Browse Category

News

Political turmoil depleted $2.2b in 3 months

Bangladesh has incurred a loss of around $2.2 billion (approximately Tk 17,150 crore) in the last three months due to political instability, according to a World Bank report. violance BDThe WB revealed the findings today at the launch of Bangladesh Development Update Report 2015 at its Dhaka office. Unveiling the report, WB's Chief Economist Dr Zahid Hossain said, “The country incurred the financial lost due to political stalemate in Bangladesh.” Bangladesh faced huge financial loss in January, February and March this year, which i...

Obama, Castro hold ‘candid’ historic meeting

Barack Obama and Raul Castro held the first face-to-face talks between US and Cuban leaders since 1956 in Panama on Saturday, vowing to pursue their historic effort to bury Cold War-era antagonism. Sitting together in a blue-carpeted room, Obama thanked Castro for his “spirit of openness and courtesy” during their interactions, while the communist leader stressed that the negotiations will require patience. obama-CastroObama also sought to calm tensions with another leftist nation, speaking briefly with Venezuelan President Nicolas...

Pvt EZ developers offered incentives

The government has decided to offer a full-range incentive package for developers of private economic zones (EZs), including tax holiday facility for 10 years, tax exemption from dividend income, and income tax waiver on service charges. The incentive package has been approved at the latest board meeting of Bangladesh Economic Zone Authority (BEZA), chaired by Prime Minister Sheikh Hasina. sez for IndiaThe package also includes tax-benefit on payment of Value Added Tax (VAT), customs duty and income tax, reports the Financial Expr...

30 missions fail to achieve July-Feb export targets

30 missions fail to achieve July-Feb export targets out of 53 Bangladesh missions abroad have failed to achieve their respective export targets for the first eight months (July-February) period of the current fiscal year 2014-15, reports UNB The key Bangladesh missions like the ones in Washington, Berlin, London, Paris, export-importMadrid, Ottawa, Rome and the Hague have failed to achieve their July-February export targets while some other important missions like Stockholm, Tokyo, Riyadh, Canberra and New Delhi have been able to rea...

Bangladesh to take delivery of Russian Yak-130 Jets

Russia will deliver 14 Yakovlev-130 aircraft to Bangladesh this year and two more next year, according to Oleg Demchenko, president of Irkut Corporation, which builds these twin-engine weaponized jet trainers. The contract with Bangladesh was signed last year and includes options for 10 more aircraft. The jets are being financed through a one-billion-dollar credit arranged by the Kremlin on the base of sovereign guarantees. jet Russia-130Bangladesh is the third export customer for the Yak-130, which features a re-programmable flig...

Mystery has opposition on edge in Bangladesh

A jittery silence has fallen over the street where Salahuddin Ahmed, a top official of the opposition Bangladesh Nationalist Party, is believed to have been abducted a month ago. The caretaker who opened the compound gate to a group of men, and told several journalists they identified themselves as police detectives, can no longer be found, friends on the street say. Neither can the maid who opened the door to the apartment. The owner of Khaleda Ziathe apartment, the deputy managing director of a bank, is also unreachable. “Of course...
Verified by MonsterInsights