Record remittance surge despite political tensions, inflows surpass $2 billion
Remittance inflows in the first 21 days of December have exceeded $2.07 billion, marking an extraordinary surge that has bolstered Bangladesh’s foreign exchange reserves, now standing at $24.98 billion
Forex market faces instability amid rising import bills and holiday travels
As Ramadan approaches, a surge in dollar demand driven by heightened imports, remittance buying, and foreign travel has destabilised the forex market, prompting the central bank to intervene
Bangladesh must boost investment to avoid economic crisis: Analysts
According to Planning Adviser Dr Wahiduddin Mahmud, private investment remains stagnant in the country
Bean cultivation transforms farmers' fortunes as it gains momentum in Lalmonirhat
Farmers are increasingly dedicating their minimal land and resources to bean farming, often alongside other vegetables, creating vibrant landscapes adorned with colorful blossoms.
BB allows banks to review financial health through global firms
The banking regulator said the objective of the regulation was to enable the banks to undertake a risk-based comprehensive assessment through any competent international consulting firm.
Bangladesh receives over $2b remittance in 21 days
Of this, remittances through state-owned and specialised banks accounted for $690.45 million, while private banks received $1,311.62 million
ADB, WB approve $1.1b budget support for Bangladesh
The budget support of a total of $1.1 billion is expected to be available by December this year
Summit Group subsidiaries found evading over Tk1,100 crore tax: NBR
A CIC investigation into Summit Group subsidiaries reveals Tk 1,112 crore in source tax evasion, marking the country’s largest TDS scam to date, though the group denies the allegations
Stellantis backtracks on plan to lay off 1,100 at US Jeep plant
The decision comes as "Stellantis continues to reassess its strategy in North America," the spokesperson added.
Dhaka-Chattogram oil pipeline set for commercial operations in March
The Dhaka-Chattogram oil pipeline, scheduled for commercial operations in March, is set to transform fuel transportation, reducing costs, inefficiencies, and theft
Manipulation in growth rate, development story was a lie: White Paper
The White Paper found the development stories were exceptional from a statistical point of view, but those were deception with the countrymen
Country's economic state not as dire as IMF suggests: Salehuddin
The finance adviser asserted that while challenges persist, the country's economic state is not as dire as the IMF suggests, amidst discussions on inflation, food prices, and industrial policies
Bangladesh to get $645 million loan tranche in February if conditions fulfilled: IMF
Bangladesh is set to receive $645 million from the International Monetary Fund as the fourth tranche of its loan programme by early February, contingent upon meeting stipulated conditions
Taskforce formed to develop semiconductor sector in Bangladesh
The decision came from a stakeholder meeting titled “Semiconductors – A New Frontier for the Bangladesh Economy and Employment.”
Govt to procure rice, lentil, edible oil for domestic needs
Adviser to the Ministry of Finance Dr Salehuddin Ahmed chaired the meeting
Bangladesh, IMF reach staff-level deal on 3rd review of loan
The staff-level agreement is subject to approval by the Executive Board, which is expected in the coming weeks
Bangladesh, ADB ink $600m loan deal for structural reforms
The programme targets a 25% increase in income tax revenue, a 30% rise in value-added tax (VAT), and significant reductions in project cost overruns (by 30%) and average time overruns for completed projects to 18 months by March 2027
Latest News
- Khulna-Dhaka train service via Padma Bridge takes off
- Record remittance surge despite political tensions, inflows surpass $2 billion
- Former US President Bill Clinton hospitalized with fever
- Japan to provide US$3.24m for primary education
- ICDDR,B expands service in Motijheel
- US Security Adviser Sullivan calls CA Yunus, reaffirms efforts for stability in Bangladesh
Top News
- 1Record remittance surge despite political tensions, inflows surpass $2 billion
- 2US Security Adviser Sullivan calls CA Yunus, reaffirms efforts for stability in Bangladesh
- 3Khulna-Dhaka train service via Padma Bridge takes off
- 4S Alam Group seeks redress against interim govt’s ‘arbitrary actions': Financial Times
- 5New uniform, monogram sans boat on the cards for police
- 6Former US President Bill Clinton hospitalized with fever