Real-Estate & Infrastructure

Planning Minister MA Mannan expressed his hope on Tuesday that the general point to point inflation in the country is likely to ease from October due to the various measures taken by the government. “The inflation is likely to remain a bit higher in September as it was in August. …

Renewable energy resources turned out to be the second cheapest source of electricity, after gas, in the 2021-22 financial year, according to Power Development Board data. In the past financial year, the cost of each unit of electricity generated by renewable energy — mainly solar power — in private plants …

Bangladesh’s entrepreneurs have made a lot of advancements in building their capacity to make lighting products and accessories for residential and industrial use. Today, more than a dozen of local lighting solutions providers, assemblers and manufacturers produce a good range of energy-efficient LED (light-emitting diode) lights, thanks to duty benefits …

Prices for manufacturers and food producers shot up to a near-record amount from a year ago due to a big jump in energy and other essential commodity prices in the international market. The volatility in the forex market is another key reason behind the surge of the producer price index …

The world’s largest ride-sharing company Uber contributed Tk 45 billion to Bangladesh economy in the year of 2021, said a report. UK-based policy research firm named Public First researched and compiled Uber’s 2021 Bangladesh Economic Impact Report and released the outcome on Sunday. The way as to how Uber helped …

An 11-member technical mission of the World Bank reached Chattogram port yesterday to discuss various aspects of proposed Bay Terminal, a mega project taken to enable the port accommodate larger ships. Earlier this year, the international lender expressed interest to give around $350 million in loan for breakwater construction and …

Mobile financial service providers in Bangladesh would be able to launch an inter-distributor cash management system to facilitate e-money and cash funds transfer during weekends and public holidays. The Bangladesh Bank yesterday issued a circular to this effect. Distributors of MFS providers face difficulties in securing e-money from banks against …

As a step to raise internal revenue collection, the National Board of Revenue (NBR) has again taken the initiative to install Electronic Fiscal Device (EFD) and Sales Data Controller (SDC) or value-added tax (VAT) machines in different types of business entities, such as department stores. The cabinet committee on economic …

Bangladesh bagged $4.60 billion through exports in August, registering a 36.18% year-on-year (Y-o-Y) growth, according to recent data published by the Export Promotion Bureau (EPB). At the same period last year, the country fetched $3.38 billion in export earnings. Moreover, according to the EPB data, the country earned export earnings …

The discontinuation of cash incentives for the country’s export-oriented manufacturing industries will hamper competitiveness for a while during the post-LDC period, but won’t put a long-term impact on exports, said a study group at a workshop on Saturday. Arfin Ara Begum, director general of the monitoring cell under the finance …