Bangladesh
Bangladesh
Private sector credit increases 8.42 pc in Aug
Staff Correspondent: Credit flow to the private sector has been growing gradually as July and August figures show mainly on the back of demand for working capital.Private sector credit rose to 8.42 percent in August from 8.38 percent in July, according to the central bank.July figure had also improved by…
Read More »Govt to procure 1 lakh metric tons of wheat from Russia
Staff Correspondent: The government has taken a decision in principle to procure some 1 lakh metric tons of wheat from Russia on G to G basis under Direct Procurement Method (DPM) to meet the growing demand of wheat in the country.The decision was taken at the 27th meeting of the…
Read More »BD agriculture may be jeopardised in 25-yrs
Agri-contribution in GDPdeclining 0.5 pc every year Mahfuja Mukul:The contribution of agriculture sector to Bangladesh GDP is declining day by day due to the less interest in agriculture by the marginal farmers. The main reason behind the declining of interest in agriculture is the price disparity and less marketing facility.The…
Read More »New GSP to make poor gain for BD
Special Correspondent:The European Commission has proposed a new GSP (generalised scheme of preferences) framework which focuses on core issues like climate protection, good governance, and lowers thresholds for exports which, an economist and businessmen fear, may limit Bangladesh’s gains from “GSP plus” in key export items like apparels.The proposed scheme,…
Read More »Acute gas crisis hits industrial production
Ceramic productiondeclining Tk 3 cr daily Golam Mostafa Jibon: The production of different industries and factories is being hampered due to acute crisis of gas that posing threat to the country’s economy.Meanwhile, the decision to keep closure of all CNG filling stations across the country for four hours from 6:00…
Read More »Global inaction over Rohingya repatriation shocks BD: PM
Industry Desk:Prime Minister Sheikh Hasina has demandedintensified global actions with “real urgency” to repatriate Rohingyas,saying major international powers inaction over the crisis shocked Bangladeshas it extended them makeshift refuge on humanitarian grounds, straining thecountry’s resources.“As I repeatedly said they (Rohingyas) are Myanmar nationals and hence,they must go back to their…
Read More »Highway model filling stations on the card
Staff Correspondent:The government has undertaken an initiative to introduce international standard petrol pumps having modern facility across the country, said an official familiar with the process.“For this, the government wants to implement the concept of ‘Highway Model Filling Station’ all over the country and reduce the number filling stations having…
Read More »Country’s e-commerce turns into digital trap
Golam Mostafa Jibon : As the e-commerce is gaining popularity and dependency across the world, it has now turned into a digital trap for Bangladeshi people due to continuous fraudulent activities by some e-commerce entrepreneurs.Lack of proper monitoring and appropriate law in this regard is the main reason behind the…
Read More »Govt doesn’t agree to take liability of fraudulent e-commerce cos
Mahfuja Mukul:After the multiple scams by the so called MLM companies including Jubok, Unipay2u, Distiny-2000, SPC, A1 Health Care Limited, Lifeway Bangladesh (Pvt) Limited andNovera Products, the cheating e-commerce companies so far have sucked at least Tk 10,000 crore from the common people either giving them lucrative interest or providing…
Read More »Hasina woos US investors offers attractive facilities
Industry Desk: Prime Minister Sheikh Hasina has sought US investment in various potential sectors apart from the existing energy, banking and insurance sectors as Bangladesh is developing its infrastructure and power supply systems to facilitate FDI.“The US is, of course, the largest investor in Bangladesh with stakes in energy, banking…
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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 …
