Bangladesh has received US$1.61 billion in inward remittances during the first 17 days of May, marking a robust flow of foreign currency from expatriate workers, according to a revised update from Bangladesh Bank. The data shows that remittances during this period averaged $94.70 million p
Bangladesh Bank (BB) Governor Ahsan H Mansur on Thursday said the central bank is closely monitoring the activities of reconstituted bank boards and will intervene if necessary. He warned that unless stricter classification rules are introduced, non-performing loans (NPLs) could rise to 30 per cen
The ordinance to bifurcate the National Board of Revenue (NBR) will only be implemented after incorporating the necessary amendments to be made based on comprehensive discussions with all stakeholders, including the Revenue Policy Reform Advisory Committee, says the Ministry of Finance (MoF). It s
Bangladesh Bank Governor Dr Ahsan H Mansur on Wednesday projected that the country's foreign exchange reserves will rise to $30 billion by June, with a further target of reaching $40 billion in the upcoming fiscal year. The governor made the remarks at an event organised by the Policy Research Ins
Bangladesh Bank Governor Dr Ahsan H. Mansur said that graduation from the Least Developed Countries (LDC) would create some opportunities for Bangladesh, despite the businesses having some observations. He said there is no country like Bangladesh left among the LDCs. He made the remark on Tuesday
Finance Adviser Dr Salehuddin Ahmed on Tuesday firmly said the National Board of Revenue (NBR) will continue operating as two distinct entities—tax and customs—clarifying that all previous confusion over the separation has now been resolved following discussions with cadre officials. &
The interim government is set to reduce import duties on at least 100 types of goods in the upcoming budget, aiming to create a favourable ground for negotiations following the additional tariffs imposed by the United States. Chief Advisor Muhammad Yunus gave provisional approval to this move duri
India has imposed a sudden restriction on imports of several Bangladeshi goods via land ports, including key export items such as ready-made garments. The move, effective from Saturday (May 17), has created uncertainty among Bangladeshi exporters who rely heavily on the land route as the most cost-
The 27th meeting of the Indian Ocean Rim Association (IORA) Committee of Senior Officials (CSO) began on Monday virtually under the theme "Strengthening Regional Architecture: Reinforcing Indian Ocean Identity". The Bangladesh delegation, senior officials and representatives from the IORA Member S
BNP standing committee member Amir Khasru Mahmud Chowdhury has alleged that the national budget for the next fiscal year is being prepared based on a questionable gross domestic product (GDP). "Through this, we see the continuation of the budget of the deposed fascist government. There is nothing
The interim government, which assumed office following a popular movement against discrimination, has yet to take sufficient steps to eliminate entrenched discriminatory policies within the economy, observed Dr. Debapriya Bhattacharya, convenor of the Citizen’s Platform for SDGs, Bangladesh,
Government high-ups have instructed finance officials to focus improvement in people's living standard and wellbeing in budgeting in a pivot from making growth-centric budget of the past times, sources said. The advice came when finance division officials Saturday placed the next budget outline be
The number of employed people in the country fell to 68.09 million in the fourth quarter of 2024, down from 71.11 million in the same period of 2023, according to the latest report by the Bangladesh Bureau of Statistics (BBS). This means that approximately 3.02 million people lost their jobs durin
