20 08:26:35

Bangladesh has raised an objection to India's request for increased verification of country-of-origin (CoO) certificates and attachment of a questionnaire to those since those will be in violation of...

Farm credit grows by 8.0pc in Jul-Jan

FE REPORT 2021-02-19 08:44:05

The farm credit disbursement grew by nearly 8.0 per cent in the first seven months of the current fiscal year (FY), 2020-21, as the demand for such loans is picking up gradually due to seasonal effect...

Bangladesh among likely 'the fastest growing' economies in 2021

JASIM UDDIN HAROON 2021-02-18 08:32:55

Bangladesh and Vietnam out of six Asian frontier markets are expected to remain among the fastest-growing world economies in 2021. The Washington-based International Institute of Finance (IIF) has ma...

ECNEC approves project to develop Dhaka-Sylhet road

-- 2021-02-16 18:19:34

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved a Tk 169.19 billion South Asia Subregional Economic Cooperation (SASEC) Dhaka-Sylhet Corridor Road Development proj...

Private land, water transportation add almost 11pc to GDP

FE Report 2021-02-16 10:13:29

The private sector commercial land and water transportations added 10.96 per cent value to the country's Gross Domestic Product (GDP), an official study showed. The Bangladesh Bureau of Statistics (B...

CPD concerned over fall in export, expenditure  

-- 2021-02-15 18:30:50

Centre for Policy Dialogue (CPD) on Monday said the decline in government expenditure and fall in export are the major concerns and discomfort for the country's economy. The civil society think tank...

Japan’s economy expands more than expected as exports, capex shake off pandemic hit

-- 2021-02-15 12:21:58

Japan’s economy expanded more than expected in the fourth quarter, extending the recovery from its worst postwar recession thanks to a rebound in overseas demand that boosted exports and capital...

Bangladesh’s growth journey threatened by inequality, low tax: Economists

FE ONLINE REPORT 2021-02-14 18:38:34

Bangladesh has made progress historically denying odds and eventually allowing a class to exploit public resources but a redistributive mechanism to address disparity is largely absent, say some senio...

‘Bangladesh, Brazil to build stronger economic ties in post-Covid era’

-- 2021-02-14 18:36:09

Brazilian Ambassador to Bangladesh Joao Tabajara de Oliveira Junior has said Bangladesh and Brazil can make a stronger alliance on trade and economic front getting out of the current pandemic situatio...

Merger & acquisition or closure considered only way-out for troubled banks

FE REPORT 2021-02-14 08:31:19

The government is unwilling to go for merger and acquisition (M&A) in the banking sector though the latter needs it most, speakers at a webinar said on Saturday. The need has become even stronger...

US 'back at the table' to help global economic recovery

-- 2021-02-13 10:49:33

US President Joe Biden’s administration told allies on Friday it was re-engaging with them to help steer the global economy out of its worst slump since the Great Depression, a contrast with the...

Domestic funding for development budget unlikely to be cut

SYFUL ISLAM 2021-02-13 08:21:09

The government has decided to keep the domestic resource allocation in the annual development programme (ADP) for the current financial year unchanged. The budget for the FY2021 is now undergoing a r...

Record $58.1b pours into global equity funds: BofA

Reuters 2021-02-12 20:19:32

A record $58.1 billion poured into global equity funds over the past week as investors pulled money out of cash funds and had a lighter exposure to bonds, BofA’s weekly fund flow data showed on...

UK economy slumps by record 10pc in 2020

-- 2021-02-12 18:20:04

Britain's coronavirus-ravaged economy suffered its biggest crash in output in more than 300 years in 2020 when it slumped by 9.9 per cent, but it avoided heading back towards recession at the end of t...

Littoral countries' debt burden surges

FE REPORT 2021-02-12 10:28:44

One of the major impacts of the Covid-19 pandemic on the countries in the Bay of Bengal region is a surge in debt burden, economists told a dialogue on Thursday. Countries like Bangladesh, India, Sri...

Minister annoyed with poor tax-GDP ratio as NBR awards top taxpayers

FE REPORT 2021-02-12 10:07:19

Finance minister AHM Mustafa Kamal on Thursday asked the taxmen to refrain from physical inspection as it may cause harassment to the taxpayers. He also instructed them to automate the tax administra...

IMF's own currency likely to get G7 backing

Reuters 2021-02-12 09:54:02

Group of Seven finance ministers are likely to back a new allocation of the International Monetary Fund’s own currency, or special drawing rights, at an online meeting on Friday to help low-inco...

Freelancers allowed to bring earnings through MFSs

FE REPORT 2021-02-11 09:07:13

The IT freelancers will now be able to bring home their small-value earnings through mobile financial services (MFSs). Previously, they had to bring the money through banks. Local people, especially...