The Dhaka Stock Exchange (DSE) on Monday agreed to sell 25% of its ordinary shares to a Chinese consortium comprised of the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE). The share purchase agreement (SPA) was signed at a Dhaka hotel, with Finance Minister AMA Muhith in attendance as the chief guest. Wang Jianjun, […]
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Country’s textile millers have warned that the sector is facing a survival crisis due to smuggling of textile products and misuse of bonded warehouses and border haats with India. ‘The value of the stock of fabrics and yearns now amounts to Tk 20,000-25,000 crore as 40 per cent of total production have remained unsold since […]
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At least 6.6 million Bangladeshis, who are capable of doing permanent jobs, cannot be provided with employment opportunities, reveals the Labour Force Survey. Some of this large number of people are jobless and some others are engaged in informal or temporary jobs – a state which could be considered disguised unemployment. In fact, about 2.68 […]
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Photo:Syed Zakir Hossain ‘We have already started reconstruction and reforms of Farmers Bank. The bailout will turn the bank into a semi-government bank as the five state-owned organizations will hold 60% of its shares’. In a bid to save the scam-hit Farmers Bank Ltd from the liquidity crisis, the government and Bangladesh Bank have authorized […]
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The proposed pension scheme will enjoy 5 – 10% yearly incrementsBigstock The pension plan will be applicable to only those who will be employed after implementation, not the ones who are currently employed in government jobs. The finance minister has announced that the government will be adopting a public pension plan similar to developed countries […]
Continue reading …Bangladesh Economic Zone Authority has sought a 15-year tax holiday for private power plants to be set up in the planned economic zones. The BEZA in a letter to the National Board of Revenue said that the tax benefits for power plants to be established inside the economic zones should be similar to those power […]
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File Photo The government has allocated Tk 1.73 trillion for the Annual Development Programme in the next budget, which is 17 percent bigger than the revised ADP of the current fiscal year. The budget has been finalised in a meeting presided over by Planning Minister AHM Mustafa Kamal on Thursday. The proposed ADP will be […]
Continue reading …Bangladesh Bets on Connectivity for Its Next Economic Leap By Charu Sudan Kasturi • MAY 04 2018 Why you should care Because Bangladesh aims to be the connectivity link between South and East Asia. Bangladesh 164,669,751Population BengaliSpoken Language $4,207GDP Per Capita DhakaCapital City Firecrackers lit the March sky over Dhaka as Bangladesh savored the U.N. […]
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A file photo shows the front view of Bangladesh Securities and Exchange Commission building in the capital. Companies are reluctant to comply with the securities rules of mandatory holding of minimum 30 per cent shares by their sponsor-directors jointly due mainly to having limited enforcement tools on the part of the stock market regulator. […]
Continue reading …Rooppur power plant issues should be transparent Published: 00:05, Apr 28,2018 | Updated: 23:47, Apr 27,2018 THE government is going ahead with the construction of the Rooppur Nuclear Power Plant, scheduled for a 2023 commissioning, but what makes people worried is that the government is not making public details of the project and its […]
Continue reading …“See China as an opportunity, not a threat,” says one of Modi’s top economists
April 29, 2018 No CommentWELCOME TO WUHAN “See China as an opportunity, not a threat,” says one of Modi’s top economists Frenemies? (Reuters/Kenzaburo Fukuhara/Pool) Devjyot Ghoshal April 27, 2018 Quartz India Prime minister Narendra Modi’s trip to Wuhan for a summit with Chinese president Xi Jinping has been preceded by much VIP air traffic between Beijing and New Delhi. Since […]
Continue reading …EU ambassadors to Beijing warn that China’s Silk Road project flouts international transparency norms and is aimed at furthering Chinese interests. The paper reflects Beijing’s strategy to divide the bloc. By Dana Heide Till Hoppe Stephan Scheuer Klaus Stratmann Published on April 17, 2018 No compromises. Source: DPA Twenty-seven of the 28 national EU ambassadors […]
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