Business
3 weak banks receive Tk 945cr liquidity support
Business —2 October, 2024 21:00
In a significant move to address the ongoing liquidity crisis in Bangladesh's banking sector, three financially stable banks have extended loan support…
Denmark keen to invest in Bangladesh's port, offshore wind energy
Denmark has expressed keen interest to invest into Bangladesh's…
Over 14,164 MT rice to be distributed among fishermen in 37 dists
The government has earmarked more than 14,164 tonnes of rice…
NBR scraps mandatory physical inspection of imports from Pakistan
The National Board of Revenue (NBR) has officially scrapped the mandatory 100 percent physical inspection of all imported goods from Pakistan, a decision aimed at expediting customs…
Remittance inflow sees over 80% growth in Sept
Expatriate Bangladeshis sent US$2405 million remittances in September, 2024 which was 80.20 percent higher than the corresponding month of the previous year. The country received $1334…
BIMSTEC's FM meeting emphasizes cementing economic ties
The BIMSTEC member states have emphasized the importance of enhancing physical, maritime, and digital linkages to strengthen economic ties and people-to-people exchanges, while also…
Govt seeks WB-IMF support for reform & development
Adviser of the interim government on the Ministries of Finance and Commerce Dr Salehuddin Ahmed today said the government has sought support from the World Bank, alongside other development…
Gold pushed to new records as India demand reignites
Gold reached record-breaking levels in September, buoyed by a bumper US interest rate cut, fears of rising geopolitical conflict, and an import tax cut in India that has galvanised…
Sugar mills fail to repay bank loans
State-owned sugar mills in Bangladesh, plagued by decades of mismanagement and irregularities, have failed to repay billions in bank loans, according to industry sources. The mills,…
Yunus seeks businessmen’s partnership in Bangladesh’s new journey
Chief Adviser Professor Muhammad Yunus today said his government is committed to improving business environment in Bangladesh through reforms, seeking businessmen’s partnership…
WB to provide $3.5b to support Bangladesh’s reforms
World Bank (WB) Group President Ajay Banga on Thursday said the global lender would provide US$ 3.5 billion to support reform initiatives of Bangladesh’s interim government.…
Govt’s goal is to simplify trade, commerce: Salehuddin
Adviser to the interim government on the Ministries of Finance and Commerce Dr Salehuddin Ahmed today said that the government wants to simplify further trade and commerce in the country.…
NBR focuses on boosting low tax-to-GDP ratio as major business figures come under scrutiny
The National Board of Revenue (NBR) is intensifying its efforts to combat tax evasion, aiming to enhance its capacity in addressing the country's low tax-to-GDP ratio. Currently, the…
Ethiopian airlines' flight on Addis Ababa-Dhaka route from Nov 2
The Ethiopian Airlines, Africa's leading carrier, has finally announced the commencement of its new five weekly direct flights on Addis Ababa-Dhaka-Addis Ababa route from November…
BB raises repo rate by 50 basis points
Bangladesh Bank (BB) has increased the policy rate, also known as repo rate, by 50 basis points to 9.50 percent to containinflation. The new rate will be effective from tomorrow, said…
BB must arrange liquidity support to save troubled banks: Abdul Awal Mintoo
Challenging the central bank to go further if it truly wants to save troubled banks, prominent businessman and newly-installed chairman of National Bank Limited (NBL) Abdul Awal Mintoo…
Bangladesh to receive duty-free access for all products to China from Dec
Here’s a fine-tuned version of the story using journalistic language: Bangladesh will enjoy 100% duty-free market access to China starting this December, according to…