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The Financial Express

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ECNEC approves 11 projects worth Tk 42.45 billion

ECNEC approves 11 projects worth Tk 42.45 billion

-- 2022-04-19 17:12:42

The Executive Committee of the National Economic Council (ECNEC) has approved a total of 11 development projects involving an overall estimated cost of Tk 45.42 billion. The approval came from a ECNE...

Sri Lanka says IMF to consider request for rapid aid

Sri Lanka says IMF to consider request for rapid aid

-- 2022-04-19 13:54:16

The International Monetary Fund will consider providing quick financial assistance to debt-burdened Sri Lanka following representations by India, Sri Lanka's finance ministry said on Tuesday. A deleg...

WB to provide $250m loan for post-pandemic recovery

WB to provide $250m loan for post-pandemic recovery

-- 2022-04-18 18:21:39

The World Bank is set to provide Bangladesh $250 million as loan to help the recovery of the country’s economy from the adverse effect of Covid-19 pandemic. To this end, an agreement was signed...

Central bank fixes interest rates for non-bank financial institutions

Central bank fixes interest rates for non-bank financial institutions

-- 2022-04-18 18:20:53

Bangladesh Bank has asked all non-bank financial institutions (NBFIs) to fix a maximum 7 per cent interest rate on deposits and a maximum 9 per cent interest rate on loans. The instruction will come...

China spending, employment hit amid lockdowns

China spending, employment hit amid lockdowns

-- 2022-04-18 15:17:36

China's consumer spending fell and unemployment rose last month as Covid lockdowns confined millions of people to their homes, official figures show. Joblessness reached the highest level sin...

Musk tweets 'Love Me Tender' days after Twitter takeover offer

Musk tweets 'Love Me Tender' days after Twitter takeover offer

-- 2022-04-18 14:27:58

Billionaire entrepreneur Elon Musk posted a tweet on Saturday saying "Love Me Tender", days after he took aim at Twitter Inc with a $43 billion cash takeover offer, reports Reuters.  After Musk'...

Govt looks to $58b export next fiscal

Govt looks to $58b export next fiscal

REZAUL KARIM 2022-04-18 09:22:32

The government looks up to a nearly 15-percent higher export at US$ 58 billion in the next fiscal year (FY), officials say, as exporters appear optimistic about a robust post-pandemic trade rebound....

'Be pennywise in forex spending'

'Be pennywise in forex spending'

FE REPORT 2022-04-18 08:59:46

A high-powered meeting Sunday on Bangladesh's macroeconomic situation suggested cautionary measures in spending foreign currencies in view of higher import trend and the cascading Russia-Ukraine war...

Bangladesh trade costs highest in South Asia

Bangladesh trade costs highest in South Asia

JASIM UDDIN HAROON 2022-04-18 08:55:06

Trade cost as a share of trade revenue in Bangladesh remained highest in South Asia on the back of higher total transport expenses, according to a research focused on shift to paperless trading. Th...

Despite BB policy, banks are far off investment limit

Despite BB policy, banks are far off investment limit

-- 2022-04-17 18:14:29

Although the investment volume of banks in the capital market has increased, many are still far away from their investment limit. Despite the policy relaxation and enforcement of Bangladesh Bank (BB)...

Shrimp exporters want green signal for commercial cultivation of King Prawn

Shrimp exporters want green signal for commercial cultivation of King Prawn

-- 2022-04-17 17:59:06

Bangladesh should go for commercial cultivation of vannamei species of shrimp or king prawn to capture the global market. The king prawn currently accounts for 80 per cent of global market share, w...

FBCCI wants road construction work to be put on hold for 14 days for Eid journey

FBCCI wants road construction work to be put on hold for 14 days for Eid journey

-- 2022-04-17 17:13:08

FBCCI senior vice-president Mostafa Azad Chowdhury Babu called for putting the ongoing construction and repair of roads on hold for a total 14-day before and after Eid to alleviate the suffering of ho...

StanChart showcases Bangladesh’s growth story to global investors

StanChart showcases Bangladesh’s growth story to global investors

-- 2022-04-17 17:05:09

  Standard Chartered Bangladesh hosted an International Investors and Lenders Roadshow to help Bangladesh businesses build lasting relationships with leading investment and lending institutions...

How you may get banned on Facebook

How you may get banned on Facebook

Fardeen Kabir 2022-04-17 16:39:59

You might find yourself unable to access your personal/business Facebook account without getting any sort of caution or warning. Facebook is clear on what they will allow and won’t allow on the...

Replicate RMG success model in other sectors

Replicate RMG success model in other sectors

FE Report 2022-04-17 09:23:55

The government should replicate successful RMG (readymade garment) model to all non-RMG sectors, allowing them to become competitive enough to absorb post-LDC graduation-related challenges, business...

Nepal seeks overseas nationals' help to build up forex reserves

Nepal seeks overseas nationals' help to build up forex reserves

-- 2022-04-16 17:50:55

Nepal is asking citizens living abroad to deposit funds in domestic banks as part of efforts to ensure the financial system has enough liquidity and to preserve foreign exchange reserves, finance mini...

Chinese astronauts land after 6 months on space station

Chinese astronauts land after 6 months on space station

-- 2022-04-16 13:35:25

Three Chinese astronauts returned to Earth on Saturday after six months aboard their country's newest orbital station in the longest crewed mission to date for China's ambitious space program, AP repo...

China starts cleanup of live-streaming, short video platforms

China starts cleanup of live-streaming, short video platforms

-- 2022-04-16 13:03:50

China's internet watchdog on Friday started a two-month special campaign to clean up "chaos" in online live-streaming and short video businesses, part of a broader plan to promote what is deemed as ap...

US to resume oil, gas drilling on public land despite Biden campaign pledge

US to resume oil, gas drilling on public land despite Biden campaign pledge

-- 2022-04-16 11:46:01

The Biden administration on Friday said it has resumed plans for oil and gas development on federal lands, a move that could break a pledge Joe Biden made while campaigning for president. The plan ca...

Bangladesh won't face food scarcity, agriculture minister says

Bangladesh won't face food scarcity, agriculture minister says

FE REPORT 2022-04-16 09:37:09

There will be no food shortage in the country, as the government has given utmost priority to ensuring food security, said Agriculture Minister Dr Mohammad Abdur Razzaque on Friday. "The country ha...

Neighbouring nations, blocs with trade potential to get priority

Neighbouring nations, blocs with trade potential to get priority

SYFUL ISLAM and REZAUL KARIM 2022-04-16 08:20:28

Next-door neighbours and blocs having trade potential, good connectivity, bilateral cooperation and strategic partnership will get priority in Bangladesh's journey towards free-trade agreements (FTA...

US links North Korea-backed hackers to a cryptocurrency heist worth $615m

US links North Korea-backed hackers to a cryptocurrency heist worth $615m

-- 2022-04-15 20:20:17

The US has linked North Korea-backed hackers to a massive cryptocurrency heist worth $615m (£469m) from players of the popular online game Axie Infinity in March. The game allows to earn crypto...

IMF to downgrade its growth outlooks for 143 economies

IMF to downgrade its growth outlooks for 143 economies

-- 2022-04-15 20:10:55

The International Monetary Fund (IMF) will cut its global growth estimates for 2022 and 2023 as Russia's war in Ukraine drives food and energy prices higher, piling pressure on already fragile economi...

WhatsApp tests new feature to organise groups for work, school

WhatsApp tests new feature to organise groups for work, school

-- 2022-04-15 19:51:35

WhatsApp is testing a new feature called Communities to organise groups in larger structures that could be used by workplaces or schools, the messaging service owned by Meta Platforms said on Thursday...

Japanese companies in Bangladesh top export ratio list: JETRO 

Japanese companies in Bangladesh top export ratio list: JETRO 

-- 2022-04-15 17:29:59

The export ratio of Japanese companies operating in Bangladesh is atop among the Asia and Oceania countries as the ratio of exports to total sales by Japanese companies has stood at 65.4 per cent, sai...

Russia asks Brazil to help keep sway at IMF, World Bank

Russia asks Brazil to help keep sway at IMF, World Bank

-- 2022-04-15 10:47:56

Russia has asked Brazil for support in the International Monetary Fund, the World Bank and the G20 group of top economies to help it counter crippling sanctions imposed by the West since it invaded Uk...

Nepal to miss economic growth target 

Nepal to miss economic growth target 

-- 2022-04-14 17:08:43

Nepal will fall short of its growth target, a top government official said on Thursday, underscoring the troubled state of an economy grappling with a pandemic-induced loss of tourism, a widening trad...

Heads of global agencies urge action on food security

Heads of global agencies urge action on food security

FE REPORT 2022-04-14 10:03:22

The heads of the World Bank Group (WBG), International Monetary Fund (IMF), United Nations World Food Program (WFP), and World Trade Organization (WTO) in a joint statement called for urgent action...

World Bank bills Bangladesh safe from debt crisis

World Bank bills Bangladesh safe from debt crisis

FE REPORT 2022-04-14 08:05:32

Bangladesh won't face a crisis like Sri Lanka's at this moment for its current level of comfortable foreign debt-GDP ratio, the World Bank says on review of the country's latest economic condition. "...

Bangladesh makes strong economic recovery, says World Bank

Bangladesh makes strong economic recovery, says World Bank

-- 2022-04-13 19:50:03

Bangladesh has made a strong economic recovery from the COVID-19 pandemic, but growth faces new headwinds as global commodity prices increase amid the uncertainty created by the war in Ukraine, says t...