Real-Estate & Infrastructure

The government will reprioritise 1,800 projects currently being implemented in different sectors to reduce pressure on the central bank’s foreign exchange reserves and stymie volatility in the economy, said Planning Minister MA Mannan yesterday. All the projects are not equally important and there will be no problem if the implementation …

The government has set an inflation target of 5.5 per cent for the next fiscal year although the prices of basic commodities are sitting at elevated levels for higher commodities prices globally amid lingering supply chain disruptions and the Russia-Ukraine war. And economists say the goal for FY2022-23 might not …

The Matarbari deep-sea port will be connected by a train link with the port city and Dhaka as a new railway track will be set up leading to the Chattogram-Gumdum-Cox’s Bazar dual gauge double line. Sources said a 26-kilometre railway track will be set up under the Chattogram-Cox’s Bazar dual …

The Ministry of Land of Bangladesh has received this year’s World Summit on the Information Society (WSIS) award. Land Minister Saifuzzaman Chowdhury received the award at a programme organised by different United Nations agencies, including the International Telecommunication Union (ITU) at the Popov Conference Hall of ITU headquarters in Geneva, …

Finance Minister AHM Mustafa Kamal has said the upcoming national budget for the fiscal year 2022-23 will focus on economic recovery from uncertainties due to the Covid-19 impact and the Russia-Ukraine war. “We’ll try to bring dynamism to the economy,” he told reporters while briefing about the outcomes of the …

Remittance flows to Bangladesh declined 13.15 per cent year-on-year in May as higher rates of US dollars in the informal markets are prompting many migrant workers to shun formal channels, creating additional pressure on the country’s already heated foreign exchange market. The inflow stood at $1.88 billion last month compared …

Finance Minister AHM Mustafa Kamal today said that the government is trying hard to keep the impacts of the global economic situation on the common people at a minimum level through ensuring stabilization of economy and also maintaining growth. “We’re trying our best so that the country’s people are not …

Bangladesh has purchased LNG and fertiliser at lower prices from the international market compared to previous rates as prices of the two products fall on the international market. Such an indication was found from the government’s latest purchase of the two essential products. The approval of the Cabinet Committee on …

Bangladesh Bank (BB) has formed a Taka 2,000 crore refinance scheme to develop the country’s shipbuilding industry. Under the scheme, a customer can get a loan with 4.5 per cent interest rate, said a BB circular issued today. Customers can take loans as per their needs, based on the bank-customer …

The country’s health sector needs adequate allocation in the upcoming national budget as per the recommendation of WHO to ensure proper health services for all, say experts. “Bangladesh’s budgetary allocation for the health sector is lower than other countries. I demand at least 10 percent of the total budget for …