Financial

Financial

Trade deficit narrows, easing pressure on forex reserves

In the first five months of the fiscal year 2022–23, Bangladesh's trade deficit decreased by six percent year on year to $11.79 billion -- a development that is likely to relieve pressure on the country's foreign exchange reserves.

2y ago

Bangladesh shouldn’t worry about debt trap

Chinese Ambassador to Bangladesh Li Jiming has said Bangladesh should never worry about bad debt or the so-called debt trap.

3y ago

Payra rail link to cost Tk 40,000cr

The government has to spend more than 40,000 crore to bring Payra Sea Port in Patuakhali and Barishal under the rail network, a study says.

3y ago

Helping 1.75M Poor: WB approves $600m for 2 projects

The World Bank has approved $600 million for two projects in Bangladesh to help over 1.75 million poor and vulnerable people.

3y ago

Hefajat Men’s Wealth: ACC forms body for probe

The Anti-Corruption Commission has formed a three-member committee for an enquiry into the illegal wealth of Hefajat-e-Islam leaders.

3y ago

Dealing with Rohingya Crisis: Donors pledge $340m for this year

Amid the risks of a delayed Rohingya repatriation over coronavirus and unrest in Myanmar, donors yesterday pledged $340m for the Rohingyas and host community in Cox’s Bazar for 2021.

4y ago

Income per capita increases to $2,227

Amid the general economic gloom caused by the Covid-19 pandemic, Bangladesh’s per capita gross national income jumped by more than 9 percent to $2,227 in the current fiscal year from $2,024 in 2019-20.

4y ago

Mawa-Bhanga Expressway: Govt delays toll collection start

The road, transport and bridges ministry has stepped back from its decision to start collecting toll from vehicles using the Dhaka-Mawa-Bhanga Expressway from July this year, as structures required for it are yet to be readied.

4y ago

AIIB okays $165m loan for power in Bangladesh

The Asian Infrastructure Investment Bank approves a loan of $165 million for a power distribution system upgrade and expansion in Bangladesh.

8y ago

BB heist: Dhaka asks SWIFT to give access to technicians

Bangladesh asks SWIFT to help its police question technicians sent by the global financial network to Dhaka to connect a new bank transaction system months before February's $81 million cyber heist, according to a source and an e-mail seen by Reuters today.

9y ago

Ecnec okays Tk 34,988cr Padma bridge rail link project

The Executive Committee of the National Economic Council (Ecnec) approves the much-talked about Tk 34,988 crore project of Padma Bridge rail link from Dhaka to Jessore.

9y ago

Tarana for tax cut on handsets import

Telecom division urges finance ministry to review tax and VAT structures on mobile handsets and accessories to make smartphones affordable to boost internet penetration.

9y ago

ADB forecasts 6.7% growth for 2015-16

Banlgadesh’s growth for this fiscal will improve marginaly and stand at 6.7 percent driven by apparel export and domestic consumption, Asian Development Bank forecasts.

9y ago

Loan scam: HC clears way for trail of Hall Mark GM

The High Court clears the way for continuing trial of Hall Mark Group General Manager Tusher Ahmed in nine separate loan-scam cases.

9y ago

Muggers gun down youth to snatch Tk 2.9 lakh in Dhaka

Unidentified miscreants shoot dead a youth to snatch Tk 2.9 lakh from his possession in broad daylight at Hazipara in capital Dhaka.

9y ago

Family gets Tk 4 lakh donation at DU

The family of recently deceased Dhaka University student Hafijur Mollah received a donation of Tk 4 lakh yesterday.

9y ago

Burnt mother also loses fight with burn injuries

A woman, who lost her husband and two sons in a gas stove fire at their Uttara house, succumbs to her injuries at a hospital in Dhaka.

9y ago

Success more than expected

Finance Minister AMA Muhith yesterday said the government's success in its campaign to build a digital Bangladesh

9y ago