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Business

Biman struggles with loss-making routes

Business —27 February, 2025 09:40

Biman Bangladesh Airlines, the country's flag carrier, has been facing prolonged financial losses on multiple routes, primarily due to inadequate feasibility…

Expatriates remit $1.93b in 22 days of Feb

Bangladeshi expatriates sent $1.93 billion in remittances in…

Grameenphone violates labour rights, workers allege

A group of terminated workers on Tuesday accused Grameenphone…

BB aims to bring inflation down to 7-8% by June

Bangladesh Bank (BB) has announced a new monetary policy for the remainder of the current fiscal year 2024-25, targeting an inflation rate of 7-8% and setting GDP growth at 4-5%. Governor…

Laid-off employees block Grameenphone head office over unmet demands

Hundreds of laid-off employees of Grameenphone, a unit of Telenor in Bangladesh, has staged a demonstration on Tuesday, blocking all five gates of GP House in Bashundhara Residential…

Inflation slightly down in January

The general point-to-point inflation rate in Bangladesh slid down to single digit again, thanks to the winter season food supply. It slightly eased in January to 9.94 percent, down…

CPD's report on state of economy identifies various challenges facing interim govt

The Centre for Policy Dialogue (CPD) on Wednesday said the interim government requires a comprehensive approach that balances short-term relief with handling long-term issues, while implementing…

Depositors will get back money from weak banks: BB governor

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur today assured depositors that they would get their money back from weak banks. "I assure that you will get your money or bonds back…

Business leaders call for extension of loan repayment period

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged Bangladesh Bank to extend the loan repayment period for defaulters from three months to nine months. The…

Saudi firm interested to transform Matarbari into regional mega port

Red Sea Gateway Terminal, a Saudi-owned company, on Friday expressed its interest to help transform the deep-sea port of Matarbari in Bangladesh into one of the largest ports…

VAT on hotels, restaurants to be revised to previous level: NBR

The National Board of Revenue (NBR) has decided to revise the VAT on hotels and restaurants to the previous level. NBR Member (VAT Policy) Mohammad Belal Hossain Chowdhury disclosed…

NESCO officials' fraudulence in ADB project

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

Money laundering stopped due to transparency in banking sector: BB Governor

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur on Saturday said that money laundering from the country has been halted due to the implementation of good governance in the banking…

BEZA eyes $5.5b investment by 2026

The Bangladesh Economic Zones Authority (BEZA) expected that five economic zones would draw US$5.5 billion worth investment by 2026. The economic zones are National Special…

Grameenphone’s terminated workers continue demo in second phase

A group of workers from mobile network operator Grameenphone (GP), a unit of Telenor in Bangladesh, has continued demonstration in the second phase demanding the reinstatement of employees…

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

The Managing Directors (MDs) of six crisis-hit banks have been placed on compulsory leave to facilitate an international audit, as instructed by Bangladesh Bank (BB), officials said.…

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. …