Asia

In a heartening development, more and more South Korean companies are coming to Bangladesh with investment plans, attracted by the country’s tremendous growth momentum. “This is a positive development for Bangladesh as there would be technology transfer,” said Mohammad Mustafa Haider, managing director of Super Petrochemical, a...

Importers said they have been bleeding after the slapping of a 5.0 per cent advance tax (AT) on imports, effective from July 01. Many importers said they require extra money to pay it at a time when the banking sector is facing liquidity crunch. Liquid assets of...

The World Bank said it will continue support Bangladesh in its quest for achieving the upper-middle income country status by ensuring green growth. Chief executive officer of the global lender Kristalina Georgieva made the assurance on Thursday winding up her two-day visit to the country, vulnerable to...

Bangladesh and Bhutan are going to finalise the Preferential Trade Agreement (PTA) aiming to increase bilateral trade between the two countries.Outgoing Bhutanese Ambassador to Bangladesh Sonam Tobden Rabgye said this when he met Prime Minister Sheikh Hasina at her Sangsad Bhaban office. ...

The government has directed the specialised banks and financial institutions to work out their plans to recover money from all loan defaulters. The Financial Institution Division of the Finance Ministry has recently given this directive to the banks while holding a meeting with the top executives of...

Small and medium enterprises (SMEs) are the backbone of the Bangladesh economy: they make up more than 90 percent of all businesses that provide two out of three private sector jobs in the country. So, it is very important to help the sector grow for the sake...

The Bangladesh Energy Regulatory Commission (BERC) recently hiked gas price for industrial use by 37.88 per cent from Tk 7.76 to Tk 10.70 per cubic metre, while for captive power, it was raised by 43.97 per cent from Tk 9.62 to Tk 13.85 per cubic metre. For...

Giving a major boost to the farmers’ income, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the increase in the Minimum Support Prices (MSPs) for all kharif crops, including cotton, for 2019-20 season. The move will lead to increased investment and...

Russia remains the primary consumer of Uzbek textile items, according to the Uzbek state statistics committee. During January-May 2019, more than 38 per cent of Uzbek textile exports worth $250.2 million were shipped there. Exports of Uzbek textiles to China more than doubled from $90.9 million in...

Nepal will welcome all kinds of private and public sector investments from Bangladesh, said its energy, water resources and irrigation secretary Dinesh Kumar Ghimire on Saturday. He conveyed his country's message to Bangladesh while meeting the state minister for power, energy and mineral resources,...