Bangladesh

Industry Secretary KM Ali Azam today instructed the field level officials and employees of the Bangladesh Standards and Testing Institution (BSTI) to carry out their duties with professionalism, honesty, efficiency, dedication and sincerity in order to deliver quality food products and services to the consumer. Mentioning that...

Business leaders on Saturday urged the government to reorganise its economic and development policies in line with the changed global scenario amid the COVID-19 pandemic to protect jobs and livelihoods. They sought proper implementation of the government announced stimulus package to curb the rise in unemployment at...

For a better economic recovery from the Covid-19 pandemic, reining the contamination with better treatment and increased testing facilities and addressing mismanagement and corruption in the country health sector is very crucial, says Sanem. The South Asian Network on Economic Modelling (Sanem) made the observations at a...

The promising growth in export earnings seen at three Asian markets during the previous fiscal year has come to a halt following the coronavirus outbreak. Exports to China, India and Japan, three economic giants, were growing steadily over the last five years. During fiscal 2019-20 as well,...

Remittance has been on the rise in recent years riding on an annual export of more than 7 lakh economic migrants since 2016 – in a development that has helped the government manage the economy smoothly. But the manpower export is expected to witness an alarming fall this...

Bangladesh could see more star hotels in the next five years than what it has seen in the last five decades. But the Covid-19 pandemic has made all that uncertain. Now, many of the upcoming hotel projects would be delayed by a year or...

E-commerce transactions through the banking channel increased by 13.57 per cent or Tk 30.4 crore in April, the first month of the government announced shutdown to contain the coronavirus, as a significant number of people preferred to purchase essential goods from home. On the contrary, transaction through...

The Financial Reporting Council (FRC) has moved to crack down on irregularities involving the misuse of employees’ provident funds as companies were found forfeiting money from the employees who were leaving and misusing the funds for the companies’ own interest. The FRC has ruled that the companies...

A High Court bench has declined to hear a writ petition seeking cancellation of licences of those shipping lines that have been realising detention/demurrage charges from importers in an alleged violation of the relugations of the Chittagong Port Authority as there is a separate High Court bench...

Chattogram Custom House has fallen short of its revenue target for fiscal 2019-20 by 28 per cent or Tk 16,445 crore. According to the National Board of Revenue (NBR), the target was Tk 58,298 crore while Tk 41,853 crore was collected. During the past seven years, the customs...