Search results for: economy

NBR moves to boost tax revenue

-- 2022-02-27 18:14:13

The National Board of Revenue (NBR) has intensified its tax survey, inspection, monitoring, and realisation to boost the Tax GDP ratio, currently the lowest in the South Asian region. The poor situat...

Foreign investors want fixed wastage rate

FE REPORT 2022-02-26 09:13:42

Foreign investors demand that the government fix the wastage rate for home-textile and Teri-towel products to remove some hurdles and boost exports, officials say. In a letter the Foreign Investors C...

Annual development programme execution far below pre-pandemic level

FHM HUMAYAN KABIR 2022-02-26 08:37:58

Project-implementation rate this fiscal looks a bit better than the covid-ridden last financial year's but the public agencies lag far behind the pre-pandemic marks, insiders say, largely as one vit...

How Western sanctions will affect Russia

-- 2022-02-25 17:41:30

The United States, Britain and other Western nations have hit Russia with new sanctions following Russia's invasion of Ukraine on Thursday. The European Union broadly agreed on new measures, details...

Bangladesh to receive $300m WB financing designed to help 40m urban residents overcome Covid-19, future shocks

FE ONLINE REPORT 2022-02-25 13:34:00

The World Bank on Friday approved $300 million to help Bangladesh strengthen its urban local government institutions to respond to the Covid-19 pandemic and improve preparedness to future shocks benef...

How Sri Lanka's economy ended in crisis

-- 2022-02-25 13:23:13

In late November 2019, after winning Sri Lanka's presidential election and months ahead of a parliamentary ballot that would again test his popularity, Gotabaya Rajapaksa gathered his cabinet and made...

20-day Bangladesh-Japan B2B meet begins virtually

FE REPORT 2022-02-25 10:07:52

Private-sector companies of Bangladesh and Japan started interacting in a three-week business meet for creating scopes of matchmaking between parties of the two countries. The 20-day business to bu...

Russia-Ukraine conflict raises threats for global economy

-- 2022-02-24 20:45:35

Just what a vulnerable world economy didn’t need— a conflict that accelerates inflation, rattles markets and portends trouble for everyone from European consumers to indebted Chinese devel...

Tipu Munshi stresses signing FTA with Malaysia

-- 2022-02-24 20:04:23

Commerce Minister Tipu Munshi has stressed the need for signing a Free Trade Agreement (FTA) with Malaysia in order to boost the trade, commerce, and investment of the two countries. "Bangladesh has...

Accurate data essential for budget implementation, says CPD

-- 2022-02-24 19:08:08

Speakers at a dialogue on Thursday said that the timely disclosure of accurate fiscal data is essential for improving the implementation of the national budget and attainment of the national developme...

Bangladesh government advised to cut taxes to tame soaring prices

FE REPORT 2022-02-24 08:04:14

Lower taxes on essential commodities for both import and domestic levels to contain the wayward inflation, economists suggest the government as prices spike. While presenting their budget proposals...

BIDA introduces eight more services to online OSS centre

-- 2022-02-23 20:24:18

Bangladesh Investment Development Authority (BIDA) has included eight more services of four organisations with its online One Stop Service (OSS) centre to ensure ease and swift services for the invest...

Tipu for target of $5b ICT exports by 2025

-- 2022-02-23 17:50:22

Commerce Minister Tipu Munshi has underscored the need for attaining the target of 5.0 billion US dollar exports from the Information and Communication Technology (ICT) sector by 2025. "By 2025, ICT...

European Union moves to boost business with Bangladesh

SYFUL ISLAM 2022-02-23 08:32:17

The European Union moves to launch a new initiative with Bangladesh to synchronise the latter's public-and private-sector interests for tapping growing business potential unhindered. Officials say...

Less spending yields Bangladesh budget surplus in 1st half

JASIM UDDIN HAROON 2022-02-23 08:23:13

Bangladesh sees budget surplus in the first half of the current fiscal year as the government spent less than its tax and other revenue receipts, officials say. The surplus in December reached Tk 1...

KB Petrochemicals to invest $10.39m in BEPZA Economic Zone

-- 2022-02-22 19:30:31

KB Petrochemicals Limited, a Kuwait-Bangladesh joint venture company, will invest 10.39 million US dollars to establish a Lubricating Oil Blending Plant in BEPZA Economic Zone. Bangladesh Export Pr...

Planning minister says PM wants to cut subsidy in power sector

-- 2022-02-22 17:44:45

Planning Minister MA Mannan has said Prime Minister Sheikh Hasina emphasised the need for gradually coming out from the subsidy system in the power and energy sector. The prime minister suggested thi...

Sri Lanka to promote batik, handloom products in global markets

-- 2022-02-21 20:38:48

The Sri Lankan government is to kick off a programme to promote the country's popular batik and handloom products to global markets in order to reboot local handloom industry. A senior official from...

South Korea keen to invest in various sectors in Bangladesh

FE REPORT 2022-02-21 14:03:05

Ambassador of the Republic of Korea Lee Hang-Keun has expressed his country's interests in investing in other industrial sectors here apart from the readymade garment (RMG) for mutual benefits of bo...

Bangladesh team to visit Egypt in March for talks on PTA

FE REPORT 2022-02-21 13:46:23

A high-profile official delegation is scheduled to visit Egypt early next month (March) to hold talks on signing a bilateral Preferential Trade Agreement (PTA), officials said. Led by State Ministe...

Bangladesh asks Australia to name state agency for trade transaction

FE REPORT 2022-02-21 12:14:23

Bangladesh has requested Australia to designate a state agency to deal with government-to-government trade as boosting commercial cooperation between the two countries is planned, officials say. Th...

Focussing only on renewables a mistake: Saudi energy minister

-- 2022-02-21 08:32:28

The Saudi energy minister said on Sunday that focusing only on renewable power sources was a mistake and that the world may not be able to produce all the energy needed for economic recovery from the...

Cabinet approves draft law for protection of deposits at financial institutions

-- 2022-02-20 23:55:13

The government of Bangladesh has approved a revised draft of a law with an aim to protect deposits of non-bank financial institutions (NBFIs). As per the draft law, the NBFIs will have to provide cli...

World Bank readies $350m Ukraine disbursement, pledges more

-- 2022-02-20 10:23:43

The World Bank Group on Saturday said it is readying a $350 million disbursement to Ukraine that the group's board will consider by the end of March as part of a plan for short- and long-term financin...

How a Russia-Ukraine conflict could hit global markets

-- 2022-02-20 10:22:44

A potential invasion of Ukraine by neighbouring Russia would be felt across a number of markets, from wheat and energy prices and the region's sovereign dollar bonds to safe-haven assets and stock mar...

Call for bringing discipline to financial sector reiterated

FE REPORT 2022-02-20 08:42:31

Bangladesh's graduation from the least-developed country (LDC) status may not sustain without bringing discipline in the financial sector, opines Centre for Policy Dialogue Distinguished Fellow Dr Deb...

Compensating agro-businesses, arresting inflation key to recovery: DCCI economic outlook

FE ONLINE REPORT   2022-02-19 19:04:15

The Bangladesh economy is yet to make a full recovery from the Covid-19 effects but inflation and supply chain constraints have already arisen as new challenges, business leaders and analysts told a...

Overseas employment raises aspiring migrants' confidence

ARAFAT ARA 2022-02-19 09:24:13

A steady rebound in Bangladesh's overseas labour employment raises hope for the jobs figures to shoot over the one-million mark at the yearend, enhancing economy-boosting remittance. More than 100,...

World Bank bets $750m on BBIN regional corridor

FHM HUMAYAN KABIR 2022-02-19 08:49:15

It comes as a significant fresh push for regional connectivity as the World Bank bets US$750 million on salvaging the struggling BBIN corridor meant for connecting four South Asian nations. Officia...

Headwinds hit recovery as MCCI sees price spiral, remittance sloth as challenges

FE REPORT 2022-02-19 08:27:32

Bangladesh economy, despite showing signs of recovery from the pandemic shocks, sees some emerging challenges stemming mainly from price hike of essential commodities and decreasing remittances. Such...