Business Views & Comments

Bangladesh attracts second highest FDI in South Asia, receives $2.9 billion in 2021

Online Desk With the economy back to normal amid a rapid fall in COVID-19 cases, Foreign Direct Investment (FDI) in Bangladesh hit a three-year high last year. Inflow rose by 12.9% to $2.9 billion — around the pre-pandemic level—which enable the nation to stay as the second most favoured destination in the subcontinent after India, according to the report released ...

Mango special train on C’nawabganj-Dhaka route begins today

Staff Reporter RAJSHAHI: The West Zone of Bangladesh Railway will launch a ‘special mango train’ on Chapainawabganj-Dhaka route via Rajshahi from today for the third consecutive time. “We have taken all sorts of preparations to launch the train from Monday for transporting mango to Dhaka from this mango producing area for the benefit of the growers and traders,” said Asim ...

Historic MoU signed for trading treasury bonds in 2 stock exchanges

Staff Reporter A memorandum of understanding (MOU) was signed to pave the way for treasury bond trading in the two stock exchanges of Bangladesh. Bangladesh Bank (BB), Bangladesh Securities and Exchange Commission (BSEC), Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE) and Central Depository Bangladesh Limited (CDBL) entered into the deal on Sunday. It was a historic moment in the ...

Rosatom delivers the new model of nuclear fuel to India

Business Desk Russia has supplied India with a new model of nuclear fuel which has a six-month longer fuel cycle. Russia’s TVEL Fuel Company recently delivered the first batches of TVS-2M nuclear fuel to India for the two functioning units-1 and 2 of Kudankulam Nuclear Power Plant. These units are powered by Russian VVER-1000 reactors. TVEL Fuel Company is the ...

Prof Yunus Invited to Rome to discuss Theme for Expo 2030

Staff Reporter Nobel Laureate Professor Muhammad Yunus has met Mayor of Rome Roberto Gualtieri recently at the city hall Palazzo Senatorio on the Capitoline Hill. The Mayor requested Muhammad Yunus to help the city in designing the concept of Expo 2030, said a media release on Saturday. Rome is a bidding city, where the Republic of Korea, Italy, Ukraine, Saudi ...

TIB urges to withdraw provision of legalising laundered cash

Staff Reporter Transparency International Bangladesh (TIB) has urged the government to withdraw the proposed budgetary provision of allowing launderers to legalise their undeclared money, saying such provision will discourage genuine taxpayers. It is immoral, discriminatory and conflicts with the existing laws to allow legalising laundered money from abroad without questioning, announced in the national budget for FY2022-23, the graft watchdog ...

Dr Atiur terms the budget pragmatic one

Staff Reporter Former Bangladesh Bank Governor Dr Atiur Rahman termed the proposed budget as pragmatic one that targets to overcome challenges arising out of accentuating supply chain disruptions due to Ukraine war at back of pandemic recovery. The eminent economist thinks the focused attention on increased allocations for agriculture and consequent food security in a volatile world has indeed been ...

Bus Rapid Transit project from Airport to Mohakhali under consideration: Kamal

Staff Reporter Construction of Bus Rapid Transit from Hazrat Shahjalal International Airport to Mohakhali is under consideration of the government. Finance Minister AHM Mustafa Kamal informed this in his budget speech in parliament on Thursday. Giving a description on mega projects, he said the construction of 46.73 km Elevated Expressway from Hazrat Shahjalal International Airport to Kutubkhali on Dhaka-Chittagong Highway ...

Keeping foreign reserves stable would be a great challenge: Kamal

Staff Reporter Finance Minister AHM Mustafa Kamal today said maintaining imports at a reasonable volume and keeping foreign reserves stable would be a great challenge in fiscal year 2022-23 (FY23) due mainly to a stress on the exchange rate originating from the increased demand for US dollar in the local market. In his budget speech in the Jatiya Sangsad Kamal ...

BIMSTEC celebrates its 25th anniversary

Diplomatic Correspondent The Secretariat of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) in Dhaka celebrated the 25th Anniversary of the regional organisation on BIMSTEC Day. The celebration included a flag hoisting ceremony in the morning of June 6 at the Secretariat, and an Official Reception at the Dhaka Sheraton in the evening. Foreign Minister AK ...