Business
US charges billionaire Gautam Adani for bribery
Business —21 November, 2024 10:23
An Indian businessman who is one of the world’s richest people has been indicted in the US on charges he duped investors by concealing that his company's…
Ctg port sees 9% growth in container handling in last 3 months
A higher volume of containers and cargos were handled at the…
Moody's Outlook downgrades Bangladesh's credit rating to B2
The global credit rating agency Moody's Ratings has downgraded…
Bangladesh receives over $1b remittance in 16 days in Nov
Bangladesh has received US $1.123 billion in remittance in 16 days of November. According to the Bangladesh Bank (BB) data, in the first 16 days of November, expatriate income came…
Classified loans in Bangladesh hit Tk 2.85tn
The total classified loans in Bangladesh have surged to a staggering Tk 2.85 trillion, representing nearly 17% of the total disbursed loans, according to an updated report released…
BB provides liquidity guarantee of Tk 6,585cr to 7 banks
Bangladesh Bank (BB) has extended Tk 6,585 crore in liquidity support to address short-term funding needs under its credit guarantee scheme. Husneara Shikha, Executive Director and…
Petrobangla in dilemma over fresh bidding on LNG terminal
Petrobangla – the Bangladesh Oil, Gas & Mineral Corporation – faces uncertainty about how to proceed with a new bidding process for establishing two private sector…
Bangladesh receives $7b remittance in 3 months
Bangladesh has received remittance of over US$ 7 billion from expatriate citizens in the last three months, official data showed. “Bangladeshi expatriates sent US$ 7.02 billion…
Shortfall in NBR’s revenue collection continues in first 4 months of FY25
The National Board of Revenue (NBR) has continued to fall behind in collecting revenue, according to figures for the first four months of the current FY24-25 made available on Wednesday.…
Reserves drop to $18.19b
Bangladesh’s foreign exchange reserves fell below the $20 billion mark after the country paid $1.5 billion in liabilities to the Asian Clearing Union (ACU) on November 10. The…
Bangladesh, Singapore commend launch of FTA negotiation
Bangladesh and Singapore have expressed satisfaction with the launching of Free Trade Agreement (FTA) negotiation and hoped that FTA would facilitate more economic engagements between…
Policy rate raised to 10% in bid to curb inflation
Bangladesh Bank (BB) has increased policy interest rate once again as move to curb inflation by withdrawing excess liquidity from the market. The decision, announced by the central…
Receiver appointed at Beximco Group for 'survilance'
Bangladesh Bank Executive Director Ruhul Amin has been appointed as 'receiver' at the leading manufacturer Beximco Group. The central bank took the decision at its board meeting, chaired…
October exports surge by 20.6%
Country’s export earnings in October witnessed a healthy growth of 20.60 percent fetching US$4.13 billion, up by $0.71 billion from $3.42 billion of the same month of the last…
LNG projects to cost Bangladesh $50b: Report
The development of new liquefied natural gas (LNG) power projects and import terminals could cost the Bangladesh economy an estimated US$50 billion, reveals a recent report. The report…
BB to lift LC margin on essentials import ahead of Ramadan
Bangladesh Bank (BB) Governor Dr Ahsan H Mansur on Thursday said that they have taken a decision to issue a circular asking all banks not to impose LC margin on import of essential…
Inflation up in Oct
The general point-to-point inflation rate in Bangladesh rose in October, reaching 10.87 percent, up from 9.92 percent in September, 2024. According to the latest data from the Bangladesh Bureau of Statistics (BBS), the increase was driven by a rise in food inflation, which jumped to 12.66 percent from 10.40 percent. Meanwhile, non-food inflation showed a slight decline, easing to 9.34 percent in October from 9.50 percent in September.
Govt plans big to boost national revenue in the next two fiscals
In its bid to boost the national revenue the interim government has set a target to collect Tk 6,15,500 crore and Tk 6,95,100 crore respectively for the next two fiscals. In the next…