Tk 6 tr mega budget to be announced today with fear and possibility
Golam Mostafa Jibon: As the whole world is facing devastation due to the deadly clutch of corona pandemic, the Finance Minister AHM Mustafa Kamal is however going to present the mega budget of Tk 6 trillion…
Read More »Dhaka hopes London to promote climate vulnerable countries: PM
Staff Correspondent: Prime Minister Sheikh Hasina yesterday said Bangladesh expects that the United Kingdom (UK) will promote the interest and priorities of climate vulnerable countries to the international platforms.The premier passed this remarks while COP-26 President-designate…
Read More »Tk 6.03 lakh cr budget to be placed in JS: Kamal
Special Correspondent: Finance Minister AHM Mustafa Kamal is set to place over Tk 6.03 lakh crore national budget for fiscal 2021-2022 (FY 22) in the Jatiya Sangsad (JS) today amid the COVID-19 pandemic aiming to expedite…
Read More »India loses orders to BD Vietnam and Sri Lanka
Industry Desk: Businesses worldwide have been hurt by the COVID-induced economic crisis. Indian textile and apparel manufacturers are suffering severely and some regions of the country facing a huge struggle. The garment exporters in Noida and…
Read More »Banking sector faces acute liquidity crisis
Faces Tk 13,000 cr liquidity shortfall now Among the reasons behind the negative cash flow of the bank, non-recovery of outstanding loans and lower collection of deposits are significant Golam Mostafa Jibon: Country’s banking sector has…
Read More »Govt to expand social safety net in upcoming budget
UNB: The government is set to expand the social safety net in the upcoming budget as the Covid-19 has pushed at least 2.5 crore people below the poverty line.In the forefront of the beneficiaries are the…
Read More »Vaccine registration to resume after arrivalof Chinese doses
Staff Correspondent: The new registration for Covid-19 jabs will be resumed after the arrival of Chinese vaccines in Bangladesh, said Health Minister Zahid Maleque yesterday.Earlier last week, Foreign Minister AK Abdul Momen said that the government…
Read More »Pandemic hits hard Cox’s Bazar tourism
Cox’s Bazar Correspondent: Several horses have died of starvation in the beach town of Cox’s Bazar as the coronavirus pandemic laid waste to Bangladesh’s tourism industry.Owners said they are finding it hard to make an income…
Read More »RMG export may recover
fully by Oct: BGMEAStaff Correspondent: A full recovery in garment export may take place by October this year, said Faruque Hassan, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).“We are hopeful because majority of the people in the…
Read More »Banking system’s
outlook still weakStaff Correspondent: Banking sector’s profitability in Bangladesh would remain under pressure due to high provisioning requirements and a bleak forecast for the credit growth. This will happen due to prolonged economic stagnation, according to Fitch Solutions…
Read More »88 pc shops still remain out of VAT
Staff Correspondent: Some 88 percent of shops still remain out of the Value Added Tax (VAT) net, according to a recent survey conducted by the VAT Intelligence and Investigation Directorate.Out of 1,024 shops at eight markets…
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