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The Financial Express

Search results for: economy

ECNEC approves country’s first deep-sea port project

-- March 10, 2020 17:13:08

The Executive Committee of the National Economic Council (ECNEC) has approved the country’s first deep-sea port project to be built in Matarbari of Cox’s Bazar by 2026. The approval was g...

Confce on ‘VNR 2020 of Bangladesh: Positioning Non-State Actors’ on March 11

FE Online Desk March 10, 2020 13:44:02

Citizen’s Platform for SDGs, Bangladesh in association with 11 of its partner organisations is organising a day-long conference titled ‘VNR 2020 of Bangladesh: Positioning Non-State Actors...

Latest on the spread of coronavirus around the world

-- March 10, 2020 11:36:01

The number of people infected with the coronavirus topped 114,000 across the world as the outbreak spread to more countries, causing greater economic damage, reports Reuters. DEATHS/INFECTIONS - Mor...

BB buys US dollar from banks to keep forex market stable

SIDDIQUE ISLAM March 10, 2020 10:06:48

The central bank has resumed purchasing the US dollar from the commercial banks after around three years to help the country's foreign exchange (forex) market remain stable. As part of the move, the...

Nil return submission up

Doulot Akter Mala March 10, 2020 10:02:25

The number of zero return submission by both corporate and individual taxpayers has reached over 400,000 so far of the current fiscal year, in a sign taxpayers conceal the actual income. The submissi...

Coronavirus may pull down global FDI by 5.0 to 15.0pc: UNCTAD

FE Online Report March 09, 2020 16:01:25

The outbreak and spread of Coronavirus (Covid19) will negatively affect the global flows of foreign direct investment (FDI) in the current and next years. The rate of decline may be minimum 5.0 per...

Current account deficit narrows in seven months

SIDDIQUE ISLAM March 09, 2020 11:17:46

Deficit in the current account balance has declined significantly in the first seven months of the current fiscal year (FY), 2019-20, on the back of shrinking merchandise trade gap. Bangladesh's trad...

'BD's economic growth to continue at 8.0pc this FY'

FE REPORT March 08, 2020 10:06:49

Japanese Ambassador in Dhaka Naoki Ito has expressed the hope that Bangladesh's economic growth will continue at 8.0 per cent this fiscal year (FY) despite negative impact of the coronavirus outbreak....

Returnee women workers: When all hopes are dashed

ARAFAT ARA March 08, 2020 09:58:19

Dalia Aktar (23) lost all hopes to lead a normal life when she returned home abused while working in Saudi Arabia. She got her backbone and a leg fractured while trying to escape workplace by jumping...

Bangladesh third largest RMG product supplier to US

-- March 07, 2020 20:08:32

A top US trade official for South and Central Asia has said Bangladesh has emerged as the third largest readymade garment (RMG) product supplier to the United States after China and Vietnam. Assistan...

Govt can't recover NPLs rapidly on procedural tangles: Planning Minister

FE Report March 07, 2020 11:07:21

Planning Minister M A Mannan, on Friday, said the government is maintaining an uncompromising stance on realising defaulted bank loans. But, it cannot recover the bad loans immediately, as there are s...

BD to enjoy existing trade preference in EU till 2027

FE REPORT March 06, 2020 12:11:25

There is nothing to be worried about preferential treatment of Bangladesh in the European Union even after the country's graduation from LDC (least developed country) status in 2024, a German diplomat...

Coronavirus impact may cost BD trade $16m: UNCTAD

FE REPORT March 06, 2020 11:02:20

The impact of coronavirus on Bangladesh's trade for disruptions to China's exports of intermediate inputs is amounted to be $16 million, a UN report revealed. Its leather sector might be the worst af...

Banks asked to stop giving services to unauthorised bodies

FE REPORT March 06, 2020 10:55:59

The central bank has asked scheduled banks to restrain from giving services to the unauthorised institutions that provides services as payment service provider (PSP) or payment service operator (PSO)....

Look ahead, mind economic caveats: Economists to policymakers

FE REPORT March 06, 2020 10:51:12

Warning against complacency, speakers on Thursday called for assessing dismal economic indicators such as non-performing loans, ailing stock market, sluggish export income, and rising inequality. The...

Imports from ACU nations go up

FE REPORT March 06, 2020 10:31:19

Imports from Asian Clearing Union (ACU) member countries increased by more than 18 per cent in the January-February period of this calendar year, officials said. The amount of payment rose to $1.15 b...

Export earnings drop to $26.24b in eight months

FE Online Report March 05, 2020 17:23:11

The country's export earnings fell by 4.79 per cent to US$26.24 billion in the first eight months of the current fiscal year (FY20) against $27.56 billion in the corresponding period of the last fisca...

Beige Book reports negative impact of coronavirus on US economy

-- March 05, 2020 12:45:48

The feared spread of Coronavirus has had a negative impact on the US economy, dimming the growth prospect of the economy in the near term, according to the Beige Book. US Federal Reserve (Fed) said...

Philippine inflation slows down to 2.6pc in Feb

-- March 05, 2020 12:17:57

The Philippines' headline inflation slowed down to 2.6 per cent in February, compared to 2.9 per cent in January and 3.8 per cent in February 2019, the Philippine Statistics Authority said on Thursday...

IMF provides $50 billion to fight coronavirus outbreak

-- March 05, 2020 10:23:44

The International Monetary Fund (IMF) has announced $50 billion in funding for countries hit by the coronavirus. The organisation also warned that the outbreak had already pushed this year's global e...

MCCI portrays a mixed picture, lists challenges

FE REPORT March 05, 2020 10:16:02

Outlining multiple challenges facing the country on business and fiscal fronts, the Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, a leading trade body, has suggested that the government...

BAPEX announces discovery of new gas field in Cumilla

-- March 04, 2020 18:21:57

The Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) announced discovery of a new gas field in Srikail of Cumilla’s Muradnagar upazila on Tuesday. The digging work starte...

South Korean company to invest $6.0m in Mongla EPZ

-- March 04, 2020 16:53:11

South Korean Company Ms Jong Hyun Hi-Tech Industries Company Limited is going to establish a polyester staple fiber (PSF) manufacturing industry with an investment of US$ 6.0 million in Mongla Export...

India's SC allows trade in cryptocurrency, quashes RBI curb

-- March 04, 2020 15:28:11

India’s Supreme Court (SC) on Wednesday allowed banks to handle cryptocurrency transactions from exchanges and traders, overturning a ban on such dealings by the central bank. The Reserve Bank...

Inflation drops further in February

FE Online Report March 03, 2020 20:10:32

Monthly inflation rate, calculated on the basis of consumer price index (CPD), declined further in February this year to 5.46 per cent from 5.57 per cent in January. The rate was recorded at 5.75 per...

HC issues rule on 9pc interest rate

-- March 03, 2020 17:37:35

The High Court has issued a rule questioning the legality of Bangladesh Bank's circular fixing the interest rate on all loans, except for credit cards, at 9 per cent. Justice Abu Taher Md Saifur Rahm...

BEZA gets $20.5b investment proposals

-- March 03, 2020 14:57:16

Bangladesh Economic Zones Authority (BEZA) has received investment proposals amounting to around 20.50 billion US Dollar from 151 local and foreign business entities, officials said. Out of the inves...

IMF, WB stand ready to address economic challenges of coronavirus

REUTERS March 03, 2020 14:44:26

The International Monetary Fund and the World Bank on Monday said they stood ready to help member countries address the human and economic challenges of the fast-spreading coronavirus outbreak, includ...

Single-digit interest rate: ICB wants in on new regime

SYFUL ISLAM March 03, 2020 10:55:08

The Investment Corporation of Bangladesh, or ICB, has requested the government to cut interest rate on term deposits it took from banks to support the stock market. Presently, the corporation has som...

Import fall pushes up tax revenue shortfall

FE Report March 03, 2020 10:50:11

Tax revenue shortfall aggravated further, hovering to a deficit worth Tk 374.97 billion against its target until January of the current fiscal year (FY), 2019-20, largely due to fall in import of reve...