Search results for: Economy

EU to provide €23m to PKSF for extreme poverty reduction

FE ONLINE REPORT 2022-12-29 16:50:17

The European Union (EU) and Palli Karma-Sahayak Foundation (PKSF) on Thursday signed a Grant Agreement to implement a new project for extreme poverty reduction in the country. The signing ceremony of...

‘Revenue collection grows 15.0pc on average over last few years’

-- 2022-12-28 22:48:18

Finance Minister AHM Mustafa Kamal has said Bangladesh witnessed a massive development in the revenue sector after the Awami League government assumed office in 2009. He informed the revenue collecti...

Korean envoy for introducing technology to stop money laundering

FE ONLINE DESK 2022-12-28 19:15:48

South Korean Ambassador to Bangladesh Lee Jang-Keun has stressed the introduction of the While List System for parallel or illegal import mobile handsets so that terrorists and extremists or money lau...

Manpower export review 2022: Outflow hits record, remittance inflow falls

ARAFAT ARA 2022-12-28 09:00:05

With the opening of new markets, a record number of Bangladeshi nationals went abroad with jobs so far in the outgoing calendar year. Bangladesh sent more than 1.0 million people in the first 11 mo...

Teesta river management: Government goes slow on Chinese funding

MIR MOSTAFIZUR RAHAMAN 2022-12-28 08:52:54

Bangladesh apparently slows down the process of receiving funds from China for the much-talked-about Teesta river-management project, officials with knowledge of the development told the FE. "We're...

Bangladesh, ADB sign $250m loan to strengthen resilience in coastal towns

-- 2022-12-27 22:39:32

The Asian Development Bank (ADB) and Bangladesh have signed agreements for $250 million in loans to strengthen climate and disaster resilience in 22 coastal towns in Bangladesh. Sharifa Khan, secreta...

HCA signed, €609m in loans approved by AFD for Bangladesh

-- 2022-12-27 22:10:03

In 2022, AFD and the Economic Relations Division of the government of Bangladesh signed a host country agreement (HCA) for the establishment of AFD activities in Bangladesh, a successful outcome of ye...

Nearly three in five German industry associations foresee gloomy 2023

-- 2022-12-27 15:35:35

Nearly three out of five German industry associations are pessimistic about next year and expect their companies to produce less as high energy prices due to the war in Ukraine show no signs of abatin...

Japan's jobless rate falls to 2.5pc in Nov

REUTERS 2022-12-27 12:51:18

Japan's jobless rate fell to 2.5 per cent in November, while the availability of jobs stayed at its highest level since March 2020, government data showed on Tuesday. The seasonally adjusted unemploy...

BB opens research cell to combat money laundering

FE ONLINE DESK 2022-12-27 12:22:25

Bangladesh Bank has formed a research cell to look into the effectiveness of the country's anti-money laundering mechanisms and ways to recover illicit funds, bdnews24.com reports. The nine-str...

Massive $2.47b education recuperation recipe ahead

FHM HUMAYAN KABIR 2022-12-27 08:56:41

A massive US$2.47-billion programme with World Bank assistance is in the offing for recovery of education upset by the global Covid-19 pandemic, according to officials. The WB is likely to lend US$70...

Revenue collection posts 13.06pc growth in July-Nov

-- 2022-12-26 21:23:40

The revenue collection by the National Board of Revenue (NBR) witnessed a healthy growth of 13.06 per cent in the first five months (July-November) of the current fiscal year (FY23) fetching Tk 1.15 t...

Bangladesh signs $628.29m loan deal with ADB

-- 2022-12-26 19:05:34

The Asian Development Bank (ADB) and the government have signed loan agreements worth $628.29 million for the implementation of development, urban transport and climate resilience projects. Sharifa K...

Investment, business scope: Indian delegation keen on visiting Bangladesh

FE REPORT 2022-12-26 10:18:15

An Indian delegation would like to visit Bangladesh, in order to understand the investment and business opportunities available in the two economies of South Asia. Kolkata-based Bengal Chamber of Com...

Living gets harder as inflation outweighs wages

JASIM UDDIN HAROON 2022-12-26 08:49:05

Commoners pay through their nose as wage growth in Bangladesh remains stubbornly far lower than consumer prices fueled by soaring headline inflation, economists say as official data show the gap. As...

Next budget may bank on higher foreign aid

FHM HUMAYAN KABIR 2022-12-25 08:55:38

Development spending in the next fiscal may draw higher foreign assistance as the government envisages allocating Tk70 billion more as project aid (PA) in the financial year (FY) 2023-24 development b...

India replaces Covid-era free food programme with cheaper scheme

-- 2022-12-24 10:17:08

India will end its Covid-19 era free food programme on December 31 and replace it with a cheaper programme that will save the government nearly $20 billion in the next 12 months. Late on Friday, Indi...

Big push for local units' renewable energy use, efficiency

FE REPORT 2022-12-24 08:57:12

The German KfW Development Bank will provide Euro 181.5 million in assistance to Bangladesh for increasing energy efficiency in local industries and developing renewable-energy sources here. The KfW...

Pakistan faces risk of default as its forex reserves plunge to eight-year low

FE ONLINE DESK 2022-12-23 21:14:34

Pakistan’s foreign exchange reserves plunged to $6.1 billion, the lowest since 2014, as of December 16, the central bank of the country has said. In continuation of the declining spree, foreign...

Japan OKs $865 billion budget for FY 2023

-- 2022-12-23 20:53:47

The Japanese government adopted a record draft budget of 114.38 trillion yen (865 billion US dollars) for the fiscal year 2023 (April 2023-March 2024) on Friday, with defence spending hitting a record...

Japan's consumer inflation hits fresh 40-year high, eyes on BOJ policy

REUTERS 2022-12-23 14:01:30

Japan's core consumer inflation hit a fresh four-decade high as companies continued to pass on rising costs to households, data showed, a sign price hikes were broadening and could keep the central ba...

Musk says he will not sell more Tesla stock for about two years

-- 2022-12-23 12:37:29

Tesla Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years. While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy wi...

Japan to unveil record $864b budget

-- 2022-12-23 11:47:01

Japan is set to unveil on Friday a record $864 billion budget for the next fiscal year from April, pushed up by increased military spending and higher social security costs for a fast-ageing populatio...

Dhaka, New Delhi agree to start discussion for CEPA soon

FE ONLINE DESK 2022-12-23 10:38:06

Bangladesh and India today (Dec 22) agreed to start discussions for a Comprehensive Economic Partnership Agreement (CEPA) at an early date for benefit of people of both the countries, BSS reports. Th...

G7 commits to $32 bn in budget support for Ukraine in 2023

FE ONLINE DESK 2022-12-23 10:33:37

The Group of Seven (G7) wealthy nations has mobilised up to $32 billion in budget and economic support for Ukraine next year, their finance ministers said in a joint statement on Thursday, addin...

Labour market recovery: Structural issues, slow tech progress, skill gap main hurdles

FE REPORT 2022-12-23 09:00:37

Economists and stakeholders said structural issues of domestic labour market, slow technological advancement, skill gap between employment and academia, lack of soft and interpersonal skills, and dece...

ADP execution way down the mark

FHM HUMAYAN KABIR 2022-12-23 08:46:54

Tightening belts to weather a bad time amid a global crunch drove down development-programme implementation in Bangladesh as the rate was only 18.41 per cent in the first five months of this fiscal, o...

In hangover of World Cup fiesta, Argentina's economic reality bites

-- 2022-12-22 14:12:37

Gregorina Victorica, 86, a retiree in Buenos Aires has been cheering Argentina's victory in the soccer World Cup, which has lifted spirits in the South American nation and brought joy to people hard h...

Saudi Arabia says 'no' to Bangladesh request for customs duty exemption

REZAUL KARIM 2022-12-22 09:43:00

The Kingdom of Saudi Arabia (KSA) has declined to provide any exemption from customs duties to Bangladeshi products due to a unified customs tariff system of Gulf countries. Bangladesh requested the...

Quarterly GDP data likely from next FY

FHM HUMAYAN KABIR 2022-12-22 08:32:55

The Bangladesh Bureau of Statistics (BBS) is likely to publish quarterly GDP data from next fiscal year (FY), 2023-24, by incorporating household activities, as it is working to build capacity of the...