Muhith for developing specialists for export sectors Bangladesh needs to develop specialists for the export-oriented sectors as they largely rely on foreign experts, who take home $5 billion each year, said Finance Minister AMA Muhith yesterday. He said in cooperation with the Institute for Business Administration and the Institute for Governance and Management, the government […]
WB gives $515m for power, insurance projects The World Bank has committed to providing $515 million through two projects, one helping to expand electricity transmission networks and another to improve insurance coverage. The two deals were signed at Economic Relations Division (ERD) in the capital’s Sher-e-Bangla Nagar yesterday. Mahmuda Begum, additional secretary to the ERD, […]
Brighter days await ceramics The spiralling growth of the ceramics industry is encouraging entrepreneurs to invest more in the sector, experts said. Twenty new entrepreneurs are getting ready to enter the sector, said Shirajul Islam Mollah, president of the Bangladesh Ceramic Manufacturers and Exporters Association (BCMEA). Local ceramics makers are also planning to expand their […]
Muhith to check if he can cut corporate tax Finance Minister AMA Muhith yesterday promised to examine scope for reducing corporate income tax for the coming fiscal 2018-19. He gave the assurance at a meeting with secretaries of various ministries. Businesses have long been demanding it, a meeting participant quoted Muhith as saying. The meeting […]
Keep watch on banks The Metropolitan Chamber of Commerce and Industry yesterday urged the government to pay special attention to banking sector management in the budgetary measures for next fiscal year. “Almost all the banks are suffering from liquidity shortage. A big problem will arise unless this is overcome,” said MCCI Vice-President Golam Mainuddin at […]
Bangladesh faces stiffest tariff in US Bangladesh pays the highest import duties out of all the 232 exporting nations to the US because of its substantial trade in apparel and footwear — items that the US generally taxes highly. Pew Research Centre, a Washington-based think-tank, analysed data from the US International Trade Commission and found […]
China blames US for trade frictions, says negotiations currently impossible BOAO/BEIJING (REUTERS) – China stepped up its attacks on the Trump administration on Monday (Apr 9) over billions of dollars worth of threatened tariffs, saying that Washington was to blame for trade frictions and repeating that it was impossible to negotiate under “current circumstances”. The […]
Analyst shows ways to cut Indo-Bangla trade gap India should source at least 5 percent of its $400 billion worth of annual imports from Bangladesh to narrow down the ever-swelling bilateral trade gap between the two countries, said a trade analyst yesterday. Bangladesh is no longer an aid-dependent nation, but a trading one, which indicates […]
Qimiao Fan, country director of the World Bank, speaks at a press conference at his office in Dhaka yesterday. Zahid Hussain, the lender’s lead economist for Bangladesh, was present. Photo: Star WB doubts 7.65pc GDP growth estimate The World Bank yesterday questioned the 7.65 percent economic growth estimate being peddled by the Bangladesh Bureau of […]
Accord’s extension now more difficult The Accord’s bid to stay on in Bangladesh for three more years has become trickier after the High Court this week restrained the government for extending the inspection agency’s tenure because of a writ petition filed by Smart Jeans. The government has been restrained by a high court bench of […]