Business

Reforms needed to sustain growth

Says World Bank, puts Bangladesh among 5 fastest growing economies, projects 7.3pc growth in FY2018-19 Staff Correspondent Bangladesh needs to come up with reforms at the earliest to sustain the growth momentum which has landed it among the five fastest growing economies in the world, the World Bank said yesterday. The Washington-based multilateral lender tipped […]

Business

Seminar on E-commerce held at BUBT

Business Report A seminar on “E-commerce and its Challenges in Bangladesh”was organized in Bangladesh University of Business and Technology (BUBT) in its International Conference Hall,Rupnagar, Mirpur-2 in the capital on Monday, April 08, 2019. Department of Computer Science and Engineering (CSE) of the university arranged this seminar to discuss the current situation, growth and challenges […]

Business

No new tax in budget

New VAT law to be enforced, insurance cover for big property, more attention to bourse Staff Correspondent Finance Minister AHM Mustafa Kamal yesterday outlined an ambitious budget plan for the next fiscal year and said the budget would see no extra tax on people. But new VAT law to be enforced in 2019-20 budget in […]

Business

Remittance up 10.28pc in nine months

Business Report Inward remittances edged up 10.28 percent year-on-year to $11.87 billion in nine months to March this year thanks to the steady depreciation of the taka against the US dollar. Majority of the banks have taken steps to boost foreign exchanges because of their higher import payments than export earnings, bankers said. “Many lenders […]

Business

Banks to charge simple interest rate: Kamal

Business Report Finance Minister AHM Mustafa Kamal today said that simple interest rates will be charged on all bank loans instead of present practice of compound rates to lower burden on borrowers. “In the country, there is a practice of charging compound interest rates on bank loans, which is against global practice. Now, simple interest […]