Payra power plant halts production for tests of new facility

Production cost at new facility to be lower than that of Adani, other plants
18 December 2024, 15:30 PM

Iran currency slips to new lows amid US, Europe tensions

The Iranian currency extended its fall on Saturday, hitting a new all-time low against the US dollar amid uncertainties about Donald Trump's imminent arrival in the White House and tensions with the West over Tehran's nuclear programme..The rial plunged to 756,000 to the dollar on the unof
18 December 2024, 15:22 PM

IMF cuts Bangladesh’s growth forecast again, keeps inflation projection elevated

Bangladesh may grow 3.8% in FY25, not 4.5% in FY25, the lender says
18 December 2024, 15:01 PM

Gold price hiked again, Tk 140,586 a bhori from tomorrow

The previous price of 22-carat gold was Tk 138,498 a bhori
18 December 2024, 14:20 PM

IMF to give $645 million as fourth tranche of loan to Bangladesh

IMF agreed to Bangladesh’s request to extend the loan amount, now it stands at $5.3 billion
18 December 2024, 13:00 PM

BIGF gets new chairperson

The Bangladesh Internet Governance Forum (BIGF) is the Bangladesh chapter of the Internet Governance Forum
18 December 2024, 11:06 AM

Govt grants Tk 3,000cr for ICB to stabilise stock market

The Investment Corporation of Bangladesh (ICB) has secured a Tk 3,000 crore loan with a state guarantee to bolster the country’s capital market, according to a disclosure on the Dhaka Stock Exchange website.
17 December 2024, 18:00 PM

Eurozone business activity contracts again

Business activity in the eurozone declined further in December, though less sharply than the previous month thanks to an upturn in the services sector, a closely-watched survey showed Monday.
17 December 2024, 18:00 PM

Oil will aid rather than hinder Trump-MBS bromance

Donald Trump and Mohammed bin Salman each have contradictory objectives in 2025. The US president-elect wants to apply “maximum pressure” on Iran, but won’t want the spike in oil prices that may accompany it. The Saudi crown prince is sick of forgoing oil revenue by pumping 3 million barrels below his 12 million barrel daily capacity – but will be wary of a price crash if he opens the taps. Even so, there’s a way for their bromance to bloom.
17 December 2024, 18:00 PM

Fresh Aman fetching higher prices

Farmers are getting higher prices for Aman season paddy this year than the previous year, amidst apprehensions of a fall in yields for heavy rainfall and recurrent floods in the eastern regions.
17 December 2024, 18:00 PM

Inactive SIM recycling period reduced to 12 months

Bangladesh Telecommunication Regulatory Commission (BTRC) has shortened the recycling period for inactive SIM cards from 18 months to 12 months in a bid to address a shortage of mobile numbers available in the country.
17 December 2024, 18:00 PM

Taskforce readies strategies to fix economic fault lines

The planning ministry’s taskforce for sustainable development has drafted a report with proposals to fix the economic fault lines identified by the white paper on the economic state of the country and achieve moderate economic growth.
17 December 2024, 18:00 PM

Debapriya reappointed to Committee for Development Policy

Debapriya Bhattacharya, a distinguished fellow of the Centre for Policy Dialogue (CPD) and convenor of the Citizen’s Platform for SDGs Bangladesh, has been reappointed to the Committee for Development Policy (CDP) for a three-year term with effect from January 1 next year. 
17 December 2024, 18:00 PM

Six private banks see bad loans nearly triple in a year

Defaulted loans at six private commercial banks nearly tripled in one year till September 2024, according to central bank data, which bankers term “alarming”.
17 December 2024, 18:00 PM

Bangladeshi card spending falls in India, rises in Thailand, Singapore

Credit card spending by Bangladeshi citizens in India has plummeted in recent months while it is rising in Thailand and Singapore, according to central bank data.
17 December 2024, 18:00 PM

India’s gold imports to plunge in December after record November

India’s gold imports are poised for a sharp slowdown in December following record purchases in November, in the absence of any major festival and as rebounding prices prompt buyers to delay purchases, trade and government officials said.
17 December 2024, 18:00 PM

Ring Shine terminates share sale to Wise Star

Ring Shine Textiles has decided to terminate its share purchase agreement with Wise Star Textile Mills as it doubts that the latter would be able to carry out the deal.
17 December 2024, 18:00 PM

Hasina administration did not heed warnings on economy: Farashuddin

The previous government, led by Sheikh Hasina, ignored repeated warnings from experts on various economic issues in Bangladesh, according to Mohammed Farashuddin, a former governor of the country’s central bank..“The Hasina administration did not heed warnings from economists on the lack o
17 December 2024, 16:22 PM

Debapriya Bhattacharya reappointed to the Committee for Development Policy (CDP)

Bhattacharya's new three-year term begins on Jan 1 next year
17 December 2024, 13:26 PM

National University to work with country's tourism sector: NU VC

National University Vice-chancellor Professor ASM Amanullah today stressed the need for speeding up development in the country's tourism sector
17 December 2024, 12:59 PM