Business


NESCO officials' fraudulence in ADB project

Business —13 January, 2025 15:42

A group of officials of Northern Electricity Supply Company (NESCO) have allegedly been involved in altering technical of specification of a project of…

NESCO officials' fraudulence in ADB project

Grameenphone’s terminated workers continue demo in second phase

A group of workers from mobile network operator Grameenphone…

Grameenphone’s terminated workers continue demo in second phase
MDs of Bangladesh’s 6 crisis-hit banks sent on forced leave

The Managing Directors (MDs) of six crisis-hit banks have been…

MDs of Bangladesh’s 6 crisis-hit banks sent on forced leave

VAT hike won't impact on prices of essentials: Salehuddin

VAT hike won't impact on prices of essentials: Salehuddin

Finance Adviser Dr Salehuddin Ahmed today said increase of value-added tax (VAT) on 43 goods and services will not significantly impact overall inflation or prices of essentials.  …

Taka loses 12.72% value in 2024 as dollar strengthens

Taka loses 12.72% value in 2024 as dollar strengthens

The Bangladesh Bank (BB) increased the US dollar exchange rate by Tk12 in 2024, resulting in a 12.72% depreciation of the local currency, the taka, over the year.   A central…

December remittances hit $2.5bn

December remittances hit $2.5bn

Expatriate Bangladeshis sent home a record US$2.64 billion as remittances in December, which was around 32 per cent higher than the corresponding month of the previous year.  …

Chief Adviser opens Dhaka International Trade Fair

Chief Adviser opens Dhaka International Trade Fair

Chief Adviser Professor Dr Muhammad Yunus today inaugurated the 29th Dhaka International Trade Fair (DITF)-2025 at the Bangladesh-China Friendship Exhibition Center in Purbachal.  …

BB to fix single exchange rate for US dollar soon

BB to fix single exchange rate for US dollar soon

Bangladesh Bank (BB) is set to introduce a single exchange rate for the US dollar, aiming to enhance transparency in dollar trading across banks.   Throughout 2024, the central…

Four killed at Akij Group factory fire

Four killed at Akij Group factory fire

Four workers have been killed in an explosion at a factory of Akij Venture, an unit of Akij Group factory in Habiganj’s Bahubal Upazila during gas line repairs.Another person…

BTCL plans single-source solution tender for Rooppur network project

BTCL plans single-source solution tender for Rooppur network project

Bangladesh Telecommunication Company (BTCL) has allegedly moved to float a tender targeting US-based venture for a project named “Establishing External Telecommunication Network…

Outlook for global economy in 2025

Outlook for global economy in 2025

Sveral economists and think-tank generally foresee the global economy to remain resilient despite significant challenges in the coming 2025 while the inflation will ease further. But…

Justice for Grameenphone workers demanded

Justice for Grameenphone workers demanded

A group of deprived employees of Grameenphone, a unit of Telenor in Bangladesh, have demanded reinstating jobs of illegally terminated workers of the mobile network operator. The speakers…

Banks in Bangladesh faced catastrophic year in 2024 amid liquidity crisis

Banks in Bangladesh faced catastrophic year in 2024 amid liquidity crisis

Bangladesh’s banking sector endured a catastrophic year in 2024, grappling with an acute liquidity crisis and record-high non-performing loans (NPLs). Depositors’ trust…

Forex reserves cross $24b

Forex reserves cross $24b

Bangladesh's gross foreign exchange reserves have crossed US$24 billion.  According to the latest data, foreign exchange reserves amount to $24.8 billion US dollars. …

Bangladesh receives over $2b remittance in 21 days

Bangladesh receives over $2b remittance in 21 days

Expatriate Bangladeshis sent over US$2 billion remittances during the first 21 days of December in the 2024-25 fiscal year. Of this, remittances through state-owned and specialised…

Grameenphone’s terminated workers stage demo, demand reinstating

Grameenphone’s terminated workers stage demo, demand reinstating

A group of rights deprived workers of mobile network operator Grameenphone (GP) has demanded reinstating jobs who were forcefully terminated in guise of voluntary retirement scheme…

Current account maintaining virtual balance after 4-month of new govt: BB

Current account maintaining virtual balance after 4-month of new govt: BB

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur said the current account, a key component of the country's balance of payments, is maintaining a virtual balance after four months of…

Inflation to come down below 5% by FY26: BB Governor

Inflation to come down below 5% by FY26: BB Governor

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur has expressed his optimism that the general point to point inflation rate would come down below 5 percent by the next fiscal year (2025-26).…