Search results for: economy

BIDA selects 11 sectors to woo FDI mainly from 15 countries

FE REPORT 2021-11-24 10:03:54

The government has set a primary target to woo investment from 15 countries and regions during the upcoming International Investment Summit 2021. "The target was set through analysing the track recor...

Non-performing loans swell to over Tk 1.0t despite policy backup

SIDDIQUE ISLAM 2021-11-24 08:28:56

Classified loans in Bangladesh's banking system swelled to more than Tk 1.0-trillion mark again, as of September, despite receiving state policy support. The volume of non-performing loans (NPLs) g...

Bangladesh’s GDP size now stands at Tk 34,840 billion

-- 2021-11-23 20:11:47

The size of the Gross Domestic Product (GDP) in the last fiscal year (FY21) stood at Tk 34,840 billion at current prices as per the new base year of 2015-16.  The GDP growth of the country recor...

Japan lends $2.67b

FE REPORT 2021-11-23 10:22:47

Japan confirmed US$ 2.665 billion (JPY 292.279 billion) loan on Monday for developing the Matarbari power plant and the MRT line-6 as well as for facilitating recovery from the Covid-19 pandemic shock...

Bangladesh produced 1,000 tonnes of textile waste, says global report  

FE ONLINE REPORT 2021-11-22 21:39:47

Bangladesh produced 1,000 tonnes of textile waste in a year, until November this year, amounting to potentially a billion dollar worth of recycled textile, said a new global report. The new analysis...

South Korea to provide $100m loan for Bangladesh's pandemic recovery

FE ONLINE REPORT 2021-11-22 18:00:04

South Korea has recently approved the provision of $100 million from Economic Development Cooperation Fund (EDCF) to Bangladesh to help the recovery of Bangladesh’s economy hit by the coronaviru...

Foreign tourists back in New York

-- 2021-11-21 17:48:10

New York has launched its largest tourism advertising campaign in history. John F Kennedy International Airport bustles again with foreign passengers. The holiday season promises peak travel cheer, wi...

Agriculture credit gains pace on back of Bangladesh Bank policy changes

-- 2021-11-21 14:02:33

The scheduled banks have disbursed Tk 79.05 billion (7905 crore) as agriculture and rural credit in July-October period of the current fiscal (2021-22), almost 28 per cent of the target for the 1...

Bangladesh, Kenya agree to establish cooperation in education, IT, agriculture

-- 2021-11-19 19:55:15

Foreign Minister Dr AK Abdul Momen and Chief Administrative Secretary for Foreign Affairs of Kenya Ababu Namwamda agreed to establish cooperation in tourism, IT and agriculture sectors in addition to...

Philippines set to reopen to vaccinated foreign tourists

-- 2021-11-19 16:35:49

The Philippines will soon allow the entry of fully-vaccinated foreign tourists from China and over 40 other "green" or Covid-19 low-risk countries and regions, Cabinet Secretary Karlo Nograles has sai...

Japan set to unveil record stimulus package

-- 2021-11-19 13:19:36

Japan is set to announce a record $490 billion spending package on Friday to cushion the economic blow from the Covid-19 pandemic, bucking a global trend towards withdrawing crisis-mode stimulus measu...

ADB grants $150m loans for small enterprises in Bangladesh

-- 2021-11-18 16:54:18

The Asian Development Bank (ADB) has approved a USD150 million loan to Bangladesh to provide financing for cottage, micro, and small-sized enterprises (CMSEs) operated by youth, returning migrant wo...

Bangladeshi cos urged to expand operations in South Africa

FE ONLINE REPORT 2021-11-18 16:01:10

Admitting that the volume of bilateral trade between Bangladesh and South Africa is negligible, Dr Grace Naledi Mandisa Pandor, Minister of International Relations and Cooperation of the Republic of S...

Halt of hundi led to remittance growth during pandemic: Study

FE REPORT 2021-11-18 09:24:46

Stagnation of hundi, an illegal cross border financial transaction, during Covid lockdown periods, pushed the country's remittance up, according to a new study unveiled on Wednesday. There are some...

Vietnamese envoy for more export from Bangladesh to reduce trade gap

-- 2021-11-17 17:49:18

Ambassador of Vietnam to Bangladesh Pham Viet Chien has said that they want Bangladesh to export more to Vietnam for reducing the existing trade gap. The Ambassador said this when a seven-member dele...

Comoros for stronger ties with Bangladesh to boost trade

-- 2021-11-17 17:08:47

Comoros has shown keen interest to import ready-made garments and other products from Bangladesh as the African island nation would like to enhance trade and economic cooperation with Dhaka. The inte...

Banks count revaluation losses on government securities

Siddique Islam 2021-11-17 08:40:08

Bangladesh's commercial banks, particularly the primary dealers (PDs), face revaluation losses on government securities as the yields on the borrowing tools increased significantly. Higher yields on...

Bangladesh for early conclusion of inclusive PTA with Indonesia

-- 2021-11-16 22:00:12

Bangladesh has stressed the importance of an early conclusion of bilateral Preferential Trade Agreement (PTA) with Indonesia by making it inclusive and mutually beneficial. Bangladesh observed that s...

China overtakes US as world's richest nation

-- 2021-11-16 18:04:24

China has surpassed the United States to become the richest nation in the world as global wealth tripled over the past two decades, according to global media reports. McKinsey & Co., a management...

Bill introduces penalties for buying savings certificates with false information

-- 2021-11-16 16:46:41

A bill specifying penalties for buying national savings certificates with false information has been placed in parliament for approval. Finance Minister AHM Mustafa Kamal tabled the ‘Public Deb...

Saudi Arabia's race to attract foreign investment dogged by scepticism

-- 2021-11-16 11:07:51

Saudi Arabia could have a credibility problem if it keeps shifting the goal posts for the amount of foreign investment it wants to turn its vision of a future beyond oil into a reality, financial sour...

Banks, financial institutions asked to lower NPLs, ramp up stimulus delivery

SYFUL ISLAM 2021-11-16 08:49:58

Government's finance authority asks the state-owned banks (SoBs) and financial institutions (FIs) to expedite implementation of stimulus packages by ramping up fund disbursement and recovery, and lowe...

Agriculture sector’s economic model needs change: Hossain Zillur Rahman

FE Report 2021-11-16 08:47:26

The country's agriculture sector needs to be upgraded to a development-intensified one from the current cheap labour-based economic model, Dr Hossain Zillur Rahman opined. "The agriculture sector is...

ADB irked by slow progress in project execution in Bangladesh

FHM HUMAYAN KABIR 2021-11-13 09:46:20

The Asian Development Bank is going to be tougher on funding Bangladesh's development recipe as the financier reviews a slew of slow-moving projects this month, officials said Friday. Just one-and-...

Bangladesh seeks post-graduation EU trade support

FE REPORT 2021-11-12 09:57:27

Dhaka urged the European Union (EU) to continue trade preferences to Bangladesh even after the country graduates from world's poor-country club, under unimpeachable economic partnership. The call c...

Hasina seeks investment in creative economy

-- 2021-11-12 09:27:46

Bangladesh wishes to contribute to global socio-economic development and technological advancement despite its limited capacity and investments in the creative economy can help it do so, Sheikh Hasina...

'Stimulus package or subsidy to BPC could have been a way out'

FE REPORT 2021-11-12 08:50:23

The government should have offered a stimulus package or provided a subsidy to state-run Bangladesh Petroleum Corporation (BPC) instead of raising fuel prices, speakers at a seminar opined on Thursd...

Bangladesh to get €330m from France for development projects

FE ONLINE DESK 2021-11-11 13:58:42

The development agency of France will provide €330 million for the implementation of development projects in Bangladesh. Bangladesh and France have signed three agreements in this regard. Of th...

Dhaka now seeks $701m from Beijing to bankroll two priority projects

FHM HUMAYAN KABIR 2021-11-11 08:35:57

The government now seeks to borrow US$701 million from China to bankroll two priority projects, after a pause of nearly two years in Beijing's bountiful development-financing support for Bangladesh to...

Businesses hopeful of rebound: SANEM survey

FE REPORT 2021-11-11 08:20:17

The depleting coronavirus incidence in Bangladesh makes the majority of businesses hopeful about a moderate-to-strong economic recovery during the concluding quarter of 2021, according to a survey. A...