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The Financial Express

Search results for: economy

Urban poverty on course to triple in Myanmar due to pandemic, military coup

Urban poverty on course to triple in Myanmar due to pandemic, military coup

-- 2021-12-01 19:49:06

Urban poverty is on course to triple in Myanmar, pushing nearly half the population below the poverty line next year, the United Nations said on Wednesday, as the twin impact of the pandemic and a mil...

Asian factories shake off supply headaches but Omicron poses new risks

Asian factories shake off supply headaches but Omicron poses new risks

-- 2021-12-01 11:03:09

Asian factory activity grew in November as crippling supply bottlenecks eased, but rising input costs and renewed weakness in China dampened the region's prospects for an early, sustained recovery fro...

BB forms committee to probe unregistered financial institutions

BB forms committee to probe unregistered financial institutions

FE ONLINE REPORT 2021-11-30 19:12:54

The Bangladesh Bank (BB) authorities have formed a special committee to probe into the illegal financial transactions of unauthorised and unregistered financial institutions and as well as the microcr...

Policymakers, top bankers suggest measures to tackle NPLs

Policymakers, top bankers suggest measures to tackle NPLs

FE REPORT 2021-11-30 09:01:30

Some policymakers and top bankers see non-performing loans (NPLs) spreading 'just like a cancer' and suggest effective measures to heal it immediately for tidying the country's economic arena. As s...

Bangladesh receives investment proposals worth $2.7b during two-day summit

Bangladesh receives investment proposals worth $2.7b during two-day summit

FE ONLINE REPORT 2021-11-29 22:13:18

The Bangladesh Investment Development Authority (BIDA) on Monday said the country has received several investment proposals worth $2.7 billion during the two-day International Investment Summit 2021....

ADB grants $150m loan for CMSEs in Bangladesh

ADB grants $150m loan for CMSEs in Bangladesh

-- 2021-11-29 19:16:31

The Asian Development Bank (ADB) and the government of Bangladesh have signed agreements for $150 million in loan to provide financing for the cottage, micro, and small-sized enterprises (CMSEs) to cr...

Half TIN holders may miss deadline to submit tax returns

Half TIN holders may miss deadline to submit tax returns

-- 2021-11-29 18:17:32

At least half the country's TIN holders are likely to miss the November 30 deadline to submit their tax returns amid experts' call to the National Board of Revenue (NBR) to go for bolder and people-fr...

Minister invites global entrepreneurs to invest in Bangladesh

Minister invites global entrepreneurs to invest in Bangladesh

FE ONLINE REPORT 2021-11-29 18:13:35

Law Minister Anisul Huq has urged global entrepreneurs to invest in Bangladesh as more regulatory and legal frameworks are underway to improve the overall investment climate in the country. Terming t...

Turkish businesses keen to invest in Bangladesh

Turkish businesses keen to invest in Bangladesh

-- 2021-11-29 17:05:42

Members of the visiting Turkish business delegation have informed the Dhaka Chamber of Commerce and Industry (DCCI) that they are interested to invest in Bangladesh as the country is providing adequat...

Transport, logistics critical to attract FDI: BIDA Investment Summit

Transport, logistics critical to attract FDI: BIDA Investment Summit

FE ONLINE REPORT 2021-11-29 14:32:35

A panel of business leaders and analysts on Monday urged the government to announce transport and logistics as a high-priority sector to attract more foreign direct investment (FDI). At the Internati...

Blue economy can largely benefit investors: Experts

Blue economy can largely benefit investors: Experts

FE Report 2021-11-29 10:27:02

Investors can largely be benefited by harnessing huge resources hidden in the country's bay-based blue economy, experts observed at a business session on Sunday. Terming the area largely untapped due...

Bangladesh's economic zones bag $6.25b investment bids

Bangladesh's economic zones bag $6.25b investment bids

FE REPORT 2021-11-29 09:11:20

Investment proposals for the country's economic zones (EZs) have amounted to US$ 6.25 billion with both foreign and local entrepreneurs showing a growing interest in setting up industries in those....

Safeguards endorsed for tapping blue economy in bay

Safeguards endorsed for tapping blue economy in bay

FE REPORT 2021-11-29 08:55:42

Parliament passed Sunday an updated law with tough provisions of penalties for sea pollution, robberies and foreign trespasses as safeguards to ensure ocean governance and exploiting Bangladesh's po...

Global investors urged to invest in 'New Bangladesh'

Global investors urged to invest in 'New Bangladesh'

FE REPORT 2021-11-29 08:32:33

Global investors should seize endless opportunities in various potential business arenas in a 'New Bangladesh', now emerging through its status change, speakers at an international investors' meet s...

Bangladesh becoming destination for global investors in healthcare services

Bangladesh becoming destination for global investors in healthcare services

FE ONLINE REPORT 2021-11-28 21:47:49

With the success achieved in the pharmaceutical sector, Bangladesh is now becoming an important destination for global investors with its growing population and their rising capacity to spend more on...

Favourable policy support drawing FDIs in Bangladesh, experts say at International Investment Summit

Favourable policy support drawing FDIs in Bangladesh, experts say at International Investment Summit

FE ONLINE REPORT 2021-11-28 18:35:20

Conducive policy support, including a friendly environment and incentives in economic zones (EZs), is drawing foreign investments in Bangladesh, said panel speakers at the two-day International Invest...

International Investment Summit emphasises stable exchange rate, low-interest rate to lure foreign investment  

International Investment Summit emphasises stable exchange rate, low-interest rate to lure foreign investment  

FE ONLINE REPORT 2021-11-28 18:08:50

Stable exchange rate, low inflation Economic and political stability, prudent policy, repatriable investment, dedicated power and energy and special economic zones will help Bangladesh lure huge forei...

Forex reserves likely to hit $54b on remittance inflow by FY24

Forex reserves likely to hit $54b on remittance inflow by FY24

-- 2021-11-28 16:45:36

Bangladeshis working abroad are expected to send large sums of money back home over the next three fiscal years helping the country’s foreign currency reserve to hit US$53.99 billion by the midd...

International Investment Summit to brand ‘New Bangladesh’ inaugurated

International Investment Summit to brand ‘New Bangladesh’ inaugurated

FE ONLINE REPORT 2021-11-28 13:58:38

Prime Minister Sheikh Hasina has urged foreign investors to grab investment opportunities in Bangladesh, saying that new markets for made in Bangladesh products would be created. Inaugurating a two-d...

New base year changes Bangladesh's growth arithmetic

New base year changes Bangladesh's growth arithmetic

FHM HUMAYAN KABIR 2021-11-28 09:45:16

A new base year in economic calculations gives the government some solace about Bangladesh's struggling investment-GDP ratio as it yields a rise by 0.84 percentage points with a private-sector leap, a...

NBR not to extend deadline for income tax return submission

NBR not to extend deadline for income tax return submission

-- 2021-11-27 20:38:59

The National Board of Revenue (NBR) has decided against extending the deadline for income tax return submission despite hopes of an extension amid the coronavirus pandemic. Citizens will have to pay...

MCCI projects $4.95b export in December

MCCI projects $4.95b export in December

FE REPORT 2021-11-26 11:01:25

The Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka has projected that some economic indicators of the country might see an upward trend next month. The country's export earnings, which...

Ensuring country's development: Quality data for use in policy-making in focus

Ensuring country's development: Quality data for use in policy-making in focus

FE REPORT 2021-11-26 09:33:35

Speakers at a dialogue on Thursday said production of quality and usable data as well as their transformation to policy-making is imperative for ensuring development of the country. They said colla...

MCCI sees Inflation as key challenge to economic recovery

MCCI sees Inflation as key challenge to economic recovery

FE REPORT 2021-11-26 09:10:39

Unrelenting inflation amid price rises is among some headwinds elite chamber MCCI spotlights as key challenges facing the Bangladesh economy while bouncing back from the pandemic-induced slump. Apa...

13th ASEM summit kicks off

13th ASEM summit kicks off

-- 2021-11-25 20:01:59

The 13th Asia-Europe Meeting (ASEM) Summit has started under the chairmanship of Cambodia, with a main focus on multilateralism and post-Covid-19 recovery. The meeting, under the slogan ‘Stre...

141 taxpayers get tax cards

141 taxpayers get tax cards

FE REPORT 2021-11-25 09:12:58

Tax collection has marked an outstanding growth over the years due to contribution of top taxpayers, leading the country to emerge as the Asian Tiger, said Finance Minister A H M Mustafa Kamal. He...

ADP execution still in slow lane, economy rebounds

ADP execution still in slow lane, economy rebounds

FHM HUMAYAN KABIR 2021-11-25 08:55:05

Belying a kick-start of the economy after massive Covid-19 disruptions in Bangladesh and the world over, government agencies seem still navigating a slow lane in implementing the country's developme...

Bangladesh to become 25th largest economy by 2035, finance minister hopes

Bangladesh to become 25th largest economy by 2035, finance minister hopes

-- 2021-11-24 21:44:42

Finance Minister AHM Mustafa Kamal has expressed his optimism that Bangladesh will become the 25th largest economy in the world by 2035. He also called upon all, including the valued taxpayers, to co...

Govt targets 17pc expenditure of GDP for next two fiscals

Govt targets 17pc expenditure of GDP for next two fiscals

-- 2021-11-24 18:01:47

The government has projected its expenditure to remain at 17 per cent of the GDP in the next two fiscal years defying the adverse impact of coronavirus, although the pandemic pulled down the rate slig...

Japan PM confirms oil reserve release in response to US request

Japan PM confirms oil reserve release in response to US request

-- 2021-11-24 13:57:36

Japan's Prime Minister Fumio Kishida said on Wednesday his government would release oil reserves in response to a US request in a way that does not breach a Japanese law that only allows stock release...