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Bangladesh recently discussed the possibility of cooperating with Australia to explore offshore gas and renewable energy sources as a part of the country’s effort to ensure energy security and address the challenges of climate change. The two countries also exchanged views on the Indo-Pacific considering the growing interest in the …

The government plans to increase the budget in the transport and communication sector by 14 per cent annually to make it cost-effective and efficient to ensure the socio-economic progress of the country. Total spending for this sector is projected at Tk 861.62 billion in FY24 while Tk 787.76 billion in …

Mapped in Bangladesh (MiB), a 5-year project has compiled and mapped some 3,630 export-oriented ready-made garment (RMG) factory data using the factory census method throughout Bangladesh. As of January 2022, it has mapped some 3,630 factories. MiB project is being implemented by the Centre for Entrepren-eurship Development (CED) of Brac …

The government is planning to boost the country’s export of leather and leather goods to US$ 12 billion by 2030, officials said. The time for fulfilling the target has been fixed between 2021 and 2030, and the timeframe would be coordinated with the export policy. The projection has been fixed …

The Bangladesh Bank yesterday appointed Md Habibur Rahman as its new chief economist. He is the first Bangladesh Bank official who has been appointed as the chief economist of the central bank. Rahman is the fifth chief economist of the central bank and Mustafa Kamal Mujeri was the first one. …

Mongla port, the country’s second biggest seaport, has made a strong comeback as it sees an increased arrival of ships, making it a major gateway for Bangladesh’s overseas trade once again. Officials and port users say the opening of the Padma bridge will give a further boost to the port. …

Bangladesh Bank yesterday ordered non-bank financial institutions (NBFIs) not to disburse loans using cheques of current accounts they have to maintain with the central bank. Bangladesh Financial Intelligence Unit (BFIU) and Anti-Corruption Commission (ACC) had discovered that the cheques were used in some of the major scams perpetrated in the …

Stocks ended flat for the second consecutive day yesterday as investors kept maintaining their wait-and-see approach amid higher infections of Covid-19. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), edged up 3 points, or 0.05 per cent, to 7,089 at the end of the day. On the …

Stocks posted a marginal gain at opening on Sunday as investors showed their buying interest on sector-wise issues cautiously ahead of December-end earnings and dividend declarations. Following the previous week’s gain, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 2.56 points or 0.03 per cent …

The spending of money is going to be the biggest challenge for the government in implementing the current fiscal year’s budget as only 25 percent of the hefty budget outlay has been spent in the first six months. The government announced a whopping Tk 6.04 trillion budget for 2021-22 financial …