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 […]

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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 […]

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England’s Steve Rhodes appointed Bangladesh’s head cricket coach

DHAKA, June 9 (NsNewsWire) — Bangladesh Cricket Board (BCB) has named England’s Steve Rhodes as the new head coach of the national men’s team, reports Xinhua. BCB President Nazmul Hassan made the announcement on Thursday at a press briefing in Dhaka. Rhodes had been the red hot favourite for the role after the post of the […]

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Xi-Putin summit boosts China-Russia ties

Source:Global Times Published: 2018/6/8 20:58:40 Russian President Vladimir Putin arrived in China on Friday to kick off his first state visit to the country since re-election and attend the Shanghai Cooperation Organization (SCO) summit in Qingdao. This is also Chinese President Xi Jinping’s first meeting with Putin since Xi began his new presidential term. There […]

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Bangladesh budget lacks measures necessary to address economic challenges: Unnayan Onneshan

DHAKA, June 8 (NsNewsWire) — The Unnayan Onneshan (UO), an independent multidisciplinary think-tank, finds that the proposed budget for FY 2018-19 lacks measures necessary to address the macroeconomic, medium term and institutional challenges facing the economy. “The budget speech seems to lack providing prudent and farsighted solutions to the current challenges except it earmarks ambitious […]

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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 […]

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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. […]

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Mobile Network Operators express dissatisfaction at budget proposal

DHAKA, June 8 (NsNewsWire) — Mobile Network Operators or  MNOs have expressed their dissatisfaction as there has been no favorable changes for the sector in the proposed budget. Being one of the highest contributors to the economy of the country, the industry had urged the government to reconsider some recommendations as below: • Removal of […]

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