The foreign portfolio investors continued making an exit as they withdrew Tk 1,399 crore from the Bangladesh capital market in the last financial year 2019-20, the highest-ever pull-out amid woes in the country’s financial sector including the stock market, government’s apathy towards the market and global pandemic...
Around six million people became jobless in various sectors due to low production and supply chain disruption due to the Covid-19 pandemic, while experts fear the figure might increase if the current situation continued. South Asian Network on Economic Modelling (Sanem) mentioned this yesterday at a webinar on the...
Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI) has called for providing special focus on fast-growing trends in information technology to overcome COVID-19 impact. The chamber made the call at the BMCCI Web Talk Series, Session-7, titled “RMG Industry Pre COVID and Post COVID”, powered by ROBI,...
The government has expedited the process of replacing more than 70-year-old foreign exchange regulations in order to attract investments while improving the ease of doing business. The foreign exchange policy and operations in Bangladesh are now governed under the provisions of foreign exchange regulations, 1947, which empowered...
In early March, Md Yousuf, proprietor of Srabon Printing Press in the capital's Gopibagh area, thought business would return to normal the following month after a prolonged downturn marked by low work orders. However, till date, his business remains in a nosedive. Yousuf owns a small printer...
The Bangladesh Security Exchange Commission will help boost the start-up, venture capital and private equity ecosystem in Bangladesh, said its Chairman Shibli Rubayat-Ul-Islam on Wednesday. "We will certainly accommodate relevant changes that are necessary for the venture capital and private equity enterprises," said Islam during a meeting...
বেসামরিক বিমান পরিবহন ও পর্যটন মন্ত্রণালয়ের প্রতিমন্ত্রী মো. মাহবুব আলী এমপি বলেন, কোভিড-১৯ পরবর্তী সময়ে পর্যটনশিল্প পুনরুদ্ধারে আমাদের অভ্যন্তরীণ পর্যটক একটি বড় শক্তি হিসেবে পরিগণিত হবে। অভ্যন্তরীণ পর্যটকদের মধ্যে মহান মুক্তিযুদ্ধের মাধ্যমে অর্জিত আমাদের প্রিয় মাতৃভূমির দেশীয় পর্যটন আকর্ষণ ও গন্তব্য সম্পর্কে সচেতনতা তৈরি ও তাদের আস্থার...
The budget for fiscal 2020-21 is said to be one of the most challenging financial bills in Bangladesh's recent history. The severe fiscal constraints confronted by the government due to the pandemic would make it difficult to implement the budget as per target. It is expected that...
The National Board of Revenue yesterday rolled out the electronic payment of value-added tax, taking a much-delayed big step forward to fully automating a system that would enable businesses to comply at reduced time and cost. Initially, firms and companies that have accounts with HSBC, Prime Bank...
By the end of 2021, an estimated 33 million people will loss their jobs owing to the fallout of Covid-19, while five emerging sectors will generate 40 lakh new jobs. Access to Information (a2i) – the flagship programme of the Digital Bangladesh agenda – revealed this while sharing...