Talks between the International Monetary Fund (IMF) and Bangladesh have ended in Washington, without any agreement over the release of the next fourth and fifth tranches of a $4.7 billion loan package.
The vehicle market in Bangladesh contracted to a 10-year low in 2024 as imports and sales declined sharply due to rising costs, foreign exchange constraints, and people’s falling purchasing power, according to industry people.
Concerns are increasingly being voiced over the Chattogram port’s largest terminal, New Mooring Container Terminal (NCT), being leased out to a foreign operator, as the interim government furthers the initiative undertaken by the previous Awami League government.
While Islamic banking is expanding despite the governance problems of some lenders led by the controversial S Alam Group, Bangladesh Bank Governor Ahsan H Mansur recently signalled that the government may create two Islamic banks by merging all existing ones.
Bangladesh may face political uncertainty and sluggish private investment unless the parliamentary election takes place within the promised timeframe, a leading economist warned yesterday.
In a rapidly evolving South Asian trade landscape, HBL Bangladesh (Habib Bank) is carving out a bold and purposeful role for itself – not as a competitor in traditional banking, but as a connector of economies and an enabler of regional trade.
Developing countries should strike swift trade deals with the United States at the “earliest possible” opportunity, the president of the World Bank told AFP Friday, after a busy week with global financial leaders in Washington.
The World Bank recently urged Bangladesh to implement a comprehensive set of reforms to restore confidence in our financial system, which has been weakened by poor governance, political interference and related lending.
The United States and European Union need to “de-escalate” and “negotiate a deal” to help boost lackluster growth on the continent, the International Monetary Fund’s Europe director said Friday.
In the BGMEA election, two panels — the Forum and Sammilito Parishad — are contesting
However, the unit price of apparel exports declined by 1.46 percent during the period
Global policymakers gathering in Washington this week breathed a collective sigh of relief that the US-centric economic order that prevailed for the past 80 years was not collapsing just yet despite Donald Trump's inward-looking approach..The Spring Meetings of the International Monetary F
They made the demands at a view-exchanging meeting organised by the Dhaka Chamber of Commerce and Industry (DCCI) in Dhaka today, according to a press release.
A major part of BARVIDA’s proposals for the upcoming 2025–26 national budget is the reduction of SDs on hybrid vehicles.
Earnings per share declined to Tk 4.69 from Tk 9.91, according to the company’s financial statements.
Bangladesh’s interim government has moved to restructure the country’s tax system by creating two new divisions under the Ministry of Finance, a move aligned with recommendations from the International Monetary Fund.
The stock market extended its losing streak for a ninth consecutive session yesterday, dragging the benchmark index of the Dhaka Stock Exchange (DSE) to a six-month low.
President Xi Jinping said China must “overcome” the challenges of developing core AI technologies including high-end chips, state media reported yesterday, as Beijing seeks to become a world leader in the rapidly developing industry.
The International Monetary Fund announced Friday it had reached agreement on a loan program review with Sri Lanka which will make around $344 million available to support the country’s economic reforms.
In a chair's statement, the IMF's steering committee also reaffirmed prior foreign exchange commitments and voiced support for a realignment of quotas, or shareholding, that better reflects countries' positions in the global economy.
Respondents cited "changes in government spending priorities and the extent of US international engagement" as driving uncertainty.
The Bank has been advising developing countries to focus attention on cutting trade barriers and boosting regional flows of goods
"China and the US are NOT having any consultation or negotiation on #tariffs," China shot back in a foreign ministry statement posted by the Chinese Embassy in the US.
Local operator Saif Powertec Ltd is currently operating the port's New Mooring Container Terminal
But in Vietnam's northern industrial Bac Ninh province, Chinese businesses that AFP interviewed -- most of whom are linked to the export supply chain -- said investors were hesitating and anxiety was widespread.
Singer Bangladesh Limited has declared a 10 percent cash dividend for the year 2024..The announcement was made during the company’s 45th annual general meeting (AGM), held virtually yesterday, according to a press release..Can Dincer, director of the company, presided over the meetin
Guardian Life Insurance Limited has settled insurance claims amounting to approximately Tk 129 crore during the first quarter (Q1) of 2025..According to a press release, of the total settlement, death insurance claims accounted for Tk 77 crore, health-related claims totalled Tk 39 crore, w
Prime Bank Investment Limited (PBIL) has entered into a memorandum of understanding (MoU) with EDGE Research & Consulting Limited (EDGE), an investment research and advisory firm, to deliver comprehensive investment banking services to a broad spectrum of institutional clients..The agreeme
Shanta Holdings recently organised an event titled “Meet the Owners” at Shwapnoneer, the real estate company’s inaugural project in Bashundhara..The event offered clients their first post-handover glimpse into the elevated lifestyle that awaits within this luxurious and contemporary reside
Castrol, one of the world’s leading lubricant brands, has appointed Rock Energy Limited as its exclusive distributor for the automotive aftermarket in Bangladesh, aimed at expanding Castrol’s footprint and enhancing the accessibility of its products to consumers nationwide..This strategic
Mutual Trust Bank PLC (MTB) has recently achieved a significant milestone, amassing over Tk 100 crore through fixed deposit (FD) and deposit pension scheme (DPS) accounts via its digital banking platform, MTB Neo..As of March 2025, MTB Neo reported a staggering 668,000+ transactions, culmi
UCB Investment Limited (UCBIL) has been recognised in three categories at the FinanceAsia Awards 2025, securing accolades for Best DCM House, Best ECM House, and Best Investment Bank..This marks the third consecutive year that UCBIL has earned these distinctions, reaffirming its status as
MTB Capital Limited, a subsidiary of Mutual Trust Bank PLC, has appointed Sumit Podder as chief executive officer (current charge), according to a press release..Prior to assuming his new role, Podder served at Bangladesh Finance Capital Limited as managing director and CEO..Over the
Watch to find out more in today's episode of Star Explains with Ahsan
In recent years, treasury bills and bond interest rates have exceeded those of savings certificates
When prices of widely consumed staples like potatoes, edible oil, sugar or onions spike and remain inflated for extended periods, it understandably hits the poor and low-income people where it hurts the most: in their wallet.
Migrant Bangladeshis sent home $2.39 billion in October
The price of potatoes has begun an upward climb in the market
A major part of BARVIDA’s proposals for the upcoming 2025–26 national budget is the reduction of SDs on hybrid vehicles.
In a chair's statement, the IMF's steering committee also reaffirmed prior foreign exchange commitments and voiced support for a realignment of quotas, or shareholding, that better reflects countries' positions in the global economy.
Respondents cited "changes in government spending priorities and the extent of US international engagement" as driving uncertainty.
The Bank has been advising developing countries to focus attention on cutting trade barriers and boosting regional flows of goods
"China and the US are NOT having any consultation or negotiation on #tariffs," China shot back in a foreign ministry statement posted by the Chinese Embassy in the US.
Traditional shipbreaking yards in Sitakunda continue to operate in unsafe conditions, causing serious concerns about both worker safety and hazardous waste management.
Bangladesh began the green transition in 2017, when PHP Ship Recycling Yard became the first entity in the country to receive international green certification.
Earnings per share declined to Tk 4.69 from Tk 9.91, according to the company’s financial statements.
Bangladesh’s interim government has moved to restructure the country’s tax system by creating two new divisions under the Ministry of Finance, a move aligned with recommendations from the International Monetary Fund.
The stock market extended its losing streak for a ninth consecutive session yesterday, dragging the benchmark index of the Dhaka Stock Exchange (DSE) to a six-month low.
