National,Front Page
Jute and jute goods export has maintained an upward trend amid Covid-19 pandemic as export earnings from this sector soared 31.63 per cent year-on-year to US$1161.48 million in the just concluded fiscal 2020-21 (FY21).Bangladesh fetched a total of US$882.35 million from exporting raw jute and jute g...
With the major economies recovering from the Covid-19 fallouts, Bangladesh's RMG exports bounced back strongly as the shipment of the prime export item is on the rise to the European Union (EU) and the United States (US) markets.Apparel export to the US, the single largest export destination of ...
The ongoing Covid-19 pandemic has turned out a boon for the country’s mobile financial service (MFS) which has helped customers make transactions at a record of Tk 71,247 crore in May this year with the daily average turnover at Tk 2,298 crore. As the Covid-19 infections restricted custom...
National,Back Page
The government is set to collect funds by selling the savings certificates in the current 2021-22 fiscal year.However, in the proposed budget it is even said that the government will take a loan of Tk 32,000 crore by selling savings certificates to the common people, but it will have to pay back at ...
Import of capital machinery maintained a steady growth of 15.20 percent in July-April period of the just-concluded fiscal year (FY21), indicating a sign of rise in investment and productivity in the manufacturing sector.During the July-April period of FY21, the value of opening of settlement of lett...
Despite Covid-19 pandemic, Bangladesh's exports to the United States (US) have maintained a steady growth in July-April period of this fiscal. This happened as the world's largest economy (US) imported goods worth US$5,680.24 million, up by US$645.23 million from the amount of the same ...
‘Fazli Aam’ (Mango) of Rajshahi and ‘Bagda Chingri’ (Shrimp) of the Khulna regions will get a GI certificate in August this year, while three other well-known products are in the pipeline for the same certification. The three products will be Sitalpati in Sylhet, Tulsima...
Foreign aid disbursement increased to US$3.72 billion in Jul-Feb period of the current FY from US$3.48 billion in same previous period.Foreign aid commitment rose to US$3.96 billion in FY21 Jul-Feb period from US$3.25 billion in the same period of FY20. Out of the US$3.96 billion, development p...
The new entrepreneurs who will invest in four agro-based sectors will get tax exemption for the first 10 years of their commercial production, an official of the National Board of Revenue (NBR) said.The sectors are agri processing, fruit processing, milk and dairy production, and farm machinery manu...
The disbursement of agricultural credit and non-farm rural credit by all scheduled banks in the first nine months (July-March) of FY21 improved significantly as the demand for loan is picking up gradually due to seasonal effects, also implementing stimulus packages along with providing interest subs...
The government has so far received investment proposals of US$ 23 billion from 127 local and foreign business bodies for Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) under development at Mirsarai. Besides, during the stagnated situation of Covid-19, the economic zone has received around US$ 5...
Both LC opening and settlement maintained a steady rise during the July-April period of the current fiscal (FY21) indicating a recovery of economic activities from the Covid-19 fallouts. The total value of import LCs opened by Authorized Dealer (AD) banks during July-April of FY21 was US$ 52,9...
The government has planned to establish and improve border infrastructures with financial support from Asian Development Bank (ADB) for reducing the cost and time of cross-border transactions.ADB will extend financial support for improving the border infrastructure and trade facilitation environment...
The government plans to arrange micro credit at 4 per cent interest rate for the entrepreneurs of the F- commerce, the newest form of e-commerce, as it is on the rise all over the country.To ensure smooth progress of f-commerce, the commerce ministry is working on finalising digital commerce operati...
Revenue collection from some sectors, including cigarette, pharmaceuticals, mobile phone and cement, grew significantly in the July and April period of the current fiscal (FY21).The National Board of Revenue (NBR) mobilized Tk 193.26 billion tax revenue in April, which was Tk 89.40 billion in the co...
Bank & Insurance,Front Page
Bangladesh Bank (BB) has started reviewing the performance of banks in disbursing stimulus package of Tk 20,000 crore for revival of small and medium enterprises (SMEs) that are struggling with adverse impacts of the second wave of Covid-19. Sources said a team of the central bank has b...
Export earnings have bounced back riding on a sharp rise in shipments of knitwear, chemical products, jute and jute goods in May. These have fetched the country $3108.09 million, up by 112.11 per cent year-on-year.This was the result of some relaxations of Covid-19 pandemic restrictions over the las...
The government is planning to increase tax collection on the wealth of the very rich people in the country to relieve low-income people under new pressure due to the budget, said an official of National Board of Revenue.Finance officials said the amount of human resources in Corona has increased as ...
Imported perishable goods are expected to get customs clearance at ports within 48 hours of submission of the bill of entry or export completing all customs procedures with the government set to approve a rule in this regard soon.Sources said a rule with a provision to release imported perishable it...
Bangladesh Bank (BB) has allowed members of the e-Commerce Association of Bangladesh (e-CAB) to send $10,000 a year abroad to foreign companies such as Facebook and YouTube, without its prior permission.e-CAB members now can send the money through banks and international credit or prepaid cards. By ...
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