The Financial Express

Search results for: economy

CBP holds Pre-Budget Virtual Dialogue 2020

-- 2020-05-21 18:24:40

The Centre on Budget and Policy (CBP), University of Dhaka, recently held a virtual dialogue, titled ‘Pre-Budget Virtual Dialogue 2020’ on the upcoming budget amid the COVID-19 crisis. D...

Many RMG units remain shut for lack of work orders

FE ONLINE REPORT 2020-05-21 15:35:10

A significant number of garment factories remained closed for the last two months since March due to shortage of work orders followed by the ongoing coronavirus pandemic, industry insiders said. Many...

WB names Harvard professor Carmen Reinhart as chief economist

-- 2020-05-21 11:33:05

Harvard University professor Carmen Reinhart has been appointed as the new vice president and chief economist of World Bank (WB), the WB Group President David Malpass said on Wednesday. "I am very pl...

Inter-bank call rate stable before Eid amid BB's support

Siddique Islam 2020-05-21 10:45:43

The inter-bank call money rate remained almost stable on Wednesday, the last working day before the Eid vacation, despite higher cash withdrawal from banks, bankers said. The weighted average rate (W...

Govt focuses on incentive plan to attract relocating businesses

-- 2020-05-21 10:42:59

The government has decided to devise a strategic plan on incentives and other benefits to be offered to prospective foreign investors who will relocate their businesses to Bangladesh in the post-Covid...

Virus throws 22.9pc into poverty: Survey

FE Report 2020-05-21 10:04:32

The COVID-19 pandemic has pushed 22.9 per cent people of the country below poverty line apart from officially- recognised 20.5 per cent existing poor, according to a rapid survey report. The report s...

‘It is not possible to shut down tobacco industry in a hurry’

-- 2020-05-20 23:40:08

The Ministry of Industries has said it is not possible to shut down tobacco industry in a hurry without creating awareness. The statement was made in a press release issued on Wednesday by industries...

AIIB approves $250m for BD to fight against COVID-19

-- 2020-05-20 22:49:40

The Asian Infrastructure Investment Bank (AIIB) has approved $250 million for extending cooperation to Bangladesh government’s utmost efforts for combating Covid-19. “AIIB Board of Direct...

Qatar Airways and American Airlines partnership begins with domestic U.S. Codeshare ‎

FE Online Desk 2020-05-20 19:17:42

Qatar Airways announced that the first stage of the strategic partnership with American Airlines has begun with Qatar Airways placing its code on American Airlines’ domestic flights, strengtheni...

China likely not to set numerical GDP growth target: GT poll

Global Times 2020-05-20 16:26:01

One of the most closely watched aspects of China's two sessions each year is the release of the official target for GDP growth, a reliable indicator of where the world's second-largest economy is head...

RBI may need to aggressively cut rates alongside fiscal stimulus

-- 2020-05-20 16:15:48

The Indian government’s frugal economic stimulus package has put pressure on the Reserve Bank of India (RBI) to intervene, as analysts and economists say measures announced so far are unlikely t...

ADP spending hits four-year low

FE Report 2020-05-20 09:41:18

The Annual Development Programme (ADP) spending hit four-year low in the first 10 months of the current fiscal year (FY) 2019-20 due to the impact of the coronavirus on the development work, officia...

Relief on the way for Covid-hit taxpayers

Doulot Akter Mala 2020-05-20 09:19:38

The government is likely to offer a set of tax incentives for both individual and corporate taxpayers, including black money whitening opportunity, in the budget for upcoming fiscal year (FY), 2020-21...

More than 0.6m irregular BD workers risk deportation

Arafat Ara 2020-05-20 09:17:31

Thousands of Bangladeshi workers staying abroad without proper documents risk being deported, due in part to coronavirus pandemic in countries that host them, according to insiders in the manpower e...

NRB Bank distributes food support to under-privileged people of Gopalgonj

FE Online Desk 2020-05-19 21:57:17

As part of Corporate Social Responsibility, NRB Bank Limited has undertaken Essential Food Support Initiative to help families in dire need for food and welfare support under a nationwide shutdo...

Business organisations, policy think-tank chart out pvt sector dynamism

FE Online Desk 2020-05-19 19:36:48

Four leading business organizations and a private sector economic policy think tank on Tuesday floated ‘Resurgent Bangladesh’, an initiative to help Bangladesh chart out and execute the re...

Coronavirus crushes Asia’s garment industry

REUTERS 2020-05-19 17:59:00

Zarchi Lwin pawned her only two gold bangles for $140 when the owner of the Myanmar factory where she sewed winter coats for British retailer Next Plc shut it down after orders dried up due to the cor...

NEC approves Tk 2.05t ADP for FY21

-- 2020-05-19 16:57:42

The National Economic Council (NEC) on Tuesday approved the Annual Development Programme (ADP) involving Tk 2.05 trillion for the fiscal year 2020-21 (FY21) with focus on transport, education, health...

MTB, MRDI extend support to corona-affected offshore villagers

FE Online Desk 2020-05-19 15:58:36

Corporate sector has been contributing significantly in social development including reducing poverty, fighting disaster and adverse situation. Besides government initiatives, precise use of the CSR f...

PC to place Tk 2.05tn ADP for next FY today

FE REPORT 2020-05-19 09:46:12

The Planning Commission (PC) is set to place a Tk 2.05 trillion worth of Annual Development Programme (ADP) before the National Economic Council (NEC) today (Tuesday) for getting approval, officials s...

Implementation of stimulus package for industries: 14 banks sign deal with BB

FE REPORT 2020-05-19 09:39:24

Fourteen banks on Monday signed separate agreements with the Bangladesh Bank to disburse Tk 150 billion in loans as part of refinancing facilities to support implementation of the stimulus package f...

BD economy to experience slowdown in next 1.5 yrs: Moody's

SIDDIQUE ISLAM 2020-05-19 09:33:03

Global ratings agency Moody's has predicted the economic activity in Bangladesh will decelerate sharply over the next 18 months in the aftermath of COVID-19 outbreak. "…. domestic activity res...

FDI drops by 20pc last year

FE Online Report 2020-05-18 21:46:09

Net inflow of foreign direct investment (FDI) in Bangladesh dropped by 20.45 per cent in the last calendar year (2019), according to the latest estimate of the central bank. The estimate, although pr...

COVID-19 threatens to derail retail boom for Indian lenders

Reuters 2020-05-18 11:40:46

Indian lenders are facing a jump in defaults on credit card dues, personal and vehicle loans due to the coronavirus, forcing them to set aside hundreds of millions of dollars and take steps like askin...

Garment exporters get fresh facility

SIDDIQUE ISLAM 2020-05-18 11:31:47

The central bank has enhanced the loan ceiling for the members of textiles and clothing exporters under its export development fund or EDF scheme to help boost proceeds from overseas sales, officials...

Japan slips into recession as pandemic wreaks havoc

-- 2020-05-18 10:27:20

Japan’s economy slipped into recession for the first time in 4-1/2 years, putting the nation on course for its deepest postwar slump as the coronavirus crisis ravages businesses and consumers....

JS body for gearing up economic diplomacy

FE REPORT 2020-05-18 10:24:29

The parliamentary standing committee on the foreign affairs ministry on Sunday recommended gearing up economic diplomacy to address the post-Covid economic challenges. This was the first meeting of a...

May VAT receipts slump on Covid-19

DOULOT AKTER MALA 2020-05-18 09:26:12

The collection of valued added tax or VAT against returns slipped by over 38 per cent in May, although the number of filing rose by 11,000 month on month. Despite lockdown, the return submission has...

Govt cash gift for Corona-affected family disbursed through Rupali Bank SureCash [

FE Online Desk 2020-05-18 00:44:09

The government is providing direct cash assistance to 5.0 million Corona-affected families. Recently Prime Minister Sheikh Hasina announced this Eid gift of BDT 2,500 per family via mobile banking to...

BIBM holds workshop on economic, monetary implications of COVID-19

-- 2020-05-16 23:38:54

A half-day online workshop on preparedness of banks to mitigate effects of COVID-19 on economic, monetary and financial sector was held on Saturday at the Bangladesh Institute of Bank Management (BIBM...