The Democratic People's Republic of Korea still owes Sonali Bank at least $11.62 million for goods imported under a barter agreement 26 years ago. Under the Barter 5 agreement, North Korea bought goods worth $6.14 million from Bangladesh, but it did not pay for the purchase. The entire...
Bangladesh’s economy has
witnessed steady growth in the past decade, with the country’s annual gross
domestic product (GDP) growth rate at 7.86% in 2018. It is poised to increase
by 7% on an average till 2033, according to a forecast by the Centre for Economics
and Business Research (CEBR).
Money parked by Bangladeshi individuals and enterprises in Swiss banks went down by 2.38 percent to 603 million Swiss francs (CHF) in 2019, in contrast to 617 million a year ago. The Swiss National Bank (SNB) came up with the data in its annual report for 2019...
Industries Secretary KM Ali Azam asked the officials of the Bangladesh Standards and Testing Institution (BSTI) to improve the activities of the body at international level. “BSTI is an important organization of the country. BSTI has become much more dynamic than before. Continuing this trend, the organization...
The government may review the proposed increase in deposit to be made by businesses for VAT related dispute settlement and introduction of partial VAT rebate based on the actual usage of raw materials — the two provisions incorporated in the budget for the fiscal year 2020-2021. The...
Safety equipment and essential health protective items are now selling like hotcakes as the Covid-19 pandemic increased by manifold the demand for such products.
Besides, panic-buying of such items -- hand sanitizer, pulse oximeter, oxygen cylinder, blood sugar machine, disinfecting liquid such as Dettol and Savlon,...
Fifty per cent of students of the country will be brought under vocational and technical education to address the lack of skilled manpower and ensure demographic dividend in coming days, said Mohibul Hassan Chowdhury, the deputy minister for education, yesterday. He also put emphasis on expanding nursing...
Although global trade has been thoroughly battered by the ongoing coronavirus pandemic, the World Trade Organisation (WTO) believes the worst could be over as supply chains are slowly returning to normal due to rising demand. International trade fell sharply in the first half of the year as...
Governments across the world are trying to save lives by preventing the spread of coronavirus through the implementation of various measures, such as social distancing guidelines and nationwide lockdowns. Although these measures are put in place to safeguard public health, they do impede the production process of...
The world is in unprecedented economic turmoil. The post-coronavirus would-be recession may surpass the great depression of the 1930s and the turbulent economy after World War II. Now the question is, how will we overcome the crises?
After the coronavirus pandemic, our growing economy...