US comment won't affect Bangladesh’s external financing

External financing will not be affected for Bangladesh in spite of the US stating that the national election here was not free and fair, said global credit rating agency Fitch.
11 January 2024, 23:17 PM

Biman pays off loans for two more planes

In a major show of success, Biman Bangladesh Airlines has finally become the owner of two Boeing 777-300ER aircraft, having paid off the loan in regular instalments since 2011.
11 January 2024, 23:17 PM

Ahsanul new state minister for commerce

The newly formed government has appointed Ahsanul Islam Titu, elected from Tangail-6 (Nagarpur-Delduar) constituency in the recent 12th parliamentary election, as the state minister for commerce, according to a government gazette yesterday.
11 January 2024, 22:17 PM

RMG exports to US continue to decline

Apparel shipments from Bangladesh to the United States have continued its downward trend for the past several months due to slowdown in the sourcing of garment items by American retailers and brands because of higher inflationary pressure.
11 January 2024, 01:00 AM

Bangladesh to post sixth highest GDP growth in Asia in FY24

Bangladesh is poised to become one of the fastest growing economies in Asia, according to a WB report
11 January 2024, 00:45 AM

Making the economy breathe easier

The Bangladesh economy has entered 2024 with acute cost-of-living pressures, external payment imbalances, shortage of dollar liquidity, elevated illicit capital outflows, and vulnerable balance sheets in several, not all, bank and non-bank financial institutions.
11 January 2024, 00:15 AM

Olympic's annual biscuit sales cross Tk 2,500cr for the first time

Rising sales for packaged bakery and confectionary items helped Olympic Industries to cross Tk 2,500 crore in sale
11 January 2024, 00:00 AM

Reserves fall after $1.27b ACU payment

Bangladesh's foreign exchange reserves fell to $20.38 billion yesterday after the central bank settled import bills of two months through Asian Clearing Union (ACU), a top official said yesterday.
10 January 2024, 01:15 AM

Inflation stays stubborn despite rate hikes. Can it be tamed?

Even rate hikes cant tame a raging inflation, so what is the solution ?
10 January 2024, 01:13 AM

Doorstep fuel delivery plan is fraught with risk

Even though the government has approved a guideline, experts point out concerns in carrying flammable items in such manner
10 January 2024, 00:40 AM

GP backs out of Tk 30 minimum recharge

Amidst widespread customer dissatisfaction alongside regulator’s intervention, Grameenphone yesterday backtracked from its recent decision to substantially increase the minimum recharge amount to Tk 30.
10 January 2024, 00:30 AM

IDRA removes two-thirds of Swadesh Insurance directors over fund scam

IDRA has relieved 12 of the 18 directors of Swadesh Islami Life Insurance Company over allegations of embezzling fixed deposit among others
10 January 2024, 00:13 AM

FBCCI congratulates PM, Awami League

Leaders of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), led by its President Mahbubul Alam, congratulated Bangladesh Prime Minister and Awami League President Sheikh Hasina for winning in the 12th National Election at Ganabhaban, Dhaka.
9 January 2024, 14:10 PM

Roadmap for economic stability has been prepared for new govt

The government has prepared a roadmap to maintain economic stability, an issue that will pose a challenge to the new government, Finance Minister AHM Mustafa Kamal said.
9 January 2024, 12:41 PM

Non-bank loans turning sour hit record

Widespread irregularities and scams are reasons that defaulted loans at NBFIs account for 30 percent of disbursed loans
9 January 2024, 01:15 AM

Stocks gain as worries ease after election

Investors optimistically turned up at stock markets post election as the markets seek rebound
9 January 2024, 01:09 AM

Unused foreign loans swell to $48.44b: not a good sign

Unused foreign loans keep piling up as the government is not properly implementing these funds for available projects
9 January 2024, 00:09 AM

With election over, economy to take centre stage in 2024

The economy now can take the centre stage with the elections finally done for
8 January 2024, 16:25 PM

Govt issues first batch of special bonds

The government today issued special bonds, the second time after fiscal 2012-13, worth of Tk 3,016 crore to two banks in order to clear arrears on behalf of fertiliser importers.
4 January 2024, 16:10 PM

Govt to start issuing special bonds today

The government is going to begin clearing arrears to fertiliser importers and independent power producers (IPPs) from today by issuing special bonds with a maximum interest rate of 7.5 percent.
4 January 2024, 01:32 AM