National,Front Page
The government stands beside the country’s businessmen with cash incentive to keep the economy alive during the Covid-19 pandemic.Prime Minister Sheikh Hasina has already announced incentive packages of Tk 120,153 crore in 21 sectors to protect all sectors from recession amid the Covid-19 pand...
Foreign investment in manufacturing electric cars in Bangladesh will be another achievement in boosting the country’s economy.With the advancement of cutting edge technology, the world is moving towards electric car production. The electric cars are gaining popularity across the world for curb...
National,Back Page
Bangladesh’s five-year plan aims to create more than 1.19 crore new jobs in the next five years to make good the economic losses incurred from the Covid-19 pandemic, General Economics Division (GED) sources said.Of this, 84.20 lakh jobs have been created in the country and 35 lakh abroad, they...
Remittance inflow hits a record $20.73 billion till December 14 this year ahead of the country’s 50th Victory Day.The country’s remittance crossed $20 billion benchmark for the first time in the history. It is almost 42 percent more from the figure of the same time of previous year. It w...
The government is prepared with more emergency response fund amounting to Tk 5,688 crore in order to tackle the second wave of the Covid-19 pandemic.The government has ensured most of the funds from the World Bank and Asian Infrastructure Investment Bank.The Covid-19 Emergency Response and Pendamic ...
Business,Front Page
Agent banking is playing a big role in the all-time record remittance inflow, staying beside the people during the Covid-19 crisis.Remittance stood at Tk 22,801 crore through agent banking in the first nine months of the current year, according to Bangladesh Bank data.The flow through agent banking ...
The government has a plan to start the Dhaka International Trade Fair (DITF-2021) on March 26 this time instead of first January due to Coronavirus pandemic, officials said.Although the Covid-19 has created uncertainty about starting the trade fair, the government is preparing to organize the upcomi...
The government’s good initiatives will not be successful in building a strong capital market unless the key players of 1996 and 2010, responsible for the devastations of the stock market, are removed from the process, experts said.After almost 50 years of independence, Bangladesh has not built...
China is set to become a major export and investment partner of Bangladesh as the country gets almost 100 percent duty-free access to Chinese market, experts said.Besides, China is the first country to recover from its economic losses from Covid-19 crisis, which has created big opportunity for Bangl...
Bangladesh Bank is providing timely support to exporters and remitters by purchasing dollar from commercial banks to stabilize the foreign exchange market, experts said.They said the central bank has protected exporters and remitters from the appreciating trend of the local currency against US dolla...
A joint work plan has been taken to break the unholy nexus of syndicate to control the skyrocketing price of essentials.The policy-making levels of the government have recently met to devise a way to break the market syndicate. They also discussed elaborately how to earn self-reliance in daily essen...
Agent banking, which means offering limited financial services to unbanked people through hired agents, has taken banking services to the doorstep of rural people.Many people who would not think of opening bank accounts have now come under banking services thanks to the introduction of agent banking...
The government has taken a mega project involving Tk 5908 crores in order to recover the loss caused by cyclonic storm and flood.The project proposal will be placed at the regular weekly Ecnec meeting today (Tuesday) to get approval, a planning commission official said.The official said many roads a...
As the capital market strengthens the country’s economy, it is time to encourage good companies for long-term financing, paving the way for the revival of stocks, experts said. In absence of quality securities, the capital market is still unable to play its due role in expanding ec...
Sending money home by expatriate Bangladeshi workers through formal channel is on the increase since June this year, leading to a spike in the remittance inflow.Economists and bankers have attributed the rise in the use of formal channel in remitting money mainly to the ongoing coronavirus pandemic,...
Amid the growing demand for personal safety equipment thanks to the coronavirus pandemic, unscrupulous businessmen have flooded market with fake and substandard safety kits pushing public health in jeopardy.Market source said unscrupulous businessmen are engaged in marketing uncertified personal pro...
The Bangladesh Bank has resumed purchasing the US dollar directly from commercial banks after almost three years to stabilize the country's foreign exchange (forex) market.Besides, the central bank is providing cash in the market by buying dollars to prevent devaluation. In the first four m...
Stock markets-capitalisation (Investors’ investment on stocks) increased by almost Tk 14,000 crore in the last week amid growing general investors’ growing confidence in selective large-cap issues based on the latest corporate declarations.In the last week, the market capitalisation of t...
The country’s manufacturing industry is playing a vital role in the growth of the economy, says the economic survey report 2020 prepared by economic division of the finance ministry.Although at one time agriculture contributed the most structurally to growing economy, now that picture has chan...
The government has taken a project to dredge and maintain the inner and outer channel of Ramnabad immediately to facilitate 20,000-tonne coal-laden vessels to reach Payra Port, a thermal power plant in Patuakhali, directly.The project will be implemented at a cost of Tk 437.30 crore on an emergency ...
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