Economy

Economy

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

17h 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

21h 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

CPA to extend deal with Saif Powertec to operate New Mooring terminal

Chittagong Port Authority (CPA) has opted to extend its deal with Saif Powertec Limited, allowing the company to operate its New Mooring Container Terminal (NCT) under direct procurement, as the process of floating an open tender to this end is facing delays..The agreement with the firm is

1d ago

IMF pushes for more reforms to unlock additional $750m

The International Monetary Fund (IMF) has proposed more reforms, including the separation of tax administration and tax policy and greater exchange rate flexibility, as conditions for an additional $750 million loan to Bangladesh.

1d ago

Past glory, future worry

Years ago, Karim, a skilled fisherman, had a secret trick to catch fish. He would quietly tap the water three times, toss some crumbs, and wait. Like magic, the fish always came.

1d ago

Deposits in full-fledged Islamic banks fall

Savers are increasingly parking their funds at Islamic banking branches and windows of commercial banks in Bangladesh in a move away from full-fledged Shariah based banks, which were mired by irregularities during the tenure of previous government ousted in August this year.

1d ago

Domestic tourism heats up this winter

If you call your friends and relatives, you may find that some are off in the hills of Sajek valley of Rangamati or the sandy beaches of Cox’s Bazar and other tourist hotspots across Bangladesh.

1d ago

Padma Bank seeks Tk 1,300cr bailout

Problem-ridden Padma Bank has applied to the Bangladesh Bank for Tk 1,300 crore in liquidity support to mitigate its crisis and strengthen its ability to repay depositors.

1d ago

Domestic tourism heats up this winter

The local tourism industry was suffering from apprehension over the loss of business amid a long recession stemming from mass unrest, which began in July

1d ago

No tax on Dec 21 concert for martyrs of Jul-Aug uprising: NBR

A platform named Spirits of July will organise the concert in Dhaka’s Army Stadium

1d ago

Poultry association cancels decision to halt production

They backtracked from the decision after the government promised to address their 10-point demand

1d ago

REHAB’s housing fair begins Dec 23

The five-day exhibition will be organised at Bangabandhu International Conference Centre

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