S Korea economic growth slows in second quarter
July 28, 2011
South Korea’s economic growth slowed in the second quarter from three months earlier, the central bank said Wednesday, as export gains eased sharply due partly to global economic uncertainties.
FDI flow in Bangladesh surges to $913 million
July 27, 2011
Bangladesh received $913 million in foreign direct investments (FDI) in 2010, marking a 30 per cent rise from the previous year, the Board of Investment (BoI) has said.
Bangladesh a unique place for investment: Minister
July 26, 2011
Minister for Industries Dilip Barua on Monday called upon the foreign investors to set up more labour-intensive industries in Bangladesh, terming the country a unique place for investments. “Bangladesh has the cheapest labour available in the whole world.
Govt plans spending cut to make economy more resilient
July 25, 2011
The government will soon take some effective measures to cut spending for travel, refreshment and decoration of government offices as a preemptive step to make economy more resilient to external shocks.
Bangladesh’s share in aid for trade paltry
July 24, 2011
Though global aid for trade commitments and disbursements has increased significantly under the World Trade Organisation (WTO), Bangladesh received a negligible amount, a WTO report said. Bangladesh received a mere USD 49.6 million under the aid for trade during 2006-2009, against the USD 892.2 million commitments.
16,274 women get foreign jobs in six months
July 23, 2011
At the end of the first six months of the year, a total of 16,274 Bangladeshi female workers found new jobs in foreign countries. With this the overseas employment of women grew by 19 per cent against the corresponding period of 2010 and 31 per cent of 2009.
Thrust on cost audit to ensure efficiency and resource utilisation
July 21, 2011
Cost audit can be a useful tool towards achieving better performance, efficiency, growth, utilisation of resources, transparency and accountability of companies, speakers at a seminar said on Tuesday.
GP shows strong business performance
July 20, 2011
Grameenphone Ltd. (GP) reported Tk 4,340 crore revenue for the first half of 2011, a solid increase of 21 per cent compared to the corresponding period of the previous year. Total revenue for the second quarter of 2011 was Tk 2,273 crores, up by 21 per cent from the same period of 2010.
Bangladesh to spend $6.17b on oil imports
July 19, 2011
Bangladesh will spend $6.17 billion on importing oil in the 2011-12 fiscal year, more than double the previous year, as it buys more fuel at higher cost to fire up new power plants aimed at easing electricity shortages, a senior energy official said.
80pc private companies tax defaulters: NBR
July 17, 2011
Over 80 per cent private companies do not pay taxes showing ‘losses’, says the chairman of the National Board of Revenue (NBR). At a programme to mark the National VAT Week in Chittagong on Friday, Nasiruddin Ahmed said, “Of the 55,000 companies across the country, we get taxes from only 10,000.