The next national budget should be more result-oriented and flexible with a view to increasing its benefit to more people and also focus on improving the investment environment to attract more investment, according to a leading economist of the country.
Moody’s Investors Service has said Bangladesh’s Ba3 rating and stable outlook reflect Moody’s assessment of four factors—its ‘low’ economic, institutional and government financial strengths, as well as its ‘low’ susceptibility to risks from financial, economic and political events.
Acting Speaker M Shawkat Ali on Wednesday stressed the need for formulating the national budget in light with the need for the common people to ensure public welfare.
Bangladesh Petroleum Corporation (BPC) has sought compensation of about Tk 12 crore from the Power Development Board (PDB) for not receiving fuel as per its requisition.
Speakers at a seminar have asked the government to reconsider the VAT Act 2012 as the poor in general are being forced to pay VAT and taxes upon every item they buy from the market. They underscored the need for…
The country’s GDP growth in the current fiscal will plunge to 5.8 percent for lack of growth in export, domestic consumption and investment, claimed a World Bank (WB) report launched here on Saturday.
Putting utmost importance to implementation of the budget, former Bangladesh Bank Governor Dr Salehuddin Ahmed said the next budget would have to be pragmatic and should focus more on domestic resource mobilisation and attracting Foreign Direct Investment.
The Board of Investment scrutiny committee for approval of private sector foreign borrowing on Tuesday cleared the borrowing of US$ 297 million foreign loan against 15 private sector projects.
Dhaka Chamber of Commerce and Industry (DCCI) on Sunday urged Foreign Minister Dr Dipu Moni to take initiatives for making Bangladesh missions abroad more effective and vibrant for expanding the country’s export market and boosting export volume.
Citing looming uncertainties in the country’s political scenario, Finance Minister AMA Muhith on Sunday expressed his doubt about reaching the GDP growth target of 7.2 percent in the current fiscal year (2012-13).
A court here on Thursday placed Akbar Hossain Sumon, Treasurer of Destiny Multi-purpose Cooperative Society, on a weeklong remand in connection with two money laundering cases.
The chairmen of Parliamentary Standing Committees at a pre-budget meeting on Wednesday suggested increasing budgetary allocations for power, communications and local government in the upcoming budget for fiscal 2013-14.
International Monetary Fund said unrest in recent months in Bangladesh is affecting economic activity of the country.
The government is going to undertake the first phase for setting up Rooppur Nuclear Power Plant with a view to accomplish the indispensable preparatory construction works at Rooppur in Ishurdi upazila of Pabna district.
Passengers will lose 80 percent of the total ticket fare each from now on if they miss any flight of Biman Bangladesh Airlines (BBA).
TheMaldiveshas expressed interest to hire doctors and import medicines fromBangladesh.
Mahbub Alam and Alhaj M Nurun Nawaz have been elected president and senior vice president of Chittagong Chamber of Commerce Industry (CCCI) for the 2013-2014 tenure.
Some 34 of the 54 Ministries and Divisions witnessed lower actual or physical progress compared to the actual national average implementation rate of 91 percent in the Revised Annual Development Program (RADP) of the last fiscal year (2011-12).
The government and the World Bank on Saturday jointly completed a portfolio review of selected World Bank-supported operations inBangladeshto further enhance project implementation and disbursement rates.
The perpetrators of the Hall-Mark Group loan scam should be punished for their forgery and corruption, and an administrator may be appointed to the group, if necessary, for carrying out its operations.
Finance Minister AMA Muhith on Saturday said he would come up with a clear outline within a week on implementation of the multibillion-dollarPadmaBridgeproject with the government’s own resources.
Finance Minister AMA Muhith on Thursday hoped that the investment flow into the country would be a bit higher this fiscal despite various difficulties and attempts to create awkward situations.
All the land ports of the country will remain open on weekly holidays (Fridays and Saturdays) until issuance of further order for keeping the export-import activities uninterrupted.
The World Bank (WB) is interested in a multibillion-dollar investment for increasing the earthquake resilience of infrastructures in Bangladesh in the coming years, said WB acting head of its country office here Christine E Kimes on Thursday.
Share prices at the country’s both bourses—Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) –- witnessed substantial fall as the turnover plunged to record low on Wednesday.
Chinamay wrest power projects away fromIndiainSri LankaandBangladesh, thwarting its bid to exert economic and strategic influence in the neighbourhood by developing infrastructure.
Stocks closed lower on Wall Street Thursday after Oracle’s weak sales results weighed down big U.S. technology companies. Traders also worried about Cyprus running out of time to avoid bankruptcy.
A daylong seminar on ‘Micro, Small and Medium Enterprises’ (MSME) will be held at the CIRDAP auditorium here Saturday seeking to build a strong tie between the two friendly countries in the specialised sector.
Appreciating the SME sector’s growing role in the Bangladesh’s economy, Indian Deputy High Commissioner Sandeep Chakravorty on Thursday said small interventions in terms of technology and capital can give a big boost to productivity and profitability of the sector.
The implementation progress of the Annual Development Programme (ADP) in the first eight months (July-Feb) of the current fiscal (2012-13) reached 44 percent, 6 percent higher than the rate achieved during the corresponding period of the previous fiscal (2011-12).