Bangladesh needs more warehouse space: WB Bangladesh will need 26.74 million square feet of additional warehouse space by fiscal 2021-22 thanks to the spiralling foreign trade, according to a survey of the World Bank. Currently, the demand for warehouse space, mainly for storing imported and exportable goods near ports, is 41.5 million square feet, according […]
Power, infrastructure to get priority in upcoming budget: Muhith Finance Minister AMA Muhith yesterday said education, health, power, energy, and infrastructure would get priority in the upcoming budget. He said the next budget would be placed in the House on June 7 and this would be the last budget of the current government. “The size […]
Much more needs to be done to attract FDI Every year billions of dollars are crossing nation’s boundaries but Bangladesh is receiving only a tiny fraction of that. It is receiving much less foreign direct investment (FDI) compared to the size of its economy; many smaller economies are receiving more in this respect. Bangladesh wants […]
Experts’ no to at-grade 6-lane Dhaka-Ctg expressway The government is moving ahead with a plan to build a 218-km at-grade six-lane expressway alongside the existing Dhaka-Chattogram national highway despite local people’s serious concern over the relocation of thousands of houses, educational institutions and other establishments, reports UNB. Officials at the Road Transport and Bridges Ministry […]
Four ‘fast-track’ projects of transport sector not ‘on-track’ The four ‘fast-track’ projects of the country’s transport sector have fallen behind their respective completion target due to tardiness in their implementation process, officials said on Wednesday. They said among the total 10 ‘fast-track’ projects, the government has given utmost priority to four transport sector projects. These […]
Kobsak Pootrakool, centre, a minister attached to Thai Prime Minister’s Office, attends a discussion on Bangladesh-Thailand trade at Sonargaon Hotel in Dhaka yesterday. Kazi M Aminul Islam, executive chairman of BIDA; Shubhashish Bose, commerce secretary, and Shafiul Islam Mohiuddin, president of FBCCI, were also present. Photo: Star Thailand keen to invest in large infrastructure projects
Bangladesh tops China, India
NBR moves to tax Facebook, Google The revenue authority is taking steps to realise value-added tax on digital advertisements on social media or other platforms by local firms following pleas from the Newspaper Owners’ Association of Bangladesh (NOAB). Digital advertisement is progressively accounting for a lion’s share of companies’ advertisement budget and it is not […]
Benapole land port needs more warehouses Businesses that trade with India yesterday demanded more warehouses at the Benapole land port by private sector players like in the Chittagong port for proper storage of imported and export consignments. “It’s absolutely a necessity,” said Motiar Rahman, a clearing and forwarding agent, adding that 19 private warehouses were […]
Private sector foreign loans a latent danger Misuse of funds and rising exchange rate are pushing many short-term foreign loans into the overdue territory and in so doing posing a concern for the economy, analysts said yesterday. In 2017, short-term foreign borrowing, which tends to be for less than three years, stood at $8.44 billon, […]