Bangladesh and Kuwait have agreed to further strengthening relations between the two brotherly countries and underlined the importance of developing investment in mutually beneficial project areas including power, energy and infrastructure sectors.
Category: Business
Govt borrowing Tk 460 crore a day
Nearing the end of its term, the government is borrowing more and more from scheduled banks.
Stocks down at opening on Tuesday
The share price index at the country’s both bourses — Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) –witnessed downtrend in early hours of trading on Tuesday.
$154mn foreign loan against 15 projects cleared
The Board of Investment Scrutiny Committee for approval of foreign loan/supplier’s credit on Tuesday cleared borrowing of US$ 154 million foreign loan against 15 private sector projects.
9 new units to start production in Comilla EPZ soon
Nine new units will start production in Comilla Export Processing Zone soon which will create employment opportunities for about 15,000 workers.
Rajshahi mango processing can add value
For long, Rajshahi is nationwide famous, especially for its tasty and delicious fruit mango that attracts people from allover the country every summer. Every year, acreage, number of trees and mango production is mounting. However, unfortunately, not a single mango-processing…
Fast Retailing to open Grameen Uniqlo stores
Petah Marian
‘Reviving stock investors’ confidence still a challenge’
Reviving the confidence of general investors still remains a big challenge for the government and punishing the stock manipulators involved in the 2010 stock market debacle should be a priority task to make that happen, said a leading economic think…
Response to WB Padma report: Muhith blames ACC for ‘delay’
Finance Minister AMA Muhith has blamed the Anti Corruption Commission (ACC) for the delay in the response to the World Bank’s report on the Padma bridge project saying he did not get the requisite documents from watchdog in time.
Don’t leave, increase prices: PM asks foreign buyers
Prime Minister Sheikh Hasina on Sunday urged the foreign buyers not to ignore Bangladesh’s RMG products, but raise the prices so that the factory owners could pay their workers more.
Failure to ensure safety standards can affect export: WB
World Bank (WB) country director for Bangladesh Johannes Zutt on Sunday said the failure of the government and the RMG factory owners in ensuring the safety standards in factories can largely affect the country’s overall export in the days to…
Iran stocks welcome partial election results
Iran’s stock exchange and currency markets reacted positively to early election results showing moderate candidate Hasan Rowhani taking a wide lead.
‘Bigger dev projects in transport, energy sectors needed’
Bigger development projects in the transport and energy sectors need to be prioritised by the government to have better results in the Annual Development Programmes (ADP) implementation, said World Bank (WB) senior economist Zahid Hussain on Sunday.
Banana farming profitable again in Jhalakathi
Farmers in Jhalakahiti are managing to turn Sidr-battered banana cultivation in the district into a profitable activity once again. After recovering from losses caused by the cyclonic storm, the farmers are now opting to cultivate the cost-effective fruit. The farmers…
MDG-1 Achievement: B’desh to be honored in Rome
Bangladesh will be honoured through a special event in Rome on Sunday in recognition of its achievement of target set in the United Nations Millennium Development Goal (MDG-1) by the end of 2012.
Titu elected 24th DSE president
In a major development in the country’s stock market, Ahsanul Islam Titu was elected as the 24th president of the Dhaka Stock Exchange (DSE) on Saturday.
BB Governor bats for sustainable development
Bangladesh Bank governor Dr Atiur Rahman on Saturday said success in fast-tracking poverty eradication and accelerating sustainable development will hinge on strong broad-based civil society engagement at country level and on heightened international support and cooperation at regional and global…
Fast Retailing to support women empowerment in B’desh
Fast Retailing Company Ltd on Saturday announced plans to empower women and challenge gender inequality in Bangladesh through two new initiatives — a US $1 million donation to the Asian University for Women, and a project to support girls’ soccer.
‘Impose 70pc tax on cigarettes; build Padma Bridge in 7 yrs’
The government can earn additional revenue of Tk 1,500 crore a year if it imposes 70 percent specific excise tax on all sorts of cigarettes and the Padma Bridge could be built within seven years with the additional revenues, said…
First-ever BD roadshow begins in India June 27
In a unique move to boost trade and investment with neighbouring India, Bangladesh is going to arrange a roadshow on ‘Investment opportunities in Bangladesh’ in India from June 27 to attract Indian businesses to investment here in joint ventures.
IBBL Khulna Zone business dev confce held
The Khunla Zone Business Development Conference-2013 of Islami Bank Bangladesh Limited (IBBL) was held in Jessore on Friday.
US announces safety grant for BD factories
The US has said it will provide grants to help improve safety standards in Bangladesh garment factories.
BGMEA asks: Remove cell towers from factory roofs
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) warned to stop providing services to the garments owners if they do not remove the mobile towers from the top of the factory buildings by June.
Boro rice procurement in progresst in Gaibandha
Boro rice procurement drives of food department has been progressing fast in the district since May 19 amid much enthusiasm to the millers. Office sources said the government has fixed a target to procure 23,619 tonnes of boiled rice and…
Asian markets rebound, led by Japan stocks
HONG KONG (MarketWatch) — Asian stocks rebounded Friday on eased worries about the Federal Reserve’s monetary policy and an improvement in U.S. economic data, with relief buying helping Japanese equities stage a rebound after Thursday’s hefty losses.
IBBL’s Shari’ah supervisory body meeting held
A meeting of the Shari’ah Supervisory Committee of Islami Bank Bangladesh Ltd (IBBL) was held at Islami Bank Tower in the city’s Motijheel on Thursday.
Bangladesh trade fair in Malaysia from Aug 15
ngladesh trade fair in KL to begin Aug 15 A three-day trade fair, titled ‘Trade in Bangladesh’, will be held in Kuala Lumpur, Malaysia from August 15, aiming to boost trade with Malaysia. Bangladesh Garment Manufacturers and Exporters Association (BGMEA)…
GDP growth in S Asia slipped to 4.8 pc in 2012: WB
The GDP growth in South Asia slipped to 4.8 percent in 2012, mainly reflecting a continued deceleration in India, slower growth in Sri Lanka and Bangladesh, and sluggish growth in Pakistan and Nepal.
9 banks failed to launch mobile banking service
Country’s banking sector touched new milestone in mobile banking services. Almost 53 lakhs subscribers are enjoying such type of facilities.
Boro procurement drive on in Southwest region
The government has started procuring 77,836 tonnes of Boro rice and 18,271 tonnes of paddy from 10 districts of the country’s south-western region during this Boro season. The Department of Food has been procuring Boro rice and paddy since May…