Economy / Bangladesh


Govt raises cost of deep-sea port by over Tk 65b

Govt raises cost of deep-sea port by over Tk 65b

The interim government has increased the duration of the Matarbari deep-sea port project in Cox’s Bazar’s Maheshkhali by three years and the cost by Tk 65.73 billion, a rise of about 37 per cent. The expenditure of upgrading the four-lane Hatikamrul-Rangpur highway from Tangail’s

Online tax return filings gather pace

Online tax return filings gather pace

The tax authority has so far received inspiring responses from individual taxpayers to the submission of online tax returns since re-launching the upgraded systems on September 9. Approximately 50,000 individuals have submitted their income tax returns online using the e-Return option (www.etaxnbr

CIB intensifies loan monitoring

CIB intensifies loan monitoring

Bangladesh Bank has instructed the banks to submit monthly output of every loan for ensuring proper monitoring and supervision of the advances. The Credit Information Bureau (CIB) of the BB issued a circular on Thursday, asking the banks to submit monthly information of each loan to the credit inf

Denmark keen to invest in Bangladesh's port

Denmark keen to invest in Bangladesh's port

Denmark has expressed keen interest in investing in Bangladesh's port infrastructure and offshore wind energy and supporting further development of the pharmaceutical sector. These were revealed while Danish Ambassador to Bangladesh Christian Brix Moller held a meeting with Foreign Secretary Md. J

Govt seeks WB-IMF support for reform and development

Govt seeks WB-IMF support for reform and development

Adviser of the interim government on the Ministries of Finance and Commerce Dr Salehuddin Ahmed today said the government has sought support from the World Bank, alongside other development partners like IMF for some ongoing and future programmes and schemes. The Adviser was talking to reporters a

Inward remittance: UAE tops the list of source countries

Inward remittance: UAE tops the list of source countries

Remittance inflows from the United Arab Emirates (UAE) to Bangladesh have been on the rise since 2023, making it top of the central bank's charts of source countries and also foreign-exchange reserves robust. However, sector insiders and economists have had a mixed bag as they said the sudden ri

Green financing by banks, NBFIs up 29.25pc in Q2

Green financing by banks, NBFIs up 29.25pc in Q2

Green and sustainable financing by banks and non-bank financial institutions (NBFIs) increased by 29.25 per cent in the April-June quarter (Q2) of 2024, compared to the previous quarter, despite a turbulent economic climate. According to the Bangladesh Bank's (BB) latest 'Quarterly Review Report o