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Business

Boat-shaped wooden houses made in Bagerhat to be exported to Belgium

Business —30 June, 2024 15:31

In a boost to local exports, wooden houses crafted in a remote village of Bagerhat will be shipped to Belgium, creating new avenues for foreign currency…

Boat-shaped wooden houses made in Bagerhat to be exported to Belgium

Sri Lanka inflation climbs as food prices rise

Crisis-hit Sri Lanka's annual inflation almost doubled to 1.7…

IMF lauds crawling peg system

The International Monetary Fund (IMF) has lauded Bangladesh…

Notorious S Alam Group: The most powerful oligarch

S Alam, the founder and chairman of the S Alam Group, is one of the most powerful and controversial figures in Bangladeshi business today. He has been accused of looting banks and…

China drives global economic growth

The 2024 Summer Davos Forum concluded in Dalian on Thursday. More than 1,700 guests attended the meeting, among which, over 200 innovative enterprises were represented. This year's…

Bangladesh receives $1.15bn on IMF third tranche

Bangladesh received $1.15 billion from the International Monetary Fund (IMF) on Thursday, marking the third tranche of a $4.7 billion loan package. Md. Mezbaul Haque, Executive Director…

Dollar losing global reputation: Lavrov

The dollar has lost its reputation globally, Russian Foreign Minister Sergey Lavrov said at the Primakov Readings forum. "So many words have already been said as regards de-dollarization,…

BB extends Tk 5000 crore refinance scheme to support food security

Bangladesh Bank has extended its Tk 5000 crore refinance scheme for another six months to ensure the country's food security. This extension allows farmers to access loans from this…

IMF welcomes Bangladesh's progress in creating roadmap to reduce NPLs

The International Monetary Fund (IMF) has welcomed Bangladesh for progress in creating a roadmap to reduce the non-performing loans (NPLs). "Priorities should focus on reducing NPLs,…

Magsaysay Foundation applauds Dr Yunus for economic contribution

Ramon Magsaysay Award Foundation (RMAF) has appreciated the contribution of Grameen Bank founder Dr Muhammad Yunus for supporting Bangladesh economy during the unstable situation in…

Bangladesh to sign agreements with India, Myanmar for essential goods import

State Minister for Commerce Ahsanul Islam Titu on Wednesday announced that Bangladesh is set to sign an agreement with Myanmar, in addition to India, to import essential goods. He…

Bangladesh loses Sundarbans honey’s GI status due to negligence: CPD

The Center for Policy Dialogue (CPD) said that Bangladesh has lost the Geographical Indication (GI) status of Sundarbans' honey due to the negligence of the authorities concerned.…

IMF projects 6.6% growth in FY25

The International Monetary Fund (IMF) has projected the Gross Domestic Product (GDP) growth for Bangladesh at 6.6 percent for the upcoming fiscal 2024-25 (FY25). The projection of…

Japan provides $3.21m grant for human resource development

Japan has provided 495 million Japanese Yen or US $3.21 million for the human resources development in Bangladesh. Ambassador of Japan to Bangladesh Iwama Kiminori and…

Thermax Group’s wealth soars with court-aided loan defaults

Thermax Group’s wealth increased dramatically by extracting funds from state-owned banks. Disguised as a philanthropist, Abdul Kadir Molla, the controversial businessman and…

Foreign minister hopes EPA talks with Japan to be concluded soon

Foreign Minister Dr Hasan Mahmud on Tuesday expressed hope that the Japan-Bangladesh Economic Partnership Agreement (EPA) would be concluded to get Japanese financial concession by…

Chinese company to invest $109m in BEPZA EZ

Chinese company Alpen Banyan Garments BD Co. Ltd. today signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to invest US$ 108.99 million in BEPZA Economic…