About $18 billion to $20 billion was laundered abroad during the Awami League regime, said Bangladesh Bank Governor Ahsan H Mansur yesterday.
Sri Lanka’s leftist government said Tuesday it was selling a failed hotel project, marking its first privatisation move in line with an IMF bailout.
The world’s poorest nations face a “tidal wave of debt” as repayments to China hit record highs in 2025, an Australian think-tank warned in a new report Tuesday.
Chief Adviser Prof Muhammad Yunus has called for the rapid development of key infrastructure in the Matarbari region to transform the coastal zone into Bangladesh’s premier manufacturing and export-oriented free trade hub.
The announcement of steep tariff hikes by the United States under its new trade posture—currently on a 90-day pause—has sent ripples across global markets. For Bangladesh, the stakes are especially high. The readymade garment (RMG) sector, which accounts for more than 84 percent of national export earnings and employs over four million workers, faces a new wave of uncertainty. Since the US is Bangladesh’s single largest RMG export destination, purchasing over $6.8 billion worth of apparel in fiscal year 2023-24, the proposed tariff regime poses real challenges.
The Bangladesh Telecommunication Regulatory Commission (BTRC) has decided to reduce the maximum number of SIM cards a user can register under their name from 15 to 10.
The Bangladesh Bank (BB) is preparing to roll out a large-scale merger initiative involving financially weak banks and non-bank financial institutions (NBFIs) under the Bank Resolution Ordinance.
Gas supply to industries increased in the first four months of the current year, and the supply of this key energy source to factories will increase further from today, said state-run Petrobangla.
Net foreign direct investment (FDI) in Bangladesh plunged to a five-year low in 2024, according to provisional figures released by Bangladesh Bank, raising concerns over investor confidence amid growing economic headwinds and policy uncertainties.
Just five days after issuing a gazette notification imposing export fees on raw jute and jute products, the government has withdrawn the order to review the decision, following strong concerns from industry stakeholders over what they described as an excessive hike.
With the central bank halting direct financing by printing new notes, the government also has no option but to turn to commercial banks to meet its fiscal needs.
Held meeting with officials of foreign companies, introduced dedicated emergency contact line
In addition, 40 percent of the surveyed companies reported facing problems while adjusting their tax refunds.
The private lender said its profit grew 18 percent year-on-year to Tk 279.59 crore in 2024
This includes allowing more duty-free imports from the US, offering warehouse facilities for American cotton and removing various non-tariff barriers.
Turnover, a key indicator of market activity, stood at Tk 126.95 crore during the session
CPD estimated that around 50 percent of this amount has been lost to corporate tax evasion.
