Business


Dollar losing global reputation: Lavrov

Business —27 June, 2024 23:34

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

Dollar losing global reputation: Lavrov

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

State Minister for Commerce Ahsanul Islam Titu on Wednesday…

Bangladesh to sign agreements with India, Myanmar for essential goods import
Bangladesh loses Sundarbans honey’s GI status due to negligence: CPD

The Center for Policy Dialogue (CPD) said that Bangladesh has…

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

IMF projects 6.6% growth in FY25

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 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 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 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 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…

FTA  with China meeting on Tuesday

FTA  with China meeting on Tuesday

Bangladeshi Senior officials of the Ministry of Commerce are expected to sit on Tuesday to discuss a Memorandum of Understanding (MoU) sent by Chinese authorities aiming to develop…

Rooppur plant’s payment in taka instead of dollar

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

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 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

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 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

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

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

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…