Search results for: economy

Pakistani PM approves IMF agreement

-- 2023-02-09 22:04:40

Pakistan's Prime Minister Shahbaz Sharif has approved a deal with the International Monetary Fund (IMF) and all matters over the bailout programme are settled, local broadcaster Geo said on Thursday,...

Saudi businesses keen to invest in Bangladesh

-- 2023-02-09 21:00:24

The businesses of Saudi Arabia is very much interested to invest in Bangladesh as a high-profile delegation of the Kingdom, led by Minister of Commerce of Saudi Arabia Majed Bin Abdullah Alkassabi, wo...

Japan wants to invest another fertiliser factory in Bangladesh

-- 2023-02-09 18:44:10

The Japan Bank for International Cooperation (JBIC) has expressed interest in setting up another fertiliser factory like Ghorashal Fertilizer Factory in Ashuganj, Bangladesh. The JBIC has also shown...

Pakistan finmin says expect IMF matters to be settled Thursday

-- 2023-02-09 18:11:37

Pakistan's finance minister was quoted on Thursday as saying he expects talks with a visiting International Monetary Fund mission to be settled today (Thursday). "It is expected matters will be settl...

PM seeks robust Japanese investment in Bangladesh

-- 2023-02-09 16:56:48

Prime Minister Sheikh Hasina has called upon Japanese investors to come up with robust investment in Bangladesh's various sectors as Japan Bank for International Cooperation (JBIC) Governor Nobumitsu...

Enough scope for deliberate defaulters to reschedule loans

FE REPORT 2023-02-09 11:14:35

Many deliberate defaulters have got scope to reschedule their loans again and again with undue grace from banks, causing a setback to the financial sector, said a former governor of the country's cent...

Government opts for higher emergency borrowing

JASIM UDDIN HAROON and JUBAIR HASAN 2023-02-09 10:36:49

Under a contingency measure, the government opts for higher emergency borrowing with two debt instruments that can yield Tk 160 billing daily in need. To this effect, the government is set to raise t...

Sri Lanka hints at returning to growth

-- 2023-02-08 17:14:52

Sri Lanka's economy is expected to grow again from the end of this year and the government hopes the country will emerge from an economic crisis by 2026, the president said on Wednesday, as hundreds p...

Govt searching funds for Dhaka-Ctg 8-lane project

MUNIMA SULTANA 2023-02-08 09:08:15

The government is trying to get funds from development partners to upgrade the Dhaka-Chattogram highway into an eight-lane one, including service lanes. The Roads and Highways Department (RHD) has es...

‘Investment must to sustain growth’

FE ONLINE REPORT 2023-02-07 21:00:25

Speakers at a programme on Tuesday stressed the need for more investment in the country to sustain the growth momentum. The Canada Bangladesh Chamber of Commerce and Industry (CBCCI) organised the pr...

JBCCI for EPA between Bangladesh, Japan to boost trade

-- 2023-02-07 19:55:52

Japan-Bangladesh Chamber of Commerce and Industry (JBCCI) laid emphasis on Economic Partnership Agreement (EPA) between Japan and Bangladesh to increase trade and investment between the two countries....

NBR collects Tk 400 billion more revenue in FY22

-- 2023-02-07 19:19:06

Finance Minister AHM Mustafa Kamal has said the National Board of Revenue (NBR) has earned Tk 400 billion more in the 2021-22 fiscal year compared to the previous fiscal. “The NBR has earned ov...

53 World Bank-funded projects underway, says Kamal

FE Online Desk 2023-02-07 18:22:04

Finance Minister AHM Mustafa Kamal has said the country is currently implementing some 53 projects involving $15 billion with World Bank finance. The finance minister said this in parliament while re...

Money laundering: Minister rebukes actors, calls for urgent actions

FE REPORT 2023-02-07 09:06:44

A cabinet minister of the government came down heavily on Monday on the relentless act of money laundering and called for strict actions to prevent it for the sake of the country's economy. "A larg...

Mudarabah comes to feed cash-strapped Islamic banks

FE REPORT 2023-02-07 09:05:13

A new financial instrument styled Mudarabah Liquidity Support (MLS) comes for feeding the cash-strapped Islamic banking system, in the wake of reports of recent hefty withdrawals. Bangladesh Bank (BB...

Revenue needs to increase by Tk 2.34t in three FYs

FE REPORT 2023-02-07 08:57:09

Increasing revenue collection by Tk2.34 trillion in next three fiscals is necessary to raise Bangladesh's tax-GDP ratio to 9.5 per cent as prescribed in the International Monetary Fund (IMF) loan pack...

Inflation rate maintains declining trend for fifth consecutive month

-- 2023-02-06 21:21:13

The inflation rate eased further as it fell to 8.57 per cent in January down from 8.71 per cent last December, according to the monthly consumer price (CPI) index of the Bangladesh Bureau of Statistic...

Taiwan exports seen contracting for fifth straight month in Jan

-- 2023-02-06 20:01:41

Taiwan's exports in January likely fell for the fifth month in a row amid fears of a global recession, uncertainties due to the war in Ukraine, and the Covid situation in China impacting tech demand,...

Call for separate tax administration, policy-making institution

-- 2023-02-06 19:44:37

Experts, at a seminar 'Income Tax', have observed that tax administration and policy-making institutions should be separated to strengthen the country's tax management system. At the seminar on Monda...

BB relaxes rule for storing CMSMEs’ audited financial report

-- 2023-02-06 19:20:23

Bangladesh Bank (BB) has revised the directive to maintain the audited financial reports of loan renewals and file of new loans in accordance with the rules in order to bring order and transparency in...

Experts focus on cutting inequality, raising literacy

FE Report 2023-02-06 09:44:20

Reducing inequality and enhancing literacy are essential to help people get the benefits of digital economy, said speakers at a programme on Sunday. Time-befitting changes in education system and bet...

External agents now dictating relative autonomy of the state

FE Report 2023-02-06 09:07:41

External agents like World Bank and International Monetary Fund (IMF) are now dictating the relative autonomy of the state as the government has failed to ensure the same, said Distinguished Fellow of...

Half of GDP remains exempt from VAT

FE REPORT 2023-02-06 09:01:38

Around half of Bangladesh's gross domestic product (GDP) remains out value-added tax (VAT) purview in the form of exemption, an analysis show, narrowing scope of revenue receipt. In a keynote present...

Mattress money swells in July-December period

JASIM UDDIN HAROON 2023-02-06 08:40:01

A big chunk of money has been tucked under mattresses or hoarded in private strongroom recently as many believe scam 'rumours', besides bites of inflation, are driving away depositors from the banking...

Malaysia wants to recruit security guards from Bangladesh

-- 2023-02-05 20:51:17

Malaysian Home Affairs Minister Saifuddin Nasution Ismail has expressed his keenness in recruiting security guards from Bangladesh. He came up with the interest when he held a meeting with Bangladesh...

GDP growth rate 7.10pc, per capita income $2,793 in FY22

-- 2023-02-05 20:23:16

The gross domestic product (GDP) growth rate in the country in the last fiscal year (FY22) reached a healthy 7.10 per cent braving the shocks from the Covid-19 pandemic and the Russia-Ukraine conflict...

Take prompt actions to face fast-changing labour markets, Economists tell SANEM conference

FE Report 2023-02-05 09:16:41

Despite Bangladesh's informal sector creating a significant portion of the employment, a very limited effort has been made to ensure the workers' health and safety. Besides, a lack of proper implemen...

‘Dhaka needs to join’ bilateral, regional pacts, South-South cooperation

FE REPORT 2023-02-05 08:38:49

Bangladesh should emphasize joining in bilateral and regional agreements and South-South cooperation amid ongoing realignments of the old global trade regime in the context of Russia-Ukraine war, two...

‘Reforms suggested by IMF as part of loan programme are rational’

-- 2023-02-04 20:53:36

State Minister for Planning Shamsul Alam thinks the IMF loans will positively impact Bangladesh’s economy. He also believes the reforms suggested by the IMF as part of the loan programme are &l...

Sri Lanka says it completes pre-requisites to unlock $2.9b IMF bailout

-- 2023-02-04 20:01:39

Sri Lanka is successfully completing pre-requisites to unlock a $2.9 billion bailout from the International Monetary Fund (IMF) and expects consent from the global lender without delay, President Rani...