Business

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

The net investment in the national savings certificates and bonds increased by 1,186.32 per cent in the first 10 months of the current financial year 2013-14 compared with that in the same period of the FY13. According to the latest data of Directorate of National Savings, the net investment in the savings instruments was Tk 8,734.50 ... Read more

The government is likely to extend the tax holiday scheme for another couple of years aiming at enhancing investment and creating employment opportunities, said NBR officials. In the current financial year 2013-14, the government extended the scheme from June 2013 to June 2015. Finance minister AMA Muhith during his budget speech

The UN’s Food and Agriculture Organisation has estimated 2014 Bangladesh’s rice imports to nearly triple to about 4,00,000 tonnes due to lower prices in international market. The FAO reports that most of the imports are by the private sector, reports oryza.com web site on Thursday. The FAO estimates 2014 aggregate paddy

The prices of broiler, gram and red lentil increased in the capital’s kitchen markets over the week ending Friday. Traders said the prices of the commodities increased due to their increasing demand. The price of broiler increased by Tk 10 a kilogram and the item was selling at Tk 150-Tk 160 a kg on Friday. Abul Bashar, a ... Read more

CSR spending ceiling for corporate taxpayers to go up The government is likely to increase the threshold of tax-free income derived from agricultural activities in a bid to encourage people to engage in the sector, officials of the National Board of Revenue said. The tax-free income limit for agriculture sector may be set at Tk 1 ... Read more

Suggest economists, former diplomat Economists and a former diplomat on Thursday said that Bangladesh should continue its diplomatic effort to revive generalised system of preferences in the US market as the facility was crucial more for the country’s image than for the economic benefit. If the government took proper steps in time

The parliamentary standing committee on textiles and jute ministry on Thursday recommended the government for imposing high import duties on raw materials of polythene with a view to discouraging polythene bags and encouraging jute-packing. Members of the watchdog body at a meeting held

Detects other faults like lack of fire equipments, doors Ninety-nine per cent of the 508 readymade garment factories the Alliance for Bangladesh Worker Safety has inspected are found structurally sound, said Alliance officials. The North American retailers’ platform has listed for inspection a total of 630 garment units from which its members procure products. Of the ... Read more

Dhaka stocks fell flat on Thursday with turnover remaining the same as the day before when a section of investors went on selling shares following last two days’ rise. DSEX, the benchmark general index of Dhaka Stock Exchange, declined 0.01 per cent, or 0.50 points, to close at 4,430.47 points. Turnover of the

Industries to be relocated in the underdeveloped regions in the country from the overcrowded cities like Dhaka are likely to get an attractive income tax rebate in the coming budget for the fiscal year 2014-15, finance ministry officials said. Finance minister Abul Maal Abdul Muhith may propose

Bangladesh Bank governor Atiur Rahman on Wednesday said that the good corporate organisations are getting loans at 11 per cent interest. ‘I have been told by the business people that they are getting loan at 11 per cent,’ he said while speaking as chief guest at a luncheon organised by American Chamber of Commerce in Bangladesh ... Read more

The disbursement of foreign loans and grants increased by 17.04 per cent in 10 months of the current fiscal year of 2013-14, showed the latest data of Economic Relations Division. The total disbursement in July-April period was $2,369.58 million against $2,024.44 million in the same period of the previous fiscal year. The commitments of foreign loans