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Capital market to be in good position: Muhith

Finance Minister AMA Muhith today said the country’s capital market will go in a good position a few years and play a vital role to expedite investment by arranging necessary financing for the entrepreneurs, reports BSS. “There are no scopes for large ups and downs in the capital market now as the government is muhithworking to develop the market. We have taken different reforms initiatives to take the capital market in a stable position,” he said while addressing a dividend handover ceremony of the Investment Corporation of B...

Bangladesh, India sign 129.5 km oil pipeline deal

Bangladesh and India signed an agreement here on Monday on their proposed 129.5 km oil pipeline aimed at pumping Indian oil to Bangladesh with a capacity of 1 million tonnes per annum. The deal was part of the six memorandum of understandings (MoUs) which Dhaka and New Delhi signed during a meeting between their Foreign Secretaries at State Guesthouse Padma in the capital, Xinhua news agency reported. [caption id="attachment_26499" align="alignleft" width="573"]e01e47305263fe8e8a... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

Spl facilities for local auto manufacturers, assembles

The National Board of Revenue (NBR) has announced to give local automobile manufacturers and assemblers special facilities in the upcoming budget for fiscal year 2018-19 (FY19). “NBR will give the local automobile manufacturers and assemblers special facilities as our main target is to discourage imports of automobiles to create jobs in the country,” said NBR chairman Md Mosharraf Hossain Bhuiyan while speaking at a pre-budget meeting with Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) here today, reports BSS. NBR1

Forex reserves rise to $33.2 b by Dec-end

Bangladesh's foreign exchange reserves rose to $33.23 billion by the end of December, $630 million more than the previous month, the central bank said on Monday. The reserves were up nearly 3.4 percent from a year earlier, and are sufficient to cover about 10 months' worth of imports for the country of 160 million people. forexSteady garment exports and remittances from Bangladeshis working overseas - the key drivers of the country's more-than $250 billion economy - have helped foreign exchange reserves grow steadily in recen...

Myanmar’s repatriation proposal trickery, not trustworthy

The governments of Bangladesh and Myanmar agreed, on 2nd October, to work on a repatriation plan. State Counsellor Daw Aung San Suu Kyi said that verified refugees will be accepted. But the question is how the terrified and traumatized refugees would be repatriated to Arakan/Rakhine State where they experienced, witnessed and fled the genocidal brutality of Myanmar troops, Rakhine terrorists and other vigilantes. Despite assurance by the Myanmar government the violence and brutality continue. There were arson attacks on Quarter No.5 of Maungdaw town even today. Therefore, the Myanmar government’s policy is obscure and its offer for repatriation is trickery. During recent weeks more than half a million Rohingya refugees have taken refuge in Bangladesh due to genocide by Suu Kyi-army r...

Bangladesh stepping into higher growth trajectory

Bangladesh GDP, after almost a decade of 6 per cent plus growth, has achieved 7.24% in FY 17. Bangladesh ranked 31st among the world’s 32 largest economies in 2016. Its GDP (PPP) was $628 billion, and it was projected to increase to $3,064 billion in 2050, according to report of PricewaterhouseCoopers (PwC), as mentioned by ICC Bangladesh to its latest News Bulletin editorial (April-June 2017 issue). By 2050 Bangladesh, India and Vietnam will become the fastest growing economies, with Bangladesh expected to see an impressive growth that will push it to 23rd place overall, the report added. PwC ranked 32 countries by their projected global gross domestic product (GDP) at purchasing power parity (PPP), and made projections for up to 2050.
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