Bangladesh’s Banking Sector in Severe US Dollar Shortage
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…
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
Bangladesh Securities and Exchange Commission awarded 11 companies
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.…
Bangladesh Development Bank Loan Scam
About Tk 133 crore has been withdrawn from The Bangladesh Development Bank (BDBL).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…
2.6 Billion Dollar Remittance inflow in July 2020
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…
Bangladesh’s Farmers to get 3.6 Billion Dollar loan this Year
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…
Bangladesh’s Mobile operator lost 4 Million Subscriber: Impact of Covid-19 in Business
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…
BSEC Fined C & A Textiles For Illigal Selling
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…
ADB is increasing financial Assistance to the Private Sector
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…
Bangladesh Highest Taxpayer in 2019
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…
Saudi Arabian Military Industries to Invest 5 Billion in Bangladesh
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…
Eid al-Adha Sales Could Hit 4.8 Billion in 2019
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…
Biman Makes 32 Million Profit in 2019 while 23 Million Loss in 2018
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…
26.65 Billion USD Tax Revenue Collected in FY19
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.…
ECNEC Approved USD 612 Million for Roads, Agriculture & Export Diversification
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…
Bangladesh Received 3.61 Billion Dollar Foreign Direct Investment in 2018
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.…
2019 Bangladesh Budget & Economy in Brief
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…
USD 7.61 Billion Dollar For Railways, Power & Army: ECNEC January – April 2019
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…
$100 Million Dollar Radar Upgrade for Dhaka Airport
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…
Bangladesh Top Taxpayer company and Individual list 2018
Bangladesh Highest Taxpayer in 2018 : Company & Individual
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…
Arçelik A.Ş acquires 57% of Singer ?? Bangladesh for $75 Million
The Turkish consumer electronics manufacturer Arçelik has completed Majority acquisition of Bangladesh Top Electronics Retailers singer . Singer is Publicly traded company in Bangladesh . Under the agreement, Ardutch BV,…
India ??Ejected From Duty Free Entry ?? : Trump ?
The cancellation of this trade deal in this heated time send a clear massage to Indian Authorities, that USA ??does not totally abandoned its old but fragile Ally Pakistan .
Bangladesh Railway to Buy 40 High Speed Locomotive From USA – Progress Railway Service
Bangladesh Railway signed contract with American Progress Railway Service to get 40 high speed passenger locomotive (Railway Engine) . American company progress railway service is a subsidiary of Caterpillar .…
Bangladesh Aiming For 10% Economic Growth in Next Three Years : PM Sheikh Hasina – Nikkei Asian Review
In an exclusive interview with Japan's top Newspaper Nikkei Asian Review Bangladesh Prime Minister Sheikh Hasina expressed her countries desire to be an economic powerhouse in South Asia in Next Three…
Bangladesh Top 20 Company in 2018 :By top earnings per share DSE
A company with a high earnings per share ratio is capable of generating a significant dividend for investors.If an investor is primarily interested in a steady source of income, the EPS ratio…
USD 2.95 Billion for Railway,polytechnic & DGFI , Total 24 Dev project Approved in ECNEC
October 30 , 2018 Executive Committee of the National Economic Council (ECNEC) In the last month of ECNECH meeting of the ruling government, Chaired by Prime Minister sheik Hasina, The committee approved Tk…
ECNEC Allocated USD 3.87 Billion For Oil Pipeline, Fertiliser Factory , Fire Brigade ,Fourth Shitalakhya Bridge & 16 More Project
October 9, 2018. Executive Committee of the National Economic Council (Ecnec) In the 9th ECNEC meeting chaired by Prime Minister Sheikh Hasina approved 3.87$ Billion dollar development project. The much-awaited…
Record 7.86 Percent GDP Growth of Bangladesh Economy in 2018
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…
Booming Energy Sector of Bangladesh : 90 Percent Have Access To The Elctrecity
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.…
ECNEC Allocated USD 347$ Million for Food Sailo ,University Research & Exibition Center
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…
Invest in Bangladesh
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…