Tag: finance

Nearing the end of its term, the government is borrowing more and more from scheduled banks.

The Board of Investment Scrutiny Committee for approval of foreign loan/supplier’s credit on Tuesday cleared borrowing of US$ 154 million foreign loan against 15 private sector projects.

For long, Rajshahi is nationwide famous, especially for its tasty and delicious fruit mango that attracts people from allover the country every summer. Every year, acreage, number of trees and mango production is mounting. However, unfortunately, not a single mango-processing…

The US has said it will provide grants to help improve safety standards in Bangladesh garment factories.

Boro rice procurement drives of food department has been progressing fast in the district since May 19 amid much enthusiasm to the millers. Office sources said the government has fixed a target to procure 23,619 tonnes of boiled rice and…

The GDP growth in South Asia slipped to 4.8 percent in 2012, mainly reflecting a continued deceleration in India, slower growth in Sri Lanka and Bangladesh, and sluggish growth in Pakistan and Nepal.

The government has started procuring 77,836 tonnes of Boro rice and 18,271 tonnes of paddy from 10 districts of the country’s south-western region during this Boro season. The Department of Food has been procuring Boro rice and paddy since May…

Azerbaijan is keen to bolster economic ties with Bangladesh through forming a ‘Business Forum’ between the two countries.

Poultry farming has given a significant boost to the rural economy with more than 2,500 big, medium and small sized poultry farms. It also created job opportunities for hundreds of unemployed people in Netrakona district. Officials of the district livestock…

Announced national budget created mixed reactions in Sylhet, as proposed budget may ‘widen rich-poor gap’ and create frustrations among the investors. Most  leaders of the business community and professional organisations termed the proposed new budget “over-ambitious and not pro-people” and…

The government has provided subsidy to the tune of Tk 1,381.83 crore to 12 state-owned enterprises in the outgoing fiscal year (2012-13).

The price of reconditioned vehicles would be cheaper, or costlier, depending on the age of the vehicle with the government going back to the year-based depreciation system.

Despite criticisms by various quarters, the government wants to continue with the provision allowing undisclosed money in some specific areas in addition to buying plots and flats.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has termed the proposed budget for the fiscal year 2013-2014 as ‘trade and investment-friendly’ budget.

Noting that the major challenge for the government will be to implement the ambitious budget, renowned economist Dr Mustafa Kamal Mujeri on Thursday said the government should give more attention towards improving its implementation capacity to have better outcomes.

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.