Corporate
Corporate
Import of 28 categories goods banned
New import policy Staff Correspondent: The new import policy order has banned the import of 26 types of products including shrimp, condensed sugar, artificial mustard oil. The previous order had banned the import of 12 categories of goods but this time it has more than doubled. On April 24, the…
Read More »Govt employees’ salaries to be increased by Tk 606 cr
11.28 pc of total budget for FY 2022-23 Mahfuja Mukul: The non-development expenditure sector is accounting for 74 percent of the total expenditure of the budget for the next financial year. Incentives-subsidies, interest payments on loans and salaries of government employees account for about 49 percent. Of this, Tk 1,08,145…
Read More »Chinese company to invest $50m in BEPZA economic zone
Industry Desk: Chinese Company Venus Beauty Limited is going to set up a hair fashion accessories manufacturing industry in Bangladesh Export Processing Zone Authority (BEPZA) Economic Zone with an investment of US$50 million.This fully foreign owned company will produce annually 226.09 million pieces of fashion accessories, plastic comb, mirror, headband,…
Read More »Eid sales poised to surpass pre-pandemic levels
Staff Correspondent: Broad smiles have finally returned to the faces of millions of Bangladesh’s retailers as shoppers have flocked to markets to complete their Eid shopping since the beginning of Ramadan.Shop owners have fought an uphill battle to stay afloat since the pandemic hit the country two years ago as…
Read More »Import of luxury items to be controlled till global inflation normalises
Staff Correspondent: Finance Minister AHM Mustafa Kamal has said that imports of luxury goods will be controlled till the red-hot global inflation normalises and comes down to a tolerable level.He revealed the information after a meeting of the Cabinet Committee on Public Purchase yesterday. He said that imports were never…
Read More »Govt seeks $500m more budget support
from WB, IMFDiplomatic Correspondent: Bangladesh will be seeking an additional $500 million in budget support at the Annual General Meeting of the World Bank (WB) and International Monetary Fund (IMF) to fight the corona crisis and for economic recovery, official sources said. The weeklong meeting is being held physically in Washington DC…
Read More »Budget challenges need to overcome
Allocations for mega projects likely to increase anew Golam Mostafa Jibon: The upcoming budget for Financial Year (FY) 2022-23 is being produced with the goal, which may be document of the next national parliamentary election for the government. Country’s people are expecting some good news in this budget with a…
Read More »NBR misses Tk 3.30 tr revenue target
Staff Correspondent: The National Board of Revenue (NBR) may miss the fiscal revenue collection target as about half of the revenue collection is yet to be done with only four months left of the current financial year.Latest NBR data shows that the revenue board has collected Tk1.76 lakh crore in…
Read More »Shares of 40 cos have no buyer
Mahfuja Mukul: Investors have lost interest in buying shares of 40 companies listed on the stock exchange. The number of buyers in the companies has been steadily declining since the start of trading yesterday. At one point it becomes buyer zero. This information has been known from DSE sources.The companies…
Read More »Insurance cos in CEO crisis
Many insurers haven’t CEO for more than 2-yrs Mahmuz Emran: There is still an image crisis in the country’s insurance sector. The sector did not develop as expected due to various reasons. Even after that, the government has approved one new insurance company after another. Most of these politically sanctioned…
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Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
