Business
Ethiopians struggle with bitter pill of currency reform
Business —21 September, 2024 16:53
In a small fashion store in Ethiopia's capital, Medanit Woldegebriel's dresses have almost doubled in price in the past two months, sending customers fleeing.…
WB will support Bangladesh in reforming banking sector: Salehuddin
Adviser to the interim government on the Ministries of Finance…
Dollar rate falls in Bangladesh’s kerb market as demand drops
The value of the US dollar has decreased in Bangladesh’s…
ECNEC approves 4 projects worth Tk 1,222.14cr
The Executive Committee of the National Economic Council (ECNEC) today approved a total of four development projects involving an overall estimated cost of Taka 1,222.14 crore. The…
Forex reserves cross $24b: BB
Bangladesh's foreign exchange reserves have crossed $24 billion. "According to the latest data, foreign exchange reserves amount to $24.3 billion. It is close to $20 billion according…
Bangladesh expects budget support from WB within this year
Bangladesh is anticipating budget support from the World Bank before the year ends, according to Finance and Commerce Adviser Dr. Salehuddin Ahmed. The adviser made this announcement…
Task force demanded to reform capital market
The Dhaka Stock Exchange (DSE) Brokers Association (DBA) has demanded a task force to reform and develop good governance in the capital market like banks. The DBA wrote to the Finance…
BB receives $2.5b loan proposal from WB, ADB
Bangladesh Bank (BB) has received a total of US$ 2.5billion loan proposal from the World Bank (WB) and the Asian Development Bank (ADB) in several packages, including structural reform,…
ADB to provide $400m as budget support within Dec: Salehuddin
Adviser to the interim government on the Ministries of Finance and Commerce Dr Salehuddin Ahmed today informed that the Asian Development Bank (ADB) would provide $400 million to Bangladesh…
US pvt sector key to unlocking Bangladesh’s growth: US embassy
The US private sector can help unlock Bangladesh’s growth potential through trade and investment, provided the right economic reforms are in place, the US Embassy in Dhaka said…
TCB to begin nationwide sale of essentials on Sunday
In compliance with directives from the Ministry of Commerce, the Trading Corporation of Bangladesh (TCB) will commence the sale of essential commodities across the country from Sunday.…
Salehuddin vows to continue reforms in financial sector
Citing reforms in the revenue and banking sectors as two most important challenges before the country's economy,Adviser to the interim government on the Ministries of Finance and Commerce…
FSIB hopes to turn around by December
Bangladesh’s banking sector fell into an abyss from which there seemed to be no way out at some point of the last decade. Ask insiders, particularly bankers, and they will tell…
Barapukuria resumes partial electricity production
After being completely shut down for three days, the Barapukuria thermal power plant in Dinajpur has resumed partial electricity production. Chief Engineer of the thermal power plant,…
Ashik Chowdhury appointed BIDA executive chairman
Ashik Chowdhury has been appointed as the new Executive Chairman of the Bangladesh Investment Development Authority (BIDA) for a two-year term, with the status of a senior secretary. The Public Administration Ministry issued a gazette notification to this effect on Thursday. Further terms of his appointment will be specified in the approved contract. The appointment was made in the public interest, according to the notice.
Hafizur Rahman appointed as administrator of FBCCI
The government has appointed Md Hafizur Rahman, a member of Bangladesh Competition Commission and also a former additional secretary, as the administrator of the Federation of Bangladesh…
Five Petrobangla staff temporarily suspended
Four officers and one employee of Petrobangla have been temporarily suspended for their alleged involvement in the incident of attack at the Petrobangla headquarters in the city on…