Sunday, 7 March, 2021
The cell-phone operators have sought 11.8 MHz of spectrum in 1800 band against the available spectrum of only 7.40 MHz
Govt may extend power import deal with India
The Indian state-owned NTPC Vidut Vyaper Nigam Ltd (NVVN) has already made a proposal to extend the PPA
World Bank prediction on Bangladesh economy inconsistent
Finance Minister AHM Mustafa Kamal has said that the World Bank is not consistent in its prediction
Govt to procure 12.85 lakh MT fuel oil for Jan-June period
CCGP approved nine proposals including one for procuring 12.85 lakh metric tons of refined fuel oil
Govt aims to recover imports as economy accelerates over next three fiscals
The import growth in 2018-19 fiscal was 1.8%, according to official numbers
Bangladesh can afford more borrowing to address COVID-affected economy: BB
Bangladesh now can afford more borrowing to address the economic fallout from COVID-19 pandemic
Tk 148bn stimulus packages likely in FY ’22
The package will be spent on subsidy in working capital interest and credit guarantee schemes to support economic recovery from the COVID-19 crisis
Remittances: First 6 months of fiscal sees over 37 percent growth
The number for December 2020 was around $2.05 billion ($2,050.64mn), compared to $1.7 billion ($1,691.68mn) in 2019
Social safety net to expand to Tk 1.01tn in FY22
The allocation will be 17.04 percent of the fiscal budget or 2.84 percent of the GDP
Wall Street to kick out Chinese telecom giants
The three firms' shares are thinly traded in the US compared to their primary listings in Hong Kong
Economy braces for new challenges in 2021
The World Bank in June in its forecast envisions a 5.2 per cent contraction in global GDP in 2020, despite the extraordinary efforts of governments
IFAD to provide US$18.07 million to Bangladesh for COVID-19 recovery activities
This additional loan will finance activities from January 2021 to December 2022
Tk 5.92 trillion budget likely in FY22
Revised budget outlay for the current 2020-21 fiscal year is going to be downsized by 5.28 per cent to Tk 5.3 trillion from Tk 5.68 trillion
Flashback in Outgoing 2020: Corona hits hard RMG sector
During the February-April period, apparel makers faced cancellation of export orders worth about $3.18 billion that slightly started rebounding from July
Economy looks to get past a year of damage control
Economists are hopeful that 2021 will be the year to turn things around
Forex reserves hit record high of over $43 billion
Earlier, the previous highest reserves amounting over $42 billion were recorded on December 15 this year
ADB provides $200m loan to improve rural electricity access
The additional loans will scale up the ongoing $616 million Bangladesh Power System Enhancement and Efficiency Improvement Project, which ADB approved in 2017, said a press release
8th 5-year Plan Okayed: Govt sets target of 8.51pc GDP growth
The new mid-term plan, touted as the main tool for attaining Sustainable Development Goals, eyes to create 113,30,000 new jobs by FY25
Bangladesh sets export earnings target at 15% this fiscal
In the last financial year, the country's export earnings suffered a whopping 17% negative growth
Bangladesh to be 25th largest economy by 2035
The country will be the 34th largest economy in the world by 2025 continuing to be 2nd in South Asia
Mobile banking sees 19pc fall in active users in a month
The number of active MFS accounts was 41.03 million in September this year, which slipped to 33.29 million at the end of October
Chinese economy 'to overtake US by 2028'
India is tipped to become the third largest economy by 2030, according to UK-based Centre for Economics and Business Research (CEBR)
High-level committee formed to spur LoC projects
In the last 10 years, India has committed for a total of $7.5 billion credit support to its next door neighbor Bangladesh under three LoCs but only $1.26 billion has so far been disbursed
Remittance keeps economy strong amid corona
Bangladesh received about $21 billion remittance till December 17, 2020
DCCI launches Membership Online Service
Dhaka Chamber of Commerce & Industry (DCCI) has created a separate online portal “Membership Online Service”
Technological advancement vital for NPP safety: Russian expert
It was necessary to have modern localizing safety systems at nuclear power plants to prevent or limit the spread of radioactive substances
Stock markets, pound rise on Brexit deal hopes
Asian markets and the pound moved higher on Thursday ahead of a possible post-Brexit deal
BB to launch Tk 100bn stimulus for CMSMEs
A CMSME will be eligible to get the highest Tk 5 million in loans under the stimulus deal
Agent banking deposits hit Tk 137bn
The number of agent banking accounts stood at 87.86 lakh in October
Bangladesh's forex reserves surge to record high amid Covid-19
According to the provisional Bangladesh Bank (BB) data, the country's foreign exchange reserves stood at 42,094.90 million US dollars as of Dec
'Power automation needed for smooth customer services'
State Minister for Power, Energy and Mineral Resources Nasrul Hamid said on Saturday
Zeal Bangla mill starts cane crushing in Jamalpur
Cane crushing started at Zeal Bangla Sugar Mills (ZBSM) Limited at Dewanganj upazila of the district on Friday
Water security a top priority in COVID-19 recovery: ADB
The Asian Water Development Outlook 2020 describes the status in the region of water security
RMG sector in trouble again amid second wave of corona
Buyers from top export destinations are holding and deferring new orders from Bangladesh due to the re-imposition of strict lockdowns and slowdown in economic activities
PM’s decision on forex reserves utilisation before next budget: Finance Minister
Finance Minister said that Prime Minister Sheikh Hasina will make her decision on utilising foreign exchange reserves
Boeing hires its own pilots to smooth return of 737
The pilots will be paid an equivalent annual salary that could reach $200,000, for a total potential cost of $32m
Govt to get Tk 17.25bn foreign loans for stimulus packages
MoUs have been signed with the European Union and OPEC Fund for International Development with regard to this
Shipping Corporation earns net profit of Tk 41.47 cr in last fiscal
Following the joining of six new vessels, the organization’s net income increased, the board members of BSC opined
Balance of payment shows record surplus at $4bn
Actual imports through back-to-back LCs of ready-made garment (RMG) products increased by nearly 26 per cent to $505.71 million in September from $401.73 million a month ago, according to BB data
Dr Zaid Bakht: An economist with a mission
The Daily Sun profiles Dr Zaid Bakht, who led excellence in many areas of policy research and development economics