Reaching financial inclusion goal to take 200 years at current pace

Reaching the financial inclusion goal would take 200 years for Bangladesh if the country keeps working at the current pace in the area, said Shah Md Ahsan Habib, a professor at the Bangladesh Institute of Bank Management (BIBM), today. 
21 January 2023, 12:51 PM

Cut energy prices when global rates fall: DCCI

The global economic crisis and supply shortage may fuel energy prices in Bangladesh, but the local rates should be adjusted and decreased when the international prices fall, Dhaka Chamber President Barrister Md Sameer Sattar said today.
21 January 2023, 12:39 PM

India's forex reserves rise to 5-month high

India's foreign exchange reserves rose to a five-month high in the week ended January 13, according to the Reserve Bank of India's (RBI) statistical supplement released on Friday.
21 January 2023, 11:52 AM

More budget support, easy loans sought from AIIB

Finance Minister AHM Mustafa Kamal today requested China-led Asian Infrastructure Investment Bank (AIIB) to extend more budget support and ease loan conditions the way the World Bank has done for Bangladesh.
17 January 2023, 15:13 PM

‘Richest 1% grab two-thirds of new $42 trillion created since 2020’

The richest 1 per cent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 per cent of the world’s population holds, reveals a new Oxfam report today.
16 January 2023, 07:42 AM

First ever 10-metre draught vessel enters Ctg port

The Chattogram port today berthed first ever vessel with 10-metre draught and 200 metres in length at a jetty, a big achievement for the port as such ships will fuel import and export of cargo and cut cost.
15 January 2023, 16:21 PM

Bangladesh should continue reforms

Bangladesh should continue with the measures to reform various sectors of the economy, said IMF's Deputy Managing Director Antoinette Monsio Sayeh today.
15 January 2023, 15:22 PM

‘Nigeria keen to expand trade with Bangladesh’

Nigeria wants to expand trade with Bangladesh as the south Asian country has achieved significant development in the last decade, said Akinremi Bolaji, director for economic, trade and investment of the foreign affairs ministry of the west African nation.
15 January 2023, 14:18 PM

IMF DMD praised govt’s measures to tackle economic challenges

International Monetary Fund (IMF) Deputy Managing Director Antoinette Monsio Sayeh today praised the proactive measures taken by the government and the Bangladesh Bank to tackle the economic challenges the country is facing.
15 January 2023, 10:30 AM

Gold prices to cross Tk 93,000 per bhori for the first time

Gold is going to be even pricier from tomorrow as the Bangladesh Jewellers' Association (Bajus) is set to hike its rates for the third consecutive week.
14 January 2023, 14:03 PM

Puma expanding footprint as outlet opens in Chattogram

International footwear and apparel brand Puma has expanded its footprint in Bangladesh by launching a flagship showroom in port city Chattogram.
14 January 2023, 13:16 PM

‘Electricity tariff hike a challenge for private sector’

The recent retail electricity tariff hike will ultimately create an additional economic burden on the smooth operations of the private sector and power intensive industries, Dhaka Chamber of Commerce and Industry (DCCI) President Barrister Md Sameer Sattar said.
14 January 2023, 09:38 AM

Where did most Bangladeshi migrant workers go in 2022?

Over 11.35 lakh Bangladeshis migrated to foreign nations in 2022, the highest ever in the history of the south Asian country.
13 January 2023, 09:00 AM

Brac Bank to get $100 million from Jica, Citi to finance green projects

Brac Bank is going to get $100 million from Japan International Cooperation Agency (Jica) and Citibank NA as loan mainly to finance green factory, renewable energy, energy and resource efficiency and efficient waste management.
12 January 2023, 14:59 PM

Sri Lanka given 6 more months to repay Bangladesh’s $200m loan

Bangladesh Bank today granted Sri Lanka six more months to repay the $200 million loan after the Island nation requested to extend the repayment period due to its prolonged economic crisis.
12 January 2023, 14:18 PM

Global expos on RMG machinery, allied products begin in Dhaka

Four international trade shows on garment machinery and allied products began at the International Convention City, Bashundhara in Dhaka today.
11 January 2023, 13:24 PM

Bangladesh recycles only 36% plastic waste: experts

Only 36 per cent of the 8.25 lakh tonnes of plastic waste Bangladesh produced in 2019 were recycled whereas the amount was 51 per cent in 2006, a matter of big concern for the country, an expert said today.
4 January 2023, 14:33 PM

Six ICDs top export, import handlers’ list for seventh year

Six out of the 19 private inland container depots (ICDs) have once again come up as the major handler of export and import cargoes in the port city.
4 January 2023, 14:03 PM

Global economy faces tougher year in 2023: IMF chief

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said on Sunday.
2 January 2023, 10:15 AM

How did 2022 go for Bangladesh?

Bangladesh economy was all set at the beginning of 2022 to get its growth momentum back after recovering from the prolonged Covid-19 pandemic. But, the start of the Ukraine war in February slowed the country’s joy run significantly, making it an eventful year to remember. Let’s see how 2022 was for Bangladesh.
29 December 2022, 14:52 PM