Biz World
Biz World
ADP allocation decreasing in power-fuel, edn, health and transport sector
Revised ADP to be approved today Ibrahim Khalil Jewel: The Annual Development Programme (ADP) budget for the current fiscal year 2022-23 is witnessing a record low allocation. For this financial year, ADP allocation was Tk 2 lakh 46 thousand crore. In the revised ADP, the allocation of Tk 18,500 crore…
Read More »BD to export mangoes to Japan soon
Diplomatic Correspondent: Agriculture Minister DrAbdur Razzaque yesterday said Bangladesh will export mangoes to Japan soon and the process is at the final stage.“Japan is interested to import mangoes from Bangladesh. The work is in progress to fulfill Japan’s prerequisites. The both countries are working jointly in this regard,” he said.The…
Read More »Import falls for lacking of dollar
Mahfuja Mukul: Due to the dollar crisis, the government and Bangladesh Bank’s initiative to curb imports has reduced the country’s imports significantly. The import of most of the products has also decreased. In the first six months (July-December) of the current fiscal year, imports of foodgrains fell by 16 percent…
Read More »12 challenges hinder software exports from Bangladesh
Ibrahim Khalil Jewel: Bangladesh is a developing country, which has made significant progress in the information technology (IT) sector in recent years. With a growing pool of talented professionals, the country has the potential to become a leading software exporter in the region. However, despite this potential, there are several…
Read More »Adani looks to prepay Rs 8,000 cr loan in 45-day
Asifiqbal Thakoor from Delhi: Gautam Adani is planning to pre-pay its large parts of its loans against shares (LAS) portfolio of Rs 7000-8000 crores taken at the shareholder level which are backed by share pledges, to soothe investor nerves, said people in the know. A formal decision on this is…
Read More »Adani’s financial scams puts Modi at high risk
Gautam Adani and Modi trusted duo Asifiqbal Thakoor: School dropout Gautam Adani has become Asia’s richest man. But with what happened last week, the Indian national faced the biggest challenge of his business career so far.It’s been a rollercoaster week for one of the world’s richest men. He saw his…
Read More »IMF likely to approve $4.5 b loan for BD
Industry Desk: The Executive Board of the International Monetary Fund (IMF) has agreed in principle to approve $4.5 billion loan for Bangladesh, Finance Ministry officials said yesterday.Several Finance Ministry officials said they have received indications that the multilateral lender’s board has agreed in principle to approve Bangladesh’s loan request.An IMF…
Read More »Dollar being wasted in import of non-essential products
Industry Desk: A huge amount of foreign currency is being wasted by importing non-essential products which are being produced in the country.According to a data of Bangladesh Bank, 45 percent of the total import expenditure was spent in such products in the fiscal year 2021-22. About 4,900 crore dollar worth…
Read More »Crimes rising for random
use of cryptocurrencyGolam Mostafa Jibon: Despite the ban, the use of Cryptocurrency especially Bitcoin is still going on in the country causing expansion of criminal activities.Experts said that, the rampant use of illicit virtual currency is helping to instigateseveral types of crimes including illegal arms and drug trade, money and human trafficking…
Read More »Amazing trade relationship of BD with Brazil, Argentina
Bangladesh exports to Brazil and ArgentinaRMG, medicines, plastic products, leather products, shoes, children’s toys, mattresses and medical equipment. Bangladesh imports from Brazil and Argentina: 51 pc of annual import of soybean oil comes from Argentina and 24 pc from Brazil. Ibrahim Khalil Jewel: When the football world cup comes, the…
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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 …
