Current News

The flow of inward remittances dropped further in October after money transfers through informal channels such as hundi resurfaced after a lull caused by the coronavirus pandemic. The money sent home by Bangladeshis working abroad amounted to $1.65 billion in October 2021, down by $79 million from the previous month’s …

IMF chief Kristalina Georgieva on Sunday urged world leaders gathered at the COP26 summit in Glasgow to show greater policy ambition, calling climate change a “grave threat to macroeconomic and financial stability.” Georgieva published a blog post titled “Climate Threat Demands More Ambitious Global Action” before heading to Glasgow, where …

The government is going to honour 30 firms with the Green Factory Award for their outstanding contribution to saving the environment and creating jobs. The awards will be given in six categories to green factories in recognition of their efforts to keep carbon emissions low, tackle global warming and address …

The economic growth rates posted in recent years were revised downwards but the size of the economy expanded thanks to a new base year adopted by the Bangladesh Bureau of Statistics (BBS). For example, Bangladesh’s gross domestic product (GDP) grew at a pace of 8.15 per cent in fiscal 2018-19, …

Foreign companies that took part in the Bangladesh Trade and Investment Summit 2021 have shown interest to invest $1.16 billion in the country, according to the organisers of the event, which concluded on Sunday. “We received expressions of interest for foreign investment, particularly in the infrastructure sector, which we will …

The government will procure three lakh metric tonnes of paddy and five lakh tonnes of rice from local markets during the ongoing Aman season. The decision was taken on Sunday at a virtual meeting of the Food Planning and Monitoring Committee Unit (FPMCU) with Food Minister Sadhan Chandra Majumder in …

NBR publishes the Income Tax Act 2022 draft law in Bangla for the first time in 100 years The National Board of Revenue (NBR) has for the first time published the draft of ‘Income Tax Act 2022’ in Bangla by simplifying the Income Tax Ordinance with some amendments. According to …

The commerce ministry has written to the Criminal Investigation Department (CID) to defreeze the accounts to return Tk 214 crore that got stuck in payment gateways due to e-commerce companies’ failure to deliver products against the payments. AHM Shafiquzzaman, additional secretary to the commerce ministry and chief of Digital Commerce …

Stocks opened marginally higher on Monday as bargain hunters were showing their buying interest on sector-wise issues based on the largest corporate declarations. Following the previous day’s sharp decline, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 8.45 points or 0.12 per cent to stand …

Edible oil imports are facing disruption as importers are failing to unload goods at the Chattogram Port on time because of a jetty shortage after facilities were diverted to facilitate fuel imports. The disruption, which has inflicted demurrages on the edible oil importers, may worsen the situation in the already …