Search results for: EC

Indian rupee ends 2022 as worst-performing currency in Asia

-- 2022-12-30 17:42:02

The Indian rupee ended 2022 as the worst-performing Asian currency with a fall of 11.3 per cent, its biggest annual decline since 2013, as the dollar rocketed on the US Federal Reserve's aggressive mo...

India’s current account gap widens to nine-year high

-- 2022-12-30 16:57:10

India's current account deficit widened in the July-September quarter as high commodity prices and a weak rupee increased the country's trade gap, data from the Reserve Bank of India (RBI) showed on T...

Biden signs $1.7 trillion spending bill as Americans fight inflation

-- 2022-12-30 16:07:13

US President Joe Biden has signed a 1.7 trillion-US-dollar spending bill for the federal government. The legislation will keep the federal government operating through the end of the federal budget y...

China's factory activity likely cooled in December on Covid surge

-- 2022-12-30 13:08:29

China's factory activity is expected to have extended declines in December, a Reuters poll showed on Friday, as the end of the country's "zero-Covid" policy and rising infections began to affect produ...

HIES survey report to be out by Mar: Official

FE REPORT 2022-12-30 09:14:33

The Household Income and Expenditure Survey (HIES) report will be published by March next year as the Bangladesh Bureau of Statistics (BBS) is going to complete its year-long data collection on Saturd...

Inward remittance to decline 3.17pc

FE REPORT 2022-12-30 09:07:29

The country's inward remittance is expected to decline 3.17 per cent in the outgoing calendar year, due to factors including sending money through unofficial channels, revealed a new report on Thursda...

Pakistan forex reserves fall by $294 million

-- 2022-12-29 21:01:42

The State Bank of Pakistan (SBP) announced that its foreign exchange reserves had decreased by 294 million US dollars. During the week ending on Dec. 23, the total foreign exchange reserves of the Pa...

Momen for reducing foreign aid dependency by strengthening income tax wing

-- 2022-12-29 20:33:42

Foreign Minister Dr AK Abdul Momen has put emphasis on strengthening the country's income tax wing to lessen the dependence on foreign aid. "The government can implement mega projects as the people o...

EU to provide €23m to PKSF for extreme poverty reduction

FE ONLINE REPORT 2022-12-29 16:50:17

The European Union (EU) and Palli Karma-Sahayak Foundation (PKSF) on Thursday signed a Grant Agreement to implement a new project for extreme poverty reduction in the country. The signing ceremony of...

‘Revenue collection grows 15.0pc on average over last few years’

-- 2022-12-28 22:48:18

Finance Minister AHM Mustafa Kamal has said Bangladesh witnessed a massive development in the revenue sector after the Awami League government assumed office in 2009. He informed the revenue collecti...

Korean envoy for introducing technology to stop money laundering

FE ONLINE DESK 2022-12-28 19:15:48

South Korean Ambassador to Bangladesh Lee Jang-Keun has stressed the introduction of the While List System for parallel or illegal import mobile handsets so that terrorists and extremists or money lau...

FTX customers file class action to lay claim to dwindling assets

-- 2022-12-28 17:04:02

FTX customers filed a class action lawsuit against the failed crypto exchange and its former top executives including Sam Bankman-Fried on Tuesday, seeking a declaration that the company's holdings of...

Manpower export review 2022: Outflow hits record, remittance inflow falls

ARAFAT ARA 2022-12-28 09:00:05

With the opening of new markets, a record number of Bangladeshi nationals went abroad with jobs so far in the outgoing calendar year. Bangladesh sent more than 1.0 million people in the first 11 mo...

Teesta river management: Government goes slow on Chinese funding

MIR MOSTAFIZUR RAHAMAN 2022-12-28 08:52:54

Bangladesh apparently slows down the process of receiving funds from China for the much-talked-about Teesta river-management project, officials with knowledge of the development told the FE. "We're...

Bangladesh, ADB sign $250m loan to strengthen resilience in coastal towns

-- 2022-12-27 22:39:32

The Asian Development Bank (ADB) and Bangladesh have signed agreements for $250 million in loans to strengthen climate and disaster resilience in 22 coastal towns in Bangladesh. Sharifa Khan, secreta...

HCA signed, €609m in loans approved by AFD for Bangladesh

-- 2022-12-27 22:10:03

In 2022, AFD and the Economic Relations Division of the government of Bangladesh signed a host country agreement (HCA) for the establishment of AFD activities in Bangladesh, a successful outcome of ye...

Nearly three in five German industry associations foresee gloomy 2023

-- 2022-12-27 15:35:35

Nearly three out of five German industry associations are pessimistic about next year and expect their companies to produce less as high energy prices due to the war in Ukraine show no signs of abatin...

Japan's jobless rate falls to 2.5pc in Nov

REUTERS 2022-12-27 12:51:18

Japan's jobless rate fell to 2.5 per cent in November, while the availability of jobs stayed at its highest level since March 2020, government data showed on Tuesday. The seasonally adjusted unemploy...

BB opens research cell to combat money laundering

FE ONLINE DESK 2022-12-27 12:22:25

Bangladesh Bank has formed a research cell to look into the effectiveness of the country's anti-money laundering mechanisms and ways to recover illicit funds, bdnews24.com reports. The nine-str...

Elon Musk says around 100 Starlinks now active in Iran

REUTERS 2022-12-27 12:03:10

SpaceX Chief Executive Elon Musk said on Monday that the company is now close to having 100 active Starlinks, the firm's satellite internet service, in Iran, three months after he tweeted he would act...

Massive $2.47b education recuperation recipe ahead

FHM HUMAYAN KABIR 2022-12-27 08:56:41

A massive US$2.47-billion programme with World Bank assistance is in the offing for recovery of education upset by the global Covid-19 pandemic, according to officials. The WB is likely to lend US$70...

Revenue collection posts 13.06pc growth in July-Nov

-- 2022-12-26 21:23:40

The revenue collection by the National Board of Revenue (NBR) witnessed a healthy growth of 13.06 per cent in the first five months (July-November) of the current fiscal year (FY23) fetching Tk 1.15 t...

Bangladesh signs $628.29m loan deal with ADB

-- 2022-12-26 19:05:34

The Asian Development Bank (ADB) and the government have signed loan agreements worth $628.29 million for the implementation of development, urban transport and climate resilience projects. Sharifa K...

ChatGPT: A revolution in AI chatbots

FE Online 2022-12-26 14:20:06

Artificial intelligence is slowly but surely making its way into almost all aspects of our everyday lives, and ChatGPT is the latest addition to chatbots backed by artificial intelligence.  And...

Investment, business scope: Indian delegation keen on visiting Bangladesh

FE REPORT 2022-12-26 10:18:15

An Indian delegation would like to visit Bangladesh, in order to understand the investment and business opportunities available in the two economies of South Asia. Kolkata-based Bengal Chamber of Com...

Living gets harder as inflation outweighs wages

JASIM UDDIN HAROON 2022-12-26 08:49:05

Commoners pay through their nose as wage growth in Bangladesh remains stubbornly far lower than consumer prices fueled by soaring headline inflation, economists say as official data show the gap. As...

Twitter restores suicide prevention feature after Reuters report

-- 2022-12-25 11:13:53

Twitter Inc has restored a feature that promotes suicide prevention hotlines and other safety resources to users looking up certain content, after coming under pressure from some users and consumer sa...

Next budget may bank on higher foreign aid

FHM HUMAYAN KABIR 2022-12-25 08:55:38

Development spending in the next fiscal may draw higher foreign assistance as the government envisages allocating Tk70 billion more as project aid (PA) in the financial year (FY) 2023-24 development b...

From Nazma Anwar to Merina Tabassum: Female architects of Bangladesh breaking stereotypes

Zakia Zaman 2022-12-24 17:22:38

Like almost every other engineering sector, architecture has always been mostly male-dominated. Considering the socio-cultural scenario of Bangladesh, it has always been a battle against the social no...

Teaching and Learning Economics in Bangla - The linguistic barrier

Khandakar Qudrat-I Elahi Ph.D. 2022-12-24 15:37:57

I was a student of the Faculty of Agricultural Economics and Rural Sociology of the Bangladesh Agricultural University during the 1970s. At that time, the medium of instruction was English. Although m...