The research think-tank studied 361 projects, which were implemented by the Roads & Highway Department from 2012-13 to 2021-22 and audited by the Implementation Monitoring Evaluation Division (IMED).

Tipu Munshi sits with Uzbek Deputy Foreign Minister Bakhrom Aloev

Other PSP licensees in the country are iPay Systems, D Money Bangladesh, Recursion FinTech, Green & Red Technologies, and Progoti Systems.

For some countries, climate risks present an immediate clear and present danger. Bangladesh, for example, ranks seventh in the world as an extremely disaster risk-prone country, according to the 2021 Global Climate Risk Index.

Eastland Insurance Company Ltd made a Tk 3.1 crore profit in the first quarter of the current financial year, up about 5.5 per cent compared to a year earlier.

The cabinet committee on government purchase yesterday approved a proposal to import 12,500 tonnes of refined sugar. 

Imports of manmade fibre (MMF), such as polyester staple fibre (PSF) and viscose staple fibre (VSF), are surging in Bangladesh due to higher demand from local garment makers and exporters.

The National Board of Revenue (NBR) is planning to increase the amount of tax payable for gold brought in under baggage rules in order to encourage legal import of gold and use of legal channels for remittance transfers. 

Players in the ICT industry of Bangladesh have urged the government to adopt long-term policies, which include extending income tax exemption for the sector by six years and incentivising exports of IT-enabled services (ITES).

The government has kept borrowing a hefty amount of funds from the Bangladesh Bank as commercial banks are unable to meet the financing requirement of the state because of the liquidity crunch. 

The government is far away from achieving the major targets set for the current fiscal year when the national budget was unveiled in June last year, owing to its failures to assess the global scenario before fixing the goals, experts said.    

Bangladesh Bank yesterday issued a licence for Nagad Finance PLC to provide services as a non-bank financial institution (NBFI) in the country’s financial sector. 

The Netherlands government has offered a new incubation programme for young entrepreneurs in Bangladesh to support them with business solutions along with skills, funding and resources.

The prime index of the Dhaka Stock Exchange (DSE) rose slightly yesterday.

The National Tea Company had a surprise for many stock traders yesterday as the company’s share price plunged by a whopping 59.89 per cent.

Bangladesh House Building Finance Corporation will get a €270.57 million loan, equivalent to about Tk 3,000 crore, from Islamic Development Bank for its Rural and Peri-urban Housing Finance Project. 

Importers opened a lower volume of letters of credits (LCs) in July-April for the purchase of essential commodities such as rice, wheat, sugar, crude edible oil as well as raw materials and machinery key to the industrial sector, figures from the central bank showed.

The industries ministry will buy 70,000 tonnes, agri ministry 1.6 lakh tonnes

Nagad will now move to be an MFS under Nagad Finance

It came down to Tk 251 from Tk 626