The power and energy sector of Bangladesh is set to receive an allocation of Tk26,758 crore in the proposed national budget for the 2020-21 fiscal year, placed in parliament by Finance Minister AHM Mustafa Kamal. The allocation was reduced by Tk1,293 crore in the coming fiscal as...
Bangladesh has sought an additional $1.25 billion from the Asian Development Bank (ADB) to ballast the country's purses in its fight against coronavirus and beyond. The Manila-based development lender has already committed to providing $602.39 million as budget support as well as to meet the emergency expenditure in...
Bangladesh Institute of Bank Management (BIBM) yesterday proposed plans to recover the country's banking sector in post Covid-19 on a virtual workshop on Saturday. BIBM director general Md. Akhtaruzzaman chaired the workshop. In a paper titled ‘Economic, Monetary and Financial Sector Implications of Covid-19: Preparedness of Banks in...
Optimism is a disease, the polemical British-Indian novelist Salman Rushdie once said, and talking with Manmohan Parkash, the country director of the Asian Development Bank, one can't help but catch that disease. He is sanguine about Bangladesh's long-term growth; he feels the country is now where South...
President of the country’s apex trade organization FBCCI Sheikh Fazle Fahim on Monday said that they would remain involved in the working capital loan/investment disbursement process of the government-announced Tk 20,000 crore financial assistance package for cottage, micro, small and medium enterprise (CMSME) organisations. He also said...
Transparency International Bangladesh (TIB) on Tuesday urged the government not to keep any provision of whitening of black money in the forthcoming national budget in the name of creating employment by attracting investment and boosting revenue generation. The Bangladesh chapter of the Berlin-based organization termed such scope...
Bangladesh is going to set a national SOP (Standard Operating Procedure) for tourism sector within a week with a framework over how the travel and leisure industry will maintain health guidelines and social distancing after reopening their business, reports BSS. The tourism SOP has been seen as...
As connectivity through digitalisation has proven worthwhile in keeping socio-economic activities up and running even during the pandemic, entire Bangladesh is running after innovation in this area, said Yasir Azman, chief executive officer of Grameenphone. If the operators and the government work together, the telecom sector can...
India’s move to introduce a stringent customs provision empowering customs officials to administer rules of origin under preferential trade agreement may appear as a new non-tariff barrier to Bangladesh’s export to the country, experts and trade leaders said. They said that Bangladesh’s export which had been facing...