The government’s net bank borrowing has risen sharply due to lacklustre tax collection, slow private sector credit growth and the overall economic slowdown since the political changeover in August last year.

The EC expressed its interest nearly two and a half months after Bangladesh and the EU completed a two-day introductory meeting on the CPCA in the first week of November.

Four associations, including BGMEA, sent joint letter to the power adviser

Over the past month, KPPL’s shares surged from below Tk 9 to close at Tk 21.70 yesterday.

DSEX gained 2.65 points as of 11:34 am  

The Ibn Sina Pharmaceutical Industry’s profit grew marginally in the second quarter of fiscal year 2024-25.

Bangladesh must harness the potential of quantum technology and artificial intelligence (AI) to ensure cost-effectiveness and remain competitive in an increasingly interconnected world, said Sam Samdani, interim chief executive officer of QuantumCT and external adviser to American consulting firm McKinsey & Company.

Bangladesh badly needs economic reforms at this moment, said Finance Adviser Salehuddin Ahmed yesterday.

Farm and rural loan disbursements by banks fell by more than one-fifth in the first four months of fiscal year (FY) 2024-25, owing to a dip in the flow of credit mainly from foreign and private banks.

Businesses are passing through a “hard and rocky” situation amid high inflationary pressure due to a rise in the cost of finance, labour and energy, according to senior officials of various firms, especially foreign corporations.

The Bangladesh Bank has hired global accountancy firms EY, Deloitte, and KPMG to conduct an “asset quality review” of banks alleged to have lost Tk 2 trillion ($16.4 billion) to influential businesspeople linked to the former Awami League government, according to the Financial Times (FT).

Samadhan Services Limited, a concern of Grameen Telecom, has at last gained ground in its effort to become a payment service provider (PSP) in Bangladesh.

A big chunk of foreign funds was provided as budgetary support from the World Bank and the Asian Development Bank (ADB) in December released $1.1 billion, leading to a rise in foreign aid disbursement and providing some relief to the government.

Subsidies for the power sector are likely to balloon 83 percent this fiscal year as the interim government is planning to clear all arrears owed to private power producers.

Since the Federal Funds Rate is currently around 4.50 percent, the forward selling rate of the USD is likely to be around Tk 124 to Tk 124.50 per USD, according to industry insiders.

The government yesterday asked the banks that financed the embattled Beximco Group to submit information regarding the collateral kept by the group against the loans..The directive was given at a meeting among the secretaries of some ministries and senior officials of nine banks..At

The five-day show, Ambiente 2025, will begin on February 7

FBCCI administrator urges Bangladesh Bank

Farm and rural loan disbursements by banks fell by more than one-fifth in the first four months of fiscal year (FY) 2024-25, owing to a dip in the flow of credit mainly from foreign and private banks..Banks lent Tk 9,391 crore in the July-October period of this fiscal year, according to da

Md Faysal Mahamud has been elected as the general secretary