Loading...
The Financial Express

Search results for: economy

BB relaxes regulations to attract FDI

BB relaxes regulations to attract FDI

FE ONLINE REPORT 2020-07-07 19:13:49

The central bank of Bangladesh has relaxed regulations aiming to attract foreign direct investment (FDI) through providing three more facilities to foreign investors. Under the relaxations, foreign i...

‘COVID-19 ends hopes of poverty eradication by 2030’

‘COVID-19 ends hopes of poverty eradication by 2030’

-- 2020-07-07 18:54:31

The global COVID-19 pandemic has pushed more than 250 million people to the brink of starvation and dashed hopes of eradicating extreme poverty by 2030, a UN expert said in a report published on Tuesd...

BD likely to continue steady growth rates: HSBC economist

BD likely to continue steady growth rates: HSBC economist

-- 2020-07-07 18:32:29

As global growth recovers in the coming quarters, Bangladesh stands to benefit from its strong economic fundamentals and will likely continue to deliver steady growth rates despite COVID-19 pandemic....

Bangladesh shows resilience despite Covid-19, HSBC economist says

Bangladesh shows resilience despite Covid-19, HSBC economist says

FE Online Desk 2020-07-07 17:54:01

As global growth recovers in the coming quarters, Bangladesh stands to benefit from its strong economic fundamentals and will likely continue to deliver steady growth rates. This is according to Frede...

Last day to send suggestions for FY21 monetary policy

Last day to send suggestions for FY21 monetary policy

FE Online Report 2020-07-07 16:17:45

Today (July 07, 2020) is the last day to send suggestions and opinions for the country’s monetary policy for the fiscal year (FY21). Bangladesh Bank has already started to work to formulate FY2...

Indonesia's forex reserves reach $131.7b in June

Indonesia's forex reserves reach $131.7b in June

-- 2020-07-07 14:59:12

Indonesia's central bank recorded foreign exchange (forex) reserves at 131.7 billion US dollars at the end of June, an increase compared to 130.5 billion dollars at the end of May. "The increase in f...

Currency crisis impoverishes Iranians, strains economic defences

Currency crisis impoverishes Iranians, strains economic defences

REUTERS 2020-07-07 14:01:09

Desperate to afford her daughter’s overseas university fees, 58-year-old retired Iranian teacher Maryam Hosseini withdrew all her savings from the bank to buy US dollars. It was not enough. Wit...

BR executes 57pc of ADP in FY '20

BR executes 57pc of ADP in FY '20

MUNIMA SULTANA 2020-07-07 09:43:59

Bangladesh Railway (BR) has implemented only 57.39 per cent of the Annual Development Programme (ADB) in the just concluded fiscal year (FY 2019-20). It could spend only Tk 58.82 billion till June th...

Virus severely affects S Asian livelihoods

Virus severely affects S Asian livelihoods

FE Report 2020-07-07 09:38:24

The new coronavirus pandemic in South Asia has severely affected livelihoods of over 1.7 billion people, according to the Global Food Policy Report (GFPR) 2020. It said the disruptions to supply chai...

China requests BD to ensure virus-free food export

China requests BD to ensure virus-free food export

REZAUL KARIM 2020-07-07 09:34:55

China has requested Bangladesh to take adequate safety measures for ensuring that the food items being exported from Bangladesh to China remains free from contamination of coronavirus, officials said....

Tax receipt posts negative growth

Tax receipt posts negative growth

Doulot Akter Mala 2020-07-07 09:23:11

Tax collection fell into negative territory in the just-concluded fiscal year due to, what officials described, economic disruptions caused by the Covid-19 pandemic. Tax receipt by the National Board...

PM suggests using forex reserve to finance development projects

PM suggests using forex reserve to finance development projects

-- 2020-07-06 23:11:14

Prime Minister Sheikh Hasina directed the authorities concerned to explore ways to channel funds from the country’s record-high foreign exchange reserves in the form of credit to finance the dev...

Boro farmers report 40pc deficit between actual and expected profit

Boro farmers report 40pc deficit between actual and expected profit

-- 2020-07-06 22:29:44

Farmers who cultivated Boro paddy this year reported a 40 per cent deficit on average between their actual and projected profit amid COVID-19 pandemic, according to a survey. The Brac Institute of Go...

Three highways set to be overhauled in current fiscal

Three highways set to be overhauled in current fiscal

-- 2020-07-06 18:40:55

Three highways will be upgraded into four-lane ones in the current fiscal (FY21) aiming to improve the national transport system and infrastructures for better road communications across the country....

Inflation up in June

Inflation up in June

FE Online Report 2020-07-06 16:52:57

The point-to-point inflation rate in last month June increased by 0.67 percentage points to 6.02 per cent due to significant rise of the food inflation, official data showed. In May, the rate of infl...

Vietnam's garment exports decline 15.5pc in H1

Vietnam's garment exports decline 15.5pc in H1

-- 2020-07-06 16:14:57

Vietnam's total textile and garment export value in the first half of this year declined by 15.5 per cent year-on-year to nearly 12.8 billion US dollars, according to the country's General Statistic...

New container line opens between Ctg, Kolkata ports

New container line opens between Ctg, Kolkata ports

FE REPORT 2020-07-06 09:48:59

A new container line has started operating between Chattogram and Kolkata seaports in a significant move to boost Indo-Bangladesh trade. The vessel,Harmann Schepper, left the Ctgport on Thursday la...

Stakeholders divided on PPP-run jute mills

Stakeholders divided on PPP-run jute mills

-- 2020-07-05 16:26:56

The government's plans to revitalise the flagging jute sector through public-private partnerships have been met with scepticism from stakeholders in the industry. It came after the government announc...

Egypt's Red Sea resort city obtains 899 foreign tourists

Egypt's Red Sea resort city obtains 899 foreign tourists

-- 2020-07-05 16:18:43

Egypt's Red Sea resort city of Hurghada received on Saturday 899 foreign tourists aboard five flights coming from Switzerland, Belarus and Ukraine, the Red Sea governor told reporters at Hurghada airp...

German minister sees economic recovery from October

German minister sees economic recovery from October

Reuters 2020-07-05 14:17:19

Germany’s economy may recover from October onwards from the coronavirus pandemic, Economy Minister Peter Altmaier said in a newspaper interview on Sunday. “I am sure that the downturn of...

Dhaka requests Kathmandu to conclude negotiations on PTA

Dhaka requests Kathmandu to conclude negotiations on PTA

FE Report 2020-07-05 10:33:52

Bangladesh has requested Nepal to conclude discussion son signing of preferential trade agreement (PTA) in the shortest possible time, officials said. In this regard, the commerce secretary of Bang...

Call for new skills to meet post-Covid needs

Call for new skills to meet post-Covid needs

FE REPORT 2020-07-05 10:27:56

Speakers in a webinar on Saturday suggested the authorities concerned act fast to develop new skill sets among the workforce to tap potential investment in the post-COVID era. As countries like the U...

RMG exports to US drop 12pc

RMG exports to US drop 12pc

Monira Munni 2020-07-05 09:42:38

The country's apparel exports to the United States fell by 12.10 per cent during the first five months of the current calendar year due to the ongoing Covid-19 pandemic, exporters have said. Banglade...

ADP for FY 2020-21: Unapproved projects are there again

ADP for FY 2020-21: Unapproved projects are there again

FHM Humayan Kabir 2020-07-05 09:36:49

The coronavirus impact has failed to restrict public agencies from the race for including unapproved projects in the current development programme as nearly 1,450 have been added to tally. An FE anal...

Business sector still far from reaching SDGs, UN report shows

Business sector still far from reaching SDGs, UN report shows

-- 2020-07-04 20:15:11

A recent United Nations report on the private business sector shows that the majority of companies are not doing enough to help bring about the UN’s 2030 Agenda for Sustainable Development Goals...

Demand for COVID-19 aid drops

Demand for COVID-19 aid drops

-- 2020-07-04 17:11:54

The demand for aid has dropped as the coronavirus-hit unemployment was curbed by the resumption of economic activities around the country. State Minister for Disaster Management and Relief Md Enamur...

Euro zone business slump eased in June

Euro zone business slump eased in June

-- 2020-07-04 15:29:12

The plunge in euro zone business activity caused by lockdowns imposed to stop the spread of the coronavirus eased sharply last month as more businesses reopened and people ventured out, a survey has s...

Nepal's tourism sector incurs loss of $282m

Nepal's tourism sector incurs loss of $282m

-- 2020-07-04 12:48:16

Nepal's tourism industry is estimated to lose 34 billion Nepali Rupees (282 million US dollar) since the country’s government enforced lockdown in March to prevent the spread of COVID-19 pandemi...

Ctg Customs House misses FY '20 tax collection target

Ctg Customs House misses FY '20 tax collection target

 Nazimuddin Shyamol 2020-07-04 10:22:15

The Chittagong Customs House (CCH) has failed to achieve the target of collection of taxes in the just-ended fiscal year (2019-20). Last year, the National Board of Revenue (NBR) fixed a Tk 582.98-bi...

Container growth slows in FY'20

Container growth slows in FY'20

JASIM UDDIN HAROON 2020-07-04 09:33:44

The growth in container handling at the country's prime sea port of Chittagong slowed down to nearly 3.0 per cent in the just-concluded fiscal year due to poor shipment. This is provisional statistic...