Search results for: EC

Romania keen to deepen ties with Bangladesh

-- 2022-06-30 16:43:26

Romanian Ministry of Foreign Affairs has expressed the country's willingness to deepen ties with Bangladesh on bilateral and multilateral fronts. “As we celebrate 50 years of Romania-Bangladesh...

BB raises key policy rate again in a bid to tame inflation

-- 2022-06-30 16:37:38

The central bank has raised its key interest rate, or repurchase agreement rate, by 50 basis points to 5.50 per cent as part of its efforts to control consumer prices. It is the second time Banglades...

Sri Lanka makes progress towards IMF credit

-- 2022-06-30 15:50:08

The International Monetary Fund reported constructive talks with Sri Lankan authorities on Thursday, raising hopes it could soon grant preliminary approval for a credit facility to alleviate a crisis...

War in Ukraine raises global shipping costs, stifles trade: UNCTAD

FE ONLINE REPORT 2022-06-30 14:45:26

The UN Conference on Trade and Development (UNCTAD) says the war in the Ukraine is stifling trade and logistics of the country and the Black Sea region, increasing global vessel demand and the cost of...

Parliament passes Finance Bill

FE REPORT 2022-06-30 08:35:35

Parliament passed Wednesday the Finance Bill 2022, with some much-debated provisions, to grant legal cover to a new national budget which critics say should have been more welfare-oriented in the cris...

Bangladesh holds talks with IMF for third day over budget support

FE ONLINE DESK 2022-06-29 22:48:59

The government officials held talks with the representatives of the International Monetary Fund (IMF) for the third day on Wednesday on borrowing funds from the Washington-based lender to narrow the b...

Bangladesh to get $500m WB loan for power supply modernisation

-- 2022-06-29 20:20:02

The government of Bangladesh has signed a loan agreement totaling US$500 million with the World Bank to modernise the rural electricity distribution system of Dhaka and Mymensingh. Economic Relations...

Millions risk malnutrition as wheat prices surge, warn FAO and OECD

-- 2022-06-29 20:16:49

The war in Ukraine that has stalled its wheat exports will keep global prices high into the 2022/23 season, putting millions more people at risk of undernourishment, the United Nations' food agency an...

Uttara EPZ to get $8.5 million investment

-- 2022-06-29 18:43:54

Bangladeshi company Texas Clothing Limited is going to establish a garments manufacturing industry in Uttara Export Processing Zone (UEPZ) with an investment of US$ 8.5 million. An agreement was sign...

BB to unveil monetary policy for FY23 Thursday

-- 2022-06-29 18:28:19

Bangladesh Bank (BB) is set to announce its flagship monetary policy statement (MPS) on Thursday for fiscal year 2022-23 (FY23). BB Governor Fazle Kabir will unveil the MPS tomorrow (Thursday) at 3...

World Bank approves $1.03b to improve regional trade in Bangladesh, Nepal

FE ONLINE REPORT 2022-06-29 17:13:36

The World Bank has approved $1.03 billion of financing to help improve regional trade in Bangladesh and Nepal by reducing trade and transport costs and transit time along the regional corridors. Th...

Gone are the days of story-telling video games

Fardeen Kabir 2022-06-29 16:40:05

Some game titles are embedded into our nostalgia as reminiscents of our ‘good old days.’ It was a time when having a computer with no GPU or a 256 MB RAM wasn’t a barrier to enjoying...

Hong Kong: Why business is not giving up on the Asian financial hub

-- 2022-06-29 12:26:27

On a cloudy June day, the Jumbo Floating Restaurant was towed out of Hong Kong's Aberdeen harbour. The giant six-storey structure - in the shape of a Chinese imperial palace - crept past...

Chip shortages result in record wire fraud reports by desperate buyers

REUTERS 2022-06-29 10:25:13

A severe semiconductor shortage has resulted in record wire fraud cases last year reported by desperate buyers, a company that tracks counterfeit and fraud in the chip industry said on Tuesday. ERAI...

Export earnings cross $50 billion in FY22

-- 2022-06-28 20:48:52

The country's exports crossed $50 billion for the first time ever in the outgoing fiscal, thanks to a record year for the readymade garments sector, according to an anonymous source at Export Promotio...

Japan to provide Tk 114.09b to Bangladesh for three projects

-- 2022-06-28 19:52:58

Japan will provide some 165,989 million Yen or approximately Tk 114.09 billion to Bangladesh for three projects. Out of the total amount, Japan will provide 1,65,861 million Yen or approximately Tk 1...

G7 leaders vow to hurt Russia economically

-- 2022-06-28 18:41:54

Leaders of the world’s wealthiest democracies struck a united stance to support Ukraine for “as long as it takes” as Russia’s invasion grinds on, and said they would explore fa...

Sri Lankan economy contracts 1.6pc in January to March quarter

-- 2022-06-28 18:34:20

Sri Lanka's economy contracted 1.6 per cent in the January to March quarter versus the same period a year earlier, data showed on Tuesday, and is expected to shrink even more in the current quarter am...

Global crop problems point to years of high food prices

-- 2022-06-28 18:19:43

Eric Broten had planned to sow about 5,000 acres of corn this year on his farm in North Dakota, but persistent springtime rains limited him to just 3,500 in a state where a quarter or more of the plan...

Project to widen Cox's Bazar marine-drive gets ECNEC nod

-- 2022-06-28 17:02:58

The Executive Committee of the National Economic Council (ECNEC) has approved a project to widen Cox's Bazar marine-drive, involving Tk10.92 billion, aiming to developing tourism industry in the reg...

Monetary policy to battle inflation

SIDDIQUE ISLAM 2022-06-28 08:12:51

Checking the wayward inflation without hampering the economic growth is the cornerstone in a new monetary policy the central bank is set to roll out, officials say. Outgoing Governor of the Banglades...

Country turns again to IMF after a decade

FHM HUMAYAN KABIR 2022-06-28 08:09:55

After the lapse of a decade, Bangladesh is likely to borrow funds from the International Monetary Fund (IMF) to narrow its budget deficit, seen as a bit high in current context. Ministry of Finance...

G7 nations debating price cap for Russian oil to curb Moscow's revenue

-- 2022-06-27 22:52:56

Group of Seven nations have engaged in a debate to put a global price cap for Russian oil that would curb Moscow's energy revenues and potentially limit its ability to fund its invasion of Ukraine, ac...

Milk production loan scheme extended to December 2024

-- 2022-06-27 22:41:34

Bangladesh Bank (BB) has extended the loan repayment time to December 2024 for the milk production loans scheme. As a result, the farmers, who borrowed for cows and calves’ farms at a 4 per cen...

Meta hires local experts to prevent hate speech through Facebook in Bangladesh

-- 2022-06-27 22:29:39

Facebook has hired Bangladeshi experts who understand the Bangla language, culture, and market to combat the spread of hate speech and extremist ideology through its platform in the country. Nawab Os...

Foxconn: Labour exploitation behind the glittering techs

Fardeen Kabir 2022-06-27 15:15:09

The tech industry is one of the most dynamic, progressive, and flamboyant industries in the world. The latest techs that drive us crazy are not only the symbols of new technological feats but they are...

Padma Bridge rakes in nearly Tk 21m in tolls on opening day

-- 2022-06-27 12:39:42

Authorities have collected nearly Tk 21 million in tolls as over 51,000 vehicles crossed the Padma Multipurpose Bridge on its first day of operation, bdnews24.com reports. After the bridge opened to...

Taiwan, United States to hold trade talks today

-- 2022-06-27 10:20:21

Taiwan and the United States will hold trade talks on Monday under a newly agreed framework, the office of the US Trade Representative said. Deputy US Trade Representative Sarah Bianchi will meet the...

G7 aims to raise $600 billion to counter China's Belt and Road

-- 2022-06-27 10:14:29

Group of Seven leaders on Sunday pledged to raise $600 billion in private and public funds over five years to finance needed infrastructure in developing countries and counter China's older, multitril...

New monetary policy to seek balance between credit flow and inflation

FE ONLINE DESK 2022-06-27 09:37:40

Amid an eight-year high CPI in May and record devaluation of the currency, both policy hawks and doves at the Bangladesh Bank have their sight on the four key challenges in the upcoming fiscal year- a...