The Asian Development Bank (ADB) has appointed Hoe Yun Jeong as its new country director for Bangladesh

The previous government’s economic data were based on weak foundations, reflecting a sense of helplessness by officials of that time, according to Debapriya Bhattacharya, a distinguished fellow at the Centre for Policy Dialogue. 

The WB has agreed to provide budget support to Bangladesh to address its economic challenges, largely stemming from declining foreign exchange reserves, Finance and Commerce Adviser Salehuddin Ahmed said today.

The Federal Reserve is gearing up to announce its first interest rate cut for more than four years on Wednesday, with policymakers expected to debate how big a move to make less than two months before the US presidential election.

The banking sector of Bangladesh has expanded over the years in terms of the number of formal financial institutes and types of financing instruments and products available in the country.

The committee studying the financial state of British business did not pull its punches. After a lengthy investigation, the government-appointed panel of economists and experts concluded UK financial institutions were less supportive of domestic companies than their rivals in Europe and the United States. To revive the sluggish economy and moribund stock market, the group recommended sweeping reforms to funnel long-term capital to industry.

The Asian Development Bank (ADB) may provide $900 million to Bangladesh by March next year as the budget support for the country, a senior official of the finance ministry said yesterday.

It has been nearly a month that an automobile dealer has been waiting for a container loaded with reconditioned parts to reach the inland container depot (ICD) at Kamalapur, Dhaka from the Chattogram port over railway.

Nearly all of the roughly 407 garment factories situated in the Ashulia area under Savar upazila and Zirabo and Zirani areas under Gazipur were operational yesterday after security measures were beefed up centring labour unrests.

The United States Agency for International Development (USAID) will provide over $200 million in aid to support the interim government in advancing Bangladesh’s development, empowering youths, and strengthening democracy and governance in the country.

Mandatory jute packaging for nearly two dozen of food stuff now falls almost flat thanks to slack implementation of the law. 

Former land minister Saifuzzaman Chowdhury Javed compelled UCB board members to resign and former prime minister Sheikh Hasina was aware of this, according to the lender’s new Chairman Sharif Zahir.

It has been nearly a month that an automobile dealer has been waiting for a container loaded with reconditioned parts to reach the inland container depot (ICD) at Kamalapur, Dhaka from the Chattogram port over railway..The parts, imported by M/s Partsco Automobiles of Munshiganj’s Sirajdik

Stock brokerage firms have urged the government to form a taskforce for the capital market to support its growth and to carry out necessary reforms

The Bangladesh Securities and Exchange Commission (BSEC) has ordered the Dhaka Stock Exchange (DSE) to investigate the unusual price surge of Khan Brothers PP Woven Bag Industries

The United States Agency for International Development (USAID) will provide $202.25 million in aid to Bangladesh as part of the Development Objective Grant Agreement

Most factories in the Ashulia area resumed operations today, while 20 factories remain shut in the Ashulia Industrial area, police said. 

Prices of Indian onion are dropping in Bangladesh, as the neighbouring country on Friday withdrew the restriction of “minimum export price” at $550 per tonne and slashed export duty to 20 percent from 40 percent.

Ride-hailing firm Pathao yesterday announced that it had raised $12 million to ramp up its fintech offerings in a much-needed boost for Bangladesh’s start-up ecosystem, which has been grappling with shrinking funding in recent times.

American companies operating in Bangladesh yesterday expressed concern over the law and order, especially in light of the recent unrest in industrial zones, and also highlighted issues regarding profit repatriation amid the ongoing dollar crisis and challenges in the supply chain resulting from congestion at ports.