Business
Foreign debt servicing crossed $3bn in FY 2023-24
Business —28 July, 2024 21:10
Bangladesh's foreign debt repayment has crossed US$3.0 billion for the first time in a single fiscal year in FY2023-24, of which around $1.0 billion is…
India cuts development funds for Bangladesh
India has reduced development funds for Bangladesh to 1.2 billion…
BB asks banks not to charge late fees for delayed payment
Bangladesh Bank (BB) has asked all scheduled banks not to charge…
Bangladesh restoring internet gradually with ‘censorship’
Bangladesh authority on Tuesday night started restoring the broadband internet, censoring Facebook and WhatsApp to curb ‘anti-state propaganda’ on social media. Initially,…
BB announces tight monetary policy aiming to cut inflation to 6.5%
Bangladesh Bank will continue its tight monetary policy for the first half of FY 2024-25, keeping all policy interest rates and exchange rate rates unchanged. The new monetary policy…
Economists and business leaders warn of economic toll from blockades, hartals
Economists and business leaders are calling for a sustainable and peaceful environment in Bangladesh to help navigate the ongoing economic crisis. Experts have highlighted that the…
Bangladesh suspends mobile internet amid student protests
Bangladesh authorities have shut down the internet connectivity on mobile networks across the country without prior announcement to control the on-going protest against the privilege…
UK banking giant HSBC names new chief executive
UK-based banking giant HSBC has announced that 50-year-old Georges Elhedery will be its next chief executive. It comes after current CEO Noel Quinn unexpectedly announced in April…
CPD study on debt portfolio flags fast rising external debt as 'reason for concern'
The Centre for Policy Dialogue (CPD) in a study on 'Bangladesh's External Public Borrowings and Debt Servicing Capacity' has expressed concern about the sharp rise in the share of…
Finance Ministry rejects apprehension of decline in export income
The government on Tuesday ruled out the apprehension of decline in export income, GDP growth and per capita income due to export data reconciliation. In response to recent media reports…
Internet speed reduced to suppress student protests
Mobile phone users across Dhaka are experiencing disruptions in internet service as the massive quota protests has unfolded. While mobile phone operators have claimed they were not…
Startup Bangladesh cancels Tk 5cr proposed investment in 10 Minute School
Startup Bangladesh Limited, the flagship venture capital fund of the ICT Division, today announced that it has canceled a Tk 5 crore investment proposal for 10 Minute School, Bangladesh's…
Quota protest: RU students block Rajshahi-Dhaka highway
Students of Barendra University in Rajshahi have put up blockade on the Rajshahi-Dhaka highway on Tuesday, demanding reform in quota system. They took position on the highway…
Bangladeshi overseas credit card spending drops by over 10% in May
Bangladeshis spent Tk 456.5 crore abroad in May using credit cards, a decrease from Tk 507 crore in April, according to a report by Bangladesh Bank released today. Meanwhile, foreign…
China's economy grew less than expectation
China's economy grew 4.7 percent year-on-year in the second quarter of 2024, official data showed Monday, less than analysts had expected. "By quarter, the GDP for the first quarter…
BASIS America Desk launched to promote tech business
The Bangladesh Association of Software and Information Services (BASIS) has launched a BASIS America Desk to facilitate Bangladeshi technology entrepreneurs with counterparts from…
Next BIMSTEC Summit on September 4
Foreign Minister Dr Hasan Mahmud today said that the next Summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) will be held on September…