News

Bangladesh Economic Zones Authority (BEZA) has already allocated over 6,000 acres of land among the 53 business houses in the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram for setting up their factories.

The government has prepared a plan to face the impact of Bangladesh’s graduation from the least developed country’s category on trade and foreign aid and discussed it with the United Nations. A 13-member delegation led by Planning Minister MA Mannan had a meeting with the Global Partnership for Effective Development …

The central bank has asked some 20 banks to boost their investments in stocks to help revamp the country’s ailing capital market. The banks have the scope for investing more in listed securities in line with the existing rules and regulations, officials said.

Farmers were charged on average 19 per cent interest against 35.14 per cent of the farm loans disseminated by banks through microfinance institutions or non-governmental organisations in last fiscal year (2018-19) in line with the Bangladesh Bank policy.

All types of mosquito repellents such as coil, spray, cream, gel, liquid vaporizer have seen their demand gone up in the capital’s retail shops Mosquito menace has brought ample scope for mosquito repellent brands, boosting their sales manifold in the capital, with dengue taking its toll on the city dwellers …

Prime Minister Sheikh Hasina has said Bangladesh is likely to become 25th largest economy globally in 10 years.“Whatever gaps or limitations that we have, we are ready to correct those. So, we are for open regionalism,” the Prime Minister said.

The government placed Tk.5.23 trillion budget for the fiscal year (FY) 2019-20 in the parliament on Thursday. Some highlights of the proposed budget are given bellow:

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) said on Friday the higher revenue collection target would create pressure on existing taxpayers.

Prime Minister Sheikh Hasina warned Friday of stringent measures against private banks who are defying the directive to lower the interest rate to single-digit. “We’re always in favour of single-digit rate of interest,” she said.

In the draft budget, GDP growth for the next fiscal year has been estimated at 8.2%Prime Minister Sheikh Hasina on Friday said the draft budget is a public welfare oriented budget, and the proposed fiscal measures and allocations would propel the economy to benefit people in all walks of life.