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PTA between Bangladesh, Bhutan likely to be signed by Sept

PTA between Bangladesh, Bhutan likely to be signed by Sept

REZAUL KARIM 2020-09-01 09:52:49

Signing of a preferential trade agreement (PTA) between Bangladesh and Bhutan has been delayed further as two neighbouring countries are yet to get approval to this effect, officials said. The countr...

RMG exports again in positive territory

RMG exports again in positive territory

MONIRA MUNNI 2020-09-01 09:17:16

Bangladesh's ready-made garment (RMG) exports in August witnessed a robust 44.63 per cent growth year-on-year. The positive development came after seven months of consecutive negative growth since Ja...

Indian economy likely to see record quarterly slump as pandemic hits

Indian economy likely to see record quarterly slump as pandemic hits

-- 2020-08-31 11:05:23

India’s economy likely suffered its largest quarterly slump on record, data is expected to show on Monday, as coronavirus-related lockdowns add to already-declining consumer demand and investmen...

Private sector credit growth increases

Private sector credit growth increases

-- 2020-08-30 22:34:55

Private sector lending rate of the country has begun rising to recover from a decade-low growth after investments plunged amid the coronavirus pandemic at the end of 2019-20 fiscal year. The loans di...

Asteroid over 22 metres in diameter to pass by Earth on Tuesday: NASA

Asteroid over 22 metres in diameter to pass by Earth on Tuesday: NASA

-- 2020-08-30 19:41:24

An asteroid with diameters between 22 and 49 metres will shoot pass Earth in a distance closer than Earth from the Moon on Tuesday, according to the US National Aeronautics and Space Administration (N...

Economists emphasise creativity for securing revenue earning

Economists emphasise creativity for securing revenue earning

-- 2020-08-30 14:06:37

Amid a slowdown in economic activities due to the coronavirus pandemic, noted economists have suggested the government should be more creative and tactful to get close to meeting the ambitious target...

Bangladesh economy 'narrow', dominated by RMG, remittances: ADB

Bangladesh economy 'narrow', dominated by RMG, remittances: ADB

FHM HUMAYAN KABIR 2020-08-30 09:57:53

The Asian Development Bank (ADB) has said Bangladesh's growth-induced poverty reduction would not be sustained unless it ramps up investment and diversify the economy. But the financial sector's inef...

India ready to tie up with ASEAN in generics, medical tech for fighting Covid-19

India ready to tie up with ASEAN in generics, medical tech for fighting Covid-19

-- 2020-08-29 19:08:01

India is willing to collaborate with the ten-member ASEAN in the production of generic drugs and medical technologies used for the treatment of Covid-19 patients, Commerce and Industry Minister Piyush...

UAE cancels Israel boycott, allows economic agreements

UAE cancels Israel boycott, allows economic agreements

-- 2020-08-29 16:13:17

The president of the United Arab Emirates (UAE) has issued a decree cancelling a law on boycotting Israel and allowing trade and financial agreements between the two countries, the UAE official news a...

Foreign funding for Bangladesh NGOs drops sharply

Foreign funding for Bangladesh NGOs drops sharply

Saif Uddin 2020-08-29 09:51:08

Foreign donors' commitment to NGOs operating in Bangladesh for providing them with funds through a government regulatory body has declined sharply in the last fiscal year (FY) 2019-2020 mainly due t...

China's Mars probe travels around 100m kilometres

China's Mars probe travels around 100m kilometres

Xinhua 2020-08-28 16:55:56

China's Mars probe Tianwen-1 has travelled around 100 million km as of 10:08am Friday, according to the China National Space Administration (CNSA). The Mars probe is in stable condition and its multi...

AIIB approves $100m loan to Bangladesh to fight Covid-19

AIIB approves $100m loan to Bangladesh to fight Covid-19

REUTERS 2020-08-28 15:42:04

Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Friday it would lend $100 million to Bangladesh to help the country deal with the Covid-19 pandemic. The project will be co-financed...

Recovery hopes dashed for India's recession-hit economy

Recovery hopes dashed for India's recession-hit economy

REUTERS 2020-08-28 13:07:40

India’s deepest recession on record will linger through the rest of this year and begin to lift only in early 2021 as a rapid surge in the coronavirus spread squelches a nascent rebound in consu...

Govt upbeat about 8.2pc growth

Govt upbeat about 8.2pc growth

FE REPORT 2020-08-28 09:50:25

Planning Minister M A Mannan on Thursday said the projected 8.2 per cent economic growth would be achieved in this fiscal year (FY), 2020-21, as the economy would rebound at a higher pace than earlier...

Developing nations including Bangladesh risk a lost decade: IMF   

Developing nations including Bangladesh risk a lost decade: IMF  

FE ONLINE REPORT   2020-08-27 23:36:09

Growth in low-income developing countries (LIDCs) is likely to come to a standstill this year, compared to growth of 5.0 percent in 2019, according to the International Monetary Fund (IMF). The globa...

Swiss government sees GDP turning positive in Q3

Swiss government sees GDP turning positive in Q3

Reuters 2020-08-27 16:06:32

Switzerland’s COVID-19 battered economy will return to growth in the third quarter (Q3) compared with the second quarter, a government economist said on Thursday, citing a better than expected r...

ADB unveils $11b lending plan for Bangladesh over three years

ADB unveils $11b lending plan for Bangladesh over three years

-- 2020-08-27 15:15:26

The Asian Development Bank has programmed $5.9 billion firm and $5.2 billion standby project assistance for Bangladesh in 2021-2023, according to the new Country Operations Business Plan for Banglades...

ESCAP, Switzerland to partner for disaster relief in Asia Pacific

ESCAP, Switzerland to partner for disaster relief in Asia Pacific

FE Online Desk 2020-08-27 14:25:28

The Government of Switzerland has pledged USD 300,000 in contributions for the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) Multi-Donor Trust Fund for Tsunami, Disast...

'Lockdown' blow to low-income families

'Lockdown' blow to low-income families

FE Report 2020-08-27 09:29:39

About 96 per cent of families with low socio-economic status experienced a reduction in their average monthly earnings during the 'lockdown' period, a new ICDDR,B study revealed on Wednesday. It also...

US economy could degrade to "no growth at all" without Covid-19 relief bill: Economists

US economy could degrade to "no growth at all" without Covid-19 relief bill: Economists

-- 2020-08-26 15:10:52

The US economy could degrade to "no growth at all" if Congress fails to pass the next Covid-19 relief bill, two renowned American economists warned on Tuesday. "If senators still fail to resolve stal...

NBR launches EFDs to contain VAT evasion

NBR launches EFDs to contain VAT evasion

FE REPORT 2020-08-26 09:42:12

The National Board of Revenue (NBR) introduced on Tuesday the long-awaited electric fiscal devices (EFDs) on a pilot basis to check VAT evasion in businesses. NBR chairman Abu Hena Md Rahmatul Muneem...

Declaration of undisclosed money: Govt agencies won't ask questions about sources

Declaration of undisclosed money: Govt agencies won't ask questions about sources

FE REPORT 2020-08-26 09:34:32

The National Board of Revenue (NBR) chairman on Tuesday said the people concerned will be able to challenge in the court of law, if any government agency asks questions about the source while declarin...

Govt endorses five development projects worth TK 25.70b

Govt endorses five development projects worth TK 25.70b

FE Online Report 2020-08-25 15:56:29

The government on Tuesday in Dhaka endorsed five development projects at a combine cost of Tk 25.70 billion. Presided over by the Prime Minister Sheikh Hasina, the Executive Committee of the National...

Asia-Pacific govts meet to modernise official statistics to ensure no one is left behind

Asia-Pacific govts meet to modernise official statistics to ensure no one is left behind

FE Online Desk 2020-08-25 14:44:45

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) will bring together senior statisticians, government officials and leading experts this week to review how official s...

Global tourism lost $320 billion in five months from virus: UN

Global tourism lost $320 billion in five months from virus: UN

-- 2020-08-25 12:58:13

The tourism global industry has been devastated by the coronavirus pandemic, with $320 billion lost in exports in the first five months of the year and more than 120 million jobs at risk, the UN chief...

Nepal sees record high forex reserves in FY 2019-20

Nepal sees record high forex reserves in FY 2019-20

-- 2020-08-25 12:24:27

Nepal reported the record high foreign exchange reserves in the last fiscal year 2019-20 that ended in mid-July as the country's import slumped amid Covid-19 and less-than-estimated decrease in remitt...

Re-financing scheme: Loan disbursement time may be extended until December

Re-financing scheme: Loan disbursement time may be extended until December

REZAUL KARIM 2020-08-25 09:55:23

The period of loan disbursement by the banks concerned under the central bank's 'special incentive re-financing scheme for the agriculture sector' is likely to be extended until December next, sourc...

DSCC identifies 19 new sectors for collecting tax

DSCC identifies 19 new sectors for collecting tax

FE REPORT 2020-08-25 09:52:43

The authority of the Dhaka South City Corporation (DSCC) has identified 19 new areas for gearing up its revenue collection efforts for fiscal year 2020-21 (FY '21) aiming to provide better services to...

FRC warns against doctoring financials

FRC warns against doctoring financials

FE REPORT 2020-08-25 09:30:17

Financial watchdog has again warned against cooking up company financials. The Financial Reporting Council (FRC) said it will take tougher action as per the act if the practice is not stopped immedia...

Malaysia's latest economic index shows sign of recovery in H2

Malaysia's latest economic index shows sign of recovery in H2

-- 2020-08-24 14:12:02

Malaysia's leading index grew at a faster pace in June, rising 4.5 per cent year on year, signaling an economic recovery in the second half, said its statistics department Monday. Malaysian Statistic...