– 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
Economy News Desk: Bangladesh received US dollar of 125 crore 70 thousand inward remittance in the first 20 days of October, the fourth month of the 2023-2024 fiscal year. The latest data of... Read more
World Bank Country Director for Bangladesh and Bhutan Abdoulaye Seck on Thursday said inflation in Bangladesh is likely to remain elevated in the near term and gradually subside, as import p... Read more
Staff Correspondent: The country’s foreign exchange reserve has now declined further to nearly $23.70 billion in line with the International Monetary Fund (IMF)-set standard, according to Ba... Read more
Bangladesh News Desk: Sri Lanka has paid back Bangladesh $50 million of loans, which is one fourth of the $200 million given by Dhaka in 2021. Confirming the matter, spokesperson and executi... Read more
UNB: Asian Development Bank (ADB) is providing a loan of USD $490 million to implement two projects in Bangladesh. The Economic Relation Division (ERD) and ADB on Monday signed two separate... Read more
Foreign aid commitments increased by about 7.23% in FY23 Saifuddin Saif, Dhaka: The year-on-year disbursements of foreign loans from development partners have decreased by 7.4% in the 2022-2... Read more
Gulf Cooperation Council (GCC) Jasem Al-Budaiwi has appreciated the socio-economic growth of Bangladesh attained over the last one decade under prudent leadership of Prime Minister Sheikh Ha... Read more
UNB: The National Board of Revenue (NBR) ended the fiscal year 2022-23 with a revenue shortfall of Tk 44000 crore, despite revenue generation growth by 8.12 percent compared to the previous... Read more