The Bangladesh Institute for Professional Development (BIPD) on Saturday alleged that Fareast Finance and Investment Limited has illegally held back its six FDRs worth Tk 10.83 million for six years. The BIPD, a training and research institution catering to teachers and students in the financial s
A report by Indian think-tank CUTS International (Consumer Unity & Trust Society) has warned India about the possible impact of the proposed Bangladesh-Japan Free Trade Agreement (FTA) on its trade with Bangladesh. The report -- a quarterly analysis by CUTS Dossier on Preferential Trade Agreements
The government on Saturday signed a US$71 million loan agreement titled 'Loan 4440-BAN: Climate-Resilient Integrated Southwest Project for Water Resources Management' with the Asian Development Bank (ADB) to ensure climate resilient water resources management. Md Shahriar Kader Siddiky,
Finance Minister Abul Hassan Mahmood Ali has said there is nothing to worry about the downgrading of the growth forecast for Bangladesh by the IMF for the current fiscal year. He said he is satisfied with the recovery of Bangladesh’s economy, reports UNB. The finance minister said thi
The government set a target to elevate capital expenditure in the medium term (2025-26 fiscal) aiming to achieve sustained economic growth. The government has set the target as it thinks that there is no alternative to increasing capital expenditure which profoundly impacts the economy's productio
Inward remittance has witnessed a downward trend amid the Eid-ul-Fitr festival, with expatriate Bangladeshis remitting $877.10 million in the first 12 days of this April. Earlier in January, remitters sent home $915.91 million in the first 12 days of the month, according to data available with the
The government has earmarked Tk 385 billion for agricultural development over the next three years, targeting an average annual growth of 10 per cent in the sector by the fiscal year 2025-26 (FY26). This investment underscores agriculture's pivotal role in achieving food security and driving equit
The foreign exchange reserves of Bangladesh have gone above $20 billion again, according to central bank data. The export earnings and flow of inward remittances marking Eid-ul-Fitr contributed to the increase in foreign exchange reserves, local news portals said. According to the Bangladesh Bank
Brazilian Foreign Minister Mauro Vieira on Monday said global challenges are interconnected and can only be addressed through reinvigorated multilateralism, reforms and international cooperation. “In that spirit, Brazil’s G20 Presidency believes that the group should work towards
Bangladesh has demonstrated remarkable development progress in the last five decades. The country’s journey from one of the poorest countries at independence to a lower-middle-income nation within four decades is a testament to its resilience, policy decisions, and commitment to reducing pove
A new book, titled ‘Politiconomy of Bangladesh: Essays and Analysis’, has been published recently. Written by Professor Abdullah A Dewan, the book is a collection of the author’s various articles and essays published in three English newspapers in the country earlier, according t
The government is set to increase its recurrent expenditure from 8.7% of the Gross Domestic Product (GDP) in the current fiscal year 2023-24 (FY24) to 9.0% in 2024-25 (FY25), with a further rise to 9.5% in 2025-26 (FY26). This projection marks a notable increase, according to the Finance Division
Bangladesh Bank issued new guidelines on Thursday, dictating that board members and top executives of banks and financial institutions undergoing a merger will not be eligible to occupy positions within the acquiring entity. These guidelines accommodate both consensual and compulsory mergers, emph
