All Finance

Covid-19 claims 26 lives in a day, daily infection rate drops to 4.69 percent

Canada: Justin Trudeau's Liberal Party wins snap poll gamble but misses majority

Four countries will join Bangladesh's victory parade in Parade Square

Bangladesh has surprised the world under the leadership of the Prime Minister Sheikh Hasina

Bangladesh to export 2,000 tonnes of Hilsa fish to India ahead of Durga Puja

Bangladesh to export 2,000 tonnes of Hilsa fish to India ahead of Durga Puja

Dhaka, September 21: The Commerce Ministry has allowed 52 companies to export Hilsa fish (Ilish) to India on the occasion of the upcoming Durga Puja. Each company has been allowed to export a maximum of 40 metric tonnes, for a total of 2,080 metric tonnes of the delicacy.

Covid-19 pandemic has hindered economic progress: Finance Minister

Dhaka, September 18: Referring to Bangladesh's economic tolerance and the strong leadership of Prime Minister Sheikh Hasina, Finance Minister AHM Mustafa Kamal said Bangladesh is committed to achieving the SDGs by 2030 and establishing itself as a developed and prosperous country by 2041. However, he said, like all other countries, the Covid-19 pandemic has hindered the country's economic progress.

Complaint lodged against Chairman-MD of Evaly at Gulshan police station

Dhaka, September 16: A victim named Arif Baker has lodged a complaint with the DMP's Gulshan police station against Shamima Nasrin, chairman and Mohammad Rassel, managing director (MD) of e-commerce site Evaly. On Thursday (September 16) at around 12:20 am, the victim physically appeared at the Gulshan police station and submitted a written complaint.

Bangladeshi citizens' per capita foreign debt stand at Tk 24,890

Dhaka, September 15: At present, the per capita foreign debt of the citizens of Bangladesh is Tk 24,890 rupees. The information was given by Finance Minister AHM Mustafa Kamal in response to a question from Chittagong-4 constituency ruling party MP Didarul Alam on Wednesday (September 15). Speaker Dr. Shirin Sharmin Chowdhury presided over the question and answer session.

Slow down in ADP as seven ministries and departments have not spent money in two months

Dhaka, September 11: Due to the coronavirus pandemic, the implementation rate of the development program has slowed down for the first time in the current financial year (2021-2022). In the first two months of the 2021-22 fiscal year (July-August), the progress rate of the Annual Development Program (ADP) is only 3.52 percent.

ECNEC approves project worth Tk 4,300 crore to develop youth as skilled workers

Dhaka, September 8: The government has taken initiative to develop the youth and women and backward classes as employment-friendly and demand-based workforce. To this end, the Executive Committee of the National Economic Council (ECNEC) has approved a project at a cost of Tk 4,300 crore.

Several brands sign agreement to protect workers in Bangladeshi garment industry

Dhaka, September 3: At least 80 world-renowned brands have agreed to a new contract to protect thousands of garment workers in Bangladesh. Several companies have already signed the agreement, while the rest are expected to sign in the next few days and months, according to a report by British daily The Guardian on Wednesday (September 1).

Asian Development Bank to provide USD 1.78 billion for Dhaka-Sylhet trade corridor

Dhaka, August 28: The Asian Development Bank (ADB) has approved a USD 1.78 billion Multitrans Financing Facility (MFF) for the construction of the Dhaka-Sylhet Trade Corridor. The bank is providing the loan to Bangladesh for speeding up the construction of the corridor, road-highway safety and improving regional trade.

Russia interested in investing in fruit processing, food preservation

Dhaka, August 25: Russia has expressed interest in investing in various fruit processing and food preservation in Bangladesh. Russia's Ambassador to Bangladesh Aleksandr Mantytsky stated the same during a courtesy call on Food Minister Sadhan Chandra Majumder at the Secretariat on Tuesday (August 24), according to a press release from the Ministry of Food.

52 tons of explosives arrives in the country from India

Dhaka, August 23: Around 52.5 metric tons of explosives have arrived in the country from India through the Benapole port. On Sunday (August 22) afternoon, six Indian trucks carrying explosives entered the Benapole port through the Indian port of Petrapole.

Russia to import mangoes from Bangladesh

Dhaka, August 18: Russia wants to import mangoes from Bangladesh. Aleksandr Mantytsky, Russia's ambassador to Bangladesh, expressed interest during a meeting with Agriculture Minister Abdur Razzak at the Secretariat on Wednesday (August 18), the lawmaker told reporters.

BGMEA wants opportunity to import raw materials through all land ports

Dhaka, August 16: BGMEA, an organization of garment manufacturers and exporters, has sought the facility of import and partial shipment of raw materials in the textile and garment sector through all land ports including Benapole. BGMEA president Farooq Hasan made the demand in an application along with Commerce Minister Tipu Munshi on Saturday. The petition calls for land port storage, warehousing capacity and increase in manpower to overcome the crisis in Corona.

Central bank rejects request to reduce interest rate on deposits

Dhaka, August 12: The central bank has rejected a request by the managing directors (MDs) of scheduled banks to reduce the minimum interest rates on deposits. Bangladesh Bank announced the decision at a bankers 'meeting with the banks' MDs on Wednesday (August 11). The meeting was held six and a half months later due to the Corona pandemic.

Remittances will remain unchanged: Finance Minister

Dhaka, August 12: Finance Minister AHM Mustafa Kamal has expressed hope that remittances will remain unchanged. The finance minister told reporters at an online briefing after the 22nd meeting of the Cabinet Committee on Economic Affairs and the 27th Public Procurement on Wednesday (August 11). The meeting was held under the chairmanship of the Finance Minister.

ECNEC approves 10 projects including 5G expansion in villages

Dhaka, August 10: The Executive Committee of the National Economic Council (ECNEC) has approved 10 projects, including the expansion of Teletalk's network at the village level and modernization of the network to provide 5G services. The total cost for the implementation of the projects has been estimated at Tk 7,985.51 crore. Of this, Tk 6,660.29 crore will be available from government funds, the company's own financing will be Tk 139.09 crore and Tk 1,088.13 crore will come as foreign loans.