Govt vows to address private sector’s woes Finance minister and prime minister’s key adviser meet business leaders Star Business Report. The finance minister and a key adviser of the prime minister yesterday came up with big promises to improve the business climate, reduce the interest rate on lending, bring down bad loans, boost revenue income […]
ADB gives $50m for development of microenterprise Unb, Dhaka The government and the Asian Development Bank (ADB) yesterday signed an agreement for a $50 million loan to promote microenterprise development for inclusive economic growth and poverty reduction. The assistance will help improve microenterprises’ access to finance through Palli Karma Sahayak Foundation (PKSF)—an apex development finance […]
BB may seek opinions from minister, legal experts Star Business Report The central bank may hold a meeting with the law minister, the attorney general and judges to take their opinion on how to amend the existing laws with a view to clamping down on habitual defaulters. At a meeting with the central bank yesterday, […]
Exports rise 7.92pc Star Business report Exports fetched $3.68 billion in January, up 7.92 percent year-on-year, on the back of robust growth of garment shipments. With January proceeds, export earnings in the first seven months of the fiscal year come to $24.18 billion, up 13.41 percent from a year earlier and comfortably past the periodic […]
Factory owners want govt support for short period Implementation of RMG workers’ new wage Apparel sector leaders on Thursday demanded of the government to provide policy support, including cash incentive, to facilitate implementation of the recently revised wage structure for the readymade garment (RMG) workers. “Government should come forward to support us, at least for […]
Plan to create databank on blue economy hits snag The government’s move to create a databank on the blue economy has hardly made any progress mainly due to lack of necessary information in this regard, officials said. A coordination meeting on the blue economy was held recently with chief of the Blue Economy Cell (BEC) […]
Bashundhara to invest Tk 447cr to boost cement production Jebun Nesa Alo Bashundhara Industrial Complex, the cement manufacturing arm of Bashundhara Group, is set to expand its production capacity with a view to meeting the fast-growing demand for the construction material amid mega project-implementation spree. Located in Madanganj of Narayanganj, the factory’s production capacity at […]
Food safety not possible overnight The BFSA chief says People’s expectation for safe food cannot be met overnight, said the chairman of the Bangladesh Food Safety Authority (BFSA). “But it cannot be said that nothing is being done,” BFSA Chairman Mohammad Mahfuzul Hoque told The Daily Star in an interview recently. There will be no […]
$200m ADB loans to improve rural roads Star Business Report Asian Development Bank (ADB) is going to give Bangladesh $200 million in loans to help improve the country’s rural road network. Monowar Ahmed, secretary to the Economic Relations Division (ERD), and ADB Country Director Manmohan Parkash yesterday signed the loan agreement at a ceremony in […]
4TH INDUSTRIAL REVOLUTION Migrant workers’ jobs at stake Star Business Report A huge number of Bangladeshi expatriates employed in blue-collar jobs might have to return home as two billion jobs will be displaced by 2030 because of technological advancement, experts said yesterday. “The fourth industrial revolution represents an existential threat to companies in every industry,” […]