Search results for: EC

Economist Zahid Hussain suggests a shift from conventional deficit budget

-- 2022-06-06 11:08:37

Economist Dr Zahid Hussain has suggested the government design an employment-friendly budget by keeping inflation in check and ensuring food security amid increasing import spending triggered by a ris...

Actual inflation higher than official figures, CPD economic review observes

FE REPORT 2022-06-06 08:46:06

Local think tank Centre for Policy Dialogue (CPD) on Sunday said the actual rate of inflation or price surge in the market would be much higher than the official figures. It said the official statist...

VAT from retail outlets rises 10 times on EFD use

FE REPORT 2022-06-06 08:16:31

The collection of value added tax (VAT) from retail outlets has increased ten times in general after the shops have started issuing Electronic Fiscal Device (EFD) generated invoices. Top officials of...

Default debt increases to Tk 1.1344 trillion by third quarter of FY22

-- 2022-06-05 20:53:23

The size of defaulted debt in Bangladesh has increased to Tk 1.1344 trillion by the third quarter of the current fiscal (FY 2021-22), a Tk 101.67 billion jump alone from the second quarter. Confirmin...

Inflationary pressure may affect sustainable pandemic recovery, says CPD

-- 2022-06-05 19:22:48

In the national budget for the next fiscal year, fiscal measures relating to the external sector should focus on addressing the adverse impacts of imported inflation, according to the Centre for Polic...

BGMEA urges EU to continue duty-free facilities after LDC graduation

-- 2022-06-05 18:37:07

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the European Union (EU) to continue GSP facilities for 10 to 12 years more after the country's graduation to a developing n...

Earn Tk 50000-70000 a month as a Backend Developer at Neovotech

FE Online 2022-06-05 14:56:17

Neovotech provides IT solutions like project management, technical debt reduction, MVP development, and e-commerce.  Vacancy: not specified Vacancy Type: Backend Developer Job Responsibilities...

China launches three astronauts to space station

-- 2022-06-05 11:23:45

China launched a spacecraft on Sunday carrying three astronauts to the Chinese space station, due to be completed by the end of the year, as construction entered a pivotal stage. A Long March-2F rock...

Minister for gradual cut in agri subsidy

FE REPORT 2022-06-05 08:30:47

Planning Minister MA Mannan on Saturday suggested slashing gradually the subsidies on agriculture despite massive price hike of the inputs in the international markets. "In recent years, the economic...

Focus on inflation, safety net

FE REPORT 2022-06-05 08:23:07

Budget focus should be on taming inflation, extending social- safety net and introducing ration cards for crisis-hit poor and low-income people rather than concentrating on growth only. Economists an...

Energy regulator to announce new gas price for consumers on Sunday

FE ONLINE DESK 2022-06-04 19:51:09

Bangladesh Energy Regulatory Commission (BERC) is going to announce a new price of natural gas at the consumer level on Sunday. BERC chairman Abdul Jalil is expected to hold a virtual press conferenc...

ICC Bangladesh endorses government's recommendations to avoid hard loans

FE ONLINE DESK 2022-06-04 19:33:39

ICC Bangladesh strongly endorses the recent recommendation made by the Ministry of Finance to avoid hard loans and discourage the import of luxury goods as this may reduce pressure on declining foreig...

EU deal on single mobile charging port likely June 7 in setback for Apple

-- 2022-06-04 17:31:39

EU countries and EU lawmakers are set to agree on a common charging port for mobile phones, tablets and headphones on June 7 when they meet to discuss a proposal that has been fiercely criticised by A...

46,000 people lose over $1.0b in crypto scams since 2021, says US report

-- 2022-06-04 16:33:09

More than 46,000 people reported losing over $1 billion in cryptocurrency scams since the start of 2021, the US Federal Trade Commission (FTC) said in a report on Friday. Nearly half the people who r...

A global recession in the making: Can Bangladesh avoid it?

-- 2022-06-04 11:45:47

World Bank President David Malpass and many other economists are worried over the possibility of a global recession, which they think is inevitable amid the Russia-Ukraine war following the pandemic....

China to launch next crewed mission on Sunday to build space station

-- 2022-06-04 10:44:23

China will launch a spacecraft on Sunday carrying three astronauts to the core module of the unfinished Chinese space station, where they will work and live for six months as construction enters advan...

Spain to grant more work visas to combat labour shortages

-- 2022-06-04 08:58:49

Spain plans to relax work permit rules for foreigners, its social security and migration minister said on Friday, to address labour shortages in industries such as tourism and construction that threat...

Deferring low-priority projects: Govt may execute plan from next fiscal year

SYFUL ISLAM 2022-06-04 08:39:07

The government is yet to start the procedures to defer implementation of the less- important development projects in order to curb spending from foreign-currency reserves amid its fast depletion, offi...

Protracted war threatens hunger crisis around the world, UN warns

-- 2022-06-03 19:19:49

United Nations officials have warned that a protracted war in Ukraine threatened a hunger crisis around the world. Marking 100 days since Russia invaded its neighbour, UN crisis coordinator Amin Awad...

Tech firms say India’s cyber rules may create 'environment of fear'

-- 2022-06-03 17:41:19

Indian cyber security rules due to come into force later this month will create an "environment of fear rather than trust", a body representing top tech companies has warned the government, calling fo...

Russia restricts export of key gases for production of chips

-- 2022-06-03 15:59:51

Sanctions-hit Russia has limited exports of noble gases such as neon, a key ingredient for making chips, until the end of 2022 to strengthen its market position, its trade ministry said on Thursday....

Food prices dip in May, cereal output set to decline, UN agency says

-- 2022-06-03 15:30:43

World food prices dipped in May for a second consecutive month after hitting a record high in March, although the cost of cereals and meat both rose, the United Nations' food agency said on Friday....

Australia's new PM backs wage hike to ease inflation pain

-- 2022-06-03 13:10:56

Australia's new centre-left Labor government on Friday proposed raising the minimum wage to ease the financial burden on families hit by soaring energy prices and a spike in consumer price inflation....

Malaysia reopens manpower market for Bangladesh

FE REPORT 2022-06-03 08:48:16

Malaysia reopens manpower market for Bangladesh after a four-year ban, paving the way for increasing overseas jobs and remittance, the government hopes. Minister for Expatriates' Welfare and Overseas...

Pay Tk 1.5m to families of each adulterated paracetamol victim: HC

-- 2022-06-02 21:16:32

The High Court has ordered the Directorate General of Drug Administration of DGDA to pay Tk 1.5 million to every family of the 104 children who died after consuming adulterated paracetamol syrup in tw...

Taka depreciated further by 90 paisa

SIDDIQUE ISLAM 2022-06-02 19:42:16

The local currency has further depreciated significantly against the US dollar mainly due to higher demand for the greenback for settling import-payment obligations. The Bangladesh Taka (BDT) currenc...

BB allows taka exchange rate to float against dollar

-- 2022-06-02 16:32:26

Bangladesh Bank has decided to allow the exchange rate for the taka to float against the dollar in a major shift from the managed rate. This means the price of the dollar in the market will be dete...

Merchandise export fetches $47.17b in 11 months of FY '22

FE ONLINE REPORT 2022-06-02 15:41:32

The country's merchandise export earnings maintained hefty growth during the first eleven months of the current fiscal year recording over 34 per cent rise year on year following the good performanc...

Farashuddin urges for reducing reliance on imports for self-sufficient economy

-- 2022-06-02 11:42:36

Former Bangladesh Bank governor Mohammed Farashuddin thinks the next national budget should focus on efforts to build a self-sufficient economy by reducing dependency on imports, bdnews24.com reports....

GDP growth may slow to 6.5pc

JASIM UDDIN HAROON 2022-06-02 08:48:02

Bangladesh's real GDP growth may slow to 6.5 per cent in the next fiscal year (FY 2022-23), says a global rating agency that attributes the slowdown to a slew of headwinds. In the process of rebound...