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Remittance: Bangladeshi expatriates to get 2pc cash incentive By Sun Online Desk | Last Updated: 27th May, 2019, 10:04

The declaration will come in the upcoming budget where Tk 2,800 crore will be allocated, according to finance ministry sources 

Remittance thru' proper channel: Bangladeshi expatriates to get 2 percent cash incentive

China digs in for protracted trade fight with US China digs in for protracted trade fight with US

Trump has left the door open for reconciliation with plans to meet President Xi on the sidelines of the G20 summit in Japan next month


Japan trade a problem for Trump, but not as bad as China Japan trade a problem for Trump, but not as bad as China

The $70 billion Japanese trade surplus with the US is dwarfed by China's $379 billion surplus, and the trade tensions between Washington and Tokyo are far less contentious than the tariffs war with Beijing


Mismanagement, graft behind low revenue: Kamal

Mismanagement, graft behind low revenue: Kamal

“Low revenue mobilisation is a concern for us, but I think if we’re able to remove mismanagement and graft, then higher revenue collection won’t be impossible,” says the finance minister


Momen urges Chinese manufacturers to invest in Bangladesh Momen urges Chinese manufacturers to invest in Bangladesh

Momen says Bangladesh is looking forward to get huge foreign investment 


Govt forming 'Dhaka Tannery Industrial Estate Management Company Ltd' Govt forming 'Dhaka Tannery Industrial Estate Management Company Ltd'

The government is going to form a company titled ‘Dhaka Tannery Industrial Estate Management Company Limited’ for the operation of the Central Effluent Treatment Plant (CETP) at Savar


Equities, pound and oil sink in Asia on trade and Brexit woes Equities, pound and oil sink in Asia

The heavy selling comes after a relatively sedate couple of days in Asia and follows losses on Wall Street


NBR to outsource 10,000 people for tax collection NBR to outsource 10,000 people for tax collection

The finance minister said that the tax-GDP ratio is still low in Bangladesh with around 10 percent compared to other neighboring countries which are around 18-19 percent


Pound at four-month lows as Brexit rumbles, Asian equities simmer Pound at four-month lows as Brexit rumbles

Attention is now on the release later in the day of the minutes from the Federal Reserve’s most recent policy meeting


UN lowers global economic growth forecasts for 2019-2020 UN lowers global economic growth forecasts for 2019-2020

The new report says the growth outlook in all major developed countries and most developing regions has weakened due to both domestic and external factors


Asian stocks mixed after Wall Street fall on Huawei anxiety Asian stocks mixed after Wall Street fall on Huawei anxiety

Benchmarks in Shanghai and Seoul advanced, while Tokyo, Hong Kong and Sydney declined


Accord gets more 281 days for remediation Accord gets more 281 days for remediation

Court says Accord can continue its activities for 281 days from May 8


Canada aims to ratify trade deal after lifting of tariffs Canada aims to ratify trade deal after lifting of tariffs

On Friday, US President Donald Trump announced the lifting of tariffs on steel and aluminum imports from Canada and Mexico


Pound slides to four-month low after Brexit talks end Pound hits four-month low as Brexit talks end

The pound was 2% lower this week, its steepest decline since February last year when it fell by more than 2%


BB asks banks to ensure incentives for good borrowers BB asks banks to ensure incentives for good borrowers

The Bangladesh Bank has asked the banks to identify the good borrowers on September every year and ensure incentives for them properly


Money laundering act will be amended: FM Money laundering act will be amended: FM

Kamal says money laundering usually takes place from two sectors — banking and revenue — and apart from these two sides, there is no such scope for any wholesale money laundering


EU fines banks €1bn for currency rigging EU fines banks €1bn for currency rigging

Five banks have been fined a total of €1.07bn (£935m) by the European Commission for forming illegal cartels to rig the foreign exchange market


Bakhrabad Gas Field’s old well resumes production after 4 yrs Bakhrabad's old well resumes gas production

The well-No 1 of the Bakhrabad gas field is one of the oldest wells in the country which was first drilled in 1968 and it started producing 33 mmcfd gas in 1981 through work-over process


Asian markets sink as Trump further stokes trade war fears Asian markets sink as Trump further stokes trade war fears

The Trump administration has for months tried to persuade allies not to allow China a role in building next-generation 5G mobile networks


Asian stocks follow Wall Street higher Asian stocks follow Wall Street higher

Asian stocks followed Wall Street higher Wednesday after President Donald Trump downplayed his escalating tariff war with Beijing and said a settlement is possible


China's economy shows further weakness as retail sales struggle China's economy shows further weakness as retail sales struggle

Beijing has rolled out huge tax-cuts and other measures this year to ramp up the economy and offset the impact of a trade war that has seen the US impose tariffs on hundreds of billions of dollars worth of Chinese goods, causing worries for exporters


Trump says Fed could help 'win' trade war with China Trump says Fed could help in trade war

The US and China have been fighting a trade war since last year, placing billions of dollars worth of tariffs on one another's goods


Mirsharai economic zone of BEPZA to create jobs for 5 lakh Mirsharai economic zone of BEPZA to create jobs for 5 lakh

The Mirsharai economic zone has got allocation of 1150 acres of land which is half of the total area of 2308.98 acres of eight EPZs of BEPZA


Dhaka urges Delhi to withdraw anti-dumping duty Dhaka urges Delhi to withdraw anti-dumping duty

Commerce Minister Tipu Munshi raises the issue during his meeting with Indian counterpart Suresh Prabhu on Tuesday in New Delhi


FM Kamal says no gap between Govt, FBCCI Govt, FBCCI have no differences: Kamal

Finance Minister AHM Mustafa Kamal today said that there is now no distance between the government and the business community including FBCCI


Uber's losses reach double digits in IPO debut debacle Uber's losses reach double digits in IPO debut debacle

The share slump reflects investor scepticism about the size of the ride-hailing market, Uber's ability to execute on food and package delivery and its push into autonomous vehicles


US sees rapid growth of economic, commercial ties with Bangladesh US sees rapid growth of economic, commercial ties with Bangladesh

Bangladesh encouraged to remove remaining trade barriers to ease doing business


Bangladeshis will be richer than Indians by 2030: StanChart Bank Bangladeshis will be richer than Indians by 2030: StanChart Bank

While demographic dividend will be a boon for India, Bangladesh’s investments in health and education should juice productivity, Stanchart says


Few deviations don’t define whole industry: BGMEA Few deviations don’t define whole industry: BGMEA

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Monday clarified its position on a report published by Worker Rights Consortium


Poverty rate comes down at 21.8pc in 2018: BBS Poverty rate comes down at 21.8pc in 2018: BBS

The extreme poverty rate also declined to 11.3 percent in 2018


Would you buy shares in Uber? Would you buy shares in Uber?

Uber is selling shares to finance one of the most ambitious business plans in history. To revolutionise and then dominate global transportation


Uber shares sink on stock market debut Uber shares sink on stock market debut

Uber shares slid to close 7.6% down on their first day of trading, as the highly anticipated share market listing failed to win over investors


Govt sets higher revenue collection goal for next FY Govt sets higher revenue collection goal for next FY

The revenue collection target for the 2019-20 fiscal has been set at Tk 3.97 lakh crore to reduce dependency on foreign aid and grants


Bangladesh to be among top 20 contributors to world economy Bangladesh to be among top 20 contributors to world economy

Bangladesh is going to be one of the top 20 countries that would contribute to the world economic growth in the next fiscal 2019-20


UN leaders seek more actions to deal with climate change UN leaders seek more actions to deal with climate change

The leaders of more than 30 UN agencies and entities have issued a formal joint appeal for governments everywhere to “step up ambition and take concrete actions” 


Move afoot to make loss-making sugar mills profitable Move afoot to make loss-making sugar mills profitable

Currently, there are 15 sugar mills under the Bangladesh Sugar and Food Industries Corporation and those are dogged by losses, according to officials


Next budget to be more people-friendly: Kamal Next budget to be more people-friendly: Kamal

Kamal says the government will provide special focus on developing skill of the country’s workforce


Govt mulling rice export to benefit farmers: Agri Minister Govt mulling rice export to benefit farmers: Agri Minister

Razzaque says that only the surplus rice will be exported


Ethiopia's garment workers are world's lowest paid   Ethiopia's garment workers are world's lowest paid

Ethiopian politics are also unexpectedly disrupting factory operations


Tipu Munshi calls for paradigm shift in Ramadan economics Tipu Munshi calls for paradigm shift in Ramadan economics

The Commerce Minister made the call during a views-exchange meeting on market monitoring as a way to keep prices of essential commodities stable during Ramadan

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