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BDF suggests real execution of rules for netting investment

The Bangladesh Development Forum (BDF) meet began here Wednesday with speakers suggesting the country implement its policy and regulatory frameworks instead of keeping those "on paper" for netting huge foreign investments it needs.Government policymakers and representatives of key foreign development fanciers pointed out challenges against pulling huge resources to achieve...

Strategy taken to face impact of graduation from LDCs: PM

Prime Minister Sheikh Hasina said on Wednesday that for the first time Bangladesh will achieve the qualification of graduation from LDC category at United Nations Committee for Development Policy's triennial review meeting to be held in March next, report agencies.Bangladesh is ready to stand with developing countries after coming out...

Taka falling against US$ despite BB's support

Depreciating trend of the local currency against the US dollar is continuing despite the central bank's foreign currency support to the commercial banks.The exchange rate of Bangladesh Taka (BDT) depreciated by five paisa against the greenback in the last two days mainly due to higher demand for the US currency...

BD woven garments losing competitiveness globally

Bangladesh's woven garments are losing competitiveness on the global market mainly for longer lead time, poor backward linkage, and insufficient gas and port facilities, businesspeople said. Woven-wear exports to the two major markets -- Germany and the United States -- took a downturn during the first half of the current...

Amendment to policy on VAT consultants' appointment soon

The revenue authorities will recast the policy on appointment of VAT consultants to prevent alleged abuse of licence for this service and appoint more such go-betweens in the tax collection.Officials at the National Board of Revenue (NBR) said the policy amendment would help meet the existing need for an adequate...

Vehicles ply the Gulistan-Jatrabari Flyover

Vehicles ply the Gulistan-Jatrabari Flyover in the capital as usual on Wednesday caring little about the recently-installed digital signal to control speed and thus avert accidents. — FE photo by Shafiqul Alam

News Watch (18-01-2018)

BGB seized Tk 12.17b smuggled goods in 2017 The Border Guard Bangladesh (BGB) seized smuggled goods and illegal drugs worth about Tk 12.17 billion (1217.55 crore) from different borders across the country in the last one year. Members of the paramilitary force seized a huge quantity of contraband such as...