Sri Lanka's fabric company Teejay Lanka Plc is hopeful of increasing sales from new apparel factories being set up in the South Asian region and Africa, according to company chairman Bill Lam. The rising trend of locating apparel plants in these two regions offers scope for the...
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...
Newspaper Owners’ Association of Bangladesh (NOAB) urged the government to cut taxes on ailing newspaper industry to help it survive especially amid ongoing crisis. The association, in its proposal to finance ministry in formulating national budget for FY2020-21, made the demand recently. “The newspaper industry has been...
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...
In a bid to cushion the impact of the Covid-19 pandemic, the budget for FY2020-21 proposes Tk95,000 crore in farm subsidies, up from Tk9,001 crore in the outgoing fiscal. In his budget speech, Finance Minister AHM Mustafa Kamal proposed an allocation of Tk15,441 crore for the agriculture...
The government has allocated Tk1,478.93 crore in the proposed national budget for the 2020-21 fiscal year which is Tk22.37 crore more than the current fiscal year, for the development of youths and sports. “I propose an allocation of Tk1,478.93 crore in the next year’s budget for the...
Saurer is set to empower its customers with new innovative solutions at ITMA 2019 expo, in hall 6, stand B201. The leading textile and garment technology exhibition will be held from June 20-26, 2019, in Barcelona, Spain. Saurer is a leading globally operating technology group focusing on...
The chunk of defence budget for the FY2020-21 has been increased by Tk2,327 crore than that of the outgoing fiscal year. The amount allocated for military spending in this fiscal (Tk34,427 crore) is 7.24% more than the previous fiscal, according to the budget proposed by Finance Minister...
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...
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...