Search results for: EC

Bangladesh overtakes India in per capita GDP, IMF says

-- 2020-10-14 16:21:56

Bangladesh has overtaken its much-larger neighbour India in terms of per capita GDP in 2020, owing to a respectable performance on the economic front despite slowing growth coupled with a steep contra...

Eight nations sign US-led Artemis pact for moon exploration

Reuters 2020-10-14 13:43:53

Eight countries have signed an international pact for moon exploration called the Artemis Accords, NASA announced on Tuesday as the US space agency tries to shape standards for building long-term sett...

WB readies $12b for Covid-19 vaccines, treatments in developing countries

REUTERS 2020-10-14 11:16:02

The World Bank said its executive board approved on Tuesday $12 billion in new funding for developing countries to finance the purchase and distribution of Covid-19 vaccines, tests and treatments for...

Facebook will now ban ads that discourage vaccines

Reuters 2020-10-14 11:05:49

Facebook will start banning ads that explicitly discourage people from getting vaccinated, the world's largest social media company said on Tuesday, as it also announced a new flu vaccine informa...

Apple unveils iPhone 12 with 5G

-- 2020-10-14 11:04:08

Apple Inc on Tuesday launched its next-generation iPhone 12, with faster 5G connectivity that the California company hopes will spur consumers to trade in their old phones and keep its sales booming t...

Bangladesh’s crisis-related borrowing will surge: IMF

FE ONLINE REPORT 2020-10-14 10:02:33

The International Monetary Fund (IMF) expects that the government of Bangladesh will carry out an audit of Covid-19-related expenditures within 12 months of the end of the crisis. The global agency h...

Japanese investments in two SEZs unlikely in two years

MUNIMA SULTANA 2020-10-14 09:39:29

Japanese investments in two economic zones are unlikely to take place in next two years as those zones are not ready. According to insiders, the Japanese special economic zone on over 1000 acres of l...

Bangladesh exports to non-traditional market shrink

MONIRA MUNNI 2020-10-14 09:35:36

The country's apparel exports to the non-traditional markets are still facing hurdles. Shipments to those destinations maintained negative growth during the first quarter (Q1) of the current fiscal y...

Dhaka to seek $5b WB soft loan in next 3 years

FHM HUMAYAN KABIR 2020-10-14 09:28:36

Bangladesh would seek funds worth US$5.0 billion from the World Bank's (WB's) IDA-19 package for the next three years to bankroll its socio-economic development activities, officials said on Tuesday....

IMF sees less severe global contraction but worsening outlook for many emerging markets

-- 2020-10-13 20:25:50

The International Monetary Fund on Tuesday said forecasts for the global economy were “somewhat less dire” as wealthy countries and China rebounded more quickly than expected from coronavi...

Climate change causes more weather disasters every year, UN says

-- 2020-10-13 17:51:44

In the wake of heat waves, global warming, forest fires, storms, droughts and a rising number of hurricanes, the UN weather agency is warning that the number of people who need international humanitar...

Debt of poorest countries hit record $744b in 2019: World Bank

-- 2020-10-13 10:54:23

The total external debt of the world's poorest countries climbed 9.5 per cent to a record 744 billion US dollars in 2019, according to the World Bank Group's latest International Debt Statistics (IDS)...

Gold traders accuse tax officials of harassment

DOULOT AKTER MALA 2020-10-13 09:49:01

The country's gold traders have alleged that they often face questions by tax officials on the gold they legalised through paying tax. Some VAT officials are seeking previous account details of the g...

Bangladesh's stimulus packages: Biggies look hungry, but minnows lose appetite

SIDDIQUE ISLAM 2020-10-13 09:43:46

A major portion of the stimulus package for large industries and services has been implemented while only 24.18 per cent was executed in another package for the CMSMEs until September 30. Nearly Tk 2...

Dhaka to seek duty-free access of RMG products to USA for three years

-- 2020-10-12 21:16:15

Foreign Minister AK Abdul Momen has said Dhaka will seek duty free access of Bangladeshi readymade garments (RMG) products to the US market for the next three years. Dhaka will make the request durin...

Paul Milgrom, Robert Wilson win Nobel in economics for work on auction theory

-- 2020-10-12 16:41:48

US economists Paul Milgrom and Robert Wilson won the 2020 Nobel Economics Prize for improvements to auction theory and inventions of new auction formats, the Royal Swedish Academy of Sciences said on...

Twitter flags Trump tweet for violating its rules

Reuters 2020-10-12 10:22:47

Twitter on Sunday (US standard time) flagged a tweet by Donald Trump in which the US President claimed he was immune to the coronavirus, saying it violated the social media platform’s rules abou...

Covid cranks up Bangladesh e-Commerce

FHM HumayanKabir 2020-10-12 09:41:45

Bangladesh's e-Commerce has got a big boost as its market size has swelled by 30 times over the last five years, insiders said on Sunday. The suppliers' and customers' devotion to the online platform...

100m rural people in Bangladesh to get high-speed internet this year

-- 2020-10-11 17:55:41

About 100 million rural people in Bangladesh are going to get high-speed internet access by the end of this year. The Bangladesh Computer Council (BCC), under the Department of Information and Commu...

Call for deferring Bangladesh's LDC graduation

FE REPORT 2020-10-11 10:11:37

Bangladesh should recommend the United Nations for deferring the next year's LDC (least developed country) graduation triennial review by three more years, considering the adverse impacts of Covid-19...

China to invest nearly $900b in power grids: State media

-- 2020-10-10 17:54:30

China will invest near $900 billion in the next five years to help further develop the country’s power grids, reports Reuters on Saturday citing the country’s official Xinhua News Agency....

Covid-19 to reshape Bangladesh's economic policies in medium term

UNB 2020-10-10 16:46:06

Covid-19 has had a major impact on the global economy. Bangladesh is no exception. An official document now suggests that the pandemic is going to have a massive influence on Dhaka's economic policies...

Twitter imposes more restrictions ahead of US election

Reuters 2020-10-10 11:38:42

Twitter said on Friday (US standard time) it will remove tweets calling for people to interfere with the US election process or implementation of election results, including through violence, as the c...

Bangladesh government debt swells as revenue wanes amid pandemic

JASIM UDDIN HAROON 2020-10-10 09:27:16

The government's debt soared in the first half of the current calendar year, fuelled by a sharp rise in its borrowing, an American consultancy has found. The government borrowing shot up by 3.5 perce...

‘WB’s growth projection inconsistent with Bangladesh’s economic recovery’

-- 2020-10-09 22:03:40

Finance Minister AHM Mustafa Kamal on Friday said that the World Bank’s latest growth projection is inconsistent with the current economic recovery of Bangladesh. “World Bank is a global...

Strict lockdowns may speed up economic recovery: IMF

-- 2020-10-09 20:35:23

Early lockdowns in an epidemic can substantially reduce infections, and policymakers should be wary of lifting them to jumpstart their economies when infections remain high, the International Monetary...

Call to adopt twin strategies for sustainable LDC graduation

FE REPORT 2020-10-09 09:50:54

Bangladesh needs to adopt twin strategies for sustainable LDC (least developed country) graduation so that it can avert possible adverse impacts, an economist said on Thursday. To avoid the adverse...

State-owned banks asked to pace up small loan flow for economic recovery

SIDDIQUE ISLAM 2020-10-09 09:30:21

Four state-owned commercial banks (SoCBs) have been asked to go for small and medium loans for faster execution of stimulus packages to accelerate recovery of the pandemic-hit economy. The central ba...

‘21.33pc households receive govt relief during pandemic’

-- 2020-10-08 23:10:09

Around 21.33 per cent households of the country received government assistance or relief items during the Covid-19 period, from March to August. Prime Minister’s Principal Secretary Dr Ahmad Ka...

Forex reserves top $40b for first time

FE Online Report 2020-10-08 19:24:18

The country’s foreign exchange (forex) reserve crossed US$40 billion mark for the first time on Thursday following lower import payment obligations and higher growth of inward remittance. ...