Search results for: EC

MCCI sees Inflation as key challenge to economic recovery

FE REPORT 2021-11-26 09:10:39

Unrelenting inflation amid price rises is among some headwinds elite chamber MCCI spotlights as key challenges facing the Bangladesh economy while bouncing back from the pandemic-induced slump. Apa...

13th ASEM summit kicks off

-- 2021-11-25 20:01:59

The 13th Asia-Europe Meeting (ASEM) Summit has started under the chairmanship of Cambodia, with a main focus on multilateralism and post-Covid-19 recovery. The meeting, under the slogan ‘Stre...

141 taxpayers get tax cards

FE REPORT 2021-11-25 09:12:58

Tax collection has marked an outstanding growth over the years due to contribution of top taxpayers, leading the country to emerge as the Asian Tiger, said Finance Minister A H M Mustafa Kamal. He...

ADP execution still in slow lane, economy rebounds

FHM HUMAYAN KABIR 2021-11-25 08:55:05

Belying a kick-start of the economy after massive Covid-19 disruptions in Bangladesh and the world over, government agencies seem still navigating a slow lane in implementing the country's developme...

Bangladesh to become 25th largest economy by 2035, finance minister hopes

-- 2021-11-24 21:44:42

Finance Minister AHM Mustafa Kamal has expressed his optimism that Bangladesh will become the 25th largest economy in the world by 2035. He also called upon all, including the valued taxpayers, to co...

Govt targets 17pc expenditure of GDP for next two fiscals

-- 2021-11-24 18:01:47

The government has projected its expenditure to remain at 17 per cent of the GDP in the next two fiscal years defying the adverse impact of coronavirus, although the pandemic pulled down the rate slig...

MOU signed between iDEA Project and UGC

FE ONLINE REPORT 2021-11-24 17:53:29

The iDEA project of Bangladesh Computer Council (BCC) under the ICT Division has been working since 2016 to provide grants and other benefits to startups for increasing their promotion, skills and kno...

Japan PM confirms oil reserve release in response to US request

-- 2021-11-24 13:57:36

Japan's Prime Minister Fumio Kishida said on Wednesday his government would release oil reserves in response to a US request in a way that does not breach a Japanese law that only allows stock release...

BIDA selects 11 sectors to woo FDI mainly from 15 countries

FE REPORT 2021-11-24 10:03:54

The government has set a primary target to woo investment from 15 countries and regions during the upcoming International Investment Summit 2021. "The target was set through analysing the track recor...

Non-performing loans swell to over Tk 1.0t despite policy backup

SIDDIQUE ISLAM 2021-11-24 08:28:56

Classified loans in Bangladesh's banking system swelled to more than Tk 1.0-trillion mark again, as of September, despite receiving state policy support. The volume of non-performing loans (NPLs) g...

Bangladesh’s GDP size now stands at Tk 34,840 billion

-- 2021-11-23 20:11:47

The size of the Gross Domestic Product (GDP) in the last fiscal year (FY21) stood at Tk 34,840 billion at current prices as per the new base year of 2015-16.  The GDP growth of the country recor...

Japan lends $2.67b

FE REPORT 2021-11-23 10:22:47

Japan confirmed US$ 2.665 billion (JPY 292.279 billion) loan on Monday for developing the Matarbari power plant and the MRT line-6 as well as for facilitating recovery from the Covid-19 pandemic shock...

Bangladesh produced 1,000 tonnes of textile waste, says global report  

FE ONLINE REPORT 2021-11-22 21:39:47

Bangladesh produced 1,000 tonnes of textile waste in a year, until November this year, amounting to potentially a billion dollar worth of recycled textile, said a new global report. The new analysis...

South Korea to provide $100m loan for Bangladesh's pandemic recovery

FE ONLINE REPORT 2021-11-22 18:00:04

South Korea has recently approved the provision of $100 million from Economic Development Cooperation Fund (EDCF) to Bangladesh to help the recovery of Bangladesh’s economy hit by the coronaviru...

Foreign tourists back in New York

-- 2021-11-21 17:48:10

New York has launched its largest tourism advertising campaign in history. John F Kennedy International Airport bustles again with foreign passengers. The holiday season promises peak travel cheer, wi...

Agriculture credit gains pace on back of Bangladesh Bank policy changes

-- 2021-11-21 14:02:33

The scheduled banks have disbursed Tk 79.05 billion (7905 crore) as agriculture and rural credit in July-October period of the current fiscal (2021-22), almost 28 per cent of the target for the 1...

Bangladesh, Kenya agree to establish cooperation in education, IT, agriculture

-- 2021-11-19 19:55:15

Foreign Minister Dr AK Abdul Momen and Chief Administrative Secretary for Foreign Affairs of Kenya Ababu Namwamda agreed to establish cooperation in tourism, IT and agriculture sectors in addition to...

Philippines set to reopen to vaccinated foreign tourists

-- 2021-11-19 16:35:49

The Philippines will soon allow the entry of fully-vaccinated foreign tourists from China and over 40 other "green" or Covid-19 low-risk countries and regions, Cabinet Secretary Karlo Nograles has sai...

China to publish machine intelligence journal in English

-- 2021-11-19 15:03:50

A Chinese institute will publish a new English language journal called Machine Intelligence Research to promote international academic exchanges, reports Xinhua citing China Science Daily on Frid...

Japan set to unveil record stimulus package

-- 2021-11-19 13:19:36

Japan is set to announce a record $490 billion spending package on Friday to cushion the economic blow from the Covid-19 pandemic, bucking a global trend towards withdrawing crisis-mode stimulus measu...

During COP26, Facebook served ads with climate falsehoods, scepticism

-- 2021-11-18 19:37:45

Facebook advertisers promoted false and misleading claims about climate change on the platform in recent weeks, just as the COP26 conference was getting underway. Days after Facebook's vice president...

ADB grants $150m loans for small enterprises in Bangladesh

-- 2021-11-18 16:54:18

The Asian Development Bank (ADB) has approved a USD150 million loan to Bangladesh to provide financing for cottage, micro, and small-sized enterprises (CMSEs) operated by youth, returning migrant wo...

Apple to sell spare parts to repair iPhones, Macs

-- 2021-11-18 16:41:37

Apple Inc on Wednesday said it will for the first time start selling spare parts and tools to the general public to perform their own repairs on some iPhones and Mac computers. The self-service repai...

Bangladeshi cos urged to expand operations in South Africa

FE ONLINE REPORT 2021-11-18 16:01:10

Admitting that the volume of bilateral trade between Bangladesh and South Africa is negligible, Dr Grace Naledi Mandisa Pandor, Minister of International Relations and Cooperation of the Republic of S...

Four Bangladeshis serve legal notice on Zuckerberg, ask him to stop abuse of Facebook

FE ONLINE REPORT 2021-11-18 15:29:32

Mark Zuckerberg, Chief Executive Officer of Meta, just-renamed company of Facebook, has been asked to take steps to stop abuse and misuse of the social media platform in Bangladesh. Four Bangladeshi...

Halt of hundi led to remittance growth during pandemic: Study

FE REPORT 2021-11-18 09:24:46

Stagnation of hundi, an illegal cross border financial transaction, during Covid lockdown periods, pushed the country's remittance up, according to a new study unveiled on Wednesday. There are some...

Vietnamese envoy for more export from Bangladesh to reduce trade gap

-- 2021-11-17 17:49:18

Ambassador of Vietnam to Bangladesh Pham Viet Chien has said that they want Bangladesh to export more to Vietnam for reducing the existing trade gap. The Ambassador said this when a seven-member dele...

Comoros for stronger ties with Bangladesh to boost trade

-- 2021-11-17 17:08:47

Comoros has shown keen interest to import ready-made garments and other products from Bangladesh as the African island nation would like to enhance trade and economic cooperation with Dhaka. The inte...

China, Russia establish space weather centre

-- 2021-11-17 12:28:35

China and Russia have established a space weather centre in Beijing as part of worldwide efforts to improve global space weather centre systems, the China Meteorological Administration (CMA) said on W...

Banks count revaluation losses on government securities

Siddique Islam 2021-11-17 08:40:08

Bangladesh's commercial banks, particularly the primary dealers (PDs), face revaluation losses on government securities as the yields on the borrowing tools increased significantly. Higher yields on...