– Bangladesh Bank (BB) has set the SME (small and medium enterprises) loan disbursement target at Taka 1 lakh 13 thousand 503 crore and 43 lakh for 2016, which is higher by 8.52 percent from the target of 2015.Last year…
Tag: Business
Access to Clean Water and Job
Watersprint, the Sweden-based environmental technology company, has joined the Business Call to Action (BCtA) with a commitment to provide 50,000 people in Bangladesh with access to safe and clean drinking water by 2020. To support this effort, the company will…
No TICFA until GSP:Tofail
Commerce Minister Tofail Ahmed has told Parliament that the Trade and Investment Cooperation Framework Agreement (Ticfa) with the United States would not be effective until restoration of the Generalised System of Preferences (GSP) for Bangladesh.”The Ticfa will not be effective…
Sonali, Basic bank require time to regain position: Muhith
Finance Minister AMA Muhith on Wednesday said it will take time for state-owned Sonali Bank and Basic Bank to regain their previous positions in the banking sector as they have experienced several unpleasant incidents.“There’re some problems in these government-owned banks.…
GDP growth hit 6.55 pc in ‘14-15: Mustafa Kamal
The country’s GDP growth finally reached 6.55 per cent in the last fiscal year (2014-15), which is 0.04 per cent higher than the provisional GDP estimation of 6.51 percent, claimed planning minister AHM Mustafa Kamal.The minister said this while talking…
$30 million export orders at Dhaka International Trade Fair
The amount is more than twice the orders received in last year’s fair, which was somewhat paralysed by the BNP-led alliance’s violent protests.Commerce Minister Tofail Ahmed revealed the information at the closing ceremony on Sunday.Last year, Bangladeshi businesses received orders…
Integrated reporting, better governance benefits Islamic investors
Kuala Lumpur – 31 Jan: Islamic finance is complementary to and a major enabler of making responsible investing more ubiquitous across emerging markets – and Asia is leading the way – but integrated reporting and governance remains gap for many…
World Trade Centre in Chittagong makes dream come true
Dhaka – Prime Minister Sheikh Hasina on Saturday opened the country’s first World Trade Centre (WTC) in Agrabad area of the port city of Chittagong, 300 kilometres southeast of Dhaka, aiming to make business much easier. With the opening of…
The death of a British icon
It is a vehicle that enjoys as much affection as other motoring icons, like the VW Beetle, the Ford Mustang or the original Mini — but this week, Land Rover is finally turning off the production line for the Defender,…
Bank of Japan stuns markets
The Bank of Japan unexpectedly cut a benchmark interest rate below zero on Friday, stunning investors with another bold move to revive the economy as volatile markets and slowing global growth threaten its efforts to beat deflation.Asian shares jumped, the…
Ekushey Book Fair will be covered by CC camera
Cultural affairs minister Asaduzzaman Noor today said a stringent security vigil would be enforced at Bangla Academy and adjacent areas with installation of close circuit cameras and deployment of law enforcement agencies during the month-long Ekushey Book Fair.
Yunus Visits Social Business City of Barcelona & FC Barcelona
Nobel Laureate Professor Muhammad Yunus was invited by the Futbol Club Barcelona to visit the FCB Stadium and Museum during his stay in Barcelona on 26-27 January.
Canadian ‘Second Cup Coffee’ opens in BD
Canadian top coffee maker Second Cup has begun its journey in Bangladesh’s “growing” coffee market.The global brand opened an outlet at Banani in the capital Dhaka on Monday, announcing they will open more such outlets in Uttara, Gulshan, and Dhanmondi.Canadian…
No confidence in capital market
Investors do not have confidence in the capital market since the market crash five years ago, in 2010. It is still a loss of capital market, with no dividends on investments in large and small companies. As a result, there…
Yunus meets Canada Premier Justin Trudeau
Nobel Laureate Professor Muhammad Yunus was invited to a reception hosted by Canadian PM Justin Trudeau to have a meeting with the Prime Minister.
PM urges to invest in what she terms new Bangladesh
Prime minister Sheikh Hasina on Sunday reassured all the local and foreign investors of her government’s highest level of commitment to quickly facilitate their pragmatic proposals and simplification of investment procedure so that they can make the best use of…
Oil market to remain oversupplied in 2016
Unseasonably warm weather and rising supply will keep the crude oil market oversupplied until at least late 2016, the International Energy Agency said in its monthly report on Tuesday.Warm winter weather around the world cut global oil demand growth to…
Iran’s return risks more price pressure
Iran’s intention to significantly increase oil output after the lifting of international sanctions risks more pressure on crude prices already at 12-year lows, according to analysts.Oil prices tumbled by more than 30 per cent last year and have slumped by…
Oil slides to lowest since 2003
Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions against the country at the weekend.The UN nuclear watchdog on Saturday said Tehran had met its…
Businessman Nur Mohammed remanded over cocaine seizure
A court here on Sunday placed Nur Mohammad, chairman of Khan Jahan Ali Group, on a three-day remand in a case filed in connection with the seizure of liquid cocaine at Chittagong Port on June 8 last year.Chittagong Metropolitan Magistrate…
Banks should be out of politics: Salehuddin Ahmed
A former governor of Bangladesh Bank has said banking sector reforms will not be beneficial unless banks are freed of political influence and pressure.Former central bank governor Salehuddin Ahmed made the comment at a roundtable on ‘banking sector reforms and…
Malaysian CM,Dr Zambry & Dr. Yunus have signed MOU on Social Business
Chief Minister of Malaysian State of Perak, Dr Zambry bin Abdul Kadir visited Yunus Centre today to meet and have discussions with Nobel Laureate Professor Muhammad Yunus together with a 46-member delegation.
Macro financial, price stability aim of monetary policy: Dr. Atiur Rahman
In 2015, the economy and the financial system made good progress.Despite some initial challenges, we achieved a respectable growth of 6.5 percent, and macro-financial and price stability, reaching the milestone of a lower-middle income country status. Since the last MPS,prices…
Oil settles slightly higher, snapping 7-session drop
U.S. oil futures settled higher on Wednesday for the first time in eight sessions, but the move lacked conviction as U.S. government data showed that supplies of crude and crude products climbed last week and analysts continued to weigh the…
Oil deeps below $30
Oil fell briefly below $30 a barrel on Tuesday, extending a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint.The day’s near 4 percent…
China forex regulator says will ramp up risk control efforts
China’s foreign exchange regulator said on Saturday it will ramp up risk control efforts, push ahead with regulatory reforms and look to accelerate the development of the country’s foreign exchange market in 2016.The State Administration of Foreign Exchange (SAFE) made…
Iraq bans poultry from Bangladesh
Iraq has extended a ban on imports of frozen and live poultry products to cover two dozen countries, including Bangladesh and China, the government said on Sunday.Baghdad last month restricted poultry imports from France, where an outbreak of avian flu…
Amu asks to relocate tanneries in 72 hours
The government will shut down the tanneries in the capital’s Hazaribagh area if their owners fail to relocate those to Savar Tannery Estate within 72 hours.Industries Minister Amir Hossain Amu instructed the Bangladesh Small and Cottage Industry Corporation (BSCIC) to…
Oil down 10% after 5 day drop
Oil fell for a fifth straight day on Friday, losing 10 percent on the week, and Goldman Sachs said more losses were needed to force producers to cut supplies adequately to balance the glut and bleak demand outlook in the…
Volatile markets in an uncertain world
Recent market volatility is neither entirely warranted nor unexpected. In China, it reflects a confluence of forces; but in the US and internationally, it is fueled by international worries.On Monday, January 4, China’s A-shares plunged by about 7%, whereas the…