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 Post Office’s mobile financial service Nagad is seeking to take over the mobile phone top-up business in the country, which last year saw credit recharges of around Tk 26,000 crore. The Posts and Telecommunications Division has asked all four mobile phone operators through the Bangladesh Telecommunication...
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...
US Ambassador to Bangladesh Earl R Miller on Wednesday said Bangladesh is one of the United States' most valued partners and one of the great development success stories in the world. "I'm proud of what our two countries are achieving together," he said adding that two-way trade...
প্রবাসী আয়ে রেকর্ড গড়ল বাংলাদেশ। সদ্য সমাপ্ত ২০১৮-১৯ অর্থবছরে প্রবাসীরা যে পরিমাণ অর্থ পাঠিয়েছেন, বাংলাদেশের ইতিহাসে এক অর্থবছরে এত পরিমাণ প্রবাসী আয় আগে কখনো আসেনি। গত জুন মাসে প্রবাসীরা ১৩৬ কোটি ৮০ লাখ ডলার পাঠায়। ফলে গত অর্থবছরে প্রবাসী আয় বেড়ে হয় ১...