Mehdi Mahbub
Uzbekistan, A country with 448,978 square kilometers area and around
33 million population, is the center of central Asia. The country which
has a very colorful rich culture and heritage, also righteously boast
for its trading history since it was one of...
The government’s net borrowing from the banking system in the first 51 days of the current fiscal year (2019-2020) almost touched its net borrowing from the source in the entire last fiscal year (2018-2019). In the period from July 1 to August 20 of the current...
The World Bank will provide $185 million to Bangladesh to add up to 310 Megawatts (MW) in renewable energy generation capacity and mobilise private sector participation to meet the growing demand for electricity in the country. Bangladesh will sign a loan agreement with the global lender...
Bangladesh will insist on Facebook opening an office in Dhaka and getting a VAT registration from the National Board of Revenue when the government meets with officials of the social media giant in September, Post and Telecom Minister Mustafa Jabbar said yesterday. Facebook has approached the government...
Exporters’ problem in getting duty drawback is set to be solved as the National Board of Revenue has decided to empower its Duty Exemption and Drawback Office in determining input-output coefficient for refunding the exporters. NBR in a recent meeting decided to amend the related rules so...
Finance Minister AHM Mustafa Kamal on Sunday said that the government would not re-finance anymore to the state owned commercial banks to address their capital crunch. “There will be no more refinancing to the banks and that’s gone. This is now the story of the past …….these...
The revenue authority plans to buy a total of 300,000 sales monitoring devices this fiscal year to bring all shops under an online network and cut the scope for VAT evasion. The government already gave approval to purchase 100,000 such electronic fiscal devices (EFDs) for Tk 316 crore...
Tradeshi Limited and Alibaba.com’s channel partner has announced Bangladeshi SMEs are to be included for the first time in the Chinese e-commerce giant’s massive B2B sourcing event, #SuperSeptember. Shadab Parvez, founder of Tradeshi Ltd, said the maturity of marketing alignment and budget spent by Alibaba makes buying...
Trade deficit narrowed down to 15 percent last fiscal year thanks to a decline in imports and steady growth of exports, bringing some breathing room for the government for the time being. In fiscal 2018-19, trade deficit stood at $15.94 billion, down from $18.17 billion a year...
Local firms are increasingly embracing robots to increase productivity and competitiveness -- a development that is poised to displace workers in the labour-abundant country. Industrial robots are mainly in use in plastic, apparel and automobiles plants and printing firms to make products, according to import data and...