Economy

Economy

Proposed budget disconnected from the government’s broader reform agenda: Citizen’s Platform for SDGs

The paper highlighted that the budget overlooked the provisional estimates from BBS

1h ago

NCC Bank director to sell 1.11 crore shares

Sohela Hossain, a sponsor director of National Credit and Commerce Bank PLC (NCC Bank), has expressed her intention to sell 1.11 crore shares from her holding of 3.57 crore shares.

8h ago

No immediate fuel price hike

The government will not immediately increase fuel prices, even if oil prices rise in the international market due to the Israel-Iran conflict, said Finance Adviser Salehuddin Ahmed yesterday.

8h ago

Google Pay to launch in Bangladesh next week

Google Pay is set to be launched in Bangladesh by the middle of next week, ushering in a new era of seamless digital transactions for consumers.

8h ago

Dreamliner fleet: Biman begins precautionary inspection

Biman Bangladesh Airlines has initiated a series of precautionary inspections across its entire Boeing Dreamliner fleet to ensure safety and operational integrity.

10h ago

Ten banks hold 71% of total bad loans

Just ten banks, both state-owned and private, account for 71 percent of all non-performing loans (NPLs) in the country’s banking sector.

12h ago

Idra opens special audits into 15 life insurers

The Insurance Development and Regulatory Authority (Idra) has appointed audit firms to carry out special audits of 15 life insurance companies for the 2022-2024 period to uncover possible irregularities as claim settlements continued to mount.

12h ago

Distressed asset law in the making to tackle NPLs

The interim government is formulating a distressed asset management ordinance that could pave the way for a state-owned corporation to buy and trade troubled assets from banks and non-bank financial institutions (NBFIs).

12h ago

Govt sets benchmark power tariff for coal-fired plants

The government has fixed the power tariff at Tk 8.45 ($0.766) per kilowatt-hour for the coal-fired Matarbari 1,200MW Ultra Super Critical Power Plant. 

1m ago

BBS to launch quarterly index for service sector growth

The Bangladesh Bureau of Statistics (BBS) is set to introduce a Quarterly Index of Service Production in a bid to measure the short-term growth of Bangladesh’s service sector—now the dominant contributor to GDP.

1m ago

Fix internal problems hurting factories

The readymade garment (RMG) sector is grappling with a range of internal challenges, including rising interest rates, soaring energy costs, and unreliable gas and electricity supplies, all of which are taking a heavy toll on productivity and profitability.

1m ago

Tax officials protest at NBR headquarters over draft revenue law

Several hundred tax and customs officials staged a demonstration at the National Board of Revenue (NBR) headquarters in Dhaka today, demanding revisions to a draft ordinance that proposes dividing the board into two separate divisions and allowing top appointments from outside the revenue cadre.

1m ago

Banglalink raises data, voice and bundle volumes by up to 25%

Banglalink has launched a new range of data packages, increasing the volume of data, voice minutes, and bundle allocations by up to 25 percent..Customers can now get 20 percent more data, 22 percent more voice minutes, and expanded bundle volumes under the updated plans, the third-largest

1m ago

BSEC promotes orange bond to improve women’s access to finance

The Bangladesh Securities and Exchange Commission (BSEC) promotes orange bonds to provide women entrepreneurs, especially those in rural areas, an easy financing solution, remove gender bias, and improve women’s living standards, said its officials yesterday.. They were addressing a worksh

1m ago

Stocks decline for second consecutive day 

Turnover, an important indicator of market activity, plunged 35 percent to Tk 291.07 crore

1m ago

Lovello directors to buy shares worth Tk 1.63cr

Two directors of Taufika Foods and Lovello Ice-cream have announced plans to purchase shares worth around Tk 1.63 crore from the public market through the Dhaka Stock Exchange (DSE) by April 30 this year.

1m ago

NBR targets 10.5% tax-GDP ratio by FY35 amid IMF push

The National Board of Revenue (NBR) has set a target to raise Bangladesh’s tax-to-GDP ratio to 10.5 percent by the fiscal year 2034-35, as part of its newly formulated 10-year revenue strategy, according to official documents.

1m ago

Jamuna Oil’s profit jumps 56% in Q3

Jamuna Oil Company’s profit rose in the third quarter of fiscal year (FY) 2024-25 due to higher sales and interest income from deposits.

1m ago