Current News

A tale of two halves sums up best how the garment sector, Bangladesh’s main export earner, fared in 2019.

The country’s telecom sector witnessed a bumpy year in 2019, marred by noisy arguments between the regulator and operators – Grameenphone and Robi – over audit claims of around Tk 130 billion.

The government has slashed the stamp duty on property registration by half to 1.5 percent of the deed value as part of its efforts to resuscitate the real estate sector that has been struggling for the past few years.

Agriculture minister Abdur Razzaque on Sunday urged the authorities concern to put emphasis on increasing lentil and oil production in the country, reports UNB.

The slowdown in its external trade might hurt the country’s pace of economic growth in the current fiscal year.

Public debt increased slightly in the last financial year (FY) due to the rise in fiscal deficit crossing the benchmark 5.0 per cent.

The Chittagong port has made it to the list of ‘three millionaire ports’ club in the world by handling 30 lakh twenty-foot equivalent units of containers this year. There are 60 such seaports around the globe.

Nissan Motor Co has told its managers to cut non-essential spending as the automaker grapples with slumping car sales and tumbling profits, three company sources told Reuters.

Tourism is booming in the Philippines with more than eight million visitors coming in 2019, the government said on Saturday.

Budget deficit, which is when spending exceeds revenue, is set to cross the sensible perimeter of 5 percent of GDP in fiscal 2018-19 for the first time in 12 years on the back of ebbing collections of the tax administrator.