Remittance hit by low oil price
Inward remittances fell 7.75 percent year-on-year to $1.19 billion in April as low oil prices continue to erode the incomes of the countries that host most of the Bangladeshi migrant workers.
4 May 2016
Muhith calls for national food plan
Finance Minister AMA Muhith has urged the food and agriculture ministries to prepare a coordinated National Food Plan with the view to ensuring food security for all.
2 May 2016
New team to probe if BB employees have links to cyber heist
The government probe panel has appointed a three-member consultant team to find out if any Bangladesh Bank official was involved in the $101 million cyber heist in February that sent shockwaves in the banking world.
2 May 2016
Foreign aid policy in the works
The finance ministry is set to formulate a foreign assistance policy that will make the government, development
28 April 2016
Open bidding to save BPC Tk 100cr on oil imports
Bangladesh Petroleum Corporation will save 41-66 percent for importing two petroleum products under open tender
21 April 2016
Target Trans-Asian Railway linkage
The government has revised a project to lay a 129-km rail track from Dohazari to Gundum near Myanmar border via Cox's Bazar at a cost of Tk 18,034 crore.
19 April 2016
BPC to import 1.3cr barrels of oil under open tender
Bangladesh Petroleum Corporation is set to import 1.3 crore barrels of petroleum products from two Singapore-based entities, a move which will save the government $1 per barrel.
18 April 2016
Bangladesh govt to turn its bidding system fully online by year-end
The government is going to scrap the traditional tender floating system and introduce a full-fledged online tendering method for all public purchases from December, say planning ministry officials.
18 April 2016
Trade deficit narrows as imports slow
Trade deficit narrowed 0.25 percent in the first eight months of the fiscal year on the back of slow import growth.
16 April 2016
Taskforce formed to retrieve BB's stolen funds
The government yesterday formed a seven-member taskforce headed by the banking secretary to bring back the $81 million funds stolen from Bangladesh Bank's account with the New York Federal Reserve.
13 April 2016
Fuel prices may see cuts by 15-25pc
The government plans to slash the prices of diesel, kerosene, octane and petrol by 15 to 25 percent to allow the economy to benefit from the slump in oil prices in global markets, officials said.
11 April 2016
Govt spots challenges to higher economic growth
Slow implementation of development projects, low investment and sluggish growth of revenue are the three major challenges the government faces in steering the economy to a higher growth trajectory.
10 April 2016
Banks' profits rise 32pc on a slide in default loans
The banking sector's net profit increased 32 percent year-on-year to Tk 7,918 crore in 2015 on the back of a decline in default loans.
9 April 2016
Private consumption falls as remittance slows
The private consumption to GDP ratio fell 2.23 percentage points in the current fiscal year, mainly due to a decline in inward
7 April 2016
Private investment sees first fall in three years
Private investment has declined this fiscal year, a development which does not bode well for the economy even though GDP growth is
6 April 2016
7pc growth first time in 9 years
Bangladesh's gross domestic product (GDP) growth would exceed the 7 percent mark in the current fiscal year, according to provisional
5 April 2016
Govt sets new rules for fuel import
The energy ministry has for the first time prepared a policy for petroleum import to make the process transparent.
2 April 2016
Chinese company gets $3.33b deal
China will construct a rail route between Dhaka and Jessore through the Padma bridge, cutting travel time significantly and boosting national and regional connectivity.
30 March 2016
BoP surplus widens 58pc
The balance of payments surplus widened about 58 percent in the first seven months of the fiscal year from a year
26 March 2016
SWIFT urges banks to take fitting measures
Global banking cooperative SWIFT has advised its user-banks in Bangladesh to employ appropriate security measures to eliminate risk exposure to malicious software in the wake of the attack on the central bank's reserves.
23 March 2016