Search results for: EC

Central bank raises farm credit target to Tk 283.91b

-- 2021-07-29 15:45:18

Bangladesh Bank has fixed its agriculture credit target at Tk 283.91 billion for the 2021-22 fiscal year to combat the adverse effects of the pandemic. The target is 7.98 per cent higher than the Tk...

Bangladesh, Vietnam benefit most from RMG, footwear shift from China

MONIRA MUNNI 2021-07-29 08:42:09

Bangladesh and Vietnam have benefited most due to the shifting of apparel and footwear exports from China, according to the latest analysis. It also found that in 2019, both the countries' combined s...

Centra bank to announce monetary policy with faster recovery target

SIDDIQUE ISLAM 2021-07-29 08:25:34

The central bank is set to unveil today its monetary policy for the current fiscal year (FY) with an eye to accelerating recovery of the pandemic-hit economy, officials said. The Bangladesh Bank (BB)...

200,000 returnee expats to get Tk 13,500 each

-- 2021-07-28 16:50:34

The government will provide Tk 13,500 to each of some 200,000 expatriate workers, who have returned home facing the negative impact of the COVID-19 pandemic. They will get the financial support under...

Facebook will stop allowing advertisers to target people under 18 years

REUTERS 2021-07-28 16:23:02

Facebook Inc will stop allowing advertisers to target people under 18 on its platforms based on their interests or their activity on other sites, it said on Tuesday in a slew of announcements about yo...

Turn off, turn on: The simple steps that can thwart top phone hackers

AP 2021-07-28 15:26:32

As a member of the secretive Senate Intelligence Committee, Sen Angus King has reason to worry about hackers. At a briefing by security staff this year, he said he got some advice on how to help keep...

Facebook launches vaccine finder feature in Bangladesh

-- 2021-07-28 12:41:37

Facebook, in collaboration with the Health Ministry and ICT Division, has launched 'Vaccine Finder', a new tool to help Bangladeshis confirm their eligibility and identify nearby places to get a shot...

Bangladeshis among IMF-predicted 80m more hardcore poor worldwide

FE REPORT 2021-07-28 08:20:17

An additional 80-million people of low-income countries, including Bangladesh, are likely to enter into Covid-induced extreme poverty during 2020-21, the International Monetary Fund (IMF) has predic...

Cryptocurrency trading neither legal nor crime: BB

FE REPORT 2021-07-28 08:02:49

Bangladesh Bank is yet to recognize cryptocurrency as a legal currency, but has made it clear that the ownership or transaction of the digital currency is not a crime. The Foreign Exchange Policy D...

Lockdown spells concern for apparel industry amid 'peak season'

-- 2021-07-27 12:28:39

The impact of the coronavirus pandemic has been keenly felt by nearly all industries, none more so than Bangladesh's key forex-fetching readymade garment sector as orders from big fashion houses dried...

Aid inflow crosses $7b-mark for 2nd year

FHM Humayan Kabir 2021-07-27 12:01:19

Bangladesh received US$7.11 billion worth of foreign aid in the last fiscal year (FY) of 2020-21 despite hurdles in execution of the foreign-funded projects amid the Covid-19 pandemic. The foreign...

Bangladesh Bank streamlines reporting format for NBFIs

Siddique Islam 2021-07-27 11:29:21

The central bank has streamlined loan classification reporting format for non-banking financial institutions (NBFIs) - aiming to curb the rising trend of stressed assets through strengthening monito...

Intellectual property rights issues must be embedded in Bangladesh's LDC graduation strategy

Debapriya Bhattacharya 2021-07-26 21:58:16

Intellectual property is now part of the global economy. There has been a rise in the knowledge economy and the future economic success of Bangladesh is largely dependent on it. Against this backdrop,...

Japan plans to set up two more SEZs in Bangladesh

FE REPORT 2021-07-26 08:52:00

Japan is expected to set up two more special economic zones (SEZs) in Bangladesh to bring more investors from the industrially developed country. "Japanese investors eye Bangladesh as a potential d...

UNESCO defers downgrade of Australia's Great Barrier Reef

-- 2021-07-25 16:08:12

UNESCO’s World Heritage Committee has deferred its decision to downgrade the status of Australia's iconic Great Barrier Reef after the Australian government managed to garner enough internationa...

Bangladesh to launch ‘Jogajog’ as alternative to Facebook, says Palak

-- 2021-07-24 18:45:28

Bangladesh is going to create its own social media platform called ‘Jogajog’ as an alternative to Facebook and ‘Alapon” for WhatsApp, State Minister for Information and Communi...

Philippines clears golden rice for commercial use, Bangladesh may approve soon

FE Online Report 2021-07-24 16:05:35

The Philippines has approved the release of vitamin A enriched golden rice, paving the way for it to be cultivated commercially in the country while creating a similar opportunity for Bangladesh. The...

Covid 'pingdemic' sharply slows UK’s growth

REUTERS 2021-07-24 13:11:59

Britain's rapid economic bounce-back from the Covid-19 pandemic slowed sharply in July as a new wave of cases forced hundreds of thousands of workers to self-isolate under government rules to limit th...

Natural disasters coupled with virus variant threatening global supply chains

REUTERS 2021-07-24 11:12:43

A new worldwide wave of Covid-19. Natural disasters in China and Germany. A cyber attack targeting key South African ports. Events have conspired to drive global supply chains towards breaking point,...

SpaceX bags NASA launch contract for mission to Jupiter's moon Europa

Reuters 2021-07-24 10:20:55

Elon Musk's private rocket company SpaceX was awarded a $178 million launch services contract for NASA's first mission focusing on Jupiter's icy moon Europa and whether it may host conditions suitable...

Bangladesh to attract FDI despite downturn: US report

-- 2021-07-24 08:37:02

Bangladesh will remain the most resilient and continue to attract foreign direct investments (FDI) to live up to its image as a favourite place for global investors, despite the Covid-induced economic...

ADB approves $940m for Bangladesh Covid-19 vaccines

FE ONLINE DESK 2021-07-23 21:34:45

The Asian Development Bank (ADB) approved a loan package of $940 million on Wednesday for Bangladesh to purchase safe and effective vaccines against COVID-19. The package, which comprises a regular l...

Economic outlook for South Asia dampened, but Bangladesh recovering: ADB

-- 2021-07-23 21:17:29

The Asian Development Bank has said the economic outlook for South Asia is dampened by new waves of COVID-19, but the Bangladesh economy is recovering. The country’s exports in the first 11 mon...

Targeted sectoral policy and operational measures for export diversification during post-Covid period

Khondaker Golam Moazzem 2021-07-23 20:25:20

In recent months, Bangladeshi exporters revealed a positive news regarding receiving additional export orders originated from new sources. Exporters of apparels products claim they have received order...

IMF increases lending limit by 45pc for low-income countries

FE ONLINE DESK 2021-07-23 17:48:24

The International Monetary Fund (IMF) has increased normal limits on access to concessional financing by 45 per cent to better support low-income countries (LICs) during the COVID-19 pandemic and the...

Global outage hits major websites

REUTERS 2021-07-23 09:17:03

Many websites were briefly down in an outage sparked by a glitch in Akamai Technologies Inc's systems, the second major disruption linked to the cloud company in about a month. "We have implemented a...

India watchdog accuses Amazon of concealing facts in deal for Future Group unit

Reuters 2021-07-22 16:01:16

India's antitrust regulator has accused Amazon.com Inc (AMZN.O) of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a letter to the U...

Delta dims global recovery outlook

REUTERS 2021-07-21 21:19:59

A drubbing in world equity markets and a huge flight to safety into U.S. Treasuries this week suggests investors now doubt that a much-anticipated return to post-COVID normality is feasible any time s...

ADB lowers developing Asia’s economic growth forecast

-- 2021-07-20 15:30:23

The Asian Development Bank (ADB) has marginally lowered its economic growth forecast for developing Asia this year amid the second wave of the pandemic. It projects a 7.2 per cent economic growth for...

New UK trading scheme to benefit Bangladesh

-- 2021-07-20 14:29:28

The UK government has launched a new scheme that aims to drive trade with Bangladesh and other countries boosting jobs and growth. The new trading rules will help countries come out of poverty and he...