Search results for: EC

Atiur stresses enhancing Bangladesh’s connectivity with South Asian countries

FE ONLINE REPORT 2022-03-31 18:37:26

Dr Atiur Rahman, former governor of the Bangladesh Bank (BB), has called for strengthening Bangladesh’s connectivity with other South Asian countries, aimed at boosting regional trade and networ...

ADB approves $143m loan support to Bangladesh for cross-border trade

-- 2022-03-31 17:59:31

The Asian Development Bank (ADB) has approved a $143 million loan package to support the government of Bangladesh's efforts to accelerate growth by improving the efficiency, predictability, and securi...

Fiscal interoperability to boost economy: Experts

FE REPORT 2022-03-31 08:52:31

Dr Atiur Rahman, former governor of the Bangladesh Bank (BB), on Wednesday said domestic and cross-border financial interoperability would help to give much-needed impetus to the economy by easing fin...

Purchasing power parity critical for per capita estimate: BIDS meet

FE REPORT 2022-03-31 08:49:05

Bangladesh should calculate its per-capita gross domestic product (GDP) in PPP or purchasing-power-parity method for a better comparison with other economies, as the current income ratings raise skept...

Universal pension scheme now at study level, finance minister says

-- 2022-03-30 20:31:45

Finance Minister AHM Mustafa Kamal has said that the government will consult with stakeholders about the modalities of the proposed pension scheme for all citizens of the country, including expatriate...

Experts stress on exploring business opportunities in Bangladesh, Malaysia

-- 2022-03-30 19:22:18

Experts at a webinar have urged the business communities of Bangladesh and Malaysia to explore business opportunities and enhance trade and investment relations between the two countries. They made t...

Govt seeks larger Saudi investment

-- 2022-03-30 18:22:42

The government sought larger Saudi investment in Bangladesh, particularly in the special economic zones and offered land there to Saudi investors. Prime Minister Sheikh Hasina on Wednesday sought...

Sri Lanka offers Bangladesh greater use of Colombo port

-- 2022-03-30 17:51:06

President of Sri Lanka Gotabaya Rajapaksa has offered greater use of Colombo port by Bangladesh for transportation of Bangladeshi goods. Foreign Minister Dr. A K Abdul Momen paid a courtesy call on...

Sri Lanka suffers long power cuts as fuel crisis worsens

-- 2022-03-30 17:20:41

Swathes of Sri Lanka faced prolonged power cuts on Wednesday as a deepening economic crisis roiled markets and buffeted businesses, with the government unable to pay for fuel shipments because of a fo...

Fuel prices likely to rise further, says Momen

-- 2022-03-30 16:55:35

Foreign Minister AK Abdul Momen has warned that global energy prices will increase further if Russia's military offensive in Ukraine continues and this, in turn, could drive up the cost of transport...

Japan confirms $158m loan for MRT-6

FE REPORT 2022-03-30 08:53:57

Japan on Tuesday confirmed US$158 million worth of loan for the Mass Rapid Transit Line-6 (MRT-6) extension work from Motijheel to Kamlapur. In this regard, the Japan International Cooperation Agen...

Poorest people lose 97.17pc of income to calamities: BBS

FE REPORT 2022-03-30 08:35:00

Some 97.17 per cent of total income of the poorest people in the disaster-prone areas in Bangladesh is lost for damages - caused by the natural calamities, official data showed. The loss is 10 time...

Russia retaliates in ‘economic war’ with Eurobond rouble buyback offer

-- 2022-03-29 22:11:27

Russia retaliated in what it has called an "economic war" with the West on Tuesday by offering to buy back its $2 billion Eurobonds maturing next month in roubles rather than dollars. The offer on Eu...

India stands by trade with Russia as Lavrov set to visit

-- 2022-03-29 19:25:46

Russian Foreign Minister Sergei Lavrov is set to fly to India this week, sources said, finding time to visit to one of the biggest buyers of Russian commodities since the international community began...

Bangladesh, Sri Lanka for early conclusion of PTA to boost trade

-- 2022-03-29 18:59:26

Bangladesh and Sri Lanka have laid emphasis on the early conclusion of the Preferential Trade Agreement (PTA) with the hope that it will “widen” the bilateral trade significantly between t...

Bangladesh, Nepal eye broader cooperation in key areas

-- 2022-03-29 17:19:03

Bangladesh and Nepal have underlined the necessity of intensifying the bilateral relations including the exchange of high-level visits as the two countries are celebrating the 50th anniversary of dipl...

World Bank approves $358m to help Bangladesh improve road safety 

FE ONLINE REPORT 2022-03-29 11:13:23

The World Bank on Tuesday approved $358 million of financing to help Bangladesh improve road safety and reduce fatalities and injuries from road traffic crashes on selected high-risk highways and dist...

Excess liquidity risks fuelling inflation

SIDDIQUE ISLAM 2022-03-29 08:38:56

Excess liquidity in the country's banking system is likely to fuel inflationary pressure on the economy, the central bank cautions over money-supply upturn. "Excess liquidity stemming from the stimul...

Seasonal poverty drives rural migration

FE REPORT 2022-03-29 08:36:41

Seasonal poverty in several parts of Bangladesh remains a concern for rural economy and affects socioeconomic lives of marginal people, leading to their crowding in urban areas. An economics professo...

‘Ukraine crisis won’t put stability of Bangladesh’s macro-economy at great risk’

-- 2022-03-28 21:45:00

Finance Minister AHM Mustafa Kamal has said that the conflict between Russia and Ukraine does not affect the country’s macro-economic stability right now, even though the crisis generally affect...

Government braces for increased interest payment on borrowings

-- 2022-03-28 18:49:24

The government's payment on interest for loans will increase in the coming days despite reducing the rate of interest on borrowings, according to an official document. The government has to pay some...

Bitopi Group to invest $9.58m in DEPZ

-- 2022-03-28 17:55:20

M/s. Sonar Manufacturing Limited, a sister concern of Bitopi Group, is going to establish a Readymade Garments Industry in Dhaka Export Processing Zone (DEPZ) with an investment of $9.58 million. Thi...

Sri Lanka seeks further $1.0b credit line from India to import essentials

-- 2022-03-28 17:04:26

Sri Lanka has sought an additional credit line of $1.0 billion from India to import essentials amid its worst economic crisis in decades, two sources said on Monday, as the Indian foreign minister beg...

Fresh recovery scheme for CMSMEs launched

FE REPORT 2022-03-28 09:10:11

Bangladesh launches a fresh scheme worth nearly Tk 4.0 billion in aid to coronavirus-hit cottage, micro, small and medium enterprises (CMSMEs), as part of drives for economic recovery. The recovery p...

Supply chain challenges for e-commerce business in Bangladesh 

MOHAMMAD ASHRAFUL ISLAM KHAN  2022-03-26 16:43:30

While the global pandemic has shaken the world, certain sector has been booming as the imposition of lockdown brought about a significant change in consumer behaviour. People started buying products o...

Economic cost of vaccine hesitancy is mounting in America

-- 2022-03-26 13:02:05

Nearly a year after Covid vaccines became freely available in the US, one-fourth of American adults remain unvaccinated, and a picture of the economic cost of vaccine hesitancy is emerging. It points...

Promises of ‘stability’, ‘quality growth’ reverberated in China’s legislative gathering

Ismail Hossain 2022-03-26 10:07:42

Two Sessions, China’s most important annual political event, ended last week with a promise of stability, clean, green and quality growth, more transparency and more power to the grassroots lead...

Growing orders signal Bangladesh's export surge

SYFUL ISLAM 2022-03-26 08:02:00

Additional container-handling orders are pouring in off-docks around Chittagong seaport in clear signs of significant export growth ahead for Bangladesh, sources say, amid global trade resurgence....

Sri Lanka aims to earn $1b from gem exports in 2022 

-- 2022-03-25 18:05:55

The Sri Lankan government aims to earn 1.0 billion US dollars from gem exports this year with steps being taken to increase the exports to more markets, local media reported Thursday.  Minister...

Uzbekistan keen to invest in oil, gas exploration sector in Bangladesh 

-- 2022-03-24 20:12:56

Uzbekistan has expressed its interest to invest in oil and gas exploration sector of Bangladesh.  Uzbek energy minister’s advisor Jumaev Jasur Khudaykulovich expressed his country’s...