The budget for the current fiscal year is set to be slashed by 1.6 per cent in the revised one because of lower development expenditure, with the cut being marginal for healthy revenue collection and higher subsidy spending.

Government borrowing from the banking sector has seen a rapid surge this fiscal year mainly due to the lower investment of general people and firms in national savings tools, a development that may crowd out the private sector.

The Export Import Bank of Bangladesh has recently inaugurated its 139th branch at Juri, Moulvibazar.

Dhaka stocks dropped yesterday with the exception of those of insurance, most of which soared.

Local garment shipments have continued to attain an impressive recovery, largely driven by volume, as the price hike rate has been very low with normalcy restoration in the global supply chain from the pandemic’s severe fallout.

On behalf of the board of directors of Delta Life Insurance Company, a director has sent a rejoinder to a report headlined “Irregularities cost Delta Life Insurance Tk 3,687cr” published in The Daily Star on December 5. 

Millions of people borrow money from family and friends across the world for reasons ranging from meeting household expenditures to educational and health expenses.

The  Asian Development Bank (ADB) yesterday signed agreements with  Bangladesh for a $13.5 million in additional project loan to modernise  irrigation in the country.

Bangladesh has received investment proposals totaling $21.17 billion since the coronavirus pandemic struck the world nearly two years ago, said a top official. 

Though hundreds of housing projects and flats are being exhibited at the REHAB Fair-2021, there is an insignificant percentage of properties for the middle-income groups.

The economy is recovering from damages inflicted by the pandemic but the revival remains fragile owing to rising inflation, exchange rate volatility and squeeze in the government’s fiscal space, said the Centre for Policy Dialogue (CPD) yesterday.

Bangladesh should follow its own model to ensure the economic development, eminent economist Wahiduddin Mahmud said today.

Prime Minister Sheikh Hasina today called upon both the public and private sectors of the Maldives to be partners in Bangladesh’s development journey for mutual benefits.

The Dhaka stocks returned to the red today after rising for two consecutive days as investors relocated their funds to low capital based stocks by selling shares of companies with big paid-up capital.

The prime index of the Dhaka Stock Exchange (DSE) dropped today in the first two hours after rising for two consecutive days.

The Centre for Policy Dialogue today said the government should reduce diesel prices in order to cut crop cultivation and transportation costs to curb spike in production cost.

United Commercial Bank Ltd (UCB) recently promoted Arif Quadri to the position of managing director .

ONE Bank Ltd recently promoted Md Monzur Mofiz to the position of managing director (current charge).

Bangladesh Krishi Bank recently witnessed the appointment of a new managing director .

The World Bank yesterday announced that it would provide Bangladesh a concessional loan of $500 million to improve electricity services for about 40 million people in Dhaka and Mymensingh divisions.