The Investment Corporation of Bangladesh has sought Tk 1,000 crore in financial support from Bangladesh Bank on an “emergency basis” to inject liquidity into the ailing capital market as part of its concerted efforts to bring back investor confidence. The largest financial investor in the capital market...
The Bangladesh economy will grow at 8 percent this fiscal
year, which would be the highest in Asia, as per the latest forecast of the
Asian Development Bank. The forecast is close to the government target of 8.2
percent growth in fiscal 2019-20. Last fiscal year, Bangladesh pulled off 8.13
percent...
INDUSTRIES around the world are facing a skills crisis. The
introduction of automation and shortage of skilled personnel in the era of the
digital economy is rendering the services of long-serving employees irrelevant.
Managements are in a dilemma about whether to forcibly preserve old jobs, or to
embrace emerging technologies. Upskilling...
Japan is likely to reduce the interest rate on its lending to Bangladesh by 0.30 percentage points to 0.65 per cent from next month (October), officials said on Monday. In October 2017, the Japan International Cooperation Agency (JICA) increased its loan interest rate to 0.95 per cent...
The tax collector has moved to remove the complexities over issuing the VAT registration after it found 80 per cent of the businesses have not updated their identification yet. Some 20,000 businesses have updated their Business Identification Number (BIN) since July according to guideline under the new...
The under-construction Bangladesh-China Friendship Exhibition Centre at Purbachal satellite town will be launched in December next year (2020). Ministry of Commerce informed this at a meeting of the Parliamentary Standing Committee on the Ministry of Commerce at Parliament Bhaban in the capital yesterday. The meeting was also...
A number of UAE business groups are set to invest $10 billion (Dh36.7 billion) into Bangladesh, according to data compiled by Bangladesh Economic Forum, which takes place at Conrad Dubai Hotel today (September 15). More than 300 government officials, business leaders, investors and entrepreneurs will participate in...
Sanofi, the French pharmaceuticals giant, is planning to exit Bangladesh after 60 years in the country by offloading stakes, in a massive blow to the government at a time when it is earnestly looking to attract foreign direct investment. In a letter to the Sanofi board recently,...
The government yesterday raised the hopes of aspiring
entrepreneurs as it announced a Credit Guarantee Fund (CGF) to act as
guarantors for them when they apply for loans to banks or financial
institutions to kick-start their venture. The development comes after the
cabinet approved the four-year-long SME Policy 2019. The CGF...
Inflation declined 13 basis points to 5.49 percent in August, helped by the downward movement of both food and non-food prices. Last month’s rate also bucked the rising trend as inflation had risen 10 basis points to 5.62 percent in the first month of the current fiscal...