Tag: finance

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.

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.

Switzerland’s ABB Group sees ‘good’ business opportunity in Bangladesh as the economy grows despite the country’s volatile politics.

Dhaka: Bangladesh ranked 110th in the World Economic Forum (WEF) capability index in  2013-14 improving eight steps from last year’s standing.

An all-time record amount of government revenue amounting to Taka 22.4.48 crore, four times higher than the fixed target, has been collected at Hili Land Port (HLP) during the just ended 2012-2013 fiscal year.

The inward remittance to Bangladesh during the last month of August totaled US$ 1,008.20 million, down from $ 1,238.96 million in July.

Farmers of the district are so much happy to buy urea fertilizer at a cheaper rate to produce their high value agriculture crops including rice during the current season.

Bangladesh will seek major support from the World Bank for the power and energy sector in its meeting with the Washington-based multilateral donor agency next month.  

Finance Minister AMA Muhith on Sunday stressed the importance of an integrated approach of microfinance in the coming days to have a greater impact on poverty reduction.  

Bangladesh needs to ensure infrastructure development, energy and power security and most importantly a stable political environment to attract both domestic and foreign investments, business leaders told a discussion here on Saturday.

Bangladesh has been able to maintain a huge surplus in foreign transactions due to drop in food import bill and contribution of increasing foreign aids and record remittances to foreign exchange earnings.

A tripartite Memorandum of Understanding (MoU) was signed on Thursday for running the Tk-900 crore refinance scheme for helping the small investors hit hard by the 2011 capital market debacle.

Non-Bank Financial Institutions (NBFIs) in Bangladesh have achieved impressive growth in recent years reflecting the process of financial innovation and holding the promise of deepening financial intermediation in long term financing needs.

Agriculture Extension Department (AED) is expecting over 35,140 tonnes of summer vegetables will be produced in three upazilas of the district during the current season.

A total of 2,479 beneficiaries, who worked for five years under a project, got their savings money from the Local Government Engineering Department (LGED) here recently.

The 7th Social Business Design Lab took place at Yunus Centre here on Saturday with a vow to translate the social business plans into reality as soon as possible.  

The country’s foreign currency reserve has hit the all-time high US$ 16-billion mark on the back of steady remittance growth and slowing imports, especially that of raw materials.  

The overall point-to-point inflation rate in the first month of the current fiscal year witnessed a downward trend as it dropped by 0.20 percentage points to 7.85 percent in July thanks to the declining tendency of both food and non-food…

The historic state-owned Muslin Cotton Mills, the largest cotton mill in Asia, is going to be reopened after 23 years under a private ownership.

The demand for taka has soared ahead of the Eid, but has failed to make much impact on the currency market, as call money rates has not significantly increased.

Passenger Welfare Association of Bangladesh (PWAB) claimed on Monday that some Tk 10,000 crore has been looted from homebound passengers ahead of Eid-ul-Fitr in the name of Eid tips and extra charges on roads, railways and waterways.

Agriculture experts at a ceremony on Friday stressed the need for expanded cultivation of short duration, off-season and indigenous parija paddy adopting newer cropping pattern for food security amid adverse climate.

Bangladesh’s foreign exchange reserve marked a slight rise to above US$ 15 billion mark as it totaled $ 15,494.76 million on July 30 this year, up from $ 15,315.23 million on June 30.   

The Board of Investment (BoI) on Monday approved US$ 60 million loan for seven projects. The approval came at the 77th meeting of the BoI Security Committee held at the Bangladesh Bank (BB) Bhaban with its governor Atiur Rahman in…

With hardly two weeks left for the Eid-ul-Fitr, the biggest religious festival of the Muslims, Rajshahi city has been caught by Eid shopping fever with modern and traditional shopping malls bustling with shoppers from all walks of life.

South Korean investors have said they want to invest in various prospective sectors in Bangladesh as they have a very good impression about the country.

As three out of four vessels of the prestigious, traditional and longest river route Rocket steamer service of Bangladesh Water Transport Corporation have gone out of order, seriously threatening closure of that service at any time ahead of Eid.

The inward remittance flow to the country during the first 19 days of the current month showed an encouraging sign, totalling $ 763.53 million as of July 19.

Bangladesh Bank on Tuesday fixed the current fiscal’s target of loan disbursement to agriculture and rural sectors at Tk 14,595 crore, up 3.29 percent than the loan disbursed during the fiscal 2012-13.