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.…

Ethiopians struggle with bitter pill of currency reform

WB will support Bangladesh in reforming banking sector: Salehuddin

Adviser to the interim government on the Ministries of Finance…

WB will support Bangladesh in reforming banking sector: Salehuddin
Dollar rate falls in Bangladesh’s kerb market as demand drops

The value of the US dollar has decreased in Bangladesh’s…

Dollar rate falls in Bangladesh’s kerb market as demand drops

ECNEC approves 4 projects worth Tk 1,222.14cr

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

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 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

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

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

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

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

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

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

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

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 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

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

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…