Finance Minister AMA Muhith on Tuesday said the government has sought budget support from the World Bank citing its outstanding overall economic performances. The Finance Minister made the request when visiting World Bank Vice President for South Asia Philippe Le…
The Asian Development Bank (ADB) on Tuesday projected that Bangladesh may achieve 5.6 percent GDP growth in the current fiscal against the government’s target of 7.2 percent. However, the Finance Minister during a half yearly statement on the economy revised…
Commercial farming of onion-seed is gradually being expanded everywhere in the region including its high Barind tracts side by side with onion in the wake of gradual rising of its demands.
The Asian Development Bank (ADB) has offered its assistance for Bangladesh to set up a deep seaport in the Bay of Bengal. “We’re working on the Dhaka-Chittagong Highway. We’ll work on seaport…deep seaport in the future,” ADB director general Juan…
Rupali Insurance, Social Islami Bank Limited, Beach Hatchery, and Mercantile Bank have recommended cash and stock dividends for the year ended on December 31, 2013. The Board of Directors of Rupali Insurance has recommended 10 per cent cash dividend and…
Political stability and the rule of law are essential for investment that can fuel economic growth, former caretaker government adviser AB Mirza Azizul Islam said on Saturday. “Investment will grow only when the political environment is peaceful,” he told a…
Finance Minister AMA Muhith on Monday hoped that the general point-to-point inflation rate by June this year would stand at 7.0 percent, down from 7.53 percent in December last year. He said he based his optimism on the normalization of…
Japan will provide 120 billion Yen – equivalent to US$1.18 billion – to Bangladesh under the Official Development Assistance, a spokesperson accompanying the visiting Japanese foreign minister said on Saturday.
Dr. Atiur Rahman, governor of Bangladesh Bank (BB), has had fruitful meeting with Seiji Kihara, vice minister of Ministry of Foreign Affairs (MOFA) of Japan. The Japanese vice minister appreciated BB’s proactive role in resolving issues raised by Japanese investors…
Industries Minister Amir Hossain Amu on Tuesday said emphasis will be given on an industry -and investment-friendly tax structure in the upcoming budget to encourage local industrial production. He made the remarks while talking to reporters after a meeting with…
Fisheries and Livestock Minister M Sayedul Haq on Tuesday said the ban on hilsa export will be lifted only when the local demand is met. The minister said this when he was asked to clear government’s position about the proposal…
The Chairman of Bangladesh’s National Board of Revenue (NBR), Ghulam Hussain, has indicated that the Government plans to reduce corporate income tax rates with effect from the next fiscal year, which starts on July 1, 2014. The highest corporate tax…
Minister for Finance AMA Muhith on Wednesday told Parliament that the current political situation in the country and ongoing global economic recesses have fallen direct and negative impacts on realising of government revenue, investment, import and export trade. “Resulting in…
The National Board of Revenue (NBR) has slashed revenue target by 8.08 percent from the projected figure of the 2013-14 fiscal. The revenue target was Tk 1,360 billion for the current fiscal.
Bangladesh Tea Association (BTA) on Monday demanded the government reinstate 20 per cent supplementary duty, imposed earlier on imported tea, to safeguard the local tea producers and protect them from uneven competition. BTA leaders, led by its chairman M Safwan…
The World Bank Board has approved $600 million for Bangladesh to improve the country’s “quality” of power supply in rural areas. The funds would be used in the Rural Electricity Transmission and Distribution Project “to reduce system losses and enhance…
Finance Minister AMA Muhith on Thursday said in Parliament that the government has no plan right now to cut interest rate of agriculture credit. “Right now, there’s no plan to reduce interest rate of agriculture credit,” he said while responding…
Prime Minister Sheikh Hasina on Wednesday expressed her optimism that the GDP growth in the current fiscal year would hit 6.5 percent and even more although the World Bank apprehended that it might come down to 5.7 percent due to…
The government has signed a $265 million ‘additional’ financing agreement with the World Bank for an ongoing secondary education project. The global lender said financing the “Secondary Education Quality and Access Enhancement Project” would help 4.5 million poor rural children…
The farmers are expecting bumper production of tobacco as the ‘harmful cash crop’ grows excellent amid favourable climatic condition now in Rangpur Agriculture Region, farmers and officials said.
Financial leaders from the 20 biggest economies have set a goal of generating $2 trillion (£1.2 trillion) in extra output over the next five years. During that period they aim to boost the gross domestic product of G20 countries by…
The country’s foreign currency reserve hit a record high US$ 19-billion mark on Wednesday. The forex reserve now stands at US$ 19048.09 million which is enough to meet import expenditures of the next six months, according to a central bank…
Dhaka – Finance Minister AMA Muhith on Monday described as a great achievement Bangladesh’s coming out of the gray list of Terrorism Financing of the Financial Action Task Force (FATF). “This has been a great achievement for Bangladesh to come…
RDRS Bangladesh, a reputed NGO, distributed 7,894 pieces of quality blankets among the cold-hit poor and distressed people including women and children, of all eight districts in Rangpur division during this winter season.
Bangladesh Bank governor Dr Atiur Rahman on Wednesday stressed the need for formulating a gender-sensitive, and environment -and development-friendly national budget. “A budget is very important for our nation, family and personal life. The national budget should be gender-sensitive, and…
The government is constructing 158 new godowns across the country with a view to preserving another 1.05 lakh metric tons of food. Food Minister Quamrul Islam on Tuesday stated this in Parliament, replying to a starred question of Enamul Haque…
International Development Association (IDA), the World Bank’s concessionary arm, will provide US$ 535 million for strengthening delivery of urban services and quality of higher education in the country. Mohammad Mejbahuddin, Secretary of Economic Relations Division and Johannes Zutt, World Bank…
Industries Minister Amir Hossain Amu on Friday said the economy of Bangladesh is more self-contained than that of India. “In terms of economy, our country is more self-dependent than India. It’s recognised in the world that our country is self-sufficient…
A total of 100 sewing machines distributed free of cost among 100 freedom fighter families in six upazila of the district on Tuesday.
By Paul Craig Roberts January 29, 2014 “Information Clearing House – Last week, I explained how economists and policymakers destroyed our economy for the sake of short-term corporate profits from jobs offshoring and financial deregulation. That same week Business Week…