Home » Archives by category » Economy (Page 3)

Bangladesh government officials meet with a Saudi delegation which made up to $20 billion in investments in the South Asian country. Photo: Faisal Mahmud Bangladesh gets a $20 billion Saudi windfall The two country’s relationship takes a new turn with major Saudi investments in various sectors By Faisal Mahmud   11 March Asia Times Saudi Arabia signed […]

Continue reading …

Bangladesh-India relations will continue to grow in the next five years, the prime ministers of the two nations have hoped. Sheikh Hasina in Dhaka and her counterpart Narendra Modi in New Delhi expressed their confidence while inaugurating four major projects via videoconference on Monday. The four projects are imports of buses and trucks under the […]

Continue reading …

Previous Next Bangladesh and Saudi Arab have signed two investment agreements and four memoranda of understanding on different sectors, including electricity, railways, electronics and aeronautics. The deals were signed between representatives of several local companies and organisations of Bangladesh and visiting Saudi officials in the presence of Prime Minister Sheikh Hasina at her offices in […]

Continue reading …

The Bangladesh Bank has taken a move to bring about major changes in the definition of loan default to address the growing bad loan. A committee headed by central bank general manager AKM Amjad Hussain is now working on the matter, officials said. The central bank formed the committee on January 31 following a meeting […]

Continue reading …

Ecnec Chairperson and Prime Minister Sheikh Hasina presides over a meeting of the council at the NEC conference room, at Dhaka’s Sher-e-Bangla Nagar on Tuesday PID The project, to be constructed at the estimated cost of Tk2,962 crore The Executive Committee of the National Economic Council (Ecnec) yesterday approved eight projects, including one to set […]

Continue reading …

The financial institutions division has recommended that Janata and BASIC banks be provided with Tk 150 crore bailout funds because of severe capital shortfall faced by both the scam-hit state-owned banks. The financial institutions division made the recommendation to the finance division in the past week. Experts have said that providing bailout fund to the […]

Continue reading …

The government has decided to collect 15 percent value added tax or VAT from the advertisements on internet platforms like Facebook and YouTube. The authorities have not been collecting any tax from the Bangladeshi advertisers of the virtual world until now. The government moved recently to collect the taxes following a High Court order. The […]

Continue reading …

Bangladesh has had 266,118 loan-defaulting individuals and companies until Dec 2018, Finance Minister AHM Mustafa Kamal has said. He also provided parliament with a list of top 20 loan-defaulting firms on Thursday in response to a question from ruling Awami League MP Waresat Hussain Belal. They included Quantum Power Systems, Samannaj Super Oil, BR Spinning […]

Continue reading …

Activities remain confined to holding occasional meetings only Although 26 sectors have been identified to exploit the potentials of blue economy in Bangladesh, almost all the sectors remained untapped for lack of proper initiatives. So far, only a small administrative cell, Blue Economy Cell (BEC), was created in January 2017 under the Energy and Mineral […]

Continue reading …

The Daily Star  February 28, 2019 2,66,118 loan defaulters in country: Finance minister Finance Minister AHM Mustafa Kamal. The photo is taken from his Facebook page. Star Online Report There are 2, 66, 118 loan defaulters in the country as of December 2018, Finance Minister AHM Mostafa Kamal informed parliament today. In reply to a […]

Continue reading …

Banks to maintain statutory liquidity ratio and cash reserve ratio before lending Banks have to invest 75pc of outstanding amount locally Scheduled banks in Bangladesh will have to invest at least 75 percent of the outstanding amount of the offshore financing in the country, according to a policy introduced by the central bank yesterday. The […]

Continue reading …

Growing non-performing loans apparently challenge the banking sector’s stability by raising the cost of capital for the private sector and limiting credit flows to industries and SMEs, said a business leader. Osama Taseer, president of the Dhaka Chamber of Commerce and Industry (DCCI), made the remarks while speaking at a dialogue titled “Monetary Policy Statement: […]

Continue reading …