ADB Organizes Regional Financial Management Forum to Enhance Institutional Capacity, Transparency and Accountability

Asian Development Bank (ADB) has organized a regional forum in Dhaka on 5-6 November on financial management to enhance institutional capacity, transparency and accountability. Economic Affairs Adviser to the Prime Minister, Dr. Mashiur Rahman opened the workshop at Westin Hotel in Dhaka today. Over 100 financial management experts, audit officials and project directors from Bangladesh, […]

Read More

The Question of Termination of Services Does Not Arise in the Case of Nobel Laureate Yunus’ Grameen Communications

The following is the full and unedited text of a rejoinder which Grameen Communications of Nobel Laureate Professor Muhammad Yunus sent here here Tuesday: “With reference to media reports that “Grameen Communications employees initiated the cases against Nobel Laureate Professor Muhammad Yunus, Ms Nazneen Sultana and Mr Abedeen on July 3 after they were terminated […]

Read More

Letting and renting properties becomes easier in Bangladesh capital

BProperty.com Limited, the country’s first and largest real estate marketplace has inaugurated its second marketplace in Uttara to provide specialized services to tenants and landlords, using both online and offline features, to make renting and letting in Uttara easier.This rental marketplace is the first of its kind in Bangladesh. Bproperty.com’s clients can view their preferred […]

Read More

Grameenphone sees solid growth in 3Qs

Grameenphone Ltd. reported total revenues of BDT 107.5 billion for the first nine months of 2019, a 9.5% growth from the same period last year. The operator’s subscriber base grew by 6.0% to 75.7 Million during the same period. The company acquired 0.4 million new subscribers during the third quarter, registering a 6.0% growth from […]

Read More

Bangladesh slashes source tax to 0.25 pct to boost garment export competitiveness

by Naim-Ul-Karim    DHAKA, Oct. 22 (Xinhua) — Bangladesh’s tax collection body, the National Board of Revenue (NBR), has reduced the source tax on export proceeds for all sectors from 1.0 percent to 0.25 percent to boost mainly ready-made garment (RMG) export competitiveness.    A senior NBR official told Xinhua Tuesday that the tax collection […]

Read More

Momen for utilise innovation for economic growth

Bangladesh has been transformed to a manufacturer country of technology product and services, Foreign Minister Abul Momen said and called upon the youths to utilise innovations for economic growth. Addressing opening session of a technology exposition on Monday, Minister Momen also appreciated the activities of hi-tech parks for providing platform for local and international firm […]

Read More

Japan’s JERA Invests in Bangladesh’s Largest Independent Power Producer

JERA Co., Inc. (“JERA”) has agreed to acquire 22% of the outstanding shares of Summit Power International Limited (“Summit Power”), a power generation company in Bangladesh. Summit Power is a power generation company affiliated with the Summit Group, a major conglomerate in Bangladesh. The largest independent power producer in the country, it owns and operates […]

Read More

Bangladesh Needs Traditional and New Solutions to End Poverty: World Bank

Bangladesh has progressed significantly in reducing poverty and improving living conditions, mostly driven by labor income. Between 2010-2016, about 8 million Bangladeshi exited poverty. The report, Bangladesh Poverty Assessment, launched today, shows that robust economic growth continued driving poverty reduction, but at a slower rate. Since 2010, while the pace of economic growth increased, the […]

Read More