Business - NsNewsWire

e-CAB Press Conference on the Budget FY 2018-19

DHAKA, June 9 (NsNewsWire) — e-CAB has organized a Press Conference on the Budget FY 2018-19 at the National Press Club at 10.30 am on 09 June 2018. The conference was organized with a view to bringing to the notice of the government several specific recommendations related to conserving interests of the e-Commerce entrepreneurs, online […]

Bangladesh economy continues to perform well with robust, stable growth:IMF

DHAKA, June 9 (NsNewsWire) — On May 30, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the 2017 Article IV Consultation with Bangladesh.[1] The Bangladesh economy continues to perform well with robust and stable growth. The strong growth comes with stable inflation, moderate public debt, and greater resilience to external shocks. The country continues to make […]

Bangladesh unveils about 55.31 bln USD national budget

DHAKA, June 8 (NsNewsWire ) — The Bangladeshi government has unveiled a record 4.65 trillion-taka (about 55.31 billion U.S. dollars) national budget for the 2018-19 fiscal year starting in July, reports Xinhua The government announced massive spending for rural areas and projected economic growth of 7.8 percent in the annual budget. Finance Minister AMA Muhith […]

To inject more private investment, government should reconsider corporate tax cut in all categories: DCCI president

DHAKA, June 8 (NsNewsWire) — President of Dhaka Chamber of Commerce & Industry (DCCI)AbulKasem Khan in his initial reaction on National Budget 2018-19 proposed the government to reconsider slashing corporate tax in all categories at least 2.5%. In the proposed budget, government only reduces 2.5% corporate tax on publicly and non-publicly traded banks, Insurance and NBFIs. […]

Uber reiterates its commitment to driver

DHAKA, June 6 (NsNewsWire) — Uber, the world’s largest on-demand ridesharing company, today announced the launch of a first-of-its kind insurance program for riders and driver partners. The policy will provide both riders and driver partners with free coverage for accidental death, permanent disablement and hospitalization in case of an accident while on-trip using the […]

Vibrant opens 3rd showroom at Rampura

DHAKA, June 5 (NsNewsWire) — The 3rd showroom of Vibrant of US-Bangla Footwear Limited was inaugurated at Hajipara, Rampura in Dhaka on 4th June 2018, Monday. Mr. Abdullah Al Mossadek, Chief Executive Officer of US-Bangla Footwear Limited inaugurated the new showroom of Vibrant. Other high officials of US-Bangla Group were also present. Vibrant is bringing […]

Bangladesh’s exports hit 33.73 bln USD in first 11 months of FY 2017-2018

DHAKA, June 5 (NsNewsWire) — Bangladesh’s export income in the first 11 of the current 2017-18 fiscal year (July 2017- June 2018) marked a 6.66 percent, recording 33.73 billion U.S. dollars with ready-made garments as the key performer, an official said Tuesday, reports Xinhua. The Export Promotion Bureau (EPB) official told Xinhua that the country […]

Bangladesh remittances reach 2nd highest on Eid festival in May

DHAKA, June 4 (Xinhua) — Ahead of one of the biggest Muslim religious festivals Eid-ul-Fitr that marks the end of the Islamic holy fasting month of Ramadan, millions of Bangladeshis remitted home nearly 1.5 billion U.S. dollars in May, the second highest monthly amount thus far, a central bank official said Sunday. Quoting provisional data, […]

World Bank Helps Bangladesh Expand Access to Clean and Renewable Energy

DHAKA, May 30 (NsNewsWire) — The government of Bangladesh today signed a $55 million financing agreement with the World Bank to expand renewable energy uses in rural areas. The additional financing to the Second Rural Electrification and Renewable Energy Development (RERED II) Project will install 1,000 solar irrigation pumps, 30 solar mini-grids, and about 4 million improved […]