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Bangladesh

Bangladesh-China trade gap needs to be paired: PM

Prime Minister Sheikh Hasina on Monday said the trade gap between Bangladesh and China needs to be balanced as Bangladesh wants to achieve prosperity with the help and support of its friends, especially China. “Our trade reflects Bangladesh’s import of goods of over US$6 billion from China and exports of less than half a billion dollars to China. This trade gap needs to be balanced,” she said. sheikh-hasina_25Hasina was delivering her speech at a seminar on Socio-Economic Achievements of Bangladesh in Recent Years and Partner...

Dhaka rules out anti-Myanmar activities from Bangladesh soil

Dhaka has denied the allegation that anti-Myanmar groups operating from its soil but expressed keenness to look into the matter if Myanmar provides an evidence or specific information, officials said Sunday. They said Dhaka is still keen to push forward the "growing relations" and work closely with the next-door neighbor despite a soldier was killed in a firing on Bangladeshi paramilitary personnel Wednesday, reports Xinhua. "There is no evidence of any anti-Myanmar group operating activities from Bangladesh," the country's Foreign Secretary Md Shahidul Haque told journalists Sunday.

Money-whitening scope to go

Finance Minister AMA Muhith on Friday said the upcoming budget will not offer any opportunity to legalise black money, although he mentioned nothing about the controversial provision in his budget speech. MuhithSpeaking at a post-budget press conference in the capital’s Osmani Memorial Auditorium, the minister said the government had offered the opportunity to legalise black money for investing in stock market and housing sector. “Tk 34 crore has been whitened in the last budget. From that point of view, there is no black money in the country,” ...

Chronology of national budgets

Finance Minister AMA Muhith will announce the annul budget for the fiscal year 2014-15 (FY15) tomorrow (Thursday) at Jatiya Sangsad at 3:30 pm. This will be the country’s 43rd budget and the 15th budget of the Awami League government while the 8th for Muhith. Following is the chronology of Bangladesh budgets since independence in 1971. The information has been collected from various sources including the budget documents of the Ministry of Finance. The amount is in crore of Taka (Tk). sangsad bhabanFisc...

PM for speedy completion of Doha Round

Prime Minister Sheikh Hasina today called upon the World Trade Organization (WTO) to play its due role for speedy completion of Doha Round in the greater interest of the least developed countries (LDCs). “It is the right time for completion of the Doha Round, and Bangladesh would extend its allout support to this end,” she said when WTO Director General Roberto Azevedo paid a courtesy call on the Prime Minister at her office here this morning, reports BSS. sheikh-hasina_25The Prime Minister said with the implementation of Doh...

BB allows agent banking in municipal areas  

Banks can now operate “agent banking” in municipal (Pourashabha) areas alongside the rural areas. A Bangladesh Bank (BB) circular Monday amended its previous circular where it had barred agent banking within metropolitan, city corporation and municipal areas. Bangladesh BankThe Bangladesh Bank’s amended circular, was signed by its deputy general manager of Banking Regulation and Policy Department (BRDP) Anwarul Islam, reports UNB. “But the bar on agent banking operation in metropolitan and city corporation ...
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