Core inflation fired up over double-digit count for the first time in Bangladesh last August amid price spikes, especially as non-food prices rose significantly, officials said. The core inflation rose to 10.57 per cent in August on a point-to-point basis from 8.66 per cent a month before, accordi
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
Dr Debapriya Bhattacharya, the chief of the committee on drafting a white paper committee on Bangladesh economy, on Monday said the non-governmental organizations (NGOs) want recognition of their contributions to the development of the country. The NGO representatives sought the recognition at a m
The eastern region of Bangladesh has suffered a loss of around Tk 144.21 billion due to recent floods, according to a study by the Centre for Policy Dialogue (CPD). The local think tank disclosed the information at a press briefing at its office in Dhaka on Sunday on aftermath and rehabilitation a
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
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 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
Bangladesh Bank (BB) has said in a report that the bank loans at risk have increased rapidly due to the ‘liberal policy’ of rescheduling during the tenure of the Awami League government. The central bank made the remarks in its financial stability report published on Sunday, according
The government has re-constituted inter-agencies task-force on recovering all laundered money. The financial institutions division (FID) on Sunday issued a circular on the matter. The central bank's governor will lead the high-power nine-member task-force while deputy governor Md Zakir Hossain Ch
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
The improvement of a business-friendly, predictable and stable environment should be one of the top priorities among the interim government's tasks in order to attract more foreign investment, South Korean Ambassador to Bangladesh Park Young Sik said on Saturday. “Korea is fully committed to
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 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
