Search results for: economy

Finland keen to support smart city, smart port solutions in Bangladesh

-- 2022-11-29 17:29:22

Finland, as a development partner of Bangladesh, is keen to support energy, smart city and smart port solutions in Bangladesh. The interest was shown at a seminar titled ‘Finland's Smart Infr...

Pakistan, IMF begin talks on $7bn loan review

FE ONLINE DESK 2022-11-29 09:46:03

Pakistan and the International Monetary Fund have begun talks online on a ninth review of a $7 billion loan programme, the Finance Ministry said on Monday, aft...

Region sees partial recovery from Covid impacts

FE Report 2022-11-29 08:57:52

Asia-Pacific labour markets have recorded a partial rebound from the impacts of COVID-19, yet full recovery in the region remains elusive with conditions expected to remain difficult into 2023. Accor...

Bangladesh's economic growth to slow to 6.5pc

JASIM UDDIN HAROON 2022-11-29 08:44:03

Bangladesh's real GDP growth may taper down to 6.5 per cent in financial year (FY) 2022-23 from 7.2 per cent in the previous fiscal, Fitch Solutions says in view of numerous decelerators. Its forecas...

Foreign firms, JVs in EZs get permission to take loans in taka

-- 2022-11-28 20:13:31

Bangladesh Bank (BB) has allowed foreign firms and joint ventures (JVs) located in the economic zones (EZs) to take working capital loans in taka from the domestic banking system for their operations...

No liquidity crisis in banks: BAB

-- 2022-11-28 17:05:16

Bangladesh Association of Banks (BAB), an organisation of entrepreneurs and directors of private banks, in a statement has said that there is no liquidity crisis in the banks at present. In a stateme...

Govt's budget spending growth slows in FY 22

JASIM UDDIN HAROON 2022-11-28 08:45:12

The government's budget outlay spending growth slowed tremendously in the last fiscal year (FY), 2021-22, mainly due to various austerity measures and Covid-related reduced demand, leading to narrowin...

Government implementing some conditions to get IMF loan of $4.5b

-- 2022-11-27 20:13:38

The government has started implementing some of the conditions set by the International Monetary Fund (IMF) in the financial and energy sectors ahead of the global lender's board meeting to discuss Ba...

Offer incentive, tax benefit package for expats, speakers urge govt at FBCCI's meeting

FE REPORT 2022-11-27 08:52:19

Speakers at a programme on Saturday urged the government to announce a proper incentive and tax benefit package for skilled expatriate Bangladeshis so that they can return to the country with investme...

Income tax receipts not in tandem with rising TINs

FE Report 2022-11-27 08:42:02

The growth in income tax collection has not been consistent with the rise in the number of TIN (taxpayers' identification number) holders, raising concerns among the experts at a seminar on Saturday....

Foreign aid ebbs when forex needed much

FHM Humayan Kabir 2022-11-26 08:49:04

Foreign-aid flow into Bangladesh ebbs down amid slow development-project execution over the months following domestic belt-tightening and global doldrums, say analysts, when forex is much needed for t...

Bank lending rate being uncapped

JUBAIR HASAN 2022-11-26 08:46:31

Borrowers should brace for costlier funds as lending-rate caps are being phased out to give a much-coveted profitability raise to bankers who lament inflationary pressure on their earnings, sources...

Bangladesh poised to become trillion-dollar economy by 2040: US firm

-- 2022-11-25 19:10:49

Bangladesh is on course to emerge as a $1.0 trillion economy by 2040 at an average growth rate of 5.0 per cent, powered by a surge in middle and affluent consumers, an American consulting firm said in...

Turkey in final stage talks for up to $10b funding from Qatar

-- 2022-11-25 15:24:41

Turkey and Qatar are in the final stages of talks for Doha to provide up to $10 billion in funding for Ankara, including up to $3 billion by the end of this year, two senior Turkish officials and one...

Ghana plans to buy oil with gold instead of US dollars

-- 2022-11-25 11:23:19

Ghana's government is working on a new policy to buy oil products with gold rather than US dollar reserves, Vice-President Mahamudu Bawumia said on Facebook on Thursday. The move is meant to tackle d...

Bangladesh to get 1-1.5m tonnes LNG annually from Brunei

-- 2022-11-24 18:54:26

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said Bangladesh is going to get 1-1.5 million tonnes of liquefied natural gas (LNG) from Brunei starting in early 2023.  H...

Bangladesh call for expanding Intra-IORA trade

FE ONLINE REPORT  2022-11-24 18:20:06

Bangladesh on Thursday called upon all members of IORA to gear up efforts to expand intra-country trade by removing trade barriers.  Despite the potential for trade and investment, even aft...

Sri Lankan central bank threatens measures over high market interest rates

-- 2022-11-24 11:29:48

Sri Lanka's central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with the inflation outlook. Any such action, interpre...

Forex reserves fall again

FE REPORT 2022-11-24 09:16:48

The foreign-currency reserves fell again in recent days, after a slight rise, due mainly to increased demand for the US dollar for meeting import-payment obligations, officials said. It stood at US$3...

Online income tax returns submission crosses 0.10m

-- 2022-11-23 21:54:46

The submission of income tax returns through electronic method or online on Wednesday crossed the milestone of 0.10 million, thanks to the huge interest created among the valued taxpayers on such meth...

BD urges for funding, equitable trade to ensure SDG implementation

FE ONLINE REPORT  2022-11-23 17:29:16

Bangladesh urged the world community to address the issue of funding for the successful implementation of the Sustainable Development Goals (SDG).  “Arranging necessary financing for infra...

Singapore core inflation eases for first time in eight months

-- 2022-11-23 15:31:00

Singapore's key consumer price gauge rose 5.1 per cent in October, slightly less than forecast and marking the first easing in eight months, official data showed on Wednesday, due to smaller rises in...

New Zealand delivers record rate hike, flags 2023 recession

REUTERS 2022-11-23 11:28:58

New Zealand's central bank on Wednesday hiked interest rates by a record amount and warned the economy might have to spend an entire year in recession to bring sky-high inflation under control. The R...

CMSMEs to get credit guarantee facility

FE REPORT 2022-11-23 08:46:01

Alongside term loan, the cottage, micro, small and medium enterprises (CMSMEs) will now get credit-guarantee facility against working capital and trading capital under the Tk 250-billion refinancing s...

Europe to be hit hardest in next year's global slowdown: OECD

-- 2022-11-22 20:42:08

The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the OECD said, adding that fighting inflation...

ECNEC approves 8 projects with Tk 48.26 billion

-- 2022-11-22 18:58:41

The Executive Committee of the National Economic Council (ECNEC) has approved a Tk 25.80 billion Coastal Towns Climate Resilience Project (CTCRP) to strengthen climate and disaster resilience in 22 co...

NBR falls short of revenue collection target for July-October

-- 2022-11-22 15:40:53

The National Board of Revenue (NBR) has collected Tk 909.02 billion in the July-October period of the current fiscal year (FY23), against the target of Tk 973.07 billion. According to NBR's latest da...

Qatar seals 27-year LNG deal with China

-- 2022-11-22 10:34:51

QatarEnergy has signed a 27-year deal to supply China's Sinopec with liquefied natural gas in the longest such LNG agreement to date as volatility drives buyers to seek long-term supplies. Since Russ...

Bangladesh seeks GSP support from Italy to face post-LDC challenges

FE ONLINE REPORT 2022-11-21 17:21:01

Commerce Minister Tipu Munshi has sought GSP support from Italy for Bangladesh to face the post-LDC challenges after its final graduation as a developing nation. The minister also called upon the Eur...

IORA kicks off Tuesday in city eyeing inclusive, open Indian Ocean

FE ONLINE REPORT 2022-11-21 14:38:25

Sustainable use of maritime resources and an inclusive, open ocean will be the main focus of the three-day-long international conference of the Indian Ocean Rim Association (IORA), which will start in...