State enterprises hand govt Tk 16,746cr of their surplus funds
State-owned enterprises have deposited Tk 16,746 crore to the national exchequer since laws were passed in the beginning of the year to make it mandatory for them to hand over the idle and surplus funds to the government.
10 September 2020
Govt plans handouts for the laid-off
A ray of hope has emerged for the laid-off, disabled and insolvent workers of export-oriented garment, leather and footwear manufacturing factories as the government has initiated a scheme to extend financial support to them.
8 September 2020
Credit growth makes a turnaround, pointing to green shoots
Bangladesh’s economic recovery from the devastating coronavirus pandemic has received a shot in the arm after both public and private sector credit growths rose sharply in July.
6 September 2020
LNG purchase from spot markets to cut costs by 27pc
Bangladesh would pay up to 27 per cent lower prices when it buys liquified natural gas (LNG) from Vitol Asia of Singapore on the spot market, compared to the payments it makes to the existing suppliers.
3 September 2020
ADP implementation off to a slow start
Development expenditure fell 17.64 per cent year-on-year in July as the coronavirus pandemic continued to hammer the economy, official data showed.
2 September 2020
Govt to buy LNG from spot market for the first time
The government has decided to buy liquified natural gas (LNG) from the spot market for the first time – a move that would help the country purchase the super-chilled fuel at a cheaper rate, officials said yesterday.
2 September 2020
Costs of 4 projects revised upwards by 73pc
The combined cost of four development projects went up by 72.84 per cent after the government yesterday revised upwards their allocation and extended deadlines.
1 September 2020
Remittance keeps rising despite pandemic headwinds
Migrant workers who toil abroad have once again beat forecasts, sending home 36 per cent higher remittance in August, in a respite for their families as well as the ailing economy amid the coronavirus pandemic.
1 September 2020
Inflation ticks up in August
Inflation has risen by 15 basis points to 5.68 per cent in August, led by an increase in prices of food items, official figures showed yesterday.
1 September 2020
Cars ‘made in Bangladesh’ on the way
With just a year or so to go for golden jubilee celebrations of independence, Bangladesh is on its way to marking an epoch in history by manufacturing its own brand of automobiles with assistance from Japan.
31 August 2020
Plans for a deep seaport at Sonadia nixed
The government has officially scrapped its plan to build a deep seaport in Cox’s Bazar’s Sonadia out of environmental concerns, said the cabinet secretary yesterday.
31 August 2020
ADB adjusts financing plan to speed up Bangladesh’s economic recovery
The Asian Development Bank has redesigned its financing plan in Bangladesh for the next three years in the wake of the coronavirus pandemic to help the country spring back from the economic whiplash faster.
29 August 2020
Govt to draft law to incorporate digitalisation of banking
The government has moved to amend the 129-year old Bankers’ Books Evidence Act to make it time-benefiting in keeping with the massive changes in the banking sector triggered by technological advancement.
27 August 2020
Lack of data hinders Bangladesh’s SDG progress monitoring
Data about a quarter of the indicators needed to monitor Bangladesh’s progress on the Sustainable Development Goals (SDGs) are readily available, exposing the challenges the country faces in finding out how it is faring in attaining the Vision 2030, an official report said.
27 August 2020
BB eases credit rules for exporters
The Bangladesh Bank has relaxed rules on securing funds from pre-shipment credit schemes and the Export Development Fund so that exporters can avail soft loans to expedite shipments and make their international business more competitive.
27 August 2020
Linking Bhola with Barishal: Japanese firm to build bridge
A Japanese company is likely to build a bridge over the Tentulia and Kalabadar rivers to connect island district Bhola with Barishal under a Public Private Partnership (PPP) initiative.
27 August 2020
Padma bridge not before June 2022
The deadline for finishing the Padma bridge is going to be extended by more than a year largely due to the pandemic.
26 August 2020
Yet another round of low-cost funds on the cards for garment exporters
The government may consider another stimulus package for garment exporters such that they can pay workers’ wages of August, said Finance Minister AHM Mustafa Kamal yesterday.
26 August 2020
Two more projects see allocation increase
The government has revised upwards the allocation for two projects at a time when it is strict about approving funds amid drastic fall in revenue because of the coronavirus pandemic.
25 August 2020
Garment factories in SME category to get cash incentive
The government has extended policy support to garment exporting factories falling under the small and medium enterprise (SME) category to improve their competitiveness during this time of the coronavirus pandemic.
25 August 2020