News

Bangladesh Power Development Board (BPDB) has renewed its power purchase agreement (PPA) with PowerPac Mutiara Keraniganj Power Plant Limited for its 100 MW rental plant in Keraniganj for next two years, reports UNB. FE The signing ceremony took place at the boardroom of BPDB, Biddut Bhaban in the capital on …

The number of tourists flocking to Kuakata Beach has fallen drastically since the middle of March, forcing hotel and motel owners to offer up to 50 per cent discounts on rents in a desperate bid to attract holidaymakers and cut losses. Motaleb Sharif, general secretary of the Kuakata Hotel-Motel Owners …

The fire at Bangabazar on Tuesday morning not only affected shop owners at the apparel shopping complex in Dhaka’s Gulistan, but also other players in the supply chain. For example, many traders accepted deferred payments for supplying goods to retail outlets at the market, much of which was razed by …

The deficit in Bangladesh’s financial account widened substantially in the first eight months of the ongoing fiscal year, in an indication that the current stress in the foreign exchange regime will continue in the coming months. Between July and February of 2022-23, the financial account of the balance of payments …

The country’s export earnings from goods during the July-March period of the current fiscal year (FY23) reached $41,721.62 million having an overall growth of 8.07 percent. The single-month export earnings in this March totaled $4,643.94 million, according to the latest statistics of the Export Promotion Bureau (EPB). The EPB data …

Law Minister Anisul Huq today said that the government is committed to make the best possible business-friendly rules and regulations. “Through alternative dispute resolution mechanism, we can get faster access to justice. Government is committed to make best possible business friendly rules and regulations. Arbitration Act 2001 may be revisited,” …

Inward remittance flow to Bangladesh witnessed a seven-month high in March as expatriate Bangladeshis sent a remarkable amount of greenback worth around $2.02 billion to their near and dear ones centring the upcoming holy Eid-ul-Fitr. Expatriates sent home $2.02 billion last month, the highest since September last year when $1.53 …

Businesses on Sunday said that the Arbitration Act should be reviewed for quick dispute settlement to promote ease of doing business so that foreign investors become confident to invest more in Bangladesh. At a seminar on revisiting Arbitration Act 2001 for promoting FDI in Bangladesh, arranged by the Dhaka Chamber …

The budget for the upcoming fiscal year of 2023-24 will not be over-ambitious considering the global economic crisis and instability, said Planning Minister MA Mannan. “Bangladesh’s economy is quite stable now but there is no scope to become complacent due to ongoing global geo-economic challenges.” He made the comments at …

The Bangladesh Bank has finally agreed to move away from the 9 per cent interest rate ceiling on loans and implement a market-based rate from July 1. Banks have been following the interest rate cap since April 2020 in line with the central bank’s instructions. Analysts have long been demanding …