Search results for: EC

Economists, business leaders call for framing virus-centric budget

FE REPORT 2021-05-05 09:33:34

Economists and business leaders on Tuesday unequivocally criticised the existing budgetary provision for legalising 'black money' and said the opportunity is biased against the honest taxpayers. They...

BHTPA to impart training on Microsoft Cloud Skill among 5000 youths, professionals

FE ONLINE REPORT   2021-05-04 18:28:29

Citing a recent statistics, State Minister for Information and Communication Technology Division (ICT) Zunaid Ahmed Palak said cloud-based business in Bangladesh reached currently worth nearly Tk 13 m...

NBR to settle 30,000 'short shipments' thru' Asycuda

DOULOT AKTER MALA 2021-05-04 10:14:51

The National Board of Revenue (NBR) has decided to settle some 30,000 export shipments using Asycuda system following difficulties of the exporters concerned to avail cash incentives from the central...

India disburses only 12pc of pledged credit so far

FHM HUMAYAN KABIR 2021-05-04 10:10:50

India has disbursed only US$895 million worth of assistance in last one decade against its commitment of $7.50 billion worth of three lines of credit (LoCs) during the period, officials said on Friday...

Bangladesh's foreign exchange reserve crosses $45b mark

SIDDIQUE ISLAM 2021-05-04 09:55:44

Bangladesh's foreign exchange (forex) reserve crossed US$45 billion-mark for the first time on Monday following lower import payment obligations and higher growth of inward remittance, officials said....

Corn crop brings prosperity in northern region

THOMSON REUTERS FOUNDATION 2021-05-03 15:25:10

The people of Shaniazan union, in northern Bangladesh, still remember when a river burst its banks in the early 1990s and engulfed their homes, leaving the land too sandy to grow traditional rice and...

One in two people globally lost income due to Covid-19: Survey

Reuters 2021-05-03 11:55:12

One in two people worldwide saw their earnings drop due to the coronavirus, with people in low-income countries particularly hard hit by job losses or cuts to their working hours, research showed on M...

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

-- 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

-- 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

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

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

-- 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,...

Crew Dragon undocks from the ISS to return to Earth

TASS 2021-05-02 18:13:43

The Crew Dragon manned spacecraft with the Crew-1 mission aboard has undocked from the International Space Station (ISS), returning to Earth, NASA is broadcasting live. The undocking of the Resilienc...

EU hits Apple with music streaming charge in boost for Spotify

-- 2021-05-02 16:53:44

EU regulators accused Apple on Friday of distorting competition in the music streaming market, siding with Spotify in a case that could lead to a hefty fine and changes in the iPhone maker's lucrative...

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

-- 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...

Turkey adds crypto firms to money laundering, terror financing rules

-- 2021-05-01 15:43:31

Turkey added cryptocurrency trading platforms to the list of firms covered by anti-money laundering and terrorism financing regulation, it said in a presidential decree published early on Saturday. T...

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

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...

Alibaba freezes executive pay amid China's curbs on big tech

REUTERS 2021-04-30 16:14:06

Chinese e-commerce giant Alibaba Group Holding has frozen pay for senior executives in 2021 and is instead giving junior staff bigger salary increases, sources said, in an effort to preserve its workf...

'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

-- 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

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

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

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...

UK first country to green light ‘self-driving’ cars on roads

-- 2021-04-28 15:16:01

The UK government on Wednesday became the first country to announce it will regulate the use of self-driving vehicles at slow speeds on motorways, with the first such cars possibly appearing on public...

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...

Spotify launches podcast subscription platform to challenge Apple

-- 2021-04-28 11:03:01

Spotify launched on Tuesday a paid subscription platform for podcasters in the United States and plans to expand in other regions in the coming months, a week after Apple unveiled a similar service....

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...