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Search results for: economy

UK inflation hits 40-year record, highest in G7

UK inflation hits 40-year record, highest in G7

-- 2022-06-22 13:44:18

Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1 per cent last month, the highest rate out of the Group of Seven countries and underlining the severity of the cost-...

Drive for budget deficit financing gets going

Drive for budget deficit financing gets going

FE ONLINE DESK 2022-06-22 10:28:45

An aggressive drive gets going for Bangladesh's budget-deficit financing as government officials are set to sit with the World Bank tomorrow (Thursday) for fund negotiations to begin with. Finance se...

Progress made in IMF-Pakistan talks on bailout programme

Progress made in IMF-Pakistan talks on bailout programme

-- 2022-06-22 10:22:36

Important progress has been made in talks between the International Monetary Fund and Pakistan to revive the country's bailout programme, the lender's resident representative in Islamabad said on Wedn...

Make tax certificate mandatory: FBCCI

Make tax certificate mandatory: FBCCI

FE REPORT 2022-06-22 09:08:15

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) leaders demanded enhancing the tax-free income limit at individual level, withdrawing the newly-imposed taxes on laptop and eleva...

Central bank hopeful of achieving agriculture credit disbursement target

Central bank hopeful of achieving agriculture credit disbursement target

-- 2022-06-21 23:17:46

Different scheduled banks have disbursed agriculture credit of Tk 259.67 billion in the July-May period of the fiscal year 2021-22 against the disbursement target of Tk 283.91 billion. The Bangladesh...

Germany may face recession as Russian gas crisis deepens

Germany may face recession as Russian gas crisis deepens

-- 2022-06-21 19:18:03

Germany faces certain recession if already faltering Russian gas supplies completely stop, an industry body warned on Tuesday, as Italy said it would consider offering financial backing to help compan...

The country is now a role model in increasing inequality: Anu Muhammad

The country is now a role model in increasing inequality: Anu Muhammad

-- 2022-06-20 17:15:09

Bangladesh is now a role model of increasing inequality, said Anu Muhammad, a prominent economist and professor of economics at Jahangirnagar University. He made the remark at a seminar titled &lsquo...

Amnesty on undisclosed offshore assets should be for last time, says Mannan

Amnesty on undisclosed offshore assets should be for last time, says Mannan

FE REPORT 2022-06-20 09:07:59

Planning Minister MA Mannan on Sunday said the amnesty offered in the proposed budget for legalising offshore assets of Bangladeshi nationals should be for the last time and the rate of tax should be...

Fuel duty cut, trimming expenses suggested

Fuel duty cut, trimming expenses suggested

FE REPORT 2022-06-20 09:05:47

The government should go for a duty cut on fuel imports, adjusting public expenditure as per income, and increasing lending rate for ensuring macroeconomic stability in the next fiscal year, economist...

Budget for FY 2022-23: Inflation battle, addl subsidies remain key tasks

Budget for FY 2022-23: Inflation battle, addl subsidies remain key tasks

FE REPORT 2022-06-20 08:44:28

Speakers at a post-budget discussion in the city on Sunday highlighted a number of challenges in the upcoming fiscal year, including inflationary pressure and giving additional subsidies to meet the b...

Inflation hits eight-year high

Inflation hits eight-year high

-- 2022-06-19 22:02:17

The Bangladesh Bureau of Statistics has reported a rise in general and food inflation in May. The BBS said general and food inflation rates were 7.42 per cent and 8.3 per cent respectively, the highe...

‘Allocate 2pc of GDP in budget for climate financing’   

‘Allocate 2pc of GDP in budget for climate financing’  

FE ONLINE REPORT   2022-06-19 18:38:33

Allocate 2.0 per cent of the GDP in the proposed national budget for the 2022-23 fiscal year (FY23) for climate financing in order to ensure a sustainable economy in the country, speakers demanded. E...

Women's stake in paid jobs very poor: Survey

Women's stake in paid jobs very poor: Survey

FHM HUMAYAN KABIR 2022-06-19 08:53:41

Bangladesh's gender balance in employment is still in a bad shape as women spend only 1.2 hours a day for employment and related works while 5.9 hours for unpaid domestic and care works, a government...

Sri Lanka asks government employees to work from home

Sri Lanka asks government employees to work from home

-- 2022-06-18 14:09:17

Sri Lanka's government on Friday ordered public sector employees to work from home for two weeks due to severe fuel shortages as the island nation grapples with its worst financial turmoil in seven de...

WB set to prepare strategy paper for BD to address key challenges

WB set to prepare strategy paper for BD to address key challenges

FHM HUMAYAN KABIR 2022-06-18 08:49:02

As Bangladesh marches toward upper-middle-income country (UMIC) status, the World Bank gets down to preparing a five-year Country Partnership Framework (CPF) to facilitate its development, officials s...

BD public finances may get weaker

BD public finances may get weaker

JASIM UDDIN HAROON 2022-06-18 08:41:50

Bangladesh's latest budget indicates that public finances in the next fiscal year will remain weaker than in the past, even as the country's economic recovery gathers pace, says Fitch Ratings. Doing...

Bangladesh likely to enjoy the TRIPs waiver facility

Bangladesh likely to enjoy the TRIPs waiver facility

-- 2022-06-17 19:36:05

Bangladesh is likely to enjoy the benefit of the waiver of Trade-Related Aspects of Intellectual Property Rights (TRIPs) in patent rights in genetic medicine for a certain period as the World Trade...

WTO adopts Geneva package, disappoints LDCs

WTO adopts Geneva package, disappoints LDCs

DOULOT AKTER MALA, from GENEVA 2022-06-17 16:06:49

Though the member countries of the World Trade Organization (WTO) finally reached a deal in Geneva concluding the 12th Ministerial Conference (MC12) on Friday, it appears as a largely disappointing ou...

Yen falls as Bank of Japan bucks rate rise trend

Yen falls as Bank of Japan bucks rate rise trend

-- 2022-06-17 13:06:34

The yen has fallen sharply after Japan's central bank kept its ultra-low interest rates on hold as policy makers around the world hike the cost of borrowing to tackle rising prices. The Bank...

India's economic prospects firm despite global headwinds, says RBI

India's economic prospects firm despite global headwinds, says RBI

-- 2022-06-17 10:36:48

India's domestic macroeconomic conditions have improved further despite the downside risks posed to global growth from commodity-driven inflation, its central bank said on Thursday, reports Reuters....

Bangladesh-tied money in Swiss banks swells 54pc

Bangladesh-tied money in Swiss banks swells 54pc

ASJADUL KIBRIA 2022-06-17 08:30:07

Funds parked by Bangladeshi nationals and entities in all the Swiss banks swelled by 54 per cent to around CHF (Swiss Franc) 871 million (Tk 83.18 billion) in the last calendar year, according to av...

CPD for fiscal policy to protect low earners

CPD for fiscal policy to protect low earners

-- 2022-06-16 19:40:12

Speakers at a dialogue of the Centre for Policy Dialogue (CPD) have laid emphasis on using appropriate fiscal policy to protect low and limited earners in the country.  They observed that the go...

PM seeks Japanese support to become developed nation by 2041

PM seeks Japanese support to become developed nation by 2041

-- 2022-06-16 19:25:28

Prime Minister Sheikh Hasina has sought Japanese support to fulfil Bangladesh's vision to become a developed nation by 2041.  The prime minister on Thursday said, "Japan-Bangladesh-Comprehensive...

Bangladesh to get $143m ADB loan to improve trade facilitation

Bangladesh to get $143m ADB loan to improve trade facilitation

-- 2022-06-16 17:54:32

The Asian Development Bank (ADB) and the government of Bangladesh have signed agreements for a $143 million policy-based loan to improve the volume, efficiency, predictability and security of cross-bo...

Global remittances flows expected to reach $5.4t by 2030: IFAD

Global remittances flows expected to reach $5.4t by 2030: IFAD

-- 2022-06-16 16:40:51

Global remittances, the hard-earned money sent by migrant workers to their family members in low- and middle-income countries (LMICs), grew by 8.6 per cent in 2021, says the International Fund for Agr...

India looks to rains, not just rates, to cool hot inflation

India looks to rains, not just rates, to cool hot inflation

-- 2022-06-16 12:00:10

As India faces a crippling surge in food and fuel prices, its policymakers will be counting mostly on this year's monsoon rains, not just interest rate hikes, to take inflationary pressure off the cou...

Fed rolls out biggest rate hike since 1994, flags slowing economy

Fed rolls out biggest rate hike since 1994, flags slowing economy

-- 2022-06-16 09:00:08

The Federal Reserve on Wednesday approved its largest interest rate increase in more than a quarter of a century to stem a surge in inflation that US central bank officials acknowledged may be eroding...

Almost all owners of flats, lands in Dhaka are black money holders: Finance minister

Almost all owners of flats, lands in Dhaka are black money holders: Finance minister

-- 2022-06-15 20:06:22

Almost all owners of flats or lands in Dhaka city are black money holders as they can register their properties showing much lower rates due to an improper system, according to Finance Minister AHM Mu...

Execution of mega projects won’t affect economy, says PM

Execution of mega projects won’t affect economy, says PM

-- 2022-06-15 19:16:10

Prime Minister Sheikh Hasina on Wednesday said the economy and foreign exchange reserves of the country will not face any adverse impact due to the implementation of the mega projects. The prime mini...

BB to release new notes on June 29

BB to release new notes on June 29

-- 2022-06-15 18:37:31

Bangladesh Bank (BB) will start releasing new notes of taka in exchange of old notes from June 29   ahead of Eid-Ul-Azha. The exchange will continue till July 7.  People can collect bu...