Dhaka July 22, 2025, 1:53 am
Digital banks could be pivotal in empowering community-based economies by providing collateral-free loans to small businesses—something that traditional banks often shy away from
The core objective behind the advent of such social security schemes worldwide is to establish a "welfare state," and the Bangladesh government can be thanked for this bold initiative
The concerning situation comes amid a reluctance on the part of jute millers to purchase the golden fibre, further exacerbating the crisis for farmers who have reported good harvests but poor financial returns
World Bank Country Director for Bangladesh Abdoulaye Seck came up with such observations at the 3rd Quarterly Luncheon Meeting of 2023 of the Metropolitan Chamber of Commerce and Industry, Dhaka at its Gulshan office
A report of ADB released on Thursday claimed the incidence of bribe requests in Bangladesh is less than in India and Pakistan
Twenty-two countries have formally approached BRICS countries to become full members. There's an equal number of countries that have been informally asking about becoming BRICS members
Items on the list of restrictions include commodities such as wheat, rice, vegetable oil, pulses, and onions, among others
Sri Lanka has paid back Bangladesh $50 million of loans, which is one fourth of the $200 million given by Dhaka in 2021
The AEM meeting endorsed a study on the Asean Digital Economy Framework Agreement (DEFA), paving the way for the 10 member countries to start negotiation on the pact
Sharifa Khan, Secretary, ERD, Ministry of Finance, and Edimon Ginting, Country Director (Bangladesh Resident Mission) of ADB signed the loan agreement on behalf of their respective side
Once all the plants are retired, it will save the government around Tk 2,250 crore per year
Foreign loans, once considered cheap, have now become a headache for the private sector due to an unprecedented slump in the taka’s value against the US dollar along with a jump in interest rates
Russia and Ukraine have long been the major sources of low-cost wheat imports for Bangladesh
The mega projects are the outcome of the government's bold steps
The amount of the disbursement is EUR 44.875 million (around BDT 525 crore) with the aim of advancing the country’s education reforms, in line with national and international commitments
As of current reports, the airline owes a staggering Tk 56 billion, including an original due of Tk 10.02 billion, and has failed to make the monthly payments it had promised since January 2022
The country has been grappling with an acute dollar shortage since the outbreak of the Russia-Ukraine war, leading to high import bills and rapidly depleting foreign currency reserves
Economists are viewing this rise in VAT collections as a positive trend for the economy, since the tax corresponds to common people's consumption
Finance Minister AHM Mustafa Kamal presided over the meeting
The Department of Social Welfare and the non-government organization Nari Unnayan Forum will collaborate to implement the scheme
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