Jagaran Chakma

The retail price of each 50-kg bag of cement has edged up 12 percent, or Tk 50, to Tk 460-470 -- a development that will push up construction costs, be it the government’s mega projects or private buildings.

The retail price of mild steel (MS) rod will likely see an average increase of Tk 9,000per tonne for the recent gas price hike and new VAT and tax measures, apprehend industry insiders.

Projects involving about $7.5 billion under the three Indian lines of credit are progressing slowly owing to lengthy processes in land acquisition, change in design and delays in hiring consultants and document preparation.

State banks did not get a single penny from taxpayers in the just concluded fiscal year to make up their capital deficit, in a clear sign from the government of its intent to stop pampering the errant lenders.

Banks will transfer incentive to the bank accounts of remitters or their beneficiaries like they do in case of exporters as the maiden

Dhaka and Beijing will sign an MoU on the establishment of an investment cooperation working group to boost investment ties between Bangladesh and China. The signing will take place during Prime Minister Sheikh Hasina’s July 1-5 visit to China, officials in Dhaka said.

Indian construction equipment manufacturers see a business potential in Bangladesh as the country is gradually phasing out clay brick

The continuation of concessionary duties on raw material import for motorcycle manufacturers into fiscal 2019-20 would help the fast-growing sector, said market players.

Dhaka will sign two agreements with Beijing to borrow $2.37 billion for two power projects during Prime Minister Sheikh Hasina’s four-day China visit from July 1, finance ministry officials said yesterday.

The government’s target to raise private investment to 24.2 percent of GDP will be challenging given the trend in last several years

The government has resorted to deficit financing, largely through bank borrowing and sale of high-cost savings certificates, increasing the interest payment burden on its shoulders and fuelling inflation.

Former finance minister AMA Muhith has said his successor faces three major challenges: increasing the size of the national budget, realising more revenue and improving the banking sector.

Bangladesh is going for a record amount in external debt repayment this fiscal year, putting pressure on the almost stagnant foreign currency reserves and tightening market conditions.

Some Chinese garment makers want to set up factories under joint venture in Bangladesh as they see the country as a competitive destination to relocate plants amid raging US-China trade war and the rising cost in the world’s second largest economy.

State banks can keep on expecting to be coddled despite their continued financial irregularities and irresponsible lending practices, with the government looking to inject Tk 1,500 crore in the upcoming fiscal year to help the lenders meet their capital shortfall.

The government’s subsidy expen-diture is likely to soar 22.28 percent year-on-year to about Tk 45,000 crore next fiscal year as its

Footwear manufacturers and retailers are looking to rake in Tk 3,000 crore in sales this Eid-ul-Fitr as sandals and shoes are high on

Television brands and retailers are expecting good sales in the run up to the ICC Cricket World Cup, which is all set to begin in England and Wales on May 30. Cricket fans in Bangladesh will be glued to TV sets to watch live their beloved national team compete with the big teams in the sport’s

Japanese trading giant Sumitomo Corporation and Bangladesh Economic Zones Authority (Beza) are going to enter into a joint venture

Big business groups are entering the automobile workshop business, tempted by the massive jump in the number of motor vehicles plying the roads in the past several years. Their entry means traditional workshops will gradually be phased out and replaced with sophisticated automated repair centres.