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...
A new nonbank financial institution, Strategic Finance and Investment Limited, has secured final approval from Bangladesh Bank to run operations. The central bank issued a notice on awarding the authorisation to the new institution on Sunday, central bank spokesperson Serajul Islam said. Earlier, the institution got initial...
Finance Minister AHM Mustafa Kamal has proposed continuation of the existing 2% incentive on remittance in the national budget for 2020-21 fiscal year. In his budget speech in the parliament on Thursday afternoon, the finance minister said the prime minister announced the incentive at the rate of...
Nearly one third of companies in Myanmar have temporarily closed because of the coronavirus lockdown and the vast majority of those still operating have reported lower turnover, according to the Asia Foundation. A nationwide poll of 750 local businesses - the largest survey so far of the impact...
Governments will get more power to tax big multinationals like Google, Apple and Facebook doing business in their countries under a proposed overhaul of decades-old rules. Big internet firms have pushed tax rules to the limit as they can book profit and park assets like trademarks and...