Current News

The World Bank has projected 7.2 per cent GDP growth rate for Bangladesh in the 2019-20 fiscal year while 7.3 per cent in the following fiscal year, reports news agency UNB.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Wednesday called for a special taskforce for quick implementation of different decisions in the sector.

China is capable of maintaining steady economic growth in the year to come and beyond, buoyed by multiple driving forces, despite mounting downward pressure, economists have said.

The United States has imposed more sanctions on Iran in retaliation for its missile attack on US forces in Iraq this week.

The overall tax burden in Italy dipped slightly over the first nine months of last year compared to the same period in 2018, according to Italy’s National Institute of Statistics.

All readymade garment (RMG) exporters will receive 1.0 per cent cash incentive on freight on board (FoB) with effect from July 01, 2019.

Country’s bilateral trade deficit with the rest of the world increased slightly in the first five months of the current fiscal year (FY20), according to the provisional statistics of the central bank.

The stock market regulator has approved a proposal of Islamic Finance and Investment Ltd to raise Tk 300 crore by issuing Mudaraba redeemable non-convertible subordinated bonds.

The government agencies’ execution of projects in the first half of this fiscal is poor as they spent only 26 per cent of the annual development programme (ADP).

India’s government is likely to cut spending for the current fiscal year by as much as 2 trillion Indian rupees ($27.82 billion) as it faces one of the biggest tax shortfalls in recent years, three government sources said.