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bangladesh

WB grants to strengthen BD college education

The World Bank today approved $213 million for two projects in Bangladesh to improve weather and climate information services and to strengthen college education provided through affiliates of the National University. The $113 million Weather and Climate Services Regional Project will help Bangladesh provide reliable weather, water and climate forecasts and enable communities, especially farmers, to access weather information services easily. The $100 million College Education Development Project will help improve the teaching and learning environment of government and non-government colleges affiliated with the National University. ‘To reach middle-income country status by 2021, Bangladesh needs to focus on priority areas, which include creating a skilled and competent workforce,...

Boxing legend Muhammad Ali no more

Boxing legend Muhammad Ali - one of the world’s greatest sporting figures - has died at the age of 74. The former world heavyweight champion died late on Friday at a hospital in the US city of Phoenix, Arizona, having been admitted on Thursday. He had been suffering from a respiratory illness, a condition that was complicated by Parkinson’s disease. Ali’s funeral will take place in his hometown of Louisville, Kentucky, said his family. Tributes for the heavyweight great have been pouring in from across the world. “Muhammad Ali shook up the world. And the world is better for it,” said US President Barack Obama and his wife Michelle. Former President Bill Clinton - husband of Democratic frontrunner Hillary - said the boxer had been “courageous in the ring, inspiring to t...

Promotional price for Galaxy J2, J5

Samsung Mobile Bangladesh has announced attractive promotional price for its Galaxy J2 device and new price of Galaxy J5 2015 Edition. The offer includes BDT 1,000 price drop for Galaxy J5 2015 Edition (priced at BDT 16,900; new pic 2price BDT 15,900) handsets and the promotional price of BDT 10,490 (regular price BDT 11,490) for Galaxy J2 handsets. Hasan Mehdi, Head of Mobile, Samsung Bangladesh said, “At Samsung, we are constantly looking to expand our product offerings and make our devices more affordable. With prices like...

Salman leads business delegation to KSA

A ten-member business delegation, led by Salman F Rahman, former president of FBCCI and Vice Chairman of Beximco Group, will leave Dhaka for Saudi Arabia today (Friday) as part of Prime Minister Sheikh Hasina’s 5-day official visit to KSA (Kingdom of Saudi Arabia). The prime minister’s Saudi visit is considered very significant as Bangladesh holds huge potential to attract Saudi investment, a press release said. bd-ksaThe business delegation leader Salman F Rahman is also very optimistic to woo Saudi investment. “As Bangla...

BGMEA urges govt to revise tax on sources

Terming some initiatives of the national budget for fiscal 2016-17 as encouraging for industrialization, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today said the proposed 1.50 percent tax on source would hinder the goal of export earning envisaged by the government in line with vision-2021. "Some initiative might pave the way of industrialization, but 1.50 percent tax on sources would directly create hindrance the evolvement of industrialization," said BGMEA President Md. Siddiqur Rahman in a media briefing that organized to pass their reaction on the proposed national budget, reports BSS. Mentioning that 1.50 percent tax on source would increase 150 percent direct tax, he said "any wrong

VAT increase to lead SME sector feel the heat

Finance Minister  AMA Muhit, MP, proposed the National Budget for 2016-17 FY in the National Parliament on 2nd June 2016. The size of the proposed budget is Tk. 3 Lac 40 Thousand 605 Crore, where non-development expenditure is 2 Lac 29 Thousand 900 Crore, development expenditure is Tk. 1 Lac 10 Thousand 700 Crore and total deficit is Tk. 97 Thousand 853 Crore, which is 5% of GDP. In the proposed budget, the total revenue was targeted at Tk. 2 Lac 42 Thousand 752 Crore, where NBR earnings were projected as Tk. 2 Lac 3 Thousand 152 Crore which is 35.4% higher than the corrected target of the running FY, and non-NBR earnings were projected as Tk. 39 Thousand 600 Crore. This target of revenue earnings, without any doubt, can be termed as ambitious and seems to be ‘not so easy to ...
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