Dhaka Office: Before being ousted amid the mass uprising led by the anti-discrimination student movement, the Sheikh Hasina government left behind foreign loans amounting to 10 trillion taka... Read more
– Bihar’s relative position has stabilized in the last two decades, it remains significantly behind other states and requires much faster growth to catch up, notes the paper. GBT... Read more
Economy News Desk: The World Bank has announced to provide about 1 billion dollars in loan assistance to Bangladesh for financial sector reform. Bangladesh Bank Executive Director and Spokes... Read more
Dhaka Office: Bangladesh received the highest amount of remittance in the 2023-24 fiscal, coming from what had been the third place in the previous fiscal, according to the latest data from... Read more
– Bangladeshi expatriates have sent about $1.65 billion as remittances in the first 14 days of this month ahead of Eid-ul-Adha. Dhaka Office: Bangladesh’s foreign exchange reserv... Read more
TBS/GBT: The Bangladesh Petroleum Corporation (BPC) is expecting a loss of more than Tk500 crore due to higher fuel oil import costs and lower sales prices caused by the massive increase in... Read more
Dhaka, Bangladesh:To mitigate fiscal risks, the Bangladesh government has adopted several strategies, including risk transfer and reduction, the creation of fiscal buffers, and diversificati... Read more
Bangladesh News Desk: The target has been revised under a staff-level agreement between the international lender and Bangladesh authorities on the policies needed to complete the second revi... Read more
– Budget likely to be Tk 7,96,900cr Budget FY 23-24 Dhaka Office: The government plans to design a Tk 7,96,900 crore outlay in the new budget with a focus on tight spending policy as e... Read more
Jahangir Shah, Dhaka: The government has planned to sign loan agreements of Tk 1000 billion with development partners including the World Bank, the Asian Development Bank and Japan. The gove... Read more
– Inward remittances from UAE jump BSS/GBT: Expatriate Bangladeshis sent around US$ 2.16 billion in remittances during the month of February which is the highest in the past eight mont... Read more
Dhaka Office: The expatriate Bangladeshis sent remittances of around $201.01 crore (equivalent to about Tk 22,110 crore) in January, the seventh month of the current fiscal year 2023-24. The... Read more
Sakhawat Prince, Jebun Nesa Alo: Bankers and economists point to the absence of specific policies, robust insurance companies, reliable asset managers, independent rating agencies, and conce... Read more
Bangladesh News Desk: The interest rate of treasury bills in Bangladesh has spiked in recent months, indicating that the lending rates will rise further in the days ahead. The yield of treas... Read more
While the combined foreign loan of low- and middle-income countries worldwide saw a decline of 3.4% last year, Bangladesh’s loan surged by more than 6.5%. At the same time, over the course o... Read more
The United Arab Emirates has become the highest source of remittance for Bangladesh during the first five months of the current fiscal year. The Bangladeshi expatriates in different countrie... Read more
Importers open LCs at a maximum rate of Tk128 Dhaka office: The dollar rate for remittance surged to Tk123, defying all efforts to control it, just one day after the official rate was reduce... Read more
Economy News: Bangladesh’s foreign exchange reserves have stood at $19.6 billion in the calculation of the IMF method. Bangladesh Bank (BB) released the data on its website on Thursday... Read more
Rakib Hasan, Dhaka: Bangladesh’s direct tax expenditure is higher than other South Asian countries’ average direct tax expenditure and it is also higher than that of other lower income count... Read more
Staff Correspondent, Dhaka: The central bank’s foreign currency reserves are dwindling, with a significant decrease of 60 million dollars within a week. As a result, the reserve now st... Read more
