Category: Finance

Dwellers of Shiber Char area in Sadar upazila on Friday besieged the local Palli Bidyut Samity office demanding an immediate end to power outages.

By Jessica Wohl Outdated, poorly managed factories can be fixed in ways that help workers, the environment and socially conscious investors willing to provide the funding, according to a new firm that plans to invest in Bangladesh and elsewhere.

The media launch for the Global Social Business Summit 2013 slated for November 7-9 has recently took place in Kuala Lumpur of Malaysia.

Bangladesh Bank has fixed the lending rate ceiling for onion imports at 12 percent.

Income tax of more than Taka 77 crore was collected in a weeklong Tax Fair-2013 that concluded formally on Jafar Imam Tennis Complex here yesterday.

Dhaka – The seven-day Income Tax Fair, arranged to motivate people to pay taxes regularly, ended on Sunday posting a collection of Tk 1117.43 crore from taxpayers.

The government has collected around Tk 8 billion in taxes from across Bangladesh in the six days of the week-long Income Tax Fair 2013.

Dhaka Chamber of Commerce and Industry (DCCI) President M Sabur Khan, now in Kuala Lumpur, has invited the Malaysian businessmen to invest in Bangladesh, especially in the power, energy and infrastructure sectors.  

Communications Ministry has proposed to increase the contract value of the Padma Bridge project’s independent checking engineer (ICE) by Tk 2.0275 crore.  

Visiting Russian Deputy Minister of Industries and Trade Yuri Slyusar on Tuesday said Russian businessmen are interested to invest in pharmaceuticals, communication and other infrastructure sector in Bangladesh.

A German index of economic optimism among investment professionals rose more than expected in September, underlining stronger growth prospects for Europe’s largest economy and for the euro currency union as a whole.  

Bangladesh government and Aga Khan Development Network (AKDN) on Monday signed a protocol of cooperation for development in different fields including education, health, economy and environment.

World Bank country director Johannes Zutt called on managing director of Dhaka Wasa Taqsem A Khan at his office on Monday.

Commercial tea farming has already become popular bringing fortunes to hundreds of farmers and huge socioeconomic change through alleviating poverty in Panchagarh in recent years.

Savings certificates worth around Tk 6.25 billion has been sold in the first month of the current fiscal — nearly the amount sold in the whole of 2012-13 fiscal.

The National Income Tax Day will be observed in the country on Sunday, aiming to create mass awareness about income tax and encourage people to pay tax regularly.

Switzerland’s ABB Group sees ‘good’ business opportunity in Bangladesh as the economy grows despite the country’s volatile politics.

Dhaka: Bangladesh ranked 110th in the World Economic Forum (WEF) capability index in  2013-14 improving eight steps from last year’s standing.

An all-time record amount of government revenue amounting to Taka 22.4.48 crore, four times higher than the fixed target, has been collected at Hili Land Port (HLP) during the just ended 2012-2013 fiscal year.

The inward remittance to Bangladesh during the last month of August totaled US$ 1,008.20 million, down from $ 1,238.96 million in July.

Farmers of the district are so much happy to buy urea fertilizer at a cheaper rate to produce their high value agriculture crops including rice during the current season.

Bangladesh will seek major support from the World Bank for the power and energy sector in its meeting with the Washington-based multilateral donor agency next month.  

Finance Minister AMA Muhith on Sunday stressed the importance of an integrated approach of microfinance in the coming days to have a greater impact on poverty reduction.  

Bangladesh needs to ensure infrastructure development, energy and power security and most importantly a stable political environment to attract both domestic and foreign investments, business leaders told a discussion here on Saturday.

Bangladesh has been able to maintain a huge surplus in foreign transactions due to drop in food import bill and contribution of increasing foreign aids and record remittances to foreign exchange earnings.

A tripartite Memorandum of Understanding (MoU) was signed on Thursday for running the Tk-900 crore refinance scheme for helping the small investors hit hard by the 2011 capital market debacle.

Non-Bank Financial Institutions (NBFIs) in Bangladesh have achieved impressive growth in recent years reflecting the process of financial innovation and holding the promise of deepening financial intermediation in long term financing needs.

Agriculture Extension Department (AED) is expecting over 35,140 tonnes of summer vegetables will be produced in three upazilas of the district during the current season.

A total of 2,479 beneficiaries, who worked for five years under a project, got their savings money from the Local Government Engineering Department (LGED) here recently.