Month: June 2014

Centre for Policy Dialogue on Sunday said that investors were refraining from making new investments in the country because of absence of investment-friendly environment. Investors are suffering from a lack of confidence in doing further investment in the absence of congenial political situation in the country, it said.

Piece-Rate Workers Body suggests factory owner-worker consultation to set wage The working committee formed by the government to identify problems of the sweater factory workers who work under piece rate system has suggested that factory owners should set rates after consultations with their workers. To resolve the prevailing disputes over payment on piece-rate basis, the committee ... Read more

The net foreign investment at the Dhaka Stock Exchange dipped to Tk 128.64 crore in May from a record Tk 572.08 crore a month before as the country’s premier bourse experienced downward trend in May. The DSE data showed that foreign investors made transactions of shares worth Tk 577.50 crore in May with Tk 128.64 crore ... Read more

Bangladesh Bank on Sunday asked scheduled banks to settle payment against foreign letters of credit on quarterly basis if the import value of products is $5,00,000 or more. To this end, the BB issued a circular to authorised dealer branches of all banks saying that late payment for external imports had been increasing in recent ... Read more

Representatives of different micro-credit institutions on Sunday said that if the government imposes taxes on micro-credit, the loan receivers would lose. They also said that the government’s poverty alleviation programme would also be affected if taxes are imposed on micro-credit. They made the

Dhaka stocks opened the week with moderate gains on Sunday ahead of the announcement of the national budget on Thursday. DSEX, the benchmark general index of Dhaka Stock Exchange, advanced by 18.09 points or 0.41 per cent to close at 4,448.57 points on Sunday. In earlier trading session on Thursday stocks fell flat dropping only 0.50 points.

Bangladesh will offer either an industrial park or a special economic zone for Chinese investors to invest in Bangladesh in a larger scale during business leaders’ coming China visit, said the FBCCI president Kazi Akram Uddin Ahmed in Dhaka on Sunday. He also said Bangladesh’s export might reach $ 50 billion within a year if Bangladesh ... Read more

Fy14 Revenue Target NBR must get Tk 34,206cr in 2 months The National Board of Revenue will have to collect Tk 34,206.82 crore in the last two months of the current fiscal year to achieve the downsized revised full-year revenue collection target of Tk 1,25,000 crore, officials said. They said the NBR would have to ensure ... Read more

Tourism sector is likely to be treated as a new focus area in the coming national budget for 2014-15 for creation of jobs. Finance ministry officials said the sector would be included in the ‘focus list’ in addition to power, infrastructure and human resources development in 2014-15 fiscal year. The government believes that development of tourism would

Say businesses at a roundtable Businesses on Saturday said lack of cooperation and trust between the public and private sectors was the key challenge for implementation of the public private partnership programme in the country. At a roundtable discussion on the PPP in Bangladesh, business leaders urged the government to create more business-friendly environment and to ... Read more

Car sales have not picked up this year before the announcement of the national budget, very unlike of the previous years, because of economic slowdown the country has witnessed since the first half of the current financial year 2013-14 over political unrest centring January 5 national elections, said industry people. According to sellers, they witnessed an

Dhaka stocks gained last week after a four-week fall as the bargain hunters were out in force. DSEX, the benchmark general index of Dhaka Stock Exchange, added 1.06 per cent, or 46.41 points, in the week to close at 4,430.48 points on Thursday, last trading day of the week. The DSEX had lost 282 points in the ... Read more

International Chamber of Commerce, Bangladesh president Mahbubur Rahman on Saturday said that the country would soon turn into a $100-billion ‘trade economy’. ‘Bangladesh economy is growing up despite the unstable situation in 2013. It is expected that Bangladesh is going to be a $100-billion trade economy not