Nov 20
Daily News Head Line
Bangladesh needs a 'green' growth strategy PDF Print E-mail

As one of the fastest growing economies in South Asia, Bangladesh continues to experience sustained economic growth underpinned by macroeconomic stability and strong domestic demand. The country has been growing at an annual average rate of 6 percent for the last decade. Its progress on key human development indicators has continued to improve and it is now one of the best performing countries in South Asia, with higher life expectancy, lower fertility rates and lower infant mortality. Bangladesh has also made good progress on the achievement of the MDGs, particularly in terms of reducing income poverty, getting nearly all boys and girls enrolled in primary school, and reducing child and maternal mortality.

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Bangladesh to see six new denim mills in 2yrs PDF Print E-mail

At least six new denim mills will come into operation in Bangladesh in the next two years with an investment of $100 million.

The increasing demand for denim fabrics from garment makers has encouraged the investors to establish new factories here, Mostafiz Uddin, organiser of Bangladesh Denim Expo, said yesterday.

“The response we are getting from both the local millers and foreigners is huge,” he told The Daily Star on the sidelines of the show, at International Convention City Bashundhara in Dhaka.

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BB rejects proposals for two new banks PDF Print E-mail

The central bank has turned down proposals for setting up two new commercial banks on the grounds that the deteriorating financial health of many banks, especially the nine that were last set up, does not warrant any new addition to the landscape.

The Bangladesh Bank has communicated its decision in September to Finance Minister AMA Muhith, who had asked the central bank to scrutinise the proposals.

One of the proposed banks is Bengal Bank, initiated by Bengal Group of Industries, a local manufacturer of plastic products. Morshed Alam, a ruling party lawmaker, is the chairman of the group.

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Tax fair ends on a high note PDF Print E-mail

Thousands of taxpayers thronged to submit returns and collect the newly introduced 'Income Tax ID Card' from the weeklong tax fair that concluded yesterday.

As of Day 6 of the fair, taxmen collected Tk 1,791.12 crore, up 4 percent from a year earlier. Some 2.69 lakh returns were submitted, which is an increase of 79.44 percent from a year earlier.

Some 9.44 lakh people received tax related assistance from taxmen from the fair that took place for seven days in all divisional cities since the first November and for four days at district towns.

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Govt to build 3,600MW LNG-based power plant PDF Print E-mail

Bangladesh is set to get 3,600 megawatts of electricity from a LNG-based power plant at Payra, the largest yet, as part of the government's efforts to give the economy the impetus needed to meet the growth aspirations.

North-West Power Generation Co., an enterprise of Bangladesh Power Development Board, and Siemens yesterday signed a primary agreement for setting up the plant in Patuakhali.

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