The inward remittance flow to the country in the first four months of the current fiscal marked a fall by 10.2 percent compared to the corresponding period of the previous fiscal. According to Foreign Exchange Policy Department of Bangladesh Bank…
Category: Economy
IPFF disburses US$ 20mn for power project
Investment Promotion and Financing Facility (IPFF) has disbursed US$ 20 million from its on-lending component to M/S Baraka Patenga Power Limited at Patenga in Chittagong.
95pc Nordic companies mull expanding business in BD: Survey
Around 95 percent Nordic companies doing business in Bangladesh are contemplating to increase their activities in the country in the coming three-year period, said a recent survey.
Remittance inflow to B’desh $799.6mn in 18 days of Oct ‘13
The inward remittance flow to the country during the first 18 days of the current month showed an encouraging sign, totaling US$ 799.60 million till October 18.
Social scrapbooking site Pinterest valued at $3.8bn
Social networking site Pinterest has seen its value jump by more than 50% to $3.8bn (£2.3bn) following its latest round of fundraising.
Muhith believes Cabinet Purchase body can sit until mid-Nov
Finance Minister AMA Muhith on Wednesday said that the government’s two highest policymaking bodies – Cabinet Purchase Committee and Cabinet Economic Affairs Committee – can hold their meetings until middle of November.
China offers 600mn RMB for dev projects in Bangladesh
China will provide 600 million RMB as development assistance for Bangladesh next year, Chinese Foreign Minister Wang Yi has said.
Onyx continues international expansion with first Dhaka hotel
Continuing its international expansion, Onyx Hospitality Group has announced plans to launch its first hotel in Bangladesh.
$500mn loan to help 4mn families
Bangladesh has signed a $ 500million loan agreement with the World Bank for a major safety net project that the global lender claims will benefit four million poorest households.
Japan to provide Tk 100cr loan for RMG sector safety
Japan International Cooperation Agency will provide Tk 100 crore in loan for improving the working environment in garment and knitwear industries of the country.
Banks, NBFIs urged to promote new entrepreneurs
President of Dhaka Chamber of Commerce and Industry (DCCI) M Sabur Khan on Thursday urged the banks and non-banking financial institutions (NBFIs) to come forward to help the new entrepreneurs.
IFC to help DCCI for creating new entrepreneurs
The International Finance Corporation (IFC) will help Dhaka Chamber of Commerce & Industry (DCCI) groom new entrepreneurs under its project of ‘creating 2000 new entrepreneurs’.
Sena Kalyan Insurance starts journey
A new insurance company ‘Sena Kalyan Insurance Company Limited’ started its journey on Tuesday.
Income tax return deadline now Oct 31
Dhaka: The National Board of Revenue (NBR) has extended the deadline for submitting income tax returns for 2013-2014 FY by one month up to October 31.
Sylhet Palli Bidyut office besieged for power
Dwellers of Shiber Char area in Sadar upazila on Friday besieged the local Palli Bidyut Samity office demanding an immediate end to power outages.
NY firm sees investment opportunity in garment factories
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.
Media Launch of Global Social Business Summit held
The media launch for the Global Social Business Summit 2013 slated for November 7-9 has recently took place in Kuala Lumpur of Malaysia.
Lending rate 12 percent for onion
Bangladesh Bank has fixed the lending rate ceiling for onion imports at 12 percent.
NBR earns Taka 77 lakh in Rajshahi tax fair
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.
Tax Fair ends with collection of over Tk 1117.43cr
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.
Tax fair collects Tk 8 bln
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.
DCCI urges Malaysian businessmen to invest in Bangladesh
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.
Padma Bridge independent consultant’s cost to rise 18.74pc
Communications Ministry has proposed to increase the contract value of the Padma Bridge project’s independent checking engineer (ICE) by Tk 2.0275 crore.
Moscow keen to invest in chemical, communication sectors
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.
German economic confidence up more than expected
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.
Govt inks protocol of cooperation with Aga Khan Deveopment Network
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.
WB country director meets Dhaka Wasa MD
World Bank country director Johannes Zutt called on managing director of Dhaka Wasa Taqsem A Khan at his office on Monday.
Tea farming becomes popular in changing Panchagarh economy
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 sales up
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.
Nat’l Income Tax Day to be observed today
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.