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…
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…
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…
Unnayan Onneshan, an independent multidisciplinary think-tank, projected that the real rate of growth in GDP in the current fiscal year may decline to 5.65 percent. The research organization in its current issue of the Bangladesh Economic Update on Monetary Policy…
Deputy Governor of Bangladesh Bank (BB) SK Sur Chowdhury distributed cheques of about Taka one crore as agriculture loan among 109 male and female framers of Uttam area at a farmers’ rally here on Friday.
Industries Minister Amir Hossain Amu on Friday said the government would work to achieve self-sufficiency in producing import substitute products through expanding industrialisation at the grassroots level. “Achieving self-sufficiency in producing import-substitute products is one of the major goals of…
Finance Minister AMA Muhith on Wednesday said that the government would give an outline of its objectives for the next five years in the coming national budget for fiscal 2014-15. Decentralization of power and devolution of government would be the…
Dhaka – In a bid to boost agricultural production and increase income of the countries rural farmers, an initiative has been taken to impart training to around 10 lakh male and female farmers on integrated farm management to create employment…
Rajshahi Krishi Unnayan Bank (RAKUB) Joypurhat region has distributed over Taka 42.63 crore as agricultural loans among 5,978 farmers of the district during the first six months of the current fiscal through its 15 branches.
Dhaka – The government on Wednesday identified six projects as the fast track ones and directed the authorities concerned to implement those on priority basis. The projects were identified at the first meeting of the reconstituted Fast Tract Project Monitoring…
Collection of land revenue in the district has increased by Tk 9 crore to Tk 78.90 crore in 2013 compared to the previous year. Sources at the Barisal district Land Revenue and Land Registration offices said Tk 69.5 crore revenue…