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

Yunus Centre rebuts Hasina's claim

Yunus Centre has expressed deep dissatisfaction over Nobel laureate Prof Muhammad Yunus being implicated by the prime minister in the process of the cancellation of funds promised by the World Bank for the Padma Bridge project.

9y ago

Government to spend Tk 1,193cr for upgrade

The government has taken a project to upgrade Cox's Bazar Airport to facilitate the take-off and landing of large

9y ago

Return extra fees taken from students within 10 days

Chittagong District Administration yesterday directed the heads of all private and city corporation-run schools in the

9y ago

Moghbazar flyover gets costlier by Tk 446.20cr

The Executive Committee of the National Economic Council (Ecnec) has approved revision of the Moghbazar-Mouchak Flyover Project with an extension of 18 months and increased cost of Tk 446.20 crore, raising the overall project cost to Tk 1,218.90 crore.

9y ago

A bank's MD provoked WB to scrap Padma Bridge funding

Prime Minister Sheikh Hasina yesterday said high officials from the USA had threatened her that the World Bank funding to the Padma

9y ago

Bank MD’s removal led to Padma fund cancellation threat: PM

Prime Minister Sheikh Hasina alleges that she had been threatened that funding to Padma Bridge project would be stopped if a particular person was not there as the managing director of a particular bank.

9y ago

VoIP instruments of Tk 22 lakh seized

Members of Rapid Action Battalion (Rab-7) seized VoIP (Voice over Internet Protocol) instruments of worth about Tk 22 lakh from

9y ago

Defaulting teachers owe DU Tk 4.38cr

Dhaka University will take a series of initiatives to get more than Tk 4.38 crore back from 60 former teachers who owe the amount to the university. The teachers had taken loans from the university to get higher education abroad but neither returned the money nor joined their jobs afterwards.

9y ago

Cancellation of CCC-run schools' fee hike sought

School students and guardians yesterday demanded cancellation of Chittagong City Corporation (CCC)'s decision to

9y ago

Teachers unaware of benefits: Muhith

Finance Minister AMA Muhith yesterday said university teachers were continuing their movement against “discriminatory provisions” in the eighth national pay scale without even knowing “what they are getting (from the pay scale)”.

9y ago