Taxi driver Surendra Parajuli’s decision to buy an electric cab would have been unthinkable a decade ago, when chronic power cuts left Nepalis unable to light their homes at night.

The interim government yesterday restructured an inter-agency taskforce meant to bring back money that has been illegally taken abroad.

Holding unmet demands responsible for the latest spell of worker agitation in garment manufacturing belts, labour leaders have called for an immediate implementation of the 18-point demand agreed on at a tripartite meeting last week.

Different shipping lines are showing interest in expanding their services to directly connect and quickly transport cargo between the Chattogram port in Bangladesh and those in China, the biggest source for local imports.

Multilateral development finance (MDF) sometimes brings risk for the receiving countries, for which there should be meticulous reviews for facing the challenges, according to experts.

The stock market regulator approved 127 firms for listing in the past 14 years, allowing their transition from private to public companies. However, the subsequent outcomes are disheartening as most of these companies showed declined performance rather than growth.

The Bangladesh Bank (BB) today expanded the size of the refinancing fund meant for marginalised communities to Tk 750 crore from previous Tk 500 crore, with a priority to extend financial coverage to flood victims across Bangladesh. .The refinance fund is for the small bank account h

Headed by Bangladesh Bank governor, the nine-member task force became operational with immediate effect

The banks’ unclassified rescheduled loan also rose, according to Financial Stability Report 2023

Experts say at CPD, OECD webinar on the Multilateral Development Finance 2024 report

Of the closed factories, 11 were shut down under the “no work, no pay” provision of the Labour Act, while 6 others were closed due to general holidays.

A total of 434 industrial units under the Bangladesh Small and Cottage Industries Corporation (BSCIC) are either suffering over financial issues or have already closed down due to various reasons..As such, some of these units are not operating at full capacity while others are not generati

Renata PLC reported higher revenue and profit in fiscal year 2023-24 primarily due to higher exports and lower finance costs.

Protests erupted once again in the Ashulia industrial area yesterday as readymade garment workers now demand withdrawal of cases filed against them over recent vandalism and an increase in the monthly minimum wage up to Tk 22,000 from current Tk 12,500.

Classified loans in the banking sector have exceeded Tk 211,000 crore. Various agencies are talking of almost Tk 400,000 crores of stressed assets in the banking sector, almost 25 percent of the total loans.

Referring to the legal provision requiring a 2 percent shareholding in a commercial bank to become a director, Abdul Mannan,  chairman of First Security Islami Bank (FSIB), said this has driven away seasoned banking leadership from boardrooms and allowed infamous individuals like S Alam into banking leadership roles.

United Commercial Bank (UCB) PLC is on the verge of incurring losses of around Tk 75 crore as one-third of its total share market investment has been on a lone stock that has undergone price manipulation.

There has been little progress regarding the signing of preferential trade deals by Bangladesh with major trading partners amidst the change in government following the anti-discrimination movement in July. 

Per capita foreign debt of Bangladesh more than doubled in the last eight years, according to official data, as economists attribute the hike to unplanned foreign-funded projects and corruption, ultimately ballooning the liability on low-income people, including the extremely poor.

The country also targets generating 6 crore textile jobs by that time, India’s textiles minister says