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Business

IMF lauds crawling peg system

Business —28 June, 2024 18:53

The International Monetary Fund (IMF) has lauded Bangladesh for recent introduction of the Crawling Peg Mid-Rate (CPMR) system which is helping foreign…

Dollar losing global reputation: Lavrov

The dollar has lost its reputation globally, Russian Foreign…

BB extends Tk 5000 crore refinance scheme to support food security

Bangladesh Bank has extended its Tk 5000 crore refinance scheme…

IMF welcomes Bangladesh's progress in creating roadmap to reduce NPLs

The International Monetary Fund (IMF) has welcomed Bangladesh for progress in creating a roadmap to reduce the non-performing loans (NPLs). "Priorities should focus on reducing NPLs,…

Magsaysay Foundation applauds Dr Yunus for economic contribution

Ramon Magsaysay Award Foundation (RMAF) has appreciated the contribution of Grameen Bank founder Dr Muhammad Yunus for supporting Bangladesh economy during the unstable situation in…

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

State Minister for Commerce Ahsanul Islam Titu on Wednesday announced that Bangladesh is set to sign an agreement with Myanmar, in addition to India, to import essential goods. He…

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

The Center for Policy Dialogue (CPD) said that Bangladesh has lost the Geographical Indication (GI) status of Sundarbans' honey due to the negligence of the authorities concerned.…

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 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 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 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 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

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

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

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 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

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…