Search results for: EC

World Bank Vice President reiterates continued support to Bangladesh

FE ONLINE REPORT 2022-09-21 15:29:13

The World Bank’s Vice President for South Asia Martin Raiser reaffirmed the World Bank's continued support for green, resilient, and inclusive growth in Bangladesh. He made the assurance as his...

ADB lowers growth forecast for Asia and the Pacific to 4.3pc

FE ONLINE REPORT 2022-09-21 14:37:50

The Asian Development Bank (ADB) again lowered its forecasts for economic growth in developing Asia and the Pacific, amid mounting challenges that include increased monetary tightening by central bank...

World Bank to publicise Bangladesh's dev success

FE REPORT 2022-09-21 10:13:07

World Bank vice president for South Asia Region Martin Raiser sings the praise of Bangladesh's constant progress which he bills a role model for many countries to follow. Officials said the visiting...

ADP execution still in slow lane despite economic recovery

FHM HUMAYAN KABIR 2022-09-21 10:05:54

The government agencies have failed to improve their project execution capacity as they implemented only 3.85 per cent of the development budget in the July-August period of this fiscal year, official...

India says it starts talks with Sri Lanka on restructuring debt

-- 2022-09-20 20:35:56

India said on Tuesday it had begun talks with Sri Lanka on restructuring its debt and promised to support the crisis-hit neighbour mainly through long-term investments after providing nearly $4 billio...

Kamal seeks more ADB support to face post-LDC graduation challenges

-- 2022-09-20 19:10:11

Finance Minister AHM Mustafa Kamal has urged the Asian Development Bank (ADB) to provide more support to Bangladesh in facing the post-LDC graduation-related challenges. He made the request when ADB...

'Rocket mission': Five young men pursue a sky-high dream

FE REPORT 2022-09-20 12:26:20

They may have not gone to the same school or grown up in the same neighbourhood, but these five young men have one thing in common -- an insatiable passion for satellite technology, reports bdnews24.c...

Japan's inflation hits near 8-year high, stays above BOJ's target

REUTERS 2022-09-20 11:56:14

Japan's core consumer inflation quickened to 2.8 per cent in August, hitting its fastest annual pace in nearly eight years and exceeding the central bank's 2 per cent target for a fifth straight month...

Ecuador reaches deal with China to restructure debt

-- 2022-09-20 11:28:30

Ecuador has reached an agreement to restructure its debt with Chinese banks, the government said in a statement on Monday, providing debt relief worth some $1.4 billion until 2025. Ecuador's Presiden...

Dhaka seeks budgetary support confirmation

FHM HUMAYAN KABIR 2022-09-20 08:27:59

Bangladesh government Monday requested early confirmation of a World Bank-pledged loan worth US$1.0 billion for budget support and more funding to navigate economic headwinds blowing from global volat...

Over $1 billion remittance received till Sep 15

-- 2022-09-19 17:00:51

Bangladesh received inward remittance worth over $1.0 billion US dollars in the first 15 days of September, amid the forex crisis in the country. Bankers said remittance inflow shows an upward tren...

Frugal is the new cool for young Chinese as economy falters

REUTERS 2022-09-19 11:08:45

Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands. Instead, the 39-year old Sha...

Dhaka EPZ to get $25.62m investment in RMG sector

-- 2022-09-18 20:07:51

Hong Kong-Sri Lanka-Switzerland-owned company Ms Gava Private Limited is going to establish a garments manufacturing industry in Dhaka EPZ. This fully foreign-owned company will invest US$ 25.62 mill...

India economic growth to be sustained by consumer spending rebound

-- 2022-09-18 18:37:41

A sharp rebound in consumer spending and rising employment will sustain economic growth in India in the months ahead, the government said in its monthly economic review for August published on Saturda...

Oil prices to grow by between 2.0pc and 3.0pc this year and next

OPEC and IAEA say 2022-09-18 17:49:56

Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand. But no major forecaster is actually predicting one. Two of the...

NBR relaxes tax return submission for bank loans

-- 2022-09-18 16:15:43

The National Board of Revenue (NBR) has relaxed the condition of showing tax return documents for bank loans up to Tk 2.0 million. It issued a notification in this regard on Sunday with immediate eff...

New iPhones have Qualcomm satellite modem, new Apple radio chips

REUTERS 2022-09-18 11:55:12

Apple Inc's iPhone 14 models contain a Qualcomm Inc chip that can talk to satellites, but have additional custom-designed Apple components used in the phone's biggest new feature, according to an anal...

What is Black Sea Grain Initiative and why does it matter

-- 2022-09-17 20:50:10

Since Russia's invasion of Ukraine, exports of grain from Ukraine, as well as food and fertilisers from Russia, have been hit hard. The disruption in supplies pushed soaring prices even higher and co...

‘Sophisticated software, tech savvy manpower needed to check share market manipulation’

-- 2022-09-17 19:35:45

Chairman of Bangladesh Securities and Exchange Commission (BSEC), Professor Shibli Rubaiyat-ul Islam, has said sophisticated software and technologically knowledgeable manpower are required to check s...

Indonesia launches probe on Google Play Store payment services

-- 2022-09-16 19:35:57

Indonesia's anti-trust agency (KPPU) said on Thursday it is investigating potential unfair business practices by Google over the use of proprietary payment services for its software distribution platf...

China to help Bangladesh in developing insurance sector

-- 2022-09-16 16:15:01

Bangladesh Insurance Development and Regulatory Authority (IDRA) and Sinosoft Co. Ltd, a China-based company, have signed an agreement to develop the insurance industry in Bangladesh. Chinese Ambassa...

China's economy perks up but dogged by property crisis

REUTERS 2022-09-16 13:50:48

China's economy showed surprising resilience in August, with faster-than-expected growth in factory output and retail sales shoring up a fragile recovery, but a deepening property slump weighed on the...

World Bank fears rising risk of global recession in 2023

FE ONLINE DESK 2022-09-16 13:00:07

The world may be edging toward a global recession as central banks across the world simultaneously hike interest rates to combat persistent inflation, the World Bank said on Thursday. The world's thr...

YouTube, Meta will expand policies, research to fight online extremism

REUTERS 2022-09-16 12:24:30

Major tech companies on Thursday committed to taking fresh steps to combat online extremism by removing more violent content and promoting media literacy with young users, as part of a White House sum...

Elon Musk accuses Twitter of security lapses in court filing

-- 2022-09-16 12:11:11

Billionaire Elon Musk accused Twitter of fraud by concealing serious flaws in the social media company's data security, which the entrepreneur said should allow him to end his $44 billion deal for the...

IMF sees further global economic slowdown in third quarter

REUTERS 2022-09-16 09:04:42

Downside risks continue to dominate the global economic outlook and some countries are expected to slip into recession in 2023, but it is too early to say if there will be a widespread global re...

Bangladesh, ADB agree to complete projects timely to boost economic recovery

-- 2022-09-15 21:02:09

Bangladesh and the Asian Development Bank (ADB), at a tripartite portfolio review meeting (TPRM) on Thursday, discussed and agreed on actions to further improve the implementation of ADB-assisted proj...

Banks allowed to maintain Yuan accounts to settle cross-border transactions

-- 2022-09-15 20:09:41

Bangladesh Bank (BB) has allowed banks to maintain accounts in Yuan with their corresponding branches abroad to settle cross-border transactions in Chinese currency. "To bring wider scope, it has bee...

Tipu hopes road communication with Bhutan will help in boosting trade

-- 2022-09-15 18:59:30

Commerce Minister Tipu Munshi has said that the launching of road communication with Bhutan via a third country would boost bilateral trade, commerce and tourism. He also opined that communication be...

Sri Lanka's economy shrinks 8.4pc amid fertiliser, fuel shortages

-- 2022-09-15 18:40:52

Sri Lanka's economy shrank 8.4 per cent in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's...