Dhaka February 24, 2025, 6:32 am
The tariff cuts will take effect on July 1, five days before President Donald Trump impose 25 per cent tariffs on $34 billion worth of imports from China
US companies can make a good contribution to power and energy sector Bangladesh through direct investment as Bangladesh require huge investment in the sector
The establishment of the power grid will be "a game changer" in the economic cooperation among BIMSTEC countries
The finance minister tabled the Finance Bill 2018 in the JS. With the passing of the Finance Bill, the budget exercise is partially completed, as the JS needs to pass the Appropriation Bill today
The target has been set in the 7th five-year plan to attain an average 7.4 percent GDP growth annually. The GDP growth will increase to 8 percent in 2020
Since the Saudi government hasn't confirmed its pledged fund yet, Govt decided to set up the mosques on their own
By providing additional electricity to about 300,000 consumers, the plant will stimulate business expansion and create new jobs
All the three major indicators -- Net Present Value (NPV), Benefit-Cost Ratio (BCR) and Internal Rate of Return (IRR) -- have shown either negative or "zero" return from the costly road project
China would drop tariffs on soybeans, soybean cake and fishmeal originating in Bangladesh, India, Laos, South Korea and Sri Lanka from July 1
Of the total project cost, Taka 132.83 billion will come from the GoB portion, Taka 238.9 billion from the organisation’s own fund while the rest of Taka 28.39 billion from project assistance
In case of a full-scale trade war, it showed that the average tariffs could rise to as high as 30 per cent for American exporters, 35 per cent for the European Union (EU) and 40 per cent for Chinese exporters
Sluggish activities in the T-bills and T-bonds are having an impact on the growth of the country's bond market
Bangladesh Sugar and Food Industries Corporation (BSFIC) finds it hard to reimburse bank debts and make other payments for lack of required funds
The gas distribution companies in their unified proposals sought the average natural gas tariff be raised to Tk 12.95 per cubic metre (cm) from the existing Tk 7.39 per cm
The leaders of Association of Bankers, Bangladesh (ABB) have also requested the central bank to intervene in the public sector banks for depositing their funds with the PCBs at maximum 6.0 per cent interest rate.
The Association of Banks (BAB) decided to bring down the interest rate on lending to 9% and that on deposits to 6% from the existing levels. The new interest rates will go into effect from July 1
The request came as they said an investigation report is necessary to continue with legal cases filed in the Philippines to recover the stolen money.
"The entire burden of investment for structural change in the economy as well as the private sector has fallen on the commercial banks, which is very unusual and very dangerous," he cautioned.
The government awards the CIP status to businesspeople from 22 sectors based mostly on the export income and the expansion of overseas markets.
Some 43 lead ministries/divisions will take part in the conference. Work plans prepared by the ministries and divisions on the SDGs may be unveiled during the national conference
