IMF loan scheme ushers in an era of reforms
The International Monetary Fund's Extended Credit Facility loan, which ushered in some major reforms in the economic field, is nearing
12 July 2015, 18:00 PM
Money invested in Malaysia
Two sacked top officials of scam-hit BASIC Bank allegedly invested their ill-gotten money in properties in Malaysia under Malaysia My Second Home
11 July 2015, 18:00 PM
No bank borrowing by govt last fiscal year
The government did not borrow from the banking system last fiscal year; rather it repaid a big portion of debts.
11 July 2015, 18:00 PM
Bangladesh’s minister for legal action against financial scamsters
Finance Minister AMA Muhith yesterday directed the BASIC Bank to take legal action against those involved in irregularities at the scam-hit bank.
7 July 2015, 18:00 PM
WB plans big to fund connectivity
The World Bank is preparing a five-year country strategy for Bangladesh, putting its focus on connectivity to link the country with three
5 July 2015, 18:00 PM
Trade deficit doubles
Trade deficit almost doubled in the first ten months of the just-concluded fiscal year owing to slow export growth as a result of the
4 July 2015, 18:00 PM
Banks' profits rise slightly
Most private banks saw their profits rise, though slightly, in the first six months this year despite political unrest and a cut in lending rates.
1 July 2015, 18:00 PM
Chinese firm to get work for Karnaphuli tunnel
China Communication Construction Company is set to win the work for construction of a two-lane tunnel underneath the Karnaphuli
23 June 2015, 18:00 PM
ADB to double lending to Bangladesh
The Asian Development Bank will more than double its lending to Bangladesh over the next three years, attaching priority to connectivity projects linking the country to India, Nepal and Bhutan.
22 June 2015, 18:00 PM
Bangladesh to pay $132m initially to join China-led bank
Bangladesh will have to initially pay $132.1 million to become a member of the proposed Asian Infrastructure Investment Bank or AIIB.
21 June 2015, 18:00 PM
Govt aims for better income distribution
The government has proposed a 7.4 percent average growth target in the next five-year plan aiming to empower every citizen by way of better income distribution.
15 June 2015, 18:00 PM
Govt may delay pay hike by 6 months
Teachers and staffs on Monthly Pay Order (MPO) are unlikely to get increased salary from next month under the new national pay scale, as the government might delay the hike by six months to evaluate the performance of MPO-listed educational institutions, said finance ministry officials.
13 June 2015, 18:00 PM
Bangladesh-India river connectivity by this year
Bangladesh may provide river transit to India on a limited scale this year after the two sides fix transit fees and charges.
A joint committee comprising officials from both countries would be formed soon to make recommendations within two months for transit fees and charges, said shipping ministry officials.
10 June 2015, 18:00 PM
Salary hike, interest to eat into budget
A major portion of the non-development budget will be used to pay the increased salaries of government employees, and interest on loans.
9 June 2015, 18:00 PM
WB ready with $1b funding for Bangladesh, India, Nepal, Bhutan connectivity projects
The World Bank could lend more than $1 billion to implement a number of regional connectivity projects for boosting trade and investment among Bangladesh, India, Nepal and Bhutan.
9 June 2015, 18:00 PM
India to give $2b in low-cost loans
India will provide $2 billion of fresh low-cost loans to Bangladesh, most of which will be used for connectivity-related projects to
6 June 2015, 18:00 PM
You can still whiten your black money
The scope for whitening undisclosed money remains in place in the proposed budget for the upcoming fiscal year with only a couple of changes to the provisions.
4 June 2015, 18:00 PM
Subsidy cut 10.34pc
The government is set to slash the allocation for subsidy by 10.34 percent in fiscal 2015-16 as it looks to capitalise on the depressed
4 June 2015, 18:00 PM
Govt staff to pay more taxes
The government employees are set to pay more tax as their salaries increase under the new pay scale, due to take effect from the next
4 June 2015, 18:00 PM
Interest payment takes up 17.56pc more allocation
Debt servicing will take up 17.56 percent more allocation in the upcoming budget than it did in the current one as the government
4 June 2015, 18:00 PM