Business
Businesses worried about export incentive cut
Business —1 July, 2024 17:33
The government's decision to cut export incentives in the current fiscal year in almost all sectors has garnered mixed reaction from business leaders. The…
Parliament passes Tk 7.97 trillion budget for FY25
The Jatiya Sangsad (JS) on Sunday passed the Tk 7,97,000 crore…
Boat-shaped wooden houses made in Bagerhat to be exported to Belgium
In a boost to local exports, wooden houses crafted in a remote…
India-Bangladesh customs meeting held in Shillong
India and Bangladesh held the 7th Commissioner level Joint Group of Customs meeting in Shillong on June 27-28. The meeting was held to foster cooperation, enhance efficiency and advance…
EquityBD projects another Padma Bridge with 2% of black money
EquityBD, a think tank, on Saturday said that another Padma Bridge can be financed if black money and capital flight is reduced by 2 percent in the country. But instead of taking effective…
WB approves $650m for Bangladesh to develop Bay Terminal
The World Bank's Board of Executive Directors have approved $650 million to help Bangladesh invest in infrastructure critical for developing the Bay Terminal deep seaport. The Bay…
Sri Lanka inflation climbs as food prices rise
Crisis-hit Sri Lanka's annual inflation almost doubled to 1.7 percent in June, up from 0.9 percent the previous month, as food prices began rising again, official data showed Saturday.…
IMF lauds crawling peg system
The International Monetary Fund (IMF) has lauded Bangladesh for recent introduction of the Crawling Peg Mid-Rate (CPMR) system which is helping foreign exchange reserves going forward.…
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.…