Category: Finance

The national budget for the fiscal year 2013-2014 will be placed before the parliament on June 6.  

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.

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.

Centre for Policy Dialogue (CPD) on Monday observed that the continuation of the current political unrest will leave an unfavourable footprint on economic performance over the 2013-14 fiscal. The observation came in a CPD report on macroeconomic performances in the…

The budget session of the ninth parliament will begin Monday and the opposition BNP has decided to join the session ending their long boycott.

As scandals keep on unfolding, the National Board of Revenue (NBR) appears to scrutinise the tax files of some rich cricketers, both the present and former ones, to ascertain the sources of their ‘hefty’ money.

The government’s plan to keep 7.2 percent GDP (gross domestic product) growth target in the coming budget will be an ‘over ambitious’ given the external and internal situation, especially political uncertainty, said economists.

Farmers in Sirajganj district are not getting the reasonable price for Boro paddy much to their frustration.

Further splintering the global fashion industry’s response to the tragedies in Bangladesh’s apparel industry, Wal-Mart, Gap announced they’ll be pursuing their own, independent safety reform plan.

The Japan International Cooperation Agency (JICA) will provide Tk 1 billion loan to Bangladesh Bank for the development of country’s garments sector.

The UAE-Bangladesh Investment Company Limited on Thursday handed over cash dividend worth Tk 49 lakh and bonus shares worth Tk 13.90 crore to Finance Minister AMA Muhith for the 2012 calendar year against the government’s stake in the company.

Bangladesh Bank governor Dr Atiur Rahman on Saturday said the growth of country’s economy remained in the same position in the last two decades.

A United Nations economic forecast said on Thursday that UN sees slow global economic growth for the rest of this year.

Bangladeshi entrepreneurs on Wednesday invited Malaysian investment in the prospective areas like leather, leather-goods, energy, food processing, gas-run factories and telecommunications.

The World Bank (WB) will propose to Bangladesh within 7-10 days regarding financial and technical assistance for construction of garment industrial park.

The Unnayan Onneshan, an independent think-tank, has stated that exigent policies are needed for the economic recovery as policy-induced macroeconomic challenges loom large this year.

The performance of the economy in the fiscal year 2013 will critically hinge on how the political challenges are addressed, International Chamber of Commerce, Bangladesh (ICC,B) observed in its 18th annual council held here on Saturday.

International Monetary Fund officials say they are watching carefully for signs that massive flows of cash unleashed in world markets by unprecedented monetary easing might lead to asset bubbles, or to overheating in some emerging markets.

Indian High Commissioner in Dhaka Pankaj Saran on Wednesday handed over the second tranche of US$50 million out of the $200 million grant committed to Bangladesh by the government of India last year. 

Foreign exchange reserves of Bangladesh reached 15.06 billion US dollars breaking all the previous record.

The general point-to-point inflation rate in April increased slightly as it notched 8.37 percent posting a rise of 0.66 percent from that of March this year as per the base year 2005-06.

Inward remittance in April witnessed a declining trend as it reached US$ 1,030.95 million compared to $ 1,229.36 million fetched in March this year.

An industry group says manufacturing growth in China slipped in April as exports continued to decline, raising questions about the strength of recovery in the world’s second-biggest economy.

The foreign aid flow to Bangladesh was much better during the first three quarters (July-March) of the current fiscal (2012-13) as it totalled US$1,863.02 million against US$1,410.96 million during the corresponding period of the last year.

Unnayan Onneshan, an independent multidisciplinary think-tank, in its current issue of the Bangladesh Economic Update projected the country’s GDP growth rate to be 5.75 percent in the current fiscal year against the government target of 7.2 percent.

President of Dhaka Chamber of Commerce and Industry (DCCI) M Sabur Khan has urged the Bangladeshi businessmen in Qatar to invest in their homeland in prospective areas like IT, hotel and tourism sectors.