First jet fuel plant goes into operation Partex Petro Ltd, an oil refinery, has started production and marketing of aviation fuel, becoming the first company in Bangladesh to manufacture the finished product for the growing air transport market. Partex Group has invested Tk 1,400 crore to set up the facility, which,
Read MoreNBR’s Q1 revenue collection grows 16pc The country’s internal tax revenue collection grew by nearly 16 per cent (year-on-year) in the first quarter (Q1) of the current fiscal year despite posting a shortfall of Tk 40.74 billion against the target. The National Board of Revenue (NBR) collected Tk 671.04 billion
Read MorePM to inaugurate 50, industrial units, other facilities in EZs on 26 Oct Prime Minister Sheikh Hasina will inaugurate 50 industrial units, projects and facilities in Economic Zones (EZs) on 26 October, marking the 50 years of independence. Talking to BSS, Bangladesh Economic Zones Authority (Beza) Executive Chairman Shaikh Yusuf Harun
Read MoreBangladesh to be 9th largest consumer market by 2030 Bangladesh is expected to be the ninth-largest consumer market globally by 2030, leaving behind the United Kingdom and Germany, said a report by HSBC Global Research yesterday. “Bangladesh is expected to see the fastest growth in its consumer market – that
Read More9 sectors hold 70pc bad loans Around 70 per cent of default loans in the banking sector is concentrated in nine sectors of the economy as many borrowers are finding it difficult to pay instalments for the dragging economic slowdown while willful defaulters are also a major factor. The nine sectors
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