Pay hikes for govt staff may fuel inflation: governor
8 hour(s) ago
Economy
Six NBFIs finally set for liquidation, three get time to recover
8 hour(s) ago
Economy
Drug sales growth slip to single digits amid high costs, inflation
8 hour(s) ago
Economy
LDC graduation will expose economy to serious risks
8 hour(s) ago
Economy
US may cut tariffs on Bangladesh next week
8 hour(s) ago
Economy
App-based banking gains traction as customers go digital
8 hour(s) ago
Economy
Spinners stick to Feb 1 shutdown over yarn imports
8 hour(s) ago
Economy
How to raise revenue without hurting growth
8 hour(s) ago
Economy
Hybrid cars top choice in Europe
8 hour(s) ago
Economy
Chinese firm to invest $16.34m at Bepza EZ
8 hour(s) ago
Economy
Govt's debt servicing for foreign loans surges 49%
In the July-March period of fiscal year 2023-24, the government paid $1.05 billion in interest, which is 117 percent higher than the $485 million it paid during the same period a year ago.
23 April 2024, 00:55 AM
3rd Loan Tranche: IMF team to focus on four key areas
During its visit to Dhaka, the International Monetary Fund’s review mission will focus on Bangladesh’s foreign exchange reserves, inflation rate, banking sector, and revenue reforms.
22 April 2024, 18:00 PM
Sonali Bank, BDBL get nod from boards for merger
The board of directors of BDBL approved the merger plan in an emergency meeting on April 8, said Md Habibur Rahman Gazi, managing director and CEO of the bank.
22 April 2024, 00:47 AM
Unearth real data of bad loans
At the end of December 2023, Bangladesh's banking sector had NPLs worth Tk 145,600 crore, around 9 percent of total outstanding loans, central bank data showed.
22 April 2024, 00:47 AM
Govt may lower corporate tax to encourage compliance
The National Board of Revenue will likely propose reducing the tax on corporate profits by 2.5 percentage points for both listed and non-listed companies.
22 April 2024, 00:47 AM
Sugar market: from state to private control
Five companies are enjoying an oligopoly in the sugar market, which was worth more than Tk 9,000 crore in fiscal year 2022-23, as they have expanded their refining capacities to meet increasing demand.
22 April 2024, 00:47 AM
US sets 11 conditions for more investment in Bangladesh
Bangladesh and the US had signed the Ticfa on November 25, 2013 to establish an annual forum to identify and address obstacles to increasing bilateral trade and investment.
22 April 2024, 00:03 AM
Higher debt to put strain on Bangladesh as revenue remains low
In the last decade, the debt-to-GDP ratio rose by 13 percentage points. The IMF forecasts that the ratio will reach 43.5 percent in 2028-29.
21 April 2024, 00:56 AM
Airlines against move to adjust jet fuel price under new BPC formula
As per the new formula, the price of jet fuel will be calculated each month by adding the average rate quoted by the Platts Asia Pacific/Arab Gulf (APAG) Marketscan for the preceding month with other expenses.
21 April 2024, 00:53 AM
Edible oil market now controlled by big four
Data from the National Board of Revenue (NBR) shows that nearly 25.7 lakh tonnes of soybean and palm oil were imported in 2023, with the four companies accounting for 80 percent of the total amount.
21 April 2024, 00:52 AM
Migrant workers stare into uncertainty as global crises deepen
Moreover, further setbacks are posed by Malaysia's decision to freeze new foreign worker recruitment in March as well as Oman suspending the issuance of visas to Bangladeshi citizens at the end of 2023 due to an oversupply of workers from the South Asian nation.
21 April 2024, 00:52 AM
MGI expands ceramic tiles production with $45m investment
Of the investment, $19 million came from its own pockets whereas $26 million in the form of a syndicated loan, which was released recently, he said.
19 April 2024, 00:54 AM
IMF’s 3rd loan tranche on track despite repeated failure to hit reserve goal
The minimum net international reserves (NIR) will also remain below the threshold when an IMF mission visits Dhaka next week to review the progress of the programme before releasing around $681 million in the third tranche in May.
19 April 2024, 00:54 AM
Stocks slip below 5,700 points after 35 months
The market dropped as investors panicked seeing the continuous fall of market indices, said a top official of a leading stock brokerage.
19 April 2024, 00:54 AM
Levi's now in Dhaka
The 2,270 square feet store on Banani Road 11 opened on April 1, aiming to draw the rising middle-income population with an assortment of imported denim jeans, t-shirts, polo shirts, and formal and casual woven shirts for men and women.
19 April 2024, 00:54 AM
Economy progresses, challenges emerge as well
Speaking about the future of the economy, he said there is a possibility of Bangladesh transforming into a dynamic developed country on the back of its population’s entrepreneurial spirit.
19 April 2024, 00:17 AM
Anontex Loans: Janata in deep trouble as BB digs up scams
Bangladesh Bank has ordered Janata Bank to cancel the Tk 3,359 crore interest waiver facility the lender had allowed to AnonTex Group, after an audit found forgeries and scams involving the loans.
18 April 2024, 18:00 PM
Wood plastic composites gaining popularity
Wood plastic composites in the form of kitchen cabinets, bathroom and balcony doors are slowly gaining popularity in Bangladesh for being an alternative to wood, according to industry insiders and realtors.
18 April 2024, 03:05 AM
Padma Islami served show cause notice over Tk 211cr unsettled claims
The Insurance Development and Regulatory Authority (IDRA) has given Padma Islami Life Insurance five working days to explain why they should not be penalised for failing to settle claims amounting to Tk 211.82 crore last year.
18 April 2024, 01:00 AM
Drones to help assess crop losses
Around 20 officers of the Department of Agricultural Extension (DAE) are initially receiving training to learn how to use the state-of-the-art technologies, it added.
18 April 2024, 00:29 AM