$1b taka bond debuts Nov 11
A $1 billion taka-linked bond is set to be floated on the London Stock Exchange on November 11 as the government looks to mobilise the hordes of expatriate Bangladeshis the world over towards nation building and also draw in foreign investors.
26 October 2019, 18:00 PM
60pc businesses find market imperfection a key obstacle
As many as 59.57 percent of the businesses in a recent government survey complained of market imperfection as the prime obstacle for them to thrive.
24 October 2019, 18:00 PM
DGHS’ three-year project unfinished in nine years
A project by the health ministry to establish a national institute for laboratory medicine, that was approved in 2010 with a three-year deadline, will be up for approval for a fifth time extension at today’s meeting of the Executive Committee of the National Economic Council (Ecnec).
21 October 2019, 18:00 PM
China Funded Projects: Red tape holds back progress
With much pomp and circumstances, Xi Jinping in October 2016 arrived in Bangladesh, the first visit by a Chinese president in 30 years.
18 October 2019, 18:00 PM
Social Safety Nets: Not many urban poor getting help
Most of the poor people in urban areas remain deprived of the government’s social protection benefits.
Only 17.84 percent of the poor people living in towns and cities receive support from social safety schemes, whereas 35.77 percent of the poor people in rural areas get the benefits, according to a World Bank report.
16 October 2019, 18:00 PM
Dhaka Metro Rail: Two more lines to cost Tk 93,800cr
Construction work on two more metro rail lines will begin soon as the government aims to reduce traffic congestion and pollution in the capital.
14 October 2019, 18:00 PM
1.38cr people underemployed
For nearly two years, Raushan Mahmud has been working as a cashier at a firm that produces garment accessories in Gazipur.
12 October 2019, 18:00 PM
Tk 1,530cr cash subsidy for remitters
The finance ministry has released Tk 1,530 crore in cash subsidies for remitters for the first two quarters of the current fiscal year as part of a government move to encourage remittance through official channels.
2 October 2019, 18:00 PM
Govt redefines hard term external loans
The government has decided to consider foreign loans as hard-term ones if the grant element is less than 25 percent, down from the 35 percent it currently takes into account, in a reflection of the country’s growing economic power.
2 October 2019, 18:00 PM
PM leaves for Delhi tomorrow
The Rohingya crisis, water-sharing of 54 common rivers and the National Register of Citizens of India will feature prominently in talks during Prime Minister Sheikh Hasina’s four-day visit to Delhi starting tomorrow.
1 October 2019, 18:00 PM
Only local vessels, vehicles to be used
Only local vessels or vehicles would be used for transporting Indian goods through Bangladesh, according to the draft standard operation procedure for India using Bangladeshi ports.
30 September 2019, 18:00 PM
Reforms to fall flat if defaulters spared
Any reforms in the banking sector will not be effective if those are made sparing loan defaulters, says Khondkar Ibrahim Khaled, former deputy governor of Bangladesh Bank.
25 September 2019, 18:00 PM
BAD LOANS TWICE AS LARGE
The actual size of bad loans is more than double the officially recognised figure, according to a recent report of the International Monetary Fund -- a damning evidence of the fragile state of Bangladesh’s banking sector.
25 September 2019, 18:00 PM
Bangladesh can borrow more from abroad
The country has scope to bankroll its infrastructure projects through external borrowing as it has a very low debt to gross domestic
24 September 2019, 18:00 PM
Audit Objections 2013-18: CAG detects Tk 11,710cr anomalies
Financial anomalies involving Tk 11,710 crore have been detected in 16 ministries between the fiscal years 2013-18 during audits by the Office of Comptroller and Auditor General.
21 September 2019, 18:00 PM
BB to give banks euro loans from reserves
Bangladesh Bank is set to give loans to local banks’ offshore banking units (OBU) to offset the negative returns that it now gets for its liquid euro assets -- a move that can be viewed as making the best out of a bad situation.
11 September 2019, 18:00 PM
Govt raises hopes for aspiring entrepreneurs
The government yesterday raised the hopes of aspiring entrepreneurs as it announced a Credit Guarantee Fund (CGF) to act as
9 September 2019, 18:00 PM
Joint meeting next month to speed up China-funded projects
The first meeting of the Bangladesh-China joint working group is set to be held in Dhaka next month to come up with ways to expedite the implementation of 27 projects that China had agreed to fund in October 2016.
8 September 2019, 18:00 PM
Checking Vehicle Overloading: Highways to get 21 more weighbridges
The government is going to set up another 21 weighbridges on major highways to check overloading as the practice is causing damage to roads and bridges.
2 September 2019, 18:00 PM
State-owned Autonomous Institutions: Govt to utilise ‘idle money’
The cabinet yesterday approved a draft law that would allow the government to use “idle funds” of state-owned organisations for development work.
There are 68 state-owned autonomous organisation which have Tk 2,12,100 crore deposited in banks, said Cabinet Secretary
2 September 2019, 18:00 PM