Additionally, under the OMS (general) programme, rice will be sold at 906 centres

The government’s net bank borrowing has risen sharply due to lacklustre tax collection, slow private sector credit growth and the overall economic slowdown since the political changeover in August last year.

Returning to Bangladesh after more than a decade is both a homecoming and a rediscovery for me. I see a country alive with the energy of resilient youth and shaped by a relentless spirit for progress.

Chinese investment in all eight export processing zones (EPZs) of the Bangladesh Export Processing Zones Authority (Bepza) and its economic zone in Chattogram is only exceeded by domestic investment, show documents of the government agency.

The interim government may lift the ban on exports of fragrant rice to increase revenue and address the long-standing demand of the country’s business community to boost trade and enhance export earnings.

The Ibn Sina Pharmaceutical Industry’s profit grew marginally in the second quarter of fiscal year 2024-25.

Bangladesh must harness the potential of quantum technology and artificial intelligence (AI) to ensure cost-effectiveness and remain competitive in an increasingly interconnected world, said Sam Samdani, interim chief executive officer of QuantumCT and external adviser to American consulting firm McKinsey & Company.

Bangladesh badly needs economic reforms at this moment, said Finance Adviser Salehuddin Ahmed yesterday.

Farm and rural loan disbursements by banks fell by more than one-fifth in the first four months of fiscal year (FY) 2024-25, owing to a dip in the flow of credit mainly from foreign and private banks.

Businesses are passing through a “hard and rocky” situation amid high inflationary pressure due to a rise in the cost of finance, labour and energy, according to senior officials of various firms, especially foreign corporations.

The Bangladesh Bank has hired global accountancy firms EY, Deloitte, and KPMG to conduct an “asset quality review” of banks alleged to have lost Tk 2 trillion ($16.4 billion) to influential businesspeople linked to the former Awami League government, according to the Financial Times (FT).

Samadhan Services Limited, a concern of Grameen Telecom, has at last gained ground in its effort to become a payment service provider (PSP) in Bangladesh.

A big chunk of foreign funds was provided as budgetary support from the World Bank and the Asian Development Bank (ADB) in December released $1.1 billion, leading to a rise in foreign aid disbursement and providing some relief to the government.

Subsidies for the power sector are likely to balloon 83 percent this fiscal year as the interim government is planning to clear all arrears owed to private power producers.

Since the Federal Funds Rate is currently around 4.50 percent, the forward selling rate of the USD is likely to be around Tk 124 to Tk 124.50 per USD, according to industry insiders.

Hundreds of small stock market investors are suffering for being unable to get back their money, which was embezzled by a brokerage house months back.

The production of aromatic rice has nearly doubled in Bangladesh over the past seven years, with farmers showing interest in growing the grain in order to profit from its higher prices compared to traditional parboiled rice.

The inflow of foreign direct investment (FDI) into Bangladesh is facing critical challenges as a plethora of factors have caused it to stagnate to a mere 0.5 percent of the country’s gross domestic product in recent years.

Bangladesh is trying to cope with a challenging economic situation.

Anyone of over 30 years of age might recall radio advertisements aired during their childhood and adolescence on contraceptives—Raja and Maya.