The Association of Bankers, Bangladesh proposed a series of reforms to curb bad loans

National carrier will operate twice-weekly nonstop flights

The planning adviser spoke at an ERF seminar

The adviser said that industry owners take loans from banks but often fail to repay them, while farmers struggle to access credit

This time, the jewellers announced new rate today morning with immediate effect

Spinning mills will remain closed from February 1 if the government does not withdraw the duty-free import of yarn, a move aimed at protecting the local spinning sector.

Six non-bank financial institutions (NBFIs) out of 35 are set to be liquidated finally due to poor financial health, after the Bangladesh Bank (BB) board approved the move yesterday.

Sales growth of prescribed medicines has slowed to single digits, ending the double-digit expansion the pharmaceutical market enjoyed for years before the pandemic, as rising production costs and currency depreciation collide with prolonged inflation.

The interim government’s proposed new pay scale for public servants could intensify inflationary pressures and strain the banking system, Bangladesh Bank (BB) Governor Ahsan H Mansur said yesterday.

Bangladesh is not fully prepared to face the economic and institutional challenges that will follow its graduation from the least developed country (LDC) category later this year, business leaders and bankers said yesterday, warning that it could expose the economy to serious risks.

Hybrid-electric vehicles dethroned purely petrol-powered cars as the top power option among consumers in Europe last year, data showed Tuesday.

Chinese company Huazhu Accessories Co Ltd signed an agreement with the Bangladesh Export Processing Zones Authority (Bepza) to set up an accessories manufacturing factory at the Bepza Economic Zone in Mirsharai, Chattogram.

Bangladesh’s jute millers have warned of a countrywide shutdown from February 1 if the government fails to resolve an acute shortage of raw jute, which they say has already disrupted production and forced several mills to close.

As Bangladesh looks toward its next government, fiscal policy will be central to the economic debate. Rising development needs, climate vulnerability, and higher debt-servicing costs make stronger domestic revenue mobilisation unavoidable. Yet the real question is not whether Bangladesh needs more revenue, but how it can raise it without undermining private investment, growth, and jobs.

The United States may announce a reduction in the reciprocal tariffs imposed on Bangladesh by the end of this week or early next week, Lutfey Siddiqi, special envoy on international affairs to the chief adviser, said yesterday.

Banking is no longer limited to brick-and-mortar branches. People are banking remotely using the internet more and more. Of late, mobile applications have come up as a new and inviting option, and a growing number of customers are using apps for banking in Bangladesh.

The task force submitted its report to the chief adviser today

The government is planning a general salary increase, which will double the wage bill

The ICT Division, Bangladesh Hi-Tech Park Authority and Bangladesh Computer Samity are jointly organising the four-day show

The special envoy to the chief adviser briefed the media about Bangladesh’s engagement at the WEF