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Search results for: economy

Inflation falls to 8.85pc in November

Inflation falls to 8.85pc in November

-- 2022-12-05 16:20:28

Inflation declined to 8.85 per cent in November from 8.91 per cent in the previous month as food prices eased. That means the Consumer Price Index fell for the third straight month. Food inflation fe...

UK economy to shrink in 2023, risks 'lost decade': CBI

UK economy to shrink in 2023, risks 'lost decade': CBI

REUTERS 2022-12-05 10:02:47

Britain's economy is on course to shrink 0.4 per cent next year as inflation remains high and companies put investment on hold, with gloomy implications for longer-term growth, the Confederation of Bu...

PM to open special economic zone in N'gnaj tomorrow

PM to open special economic zone in N'gnaj tomorrow

FE Report 2022-12-05 08:56:47

Prime Minister Sheikh Hasina is scheduled to inaugurate Bangladesh Special Economic Zone (BSEZ) tomorrow (Tuesday). The BSEZ, when fully operational, is expected to draw investment worth $1.5 billi...

BB mulls injecting more funds into farming sector

BB mulls injecting more funds into farming sector

JASIM UDDIN HAROON AND JUBAIR HASAN 2022-12-05 08:52:56

Bangladesh Bank (BB) is planning to inject more funds into the farming sector through banking channels from the next calendar year for strengthening the country's food security amid warnings of a poss...

Govt posts July budget surplus

Govt posts July budget surplus

JASIM UDDIN HAROON 2022-12-05 08:51:08

Bangladesh reports a budget surplus in the month starting the current fiscal year, finance ministry shows in revenue-collection and spending data, which relieves feelings on bigger annual shortfall....

Bangladesh's RMG export to US rises 51pc

Bangladesh's RMG export to US rises 51pc

-- 2022-12-04 20:33:44

The USA has imported RMG items worth $7.55 billions from Bangladesh during the January-September period of the current year which is around 51 per cent higher compared to the same period of last year....

Chinese Company to invest $40m in BEPZA Economic Zone 

Chinese Company to invest $40m in BEPZA Economic Zone 

-- 2022-12-04 17:25:48

Chinese company Fenix Garment Limited will set up a high-end garments manufacturing industry in the Bangladesh Export Processing Zones Authority (BEPZA) Economic Zone (EZ) with an investment of around...

Differing views on interest cap

Differing views on interest cap

FE REPORT 2022-12-04 09:13:12

Economists and experts at a conference on Saturday made differing views on the withdrawal of the banking rate cap in order to tame inflation and weather macro-economy. Almost all the economists favou...

Remake rundown economic growth model, policies

Remake rundown economic growth model, policies

FE REPORT 2022-12-04 09:05:19

Bangladesh ought to make major readjustments to its economic growth model and policies to sustain high growth, says a study, as innovations of the 1990s are a spent driving force these days. To sus...

Adopt bottom-up approach to frame inclusive policy, speakers say at dialogue

Adopt bottom-up approach to frame inclusive policy, speakers say at dialogue

FE Report 2022-12-04 08:50:27

Speakers at a programme on Friday urged the government to follow bottom-up approach while framing any policy to make it inclusive and representative to all citizens. They also observed that devel...

As IMF funding delayed, Pakistan expects $3bn from friendly country

As IMF funding delayed, Pakistan expects $3bn from friendly country

FE ONLINE DESK 2022-12-03 11:33:06

Pakistan expects to secure $3 billion in external financing from a friendly country in two weeks, its finance minister said on Friday as the South Asian country awaits I...

Venezuela signs contracts with US oil giant Chevron

Venezuela signs contracts with US oil giant Chevron

-- 2022-12-03 11:03:04

Venezuela's oil minister and top representatives of state-run company PDVSA on Friday signed contracts with US oil firm Chevron Corp intended to help revive the nation's oil output and expand ope...

Two power entities lavish money

Two power entities lavish money

FHM HUMAYAN KABIR 2022-12-03 09:05:22

Two power-distribution companies are found extravagant in their spending on development project-related land acquisition and procurement, overreaching government provisions, sources say. Bypassing th...

Augment concessional lending to emerging economies

Augment concessional lending to emerging economies

FE REPORT 2022-12-03 08:50:51

A clarion call comes for channeling more concessional loans through multilateral development system into emerging and developing economies to finance inclusive and sustainable development. Speakers...

Merchandise export fetches $5b in November

Merchandise export fetches $5b in November

-- 2022-12-02 15:33:04

Bangladesh earned over $5.0 billion from merchandise exports in November, a record income in a month thanks to a surge in apparel exports, according to official figures. The November export earnings...

Inflation may be peaking, but doubts emerge about its decline

Inflation may be peaking, but doubts emerge about its decline

-- 2022-12-02 09:57:17

With central banks ratcheting up their response to a global inflation shock, debate is shifting from when they'll win the war to whether faster rising prices are here to stay i...

World Bank chief says poorest countries owe $62bn on bilateral debt

World Bank chief says poorest countries owe $62bn on bilateral debt

FE ONLINE DESK 2022-12-02 09:42:30

The world's poorest countries now owe $62 billion in annual debt service to official bilateral creditors, an increase of 35 per cent over the past yea...

IMF chief sees higher chance of global growth below 2.0pc in 2023

IMF chief sees higher chance of global growth below 2.0pc in 2023

-- 2022-12-01 21:04:00

International Monetary Fund managing director Kristalina Georgieva said on Thursday the chance of global growth falling below 2.0 per cent next year was increasing due to the continued effects of the...

Tk 30b revenue collected till Nov 30

Tk 30b revenue collected till Nov 30

-- 2022-12-01 20:24:40

The National Board of Revenue (NBR) has collected over Tk 30.0 billion as revenue till November 30. "Some 2.40 million taxpayers have filed their income tax returns till November 30. Against the tax...

Apparel sector sees highest growth in EU market during January-August

Apparel sector sees highest growth in EU market during January-August

-- 2022-12-01 20:17:35

The European Union's (EU) apparel imports from Bangladesh saw the highest growth among all the top exporter countries during January-August this year, Eurostat, the statistical office of the EU, said....

India cuts windfall tax on diesel exports

India cuts windfall tax on diesel exports

-- 2022-12-01 18:37:05

India has cut the windfall tax on crude oil to 4,900 rupees ($60.34) per tonne, according to a government order. It also cut the export tax on diesel to 8 rupees per litre, reports Reuters. Changes...

Bangladesh sees 5pc remittance growth in 2022

Bangladesh sees 5pc remittance growth in 2022

-- 2022-12-01 16:50:38

Remittances to low and middle income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5.0 per cent to $626 billion. This is sharply lower than the 10.2 per cent increase in...

Welsh businesses keen to do business in Bangladesh

Welsh businesses keen to do business in Bangladesh

FE ONLINE REPORT 2022-12-01 16:27:23

Welsh investors have expressed their interest to do business in Bangladesh to make mutually beneficial economic relations, upon Brexit and LDC graduation of Bangladesh. The business networking meetin...

Forex reserves recede further

Forex reserves recede further

JUBAIR HASAN 2022-12-01 08:48:29

Bangladesh's foreign-exchange reserves dropped below the official US$34-billion mark despite belt-tightening measures to stall the fall to navigate internal and external headwinds on the financial fro...

India annual GDP growth slows to 6.2pc in Sept quarter

India annual GDP growth slows to 6.2pc in Sept quarter

-- 2022-11-30 19:22:18

Annual growth in the Indian economy likely slowed in the July-September quarter as Covid distortions faded, economists said ahead of GDP data due on Wednesday that will provide clues about its resilie...

Sri Lanka's key inflation rate eases to 61pc in November

Sri Lanka's key inflation rate eases to 61pc in November

-- 2022-11-30 17:21:09

Sri Lanka's key inflation rate eased to 61 per cent in November from 66 per cent in October, the crisis-struck country's statistics department said on Wednesday. The Colombo Consumer Price Index (CCP...

Golachipa Bridge in Barishal: Land acquisition cost set to cross construction cost

Golachipa Bridge in Barishal: Land acquisition cost set to cross construction cost

FHM HUMAYAN KABIR 2022-11-30 08:58:03

Despite austerity measures amid economic turmoil, the Roads and Highways Department (RHD) has proposed to build a bridge in Barishal by spending higher funds for its land acquisition than the cost for...

Private sector credit growth rate falling, yet stays above policy target

Private sector credit growth rate falling, yet stays above policy target

JUBAIR HASAN 2022-11-30 08:53:36

Private-sector credit growth fell for the second consecutive month in October amid the central bank's measures to contain inflation and face foreign-currency shortage on the local money market, offici...

Bangladesh urges developed nations to double adaptation finance by 2025

Bangladesh urges developed nations to double adaptation finance by 2025

FE ONLINE REPORT 2022-11-29 20:04:05

Bangladesh urged the developed countries to double adaptation financing to developing countries by 2025. It also requested to establish a financing mechanism to avoid, reduce and address 'loss and...

BB okays MFS providers to bring remittance directly

BB okays MFS providers to bring remittance directly

-- 2022-11-29 18:39:12

Bangladesh Bank has allowed mobile financial service (MFS) providers to bring inward remittance, in order to increase remittance inflow. The foreign exchange policy department of Bangladesh Bank issu...