News

Bangladesh Bank (BB) has taken a decision to form a fund, titled Bangladesh Bank Agricultural Development Common Fund (BBADCF), for increasing farm production. Under the initiative, banks would deposit money equivalent to the un-disbursed amount of farm and rural loans in the fund and the BB would give 2 per …

The Bangladesh Bank on Monday asked the scheduled banks to bring down their capital market investments to permitted limits by December 31, 2023. The department of off-site supervision of the central bank issued a circular in this regard on the day. As per the Bank Companies Act, the scheduled banks …

Economists on Monday said that institutional failure on the part of the National Board of Revenue had been affecting domestic resource mobilisation negatively over the years, which, in turn, resulted in an increase in the government debts. Due to a lack of resource mobilisation, Bangladesh’s current tax-GDP ratio remains far …

Betel leaf grown in Kushtia is not only popular across Bangladesh, but also beyond the country’s borders with increasing exports in the last several years encouraging more farmers to cultivate the crop. As such, betel leaf was cultivated on 2,230 hectares of land in fiscal 2021-22, up by some 4 …

Bangladesh Bank has extended the period meant for banks to make adjustments to their overexposure in the stock market in a bid to give relief amid existing bearish trends. The central bank issued a circular in this regard yesterday. The Banking Companies Act 1991, which was amended in 2013, has …

EU member states and parliamentarians on Sunday announced an agreement for a major reform to the bloc’s carbon market, the central plank of its ambitions to reduce emissions and invest in climate-friendly technologies. The deal aims to accelerate emissions cuts, phase out free allowances to industries and targets fuel emissions …

Following a series of global crises, Bangladesh’s government efficiently handled its foreign aid when it was predicted that it would start to drop from the end of the previous fiscal year. However, the adverse effects of those crises are now quite evident from the current fiscal year FY23. In the …

As a part of the annual International Coastal Cleanup and Coca-Cola’s global initiative to achieve a ‘World without Waste’ by 2030, the Coca-Cola System in Bangladesh in partnership with Kewkradong Bangladesh successfully conducted a coastal clean-up across the beaches of Saint Martin’s Island. The two organizations have teamed up for …

The European Union has adopted a plan for a global minimum 15% tax on big business. Leaders gave their final approvals on Thursday after months of political wrangling. The landmark deal between nearly 140 countries aims to stop governments racing to cut taxes in a bid to attract companies. It …

The members of the Real Estate and Housing Association of Bangladesh (REHAB) have not been able to sign any new agreements with land owners to launch a new project since the government unveiled the new Detailed Area Plan (DAP) four months ago. Even no company has secured approval to roll …