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Search results for: economy

Revenue collection to face severe blow, NBR official warns

Revenue collection to face severe blow, NBR official warns

-- 2020-04-09 14:19:49

The revenue collection in Bangladesh will face a severe blow due to slowdown in economic activities in the country and elsewhere in the world following the coronavirus outbreak. "Yes, there’ll...

After pandemic, Fed policymakers see slow US recovery

After pandemic, Fed policymakers see slow US recovery

REUTERS 2020-04-09 10:23:00

The US economy is set for a deep slide in coming months with the coronavirus forcing businesses to shut and putting millions out of work, but Federal Reserve policymakers are also warning of a sluggin...

Business leaders for task force to oversee measures

Business leaders for task force to oversee measures

FE REPORT 2020-04-09 10:04:06

The country's business leaders underscored the need for forming a task force to implement different measures the government had taken to overcome the losses caused by COVID-19 outbreak. They said the...

WB tells govt to divert funds from less-important projects

WB tells govt to divert funds from less-important projects

FHM HUMAYAN KABIR 2020-04-09 09:21:02

The World Bank (WB) has advised Bangladesh to divert unutilised funds from the ongoing less-important development projects to help strengthen its fight against coronavirus, officials said on Wednesday...

Worst-ever economic depression likely

Worst-ever economic depression likely

Rezaul Karim 2020-04-09 08:39:40

The country's economic sectors might face a worst-ever recession in the wake of the coronavirus pandemic, according to a position paper of commerce ministry. The paper was presented at a high-level...

Global trade may fall by even 32.0pc due to pandemic: WTO

Global trade may fall by even 32.0pc due to pandemic: WTO

FE Online Report 2020-04-08 20:31:55

Global trade may fall by between 13.0 per cent and 32.0 per cent in 2020 as the COVID-19 pandemic disrupts normal economic activity and life around the world, projects the World Trade Organization (WT...

Hotel workers passing difficult time without jobs

Hotel workers passing difficult time without jobs

-- 2020-04-08 19:52:56

Thousands of workers of different hotels, restaurants and sweetmeat shops are going through a tough time without jobs as most eateries have been closed down amid a government-announced general holiday...

Pandemic to wipe out 6.7pc of working hours globally in Q2

Pandemic to wipe out 6.7pc of working hours globally in Q2

FE Online Report 2020-04-08 16:57:05

The coronavirus (COVID-19) pandemic is likely to wipe out 6.7 per cent of working hours globally in the second quarter of 2020 - equivalent to 195 million full-time workers, according to the Internati...

IFIC Bank donates Tk 50m to PM Fund

IFIC Bank donates Tk 50m to PM Fund

FE Online Desk 2020-04-08 16:49:50

IFIC Bank Limited has donated Taka 50 million to Prime Minister’s Relief and Welfare Fund to help fight the outbreak of Coronavirus or COVID-19.   The Bank handed over the cheque to the P...

ESCAP’s pre-COVID projection sees 7.8pc economic growth in BD

ESCAP’s pre-COVID projection sees 7.8pc economic growth in BD

FE Online Report 2020-04-08 16:46:15

The economy of Bangladesh may grow by 7.80 per cent in the current fiscal year (FY210), according to a projection of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)....

China still needs to hold onto US Treasuries

China still needs to hold onto US Treasuries

Global Times 2020-04-08 16:20:49

There has been no short of calls for sell-off of US Treasuries in China over the past decade, but such a decision should by no means be a political one.The foremost reason why China cannot consider se...

Tourism sector may face Tk 60.00b loss this year

Tourism sector may face Tk 60.00b loss this year

-- 2020-04-07 17:34:14

Tourism sector of Bangladesh might face a loss of Tk 60.00 billion from January to December this year due to coronavirus outbreak as the sector has been affected most by the pandemic. The Tour Operat...

‘Open MFS accounts for industry workers by April 20’

‘Open MFS accounts for industry workers by April 20’

-- 2020-04-07 17:04:58

Bangladesh Bank (BB) has issued an instruction on opening mobile financial service (MFS) accounts for all workers and employees of export-oriented industries and factories by April 20.  “T...

BB increases Export Development Fund to $5.0b

BB increases Export Development Fund to $5.0b

-- 2020-04-07 16:22:58

Bangladesh Bank has raised the Export Development Fund (EDF) to $5.0 billion in line with the government's efforts to limit the economic impacts of the coronavirus crisis. Exporters will now be able...

SANEM welcomes govt’s financial package to address coronavirus crisis

SANEM welcomes govt’s financial package to address coronavirus crisis

FE ONLINE DESK 2020-04-07 16:08:07

South Asian Network on Economic Modeling (SANEM) has welcomed the government's financial package to address the crisis caused by the coronavirus. “As we have suggested for the two-year economy...

Italy announces €400b stimulus plan

Italy announces €400b stimulus plan

-- 2020-04-07 11:40:06

Italy’s government has approved new emergency decree that will offer more than 400 billion euros (352 billion pounds) worth of liquidity and bank loans to companies hit by the coronavirus cris...

Unbanked firms stand to miss out

Unbanked firms stand to miss out

FHM Humayan Kabir 2020-04-07 08:09:52

Often bypassed by banks, the informal sector is unlikely to get much benefit from the government's Tk 727.50 billion stimulus package, fear economists. They hailed the Prime Minister for unveiling...

Vivo extends warranty of its smartphones till May 31

Vivo extends warranty of its smartphones till May 31

FE Online Desk 2020-04-06 21:30:32

Vivo announced that it will be extending the warranty of its smartphones till May 31. This extension applies to whose warranty was expired on March 25. In the wake of the current Coronavirus outbreak...

StanChart announces global measures to fight Covid-19

StanChart announces global measures to fight Covid-19

FE Online Desk 2020-04-06 18:48:47

  Standard Chartered (the Group) has recently announced a set of global measures to serve the present and long-term needs of its clients, communities and employees in the face of the COVID-19 pa...

State-owned banks donate Tk  50m to PM Fund

State-owned banks donate Tk 50m to PM Fund

FE Online Desk 2020-04-06 17:34:38

State-owned Sonali Bank Limited, Janata Bank Limited, Agrani Bank and Rupali Bank Limited jointly donated Taka 50 million to the Prime Minister's Relief and Welfare fund to help fight deadly coronavir...

CPD projects Tk 1.0tn revenue shortfall

CPD projects Tk 1.0tn revenue shortfall

FE REPORT 2020-04-06 09:43:46

The Centre for Policy Dialogue (CPD) predicts a Tk 1.0-trillion revenue collection shortfall this fiscal considering the impact of COVID-19 on the economy. It also apprehends adverse implications for...

Kamal sees 8.0pc GDP growth unless outbreak lingers

Kamal sees 8.0pc GDP growth unless outbreak lingers

FE Report 2020-04-06 09:30:11

Finance Minister A H M Mustafa Kamal has said COVID-19 outbreak is slowing down economic activities, but the country will see nearly 8.0 per cent gross domestic product (GDP) growth in the current fis...

Financing recovery plan: Economists say banks' liquidity poses challenge

Financing recovery plan: Economists say banks' liquidity poses challenge

JASIM UDDIN HAROON 2020-04-06 08:25:48

Banks' liquidity shortage will make it exceedingly challenging for the government to bankroll the stimulus package of Tk 727.50 billion, economists say. In a televised news conference, Prime Minister...

Factories in all EPZs to remain shut until Apr 14

Factories in all EPZs to remain shut until Apr 14

-- 2020-04-05 22:37:21

All factories in the country’s eight export processing zones (EPZs) under Bangladesh Export Processing Zones Authority (BEPZA) will remain shut until April 14 from Monday to prevent the spread o...

Localisation of SDGs to counteract Covid-19 fallout

Localisation of SDGs to counteract Covid-19 fallout

Shamsul Alam   2020-04-05 21:19:11

It is not possible to achieve sustainable development goals (SDGs) solely at the call of the governments or world leaders at the United Natios (UN), even with only national-level programmes. These m...

Economists outline some challenges of stimulus package

Economists outline some challenges of stimulus package

Jasim Uddin Haroon 2020-04-05 19:41:19

Leading economists of the country have identified several challenges in implementing the stimulus packages of Tk 727.50 billion, announced by the Prime Minister. Prime Minister Sheikh Hasina announc...

PM’s stimulus package to save economy, livelihood: FBCCI

PM’s stimulus package to save economy, livelihood: FBCCI

FE Online Desk 2020-04-05 18:29:47

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Sunday welcomed the stimulus package of Tk 72,750 crore, declared by Prime Minister Sheikh Hasina to help mitigate the impact...

BSCIC industry owners seek special consideration

BSCIC industry owners seek special consideration

FE Online Desk 2020-04-05 18:21:01

BSCIC Industry Owners’ Association has sought special package to save the sector from the wrath of the present economic woes, created due to Covid-19 pandemic. "At present, 76 BSCIC industria...

Exim Bank donates Tk 50m to PM Fund

Exim Bank donates Tk 50m to PM Fund

FE Online Desk 2020-04-05 18:02:33

EXIM Bank donated Tk 50 million to the Prime Minister’s Relief and Welfare Fund for providing Personal Protective Equipments (PPE)/Testing Kits/Respiratory Equipments and helping the needy and p...

Al-Arafah donates Tk 50m to PM Fund

Al-Arafah donates Tk 50m to PM Fund

FE Online Desk 2020-04-05 17:57:43

Al-Arafah Islami Bank Limited has donated Tk 50 million to the Prime Minister’s Relief and Welfare Fund to help the government fight the spreading of corona virus. Bangladesh Association of Bank...