Rejaul Karim Byron

Bangladesh Petroleum Corporation is set to import 1.3 crore barrels of petroleum products from two Singapore-based entities, a move which will save the government $1 per barrel.

The government is going to scrap the traditional tender floating system and introduce a full-fledged online tendering method for all public purchases from December, say planning ministry officials.

Trade deficit narrowed 0.25 percent in the first eight months of the fiscal year on the back of slow import growth.

The government yesterday formed a seven-member taskforce headed by the banking secretary to bring back the $81 million funds stolen from Bangladesh Bank's account with the New York Federal Reserve.

The government plans to slash the prices of diesel, kerosene, octane and petrol by 15 to 25 percent to allow the economy to benefit from the slump in oil prices in global markets, officials said.

Slow implementation of development projects, low investment and sluggish growth of revenue are the three major challenges the government faces in steering the economy to a higher growth trajectory.

The banking sector's net profit increased 32 percent year-on-year to Tk 7,918 crore in 2015 on the back of a decline in default loans.

The private consumption to GDP ratio fell 2.23 percentage points in the current fiscal year, mainly due to a decline in inward

Private investment has declined this fiscal year, a development which does not bode well for the economy even though GDP growth is

Bangladesh's gross domestic product (GDP) growth would exceed the 7 percent mark in the current fiscal year, according to provisional

The energy ministry has for the first time prepared a policy for petroleum import to make the process transparent.

China will construct a rail route between Dhaka and Jessore through the Padma bridge, cutting travel time significantly and boosting national and regional connectivity.

The balance of payments surplus widened about 58 percent in the first seven months of the fiscal year from a year

Global banking cooperative SWIFT has advised its user-banks in Bangladesh to employ appropriate security measures to eliminate risk exposure to malicious software in the wake of the attack on the central bank's reserves.

The revised development budget for fiscal 2015-16 is likely to be Tk 90,000 crore, which is about 7 percent less than the original outlay.

US Congresswoman Carolyn B Maloney has raised some serious questions about the New York Federal Reserve Bank's actions regarding the $101-million heist from the Bangladesh Bank account.

US cyber security firm FireEye, which is charging Bangladesh Bank $400 an hour to probe the $101 million heist, is hunting for a malware that it believes is still hiding in the bank's network.

Two engineers of SWIFT have come to Bangladesh to review its servers with the central bank -- 38 days after a band of hackers breached the payment system in an attempt to steal about $1 billion.

Confusion and panic was the order of the day at the Bangladesh Bank yesterday, a day after its governor Atiur Rahman stepped down and two deputy governors were removed hastily amid strong criticism over the central bank's handling of the $101 million cyber theft.

Malaysia plans to set up a 1,320-megawatt power plant at Moheshkhali and provide 70 percent of the project cost as loans to Bangladesh.