Current News

Bangladesh’s economy might fail to benefit from the government’s timely rollout of stimulus packages for cottage, small, medium and large industries as banks have lost the zeal to extend loans since interest subsidy was not paid out at the expected pace as initially thought. The unwelcome development came as banks …

Bangladesh’s single-month apparel export earnings from the United States topped the $1-billion mark for the first time in March as both export orders and unit prices witnessed a surge in the market. The export earnings almost doubled in March from the US compared with that of the same month of …

The National Board of Revenue (NBR) has asked its field offices to expedite the Value Added Tax (VAT) collection as the collection from the pocket is only 56.15 per cent in the first eight months of the current fiscal. In this connection, the revenue collecting authority asked for attaining the …

Bangladesh has received USD $2.09 billion in remittances in April, the highest amount in a single month of the current fiscal year. Bangladesh Bank (BB) published the updated information on Thursday (May5). According to the sector insiders, expatriates usually send more remittances to the country on the occasion of Eid …

Bangladesh Petroleum Exploration and Production Company Limited (Bapex) has taken speedy projects to explore oil from abandoned 21 wells, aimed at easing pressure on LNG imports from volatile global market. Under the initiative, it already found gas reserves at Kailashtila well no-7 abandoned well, said a top official at Bapex. …

The upcoming national budget for the 2022-23 fiscal year will put special focus on job creation as a tool for Covid-19 recovery while combining popular measures targeting the next elections. The Budget Monitoring and Resource Management Committee has primarily estimated the budget size at Tk 6,778.64 billion which is 15.4 …

Bangladesh is likely to get another $500 million worth of budget support from the Asian Development Bank (ADB) within this calendar year as the government has recently completed negotiations in this regard with the lender, officials said on Thursday. In the first tranche, they said, the Manila-based multilateral development bank …

CHATTOGRAM: The deep seaport being constructed by the Chittagong Port Authority (CPA) in Matarbari of Cox’s Bazar will turn into the most important export-import hub of the region in future, hopes Chairman of the CPA Rear Admiral M Shahajahan. Through operating mother vessels for the ports of the neighbouring countries, …

The Advanced Chemical Industries (ACI) has recently got approval from the US Food and Drug Administration (FDA) to export its product directly from Bangladesh to the United States of America. ACI Healthcare Ltd, one of the subsidiaries of ACI Ltd, obtained the FDA approval for its healthcare establishment at Tripordi …

Almost 1,400 IP address has been used by hackers of Russia and Ukraine to launch cyberattacks on each other. This revelation comes after a recent investigation conducted by Bangladesh Government’s e-Government Computer Incident Response Team (BGD e-GOV CIRT or BD CIRT). Ever since the conflict erupted, according to several media …