Search results for: EC

Bilateral trade volume between Bangladesh, South Korea to reach record high in 2021

FE ONLINE REPORT 2021-12-30 19:49:11

Bilateral trade volume between Bangladesh and South Korea is expected to reach a record high this year, revealed statistics provided by the Korea Trade Association.  Between January and November...

Countries try to balance Omicron restrictions while keeping economies open

-- 2021-12-30 11:08:08

Global Covid-19 infections hit a record high over the past seven-day period, Reuters data showed on Wednesday, as the Omicron variant raced out of control and governments tried to contain its spread w...

Bangladesh's GDP blowup dwarfs tax ratio

JASIM UDDIN HAROON 2021-12-30 08:37:36

A GDP blowup with many leftover economic activities now taken into basket downsizes the ratio of Bangladesh's tax receipts to the gross domestic product, making it region's lowest and hence warranting...

Non-performing loans out of control now, says the prime minister’s adviser

FE REPORT 2021-12-30 08:22:46

Prime Minister's Economic Affairs Adviser Dr Mashiur Rahman has stressed reining in default loans which he felt have gone out of control at present. He has suggested strengthening the capacity of t...

Budget DSLR camera for beginners

Fardeen Kabir 2021-12-29 18:31:44

Buying a DSLR camera on a budget can be tricky, especially for beginners who are just looking for a good camera that is affordable and easy to use.  Here are some suggestions that might help you...

Development budget implementation snails far behind set goals

-- 2021-12-29 09:17:41

Government agencies couldn't speed up development-budget implementation to anywhere near pre-covid levels, officials said Tuesday, and two of them moved at the slowest pace. They said the Shipping Mi...

Doha LDC5 likely to be deferred

FE ONLINE REPORT  2021-12-28 16:31:03

The Fifth United Nations Conference on the Least Developed Countries (LDC5), scheduled to take place in Qatar’s capital Doha from 23 to 27 January 2022, is likely to be deferred due to the Omicr...

Foreign aid inflow soars almost 50pc in July-Nov period

FHM HUMAYAN KABIR 2021-12-28 09:54:58

The foreign-aid inflow to Bangladesh has marked an impressive 49-per cent growth in the first five months of the current fiscal year (FY), 2021-22, official data showed on Monday. The overseas develo...

Foreigners in Bangladesh encouraged to repatriate wages through formal channels

SIDDIQUE ISLAM 2021-12-28 09:05:17

Bangladesh relaxed regulations allowing foreigners working in the country to repatriate most of their wages monthly and the remainder at yearend to encourage them to send their incomes through officia...

People's purchasing power falls in 2021

YASIR WARDAD 2021-12-28 08:35:33

The purchasing power of a vast majority of the population fell substantially in 2021 as their cost of living far outstripped the income that also grew, but marginally. People, particularly from low-...

ADB allocates $4.1m for Covid-19 rural recovery in Asia, Pacific

-- 2021-12-27 21:04:38

The Asian Development Bank (ADB) has allocated $4.1 million in technical assistance to help agri-food value chains and rural economies in Asia and the Pacific recover from the impacts of Covid-19 pand...

Apple's App Store broke competition laws, Dutch watchdog says

-- 2021-12-27 19:56:34

The Netherlands' top competition regulator on Friday said Apple Inc broke the country's competition laws and ordered changes to the iPhone maker's App Store payment policies. Apple's practise of requ...

Some productivity apps you did not know about

Fardeen Kabir 2021-12-27 19:07:40

The purpose of smartphones is to help us become more productive. They're like miniature supercomputers that we carry with us. As a result, they're ideal candidates for assisting us all in becoming a l...

Bangladesh Bank asked to transfer foreign exchange reserve from US soon

FE ONLINE REPORT 2021-12-27 16:20:52

Authorities have been asked to deposit Bangladesh’s foreign exchange reserve with banks other than America’s to avoid possible US sanctions in the near future. A legal notice has been ser...

Price spiral spurs inflation in Bangladesh

FE REPORT 2021-12-27 08:25:27

Bangladesh saw inflation barometer of the economy surge with increases in both food and non-food prices, partly in tune with global market and largely for lax local controls in analysts' view. The st...

Food insecurity in Bangladesh returns to pre-Covid level: IFPRI

FE REPORT 2021-12-27 08:15:19

The International Food Policy Research Institute (IFPRI) found that the moderate or severe food-insecurity situation in Bangladesh returned to the pre-pandemic level by January this year, which the ho...

Microsoft joins Google, Amazon, others in cancelling physical presence at CES

-- 2021-12-26 10:56:28

Microsoft Corp said on Friday it will not participate in person at the Consumer Electronics Show (CES) 2022 in Las Vegas, joining a list of companies opting not to have a physical presence at next mon...

World economy to top $100 trillion in 2022 for first time, report says

-- 2021-12-26 10:25:27

The world's economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy, a r...

NASA launches revolutionary space telescope to give glimpse of early universe

-- 2021-12-25 20:24:51

NASA's James Webb Space Telescope, built to give the world a glimpse of the universe as it existed when the first galaxies formed, was launched by rocket early Saturday from South America's northeaste...

Russian court fines Alphabet's Google and Meta Platforms

-- 2021-12-25 18:46:46

A Moscow court on Friday said it was fining Alphabet's Google 7.2bn roubles ($98m) for what it said was a repeated failure to delete content Russia deems illegal, the first revenue-based fine of its k...

NASA's revolutionary James Webb Space Telescope set for blastoff

-- 2021-12-25 12:30:12

The James Webb Space Telescope (JWST), a NASA instrument designed to allow humankind's first glimpse of the infant universe as it existed when the earliest galaxies are believed to have formed, was se...

Turkish lira caps historic week with big lift, as central bank injects $8b into market

-- 2021-12-25 11:12:19

Turkey's lira closed out its strongest week on record on Friday, spiking more than 50 per cent with the support of billions of dollars of state-backed market interventions and a promise that the gover...

Land development at Jamalpur Economic Zone nearly ends

SAIF UDDIN 2021-12-25 10:12:03

Land development and the installation of required facilities at Jamalpur Economic Zone (JEZ) are almost done as it receives a $42.47-million investment proposal from nine companies. "Most of the JEZ...

Spain’s Nadia Calviño becomes head of IMF advisory committee

FE ONLINE DESK 2021-12-24 22:13:13

Spain’s First Vice President Nadia Calviño has become the chair of the International Monetary Fund’s policy advisory committee. Members of the advisory body, the International Mone...

Tenure of liquidity support to primary dealer banks extends

SIDDIQUE ISLAM 2021-12-24 09:09:26

The tenure of assured liquidity support (ALS) to primary dealer (PD) banks against government-approved securities extends as a measure to manage the funds efficiently, officials say. Under the latest...

Economist Wahiduddin Mahmud gets Bangladesh Bank Award

FE REPORT 2021-12-24 08:47:36

Professor Dr Wahiduddin Mahmud was honoured with the Bangladesh Bank (BB) Award-2020 on Thursday for his extraordinary contributions in the country's economy. The award committee of the central bank,...

Bangladesh's economic stability under threat: CPD

FE REPORT 2021-12-24 08:43:16

Economic stability in Bangladesh is not comfortable anymore because of some macroeconomic problems, policy think-tank CPD says and offers a set of recommendations for the government to follow. In its...

UN chief says 'Ponzi scheme' crashed Lebanon's finances

-- 2021-12-23 20:41:45

UN Secretary-General Antonio Guterres said Lebanon's financial collapse was caused by "something similar to a Ponzi scheme", according to a video of comments he made while visiting Beirut this week, r...

Bangladesh attracts $21.17b investment proposals in two years

-- 2021-12-23 18:58:09

Bangladesh has attracted more than US$21.17 billion worth of investment proposals in the last two years since the beginning of the Covid-19 pandemic in January 2020, according to statistics released b...

ADB to provide $940m loan for Bangladesh’s irrigation sector

-- 2021-12-23 16:23:40

Bangladesh and Asian Development Bank (ADB) have signed a $13.5 million additional loan agreement to improve the management, operation, and maintenance of large-scale irrigation schemes and protect pr...