Search results for: EC

'Agriculture sector to be worst sufferer of possible second Covid wave'

-- 2020-10-20 21:11:28

Agriculture Minister Muhammad Abdur Razzaque has said the Agriculture sector of the country will be the worst sufferer if the second wave of Coronavirus outbreak hits the country in the upcoming winte...

Google faces biggest antitrust lawsuit in two decades

-- 2020-10-20 20:49:31

The US Justice Department and 11 states filed an antitrust lawsuit against Alphabet Inc’s Google on Tuesday for allegedly breaking the law in using its market power to fend off rivals, reports R...

BB relaxes provisioning against unclassified consumer loans

FE Online Report 2020-10-20 18:52:55

The central bank of Bangladesh has relaxed provisioning against unclassified loans of all categories under consumer financing, excluding house finance to expedite the flow of consumer loans in the ban...

IMF officials call for strengthening cooperation to enhance cross-border payments

-- 2020-10-20 16:02:23

Senior officials at the International Monetary Fund (IMF) have called for strengthening international cooperation to improve cross-border payments as many central banks are exploring the issuance of d...

Bangladesh seeks stronger trade, investment ties with three European countries

-- 2020-10-19 23:13:23

Bangladesh has sought enhanced cooperation with Sweden, Spain and Norway on trade and investment front. Three new Ambassadors of Sweden, Spain and Norway to Bangladesh met State Minister for Foreign...

Nokia to build cellular network on the moon by 2022

-- 2020-10-19 20:57:30

NASA has selected Nokia to build the first cellular network on the moon within 2022, as the US space agency plans for a future where humans return there and establish lunar settlements. The US agency...

Role of mobile phones in household welfare, women’s empowerment

Monzur Hossain and Hussain Samad 2020-10-19 18:45:21

Bangladesh has witnessed the advent of mobile phones and their swift rise in popularity among people for the last two decades. It is undoubtedly a versatile device which is said to have transformed th...

China’s economy sees quick recovery as consumption returns

REUTERS 2020-10-19 16:14:26

China’s economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, although the weaker-than-expected headline growth suggested persistent risks for one...

Bangladesh's 'slow legal system' still impedes FDI: US report

SAJIBUR RAHMAN 2020-10-19 10:09:28

A weak and slow legal system along with the lack of enforcement of regulations in Bangladesh is a major impediment to foreign direct investment (FDI), according to a new United States government repor...

BB makes investing in startups easier now

FE REPORT 2020-10-19 09:52:06

The central bank on Sunday said the new 'risk weight' applicable to investing in 'alternative' investments will remain valid until September, 2022 beginning from the third quarter of this year. An...

Productivity to be 5.6pc by 2031

-- 2020-10-18 19:26:47

The government has set a target of increasing productivity in all sectors to 5.6 per cent from the current 3.8 per cent by 2031. The 15th meeting of the National Productivity Council (NPC) held on Su...

Italy unveils new stimulus package to help virus-hit economy

Reuters 2020-10-18 16:08:03

Italy has approved a new stimulus package in its 2021 budget to foster an economic rebound from the recession caused by the coronavirus crisis, a government statement said on Sunday after a late-night...

Sri Lanka's central bank approves $966m business relief loans

-- 2020-10-18 12:40:23

The Central Bank of Sri Lanka (CBSL) has approved 966 million US dollars worth of loans under a relief programme for coronavirus (Covid-19) affected businesses, local media reported on Sunday. A tota...

Dhaka making fresh guidelines for FTAs, PTAs for boosting trade

DOULOT AKTER MALA 2020-10-18 09:57:10

The government has planned to frame a new guideline for preferential and free trade agreements to get prepared for the post-graduation period. Bangladesh is set to graduate from the least-developed c...

Experts recommend single-digit charge for mobile financial service

-- 2020-10-18 09:47:10

Experts have suggested that mobile financial service (MFS) providers cut cash-out charges to a single-digit as high transaction costs are keeping marginal people as well as more micro and small enterp...

Bangladesh spends least on social protection during pandemic: ESCAP-ILO report

MONIRA MUNNI 2020-10-18 09:27:00

Bangladesh's expenditure in social protection is the lowest in South and Southwest Asia and this poor safeguard system is hampering the resilience to Covid-19, according to a new report. The level of...

The coronavirus pandemic hits female workers the worst

Narayan Das 2020-10-17 21:10:36

To combat the novel coronavirus, many countries, including Bangladesh, imposed country-wide lockdown. The economy of Bangladesh was under the lockdown from late March to May 2020, when most economic a...

Experts suggests single-digit MFS cash-out charge

-- 2020-10-17 19:34:12

Experts have suggested bringing down the cash-out charge of mobile financial service (MFS) providers to a single-digit as high transaction cost is keeping marginal people as well as more micro and sma...

83pc women farmers of Africa, Asia lost livelihood amid pandemic

FE ONLINE REPORT 2020-10-16 19:32:44

Some 83 per cent women farmers of 14 countries in Africa and Asia including Bangladesh reported a loss of livelihoods during the pandemic, with 65 per cent saying they are experiencing food shortages,...

Bangladesh ahead of India on Global Hunger Index

-- 2020-10-16 17:13:21

Bangladesh has moved 13 notches up to the 75th place among 107 qualifying countries on the latest Global Hunger Index (GHI), well ahead of neighbouring India. The 2020 Global Hunger Index, jointly pu...

IMF lifts China’s GDP forecast to 1.9pc in 2020

Global Times 2020-10-16 17:07:34

The IMF projects that China's GDP will grow by 1.9 per cent in 2020, up from 1.0 per cent in its last projection in June, citing a faster-than-expected recovery in China. China will be the only major...

BB asks MFS cos to inform clients about charges of products

FE REPORT 2020-10-16 14:34:31

The Bangladesh Bank (BB) has asked all the mobile financial service (MFS) providers to inform the customers about type and charges of the products in details in order to ensure transparency of their s...

UN chief calls for investment in rural women to help build resilience to crises

-- 2020-10-16 11:48:33

United Nations Secretary-General Antonio Guterres has called for efforts to invest in rural women and help them build resilience to future crises. "Together, we must invest in rural women so that the...

Study finds remdesivir ineffective in treating Covid patients

Reuters 2020-10-16 11:22:49

Gilead Sciences remdesivir had little or no effect on Covid-19 patients' length of hospital stay or chances of survival, a clinical trial by the World Health Organization (WHO) has found. The antivi...

IMF fears higher debt burdens, poverty, inequality worldwide

FE Online Report 2020-10-16 10:04:37

The International Monetary Fund (IMF) has called the ongoing global economic recovery partial and uneven that is marked by significant uncertainty, as the pandemic continues to spread in places. An I...

ERF permanent office registration completed

FE Online Report 2020-10-15 19:46:56

The Economic Reporters Forum (ERF) completed the registration of its permanent office through a ceremony at its office at Purana Paltan in the capital on Thursday, says a press release. ERF President...

Globe Biotech pairs with icddr,b for vaccine human trial

FE REPORT 2020-10-15 10:42:00

Bangladesh's lone coronavirus vaccine candidate Globe Biotech on Wednesday assigned icddr,b as a contract research organisation (CRO) to start human trials of the homegrown immunisation in the country...

Covid-19 vaccine purchase may take up to $1.5b for Bangladesh

FHM Humayan Kabir 2020-10-15 09:44:08

The government has estimated that US$1.0 to 1.5 billion will be needed to procure COVID-19 vaccine with external funding, officials said on Wednesday. The estimate by the Ministry of Finance (MoF) ha...

e-banking in the country loses steam in Aug

JASIM UDDIN HAROON 2020-10-15 09:43:46

The transactions through most of the e-banking channels were poor in August over July in recent months with the increased movement of people. E-commerce transactions fell by Tk. 1.52 billion in Aug...

IMF sees debt soaring but stabilising at 100pc of GDP; if pandemic eases, growth resumes

-- 2020-10-14 18:34:43

Massive government spending to battle the coronavirus pandemic will push public debt to a record of nearly 100 per cent of global economic output this year, but the run-up may be a one-off event if gr...