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A Chinese company plans to invest Tk 300 crore to establish 100 hostels for singles who are struggling to find a safe and convenient place to live in Dhaka. Neways International Company Ltd has already set up six hostels in the capital: one each in Uttara, Badda, Baridhara, Shahbagh, and
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Financial anomalies involving Tk 11,710 crore have been detected in 16 ministries between the fiscal years 2013-18 during audits by the Office of Comptroller and Auditor General.
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The executive board of the International Monetary Fund has expressed concern about the continued weak financial situation in the banking sector in Bangladesh, including high default loans and the rising amount of restructured and rescheduled loans.
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International oil companies will now be able to export gas explored from Bangladesh’s offshore blocks in the Bay.
The government has reintroduced the provision for export of gas by the drilling companies in the Offshore Model PSC 2019. This will not be applicable for onshore blocks.
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BANGLADESH should put emphasis on building a strong financial sector in order to ensure macroeconomic stability, increase efficiency and liquidity of markets, draw investment and deepen economic integration, the Asian Development Bank’s Bangladesh chief said.
