BEIJING, Feb 29, 2020 – China’s manufacturing activity fell to its lowest level on record in February as the deadly coronavirus epidemic hammered the world’s second-largest economy, official data showed Saturday.
Read More »Global stocks plunge, set for worst week since financial crisis
Global stock markets plunged further on Friday, with equities on course for the largest weekly drop since the global financial crisis more than a decade ago on fears that the coronavirus could devastate the world economy, while oil prices tanked as well.
Read More »Coronavirus can’t tame Bangladesh’s growth momentum
Bangladesh’s export and import activities will both be affected by the coronavirus pandemic but the country would not face much difficulty in attaining its GDP growth target of 8.20 per cent for this fiscal year, according to an official document.
Read More »World stocks set for worst weekly slump since 2008
World share markets were headed for their worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic and trigger a global recession.
Read More »Trump, Modi hope talks lead to phase one of US-India trade deal
US President Donald Trump and Indian Prime Minister Narendra Modi have agreed to “promptly” conclude ongoing trade talks that they hope can lead to the first phase of a bilateral US-India trade deal, the White House said. The statement follows Trump’s visit to India on February 24-25, during which the …
Read More »NBR plans to form another TP cell
The National Board of Revenue (NBR) has decided in principle to set up another Transfer Pricing (TP) cell for dealing with customs duty evasion. Some multinational companies (MNCs) evade duties and taxes by
Read More »Amazon moves to pay VAT to NBR
Amazon Web Services, a global leading cloud computing service provider, has started procedures to pay value-added tax in Bangladesh on cross-border transactions as
Read More »BB raises loan limit of export development fund
Bangladesh Bank (BB) has increased the loan limit of its Export Development Fund (EDF) to
Read More »Robust exchange rate critical for sustained growth
Poorly managed exchange rate, ad hoc-based incentive and existing domestic protection levels will not make Bangladesh’s exports competitive and
Read More »India has 98pc of coal resources among BIMSTEC states: Report
India is top with more than 98 per cent of coal resources, followed by Bangladesh 1.2 per cent among member countries of the
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