Regional & International Economy

‘No proposal from you (business community) is irrational’

Japanese Mitsubishi Motors has shown interest to invest in Bangladesh’s CKD assembly plants, speakers said

The national budget for the fiscal year 2021-22 will focus on measures to face Covid-19 challenges, save lives and livelihoods of people and recover the economy.

Speakers at a webinar today stressed the need for reforming the taxation system alongside tapping the Foreign Direct Investment (FDI) potentials in a wide range of sectors like agro processing, light engineering, non-cotton apparel, home textile, blue economy and education in the country to ensure export diversification and smooth LDC …

BIDA under the Prime Minister’s Office (PMO) last month issued new guidelines on outward remittance repatriation for payment, allowing repatriation of outward remittance up to 6% without prior approval of BIDA

Finance Minister AHM Mustafa Kamal today said that the areas and sectors which are associated with the lives and livelihood of common people like rural infrastructures, agriculture and health sector would get priority in the next budget for FY22 in the wake of COVID-19 pandemic situation.

Experts and businesses on Saturday said that the national budget for the next fiscal year 2021-22 should have clear guidelines on the recovery of economy from the COVID-19 fallout.

Japan External Trade Organization (JETRO) is optimist of large-scale Japanese investment in Bangladesh in view of the competitive labour price, upward trend of the country’s per-capita income and increasing the domestic demand.

Year-on-year import of rice has increased almost 25 times in the first eight months of the current fiscal year 2020-2021 amid low government stock of the staple food coupled with soaring prices on the retail market.

“We need a green recovery from the global pandemic. To achieve sustainable development, capital has to be mobilized for the inclusion of service groups, and capital has to be raised for sustainable financing and supporting innovations. Sustainability needs to be mainstreamed, ensuring market integrity, risk management, and sufficient disclosures.”