Business


Banks in Bangladesh faced catastrophic year in 2024 amid liquidity crisis

Business —29 December, 2024 10:43

Bangladesh’s banking sector endured a catastrophic year in 2024, grappling with an acute liquidity crisis and record-high non-performing loans (NPLs).…

Banks in Bangladesh faced catastrophic year in 2024 amid liquidity crisis

Current account maintaining virtual balance after 4-month of new govt: BB

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur said the current…

Current account maintaining virtual balance after 4-month of new govt: BB
Inflation to come down below 5% by FY26: BB Governor

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur has expressed…

Inflation to come down below 5% by FY26: BB Governor

VAT exemption on machinery for ship-recycling

VAT exemption on machinery for ship-recycling

The government has exempted VAT, including advance tax, on importing capital machinery for ship-recycling yards to promote environmentally sustainable practices in line with global…

Tk 1 cr+ account holders decline post-political shift: BB report

Tk 1 cr+ account holders decline post-political shift: BB report

The number of Tk 1 crore and above account holders in the banking system has decreased following the political changeover on August 5. According to Bangladesh Bank’s (BB) financial…

BEPZA signs agreement with Chinese firm to set up battery plates manufacturing plant

BEPZA signs agreement with Chinese firm to set up battery plates manufacturing plant

Bangladesh Export Processing Zones Authority (BEPZA) has signed a lease agreement with Bangladesh Prothoma Power Supply Ltd., a Chinese company, to establish a battery plates manufacturing…

Economic Census 2024 kicks off Tuesday

Economic Census 2024 kicks off Tuesday

The fourth Economic Census of the country will start on Tuesday, aiming to have a comprehensive understanding of the structural changes in the nation's economy over time.   The…

Move to divest BEXIMCO 16 garment units

Move to divest BEXIMCO 16 garment units

The interim government has announced plans to divest 16 ready-made garment companies owned by the loan-defaulting conglomerate BEXIMCO Group. Additionally, several loss-making entities…

Fresh designs, new era: BB to launch new notes

Fresh designs, new era: BB to launch new notes

The much-hyped launch of new Bangladeshi currency notes is on the horizon, with denominations of Tk 20, Tk 100, Tk 500, and Tk 1,000 expected to grace the market within the next six…

Inflation in Bangladesh climbs to 11.38% in Nov

Inflation in Bangladesh climbs to 11.38% in Nov

The general point-to-point inflation rate in Bangladesh rose in November reaching 11.38 percent, up from 10.87 percent in October 2024.   This rate is the highest in the last…

ADB to invest $20 million in Meghna Group to enhance food security

ADB to invest $20 million in Meghna Group to enhance food security

The Asian Development Bank (ADB) and Tanveer Dal Mill and Flour Mills of Meghna Group have signed a $20 million loan agreement to support the construction of a greenfield state-of-the-art,…

Exports see 15.63% up in Nov

Exports see 15.63% up in Nov

The country's export earnings in November witnessed a healthy growth of 15.63 percent fetching US$4.12 billion, up by $0.56 billion from $3.56 billion in the same month of the last…

DSE benchmark index up 16.41 points in opening hour

DSE benchmark index up 16.41 points in opening hour

The Dhaka Stock Exchange (DSE) saw an upward trend in the first hour on Wednesday. On the day, the trading record in the DSE shows, shares and units of 7.8 crore were exchanged through…

Interim govt expects $6b in funding commitments by June

Interim govt expects $6b in funding commitments by June

Finance Adviser Dr. Salehuddin Ahmed on Tuesday said the government expects commitments of around $6 billion from development partners, including the World Bank and IMF, by next June.…

BB approves Tk 3,000cr low-interest loan for ICB

BB approves Tk 3,000cr low-interest loan for ICB

The Investment Corporation of Bangladesh (ICB) has received approval from Bangladesh Bank for a Tk 3,000 crore loan at a reduced interest rate of 4%, down from the initial 10%. Two-thirds…

Chinese firm to invest $19.53m in Mongla EPZ

Chinese firm to invest $19.53m in Mongla EPZ

Bangladesh BaoRui Textile Co. Ltd., a Chinese company, is set to invest US$ 19.53 million in Mongla Export Processing Zone (Mongla EPZ) to establish a composite textile manufacturing…

Bangladeshi expatriates remit $2.2b in November

Bangladeshi expatriates remit $2.2b in November

Bangladesh received US $2.2 billion in inward remittance in November through the official channel, which is 12.25 percent more year-on-year. Bangladesh Bank's (BB) latest remittance…