The World Bank (WB) is considering a $2 billion budget support for Bangladesh during the current fiscal year, according to the multilateral lender’s South Asia Region Vice President Martin Raiser

The overseas assets of S Alam Group, including those in Singapore, came under scrutiny following recent media reports.

The World Bank will provide support in reforming banking and other sectors in Bangladesh, Finance and Commerce Adviser  Salehuddin Ahmed said on Thursday

The Bangladesh Financial Intelligence Unit (BFIU) has instructed banks to freeze accounts owned by Orion Group Chairman Obaidul Karim and its Managing Director Salman Obaidul Karim.

Onion imports through Hili land port in Dinajpur resumed on Tuesday after being halted for four days due to a software glitch in Indian customs..The Indian customs had implemented an updated tariff regime at 4:45pm that day, reducing the export duty on onions from 40 percent to 20 percent.

The American Apparel & Footwear Association (AAFA) and Fair Labor Association (FLA) have urged the interim government of Bangladesh to take critical and long-lasting steps towards reforms for furthering worker rights of international standards. .The AAFA is an American trade association re

Bangladesh Bank yesterday withdrew its previous instructions for holding meetings of banks virtually as a part of austerity measures taken during the Covid-19 pandemic in 2020.

The Bangladesh Securities and Exchange Commission (BSEC) has sought a travel ban on directors, the managing director and CEO of Sinha Securities for a deficit in the brokerage house’s consolidated customers’ account (CCA).

India’s exports to Bangladesh dropped by 28 percent year-on-year to $681 million in August, according to a report by The Indian Express.

India’s edible oil consumption is set to grow at a pace of 2 percent-3 percent as cooking oils remain affordable despite an import duty hike, a leading importer told Reuters on Wednesday.

In recent years, Bangladesh’s position in the global corruption index has been a major concern. Under the previous regime, the situation deteriorated, especially as people in power and their families became more deeply involved in corruption. While corruption exists in most countries, the question is its magnitude. If it goes beyond a tolerable level, it can severely affect the economy and its growth. There is a general perception that a 10 percent reduction in corruption can positively impact GDP growth by 1 percent, although this relationship varies by country and requires further research.

Sri Lanka’s economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday’s presidential election are banking on at least one of them to buck the trend.

The leaders of the Bangladesh Association of Banks (BAB) have urged the central bank to take steps to stop defaulters from filing writ petitions with courts against the classification of loans and the collection of non-performing loans (NPLs).

A total of 30 garment factories in different industrial zones across Bangladesh, especially Ashulia, stayed closed yesterday as safety concerns remained following the recent unrest.

Bangladesh’s external debt increased to $103 billion at the end of June this year after falling slightly in March.

Global hikes in tyre and tube-making raw materials rates and a factory rampage at local key manufacturer Gazi Tyres have caused a shortage and price hikes for the auto item used in lightweight two- and three-wheelers like motorbikes and auto-rickshaws.

Duty exemptions provided by the National Board of Revenue (NBR) have been increasing over the years despite Bangladesh’s low tax-to-GDP ratio and the International Monetary Fund’s (IMF) recommendation to rationalise such expenses.

The Bangladesh Securities and Exchange Commission (BSEC) has appointed seven independent directors to Chittagong Stock Exchange (CSE).

Bangladesh’s stock market rose yesterday on falling for two days as investors made fresh bets on lucrative blue-chip and large-cap shares to pocket short-term gains amidst price movements..A blue chip is a nationally or internationally recognised, well-established, and financially sound co

The Bangladesh Securities and Exchange Commission (BSEC) today fined eight investors and one brokerage firm a total of Tk 1.20 crore for manipulating prices of two stocks.