Business articles

WB approves $15m credit to help Bangladesh improve its statistics

DHAKA – The World Bank has approved a US$15 million financing to help Bangladesh produce timely and quality statistics, reports BSS. This credit will help the country make more evidence-based policy decisions, according to a press release of the World Bank received here today. The National Strategy for Development of Statistics Implementation Support Project will […]


GP, BL pay Tk 152cr to NBR as 4G VAT

DHAKA -Grameenphone and Banglalink have paid Tk 152 crore as Value Added Tax (VAT) on their spectrum acquisition fee for 4G, reports BSS. Bangladesh Telecommunication Regulatory Commission (BTRC) deposited the amount to the Large Taxpayer Unit (LTU) of the National Board of Revenue (NBR), said a NBR official. But, Robi did not clear the VAT […]

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UN declares Bangladesh’s eligibility for graduation from LDCs

DHAKA – Committee for Development Policy (CDP) of the United Nations has officially declared the eligibility of Bangladesh for graduating from the Least Development Countries (LDCs), reports BSS. “The CPD on Friday handed over a formal letter in this regard to the Bangladesh’s Permanent Representative to the UN Masud Bin Momen at a porgramme organised […]

Tariffs and tech to tax G20 ministers in Argentina

BUENOS AIRES – Tariffs, tech and taxes will strain finance ministers from G20 countries at a meeting in Argentina next week overshadowed by the gathering clouds of a trade war, reports BSS. The two-day meeting in Buenos Aires, which starts Monday, comes at a particularly tense moment just two days before the United States is […]

Hosting Merkel, Macron gets chance to push EU business

PARIS – Having finally secured her fourth term as Germany’s chancellor, Angela Merkel heads to France on Friday for talks with President Emmanuel Macron, who is eager to push ahead with EU overhauls, reports BSS. Macron has called for a major reform drive to reinvigorate the European Union at a time of rising populist challenges. […]

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Marcel releases huge power efficient Fridges, AC, TV

The local electronics and electrical appliances manufacturer Marcel released huge power-efficient fridges, air-conditioners, televisions, home and electrical appliances in the local market, says a press release. The local brand released lots of new models of appliances to grab its target of bagging 30 percent growth in the sales of its products in 2018 compared to […]

Pro-Trump TV pundit Kudlow ascends to the White House

Conservative TV business news personality Larry Kudlow is generally a booster of President Donald Trump’s economic policies-and a man who does not mince words. The White House on Wednesday confirmed media reports that Kudlow would replace Gary Cohn, the former Goldman Sachs president who stepped down last week as Trump’s top economic advisor following an […]

Economic Watch: China takes new steps in stock market reform

While fast-tracking listing approval for tech giant Foxconn Industrial Internet, the Chinese securities regulator is also showing the door to underperforming companies, with tougher delisting rules. Since March, the China Securities Regulatory Commission (CSRC) and stock exchanges have released draft rules that will force companies to exit the equity market for serious law violations. Earlier […]


Export earnings from RMG increases by 8.3pc

DHAKA – Export earnings from the Readymade Garment (RMG) increased by 8.3 percent or US$ 584.87 million in October to December quarter of 2017 than the corresponding quarter of previous year 2016, reports BSS. “Contribution of RMG sector in the country’s export earnings is increasing day by day as the government has taken various steps […]

EU hopes for clarity from crunch US trade talks

Top EU trade officials will hold crunch talks with their US counterparts in Brussels on Saturday hoping to get “clarity” on President Donald Trump’s controversial new steel and aluminium tariffs. Trump’s announcement of duties of 25 percent on imported steel and 10 percent on aluminium has stung the European Union and triggered warnings of an […]

Indian Rupee weakens ahead of US jobs data; down 3 paise

The Indian rupee failed to hold on to its early strong gains and eventually slipped back by 3 paise to end at 65.17 against the US currency on steady dollar demand from importers and banks. Consistent capital outflows from foreign funds against the backdrop of highly volatile domestic stock markets largely weighed on the currency […]


Cautious Bank of Japan holds line on monetary policy

TOKYO – Japan’s central bank on Friday said it was keeping its ultra-loose monetary policy in place, in keeping with expectations, as the world’s third-largest economy struggles to rekindle growth, reports BSS. The Bank of Japan’s massive monetary easing programme is a cornerstone of Prime Minister Shinzo Abe’s “Abenomics” campaign to kickstart the economy after […]

China’s manufacturing dev to create more jobs worldwide

A number of countries have claimed that China has been stealing manufacturing jobs from them, but the facts tell a different story-China is creating jobs for them. Logically speaking, neither China nor any country else can “steal” jobs from the other countries, since each country creates its own job opportunities for its citizens basing on […]


Bidi industry demands withdrawal of ‘extra tax’

TBT Economics: Leaders of Bidi workers have urged the government to protect the country’s Bidi industry and demanding announcement it as cottage industry. They also urged to withdraw ‘extra tax’ on the home-grown bidi industry to save the sector, which employs people mostly from the extremely poor community. The speakers came up with the demands […]

BB’s sharecropper scheme empowers rural women

The life of Lutfa Begum was not easy like now as she and her husband could not properly manage all expenses needed for their family, even the education of their children, for money crisis. Poverty led Lutfa’s conjugal life to trouble. They had a piece of land where they made a thatched hut. They owned […]

Electric powered Minis to be built in China

Electric-powered Mini cars are to be built in China, as well as in Oxford where most Minis are currently made. BMW, the owner of the Mini brand, said it had agreed an outline deal with Chinese manufacturer Great Wall Motor. Cars made under that partnership will be for the Chinese market. The deal will not […]


LNG terminals to expedite investment: experts

DHAKA – The country’s first two liquefied natural gas (LNG) terminals, which are set to go into operation this year, will accelerate both local and foreign direct investments (FDI) in Bangladesh through ensuring energy security and meeting its growing demand, observed experts, reports BSS. “As per the schedule, the country’s first floating LNG terminal will […]

China the biggest trade partner for all Australian states: Aussie report

China remains the largest trading partner for all six Australian states, a report said on Monday. The “Australia’s Trade by State and Territory 2016-17” report, released by the Department of Foreign Affairs and Trade (DFAT) on Monday, found that Western Australia (WA) remained the biggest exporter among Australia’s states and territories in the 2016-17 financial […]

ECB freezes Latvian bank after laundering allegation

ECB freezes Latvian bank after laundering allegation The European Central Bank said Monday it has frozen payments by the third-largest bank in tiny Baltic state Latvia, as its finances have deteriorated in the wake of money laundering allegations from Washington. “Temporarily, and until further notice, a prohibition of all payments by ABLV bank on its […]

Asian markets edge up as investor sentiment calms

Asian stock markets mostly edged up in thin holiday trade on Monday, with Tokyo’s benchmark index surging nearly two percent as investors regained some confidence. A weaker yen and continued gains on Wall Street last week helped push the bellwether Nikkei 225 index up 1.97 percent or 428.96 points to close at 22,149.21. The broader […]


Central Bank gives BB Award to Dr Azizur Rahman and Dr Mahbub Hossain

DHAKA – The Central Bank today handed over Bangladesh Bank Award 2017 to the country’s two renowned economists- Dr Azizur Rahman Khan and late Dr Mahbub Hossain- for their outstanding contributions to the field of economy, reports BSS. Finance Minister Abul Maal Abdul Muhith formally handed over the awards as the chief guest to Dr […]

Bangladesh makes progress in JBIC Survey on Japanese Companies

Bangladesh has leaped forward to 14th place from 21st as a ‘Promising Country for Overseas Business over the Medium-term (next 3 years or so)’ according to Japanese manufacturing Small and Medium Enterprises (SMEs), reports BSS. This has been reported in the ’29th Annual Survey Report of the Japan Bank for International Cooperation (JBIC) on Overseas […]

Nestle opens door to L’Oreal sale as 2017 disappoints

Swiss food giant Nestle on Thursday appeared to open the door to selling its stake in French cosmetics group L’Oreal after it said that its own business performance in 2017 fell short of expectations. Nestle, which has come under pressure from an activist investor, US hedge fund Third Point, to sell its stake in L’Oreal, […]