Administrators appointed to the five merging Islamic banks will be withdrawn shortly to help accelerate operations of the newborn Sammilita Islami  Bank led by a new managing director. Bangladesh Bank (BB) has made the decision on withdrawal of the administrators of the five and charge

Power distribution and petroleum import are set to be privatised under sweeping reforms in Bangladesh's hard-up energy sector as the new government aims to cut subsidies and bring efficiency in the vital field. Officials say the revamping plan comes as the sector has suffered from years of weak pl

The government has made energy security its top economic priority, pledging to ensure uninterrupted gas and electricity supplies for industries as part of a broader strategy to reduce business costs, improve competitiveness and attract investment. Mahdi Amin, Adviser to the Prime Minister and offi

With the use of Bangla QR made mandatory with effect from July 1 last the Prime Bank PLC has integrated the QR code into its digital banking ecosystem through the MyPrime app, allowing customers to make secure, instant and convenient QR-based payments across a growing merchant network. Close collab

Minister of Power, Energy, and Mineral Resources, Iqbal Hasan Mahmood, has urged non-governmental organizations (NGOs) to invest in renewable energy, highlighting their crucial role in expanding solar power in rural areas. He said increased use of solar energy would reduce fuel import costs, allow

British International Investment (BII), the UK's development- finance institution, has unveiled a new five-year strategy for Bangladesh, reaffirming its long-term commitment to supporting sustainable economic growth, private- sector development and climate-focused investment in one of South Asia's

Expediting the long-pending BIMSTEC Free-Trade Area (FTA) agreement is deemed essential to unlock the region's untapped trade potential, strengthen connectivity and transform the Bay of Bengal into a dynamic hub of economic growth. Speakers said at a seminar organised by Bangladesh Institute of In

Bangladesh could develop a competitive electric three-wheeler manufacturing industry to meet the fast-growing domestic demand and tap export markets if the government introduces internationally compliant technical standards and a certification system, according to experts, manufacturers and industr