Business Views & Comments

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

International Desk Australia’s central bank raised interest rates more than expected Tuesday and warned of more increases as officials try to rein in “significantly” high inflation. Governor Philip Lowe said the Reserve Bank’s main lending rate would go up half a percentage point to 0.85 percent, surprising analysts who had tipped a quarter point lift. He also said “extraordinary” support ...

Staff Reporter Bangladesh Gas, Oil and Mineral resources Corporation Bill, 2022 was placed in the parliament on Sunday aiming to establish a corporation for implementing action plan, development projects and further development of the sector. The bill, placed by State Minister for Power, Energy and Mineral Resources Nasrul Hamid, was later sent to the parliamentary Standing Committee on the Ministry ...

Staff Reporter Tan Bazar Sub-branch of South Bangla Agriculture and Commerce Bank Ltd. was inaugurated at Tan Bazar, Narayanganj on Sunday (5 June) Mr. Mosleh Uddin Ahmed Managing Director and CEO of SBAC Bank was present as the Chief Guest. Mr. M Shamsul Arefin, Additional Managing Director of the Bank presided over the inaugural ceremony. Mr. Md. Nurul Azim, Deputy ...

Staff Reporter Commerce Minister Tipu Munshi on Saturday said quality tea production is increasing by 4 to 5 percent each year in the country. Despite this increase, Bangladesh’s tea export is not increasing in line with the production as domestic consumption of tea increased with the purchasing ability of people, he said. People in the rural areas are also accustomed ...