Wednesday , 20 October 2021
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Category Archives: National Economy

Stocks continue to slide as major sectors dip Both the Stock markets were down further on Monday with all the indexes sliding down as most of the major sectors closed lower while daily transactions were declining. Among the falling major sectors were travel and leisure, textile, mutual fund, engineering and food and allied when 197 securities of the large-cap group incurred losses due to lower activities. Fuel ... Read More »

Dhaka Int’l trade fair extended by 4 days

Economic Correspondent A decision has been taken to extend the Dhaka International Trade Fair 2017 by four days following the demands of participating businessmen.   Rezaul Karim, Joint Secretary of Export Promotion Bureau (EPB), has confirmed the news to on Sunday.   He said time for the fair has been extended following the demands of the participating businessmen.   ... Read More »

Tofail urges India to remove trade barriers Commerce Minister Tofail Ahmed on Sunday urged India to take steps so that tariff and non-tariff barriers cannot hinder bilateral trade. “Export-import should be increased by barriers to Bangladesh’s trade with India,” he said while holding a meeting with Indian Trade and Industries Minister Nirmala Sitaraman at Vishakhapatnam in Andhroprodesh in India. Tofail Ahmed called on the Indian Minister ... Read More »

New monetary policy statement lacks direction: FBCCI Federation of Bangladesh Chambers of Commerce and Industry (BFCCI) termed new monetary policy statement (MPS) as pro-private sector but it lacks policy guideline on recovering non-performing loans and checking ‘black money’. According to the monetary policy launched by Bangladesh Bank (BB) for January-June period of fiscal year 2016-17 (FY17) private sector credit growth and domestic credit growth are projected ... Read More »

Businesses to get power connection in 28 days: Power Division

The power division will drastically reduce the time for new electric connections to investors in an effort to improve Bangladesh’s ranking in the World Bank’s ‘doing business’ ratings, reports  “The allotment time will be brought down to 28 days,” Secretary In-Charge of the division Ahmad Kaikaus announced on Saturday at a BIDA workshop in a Bahubal resort in Habiganj. ... Read More »

Asia-Pacific business forum in city from Feb 8

Economic Reporter Asia-Pacific Business Forum (APBF) will be held for the first time in Bangladesh on February 8-9 to provide the best platform for regional public-private dialogue on the role and needs of business in achieving inclusive, resilient and sustainable development. President Abdul Hamid is expected to inaugurate the two-day flagship regional business event on February 8 at the Sonargaon Hotel ... Read More »

Muhith also wants probe against Dr Yunus’s tax rebates Day after premier Sheikh Hasina blasted Nobel laureate Muhammad Yunus in parliament, finance minister AMA Muhith on Thursday said the tax rebates enjoyed by the Grameen Bank founder should be investigated. “It’s a difficult proposition. However, Dr Muhammad Yunus’ Grameen Bank took advantage of a number of tax rebates. Those should be investigated,” Muhith told newsmen at his ministry ... Read More »

Stocks break 4-day gaining streak Stock markets closed on Wednesday down after breaking a rally that continued at both Dhaka and Chittagong stock exchanges in the past four sessions in a row. The markets were upbeat in the last four-day, taking the broader index at the prime bourse up at close of every trading session since January 19. The broader index of DSEX of ... Read More »

Walton to initiate new horizon in technology sector in 2017 New and fresh models of Walton fridge, LED Television, Laptop and Air Conditioner are being added to production line this year. Besides, initiatives have been taken to manufacture latest high-tech products like Compressors, Computer Motherboards and Mobile Phones. Bangladeshi brand Walton is going to initiate a new horizon in technology sector in 2017.   SM Ashraful Alam, Managing Director ... Read More »

Chance to export manpower in Malaysia should be utilised Door to export manpower in Malaysia from Bangladesh has been opened up after a long wait. State Minister for Foreign Affairs Md Shahriar Alam confirmed the matter after a ministry level meeting held over manpower market issue between the two countries on Friday. This is really good news for Bangladesh indisputably.   The state minister said process to export ... Read More »