Friday , 23 April 2021
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Category Archives: National Economy

Muhith plans Tk 4,20,000 cr budget for next fiscal Finance Minister Abul Maal Abdul Muhith on Sunday said the outlay of the budget for the coming 2017-2018 fiscal could be as high as Taka 4,20,000 crore. “We projected that the next budget outlay Taka 4 lakh crore but I want to take it Taka 4.20 lakh crore,” he told journalists after a pre-budget meeting with leading financial watchdogs ... Read More »

Reelect AL to keep up peace, uplift: PM Hasina

Bogra Correspondent Prime Minister Sheikh Hasina on Sunday urged the people to reelect Bangladesh Awami League to continue the country’s peace, progress and development, saying that all uplift activities would be halted if the BNP-Jamaat nexus comes to power. Sheikh Hasina said if Awami League is reelected, development of everybody will be made and their life would be beautiful. But ... Read More »

First solar-powered silo with climate-controlled facility opens


Prime Minister Sheikh Hasina has opened Bangladesh’s first multi-storey, solar-powered silo in Bogra, reports  The climate controlled facilities at the northern district’s Santahar can store approximately 25,000 tonnes of food. Officials say all types of food can be stored in the warehouse. The prime minister arrived in Bogra around 12pm on Sunday to inaugurate a number of development projects. ... Read More »

NGOs, unregistered trade unions barred in RMG industry: State minister No NGOs will be allowed to open office in Ashulia and other readymade garment industry areas, State Minister for Labour and Employment Md Mujibul Haque (Chunnu) has said. The decision to drive out the NGOs along with unregistered trade unions and workers’ organisations from these areas was taken at a meeting with the owners and workers’ leaders of RMG ... Read More »

BD’s duty-free quota-free access to US market extremely unlikely: Ambassador


Ambassador Marcia Bernicat has said that Bangladesh’s duty-free quota-free market access to the United States is “extremely unlikely” as it requires multi-country trade agreement and fulfilling the conditions of the GSP standards, reports  She said so far the US had offered the access to two “multi-country” trade agreements – one is to the poorest region Sub-Saharan Africa and the ... Read More »

Export, remittance to rise: MCCI The Metropolitan Chamber of Commerce and Industry has predicted that export, import and remittance are expected to rise in the third quarter this fiscal year, riding on the prevailing political calm. The chamber body also said the foreign exchange reserve will fall in January-March, which is a regular annual feature that arises for payments against imports. The rate of ... Read More »

Analysts term Dhaka’s economic activities unplanned

dhakas_economicpic Dhaka is the fastest growing city in the world but all its economic activities are unplanned, which poses a question whether the growth of the city would be sustainable, analysts said. People choose to live in the city for the economic opportunities and benefits it provides, which pushed consumption growth up, but all their incomes are not generated in ... Read More »

Gas prices raised significantly


  The Bangladesh Energy Regulatory Commission on Thursday announced its decision to increase prices of gas for all kinds of use by an average of 22.7 per cent. The rate-hike will be applicable for all kinds of users including households and industrial units. However, the commission made a clever move about the tariff-hike by making ... Read More »

Big fashion brands pull out of BD garment summit over worker rights concerns


Five global high street fashion brands have pulled out of a major garment industry event in Bangladesh due to concerns over a crackdown on unions demanding better pay in textile factories, campaigners said on Wednesday, reports  The retailers – H&M, Inditex, C&A, Next and Tchibo – who all source clothes from Bangladeshi factories, were expected to attend the Dhaka ... Read More »

China firm may acquire Chevron’s Bangladesh fields

chevronlogo China’s state-run Zhenhua Oil has signed a preliminary deal with Chevron to buy the US oil major’s natural gas fields in Bangladesh that are worth about $2 billion, two Beijing-based Chinese oil executives said.  Zhenhua is a subsidiary of China’s defense industry conglomerate NORINCO. A completed deal would mark China’s first major energy investment in the South Asian country, ... Read More »