Govt formulates strategy to raise revenue collection
The government has devised a strategy to ramp up revenue collection by Tk 60,000 crore in the new fiscal year in order to help the National Board of Revenue (NBR) reach its tax mobilisation goal.
11 July 2019
Vietnam a step closer to beating Bangladesh in apparel exports
In a blow to apparel exporters, the EU, Bangladesh’s largest export destination, has extended duty-free access to Vietnam, eliminating
9 July 2019
Double-digit export growth in FY19
The country’s merchandise export earnings grew by 10.55 percent year-on-year to $40.53 billion in the immediate past fiscal year riding on a high volume of garment shipment in a favourable external business environment.
8 July 2019
Govt to allow rice export amid supply glut
The government will soon start allowing export of rice to create a balance in supply and demand and ensure fair prices of the staple in
7 July 2019
Gas Price Hike: Textiles, ceramics may suffer a blow
The latest gas price hike may not push up the electricity price at the moment, but the move will hit some industrial sectors, including textile spinning and ceramics, as their production cost will rise significantly, industry insiders said.
1 July 2019
Yarn exports hold potential
Yarn and fabrics export rose 20.46 percent year-on-year to $141.12 million between July and May, an indication that Bangladesh can
29 June 2019
Swiss Banks: Bangladeshis’ deposits rise to Tk 5,341cr
Bangladeshis’ deposits in Swiss banks increased by 28.33 percent year-on-year in 2018 to 617.72 million Swiss francs or Tk 5,341 crore, according to the Swiss National Bank (SNB).
27 June 2019
Make new VAT law business-friendly
Leading business associations yesterday urged the government to ensure easy, hassle-free and business-friendly implementation of the new VAT law.
14 June 2019
Devalue Taka to help garment exporters
The government should support the garment exporters by devaluing taka against US dollar instead of giving them direct cash incentives, two economists said yesterday.
13 June 2019
Businesses happy, suggest tweaks
Businesses yesterday welcomed the budget as the government proposed some new initiatives which would aid growth, give rise to new entrepreneurs and enable more people to enjoy benefits of social safety net programmes.
13 June 2019
Public enterprises incur Tk 4,325cr losses
After a span of five years, state-owned enterprises jointly incurred a loss in the outgoing fiscal year largely because of Bangladesh
12 June 2019
Govt’s bank borrowing to soar 77pc
The government may bump up bank borrowing by as much as 77.32 percent to Tk 54,800 crore for financing the budget deficit in fiscal 2019-20 as it looks to reduce overdependence on saving instruments.
11 June 2019
Highest ever export earnings in May
Bangladesh raked in $3.81 billion in exports in May, the highest single month receipts in history, riding on the higher shipment of apparels, official data showed yesterday.
10 June 2019
Tk 100cr fund for budding entrepreneurs
The government is set to create a Tk 100 crore fund for start-ups as it looks to alleviate youth unemployment, which is progressively becoming an albatross for the country.
10 June 2019
Gloom looms over Dhaka for lack of foresight
Tougher competition in global trade awaits Bangladesh from next year when a mega trade deal among countries accounting for over 39 percent of the global GDP is scheduled to come into effect, sans Dhaka.
9 June 2019
Cash incentive inadequate
The government’s proposal to increase cash incentive by one percentage point for exporters is insufficient to jumpstart shipments from many sectors, said leaders of different trade bodies.
8 June 2019
Import of knitted fabrics on the rise
Import of knitted fabrics is spiralling thanks to the growing tendency of the Western retailers to demand the use of fabric from a
3 June 2019
Most garment workers get bonus, salary
All BGMEA member factories have given Eid bonuses to their workers, while about 90 percent have paid the salary for the month of
2 June 2019
China RMG factories may shift to Bangladesh
Some Chinese garment makers want to set up factories under joint venture in Bangladesh as they see the country as a competitive destination to relocate plants amid raging US-China trade war and the rising cost in the world’s second largest economy.
1 June 2019
Capital market, real estate to get a shot in the arm
The government is likely to take several steps for reviving the capital market and the real estate sector, including a cut in tax for flat purchase, in next fiscal year’s budget.
30 May 2019