Business
IMF projects 6.6% growth in FY25
Business —26 June, 2024 16:35
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…
Chinese company to invest $109m in BEPZA EZ
Chinese company Alpen Banyan Garments BD Co. Ltd. today signed…
FTA with China meeting on Tuesday
Bangladeshi Senior officials of the Ministry of Commerce are…
Rooppur plant’s payment in taka instead of dollar
Due to the ongoing dollar crisis in Bangladesh, the government will pay the advance payment of the Rooppur nuclear power plant project in local currency instead of US dollars. According…
Criminal charges recommended against Boeing
US prosecutors have recommended that the Department of Justice (DoJ) brings criminal charges against Boeing. It follows a claim by the DoJ that the plane maker had violated a settlement…
Bangladesh sees highest LC openings in almost 2 years in May: Here’s why
Bangladesh witnessed its highest Letter of Credit (LC) openings in 23 months, amounting to US $6.83 billion in May 2024, amid an ongoing foreign exchange crisis, according to Bangladesh…
Matiur Rahman removed from NBR
President of the National Board of Revenue's (NBR) Customs, Excise and VAT Appellate Tribunal Md Matiur Rahman has been transferred to the Internal Resources Division (IRD) of…
Egypt keen to import rawhides from Bangladesh
Egypt has expressed its interest in importing rawhides from Bangladesh. Egyptian Ambassador to Bangladesh Omar Mohie Eldin Ahmed Fahmy expressed this keenness during the meeting with…
PDB’s loss to increase by 196% to Tk18000cr in 2025, despite subsidy and price hikes: CPD
The Centre for Policy Dialogue (CPD), a think tank, on Sunday said that ongoing losses of the Power Development Board (PDB) will increase by 196 percent to Tk 18,000 crore by 2025…
Govt asks Matiur not to join Sonali Bank's board meeting
The government has instructed Matiur Rahman, who has come into spotlight after a controversy over his wealth, not to attend the board meetings of Sonali Bank PLC. Talking to reporters…
Bangladesh receives $900m WB financing to increase economic, urban resilience
The World Bank (WB)'s Board of Executive Directors yesterday approved two projects totaling US$900 million to helpBangladesh strengthen fiscal and financial sector policies and improve…
BIMSTEC Secretary General emphasizes regional collaboration for inclusive digital landscape
Ambassador Indra Mani Pandey, Secretary General of BIMSTEC, on Saturday stressed the need for collaboration among Member States for promoting an open, safe and inclusive digital…
Hasina urges Indian businesses to invest in Bangladesh
Prime Minister Sheikh Hasina has invited Indian businessmen to come up with investment in Bangladesh, saying that she priorities all neighbouring countries for it. "You (Indian businessmen)…
BD to get third chunk of IMF loan next week
The disbursement of the third tranche of the International Monetary Fund (IMF) loan proposal will be presented on June 24 at the next executive council meeting. If approved, Bangladesh…
South Korea summons Russian ambassador as tensions rise with North Korea
South Korea summoned the Russian ambassador to protest the country's new defense pact with North Korea on Friday, as border tensions continued to rise with vague threats and brief,…
Japan inflation ticks up in May to 2.5%
The pace of Japanese inflation accelerated in May partly due to higher energy bills, government data showed Friday, as analysts speculate on the timing of the Bank of Japan's next…
US to ban Kaspersky amid security concern
The US has announced plans to ban the sale of antivirus software made by Russian firm Kaspersky due to its alleged links to the Kremlin. Moscow's influence over the company was found…