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Search results for: economy

BB issues stimulus guideline for cottage, MSMEs

BB issues stimulus guideline for cottage, MSMEs

-- 2020-04-14 18:13:43

Bangladesh Bank (BB) has issued a guideline for the stimulus package of Tk 200.00 billion announced by the government for the cottage, micro, small and medium enterprises to boost production and to ov...

China’s foreign trade fell 6.4pc in Q1 amid COVID-19 pandemic

China’s foreign trade fell 6.4pc in Q1 amid COVID-19 pandemic

Global Times 2020-04-14 17:37:30

China's foreign trade dipped 6.4 per cent year-on-year to 6.57 trillion yuan ($933 billion) in the first quarter (Q1), as the country faces increased pressure from the worldwide COVID-19 spread which...

China's 2020 GDP growth set to sink to 44-year low: Poll

China's 2020 GDP growth set to sink to 44-year low: Poll

REUTERS 2020-04-14 15:55:39

China’s economic growth is set to stumble to its slowest annual pace in nearly half a century, as the coronavirus health crisis shutters businesses and brings the global economy to a standstill,...

IMF cancels debt payments for 6 months for 25 nations

IMF cancels debt payments for 6 months for 25 nations

-- 2020-04-14 11:08:39

The International Monetary Fund on Monday approved $500 million to cancel six months of debt payments for 25 of the world's most impoverished countries so that they can help tackle the COVID-19 pandem...

BD asks missions abroad to explore new chances

BD asks missions abroad to explore new chances

REZAUL KARIM 2020-04-14 09:20:26

The government has exhorted its missions abroad to explore new business opportunities in the wake of the COVID-19 pandemic, officials said. The missions may seek such prospects and give necessary rec...

Economists stress devising proper strategies, effective economic diplomacy

Economists stress devising proper strategies, effective economic diplomacy

-- 2020-04-13 22:14:16

As Bangladesh will see a sharp decline in export earnings following the suspension of all trade activities across the globe amid the coronavirus onslaught, economists have underscored need for devisin...

India, Pakistan plan to restart some economic activity

India, Pakistan plan to restart some economic activity

-- 2020-04-13 17:35:12

India and Pakistan are planning to partially open up some parts of the economy, officials in the two countries said on Monday, as the costs of harsh lockdowns to limit the outbreak of the coronavirus...

BB cuts interest rate on farm loans to 4pc under stimulus

BB cuts interest rate on farm loans to 4pc under stimulus

-- 2020-04-13 16:40:12

The lending rate for credit under the Tk 50.0 billion stimulus package for farmers has been revised down to 4 per cent from 5 per cent. Banks participating in the scheme will receive a refinancing be...

Coronavirus frees Fed from 'moral hazard'

Coronavirus frees Fed from 'moral hazard'

REUTERS 2020-04-13 13:36:01

As the US Federal Reserve rolls out trillions of dollars to blunt the economic fallout of the coronavirus pandemic, there’s a notable difference to the last financial crisis: close to zero conce...

WB makes grim economic forecast; Kamal disagrees

WB makes grim economic forecast; Kamal disagrees

 FE REPORT 2020-04-13 09:10:13

Bangladesh's economic growth will be between 2.0 and 3.0 per cent in the current fiscal in the aftermath of coronavirus pandemic, the World Bank has forecast. The WB has made the forecast on Banglade...

Mar-May RMG exports might fall by $5.0b

Mar-May RMG exports might fall by $5.0b

Monira Munni 2020-04-13 08:50:52

Apparel makers say export income from the country's readymade garment might decline by around US$5.0 billion between March and May due to the impact of pandemic. They feel that the $38.20 billion-exp...

SANEM suggests steps to make agriculture stimulus effective

SANEM suggests steps to make agriculture stimulus effective

FE Online Report 2020-04-12 21:28:03

Welcoming the government's announcement of Tk 50 billion stimulus package for agriculture sector, Dr Selim Raihan, executive director of SANEM suggested some steps to make the disbursement of the pack...

BB raises lending ceiling

BB raises lending ceiling

-- 2020-04-12 20:18:57

Bangladesh Bank has raised advance to deposit ratio (ADR) by 2.0 percentage points, enabling banks to lend more during the coronavirus lockdown. ADR, which measures loans as the percentage of deposit...

Global PC shipments fall in first quarter

Global PC shipments fall in first quarter

-- 2020-04-12 16:04:26

Global shipments of personal computers (PCs) fell in the first quarter (Q1) despite soaring demand driven by remote working and learning requirements from strict lockdown measures around the world, ac...

World Bank forecasts worst economic slump in BD in 40 years

World Bank forecasts worst economic slump in BD in 40 years

-- 2020-04-12 12:15:58

Bangladesh and other South Asian nations are likely to record their worst growth performance in four decades this year due to the coronavirus pandemic, the World Bank said on Sunday. The South Asian...

World Bank sees worst economic slump in South Asia in 40 years

World Bank sees worst economic slump in South Asia in 40 years

Reuters 2020-04-12 10:51:00

India and other South Asian countries are likely to record their worst growth performance in four decades this year due to the coronavirus outbreak, the World Bank said on Sunday. The South Asian reg...

Shutdown lands cos in trouble

Shutdown lands cos in trouble

DoulotAkter Mala 2020-04-12 08:40:21

Businesses are facing difficulties in submitting VAT returns due to country-wide shutdown induced by COVID-19 outbreak. The deadline for return is April 15, 2020. Staffers of many business houses...

‘20m people in informal sector need emergency fund’

‘20m people in informal sector need emergency fund’

-- 2020-04-11 21:16:32

Informal Sector Industry Skills Council (ISISC) has demanded an emergency fund for around 20 million people involved in informal sector in the wake of coronavirus outbreak. The council also urged the...

Cargo handling increases in Chattogram port

Cargo handling increases in Chattogram port

-- 2020-04-11 19:37:37

Cargo handling activities have increased in Chattogram port as import of essential commodities targeting the upcoming Ramadan has increased to a great extent in the port. The activities have increase...

Bourses to remain shut until April 25 as holiday extended

Bourses to remain shut until April 25 as holiday extended

FE Online Report 2020-04-11 17:57:53

The country’s two bourses will remain closed until April 25 as the government further extended the ongoing holiday to contain the spread of deadly coronavirus.   The government has furt...

Tunisia economy expected to contract by 4.3pc in 2020

Tunisia economy expected to contract by 4.3pc in 2020

-- 2020-04-11 11:00:53

Tunisia’s economy is expected to contract by 4.3 per cent in 2020 amid the coronavirus crisis, the deepest contraction since its independence in 1956, the International Monetary Fund (IMF) sai...

Tourism sector reels from virus outbreak

Tourism sector reels from virus outbreak

Kamrun Nahar 2020-04-11 08:48:40

The domestic tourism industry, hardest hit by coronavirus, has downsized its manpower by 5,085 in the past three months since January, according to a survey. In its report styled 'Impacts on Banglade...

Pandemic impact: Govt seeks $500m budget aid from WB

Pandemic impact: Govt seeks $500m budget aid from WB

FHM Humayan Kabir 2020-04-11 08:10:25

The government has sought US$500 million budgetary support from the World Bank to help finance the annual public expenditure, officials said on Friday. The Economic Relations Division, or ERD, has re...

China to take global lead in economic recovery: analysts

China to take global lead in economic recovery: analysts

Global Times 2020-04-10 19:58:33

Even after the city lockdown was lifted, Liu Qi, a taxi driver in Wuhan, Central China's Hubei Province, said he only had half the number of fares compared with before the coronavirus pandemic, as res...

Mastercard advocates sufficiently high contactless payments limits

Mastercard advocates sufficiently high contactless payments limits

FE Online Desk 2020-04-10 19:37:39

Mastercard’s unwavering commitment to making transactions more convenient, safe and seamless through tap-and-go card payments has taken on new urgency and importance as the spread of COVID-19 hi...

'BD seeks $700m from IMF'

'BD seeks $700m from IMF'

-- 2020-04-10 19:06:21

Bangladesh is seeking $700 million in financial assistance from the International Monetary Fund to mitigate the economic impact of the coronavirus crisis, Tokyo-based Nikkei Asian Review reports. "We...

Banks to close down branches in locked down areas

Banks to close down branches in locked down areas

-- 2020-04-10 17:50:46

The Bangladesh Bank has instructed all banks to shut down their branches in the areas put under lockdown by the government or local administration to prevent the spread of coronavirus. The central ba...

US weekly jobless claims hit 6.6 million

US weekly jobless claims hit 6.6 million

-- 2020-04-10 11:15:15

The number of Americans seeking unemployment benefits has surged for a third week as the economic toll tied to the coronavirus (COVID-19) pandemic intensifies. More than 6.6 million people filed j...

Pandemic will unleash worst recession since Great Depression: IMF chief

Pandemic will unleash worst recession since Great Depression: IMF chief

-- 2020-04-09 22:06:47

The pandemic sweeping the world will turn global economic growth "sharply negative" in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, t...

BB cuts CRR,  repo rate to enable banks to implement Tk 727.5b stimulus

BB cuts CRR, repo rate to enable banks to implement Tk 727.5b stimulus

-- 2020-04-09 19:20:19

Bangladesh Bank (BB) has re-fixed the Cash Reserve Ratio (CRR) at 4.0 per cent on bi-weekly average basis with a provision of minimum 3.5 per cent on a daily basis effective from April 15, 2020. ...