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The Financial Express

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Hong Kong seeks to revive global banking status

Hong Kong seeks to revive global banking status

-- 2022-05-27 11:29:01

Hong Kong's central bank plans to hold a major conference in November it hopes will draw global banking bosses, sources said, as the financial hub seeks to welcome back international business followin...

MCCI suggests caution in spending forex

MCCI suggests caution in spending forex

FE REPORT 2022-05-27 09:12:56

The MCCI, Dhaka recommended cautionary measures in spending foreign currencies to contain rising import cost and help save foreign-currency reserves for the sake of ensuring the country's macroecono...

Bankers push for further taka devaluation

Bankers push for further taka devaluation

SIDDIQUE ISLAM 2022-05-27 08:36:46

Bangladesh's top bankers are going to suggest the central bank to let the local currency depreciate further by nearly Tk 2.0 against the US dollar to manage the intractable foreign-exchange market....

Serbia keen to invest in food storage industry in Bangladesh 

Serbia keen to invest in food storage industry in Bangladesh 

-- 2022-05-26 20:35:04

Serbian Foreign Affairs Minister Nikola Selakovic has expressed his country’s interest in investing in the food storage industry of Bangladesh.  The visiting minister expressed his interes...

BB to set uniform dollar exchange rate

BB to set uniform dollar exchange rate

-- 2022-05-26 19:24:33

Bangladesh plans to set a uniform dollar-taka exchange rate for international trade to curb currency volatility. Dealers will submit their proposal on Sunday and Bangladesh Bank (BB) will fix the rat...

World Bank president says war in Ukraine may trigger global recession

World Bank president says war in Ukraine may trigger global recession

-- 2022-05-26 18:22:14

World Bank President David Malpass on Wednesday suggested that Russia's war in Ukraine and its impact on food and energy prices, as well as the availability of fertilizer, could trigger a global reces...

Asia's war on inflation targets supply, not consumers

Asia's war on inflation targets supply, not consumers

-- 2022-05-26 14:16:22

From export bans to price controls, governments in Asia are taking a much more targeted approach than their Western counterparts in curbing global inflationary pressure, a strategy that appears to be...

Opportunity to join BYSL Global Technology Group

Opportunity to join BYSL Global Technology Group

FE Online 2022-05-26 13:03:00

BYSL Global Technology Group is a technology conglomerate company serving in the sectors of software, e-commerce, supply chain and logistics. Vacancy: not specified Vacancy Type: Senior Executive, T...

Industrial hub proximity increases employability, finds BIDS study

Industrial hub proximity increases employability, finds BIDS study

FE REPORT 2022-05-26 12:08:20

Proximity to industrial areas tends to provide more employment opportunities in the manufacturing sector, especially for female workers, bridging the gender gap, a study has found. Participation of t...

Russia inches closer to debt default as its licence to pay US bondholders expires

Russia inches closer to debt default as its licence to pay US bondholders expires

-- 2022-05-25 17:00:02

The United States pushed Russia closer to the brink of a historic debt default on Wednesday by not extending its licence to pay bondholders, as Washington ramps up pressure on the country following it...

Sri Lanka's prime minister takes on crucial finance ministry portfolio

Sri Lanka's prime minister takes on crucial finance ministry portfolio

-- 2022-05-25 13:37:29

Sri Lanka's Prime Minister Ranil Wickremesinghe will hold dual charge as finance minister, the president's office announced on Wednesday and will lead talks with the International Monetary Fund (IMF)...

Food crisis fuels fears of protectionism compounding shortages

Food crisis fuels fears of protectionism compounding shortages

-- 2022-05-25 11:02:43

A growing world food crisis is precipitating protectionist moves by countries which are likely to compound the problem and could lead to a wider trade war, business leaders and policymakers at the Wor...

How Bangladesh can benefit from IPEF

How Bangladesh can benefit from IPEF

JASIM UDDIN HAROON 2022-05-25 08:49:18

The just-launched US-led economic framework holds much potential for Bangladesh to leverage greater economic assistance and development finance, particularly for infrastructure and regional integratio...

Bangladesh sees lowest data breach density in Asia: Study

Bangladesh sees lowest data breach density in Asia: Study

FE REPORT 2022-05-25 08:44:04

Bangladesh has seen the lowest data-breach density in Asia with 06 breached email accounts per 100 internet users, according to a global study. Cyber security company Surfshark conducted the study...

Banks asked not to quote higher than BC selling rate

Banks asked not to quote higher than BC selling rate

SIDDIQUE ISLAM 2022-05-25 08:40:45

The central bank on Tuesday issued a fresh directive for quoting rates to the overseas exchange houses engaged in remitting money, aimed at reining in volatility on the forex market. The authorised...

NBFIs urge BB to revise interest rates upward

NBFIs urge BB to revise interest rates upward

FE REPORT 2022-05-25 08:38:36

Top executives of non-bank financial institutions (NBFIs) urge the central bank to revise up interest rates on both lending and deposits to facilitate the sector's smooth run. At a meeting Tuesday, t...

LDC graduation preparation: Lifting fiscal protection begins with next budget

LDC graduation preparation: Lifting fiscal protection begins with next budget

Doulot Akter Mala 2022-05-25 08:32:03

Phasing out fiscal protection to local industries begins in the upcoming fiscal year by way of taxing those as Bangladesh prepares for open competition after LDC graduation, sources say. In the openi...

Export of BJMC’s privately produced jute products begins

Export of BJMC’s privately produced jute products begins

-- 2022-05-24 20:38:45

Export activities of privately produced jute products has started today, said Textile and Jute Minister Golam Dastagir Gazi.  "The jute sector has been revived with the resumption of export of j...

Western countries must not trade security for economic profit, says NATO

Western countries must not trade security for economic profit, says NATO

-- 2022-05-24 17:44:05

Western countries must not trade security for economic profit, NATO Secretary-General Jens Stoltenberg warned on Tuesday, referring to debates over the use of Chinese technology in 5G networks and the...

Sri Lanka increases fuel prices to address economic crisis

Sri Lanka increases fuel prices to address economic crisis

-- 2022-05-24 14:10:27

Sri Lanka increased fuel prices on Tuesday, a long-flagged move to mend public finances and combat its debilitating economic crisis, but the hikes are bound to add to galloping inflation at least in t...

Pakistan central bank hikes main policy rate by 150 bps to 13.75pc

Pakistan central bank hikes main policy rate by 150 bps to 13.75pc

-- 2022-05-23 20:28:42

Pakistan's central bank raised the key policy rate on Monday by 150 basis points to 13.75 per cent, the second hike in less than two months, as the South Asian nation grapples with a sinking economy....

NBR misses revenue collection target in 10 months of FY22

NBR misses revenue collection target in 10 months of FY22

FE ONLINE DESK 2022-05-23 19:40:37

The National Board of Revenue (NBR) has missed the revenue collection target in the first 10 months (July-April) of the current fiscal year (FY22). The National Board of Revenue (NBR) has collected T...

Tourism must grow enabling Bangladesh to achieve SDGs: FBCCI 

Tourism must grow enabling Bangladesh to achieve SDGs: FBCCI 

-- 2022-05-23 19:30:15

The achievement of sustainable development goals by 2030 will be jolted unless a vigorous growth of tourism in the country, said the Federation of Bangladesh Chambers of Commerce and Industry on Monda...

Bangladesh Bank moves to encourage remittance inflow to boost forex 

Bangladesh Bank moves to encourage remittance inflow to boost forex 

-- 2022-05-23 18:26:51

Bangladesh Bank has withdrawn the provision of mandatory submission of documents for getting incentive against inward remittance of USD $5000 or Tk 50,0000 and upward, in a move to encourage greater i...

Banglalink needs an SME Operations Senior Executive

Banglalink needs an SME Operations Senior Executive

FE Online 2022-05-23 16:43:33

Banglalink is one of the leading telecommunications companies in the country. It is a subsidiary of VEON Ltd, a Netherlands based company. Banglalink’s subscriber base exceeds 33 million users....

Taka depreciates further by 40 paisa against US$

Taka depreciates further by 40 paisa against US$

Siddique Islam 2022-05-23 13:15:25

The exchange rate of Bangladesh taka (BDT) has dropped significantly against US dollar mainly due to higher demand for the greenback for settling import-payment obligations. The local currency lost i...

Money whitening new bait : Bangladeshi passport holders can avail with penal tax

Money whitening new bait : Bangladeshi passport holders can avail with penal tax

Doulot Akter Mala 2022-05-23 08:56:13

The government envisages fresh baits for repatriating siphoned-off money with a budgetary measure allowing Bangladeshi-passport holders to get their 'black money' whitened with penal tax. The new mea...

Biden to launch Indo-Pacific economic plan to counter Beijing  

Biden to launch Indo-Pacific economic plan to counter Beijing  

-- 2022-05-22 19:16:15

US President Joe Biden arrived in Japan on Sunday to launch a plan for greater US economic engagement with the Indo-Pacific, facing criticism even before the programme is announced that it will offer...

BEA places Tk 20.50 trillion budget proposal for FY23 

BEA places Tk 20.50 trillion budget proposal for FY23 

-- 2022-05-22 17:32:42

The Bangladesh Economic Association (BEA) has placed a Tk 20.50 trillion (20,50,036-crore) budget proposal for the next fiscal year (FY23).  BEA President Dr Abul Barkat placed the proposals at...

Forex reserves improve slightly

Forex reserves improve slightly

FE ONLINE DESK 2022-05-22 16:42:49

Bangladesh’s foreign exchange reserves have improved a little to stand at $42.30 billion, which was at $41.92 billion on May 10. "Recently, the reserve of foreign exchange was a slight dip belo...