Search results for: EC

War to cut global growth to 2.6pc this year, says UNCTAD

FE ONLINE REPORT 2022-03-24 20:00:35

Russia-Ukraine war coupled with changes in macroeconomic policies by countries in recent months has compelled the United Nations (UN)’s trade and development body to downgrade its global economi...

Fertiliser shortage imperils world food supply 

-- 2022-03-24 19:54:30

Sky-high fertiliser prices have farmers worldwide scaling back its use and reducing the amount of land they're planting, fallout from the Ukraine-Russia conflict that has some agricultural industry ve...

Sri Lanka to seek World Bank assistance alongside IMF loan programme

-- 2022-03-24 14:45:52

Sri Lanka will seek World Bank assistance to stave off a severe economic crisis in addition to an International Monetary Fund (IMF) rescue plan to be discussed next month, two sources said. A 70 per...

IFC intends to double its investments in Bangladesh over the next five years

FE ONLINE DESK   2022-03-24 12:02:24

The International Finance Corporation (IFC) aims to double its investments in Bangladesh within the next five years, with a focus on creating new jobs, with new investments to help accelerate the coun...

Bangladesh's foreign debt repayment surges

FHM HUMAYAN KABIR 2022-03-24 08:24:12

The intensity of foreign debt servicing has swelled substantially, with 13.56 per cent higher payments in the first eight months of the current fiscal year (FY 2021-22) than that of the same period...

Contactless payment service to be available for debit, credit card users

-- 2022-03-23 20:46:02

From now debit card users will be able to make card-based payments through Contactless Payment Service using NFC technology.  Earlier the service was available for only credit cardholders. ...

British inflation hits 30-year high of 6.2pc as Sunak readies response

-- 2022-03-23 15:16:37

British inflation shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances that finance minister Rishi Sunak is under pressure to ease in a...

Government focused on increasing revenue from direct tax, says minister

-- 2022-03-22 19:08:39

Finance Minister AHM Mustafa Kamal on Tuesday said the government is focused on increasing revenue from direct tax to give relief to the lower income people from the tax burden. He also assured that...

Natural disasters cost Bangladesh $15b in 27 years, Japanese expert says

MIR MOSTAFIZUR RAHAMAN 2022-03-22 09:00:07

Bangladesh's economic loss due to various disasters amounted to US$ 15 billion in the last 27 years, noted Japanese disaster expert Dr Kozo Nagami. According to a research, $1.0 billion investment...

Bangladesh inflation hits 17-month high

-- 2022-03-21 19:37:30

Bangladesh’s economy has witnessed a 6.17 per cent inflation in February this year, the highest in 17 months.  According to Bangladesh Bureau of Statistic (BBS) data, in February 2022, t...

Economists suggest escaping stagflation

FE REPORT 2022-03-21 08:48:31

Eminent economists suggest the government should use fiscal space to avert further price adjustments to help continue economic recovery from pandemic shocks, or else there could be risks of "stagflati...

Bangladesh government's top priority should be taming inflation: CPD

FE REPORT 2022-03-21 08:38:09

Curbing inflation should be the centre of government's policy attention now as people are grappling with their limited budget to cope with skyrocketing prices of essentials, suggests a think-tank....

Japan announces $42b investment in India

-- 2022-03-19 22:56:50

Japanese Prime Minister Fumio Kishida on Saturday announced a 5.0 trillion yen ($42 billion) investment in India over the next five years during a meeting with Prime Minister Narendra Modi in New Delh...

Google internet cable lands in Africa, promising fast connection

-- 2022-03-19 19:05:40

A subsea cable owned by Google that promises to double internet speeds for millions in Africa arrived in Togo on Friday, the company said, the latest step in a multi-year project to provide cheaper ac...

Russian cosmonaut team welcomed by American, German crewmates at ISS

-- 2022-03-19 18:38:19

Three Russian cosmonauts arrived safely at the International Space Station (ISS) on Friday, docking their Soyuz capsule with the outpost for a mission that continues a 20-year shared Russian-US presen...

Malaysia's exports up 16.8pc in February 

-- 2022-03-18 19:45:08

Malaysia's exports surpassed the 100 billion ringgits (about 23.8 billion US dollars) mark in February, increasing 16.8 per cent to 102.27 billion ringgits, official data showed Friday.  The exp...

Argentina Senate approves up to $45b IMF debt deal

-- 2022-03-18 10:55:50

Argentina's Senate voted late on Thursday to approve a $45 billion debt deal with the International Monetary Fund (IMF), converting the agreement into law and ensuring that the economically battered c...

Bangladesh imports in second half of 2021 jump 52.5pc

SIDDIQUE ISLAM 2022-03-18 08:32:23

Bangladesh's overall imports jumped by 52.5 per cent in the first seven months of this fiscal year (FY) due to higher imports of fuel oil and capital machinery, officials said. The settlement of le...

Bangladesh's fiscal space shrinks as debt servicing up

JASIM UDDIN HAROON 2022-03-18 08:15:56

Fiscal headroom is shrinking in Bangladesh as interest payments on public debts topped during the first six months of this fiscal year, sources say, largely for government borrowing to support fund-sa...

BEZA inks deal to pave way for Japanese economic zone

-- 2022-03-17 16:14:59

The Bangladesh Economic Zones Authority (BEZA) and Bangladesh Special Economic Zone Limited have inked a deal on the development of a dedicated zone for Japanese investors in Narayanganj's Araihazar....

Bangladesh gets $120m in World Bank loans to improve food security

-- 2022-03-17 14:10:21

Bangladesh and the World Bank have signed a $120 million financing agreement to improve production of irrigated agriculture and fisheries and increase the incomes of 170,000 poor people vulnerable to...

Facebook removes more Russian posts claiming hospital bombing a hoax

-- 2022-03-17 13:56:33

Facebook on Wednesday removed official Russian posts that falsely claimed reports of Russia bombing a children's hospital in Ukraine were a hoax, a company spokesperson said, even as similar messages...

Bangladesh, Japan likely to start working on FTA

MUNIMA SULTANA 2022-03-17 10:24:26

Both Bangladesh and Japan governments are likely to start working on free trade agreement (FTA) after a survey found that the majority of Bangladeshi and Japanese companies operating here are in favou...

World Bank assures Dhaka of policy-based lending

FHM HUMAYAN KABIR 2022-03-17 10:16:07

A World Bank (WB) director on Wednesday assured Bangladesh of providing more policy-based loans like budgetary support for infrastructure development, officials said. Currently, the WB is providing B...

Mannan stresses on need to sign FTA with Japan

-- 2022-03-16 19:17:14

Planning Minister MA Mannan has stressed the need for signing a Free Trade Agreement (FTA) between Bangladesh and Japan for boosting bilateral trade, investment and economic cooperation. He also expr...

Bangladesh gets $750m foreign investment in startup in a decade, says Palak

-- 2022-03-16 18:05:07

The country has received foreign investment of over $750 million in the startup sector in a decade, said State Minister for Information and Communication Technology Zunaid Ahmed Palak on Wednesday. H...

Growth dividend of greening the economy is there

ZAIDI SATTAR 2022-03-16 10:55:47

Bangladesh is a rapidly developing economy facing the challenge of Climate Change. Climate experts have assessed that Bangladesh is among the most vulnerable countries due to Climate Change.  Wit...

Bangladesh's taxation system benefits political elite, target groups, reveals policy documents

FHM HUMAYAN KABIR 2022-03-16 10:44:15

Bangladesh's current taxation system confronts major challenges in upgrading tax-base as it plays into the hands of political elites and provides special benefits to some target groups, says a policy...

UK keen to increase investment in Bangladesh

-- 2022-03-15 21:00:13

British High Commissioner to Bangladesh Robert Chatterton Dickson has said the United Kingdom (UK) is keen to expand its investment in Bangladesh. The UK envoy said this while visiting the Bangabandh...

Exchange led Power Market to transform Bangladesh, India power cooperation

FE ONLINE DESK 2022-03-15 19:54:06

Cross Border Electricity Trade (CBET) has been taking place between South Asian countries under bilateral Memorandum of Understandings (MoUs) /Power Trade Agreement (PTAs) over the last decade. Howe...