Business
Sri Lanka to save $5bn from bilateral debt deal
Business —2 July, 2024 15:43
Sri Lanka will save $5 billion following the restructure of its bilateral debt, much of which is owed to China, through slashed interest rates and longer…
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Bangladesh fetches $24 billion remittance in last fiscal
Bangladesh has received $23.915 billion in remittances for the…
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Protest against quota system in Dhaka, Jahangirnagar
Students from Dhaka University (DU) and Jahangirnagar University…

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Businesses worried about export incentive cut
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 government defends the move…

AIIB to provide $400m to Bangladesh as budget support
The Asian Infrastructure Investment Bank (AIIB) will provide $400 million to Bangladesh as budget support for implementing the 'Climate Resilient Inclusive Development Program- Subprogram1'. In…
Diesel, kerosene prices fall by Tk1 per litre
The government has cut the prices of diesel and kerosene by Tk1 per litre for the month of July in line with the automated price formula. Each litre of diesel and kerosene will be…
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Biman to add 32 aircraft to its fleet in 10yrs: new CEO
Biman Bangladesh Airlines has a plan to expand its fleet to 47 aircraft by 2034, adding 32 new planes to enhance itscompetitiveness in the regional aviation market, the carrier's…

Parliament passes Tk 7.97 trillion budget for FY25
The Jatiya Sangsad (JS) on Sunday passed the Tk 7,97,000 crore national budget for FY25 with a prime focus on maintaining economic stability and augmenting steps to materialise the…
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Boat-shaped wooden houses made in Bagerhat to be exported to Belgium
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 earnings and generating employment…
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…
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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.…
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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.…
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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…
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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…