Chattogram sea port has made it to the list of ‘Three millionaire ports’ in the world. Chattogram Port has achieved this glory by handling 3 million containers this year. There are 60 such ports in the world. Chattogram Port (CP), the principal port of Bangladesh has achieved...
Things are finally looking up for realtors in 2020 after a bumpy last few years thanks to government support to public servants for housing loans and an increase in home loan ceiling by the central bank. The sector saw at least 9 percent growth this year, according...
Budget deficit, which is when spending exceeds revenue, is set to cross the sensible perimeter of 5 percent of GDP in fiscal 2018-19 for the first time in 12 years on the back of ebbing collections of the tax administrator. Revenue collection grew 10.67 percent last fiscal...
Bangladesh and Vietnam want to work closely to double the bilateral trade volume from around $1.0 billion to $2.0 billion by 2021. The two countries held the second meeting of the Joint Trade Committee (JTC) in Hanoi on Thursday-Friday and discussed ways to double the bilateral trade...
The slow revenue mobilisation has started impacting the national budget execution process, prompting the authorities to delay reviewing the fiscal blueprint. Officials at the finance division of the Ministry of Finance told the FE the review of the budget usually begins during the first week of January,...
The Asian Development Bank (ADB) is expected to help Bangladesh ease transborder and regional trade through facilitating infrastructural development and regulatory reforms, officials have said. Under the South Asia Sub-regional Economic Cooperation (SASEC), the Manila-based lender has assured Dhaka of its technical and financial support to this...
Beijing will lower import tariffs on more than 850 products including frozen pork from next month, the finance ministry said on Monday, as authorities battle a severe shortage of the meat staple. China’s pig industry has been hammered by African swine fever, which has led to the...
The central bank is set to issue a circular on single-digit interest rate on industrial loans after getting approval from its board of directors, officials said. A draft of the circular is expected to be placed in a meeting of the Bangladesh Bank (BB) board of directors,...
Stocks slipped back into the red on Sunday, after a single-day break, as worried investors went selling on sector-wise issues. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 25.87 points or 0.58 per cent to settle at 4,430. Market analysts said risk-averse...
The consumption of cement, a key construction material, has
increased significantly over the past several years, thanks to a rise in the
number of large-scale government development projects, urbanisation, and the
growing real estate business across the country. According to the
Bangladesh Cement Manufacturers Association (BCMA), cement sales reached a high
of...