DHAKA, June 12 (NsNewsWire) — Bangladesh’s foreign exchange reserves reached 32.35 billion U.S. dollars at the end of May, said a central bank official on Monday. The Bangladesh Bank (BB) Forex Reserve and Treasury Management Department official, on condition of anonymity, told Xinhua that “the country’s foreign exchange reserves stood at 32,348.69 million U.S. dollars […]

BEIJING, June 11 (NsNewsWire) — Anhui No.1 Electric Power Construction Co., Ltd. under China Energy Engineering Group has won the bid for the 33kV substation EPC project in Botteswar of Bangladesh, marking the company’s first entry into the market of Bangladesh, reports Xinhua. The Botteswar 33 kV substation EPC project is located in Sylhet in […]

DHAKA, June 10 (NsNewsWire) — This eid Aarong announces “Scratch & Win Campaign 2018”. Grand prize winners will get free air tickets to Cox’s Bazar from Regent Airways , one complementary meal at Bunka Restaurant of Six Seasons Hotel and 1 Night Complementary Couple Stay at Ocean Paradise Hotel & Resort or DuSai Resort & […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]