Bangladesh’s GDP expected to grow by 7% in 2018 and 7.2% in 2019 . Bangladesh’s inflation rates forecasted at 6.1% in 2018 and 6.3% in 2019 – ADB Report
Many Bangladesh banks cannot pay the LC liabilities on the due date. There is a delay of one month in the payment of some liabilities. In this situation, Bangladesh’s image of the banking sector is being undermined by the foreign banks that have guaranteed LC. Many foreign banks have now started reducing their credit lines …
Bangladesh’s Banking Sector in Severe US Dollar Shortage Read More »
Bangladesh Securities and Exchange Commission (BSEC) has awarded 11 companies for mediating the capital market. ICB Catipal Management and UCB Investment have been ranked first in the merchant banker category. The second is City Bank Capital Resources and Sanshi Life Finance. The third LankaBangla Investment. Shanta Asset Management is the first in the asset management …
Bangladesh Securities and Exchange Commission awarded 11 companies Read More »
About Tk 133 crore has been withdrawn from The Bangladesh Development Bank (BDBL). Huge amounts of money are digested through various techniques including non-existent business, overvaluation of security and submission of fake Memorandum of Understanding. The bank took the money through 14 separate loans but did not get it back. All loans are now defaulting. …
Bangladesh Wage earner’s remittance inflow exceeded 2.6 Billion in July 2020. Remittance is a transfer of money, often by the worker to an individual in their home country. Besides, the highest foreign exchange reserves in the history of Bangladesh have been raised to 37.28 billion US dollars. Various measures, including 2 percent cash incentives by …
2.6 Billion Dollar Remittance inflow in July 2020 Read More »
Agriculture and Rural Credit Policy and Program of Bangladesh Bank has set the loan target for the new financial year on Wednesday. Bangladesh Bank allocated loans of Tk 26,292 crore or 3.6 Billion dollars for farmers in the current fiscal year 2020-21 to combat the Covid-19 epidemic.Which is about 8.99 percent more than the 2019-20 …
Bangladesh’s Farmers to get 3.6 Billion Dollar loan this Year Read More »
In the three months since the beginning of coronavirus pandemic in the country, the number of mobile phone subscribers has decreased by 4 million. This calculation is from last March to June. The Bangladesh Telecommunication Regulatory Commission (BTRC) publishes the number of mobile phone subscribers at the end of each month. As of the end of June, the …
Bangladesh’s Mobile operator lost 4 Million Subscriber: Impact of Covid-19 in Business Read More »
The Bangladesh Securities and Exchange Commission (BSEC) has imposed a fine of Tk 19 crore on three director of C&A Textiles for selling their share without official announcement . The company, which entered the stock market in 2015, is currently closed . The BSEC said the three mentioned owners of the company had sold their …
The Asian Development Bank (ADB) has increased its funding limit from 518 million to 755 million by the end of the year to expand the Trade Finance Program (TFP) to support Bangladesh’s private sector. TFP is working with 12 partner banks in Bangladesh to fill the market gap by raising private sector capital and providing …
ADB is increasing financial Assistance to the Private Sector Read More »
Every year Bangladesh National Board of revenue (NBR) honor top taxpayer of the country . This year 141 taxpayers was awarded tax card and crest for paying the highest amount of income tax in 2018 -2019 . 74 individual & 57 companies win top taxpayer awards from NBR . Bangladesh’s tax-to-GDP ratio is 9.2 percent. …
Sources in Dhaka and Riyadh said The Saudi state-owned defense company ” Saudi Arabian Military Industries ” is going to invest in Bangladesh Aircraft Servicing industry. The Saudi authorities hinted that initially, they will ink an investment agreement with Bangladesh Air Force. The Saudi Investment was discussed during a visit to Saudi Arabia by Air …
Saudi Arabian Military Industries to Invest 5 Billion in Bangladesh Read More »
Bangladesh is going to celebrate its biggest sacrificial religious event of 2019 on 12 August. This year Eid market is 29% Bigger than the previous year, which could hit 5 Billion USD. Eid al-Adha is the second of two Islamic holidays celebrated worldwide each year and considered the holier of the two. people Sacrifice Cttale …
In a remarkable twist of Bangladesh Flag Carrier ” Bangladesh Biman ” made its USD 32 Million Dollar profit in 2018-19 . while it was incurred a loss of around Taka 23 Million in 2017-2018fiscal. Biman’s expenditure was 657 Million against its income of USD689.4–resulting in a net profit of 32.38 million usd in 2018-2019 …
Biman Makes 32 Million Profit in 2019 while 23 Million Loss in 2018 Read More »
Bangladesh National Board of Revenue Collected 26.65 Billion Dollar Tax revenue in 2019, What was 10.7 percent higher than the previous year. The revenue collection Target was 33.34 Billion Dollar. According to the NBR, of the overall revenue collection in 2019, income tax accounts for 32.6 percent & value-added Tax accounts 39.1 percent, customs accounts …
In the 2nd ECNEC meeting of the fiscal year (FY20) approved eight projects involving USD 612 Million or BDT 5142 Corror. Of the total project cost, BDT 4,129.81 crore will come from the Government Fund while Taka 1,012.55 crore from project assistance. 2nd ECNEC meeting of the 2019-2020 Eight project – $612 Million 2nd ECNEC …
ECNEC Approved USD 612 Million for Roads, Agriculture & Export Diversification Read More »
As Bangladesh expected to achieve 8.0% growth in 2019 and 2020 – Its received 3.61 Billion dollars Foreign investment in 2018 an increase of 67.94 percent from a year earlier. The Energy sector recived the highest amount of FDI of $1.01 billion, the food at $729.69 million, textile and weaving at $408.08 million, leather products …
Bangladesh Received 3.61 Billion Dollar Foreign Direct Investment in 2018 Read More »
The size of the proposed budget for Bangladesh FY 2019-20 is 62 Billion dollars. . The debt to GDP ratio is 32 percent. The country achieved self-sufficiency in food by raising foodgrains production to 2 crore 68 lakh metric tons. The size of GDP is US$ 302.4 billion. The budget deficit for the current fiscal …
Prime Minister Sheikh Hasina lead government allocated more than 7.6 billion dollar development project in the first four months of 2019. Most of the development allocation was for electricity and Railway.As this government put emphasis on energy and communication this will further boost the capability of this Nations overall growth. From this 7.6 billion dollars 2.2 …
USD 7.61 Billion Dollar For Railways, Power & Army: ECNEC January – April 2019 Read More »
Recently French defense equipment giant Thales Group was awarded 100 million dollar contract for Dhaka Hazrat Shahjalal International Airport, Air Traffic Management system including Advance radar and surveillance system. The company will set up a Communication, Navigation and Surveillance Air Traffic Management (CNS\/ATM) system with a multi-mode radar . The Thales ILS 420 is the …
$100 Million Dollar Radar Upgrade for Dhaka Airport Read More »
In 2018 Bangladesh Government Gazettes Published list of 145 top company and Individual Taxpayer . As Bangladesh GDP reached 249.7 billion USD in 2017 , Those performing Company and Individual played a significant role in this journey . In the Individual top 5 tax payer , Board of Square group have 3 seat while in …
Bangladesh Highest Taxpayer in 2018 : Company & Individual Read More »
The Turkish consumer electronics manufacturer Arçelik has completed Majority acquisition of Bangladesh Top Electronics Retailers singer . Singer is Publicly traded company in Bangladesh . Under the agreement, Ardutch BV, a wholly owned subsidiary of Arçelik, would acquire a 57 percent stake in Singer Bangladesh’s majority shareholder from Retail Holdings Bhold BV, remaining 43% is …
Arçelik A.Ş acquires 57% of Singer ?? Bangladesh for $75 Million Read More »
The cancellation of this trade deal in this heated time send a clear massage to Indian Authorities, that USA ??does not totally abandoned its old but fragile Ally Pakistan .
Bangladesh Railway signed contract with American Progress Railway Service to get 40 high speed passenger locomotive (Railway Engine) . American company progress railway service is a subsidiary of Caterpillar . এই আর্টিকেলটির বাংলা ভার্সন দেখতে ক্লিক করুন Under the deal progress rail service will deliver 40 high speed passenger locomotive to Bangladesh Railway in 24 …
Bangladesh Railway to Buy 40 High Speed Locomotive From USA – Progress Railway Service Read More »
In an exclusive interview with Japan’s top Newspaper Nikkei Asian Review Bangladesh Prime Minister Sheikh Hasina expressed her countries desire to be an economic powerhouse in South Asia in Next Three Years. Bangladesh already achieved higher economic growth then India and Pakistan in Recent Years . PM Sheikh Hasina Daughter Sheikh Mujibur Rahman , the Founding …
A company with a high earnings per share ratio is capable of generating a significant dividend for investors.If an investor is primarily interested in a steady source of income, the EPS ratio is useful for estimating the amount of room that a company has for increasing its existing dividend amount. In either case, a high ratio indicates a potentially worthwhile …
Bangladesh Top 20 Company in 2018 :By top earnings per share DSE Read More »
October 30 , 2018 Executive Committee of the National Economic Council (ECNEC) In the last month of ECNECH meeting of the ruling government, Chaired by Prime Minister sheik Hasina, The committee approved Tk 24,740 crore/ USD 2.95 Billion for 24 development project including infrastructure for Military Intelligence agency Directorate General of Forces Intelligence (DGFI). Fund Source In Taka In …
USD 2.95 Billion for Railway,polytechnic & DGFI , Total 24 Dev project Approved in ECNEC Read More »
October 9, 2018. Executive Committee of the National Economic Council (Ecnec) In the 9th ECNEC meeting chaired by Prime Minister Sheikh Hasina approved 3.87$ Billion dollar development project. The much-awaited Dhaka Chittagong Oil Pipeline project and Ghorashal Palash Urea Fertiliser Factory got the committee approval. Construction of 25 Fire brigade station in various Upozilla and Fourth …
In recent years Bangladesh witnessed record economic growth. Under the leadership of nations founder Sheikh Mujibur Rahman’s Daughter Sheikh Hasina, Bangladesh is aiming for the Digital transformation of its economy and development in key SDG Human Development indicator. The Awami League lead government is giving highest priority to developing the energy sector. Now 90 Percent population …
Record 7.86 Percent GDP Growth of Bangladesh Economy in 2018 Read More »
Bangladesh witnessed rapid growth in GDP and United Nations Sustainable development goal indicator in last eight years. With a 285 Billion dollar GDP, Most of rural Bangladesh is now under electricity. According to the Bangladesh Power development Board Bangladesh now have sixteen thousand megawatts electricity generating capacity. The allocation for the power sector in the annual …
Booming Energy Sector of Bangladesh : 90 Percent Have Access To The Elctrecity Read More »
In an ECNEC meeting headed by the Prime minster sheikh Hsina in 10 july 2018 the Executive Committee of the National Economic Council (Ecnec) allocated 347 $ million dollar equivalent to 2920 corer Taka for six project . Food Sailo Renovation : Bangladesh Have 2722 Verious size food sailo with a storage capacity of 21 lack …
ECNEC Allocated USD 347$ Million for Food Sailo ,University Research & Exibition Center Read More »
In recent years, the economy of Bangladesh has been taking a extensive turn . Bangladesh’s economy has grown at a consistent, blistering rate of more than 6 percent, making it one of the fastest growing economies in the world. Bangladesh is a winning combination of competitive market, business-friendly environment and competitive cost structure. Today, the Bangladeshi …
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