Dhaka for advancing duty-free market access agenda

Bangladesh will request the World Trade Organisation (WTO) to help the country get duty-free market access to the US market when the head of Geneva-based global trade arbiter arrives in Dhaka next month, officials said. Simplification of origination rules and...

Stocks return to green after 8-day slump

After fall in eight consecutive sessions, the stocks returned to the green on Wednesday amid increased participation of investors in the trading. “Market came back into positivity with investors’ focus on lucrative scrips,” said a stock broker. In the last...

DSE, CSE see positive trend at opening

The prices of most of the shares on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed positive trend in early hours of trading on Wednesday. DSEX, the prime index of the DSE, went up by 33.03 points or...

Real estate, construction sector awaits reforms, adjustments

Over the last decade, the contribution of the real estate & construction sector in Bangladeshi economy has tripled. For an exposition of the relative growth rate of Bangladesh real estate & construction sector over the decade spanning from 2001-2012, the...

Actions need to be in tandem with \\\'Digital B’desh\\\' goal

Bangladesh, with its comparatively low GDP per capita, has been involved in the making of a highly competitive mobile telephone market. There had been a truly great year in 2007 with the mobile subscriber base increasing by 70%. Bangladesh mobile...

Making a tightrope walk easy

The finance minister of a country like Bangladesh is always at the receiving end. Mobilising funds to meet both recurrent and development expenditures remains a tough job for him/her. For the finance minister of a resource-starved country the act of...

Imports rise 14pc in nine months

The country's overall imports grew by more than 14 per cent in the first nine months of the current fiscal year (FY), 2013-14, thanks to a 140.21 per cent rise in import of food grains, officials said. "The overall imports...

JS body to probe Ctg port irregularities

The parliamentary standing committee on ministry of shipping (MoS) has decided to investigate irregularities in Chittagong port as allegations of corruption mount, sources said.   A three-member sub-committee, led by M Abdul Latif, MP, will investigate the irregularities in manpower recruitment,...

Poverty situation and bloated GDP

One different tool, the so-called purchasing power parity (PPP), used for measuring the gross domestic product (GDP) has brought about a spectacular change in a few key national statistics concerning country's economy. The GDP, according to estimates done on the...

Government in a fix over rationalising corporate tax rates in budget

The government is still in a dilemma over rationalising the corporate tax rates in the budget for the upcoming fiscal year (FY) fearing a significant loss in revenue collection with cutting of higher slabs. The National Board of Revenue (NBR)...

Cos traded on bourses despite prolonged loss

A number of listed companies are being traded on the main floor of both the bourses despite counting operating losses for more than a decade, market insiders have said. The shareholders of these companies are being deprived of their due...

Local denim exporters shining as retailers lean on Bangladesh

Diversion of orders from Bangladesh's rivals has opened up new opportunity for local denim goods producers, potentially helping the country to replace China as the world's No. 1 exporter, industry insiders said. To cope with the increasing demand, the country's...

Modi promises to bring change in India

Narendra Modi, who won a landslide victory in India's general election on May 16, made a triumphant entry to the capital, Delhi. India, world's largest democracy, is still reeling from the scale of Modi's win. No party has won by...

Modi may have to prove his antagonists wrong

May 16, 2014 will be marked as a watershed moment in the history of India when Narendra Modi and his Bharatiya Janata Party (BJP) claimed victory in India's general election having an absolute majority in the 543-seat parliament with 282...

Election in Tower Hamlets

There is a huge enthusiasm in the London Borough of Tower Hamlets on the forthcoming election scheduled for May 22.  The emotion in the East End is running high.  Wherever you go - be it in shop, relatives' house or...

Budget and sustainable garment industry

The readymade garment (RMG) industry is crucial to the economy of Bangladesh as a source of employment generation and export earnings. The industry accounts for 80 per cent of the total export earnings of the country and is a source...

DSE turnover dips below Tk 2 billion-mark

Stocks closed flat in red on Tuesday for the eighth straight sessions with turnover dipped below Tk 2.0 billion-mark once again as investors remained reluctant to make fresh investments. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended...

Allowances of government officials likely to be taxed

The National Board of Revenue (NBR) is considering to impose income tax on allowances of the government officials to make tax treatment equal with the employees of the state-owned entities and autonomous bodies, sources concerned said. The changes might take...

BJP thrives on anti-graft stir of Hazare, Kejriwal

The Aam Aadmi Party, the new anti-graft political party performed disappointingly in the Indian elections as it could secure only four seats in the 543-member Lok Sabha, the lower house of parliament. Contrary to the expectations of the party leaders,...

Agent banking as a tool of financial inclusion

After Independence, Bangladesh has come a long way in ensuring inclusive growth. But there is no room for complacency, when it comes to the state of financial inclusion in our country even after 42 years of Independence. The formal banking...

DSE, CSE open positive

The prices of most of the shares on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed upward trend in early hours of trading on Tuesday, after a week-long downturn. DSEX, the prime index of the DSE, went up...

Tanners seek Tk 2.50b at low interest for relocation

Tanners have sought an allocation of Tk 2.50 billion from next budget so that they get loan from banks at lower rate of interest as subsidy, officials said. The Bangladesh Finished Leather, Leather Goods & Footwear Exporters Association (BFLLFEA) sent...

Walton set to install electric, electronic home appliance making plant

Walton Hi-Tech Industries Ltd (WHIL), an arm of Walton, is set to set up the country's biggest electric and electronic home appliances manufacturing plant aiming to capture a big share of the domestic and regional market. The company has bought...

DSE sees year’s lowest turnover

Stocks extended the losing streak for the seventh running sessions on Monday as investors remained reluctant to make fresh investments. DSEX, the prime index of the Dhaka Stock Exchange (DSE) came down below 4,400 points mark after five months and...

Stocks open red amid choppy trading

The country's two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed negative trend in early hours of trading on Monday, the second trading day of the week. Amid a choppy trading, DSEX, the main index...

CPA ignores JS body\\\'s decision on purchase of equipment for NCT

The Chittagong Port Authority (CPA) is going to buy equipment for New Mooring Container Terminal (NCT) violating the decision of a relevant parliamentary (JS) committee. The committee earlier asked the CPA not to invest from its own fund since the...

Revenue collection marks rise in first nine months

An increased amount of VAT realised from three major corporate sectors has contributed to upward revenue collection growth in the first nine months of the current year. Cement, gas, banks, pharmaceuticals and cigarette companies have paid higher amount of value...

Term lending down, working capital up

Disbursement of industrial term loan declined by nearly 4.0 per cent in the first nine months of the current fiscal year (FY) amid a substantial rise in overall industrial lending. Such a lower disbursement of term lending has been attributed...

Syndicates active in cheating people with false hope of jobs

Syndicates are active to cheat people through offering different kinds of jobs including labourers to the billion dollar Padma Bridge Project although its main construction work is yet to be awarded. Almost every day, the project office is visited by...

The BJP\\\'s victory and Bangladesh

The Awami League (AL) general secretary has called the Bangladesh Nationalist Party (BNP) "ahammaks" for "gloating" at Bharatiya Janata Party (BJP) victory. A senior AL leader has asked the BNP not to jump like goats.  Prime Minister's international affairs adviser...