Asia

Despite sharing a long border, Bangladesh is still a very tiny source for merchandise for India due to a lack of diversification of products and non-tariff barriers. India’s annual merchandise import amounts to $500 billion, in which Bangladesh’s share is only 0.2 percent, or a little above...

The private sector credit growth hit a nine-year low in August this fiscal year (2019-2020) amid liquidity crisis in the banking sector along with the advance deposit ratio adjustment-centric cautiousness of a section of the banks. In August, the private sector credit growth dropped to 10.68 per...

The Asian Development Bank (ADB), on its latest economic outlook update, has shown how Bangladesh, and not India, is the standout economy in terms of growth momentum in South Asia. The Indian Express, in its online version, gave an explanation over the issue. The writing is reproduced below:

Facebook is likely to appoint a VAT agent to ensure payment of value-added tax from their advertisement earnings from Bangladesh market. “We have talked to the government. The company will abide by all the existing laws of the country, Faceboo’s Public Policy Director in India and South...

Business leaders on Tuesday demanded that decisions taken by the Bangladesh Investment Development Authority should be well-coordinated among government agencies for expediting service delivery to investors. BIDA should ensure better interaction with investors, both local and foreign, to identify the problems in ease of doing business, they...

The inflow of remittances grew by more than 16 per cent in the first quarter (Q1) of this fiscal year (FY) as the government has announced a 2.0 per cent incentive on remittance receipts. The flow of inward remittances rose to US$4.51 billion during the July-September period...

Digital payments and services platform Dmoney yesterday announced the launch of its commercial operation for the Bangladesh market. “We have come up with a technology platform that will further accelerate the advancement of the people. This is an extremely proud moment for us Bangladeshis,” Dmoney Chairman Anjan Chowdhury...

Malaysian and Indonesian central banks signed a bilateral local currency swap agreement on Friday, which allows for the exchange of local currencies between the central banks of up to 2 billion U.S. dollars. Bank Negara Malaysia (BNM) said in a statement following a meeting between the two...

The jute ministry has requested the finance ministry to create an initial low-cost fund of Tk 5.0 billion out of the proposed Jute Sector Development Fund (JSDF) of Tk 100 billion. It also recommended increasing the cash incentive for jute yarn from existing 7.0 per cent to...

When Imdadul Haque was in a fix after incurring a huge loss in his fishing farm in 2015 for a heavy flood, he opted to change his business immediately. But his love for fish farming held him back. He got to know about recirculating aquaculture system, which...