Economy | The Daily Star

  • GDP for FY 2019-'20 will be 7.2%: WB

    World Bank (WB) has forecasted the Gross Domestic Product (GDP) growth rate of Bangladesh at 7.2 per cent for the fiscal year 2019-20, while government’s projection for the same fiscal year in the national budget was 8.2 per cent.

  • Bangladesh slips to 105 in economic competitiveness ranking

    Bangladesh has slipped two notches to 105th in economic competitiveness ranking in 2019, according to Global Competitiveness Index (GCI) 2019 released by World Economic Forum.

  • 8m came out of poverty in 6yrs: WB

    Around eight million people in Bangladesh have come out of poverty between 2010 and 2016, according to the latest poverty assessment report of World Bank.

  • Income tax return in Bangladesh

    Majority don’t pay income tax: NBR

    About four crore people in the country have capacity to pay tax but majority of them do not pay tax on their income, National Board of Revenue (NBR) chairman says.

  • India to continue its support to BIMSTEC: Dr Jaishankar

    Minister of External Affairs of India Dr S Jaishankar has reiterated India’s strong commitment to continue support to the BIMSTEC process.

  • ‘Creation of new entrepreneurs must for sustainable economy’

    Proper utilisation of the proposed fund of Tk 100 crore in the budget for fiscal 2019-2020 is necessary for creation of new entrepreneurs for sustainability of the economy, Bangladesh Chamber of Industries (BCI) President Anwar-Ul-Alam Chowdhury (Parvez) says.

  • ‘ADB considers US$ 100m grant for Rohingyas in Bangladesh’

    The Asian Development Bank is considering to provide a grant of US$ 100 million to Bangladesh specially for the Rohingya refugees, ADB President Takehiko Nakao says.

  • GDP growth 8.13%, breaks previous records: Minister

    Bangladesh's economy has grown 8.13 per cent this fiscal year, the highest in its history, says Finance Minister AHM Mustafa Kamal while releasing a provisional estimate.

  • RMG exports to India can hit $2b in 2yrs

    Bangladesh has the capability to export $2 billion worth of apparel to India in the next two years on the back of its duty-free access to the market and rising demand for garment items at competitive prices, said Commerce Minister Tipu Munshi yesterday.

  • Largest private economic zone to be ready this year

    The country's largest private economic zone, Sirajganj Economic Zone Ltd (SEZL), may open for entrepreneurs within this year.

  • Apparel shipment to Europe quicker now

    Bangladesh's garment shipment to Europe has expedited with the introduction of transshipment facility from Kolkata's Netaji International Airport on a pilot basis, exporters said.

  • Stocks hit 8-month high

    The stockmarket has continued to maintain its post-election rally, reaching an eight-month high of 5,687 points yesterday.

  • I will not fail

    The finance ministry will make a fresh start from today and will be beyond reproach, said AHM Mustafa Kamal after he was given charge of the ministry.

  • Japanese firm to invest $10m in Meghna economic zone

    Japanese Sakata Inx is set to invest $10 million to establish a liquid ink manufacturing plant in the Meghna Industrial Economic Zone (MIEZ), a development that can reduce the country's import dependency of the product.

  • Motorcycle Manufacturing Plant in Bangladesh

    Japan’s Honda opens motorcycle plant

    Japan automobile giant Honda yesterday inaugurated its motorcycles manufacturing plant in Bangladesh, in what can be viewed as a watershed moment for the country's industrial capabilities.

  • Indiscipline in economy to slow SDG progress

    The rampant indiscipline in the economy would turn out to be a big impediment to achieving the Sustainable Development Goals, said a noted economist yesterday.

  • Global Competitiveness Index

    Bangladesh slips a notch

    Bangladesh has come down one spot in the World Economic Forum's Global Competitiveness Index thanks to a change in methodology to better reflect today's rapidly changing, increasingly digitised world economy.

  • Ecnec’s flurry of project approval continues

    The Ecnec yesterday approved 17 projects including one for land acquisition to elevate the Faridpur-Kuakata highway into a four lane one to establish smooth communication with the tourist spot.

  • GDP growth rate for Bangladesh in FY 2018-19

    WB projects 7% growth for Bangladesh in FY19

    World Bank has projected a seven per cent growth rate for Bangladesh in the fiscal 2018-19. The report ‘Bangladesh Development Update: Powering the Economic Efficiency’ said Bangladesh’s economy is still one of the fastest growing economies in the developing world.

  • JV to invest Tk 500cr in steel plant

    Japan's Nippon Steel has formed a joint venture company with Bangladesh's McDonald Steel Building Products Ltd to set up an import substitute plant in the Mirsarai Economic Zone in Chattogram.

  • Finance Minister AMA Muhith

    Defaulted Loans: 5 state-run banks hold nearly 43pc

    Bad loans at five state-owned banks totalled Tk 56,283 crore as of June, Finance Minister AMA Muhith told parliament yesterday.

  • Who dominates economies of Asia

    China dominates Asian economies

    From Xi’s China to Duterte’s Philippines, Asian economies have risen as the world’s best countries in terms of GDP.

  • DSE delists two firms

    Modern Dyeing & Screen Printing and Rahima Food Corporation have been delisted from the Dhaka Stock Exchange for remaining closed for more than three years.

  • Junk shares reign over Dhaka bourse

    In a curious development, five junk stocks were among the top ten gainers of the premier bourse yesterday.

  • Current account deficit set to cross record $10b

    Bangladesh's current account deficit is set to cross the $10 billion mark for the first time in history as the country's capacity to export continues to lag behind its appetite for imports.

  • Roadshows to draw foreign funds in hi-tech parks

    Bangladesh Hi-Tech Park Authority is set to organise roadshows in different cities around the world from September to attract foreign investors, including non-resident Bangladeshis.

  • Lift weight limit for vehicles

    Chittagong-based business leaders yesterday threatened to shut down the wholesale hub in Khatunganj and stop transporting goods if the weight limit on the vehicles plying on the Dhaka-Chittagong highway is not lifted within a week.

  • Accolade for export heroes

    Commerce Minister Tofail Ahmed yesterday handed over the national export trophies to owners of 63 companies for their extraordinary export performance in 2014-15.

  • Understanding needed to thwart data security threats: ICCB

    Strong understanding of criminal operation and risk management is crucial for financial institutions as fraud and data security threats are emerging in many forms and channels, said Mahbubur Rahman, president of the International Chamber of Commerce (ICC) Bangladesh.

  • Singaporeans seek 3,000 acres for economic zone

    A team of investors based in Singapore has sought 3,000 acres of land at Mirsarai in Chittagong from the government to establish a special economic zone for the businesses of the Southeast Asian island country.

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