Economy

Economy

IMF’s two tranches to be placed to board on June 23

The proposal to release the third and fourth tranches of the International Monetary Fund’s $4.7 billion loan is set to be presented to the multilateral lender’s board on June 23 after the government fulfilled all prior conditions.

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Govt to amend insurance law, limiting family ownership

The government has taken the initiative to amend the insurance law, aiming to give the regulator greater authority to dissolve and restructure the boards of insurers, limit family ownership concentration, and impose hefty fines for breaking the rules.

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Bangladesh to get $250m from WB

The World Bank (WB) has approved $250 million in financing to support Bangladesh in enhancing transparency, accountability, and efficiency across key government institutions.

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BB aims to raise $100m to recover laundered assets

Bangladesh Bank (BB) Governor Ahsan H Mansur aims to raise $100 million from global litigation funders to finance asset recovery from business and political figures tied to the regime of ousted prime minister Sheikh Hasina by 2025.

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Over 75% of April remittance went to Dhaka, Ctg

Dhaka and Chattogram divisions received over three quarters of the remittance sent by Bangladeshis living abroad in April this year, while six other divisions accounted for 27 percent of the total.

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How frequent policy shifts deter firms from going public

If a company gets listed, it will enjoy tax benefits, and this is one of the major incentives for them to go public.

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Mahmud new BGMEA president

Mahmud Hasan Khan has been elected president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) unopposed, as the election board did not find any other candidate.

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Budget falls short on raising industrial competitiveness

The government must prioritise boosting the competitiveness of all industries if it wants to create more jobs, capture a bigger share of global markets, and strengthen the economy.

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China holds off on new stimulus, shows composure in US trade war

China has advanced this year’s stimulus plans but is holding off on fresh measures as it tries to maintain composure, betting on Washington blinking first in a protracted trade war.

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FDI scenario in Bangladesh

Bangladesh has struggled for decades to attract foreign direct investment (FDI). Occasionally, promising prospects emerged, only to fade away for various reasons. For a country with no significant mineral resources and a large population of unskilled and semi-skilled workers facing high unemployment, FDI is vital.

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Beximco Pharma seeks more time to publish Q3 financials

Beximco Pharmaceuticals Ltd informed the London Stock Exchange yesterday that it has requested the Bangladesh Securities and Exchange Commission (BSEC) for more time to submit and publish its financial statements for the period from July 2024 to March 2025.

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Bangladesh, Pakistan RMG exporters keen to boost trade

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) yesterday signed a memorandum of understanding (MoU) to strengthen bilateral trade between the two countries.

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Small machinery tailored for farmers can boost output: experts

Small agricultural machines tailored for Bangladesh’s smallholder farmers could drive a new wave of cost-efficient productivity and rural prosperity, experts said at a seminar yesterday.

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No margin loan for power sector

The taskforce for capital market reforms has suggested excluding power plants from the list of marginable securities as their nature of having fixed tenures makes them more aligned with bonds..The taskforce submitted its final proposals to the Bangladesh Securities and Exchange Commission

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Beximco Pharma seeks more time to publish Q3 financials

The company made the request as the BSEC’s proposed appointment of nine additional independent non-executive directors to its board remains pending before the High Court of Bangladesh

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Narrowing gender gap an economic necessity, speakers say

Narrowing the gender gap is not only a social imperative but also an economic necessity, as changing mindsets and increasing women's participation could boost the country’s GDP, speakers said at a seminar yesterday..“Women’s empowerment remains central to building a prosperous future,” sai

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Jamuna Oil’s profit jumps 56% in Q3

The company’s earnings per share (EPS) stood at Tk 12.73 for January-March 2025

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Stocks fall after brief recovery

The DSEX dropped 42.67 points to close at 4,952.79.

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