Holiday Report At an inter-ministerial meeting recently the government has decided to bar the import https://www.weeklyholiday.net/files/index_php/category/business/page/of cattle from across the border and asked the law enforcers to strictly monitor the border so traders or local influential person can’t bring in sacrificial animal. the country has enough supply as farmers have raised and fattened cattle and […]
Business
Local firm going to produce electric vehicles from next year
Plant at Mirsarai having external technical support is set to change vehicles on roads Holiday Report A local automobile firm Bangladesh Auto Industries Ltd (BAIL) is going for producing electric vehicles in Bangladesh from next year with an initial investment of $200 million. It will be located on a 100-acre of land at the Mirsarai […]
Investors demand removal of BSEC chairman
Regulator rewrites IPO rules Holiday Report Amidst growing despair among small investors who believe the stock market is heavily biased to the interest of big business, which in turn has eroded people’s confidence in the bourse, the regulator at last decided to rewrite the IPO rules to give some edge to small investors. The bourse […]
China-funded Projects: Joint body to probe slow pace
Only 5pc fund for the $20b projects released since 2016 Rejaul Karim Byron A joint working group has been formed to probe the slow progress of the 27 projects involving around $20 billion that China had agreed to provide during President Xi Jinping’s Dhaka visit in October 2016. China has so far disbursed only $981.36 […]
Trade war, Brexit stoke debt and dollar, hit stocks and sterling
Reuters, London Resurgent trade tensions, concern over the outlook for corporate America and the growing risk of a chaotic Brexit in the United Kingdom curtailed appetite for equities on Wednesday and stoked demand for “safe” government bonds. US President Donald Trump renewed his threat to tax another $325 billion of Chinese goods, amid nervousness over […]
PLFS up for liquidation
General shareholders risk to lose their entire investment Holiday ReportThe first ever liquidation of a financial institution in up in the country’s history. The government has decided to dismantle People’s Leasing and Financial Service (PLFS) since it been insolvent for quite some times with over 60 percent of the loan portfolio non-performing. The finance ministry […]
Economic “game changer”? African leaders launch free-trade zone
Reuters, Niamey African leaders met on Sunday to launch a continental free-trade zone that if successful would unite 1.3 billion people, create a $3.4 trillion economic bloc and usher in a new era of development. After four years of talks, an agreement to form a 55-nation trade bloc was reached in March, paving the way […]
BB to allow $10,000 for travelling abroad on medical ground
Holiday Report Bangladesh Bank (BB) now allows releasing US$10,000 or equivalent through authorized dealers for travelling abroad on health grounds by Bangladeshi nationals against documentary medical evidences. “Such facility may also be usable through international cards (prepaid or debit or credit), subject to adhere to applicable instructions,” according to a BB circular issued on Tuesday. […]
NBR launching mobile apps to net new tax payers
Holiday Report The National Board of Revenue (NBR) is going to launch a ‘mobile app’ for increasing the number of taxpayers and preventing tax evasion. “We will make web-based software and a mobile app for increasing the number of taxpayers. Through the app, we will bring all taxable persons under the tax net,” a senior […]
India’s cautious budget puts onus on central bank to spur growth
Reuters, New Delhi The Indian government’s annual budget statement on Friday included measures aimed at improving the investment climate but lacked any direct steps to stimulate a sagging economy, adding to pressure on the central bank to provide more immediate help. Indian Finance Minister Nirmala Sitharaman stuck to the government borrowing target announced in an […]
