Spectrum auction: No earnest money for Teletalk By Anaet Shawon | Last Updated: 5th March, 2021, 09:49

The cell-phone operators have sought 11.8 MHz of spectrum in 1800 band against the available spectrum of only 7.40 MHz

Spectrum auction: No earnest money for Teletalk

Govt may extend power import deal with India 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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' due to Covid 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 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 Remittance keeps economy strong amid corona

Bangladesh received about $21 billion remittance till December 17, 2020


DCCI launches Membership Online Service 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 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 and pound rise on Brexit deal hopes 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 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 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 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 sector automation needed for smooth customer services: Nasrul '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 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 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 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 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 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 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 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 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 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

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