Shipbuilders served loan rescheduling on silver platter At a time when the country’s banking sector is going through a liquidity stress, the borrowers from the shipbuilding industry are being gifted with a 10-year loan rescheduling facility by the finance ministry.As of December last year, the total loans to the shipbuilding industry, whose contribution to the […]
Saving Kuakata’s resort character The way unauthorised structures are sprouting in the Kuakata beach town makes its fate uncertain. A concrete mess is in the making. Several committees are working to build Kuakata as an ideal resort town but not all are conforming to the plan. A master plan for Kuakata, the second largest natural […]
Najib offers lavish benefits ahead of Malaysia poll Malaysian Prime Minister Najib Razak, eager to consolidate control over this south-east Asian nation of 32m in the face of widespread but fragmented opposition, has unveiled a free-spending manifesto ahead of a general election that is expected to be held within weeks. “[This election] will determine our […]
India’s Jet Airways to buy 75 Boeing planes worth $8.8b India’s Jet Airways Ltd has entered into an agreement to buy 75 Boeing Co 737 MAX narrow-body jets, worth $8.8 billion, to meet passenger demand which has shown no sign of abating after years of growth. Jet Airways, in a filing to the stock exchange […]
IDB gives Tk 1,000cr for housing finance The Islamic Development Bank will provide Bangladesh a Tk 1,000 crore loan (€94.75 million) to help the country ensure access to housing finance for the rural and peri-urban population. The loans also aim at saving agriculture land from being eroded for housing purposes. The loan agreement was signed […]
Bring Facebook, Youtube under local tax net Newspapers owners yesterday urged the government to bring global social media platforms such as Facebook and Youtube under the tax net as they eat up half of online advertisement. The government does not have any control over global digital platforms as they do not have any office in […]
Greater enforcement of law needed to fight graft, fraud As many as 98 percent of the corporate professionals and business people in Bangladesh believe there is a need for greater enforcement of laws around fraud, bribery and corruption, a recent survey found. “Such a move would increase investor confidence, strengthen profitability and enhance reputation, which […]
Promote innovation for further growth Bangladesh needs to promote innovation to take its economy and companies to the next level of growth, said experts yesterday. Last year, Bangladesh came in at 114th spot in the Global Innovation Index. Innovation is not an option; it is imperative, said Anir Chowdhury, policy adviser of the a2i Programme […]
Eliminate middlemen from paper trade The carton manufacturers yesterday demanded direct buying rights of paper from mills as a section of unscrupulous middlemen have abnormally hiked the price of the carton paper leaving the industry of small entrepreneurs under strain. Before March 21, the carton manufacturers purchased media carton paper from the market at Tk […]
Policymakers should get to the bottom of low FDI Policymakers should find the reasons behind the low inflow of foreign investment to Bangladesh despite a number of agencies’ efforts to boost receipts, said a top official of an investment agency yesterday. “We have a number of organisations and yet foreign investment inflows are no more […]