Search results for: EC

Italy sees end-2020 debt-to-GDP ratio at 155pc-159pc

-- 2020-04-22 10:23:44

The Rome government sees Italy’s debt-to-GDP ratio surging to between 155 per cent and 159 per cent of national output this year, sources close to the matter told Reuters, as it increases borrow...

Bond yield drops as banks invest surplus liquidity

Siddique Islam 2020-04-22 08:52:24

The interest rate on Bangladesh Government Treasury Bonds (BGTBs) dropped on Tuesday as the commercial banks preferred investing their surplus liquidity created due to the coronavirus outbreak in the...

Yet another cut in tax revenue target likely

Doulot Akter Mala 2020-04-22 08:36:46

The government is considering revising further the tax collection target for the current fiscal year (FY2019-20) in view of the impact of coronavirus pandemic on the economy. The ministry of finance...

Huawei announces Q1 2020 business results

FE Online Desk 2020-04-21 22:56:32

Huawei on Tuesday announced its business results for the first quarter of 2020. In Q1 of this year, Huawei generated USD 25.7 billion in revenue, an increase of 1.4% year-on-year. The company's net...

BD economy loses Tk 33b every day during shutdown: Study

-- 2020-04-21 18:37:03

The Bangladesh economy is losing Tk 33 billion every day from its service and agriculture sectors during the nationwide shutdown over the coronavirus outbreak, a new study says. Researchers from Dhak...

Govt rolls out Tk 1.0b in subsidy for farm machinery purchase

-- 2020-04-21 15:50:21

The government has allocated Tk 1 billion to provide subsidy to farmers for buying agricultural machinery in fiscal 2019-20 to reduce production costs and increase crop yield. The Ministry of Agricul...

India restarts factories, farming in rural areas even as coronavirus cases rise

REUTERS 2020-04-21 12:04:00

Some shops and businesses opened in rural India on Monday as part of a staggered exit from a weeks-long lockdown that has left millions out of work and short of food, while coronavirus infections rose...

BB policy supports give banks manoeuvrability

SIDDIQUE ISLAM 2020-04-21 08:59:21

The central bank's policy support is helping banks manage their funds, despite higher withdrawal pressure on cash even as deposits shrink in the aftermath of coronavirus outbreak. People are now with...

CSE proposes Tk 10.50b stimulus package

FE Online Report 2020-04-20 20:46:50

The Chittagong Stock Exchange (CSE) has proposed a Tk 10.50 billion package for its small investors and brokers to survive from huge business losses due to the ongoing crisis of pandemic Covid-19. Th...

Kamal seeks $1.0b budget support from ADB in FY21

-- 2020-04-20 19:29:45

Finance Minister AHM Mustafa Kamal has sought $1.0 billion budget support in the next fiscal year (FY21) in addition to $500 million budget support in current fiscal to overcome the shock of novel cor...

Tk 30b refinancing fund for low-income groups

-- 2020-04-20 18:54:50

The Bangladesh Bank has announced a Tk 30 billion refinancing fund for low-income professionals, farmers and small-business owners affected by the coronavirus shutdown. The interest rate on the loans...

Govt plans to reopen some export-oriented industries

-- 2020-04-20 17:17:41

Prime Minister Sheikh Hasina said the government has a plan to allow the reopening of some export-oriented industries on a limited scale if the guidelines on health and safety are properly maintained...

'Fixing banking sector key to blunting coronavirus shock'

A.Z.M. ANAS 2020-04-20 08:58:12

Underlining the importance of overhauling the banking sector, the International Monetary Fund, or IMF, has said only a sound financial system can speed up an economic rebound as Bangladesh battles...

$100m sought from WB for poultry, dairy sectors: Minister

-- 2020-04-19 21:14:56

Fisheries and Livestock Minister SM Rezaul Karim on Sunday said he sent a proposal to the World Bank (WB) seeking about $100 million under its Livestock and Dairy Development Project (LDDP) as an emer...

Emphasis on reviving local economy to boost supply of essentials  

-- 2020-04-19 20:40:24

Civil society leaders at a virtual press conference on Sunday demanded that the local economy be revived even as health and safety measures are maintained, to boost production and sustain the supply c...

Modhumoti Bank distributes foods among poor families

FE Online Desk 2020-04-19 16:02:46

Modhumoti Bank Limited has come forward to serve the humanitarian cause in the situation of coronavirus epidemic. Under the CSR program, Modhumoti Bank Limited has been providing food items to helples...

Brazil's economy could recover in fourth quarter, says central bank president

REUTERS 2020-04-19 15:58:41

Brazil’s central bank president Roberto Campos Neto said on Saturday that Latin America’s largest economy will begin to recover from the coronavirus crisis in the fourth quarter, according...

Facebook launches third-party fact-checking programme in Bangladesh

-- 2020-04-19 13:45:13

Facebook authorities on Sunday launched a third-party fact-checking programme in Bangladesh to reduce the spread of misinformation and improve the quality of the news people find online. Facebook wil...

Amazon using thermal cameras for temperature check

Reuters 2020-04-19 12:30:08

Amazon has started to use thermal cameras at its warehouses to speed up screening for feverish workers who could be infected with the coronavirus, employees told Reuters news agency. The cameras in...

Govt requests World Bank for early release of US$250m budget aid

FHM HumayanKabir 2020-04-19 08:51:00

The government has requested the World Bank, or WB, to disburse US$250 million as budgetary support within this fiscal from the $750 million the global lender had pledged to offer as development suppo...

India toughens rules on investments from neighbours

-- 2020-04-18 20:54:13

India has stepped up scrutiny of investments from companies based in neighbouring countries, in what is widely seen as a move to stave off takeovers by Chinese firms during the coronavirus outbreak, r...

Export earnings fall 18.29pc in March

FE Online Report 2020-04-18 15:17:38

The country’s single month merchandise shipments in March’20 witnessed 18.29 per cent negative growth to $2.73 billion US dollar, the lowest during the current fiscal year, according to da...

WB to launch COVID-19 emergency programmes in over 100 countries

-- 2020-04-18 12:12:02

The World Bank Group (WBG) is expected to launch health emergency programs in over 100 countries by the end of April to support the fight against COVID-19, with 64 already in operation, President Da...

Govt asks importers to expedite import of essential items

RezaulKarim 2020-04-18 08:54:22

The government has stepped up measurers for enhancing imports of key essential commodities to keep their supply and prices stable in the market during Ramadan which will start in late April, officia...

Poorer countries face big risks in easing restrictions

AP 2020-04-17 19:47:27

Many developing countries want to follow in the footsteps of some wealthier Western countries to ease coronavirus restrictions, but they cannot afford any missteps. They lack the key tools — a...

Chinese economy sees worst downturn in seven decades

AP 2020-04-17 19:29:37

China’s economy suffered its biggest contraction since possibly the mid-1960s after it told millions of people to stay indoors as measure to fight the coronavirus pandemic. The world's second-l...

Move to save fisheries sector from pandemic fallout

TALHA BIN HABIB 2020-04-17 17:13:12

The government has taken measures to save the country’s fisheries sector from the possible financial damages caused by the coronavirus pandemic, an official said. Under the move, the Ministry o...

Italy sees 2020 budget deficit near 10pc of GDP

-- 2020-04-17 15:55:33

Italy’s budget deficit will be near 10 per cent of gross domestic product (GDP) this year, a senior government official told Reuters, as Rome increases borrowing to try to soften the impact of t...

US small business may need $500b monthly to survive: Fed

-- 2020-04-17 12:52:32

US small businesses may need up to $500 billion a month to ensure their survival through the coronavirus crisis, the head of the Atlanta Federal Reserve Bank said on Thursday as Fed officials voice...

China posts first GDP decline on record as coronavirus cripples economy

REUTERS 2020-04-17 10:35:07

China’s economy shrank for the first time since at least 1992 in the first quarter, as the coronavirus outbreak paralysed production and spending, raising pressure on authorities to do more to s...