Over Tk 1100 cr spent before starting project
Second unit of Eastern Refinery Staff Correspondent: Bangladesh Petroleum Corporation (BPC) has yet to start construction of the second unit of Eastern Refinery Limited (ERL) 14 years ago to increase the capacity of fuel oil refining.…
Read More »IMF wants to know steps to reduce defaulted loans
Staff Correspondent: The country’s banking sector is suffering from various crises. One of the biggest problems is defaulted loans. The International Monetary Fund (IMF) has set a target of reducing non-performing loans of public and private…
Read More »Bangladesh records longest heatwave in 76 years
Rafiqul Islam Azad: Bangladesh is currently experiencing its longest heatwave in 76 years, surpassing the previous record for duration. Last April saw 16 consecutive days of intense heat, but this April has experienced an unprecedented 26-day…
Read More »Bangladesh invites Kuwaiti entrepreneurs to invest in economic zones
Staff Correspondent: Bangladesh has invited Kuwaiti entrepreneurs to invest in its special economic zones, with the Bangladesh Economic Zones Authority (BEZA) aiming to establish 100 zones by 2030 to attract foreign direct investment (FDI). The Bangladesh…
Read More »South Africa eyes closer ties with Bangladesh
Special Correspondent: South Africa is set to deepen its engagement with Bangladesh across multiple sectors, as the African nation, a BRICS member, positions itself as a future economic giant, said Md Solaiman Alam Seth, Honorary Consul…
Read More »Mountain girls are trafficked into China
Staff Correspondent: “I came voluntarily. The mistake was mine. Don’t blame anyone. I have no chance to return home. My plane will leave after 10 minutes. Not available on mobile either. Don’t spread bad name in…
Read More »Most banks borrowing from central bank
Acute liquidity crisis Syed Nasir Hossain : Even after Eid-ul-Fitr, the liquidity situation in the country’s banking sector has not stabilized. Rather, the cash crisis has increased in most of the banks. Two-thirds of the banks…
Read More »Power sector incurs loss of Tk 2400 cr as tax in source
Zarif Mahmud : A power distribution company has to pay tax at source at the rate of 6 percent while paying for power purchase. The electricity department claims that they have to pay a loss of…
Read More »Water not lifting in tubewells
Staff Correspondent : In Sirajganj Tarasy, most of the tubewells are not getting enough water due to the drop in ground water level at the beginning of summer. In addition to the shortage of fresh water,…
Read More »Auto-rickshaws can contribute Tk 8,000 cr revenue annually
Mahfuz Emran : If battery-powered easybikes and auto-rickshaws are approved and registered, it will be possible to generate revenue of Tk 8000 crore annually. Currently, extortionists are taking a huge amount of money from this sector.…
Read More »Over Tk 2 trillion VAT from shops could possible to collect yearly
Mahfuja Mukul: A shop called Lady Shop in Maniknagar area of the capital transacts more than lakhs of taka per day. But the shopkeeper does not pay VAT to the government. Not only lady shops, the…
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