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The Financial Express

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Reopening will worsen coronavirus crisis: Mansur

Reopening will worsen coronavirus crisis: Mansur

-- 2020-05-31 10:59:13

Economic researcher Ahsan H Mansur has warned of socioeconomic instability and an eroding public trust in the government as Bangladesh is set to reopen offices and resume public transport system after...

Govt expects economy to rebound next fiscal

Govt expects economy to rebound next fiscal

FE REport 2020-05-31 09:25:51

The government is set to project the GDP growth rate for the fiscal year 2021 at 8.2 per cent, pinning its hope mainly on possible surge in domestic demand, powered by consumption and investment, offi...

Indian economy grows at slowest pace in eight years in Jan-March

Indian economy grows at slowest pace in eight years in Jan-March

Xinhua 2020-05-30 18:04:41

Indian economy grew at its slowest pace in eight years at 3.1 per cent for the fourth quarter of Jan-March and at 11-year low of 4.2 per cent for the fiscal year 2019-20 (April-March) widening the fis...

ADB provides assistance to augment COVID-19 facilities in BD

ADB provides assistance to augment COVID-19 facilities in BD

FE Online Report 2020-05-30 14:27:55

The Asian Development Bank (ADB) is providing US$231,178 grant to augment novel corona virus disease (COVID-19) related facilities in 134 urban primary health centres, also called Nogor Swastho Kendro...

Indian economy slows in March quarter, with worst to come

Indian economy slows in March quarter, with worst to come

REUTERS 2020-05-30 13:49:46

India’s economy grew at 3.1 per cent in the January-March quarter, its slowest pace in at least eight years, and the situation is expected to worsen rapidly, putting pressure on the government a...

COVID-19 second wave would undermine recovery: Fed chief

COVID-19 second wave would undermine recovery: Fed chief

-- 2020-05-30 12:23:34

US Federal Reserve Chairman Jerome Powell has said that he is concerned about a second wave of COVID-19 infections, which he believes would dampen consumer confidence and hurt economic recovery. "S...

IMF approves $732m for Bangladesh

IMF approves $732m for Bangladesh

FE Online Report 2020-05-30 11:28:45

The IMF Executive Board approved Friday US$ 732 million emergency assistance for Bangladesh under the Rapid Credit Facility (RCF) and Rapid Financing Instrument (RFI) to address the challenges posed b...

Tk 18b cut from three projects

Tk 18b cut from three projects

MUNIMA SULTANA 2020-05-30 09:38:51

The government has cut the demand for more than Tk 18 billion from three major projects, including the Padma Bridge scheme, to tackle the coronavirus pandemic in Bangladesh. According to officials, t...

NBR misses revenue target until April

NBR misses revenue target until April

DOULOT AKTER MALA 2020-05-30 09:31:38

The National Board of Revenue (NBR) lagged behind its revised target by 26.29 per cent until April due to an economic slowdown caused by the COVID-19 pandemic. The tax-collecting authorities have fac...

Pandemic saps BD economic strengths   

Pandemic saps BD economic strengths  

JASIM UDDIN HAROON 2020-05-30 09:21:09

The economy's almost all major indicators have dipped, drained by sluggish economic activities in the wake of shutdowns aimed at stemming the spread of coronavirus. Remittances, exports, imports, i...

COVID-19: Govt so far announces $11.90b stimulus packages

COVID-19: Govt so far announces $11.90b stimulus packages

-- 2020-05-29 19:38:58

The government has so far announced a set of stimulus packages worth around $11.90 billion (Taka 1.011 trillion to offset the COVID-19 shock on various sectors of the country and minimise the sufferin...

Online job posting drops by 87pc in April: ADB

Online job posting drops by 87pc in April: ADB

FE ONLINE REPORT 2020-05-29 18:50:47

The number of job postings on online job portals in Bangladesh dropped by 87 per cent in April this year, compared to same month of previous year, due to COVID-19 pandemic. The Asian Development Bank...

Vietnam's export down in first five months of 2020

Vietnam's export down in first five months of 2020

-- 2020-05-29 13:19:36

Vietnam's export and import turnovers in the first five months of 2020 decreased by 1.7 per cent and 3.8 per cent year-on-year respectively, the country's General Statistics Office said Friday. Expor...

Nepal focuses on health spending to fight COVID-19 in annual budget

Nepal focuses on health spending to fight COVID-19 in annual budget

REUTERS 2020-05-29 13:13:37

Nepal increased spending on health infrastructure in its annual budget unveiled on Thursday to stop the spread of the coronavirus and introduced measures to revive an economy that depends on tourism a...

India's economy seen slowing rapidly in March quarter, with worse to come

India's economy seen slowing rapidly in March quarter, with worse to come

REUTERS 2020-05-29 12:58:43

Gross domestic product data out later on Friday is expected to show India’s economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened alrea...

Linking four linear segments in Budget '21

Linking four linear segments in Budget '21

DEBAPRIYA BHATTACHARYA 2020-05-29 10:27:25

It is a severe understatement when one says that formulating Bangladesh's budget for the next one year -- while the stressed economy is reeling under growing, yet uncertain, devastating impact of the...

NBR on the hunt as tax shortfall looms

NBR on the hunt as tax shortfall looms

Doulot Akter Mala 2020-05-29 10:08:34

The National Board of Revenue, or NBR, has stepped in to bring the tax defaulters, who owe over Tk 0.5 million to the government, under its scanner. The income tax department of the board has instruc...

Govt cuts investment ceiling in postal savings bank by two-thirds

Govt cuts investment ceiling in postal savings bank by two-thirds

SYFUL ISLAM 2020-05-29 09:22:07

The government has cut the investment ceiling in postal savings instruments by two thirds taking into consideration their high interest rate, officials have said. From now on, for both term and ordin...

Huawei obtains world's first CC EAL4+ security certificate for 5G products

Huawei obtains world's first CC EAL4+ security certificate for 5G products

FE Online Desk 2020-05-28 18:18:05

Huawei, the global leading provider of ICT technologies, has won the world’s first Common Criteria (CC) Evaluation Assurance Level(EAL)4+ certificate for 5G products. This certificate indicate...

BD to attend NASA virtual hackathon on May 30-31

BD to attend NASA virtual hackathon on May 30-31

FE Online Report 2020-05-28 17:42:19

The virtual hackathon of the special event styled NASA Space Apps Covid-19 Challenge of the NASA is set to begin from Saturday (May 30, 2020).  Like every time, Bangladesh will participate in th...

Jt initiative of Amar Foods, Esho Shobai

Jt initiative of Amar Foods, Esho Shobai

FE Online Desk 2020-05-28 12:43:26

It all started in the early hours of Eid day. School teacher Abdur Rahman from Sadullahpur, Gaibandha was utterly surprised by the unique gesture of receiving EID essential groceries from Amar Fo...

South Korea cuts rates, flags worst year for economy since 1998

South Korea cuts rates, flags worst year for economy since 1998

Reuters 2020-05-28 12:17:43

South Korea’s central bank cut interest rates to a record low on Thursday as it warned the coronavirus pandemic would be worse for Asia’s fourth-largest economy than the 2008 global financ...

Fashion brands that 'exploit' BD suppliers face blacklisting

Fashion brands that 'exploit' BD suppliers face blacklisting

Thomson Reuters Foundation 2020-05-28 12:07:17

Bangladeshi manufacturers said on Wednesday that they would blacklist Western fashion brands that “exploit” them by failing to pay their bills due to the new coronavirus crisis, days after...

Google sees resurgence in state-backed hacking amid pandemic

Google sees resurgence in state-backed hacking amid pandemic

Reuters 2020-05-28 11:39:47

Security experts at Alphabet’s Google sent 1,755 warnings in April to users whose accounts were targets of government-backed attackers, following a resurgence in hacking and phishing attempts re...

Censoring social media not the 'right reflex': Zuckerberg

Censoring social media not the 'right reflex': Zuckerberg

Reuters 2020-05-28 10:03:15

Facebook Chief Executive Officer Mark Zuckerberg, commenting on US President Donald Trump’s threats against social media companies, said on Wednesday censoring a platform would not be the &ldquo...

COVID-19 knocks a third of European FDI

COVID-19 knocks a third of European FDI

-- 2020-05-28 09:52:36

Over a third of European foreign direct investment (FDI) projects announced in 2019 have been either delayed or cancelled outright because of the coronavirus pandemic, according to a survey. The annu...

EU unveils €750b plan for coronavirus recovery

EU unveils €750b plan for coronavirus recovery

-- 2020-05-27 18:17:21

The European Commission has unveiled a plan to borrow on the market and then disburse to EU countries 750 billion euros in grants and loans to help them recover from their coronavirus slump, giving an...

HSBC provides ‘Thank You’ lunch to COVID-19 healthcare providers 

HSBC provides ‘Thank You’ lunch to COVID-19 healthcare providers 

FE Online Desk 2020-05-27 18:10:22

The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh in partnership with The Ministry of Civil Aviation & Tourism and Bangladesh Red Crescent Society reached out to 3000 he...

FDI net inflows into Philippines reach $657m in Jan

FDI net inflows into Philippines reach $657m in Jan

-- 2020-05-27 16:17:14

Foreign direct investment (FDI) net inflows into the Philippines grew by 12.1 per cent in January this year to reach 657 million US dollars from 586 million US dollars posted in previous year, the BSP...

Asia Clean Energy Forum to be held virtually

Asia Clean Energy Forum to be held virtually

-- 2020-05-27 12:42:17

The15th annual Asia Clean Energy Forum (ACEF) will be held as a virtual and live-streamed event on June 15-19 focusing on a sustainable future. The Asian Development Bank (ADB), the US Agency for Int...