There is no problem between India and Bangladesh and the two want to work together to take advantage of future opportunities created by the rapidly changing world of finance, trade and money, said Indian High Commissioner Vikram Kumar Doraiswami. "There is nothing contradictory with Bangladesh and India's...
The country's plastic and packaging industry is projected to grow at a rate of 15 per cent annually, and generate fresh employment for around 0.5 million people by 2026, sources said. It has also targeted to become 'zero waste nation' for plastic and packaging consumption by 2030....
As managing director and chief executive officer (CEO), Chowdhury is now determined to sail the company to new horizons. While most other corporate personalities would prefer to stick with MNCs in order to sustain their careers, Chowdhury rolled the dice when he took up his position with...
The value of greenfield investment project announcements – an indicator of future foreign direct investment trend – fell by 78 per cent in Bangladesh in the first eight months of 2020 because of the coronavirus pandemic, said the Unctad yesterday. The Global Investment Trends Monitor of the...
Bangladesh posted a current account surplus of $3.53 billion in the first three months (July-September) of 2020-21 Fiscal Year, amid the onslaught of the Covid-19 pandemic. The Bangladesh Bank made the disclosure in its latest weekly report on Thursday. In the same period during the last fiscal...
To further augment scope of foreign investment in the country, 11 more services of the Bangladesh Economic Zones Authority (BEZA) One Stop Service (OSS) Centre have come under online for ensuring quicker services for the investors of the Special Economic Zones (SEZs). The services are titled Application...
American multinational technology conglomerate Cisco on Tuesday unveiled its "Resilient Distributed Enterprise" portfolio in the country, with which the company will double down on its partner engagements and help firms empower their businesses. This is an extension of Cisco’s ongoing initiatives to bolster the country’s digital foundation and...
The central bank on Sunday said the new 'risk weight' applicable to investing in 'alternative' investments will remain valid until September, 2022 beginning from the third quarter of this year. An alternative investment is an investment in any asset class, excluding stocks, bonds and cash. Industry insiders...
Foreign-owned companies will also be eligible for receiving low cost loans from different stimulus packages, the Bangladesh Bank said in a circular issued on Thursday. To avail the loans, the foreign companies have to follow the same procedures followed by the local businesses. Considering the situation of...
Some indicators of the Bangladesh economy have started to show positive signs in the recent period. Among those are remittances and exports of readymade garments (RMG), which were affected hugely since the outbreak of Covid-19 in Bangladesh in March 2020. Both these sectors are important sources of...