Three troubled banks received Tk 2.65 billion more as liquidity support from four affluent banks under the central bank's guarantee scheme, officials said. Under the arrangement, First Security Islami Bank received Tk 500 million, National Bank Tk 650 million and Exim Bank Tk 1.50 billion from fou
Bangladesh Bank (BB), the country's central bank, has decided to continue with its persisting contractionary monetary policy with no further changes in the coming days to contain inflation. The decision was taken after Monetary Policy Committee (MPC) meeting held on Tuesday evening at the BB headq
Service-seekers in Bangladesh paid an estimated Tk 1.46 trillion in bribes between 2009 and April 2024 to access essential services, according to a new survey by the Transparency International Bangladesh (TIB). This period corresponds to the tenure of the previous Awami League government. Some 70
Bangladesh's current-account deficit shrank in the first four months of this fiscal year following a rebound in export and remittance receipts, helping a surplus balance in external finances. The deficit in the current account stood at US$752 million in transactions between July and October, in a
Commerce Adviser Sheikh Bashiruddin has stressed the need for enhancing the human resources capacity for Bangladesh's graduation to a developing economy. "Bangladesh is committed to ensuring dispute resolution in the framework of security and predictability in the multilateral trading system. We n
Bangladesh’s banking sector began to deteriorate in 2010 when the government introduced a single-digit 9 per cent interest rate for lending, according to a White Paper. Titled “White Paper on the State of the Bangladesh Economy”, the report was unveiled at a press conference on M
Tax revenue collection continues to mark a negative growth in the current fiscal year, largely due to the economic downturn with sluggish import scenario. The National Board of Revenue (NBR) has collected 1.03 per cent less revenue in the July-October period compared to that of the previous FY. P
State-owned energy companies forewarn gas cutoff following impending acute liquidity crisis attributable to nearly Tk 27 billion overdue refunds of excess taxes charged by taxmen. Petrobangla has reported that the gas-supply system is under threat from fund shortfall affecting gas-distribution com
Centre for Policy Dialogue (CPD) chairman Prof Dr Rehman Sobhan on Sunday said the think tank's mission was to foster conclusive as well as constructive dialogues on economic issues by engaging political leaders. While addressing an event hosted at a local hotel commemorating the CPD's 30-year jou
Members of the fallen regime of the Awami League, lobbyists, private business and independent power producers became major stakeholders in power and energy sector bypassing due processes, the 'White Paper on the State of Bangladesh Economy' revealed on Sunday. The energy adviser, the state ministe
The tax exemption for renewable energy-based power plants has been extended up to 15 years. The investors will be entitled to a full tax exemption for the first 10 years of their operations, according to a Statutory Regulatory Order (SRO) issued by the National Board of Revenue (NBR) on November 2
The committee tasked with preparing a white paper on Bangladesh’s economy has submitted its final report.The report was handed over to the Chief Advisor Dr Muhammad Yunus on Sunday afternoon.Led by economist Dr Debapriya Bhattacharya, the committee was formed to investigate irregula
Bangladesh's readymade garment (RMG) exports totalled $9.51 billion in the first quarter of FY25, reflecting a 2.8 per cent year-on-year decline despite a 7.64 per cent rise from the previous quarter. The sector demonstrated resilience, maintaining steady growth despite domestic political unrest,
