Fisheries and Livestock Minister Abdul Latif Biswas on Wednesday told Parliament that hilsa accounts for some 11 percent of Bangladesh’s total fish production.
Category: Business
KAFCO suffers Tk6 cr loss for gas crisis each day
Frequent suspensions of gas supply to Karnaphuli Fertiliser Company Limited (KAFCO) in Chittagong continue to make a sharp dent in its income.
BOSCH Dhaka office opens
German engineering company Bosch inaugurated its office in Dhaka on Tuesday to consolidate its last two decades presence in Bangladesh through local distributors.
EU is keen to work for RMG Sector: Envoy
European Union Ambassador to Bangladesh William Hanna on Tuesday said the EU is keen on working together with Bangladesh to ‘avoid problems’ in the readymade garment (RMG) sector, but not thinking about having any sanction.
Provide money after rescheduling classified loan: CCCI
President of the Chittagong Chamber of Commerce and Industry (CCCI) Mahbubul Alam on Tuesday urged the Chairman of the Association of Bankers Bangladesh (ABB) to provide money after rescheduling classified loan to assist parties so that they can overcome their…
Azerbaijan is keen to bolster economic ties with Dhaka
Azerbaijan is keen to bolster economic ties with Bangladesh through forming a ‘Business Forum’ between the two countries.
WB says Dhaka;l can construct Padma Bridge with own fund
World Bank (WB) country director Johannes Zutt said the Bangladesh government can construct the much-talked-about Padma Bridge with its own fund.
Poultry farming boosts Netrakona rural economy
Poultry farming has given a significant boost to the rural economy with more than 2,500 big, medium and small sized poultry farms. It also created job opportunities for hundreds of unemployed people in Netrakona district. Officials of the district livestock…
DHL-NRB Commercial Bank sign deal
DHL, world’s leading express and logistics company, has recently signed an agreement with NRB Commercial Bank Limited to provide international express delivery to the bank and its customers.
IBBL orientation for RDS officers held in city
A daylong orientation programme for Rural Development Scheme (RDS) field officers of Islami Bank Bangladesh Limited (IBBL) was held in the city on Monday.
Drop move to raise newsprint import duty: Editors’ Council
Editors Council on Sunday demanded that the government withdraw the budgetary proposal to increase duty on newsprint import.
Waiver of tax on stock face value proposed
Finance Minister AMA Muhith proposed waiver of the 3 percent tax on the premium over the face value of shares of a company in the stock market.
Price cut proposed for old cars
The government has proposed to cut import duty on reconditioned cars that are at least four years old by Tk 60,000 to Tk 1 lakh in the next fiscal.
Mixed reactions to budget in Sylhet
Announced national budget created mixed reactions in Sylhet, as proposed budget may ‘widen rich-poor gap’ and create frustrations among the investors. Most leaders of the business community and professional organisations termed the proposed new budget “over-ambitious and not pro-people” and…
FBCCI finds budget realistic, not ambitious
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Saturday termed the proposed budget realistic but not ambitious contradicting the Finance Minister.
‘Use Wal-Mart fortune to stop worker deaths’
The multi-million dollar dog and pony show that is Wal-Mart’s Annual Meeting started off on its usual celebratory note on Friday morning with 14,000 workers and shareholders cheering and whooping along with host Hugh Jackman, the Hollywood star, and musical…
Biman to operate domestic flights from Nov
Civil Aviation and Tourism Minister Faruk Khan on Saturday said Biman Bangladesh Airlines, the national flag carrier, will start carrying passengers on domestic routes from November next.
Primark begins compensating for Savar Tragedy
Primark started the process of paying compensation to thousands of workers and their families who were involved in the Rana Plaza factory disaster, as campaigners said retailers must do more to protect workers` rights.
WB launches Bangladesh Enterprise Survey 2013
The World Bank has launched the Enterprise Survey in Bangladesh to assess the business environment and investment climate barriers that limit economic growth.
12 state-owned enterprises given Tk 1,381cr in subsidy
The government has provided subsidy to the tune of Tk 1,381.83 crore to 12 state-owned enterprises in the outgoing fiscal year (2012-13).
RAKUB marks success in developing agriculture
The Rajshahi Krishi Unnayan Bank (RAKUB) has become successful in developing lot of the farmers by assisting them in enhancing agricultural output, speakers said here on Thursday. They were addressing a views-exchange meeting organised by Rangpur Zonal Office of RAKUB…
Reconditioned cars back to year-based depreciation
The price of reconditioned vehicles would be cheaper, or costlier, depending on the age of the vehicle with the government going back to the year-based depreciation system.
Black Money: No tangible result, yet gets patting
Despite criticisms by various quarters, the government wants to continue with the provision allowing undisclosed money in some specific areas in addition to buying plots and flats.
FBCCI calls budget trade, investment-friendly
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has termed the proposed budget for the fiscal year 2013-2014 as ‘trade and investment-friendly’ budget.
‘Budget political in nature, poses challenge’
Noting that the major challenge for the government will be to implement the ambitious budget, renowned economist Dr Mustafa Kamal Mujeri on Thursday said the government should give more attention towards improving its implementation capacity to have better outcomes.
Budget to be placed today
The national budget for the fiscal year 2013-2014 will be placed before the parliament on June 6.
$198mn ADB loan for regional highway, land ports
The Asian Development Bank (ADB) will give US$ 198 million in loan to help upgrade a critical regional highway and two land ports in Bangladesh for boosting connectivity and trade across South Asia.
9 projects involving Tk 7,331 crore okayed
The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved nine projects involving Tk 7,331 crore including construction of Bibiyana-III 400 megawatt combined cycle power plant project at a cost of Tk 3,358 crore.
Unrest hampers cross-border trade
The recent political unrests in Bangladesh have led to a bad year for border trade with Myanmar, according to local merchants.
Tk 900cr long-term govt investment for capital market
The government will invest Tk 900 crore in the capital market in an effort to boost it and will take the investment back with interest on a long-term basis, Dhaka Stocks Exchange (DSE) President M Rakibur Rahman said here on…