Real-Estate & Infrastructure

No use blaming only the global crunch, rather the government should kick-start structural reform in financial sector to remove anomalies to navigate oncoming crises, says an economic think-tank. The South Asian Network on Economic Modeling (SANEM) prepares a course of action that focuses remedying high default loans, preventing money laundering, …

Planning minister MA Mannan on Friday urged the agro processing businesses to use modern technology for ensuring quality of their food production targeting both local and international markets. He said this while addressing as chief guest at the inaugural ceremony of the 8th BAPA Foodpro International Expo 2022 arranged by …

Prime Minister Sheikh Hasina yesterday called for expediting the implementation of Kuwait’s proposal to set up a petroleum refinery in Bangladesh. She said this while Kuwait Ambassador to Bangladesh Faisal Mutlaq Aladwani called on her at her official residence Ganabhaban. PM’s Press Secretary Ihsanul Karim briefed reporters after the meeting. …

There is no chance of famine occurring in Bangladesh, said Selim Raihan, executive director of Sanem, a research organisation, yesterday. “Famine is a very strong word and it often creates panic. I think there is no chance of famine in Bangladesh. We have passed that time,” he said. He, however, …

The country has secured a preliminary agreement for a $4.5 billion loan that will be extended by the International Monetary Fund (IMF) over the next three years. Implementation Main Challenge However, the availability of the loan depends on the implementation of economic policies put forward under the preliminary agreement. This …

The source tax on local food suppliers was reinstated by the National Board of Revenue (NBR), and they will now only be required to pay a 2% source tax. Previously, sellers who supplied locally produced food items had to pay a source tax of 4%. During Covid-19, NBR decreased the …

Dhaka, Nov 17: Bangladesh Bank Governor Abdur Rouf Talukder has said there will be no foreign exchange crisis from January 2023, as the country’s exports and remittances have become surplus compared to imports. He said this while speaking on the state of financial sector at the national seminar on LDC …

Thanks to the negligence of the authorities, flour and sugar prices have risen abnormally, causing hardship for middle- and low-income groups. Due to population growth and changing food habits, wheat and wheat-based food items have been in high demand in the country for the last few years. The decline in …

Representatives of Central Asian countries are in Kazakhstan this week to discuss how to work closely together to grow their economies, which have been buffeted by the continued COVID-19 pandemic and geopolitical crisis, in a sustained, greener manner while also taking advantage of advances in technology. The 2022 SPECA Economic …

Bangladesh needs to give more attention to the development of existing logistics infrastructure to achieve the targets set for export diversification, employment generation, and attracting foreign direct investment, said FBCCI President Jashim Uddin. He said the post-Covid pandemic situation and the Ukraine crisis have resulted in massive price hikes across …