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The Financial Express

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Bangladesh eyes of France's continuous support for GSP+ bid beyond 2029

Bangladesh eyes of France's continuous support for GSP+ bid beyond 2029

-- 2023-01-03 20:10:03

State Minister for Foreign Affairs Md Shahriar Alam has expressed his optimism that France will continue to support Bangladesh's bid for a GSP+ facility beyond 2029 under the European Union's new GSP...

Pakistan's inflation jumps to 24.5pc in December

Pakistan's inflation jumps to 24.5pc in December

-- 2023-01-03 18:32:04

Pakistan's consumer price index (CPI), a main gauge of inflation, rose 24.5 per cent in December as compared to the same month a year ago when it was recorded at 12.28 per cent, Pakistan Bureau of Sta...

Sri Lanka registered 0.7m int'l tourists in 2022

Sri Lanka registered 0.7m int'l tourists in 2022

-- 2023-01-03 17:50:25

Sri Lanka's tourism ended the year 2022 on a positive note, as the arrivals of international visitors to the country topped the 700,000 mark despite the economic and political crisis, local media repo...

Dollar price for export proceeds raised to Tk 102

Dollar price for export proceeds raised to Tk 102

-- 2023-01-03 15:45:47

Foreign exchange dealers and banks have raised the US dollar exchange rate for export proceeds by Tk 1 to Tk 102. The decision was taken at a meeting between the Bangladesh Foreign Exchange Dealers A...

Startups spring from ashes of Big Tech purge

Startups spring from ashes of Big Tech purge

REUTERS 2023-01-03 12:44:04

Nic Szerman lost his job at Meta Platforms in November, just two months after joining full-time, falling victim to a sweeping 13 per cent reduction of its workforce as the advertising market cratered....

UK announces cash support for low-income households

UK announces cash support for low-income households

-- 2023-01-03 09:57:18

Millions of low-income households in Britain will receive cost-of-living support from the government of up to 900 pounds ($1,084) over the financial year, the country's Department of Work and Pensions...

External debt falls in Q1

External debt falls in Q1

JUBAIR HASAN 2023-01-03 08:56:02

Following an upward trend, Bangladesh's external debt declined to some extent in the first quarter (Q1) of the current fiscal year (FY 2022-23) thanks to lower public borrowings due to stalled less-...

Tk 41b collected as income tax, 2.85m returns submitted

Tk 41b collected as income tax, 2.85m returns submitted

-- 2023-01-02 21:41:22

Some 2.85 million individual taxpayers submitted their returns in the current fiscal year 2022-23 where the National Board of Revenue (NBR) collected Tk 41.0 billion as income tax. Submission of inco...

Year ends with average inflation of 7.70 pc

Year ends with average inflation of 7.70 pc

FE ONLINE REPORT 2023-01-02 19:39:12

Though the monthly rate of inflation eased in December last, the just concluded year was marked by a higher rate of inflation of 7.70 per cent on average, compared to 5.54 per cent in 2021. Banglades...

Trade gap reduced in July-November

Trade gap reduced in July-November

FE ONLINE REPORT 2023-01-02 19:13:54

The country’s goods trade deficit with the rest of the world reduced slightly in the first five months of the current fiscal year (FY23). The latest balance of payments (BoP) statistics, releas...

BB creates TK 100 billion export facilitation fund

BB creates TK 100 billion export facilitation fund

-- 2023-01-02 18:27:41

Bangladesh Bank (BB) has created an export facilitation fund of Tk 100 billion to support export-oriented firms. Under the fund, an exporter will be allowed to take a loan of a maximum of Tk 2.0 bill...

Syria weakens official exchange rate

Syria weakens official exchange rate

-- 2023-01-02 17:44:26

Syria weakened its official exchange rate to 4,522 Syrian pounds to the dollar, a central bank statement said on Monday, while black market rates used for most economic activity sat around 6,500. The...

December exports rise to record $5.37 billion

December exports rise to record $5.37 billion

-- 2023-01-02 17:01:30

Bangladesh’s exports rose 9.33 per cent year-on-year to a record high of $5.37 billion in December last year, surpassing the previous monthly peak in November. The country exported goods worth...

BCC to organise job fair for persons with disabilities on January 7

BCC to organise job fair for persons with disabilities on January 7

FE ONLINE REPORT 2023-01-02 16:39:42

The Bangladesh Computer Council (BCC) of the ICT Division of Bangladesh is set to organise a fob fair for creating employment opportunities for specially-abled persons or persons with disabilities. M...

India's Supreme Court upholds legality of 2016 demonetisation

India's Supreme Court upholds legality of 2016 demonetisation

-- 2023-01-02 15:27:26

India's Supreme Court on Monday upheld the legality of the government decision in 2016 to demonetise 86 per cent of the country's cash in circulation, saying the decision was taken in consultation wit...

India's factories ended 2022 on a strong note

India's factories ended 2022 on a strong note

-- 2023-01-02 14:55:52

India's manufacturing industry ended 2022 on a solid footing as business conditions improved at the fastest rate in over two years while growth in new orders and output accelerated, a business survey...

Britain opens nuclear fuel fund with aim to cut reliance on Russia

Britain opens nuclear fuel fund with aim to cut reliance on Russia

-- 2023-01-02 14:27:08

Britain said on Monday its 75-million-pound ($90.5 million) fund aimed at helping boost domestic production of nuclear fuel for power plants and cutting reliance on Russian uranium supplies was now op...

Global economy faces tougher year in 2023, IMF's Georgieva warns

Global economy faces tougher year in 2023, IMF's Georgieva warns

FE ONLINE DESK 2023-01-02 10:00:21

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, t...

A Tk 100b bet for boosting exports, forex earnings

A Tk 100b bet for boosting exports, forex earnings

FE REPORT 2023-01-02 08:41:13

A Tk100-billion bet is offered for boosting export and foreign-exchange earning as the central bank forms an export pre-finance scheme with the revolving fund under government drive for propping up...

Remittance inflow increases by 4.23pc in December

Remittance inflow increases by 4.23pc in December

-- 2023-01-01 19:46:27

Expatriate Bangladeshis sent US$ 1.7 billion through the banking channel in December last year, which was 4.23 per cent higher than the corresponding month of the previous year, according to Banglades...

64pc TIN holders fail to submit returns within extended deadline

64pc TIN holders fail to submit returns within extended deadline

-- 2023-01-01 19:19:58

Though the government has made mandatory the submission of tax returns to get more than 40 services, the response remained poor. The National Board of Revenue (NBR) extended time twice for return sub...

Mega projects in 2022: After two opened, sight set on more in 2023

Mega projects in 2022: After two opened, sight set on more in 2023

FHM Humayan Kabir 2023-01-01 08:54:40

Bangladesh witnessed successful completion of two mega projects -- Padma Bridge and metro rail -- in the just concluded year of 2022, marking a massive development in the country's communications netw...

Welcome 2023, the annus mirabilis

Welcome 2023, the annus mirabilis

JASIM UDDIN HAROON AND DOULAT AKTER MALA 2023-01-01 08:48:23

Welcome 2023 AD, the year that is preceded by one of the most difficult periods in history. People are pinning high hopes on the New Year, expecting an economic turnaround. It is expected that a to...

Banks bag operating profits in bygone year

Banks bag operating profits in bygone year

JASIM UDDIN HAROON and JUBAIR HASAN 2023-01-01 08:44:34

A number of commercial banks posted EBIT or operating profits in the adversity-fraught bygone year, in a significant growth amidst a series of loan-related scams in the country's banking system. EB...

US federal reverse repo facility hits record $2.554 trillion

US federal reverse repo facility hits record $2.554 trillion

-- 2022-12-31 19:07:20

A key facility the US Federal Reserve uses to help control short-term interest rates saw record inflows on Friday, the final trading day of the year. The New York Fed said that its reverse repo facil...

Meghna Cloud to save huge forex spent to buy, use cloud tech

Meghna Cloud to save huge forex spent to buy, use cloud tech

FE REPORT 2022-12-31 09:07:06

Bangladesh is going to have its first-ever domestic cloud data centre which, once set up, is expected to save a large amount of forex the country spends annually for purchasing and using the cloud tec...

Macroeconomic health needs healing doses

Macroeconomic health needs healing doses

FHM Humayan Kabir 2022-12-31 09:01:41

Bangladesh's macro-economy got into tribulation in the second half (H2) of the outgoing calendar year mainly under massive inflationary pressure and steep dollar appreciation amid higher import paymen...

Revenue collection grows 14pc

Revenue collection grows 14pc

DOULOT AKTER MALA 2022-12-31 08:58:36

Domestic revenue mobilisation posted more than 14-percent growth in the outgoing year 2022 amid inflation-fuelled economic slowdown and erosion of real income. Despite disrupted supply chain for the...

Adieu annus horribilis, hail 2023

Adieu annus horribilis, hail 2023

JASIM UDDIN HAROON 2022-12-31 08:55:15

A silver lining seems on the horizon as Bangladesh joins humanity to bid farewell to 2022 at sundown today with bitter feelings as price spirals following supply crunch and dollar spikes battered li...

ICT Division, Gennext ink deal to set up data centre

ICT Division, Gennext ink deal to set up data centre

-- 2022-12-30 18:10:14

The Bangladesh Data Center Company of the ICT Division and Gennext Technology have signed an agreement to set up a "Made in Bangladesh Cloud" data centre. Bangladesh Data Center Company Managing Dire...