Economy

Economy

Joypurhat Sugar Mill starts 62nd sugarcane crushing season

This time, the mill will be operated for 34 days

1h ago

Presence of oligarchic market power still a major challenge: Hossain Zillur Rahman

The sixth edition of the Banking Almanac launched today

2h ago

ICT trailblazers honoured

Five companies and two individuals were honoured this evening at the 9th BRAC Bank-The Daily Star ICT Awards in recognition of their exceptional contributions to the advancement of Bangladesh’s information and communication technology sector

21h ago

ICT trailblazers to be honoured at 9th BRAC-The Daily Star ICT Awards

Five companies and two individuals are expected to receive the awards in six categories at the 9th edition of the BRAC Bank-The Daily Star ICT Awards

1d ago

World Bank approves $1.16bn for three Bangladesh projects

The World Bank today approved three loans totalling $1.16 billion to help Bangladesh improve health services, boost water and sanitation services and achieve greener and climate-resilient development, it said in a statement.

1d ago

Panel formed to make tax expenditure policy

The National Board of Revenue (NBR) yesterday formed a nine-member committee to make a policy framework for tax expenditure.

1d ago

IMF sees brighter days for Bangladesh from FY26

The International Monetary Fund (IMF) yesterday said that the country's economic scenario may turn positive in fiscal year 2025-26 with the inflationary pressure easing and economic growth picking up.

1d ago

First Security Islami Bank: Almost 90pc of Tk 2,254cr loan to Sikder Group sours

As much as 89.3 percent of the credit extended by First Security Islami Bank, when controlled by the major Awami League beneficiary S Alam Group, to AL-affiliated Sikder Group by violating banking rules and regulations has become defaulted.

1d ago

Bangladesh will get fourth tranche of loan after IMF's executive board meeting

The meeting will be held in February next year

2d ago

ADB to give $600m for economic management

The Asian Development Bank (ADB) will extend a $600 million loan to Bangladesh to help the country strengthen its economic management and establish a transparent and accountable regulatory environment for private sector development.

2d ago

Govt to procure 50,000 tonnes of rice from India

The interim government of Bangladesh will procure 50,000 tonnes of rice from India to address the depletion of the country’s food stocks and thereby meet consumer demand for the cereal grain amid ongoing inflationary pressure..The rice will be used to supply state-sponsored food distributi

2d ago

IMF cuts Bangladesh growth forecast, warns of high inflation

The International Monetary Fund (IMF) has further cut Bangladesh’s growth forecast but kept its projection on inflation elevated for the current fiscal year.

2d ago

Beximco lays off 40,000 workers at 15 apparel units

The Beximco Group has laid off nearly 40,000 workers across its 15 apparel units, citing a lack of work orders for its export-oriented garment and textile factories in Dhaka’s outskirts of Gazipur.

2d ago

1,320MW Payra plant shut for maintenance, new unit tests

The Payra thermal power plant in Kalapara upazila of Patuakhali has halted production to conduct maintenance and facilitate the test commissioning of a neighbouring facility, according to officials of the 1,320-megawatt (MW) coal-fired power station.

2d ago

Indian rupee slips to lifetime low

The Indian rupee dropped to a record low on Wednesday, weighed by persistent demand for US dollars from importers and speculators ahead of the Federal Reserve’s policy decision.

2d ago

UK inflation hits 8-month high

British inflation hit an eight-month high in November, but the rise in services prices - watched closely by the Bank of England as an underlying measure of inflationary pressures - held steady, offering the central bank a little bit of relief.

2d ago

As bitcoin soars, luxury brands consider accepting crypto payments

Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors.

2d ago

BB to make exchange rate more flexible

The exchange rate of the taka and the US dollar is going to be turned more flexible in line with suggestions of International Monetary Fund (IMF), according to Bangladesh Bank.

2d ago