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Business

Bangladesh receives over $2b remittance in 21 days

Business —22 December, 2024 20:32

Expatriate Bangladeshis sent over US$2 billion remittances during the first 21 days of December in the 2024-25 fiscal year. Of this, remittances through…

Bangladesh receives over $2b remittance in 21 days

VAT exemption on machinery for ship-recycling

The government has exempted VAT, including advance tax, on importing…

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

The number of Tk 1 crore and above account holders in the banking…

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

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

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

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

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

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

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

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

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

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

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

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…

Maximum interest rate on credit cards raised to 25%

Bangladesh Bank (BB) has fixed the maximum interest rate on credit cards at 25 percent from 20 percent after banks insisted the central bank raise the rate to recover operation costs.…

Interest grows among Japanese firms to invest in Bangladesh: JETRO

Japan External Trade Organisation (JETRO) Dhaka Country Representative Yuji Ando said Japanese firms have started to show interest to invest in Bangladesh as political situation is…