Deferring LDC graduation not an option

Education and Planning Adviser Wahiduddin Mahmud said Bangladesh has no option to defer its graduation from the least developed country (LDC) club.
7 December 2024, 18:00 PM

Revised budget may be Tk 50,000cr smaller

Bangladesh’s national budget for fiscal year 2024-25 is likely to be reduced by more than Tk 50,000 crore, with the entire cut expected to be made in funds meant for the annual development programme (ADP).
7 December 2024, 18:00 PM

Radiant Pharma to acquire majority stake in Novartis Bangladesh

Radiant Pharmaceuticals Limited (RPL), one of the top healthcare solution providers in Bangladesh, is set to buy a majority stake in Novartis Bangladesh Limited (NBL).
5 December 2024, 20:05 PM

Jiban Bima announces Tk 600cr in bonuses, settlements

It was announced at the 631st meeting of the life-insurer’s board of directors today.
5 December 2024, 15:50 PM

Abul Khayer Hiru and associates fined Tk 134 cr for stock manipulation

The recent fine relates to three incidents of market manipulation
5 December 2024, 14:23 PM

National Single Window to be launched in March

He also said a masterplan to fully automate services at the NBR was being drafted.
4 December 2024, 16:02 PM

NBR freezes bank accounts of Ananta Group MD and UCB Chairman Sharif Zahir

Sharif said he and his family members had contacted top officials of the NBR following the move, but no specific reason was provided
3 December 2024, 14:50 PM

IDRA gets four new members

Each of them was appointed on a contractual basis for the next three years from the date of joining on condition of renouncing work and relations with all other institutions and organisations, the ministry circular mentioned.
2 December 2024, 16:07 PM

Bangladesh on track for next IMF loans

Bangladesh is on track to meet all 12 conditions set by the International Monetary Fund (IMF) to qualify for the fourth tranche of a $4.7 billion loan programme, only missing the revenue collection target.
30 November 2024, 18:00 PM

Unlocking fiscal constraints for climate action

Climate change has emerged as a significant risk to sovereign debt sustainability, impacting fiscal stability and growth prospects.
30 November 2024, 18:00 PM

Businesses voice concerns over law and order

Businesspeople have voiced concerns about the state of law and order in industrial areas, saying it has not improved to the level they anticipated despite the interim government being in office for three and a half months.
30 November 2024, 18:00 PM

People continue to abandon life insurance policies amid economic hardship

Life insurers in Bangladesh saw some 3.47 lakh policies discontinued in the January-September period this year amid worsening financial health of clients, political changeover and repeated flooding devastating lives and livelihoods in vast areas of the country.
30 November 2024, 18:00 PM

PDB to give up role as sole buyer of electricity from private producers

The Bangladesh Power Development Board (PDB) will no longer be the sole buyer of electricity produced by independent power producers (IPPs), said Fouzul Kabir Khan, adviser to the Ministry of Power, Energy and Mineral Resources.
30 November 2024, 18:00 PM

The scourge of brain drain

The increasing exodus of educated professionals from Bangladesh reveals a complex web of barriers facing the nation’s brightest minds. 
29 November 2024, 18:00 PM

Teletalk launches SIM card delivery service

Teletalk will also provide automated tracking for delivery status, ensuring transparency and ease of access.
28 November 2024, 13:23 PM

MJL to spend up to $47m to buy oil tanker

Mobil Jamuna Lubricants (MJL) Bangladesh Ltd, which blends and markets lubricants and grease products, yesterday announced that its board has approved the purchase of a used oil tanker within a range of $45 million to $47 million.
25 November 2024, 18:00 PM

It’s time to forget Silicon Valley formula and build our own

The world has long been captivated by Silicon Valley: the land of endless innovation, where founders start in garages and build tech giants. It is a formula that many have tried to emulate, but it’s time for Dhaka to write its own recipe—one that works for our unique context, strengths, and challenges.
25 November 2024, 18:00 PM

Poor navigability disrupts cargo transport through Nagarbari port

Nagarbari port, one of the largest riverports in Bangladesh, is mainly used to facilitate the transport of imported fertiliser and coal from Chattogram to 16 northern districts of the country.
25 November 2024, 18:00 PM

BB asks banks to rebuild image

Bangladesh Bank yesterday asked banks to find a way to rebuild the image of the country’s banking sector in the international arena as Moody’s recently downgraded Bangladesh’s long-term ratings to B2 from B1.
25 November 2024, 18:00 PM

Banks reel from liquidity crisis despite rising deposit rates

Despite rising interest rates on deposits and various efforts by the central bank, Bangladesh’s banking sector continues to face a liquidity crisis that has hamstrung some lenders.
25 November 2024, 18:00 PM