Search results for: Economy

Bangladesh keen to boost trade with seven sisters of India 

-- 2022-11-20 21:32:06

Terming India as a friendly nation as well as a trade and development partner of Bangladesh, Commerce Minister Tipu Munshi has said that there is a huge scope for boosting trade and investment of Bang...

ABB chairman dismisses liquidity crisis rumours again

FE ONLINE DESK 2022-11-20 20:05:02

The Association of Bankers, Bangladesh (ABB) has ruled out rumours about a liquidity crisis in the banking system of Bangladesh. "It is most disappointing to see different posts on social media about...

Dollar crisis hits shipping sector as payment to MLOs face hurdles

FE ONLINE REPORT 2022-11-20 19:13:18

The ongoing foreign exchange reserve crisis has had a negative impact on the shipping sector as well, as shipping entrepreneurs are unable to remit funds to main line operators. If the situation cann...

Hasina urges entrepreneurs to keep up pace of industry to meet domestic demand

bdnews24.com 2022-11-20 14:01:18

Prime Minister Sheikh Hasina has urged factory owners and other titans of industry to continue working and meet the needs of Bangladesh’s populace despite the ongoing global economic uncer...

PM opens, lays foundation stones of 50 industrial units, infrastructures

UNB 2022-11-20 11:58:05

Prime Minister Sheikh Hasina on Sunday inaugurated and laid foundation stones of 50 industrial units and infrastructures at different economic zones on the occasion of the golden jubilee of the countr...

Widen direct tax net to increase tax-GDP ratio, speakers say at seminar

FE Report 2022-11-20 08:53:29

Emphasising an increase in tax-GDP ratio, speakers at a programme on Saturday urged the revenue authorities to widen direct tax net while reducing pressure on indirect tax collection. If income tax c...

NBR fears revenue shortfall on austerity measures

DOULOT AKTER MALA 2022-11-20 08:50:11

The revenue board has identified four policy measures that could prove barriers to achieving revenue collection targets unless effective actions are taken to offset the fallout, according to a polic...

Macro-economy under stress, says MCCI

FE Report 2022-11-20 08:46:50

Despite showing some signs of recovery, the country's macro-economy is now under pressure due to the high rate of US dollar, increased import payments, negative current account balance, weak remitta...

Speakers for increasing direct tax net 

-- 2022-11-19 22:06:43

Speakers at a discussion emphasised increasing direct income tax to reduce increasing inequality in the taxation system.  They came up with the remarks in a seminar titled 'Combating Inequality...

Interest equilibrium implies uncertain economic outlook

JASIM UDDIN HAROON 2022-11-19 08:49:18

Bangladesh's treasury yield curve has now flattened further due, many believe, to hikes in policy rates and other regulatory moves tightening the monetary stances to fight stubbornly high inflation....

50 industrial units in EZs to be inaugurated Sunday

-- 2022-11-18 20:06:33

Prime Minister Sheikh Hasina will inaugurate 50 industrial units, projects and facilities in Economic Zones (EZs) on Sunday, marking 50 years of independence.  Bangladesh Economic Zones Authorit...

'End dilemmas, kick-start structural reform'

FE REPORT 2022-11-18 08:46:59

No use blaming only the global crunch, rather the government should kick-start structural reform in financial sector to remove anomalies to navigate oncoming crises, says an economic think-tank. The...

Forex reserves see scanty rise

FE REPORT 2022-11-18 08:38:12

Despite selling US$ 527 million to the banks in the last seven days, the foreign-exchange reserves increased slightly during the period thanks to a decline in import payments of late, according to o...

Stress on improving logistics efficiency and quality for economic growth

FE ONLINE REPORT 2022-11-17 21:01:30

Higher logistics costs, poor infrastructure, a lack of an investment-friendly environment, state-of-the-art technology, and inadequate financing are hurting the development of the logistics sector, th...

BB forms Tk 50b refinance scheme to ensure food security

-- 2022-11-17 20:41:52

Bangladesh Bank has formed a refinance scheme of Tk 50.0 billion to boost food production and strengthen the country's food security.  Farmers can take loans from this fund at a 4.0 per cent int...

Tipu for expanding export markets for LDC graduation

-- 2022-11-17 18:01:51

Commerce Minister Tipu Munshi has said that there is a need to move forward with a long-term plan to increase the country’s exportable items and also to expand the export markets considering the...

Sri Lanka-BD joint venture to invest $11.32m in BEPZA EZ 

-- 2022-11-17 17:22:26

JF&I Packaging (BD) Ltd, a Sri Lanka-Bangladesh joint venture enterprise, is going to establish a garments accessories manufacturing industry in BEPZA Economic Zone (EZ)) with an investment of US$...

No forex crisis from Jan 2023, Bangladesh Bank governor says

UNB 2022-11-17 12:10:10

Bangladesh Bank governor Abdur Rouf Talukder has said there will be no foreign exchange crisis from January 2023, as the country's exports and remittances have become surplus compared to imports. He...

BB suspends 480 MFS agents’ accounts

FE ONLINE DESK 2022-11-17 10:38:27

Bangladesh Bank has urged expatriates to send money through the banks, reminding them of legal consequences for using illegal means to conduct cross-border transactions. It also suspended 480 Mobile...

UK inflation hits 41-year high

-- 2022-11-16 20:16:01

Surging household energy bills and food prices pushed British inflation to a 41-year high, according to data published a day before finance minister Jeremy Hunt announces tax hikes and spending cuts t...

Bangladesh Bank curtails banks’ power to waive interest on loans

-- 2022-11-16 19:43:07

Bangladesh Bank is seeking to curtail the powers of the board of directors of banks to waive interest on loans without consultations with the relevant departments. The central bank’s Banking Re...

DCCI urges Iraqi businesses to import vegetables, mangoes

-- 2022-11-16 19:12:09

Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman has said that Iraq can import vegetables, potatoes, mangoes and ICT products from Bangladesh. He also invited Iraqi investors to...

BB allows export income, remittance through MFS

-- 2022-11-16 17:30:31

Bangladesh Bank has allowed mobile financial service (MFS) providers to repatriate (conversion of foreign currency into local currency) export income and inward remittance. All authorised dealers wil...

G20 vows to calibrate pace of interest rate hikes, avoid spillovers

-- 2022-11-16 16:32:47

Leaders of the Group of 20 (G20) major economies have agreed to pace their interest rate hikes carefully to avoid spillovers and warned of "increased volatility" in currency moves, a sea change from l...

Lugang Technology to invest $23m in Ishwardi EPZ

-- 2022-11-16 16:32:33

Lugang Technology (Bangladesh) Limited, a Hong Kong (China) owned company, is going to establish a textile industry at Ishwardi Export Processing Zone (IEPZ). This fully foreign-owned company will in...

WTO warns of 'real' recession risk in some major economies

REUTERS 2022-11-16 12:07:22

The head of the World Trade Organization (WTO) warned on Wednesday that several major economies face a real risk of sliding into recession as the war in Ukraine, rising food and fuel costs, and...

BB governor for cut in interest rates on microcredit lending

FE REPORT 2022-11-16 08:49:11

Bangladesh Bank (BB) Governor Abdur Rouf Talukder on Tuesday urged the country's microfinance institutions to reduce interest rates on microcredit lending. "Making profits from the loans disbursed am...

Liquidity shortage a hoax, say bankers

FE REPORT 2022-11-16 08:45:07

Hearsay on liquidity shortage in Bangladesh's banking system is a hoax, now bankers also say and dismiss it as scaremongering by vested quarters. The Association of Bankers, Bangladesh (ABB) ruled...

Indonesia signs deals to increase renewable energy

-- 2022-11-15 17:38:56

Indonesia has signed deals with international lenders and major nations that will bring billions of dollars in funding to help the country increase its use of renewable energy and reduce its reliance...

Japan's economy unexpectedly shrinks as hot inflation, global slowdown take toll

REUTERS 2022-11-15 13:49:39

Japan's economy unexpectedly shrank for the first time in a year in the third quarter, stoking further uncertainty about the outlook as global recession risks, a weak yen and higher import costs took...