Search results for: EC

Unilever's jt initiative to combat Covid-19

FE Online Desk 2020-05-11 17:41:05

Unilever Bangladesh with Bangladesh Red Crescent Society and 2030 Water Resources group are collaborating to prevent the spread of COVID-19 at Deputy Commissioner’s (DC) offices in 64 districts...

For central banks, hope for precision fades amid pandemic uncertainty

REUTERS 2020-05-11 11:32:58

Central bankers who have spent a generation researching how their words influence the economy and honing the craft of “forward guidance” are now effectively tongue-tied by a health crisis...

Vietnam's growth to slow to 2.7pc this year: IMF

Reuters 2020-05-11 11:19:13

Vietnam’s economic growth is seen slowing down to 2.7 per cent this year due to the coronavirus pandemic, but may pick up to 7.0per cent next year, the International Monetary Fund (IMF) has said...

BUILD suggests reprioritising ADP: Delay execution of non-priority projects

Doulot Akter Mala 2020-05-11 10:38:58

A public-private forum has suggested the deferment of 12 "non-priority" government development projects worth Tk 2.50 billion, considering the fast-spreading virus situation. The Business Initiative...

BB waives risk rating provision for biggies

Siddique Islam 2020-05-11 10:15:10

The banks will not have to follow the internal credit risk rating system (ICRRS) while providing loans to large industries and services companies under the Tk 300 billion stimulus package announced...

Post-COVID economic recovery depends on mgt quality: ADB

FHM Humayan Kabir 2020-05-11 09:53:50

Bangladesh's quick economic recovery from the COVID-19 depends on the length of the shutdown, and quality of the pandemic management measures, a senior Asian Development Bank official says. "The pe...

Nestlé Bangladesh stands by the distressed people

FE Online Desk 2020-05-11 00:19:00

In this unprecedented difficult time, Nestlé Bangladesh Limited stands by the distressed people and donated nutritious Nestlé food products to Prime Minister’s Relief & Welfare...

NBR formulating strategy considering pandemic to achieve target

-- 2020-05-10 21:46:18

The National Board of Revenue (NBR) on Sunday asked its field offices to formulate a strategy keeping the present condition in mind and expedite the collection of Value Added Tax (VAT) and thus achiev...

Loan defaulters can apply for stimulus package: BB

-- 2020-05-10 21:16:58

Bangladesh Bank (BB) has eased restrictions on clearing funds from the Tk 300 billion coronavirus stimulus package for industrial sectors allowing the loan defaulters to apply for the incentives. The...

Zoom gains popularity in Bangladesh during pandemic

-- 2020-05-10 17:05:41

Zoom, world’s most popular video communication service, has become a household name in many parts of the globe including Bangladesh during the pandemic of COVID-19. Since so many people have be...

64 officers to monitor agricultural activities across BD

-- 2020-05-10 16:33:44

The government has assigned an officer in each of Bangladesh's 64 districts to supervise agricultural activities with the aim of ensuring food security amid a rampant coronavirus outbreak in the count...

FY ’21 budget: CPD favours external funding to meet gap

FE REPORT 2020-05-10 09:56:50

The government should try to secure external financing to meet its budget gap for fiscal year 2020-21, said the Centre for Policy Dialogue, or CPD, on Saturday. "It is critically important to give he...

Waiver of container storage fees not to continue after May 16

-- 2020-05-09 19:58:39

The waiver of container storage fees at Chattogram Port Authority (CPA) yard would not be extended after May 16, CPA chairman Commodore Abul Kalam Azad has said. Following the demand of different bus...

CPD recommends increasing tax-free income threshold

-- 2020-05-09 18:23:07

The Centre for Policy Dialogue (CPD) has recommended to increase the tax-free income threshold level from Tk 250,000 to Tk 350,000 and not keeping the provision of black money whitening facility in th...

Aarong to reopen selected outlets with special health safety measures Sunday

FE Online Desk 2020-05-09 17:37:22

  A selected number of Aarong outlets are scheduled to reopen on Sunday (10 May), following the approval by the government for shops and markets to resume business after a shutdown lasting for o...

WHO readies coronavirus app for checking symptoms, possibly contact tracing

Reuters 2020-05-09 10:30:10

The World Health Organization (WHO) plans to launch an app this month to enable people in under-resourced countries to assess whether they may have the novel coronavirus, and is considering a Bluetoot...

IMF's Georgieva downbeat on global economic forecast

REUTERS 2020-05-09 10:00:38

The head of the International Monetary Fund on Friday signaled a possible downward revision of global economic forecasts, and warned the United States and China against rekindling a trade war that cou...

Low debt distress makes BD less vulnerable: IIF

JASIM UDDIN HAROON 2020-05-09 09:22:09

Bangladesh is less vulnerable to the COVID-19 pandemic as its debt-related risks are in a safe zone. The Washington-based IIF reached the conclusion while analysing 73 poor economies, which may need...

Grameenphone announces more initiatives and contributions to combat Covid-19

FE Online Desk 2020-05-08 16:36:33

Grameenphone announces a series of initiatives and contributions to stand by its commitment in supporting frontline health professional heroes, customers, and its retailers fighting the on-ground COVI...

Top US, China trade officials agree to strengthen cooperation

-- 2020-05-08 15:56:54

Top US and Chinese trade representatives discussed their Phase 1 trade deal on Friday with China saying they agreed to improve the atmosphere for its implementation and the United States saying both s...

India may see 0pc growth this fiscal year: Moody's

REUTERS 2020-05-08 15:45:41

The impact of the coronavirus outbreak will exacerbate the material slowdown in India’s economic growth, with the country expected to see 0 per cent expansion in the current fiscal year, analy...

Export earnings fall over 82pc in April

FE Online Report 2020-05-08 12:27:49

The country’s single month merchandise shipments in April this year witnessed 82.85 per cent negative growth to only US$520.01 million, the lowest during the current fiscal year, according to da...

Budget: MNOs suggest tax policy reform for telecom sector

FE Report 2020-05-08 09:29:58

The country's Mobile Network Operators (MNOs) have called upon the tax authority to bring in reforms in the tax policy for telecommunication industry to reap more benefit from them, according to the M...

Business relief package : Govt asks state banks to speed up process  

FE REPORT 2020-05-08 09:24:28

The ministry of finance on Thursday asked all state-owned banks to start procedures immediately for the implementation of relief packages the government offered to help businesses cushion the pandemic...

Bank of England sees worst slump in 300 years

REUTERS 2020-05-07 15:10:55

The Bank of England held off from further stimulus measures on Thursday but said it was ready to take more action to counter the country’s biggest economic slump in over 300 years, caused by the...

Remittance through bKash surges in April

FE Online Desk 2020-05-07 14:16:58

Despite a sluggish remittance inflow through regular channels amid Covid-19 outbreak, the amount of remittance sent by expatriate Bangladeshis through online or wallet based money transfer services h...

Philippine economy falls for first time in 22 years

-- 2020-05-07 14:16:21

The Philippines' gross domestic product (GDP) declined by 0.2 per cent in the first quarter of 2020, the first contraction since the fourth quarter of 1998, according to the Philippine Statistics Auth...

China April exports rise 3.5pc year-on-year

Reuters 2020-05-07 09:54:59

China’s exports rose 3.5 per cent in April from a year earlier, confounding market expectations for a sharp fall, as factories restarted production after the coronavirus pandemic, customs data s...

Uncertainty looms large over suspended interest

JASIM UDDIN HAROON 2020-05-07 09:32:17

Banking experts are divided over the latest central bank circular centring the suspension of interest on all types of loans for the months of April and May. Some tend to argue that the decision has c...

80pc low-income people see less earnings in one month

FE Report 2020-05-07 09:20:20

More than 80 per cent of rural and low-income population in the country experienced a decrease in earnings from February to March due to COVID-19 pandemic, according to a survey. Some 93 per cent of...