The Bangladesh Bank decided to establish a research cell to examine the efficiency of the country’s anti-money laundering mechanisms and measures to recover illegal funds under the direction of the Bangladesh Financial Intelligence Unit (BFIU). Sources claim that the central bank’s governor has already given his approval. According to the …
Read More »Nationwide GAP execution by 2025
Full-fledged implementation of good agricultural practices (GAP) across the country could be possible within 2025, Ministry of Agriculture (MoA) Secretary Md Sayedul Islam said at a programme. The government introduced GAP policy, targeting to produce safe foods – both for domestic and international markets. Implementation of GAP would make Bangladeshi …
Read More »HCA signed, €609m in loans approved by AFD for Bangladesh
In 2022, AFD and the Economic Relations Division of the government of Bangladesh signed a host country agreement (HCA) for the establishment of AFD activities in Bangladesh, a successful outcome of years of negotiations between the French and Bangladesh governments. This was a crucial step which came after 10 years …
Read More »Results of agriculture census unveiled
More than three years after the release of a preliminary report on the Agriculture Census-2019, the Bangladesh Bureau of Statistics (BBS) yesterday unveiled the final results without providing an actual estimate on the number of farmers in the country. Instead, the BBS provided the number of farming households, which creates …
Read More »Taxpayers can file return on Jan 1: NBR
The National Board of Revenue today said it will accept tax returns from individual taxpayers on the first day of January 2023. The announcement comes as December 30 and December 31 are weekly holidays of government offices. On November 30, the tax administration extended deadline regarding filing of tax returns …
Read More »NBFIs cannot change any vehicle before 8-year use: Bangladesh Bank
Bangladesh Bank has instructed the non-banking financial institutions (NBFIs) that the institutions cannot change any of their vehicles before eight years. Earlier, as per a 2015 directive, there was an opportunity to change vehicles after every five years. In line with the government’s decision to reduce operational and development expenditure …
Read More »RMG sector posts record growth in EU market
As a result of the government’s timely action and the working environment in Bangladeshi factories, the country’s garment sector has achieved a 43.21 percent growth on the European market, the highest growth the sector has ever achieved in Europe. Bangladesh exported $17.56 billion worth of garments to Europe from January …
Read More »Rice market remain unstable despite surplus production
The skyrocketing price of rice in the country after a surplus harvest in Aman season worries people, particularly the low and fixed-income groups. All varieties of rice are selling at much higher prices than that of the same period of the last month and last year, market analysts said. Higher …
Read More »Seasonal business flourishes as demand for date molasses soars
While date molasses is being sold at Tk 160 per kilogramme (kg) in local markets, the same product made by seasonal producers is going for up to Tk 200 per kg from the factory floor, according to traders. The higher price for date molasses made at seasonal factories comes down …
Read More »When should Bangladesh bid 3G adieu?
Although many countries have already shut down 3G, the third generation of wireless mobile telecommunications technology, or announced phase-out plans, Bangladesh is yet to set a specific deadline as a chunk of customers still use it. With 4G being steadily deployed countrywide, operators are eyeing to phase out the technology …
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