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.

4y 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

Jubo League activist assaults LGED engr

A Jubo League activist of Dashmina upazila convening committee in the district allegedly assaulted an engineer of Local Government Engineering Department (LGED) yesterday morning.

9y ago

Modi calls Hasina, hails her for ‘help in fighting terror’

Hours after Bangladesh handed over top Ulfa brass Anup Chetia to India, Narendra Modi phones his Bangladesh counterpart Sheikh Hasina thanking her “for help in fight against terrorism”.

9y ago

2 to die for killing 13yr-old Rakib

Two people have been sentenced to death for murdering 13-year-old Rakib by pumping air into his rectum – an incident that sparked repulse in country.

9y ago

BNP demands impartial investigation into Shia procession attack

BNP demands impartial investigation into bomb attack at Shia Muslim group's headquarters in old part of Dhaka that killed one and injured 87 others.

9y ago

The lure of the sea, a lifelong debt trap for fishermen

When in rough weather the waves rise up, it can take all a man's strength and then some for a fisherman to overcome. There's wit, skill and experience in sea fishing, and beyond that prayer and perhaps a little luck… The open sea: it's no place for an octogenarian.

9y ago

Man jailed for torturing wife for dowry

A Gaibandha court on Tuesday sentenced a man to three years imprisonment for torturing his wife for dowry.

9y ago

2 'outlaws' killed, Rab man shot in Tangail ‘gunfight’

Two outlaws of Purbo Banglar Communist Party are said to have been killed in a "gunfight" with Rab. Three members of the outfit have been captured in injured condition while an elite force member also shot during the battle.

9y ago

135m euro loan deal signed with EIB for railway development

The European Investment Bank (EIB), the European Union's long-term financing institution, has recently signed in Dhaka a loan agreement of 135 million euros with the government of Bangladesh to further improve the railways.

9y ago

PM for stern action against child abusers

Prime Minister Sheikh Hasina warns of stern actions against children repressors and killers.

9y ago

BNP seeks national unity to restore democracy

BNP acting secretary general Mirza Fakhrul Islam Alamgir today said forging a national unity will be the most essential task to restore democracy in the country.

9y ago