BD Financial News

29/05/2019

The number of large industries employing 250 or more people fell by 608 units to 3,031 in 2019 from 3,639 in 2012, the latest Survey on Manufacturing Industries (SMI), 2019 revealed.

On the other hand, the number of medium-size plants fell drastically by 51 per cent to 3,014 units in 2019 from 6,103 in 2012, the survey released on May 23 showed

The number of the country's large and medium manufacturing industrial establishments declined significantly in 2019 despite the fact that the curve of their contribution to the gross domestic product (GDP) headed upwards. The contribution of the manufacturing sector to the GDP is estimated at nearly...

11/05/2019

https://thefinancialexpress.com.bd/views/views/activating-the-countrys-bond-market-1557413222

For the last couple of months, a move is on to activate the country's bond market. As part of this move, two separate committees have already been formed and assigned to outline measures to activate bond market. Bond market is now entirely dominated by the short-term and long-term tradable fixed inc...

10/05/2019

Non-profits like religious bodies, political parties, non-governmental organisations and clubs now contribute nearly 1.0 per cent of the $274-billion economy, showed the Bangladesh Bureau of Statistics (BBS).

The contribution of non-profit organisations to the national economy has been substantial in recent years as the sub-sector is growing rapidly. Such non-profits tend to provide services rather than produce goods and they still consume goods and services just as a private company does. It usually hap...

09/05/2019

The government debt rose to 32.5 per cent of the gross domestic product (GDP) in December 2018, up by 2.1 percentage point from a year earlier, according to estimates of the Institute of International Finance (IIF).

The government debt went on rising in the year 2018 mainly due to an increased sale of the national savings certificates (NSCs). The debt rose to 32.5 per cent of the gross domestic product (GDP) in December 2018, up by 2.1 percentage point from a year earlier, according to estimates of the Institut...

07/10/2018

When contacted over mobile phone and email, Unilever Bangladesh media manager Ahsanur Rahman said that they need more time to make any comments.

But this FE correspondent didn't receive any more feedback from the company as of Saturday, even after a wait for seven days.

However, Reckitt Benckiser Bangladesh declined to make any comment on the issue despite repeated attempts.

Prices of toiletries have shot up in recent months, burning a hole in the pocket of limited income group. Almost all types of soaps, shampoo, toothpaste, detergent and toilet cleaners saw a price hike of up to 27 per cent at retail markets over the past few months. Many manufacturers have also reduc...

13/05/2018

http://today.thefinancialexpress.com.bd/first-page/location-makes-mirsarai-hot-cake-for-investors-1526143444

Just 20 years back, land-starved Bangladesh was blessed with a considerable volume of land reclaimed from the Bay of Bengal at the Mirsarai point of Chattogram. And local people say the vast char land was used as a sanctuary for the cattle population including buffaloes. Assessing the potential and....

11/05/2018

https://www.thedailystar.net/business/current-account-deficit-hits-record-high-1574656

11/05/2018

https://www.thedailystar.net/business/exports-climb-apparel-boost-1574668

11/05/2018

http://today.thefinancialexpress.com.bd/first-page/nbr-to-drop-country-of-origin-rules-1525974851

The National Board of Revenue (NBR) has decided to fix the minimum customs value of products on the basis of their nature and quality instead of the existing 'country of origin', officials said.The board took the decision to make the valuation rules consistent with those of the World Trade Organisat...

11/05/2018

http://today.thefinancialexpress.com.bd/first-page/moheskhalis-blooming-into-industrial-hub-looks-likely-1525975182

Southeastern Moheskhali may blossom into an 'integrated' industrial hub as the country's investment promotion agency has planned to set up seven economic zones on the Cox's Bazar island.The land area earmarked by the state-run Bangladesh Economic Zones Authority (BEZA) to establish the zones is over...

10/05/2018

http://today.thefinancialexpress.com.bd/first-page/one-stop-service-for-zones-investors-looks-uncertain-1525887832

The economic zones' regulator has failed to offer its one-stop service even after more than three years since a demand was raised to bring the required provisions under one umbrella for the investors. In its second board meeting held in February 2015, the BEZA first raised the issue after a prolonge...