The country could not harness the export potential of Malaysia because of high tariff imposed on Bangladeshi goods, Commerce Minister Tipu Munshi said today. The high tariff has been working as a deterrent factor on shipment of goods from Bangladesh to Malaysia, the bilateral trade is swelling towards Malaysia, he …
Read More »IMF delegation to visit Dhaka for talks on policy reforms, loans
A delegation of the International Monetary Fund (IMF) will be visiting Dhaka from October 26 till November 9 this year to start discussions with the Bangladeshi authorities on economic and financial reforms and policies. The objective of the visit is to make progress towards a staff-level agreement on a prospective …
Read More »SCB’s sixth board meeting held
The sixth meeting of the Board of Directors of Shippers’ Council of Bangladesh for the term of 2022 and 2023 was held in its own office’s conference room at Dhanmondi in Dhaka on Wednesday, said a press release. SCB chairman Md Rezaul Karim presided over the meeting. The meeting approved …
Read More »Adopt ‘no electricity no pay’ policy now, CPD urges govt
The government should take no electricity no pay policy now, said Khondaker Golam Moazzem, research director of the Centre for Policy Dialogue (CPD). He spoke in a media briefing on slowdown in global economy and challenges for Bangladesh, organised by the CPD at its office in Dhaka today. The measures …
Read More »Dollar shortage, rising inflation among 7 crises affecting Bangladesh: CPD
Bangladesh is facing at least seven crises at present, the Centre for Policy Dialogue (CPD) said today. These are dollar shortage, energy price hike, rising inflation, spiralling food prices, Ukraine war, Covid-19 pandemic and climate change. “Overall these seven have become a challenge for us,” CPD Executive Director Fahmida Khatun …
Read More »BPC should cut fuel prices now: CPD
The Centre for Policy Dialogue (CPD) today suggested that Bangladesh Petroleum Corporation should cut prices of fuel as it has been making profit since August this year. The think-tank made the suggestion at a media briefing on slowdown in global economy and challenges for Bangladesh. The event was organised at …
Read More »Consultant appointed for Bay Terminal work
Chittagong Port Authority (CPA) has appointed an international joint venture as the consultant for the construction of a breakwater and channel dredging work at the proposed Bay Terminal, a long-awaited project of the Chattogram port. The CPA yesterday signed a contract with a joint venture of Sellhorn Ingenieurgesellschaft mbH of …
Read More »PM opens installation of reactor pressure vessel at 2nd unit of Rooppur power plant Wednesday
Prime Minister Sheikh Hasina will inaugurate the installation of a reactor pressure vessel at the second unit of the 2,400 MW Rooppur nuclear power plant (RNPP) on Wednesday amid high enthusiasm for the country’s maiden nuclear power plant, officials say. They say that the first unit of the project has …
Read More »Time to remove barriers weighing businesses down
Post-pandemic, the speed in planning and execution will be the determining factor for businesses to survive amid changing behaviour of consumers and the volatility in the global supply chain. But Bangladesh does not seem to be well-prepared to support businesses looking to thrive in the changing times as cumbersome processes …
Read More »9 sectors hold 70pc bad loans
Around 70 per cent of default loans in the banking sector is concentrated in nine sectors of the economy as many borrowers are finding it difficult to pay instalments for the dragging economic slowdown while willful defaulters are also a major factor. The nine sectors are ship-building and ship-breaking, small …
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