News

Finance Minister AHM Mustafa Kamal today informed that the budget of the upcoming fiscal year (FY23) would be placed in parliament on June 9. The minister said this in a press briefing after a meeting of the Cabinet Committee of Government Purchase (CCGP). The initial size of the budget is …

Finance Minister AHM Mustafa Kamal has said that import of luxury goods will be controlled as part of tightening the belt. “But import of non-essential commodities will be controlled in public or private sector”, he said while briefing reporters after the two consecutive meetings of the Cabinet Committee on Economic …

Flashfloods caused by hilly surge from the upstream rivers have submerged over crops on 9,400 hector of land in the haor areas so far, officials said. Several districts in the haor region including Sylhet, Sunamganj, Kishoreganj and Netrakona have been affected by flash floods in the last three weeks due …

Stocks opened higher on Thursday as investors kept their buying interest on major sector issues riding on the regulator’s latest steps. Following the previous two days’ rise, the market opened marginally higher and the DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 7.69 points or …

Bangladesh’s capacity to pay import bills has deteriorated at an alarming rate amid the fall of the country’s foreign exchange reserve in recent months against an unusual surge in imports. The country’s foreign exchange reserve exceeded $48 billion in August 2021, but the treasure dipped by nearly $4 billion to …

Bangladesh Bank yesterday asked banks to track shipments of goods which are exported with a view to tackling trade-based money laundering. Banks have to hire third parties with experience in operating the tracking system on vessels laden with exports, according to a Bangladesh Bank notice. The central bank will allow …

Jute mill workers of Khulna today demonstrated, demanding reopening of state-owned closed jute mills and payment of all arrears. The demonstration was held under the banner of Sramik-krishak-chhatra-janata Oikya around 11 am in Shiv Bari area of Khulna, reports our local correspondent. A few hundred jute mill workers, civil society …

While salt production has been growing steadily over the years, the farmers in the coastal districts of Chattogram and Cox’s Bazar are apprehensive over whether their meagre profits would get any better. Their primary concern is the presence of middlemen or brokers who purchase crude salt from them and then …

Bangladesh Bank (BB) has asked all non-bank financial institutions (NBFIs) to fix maximum 7 percent interest rate on deposit and maximum 9 percent interest rate on loan. The instruction will come into effect from July 1 this year, according to a BB circular issued today. Some NBFIs have recently offered …

Commerce Minister Tipu Munshi has underscored the need for working closely of both public and private sectors to meet the challenges of Bangladesh’s graduation from the least developed country (LDC) status. “Bangladesh will graduate to a middle-income country in 2026. It is good news for all of us but also …