North Bengal Agro Farm Limited, a sister concern of the Interstoff Group, has started exporting mango from Rajshahi to Switzerland. The Interstoff Group, an export oriented apparel maker owned by State Minister for Foreign Affairs, Mohammed Shahriar Alam, is the parent company of North Bengal Agro Farm Limited. Agarwal...
The government can finance its large development projects from foreign exchange reserves instead of borrowing from the country's banking sector, a think-tank suggested on Saturday. Since foreign exchange reserves are currently in a better position due to increase in remittances and reduction in imports, the government can...
Bangladesh's rice imports fell to a nearly 40-year low in the fiscal year 2019-20 thanks to farmers' endeavour to increase the yields of the main crop and allow the nation to be self-sufficient in the cereal production. Total import was 4,180 tonnes in the last fiscal year,...
Before the Covid-19 pandemic people migrated from villages to cities to find work. However, when the pandemic hit many of these people, including expatriate workers in the Middle East, became jobless and returned to their villages. Creating employment opportunities for these people in rural areas will be...
Three specialised banks and the Palli Karma Sahayak Foundation (PKSF) are ready with separate action plans aimed at distributing loans toward creating employment for youths and the rural poor and to rehabilitate returnee expatriates hit hard by the Covid-19 pandemic. They will finalise the draft plans at...
The country's business community on Saturday laid stress on a framing of sector-specific investment roadmaps with strategic action plans and comfortable corporate tax to seize the opportunity of investment relocation from China as foreign direct investment (FDI) declined sharply last year. They also urged the government to...
This year saw an unprecedented and drastic transition in the banking sector. In Bangladesh too, the banking industry has been heavily disrupted by prevailing business challenges. With such disruptions, traditional banks have been compelled to rethink their processes digitally, with strong social distancing rules forcing banks to...
The government has slashed furnace oil price in local market by 19 per cent to Tk 34.03 per litre from the previous price of Tk 42 per litre. The price cut is retrospectively effective from June 26 in line with the instruction from the Energy and Mineral...
Chartered Accountants (CAs) can play a vital role in economic recovery by taking particular care in their conduct and judgments as fair information, accountability, and transparent public finance are important to develop a strong and resilient economy in the backdrop of the Covid-19 pandemic, said experts at...
More focus needs to be given on sourcing funds from external sources, reducing dependency on bank borrowing, to mitigate the budget deficit, according to the experts and stakeholders. Suggesting reduction of source tax for export oriented sectors to 0.25 per cent, they also said agriculture and agro...