Search results for: Economy

Dhaka to seek duty-free access of RMG products to USA for three years

-- 2020-10-12 21:16:15

Foreign Minister AK Abdul Momen has said Dhaka will seek duty free access of Bangladeshi readymade garments (RMG) products to the US market for the next three years. Dhaka will make the request durin...

Paul Milgrom, Robert Wilson win Nobel in economics for work on auction theory

-- 2020-10-12 16:41:48

US economists Paul Milgrom and Robert Wilson won the 2020 Nobel Economics Prize for improvements to auction theory and inventions of new auction formats, the Royal Swedish Academy of Sciences said on...

Covid cranks up Bangladesh e-Commerce

FHM HumayanKabir 2020-10-12 09:41:45

Bangladesh's e-Commerce has got a big boost as its market size has swelled by 30 times over the last five years, insiders said on Sunday. The suppliers' and customers' devotion to the online platform...

Call for deferring Bangladesh's LDC graduation

FE REPORT 2020-10-11 10:11:37

Bangladesh should recommend the United Nations for deferring the next year's LDC (least developed country) graduation triennial review by three more years, considering the adverse impacts of Covid-19...

China to invest nearly $900b in power grids: State media

-- 2020-10-10 17:54:30

China will invest near $900 billion in the next five years to help further develop the country’s power grids, reports Reuters on Saturday citing the country’s official Xinhua News Agency....

Covid-19 to reshape Bangladesh's economic policies in medium term

UNB 2020-10-10 16:46:06

Covid-19 has had a major impact on the global economy. Bangladesh is no exception. An official document now suggests that the pandemic is going to have a massive influence on Dhaka's economic policies...

Bangladesh government debt swells as revenue wanes amid pandemic

JASIM UDDIN HAROON 2020-10-10 09:27:16

The government's debt soared in the first half of the current calendar year, fuelled by a sharp rise in its borrowing, an American consultancy has found. The government borrowing shot up by 3.5 perce...

‘WB’s growth projection inconsistent with Bangladesh’s economic recovery’

-- 2020-10-09 22:03:40

Finance Minister AHM Mustafa Kamal on Friday said that the World Bank’s latest growth projection is inconsistent with the current economic recovery of Bangladesh. “World Bank is a global...

Strict lockdowns may speed up economic recovery: IMF

-- 2020-10-09 20:35:23

Early lockdowns in an epidemic can substantially reduce infections, and policymakers should be wary of lifting them to jumpstart their economies when infections remain high, the International Monetary...

Call to adopt twin strategies for sustainable LDC graduation

FE REPORT 2020-10-09 09:50:54

Bangladesh needs to adopt twin strategies for sustainable LDC (least developed country) graduation so that it can avert possible adverse impacts, an economist said on Thursday. To avoid the adverse...

State-owned banks asked to pace up small loan flow for economic recovery

SIDDIQUE ISLAM 2020-10-09 09:30:21

Four state-owned commercial banks (SoCBs) have been asked to go for small and medium loans for faster execution of stimulus packages to accelerate recovery of the pandemic-hit economy. The central ba...

‘21.33pc households receive govt relief during pandemic’

-- 2020-10-08 23:10:09

Around 21.33 per cent households of the country received government assistance or relief items during the Covid-19 period, from March to August. Prime Minister’s Principal Secretary Dr Ahmad Ka...

Forex reserves top $40b for first time

FE Online Report 2020-10-08 19:24:18

The country’s foreign exchange (forex) reserve crossed US$40 billion mark for the first time on Thursday following lower import payment obligations and higher growth of inward remittance. ...

NBR introduces automated challan system

-- 2020-10-08 18:46:15

The National Board of Revenue (NBR) has introduced automated challan system to facilitate deposition of some 196 types of revenues and fees to national exchequer. NBR Chairman Abu Hena Md Rahmatul Mu...

World Bank forecasts Bangladesh's GDP growth at 1.6 per cent in fiscal year 2021

FE ONLINE DESK 2020-10-08 13:56:54

Bangladesh's GDP growth is forecast to slow down to 1.6 per cent in the fiscal year 2021 as the country struggles with the devastating impact of the lingering Covid-19 pandemic, the World Bank said in...

Unemployment is world's biggest worry for next 10 years, business leaders say

Reuters 2020-10-08 12:59:28

Unemployment is seen as the biggest worry over the next 10 years for business executives around the world, closely followed by concern about the spread of infectious diseases, according to a survey by...

Bangladesh Bank extends policy support to businesses for six months

SIDDIQUE ISLAM 2020-10-07 09:26:40

The central bank has extended its policy supports for the businesses by another six months to help offset the adverse impact of the ongoing Covid-19 pandemic, officials said. Under the policy support...

Record high jute prices please farmers, exports soar 40pc

bdnews24.com 2020-10-06 22:57:54

Saiful Islam, a farmer from Kumargacha Village in Pabna’s Chatmohor Upazila, is aroused by the high price of jute amidst the doom and gloom of the coronavirus crisis. Saiful planted jute on sev...

IMF chief says global economy 'less dire' but long climb ahead

-- 2020-10-06 19:52:13

The global economy is looking “less dire” than it did in June and the International Monetary Fund will make a “small” upward revision to its 2020 global output forecast, IMF Ma...

Bangladesh shows signs of economic recovery amid pandemic

-- 2020-10-06 18:52:16

At a time when the global economy is in turmoil due to the coronavirus epidemic, most of the major indicators in Bangladesh offer cause for optimism over the country's economic prospects. The inflow...

Ecnec clears Tk 1.23b project to create self-employment opportunities   

-- 2020-10-06 17:04:12

The Executive Committee of the National Economic Council (Ecnec) on Tuesday cleared a new project involving Tk 1.23 billion to create self-employment opportunities by expanding the activities of Bangl...

PM says timely stimulus packages helped economy gain pace

-- 2020-10-06 15:29:09

Prime Minister Sheikh Hasina on Tuesday said the national economy has made a turnaround with its desired pace due to the government’s timely decision to give stimulus packages to various sectors...

IMF extends debt relief for 28 low-income countries

-- 2020-10-06 13:46:04

The Executive Board of the International Monetary Fund (IMF) has approved a second six-month tranche of debt service relief for 28 low-income countries amid the Covid-19 pandemic. "Relief on debt ser...

Mobile banking faces bump in August

SIDDIQUE ISLAM 2020-10-06 10:12:07

Transactions through mobile financial services (MFS) dropped by more than 34 per cent in August as people resumed normal banking despite the Covid-19 pandemic. The expiry of the tenure of the stimulu...

No tax increases in Germany during pandemic, minister says

Reuters 2020-10-05 15:52:44

Germany should not raise taxes during the pandemic, Economy Minister Peter Altmaier said on Monday, adding that there was a case for lowering taxes in some areas, such as for high-earning skilled work...

Singapore's retail sales fall 5.7pc y/y in August

-- 2020-10-05 15:39:15

The Department of Statistics (DOS) of Singapore has announced that Singapore's retail sales decreased by 5.7 per cent year on year in August, an improvement from the 8.5 per cent year-on-year decline...

Q1 exports up by 2.58pc, cross target by 2.45pc

FE Report 2020-10-05 09:34:39

The country's merchandise shipments during the first quarter (Q1) of current fiscal year (FY), 2020-21, grew by 2.58 per cent to US$ 9.89 billion over that of the same period of last fiscal. The July...

Taxmen's mindsets key barrier to NBR reform

FE REPORT 2020-10-04 11:15:04

Reforming the tax administration will be possible only if taxmen change theirorthodox mindsets and view taxpayers as 'clients,'business leaders and policy makers said on Saturday. They suggested a pa...

Bangladesh-Bhutan PTA likely in Dec

REZAUL KARIM 2020-10-04 10:53:42

A preferential trade agreement (PTA) between Bangladesh and Bhutan is expected to be signed in the victory month of December to boost bilateral trade. Bangladesh and Bhutan are good regional neighbou...

Bangladesh’s current account records surplus in two months

JASIM UDDIN HAROON 2020-10-04 09:20:31

The country's current-account posted a record surplus in July-August period of the current fiscal year, amid the pandemic. The current account balance, a measure of the nation's trade and financial f...