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The Financial Express

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Govt eyes 30m jobs by 2030

Govt eyes 30m jobs by 2030

MONIRA MUNNI 2020-08-24 09:19:37

The government has drafted a policy aiming to create about 30 million fresh jobs by 2030, officials say. The policy, first of its kind, has put emphasis on employment based on subjects and sectors wi...

Inflation drops owing to low consumption amid pandemic

Inflation drops owing to low consumption amid pandemic

-- 2020-08-23 21:15:40

Bangladesh began FY21 with a drop in inflation and a researcher believes low consumption due to the coronavirus pandemic pushed the key indicator down. Point-to-point general inflation fell to 5.53 p...

JICA to implement a food value chain development project

JICA to implement a food value chain development project

-- 2020-08-23 17:25:42

The Japan International Cooperation Agency (JICA) will implement a food value chain development project at a cost of about Taka 8.82 billion to process agricultural products and expand agribusiness in...

Economic crisis caused by COVID-19 "most synchronised" in history, says economist

Economic crisis caused by COVID-19 "most synchronised" in history, says economist

Xinhua 2020-08-23 16:29:31

The economic crisis caused by the novel coronavirus pandemic is the "most synchronized" in history and its prospects of recovery is quite uncertain, Colombian economist Jose Antonio Ocampo said on Sat...

Better business environ needed to attract FDI

Better business environ needed to attract FDI

FE REPORT 2020-08-23 09:58:49

Disparity between local and foreign investors, a lack of improved business environment and corruption, among others, are key barriers to attracting foreign direct investment (FDI). Speakers, stretchi...

NBR decides to conduct internal survey this yr

NBR decides to conduct internal survey this yr

DOULOT AKTER MALA 2020-08-23 09:43:22

The National Board of Revenue (NBR) has decided to conduct this year internal survey involving different government agencies to net in new taxpayers, instead of the door-to-door survey carried out ear...

Financial sector clocks lower growth in FY'20

Financial sector clocks lower growth in FY'20

FHM HUMAYAN KABIR 2020-08-23 09:33:51

All the financial sub-sectors recorded decline in their growth rates in the immediate past fiscal year (FY 2019-20). The sub-sector (monetary intermediation) had the worst time in many years. Overall...

China's garment industry sees lower revenues in H1

China's garment industry sees lower revenues in H1

-- 2020-08-22 14:06:55

China's garment industry registered shrinking revenues and profits in the first half of the year, but the decline was narrower, data from the Ministry of Industry and Information Technology (MIIT) sho...

Nominal wage growth continues to decline

Nominal wage growth continues to decline

FE Online Report 2020-08-22 13:45:51

Country’s combined nominal wage rate of agriculture, industry and services in the last fiscal year (FY20) increased by the slowest pace in the last five years. Wage Rate Index (WRI), released b...

BB backs Basic Bank's stance

BB backs Basic Bank's stance

SYFUL ISLAM 2020-08-22 10:13:15

Bangladesh Bank (BB) has endorsed a stance of Basic Bank not to reschedule the loans, taken through fraudulent acts, by paying 2.0 per cent down payment, officials said. "The board of directors of...

Pandemic wreaks havoc on jobs, pay

Pandemic wreaks havoc on jobs, pay

Monira Munni and Saif Uddin 2020-08-22 10:02:04

Hundreds and thousands have lost their jobs while many others faced wage cuts due to the adverse impact of Covid-19 pandemic on all sorts of economic activities, according to available information. R...

Kamal urges banks to embrace digital tech

Kamal urges banks to embrace digital tech

FE REPORT 2020-08-21 09:49:31

Finance minister AHM Mustafa Kamal has exhorted both public and private banks to use digital financial inclusion to take services to customers' doorsteps through an easy and safer mode. "I'm hopeful...

TF formed to fight fake audit reports

TF formed to fight fake audit reports

FE REPORT 2020-08-21 09:44:39

The Central Intelligence Cell (CIC) has set up a task force (TF) to curb submission of fake audit reports by corporate taxpayers to taxmen. The team of intelligence officials will also ensure submiss...

Banks' excess liquidity hits record Tk 1.40t

Banks' excess liquidity hits record Tk 1.40t

SIDDIQUE ISLAM 2020-08-21 09:30:09

Banks' excess liquidity hit the all-time high of around Tk 1.40 trillion in June, fuelled by the government's higher borrowing from the country's banking system to partly meet its budget deficit. L...

South Korea's foreign debt grows to $503.1b in Q2

South Korea's foreign debt grows to $503.1b in Q2

-- 2020-08-20 16:22:13

South Korea's foreign debt grew in the second quarter (Q2) as foreigners bought local state bonds, the finance ministry said Thursday. The country's foreign debt amounted to 503.1 billion US dollars...

Facebook employees internally question policy after India content controversy

Facebook employees internally question policy after India content controversy

REUTERS 2020-08-20 14:52:37

Facebook and its top lobbying executive in India, Ankhi Das, are facing questions internally from employees over how political content is regulated in its biggest market, according to sources with dir...

Bangladesh receives record foreign loans in pandemic

Bangladesh receives record foreign loans in pandemic

-- 2020-08-20 14:34:28

The government received a record 1.98 billion US dollar in loans from donor countries and agencies in June amid the coronavirus (COvid-19) pandemic. The previous highest total foreign loans in a mont...

Gmail is down globally as users face issues with log-in, attachments

Gmail is down globally as users face issues with log-in, attachments

-- 2020-08-20 14:32:44

Gmail users across the world have been left crippled thanks to an outage on the email service that is not allowing users to send attachments via mail. Gmail users took to social media to complain abo...

India faces protracted slowdown as virus clouds rural revival

India faces protracted slowdown as virus clouds rural revival

REUTERS 2020-08-20 13:29:42

India is staring at a protracted slowdown as coronavirus cases reach its countryside, with signs of recovery in the rural economy hailed by Prime Minister Narendra Modi “at best a mitigating fac...

Large companies foresee poor sale, tax payment

Large companies foresee poor sale, tax payment

Doulot Akter Mala 2020-08-20 09:41:23

Most of the large taxpayers are apprehending a sharp slide or poor growth in their sale and probable payment of consumption tax in the current fiscal year (FY), 2020-21. They have apprised the Large...

Facebook poses 'danger to public health': Report

Facebook poses 'danger to public health': Report

-- 2020-08-19 18:59:54

Health misinformation on Facebook was viewed 3.8 billion times in the past year, peaking during the Covid-19 crisis, said a report of activist group Avaaz. Avaaz which conducted the research, said Fa...

Taiwan aims to become Asian financial hub

Taiwan aims to become Asian financial hub

-- 2020-08-19 13:32:01

Taiwan will further liberalise its economy and offer more financing products, aiming to become an Asian financial and asset management hub, President Tsai Ing-wen said on Wednesday, pitching the islan...

Savings certificates sales rise in pandemic

Savings certificates sales rise in pandemic

-- 2020-08-19 10:21:54

When people are struggling to earn enough to pay for basic needs like food and housing due to the coronavirus pandemic, sales of savings certificates have gone up in Bangladesh. Researchers have call...

ADB approves $50m to bankroll PPP infrastructure projects

ADB approves $50m to bankroll PPP infrastructure projects

FE Online Report 2020-08-18 18:14:24

The Asian Development Bank (ADB) on Tuesday approved US$50 million loan to Bangladesh for bankrolling some public-private partnership (PPP) infrastructure projects. The ADB financing will help implem...

Pandemic creates a situation of hidden hunger in Bangladesh

Pandemic creates a situation of hidden hunger in Bangladesh

FE ONLINE DESK 2020-08-18 15:23:54

The coronavirus pandemic has created a situation of hidden hunger in Bangladesh, which can be detrimental to the physical and mental development of infants and children, according to a study report....

Malaysia's inflation declines 1.3pc in July

Malaysia's inflation declines 1.3pc in July

-- 2020-08-18 14:35:52

Malaysia's inflation, measured by consumer price index (CPI), declined 1.3 per cent year-on-year in July, official data showed Tuesday. The Malaysian Statistics Department said in a statement that th...

Egypt's unemployment rate up to 9.6pc in Q2

Egypt's unemployment rate up to 9.6pc in Q2

-- 2020-08-18 12:06:09

Egypt's unemployment rate rose to 9.6 per cent in the second quarter of 2020 from 7.7 per cent in the previous quarter of the year due to the coronavirus outbreak, the state-run statistics agency has...

Forex reserves cross $38b for first time

Forex reserves cross $38b for first time

-- 2020-08-18 09:55:45

Bangladesh’s foreign exchange reserves have crossed US$38 billion mark for the first time amid the coronavirus pandemic. The central bank's foreign reserves reached the milestone on Monday than...

Service-sector export earnings drop 5.56pc

Service-sector export earnings drop 5.56pc

FE REPORT 2020-08-18 09:30:50

Bangladesh's export earnings from the service sector stood at US$6.13 billion registering a 5.56 per cent negative growth in the just-concluded fiscal year 2019-20, the official data showed. The coun...

Govt lobbying hard for WB budget aid

Govt lobbying hard for WB budget aid

FHM HUMAYAN KABIR 2020-08-18 09:20:51

The government is trying to receive $250 million budget support the World Bank pledged to offer, helping the country lower its fiscal deficit in the current financial year, officials said on Monday....