What’s the point of revolution if ill-gotten wealth not reclaimed?

Noted economist Debapriya Bhattacharya has raised the question as to why the massive wealth accumulated through looting and corruption during the previous regime has not been reclaimed by the state yet.
28 November 2024, 18:00 PM

Tax hike dents mobile subscriber base

The mobile subscriber base in Bangladesh dropped by over 52 lakh between July and September, the first three months of the current fiscal year, as operators slashed subsidised sales of SIM cards due to increased taxes.
28 November 2024, 18:00 PM

BB reverts to bank bailout despite inflation worries

The Bangladesh Bank (BB) has backtracked on its decision to refrain from injecting fresh funds into crisis-hit banks in its efforts to curb persistent inflation.
28 November 2024, 18:00 PM

National Bank recovers Tk 900cr bad loans till Oct

National Bank has been able to recover about Tk 900 crore of defaulted loans as of October and initiatives are underway to recover another Tk 400 crore by this year, said its chairman, Abdul Awal Mintoo, yesterday. .He was addressing a press conference at its head office in the capital’s
28 November 2024, 15:44 PM

Teletalk launches SIM card delivery service

Teletalk will also provide automated tracking for delivery status, ensuring transparency and ease of access.
28 November 2024, 13:23 PM

Wage inequality declined in two-thirds of countries since start of 21st century: ILO

Global real average wage growth has started to rise again as inflation progressively eases, ILO report finds
28 November 2024, 12:09 PM

Deal signed for 181 million euro German financial, technical cooperation support

45.8 million euro will come as technical cooperation and 135 million euro as financial support
28 November 2024, 12:02 PM

Six crisis-hit banks get Tk 22,500 crore BB fund

The banks are: FSIBL, SIBL, Exim, National, Union and Global Islami
28 November 2024, 11:16 AM

Provide venture capital, private equity to startups, SMEs

Bangladesh’s future depends on creating a knowledge-driven economy, and new businesses require a supportive environment to succeed alongside funding, which can come in the form of venture capital and private equity, said speakers at a discussion recently..Venture capital is a type of finan
27 November 2024, 18:01 PM

Transforming connectivity with Starlink, NGSO satellites

Bangladesh stands on the brink of a digital revolution — a chance to reshape lives and bridge the persistent digital divide.
27 November 2024, 18:00 PM

BB introduces longer-term bills to fight inflation

The Bangladesh Bank has decided to introduce two more bills which would have tenures much longer than those of the three bills currently available in an effort to mop up excess liquidity from the money market and rein in runaway inflation.
27 November 2024, 18:00 PM

Tk 18,500cr injected into four crisis-hit banks

The Bangladesh Bank has injected Tk 18,500 crore into four crisis-hit banks, namely First Security Islami Bank, National Bank, Social Islami Bank and EXIM Bank, against demand for promissory (DP) notes.
27 November 2024, 18:00 PM

Potato cultivation expands as prices rise

Potato cultivation has increased across Bangladesh as farmers have been getting higher prices year-round amid elevated inflation in the country.
27 November 2024, 18:00 PM

Importers hit by dollar crisis get 8 years to repay loans

Businessmen involved in import-dependent industries that have suffered losses due to the depreciation of the local currency against the US dollar will get up to eight years to repay their loans.
27 November 2024, 18:00 PM

Exports to EU may fall 20%

Bangladesh’s overall exports to the European Union (EU) may fall by as much as 20 percent due to the combined impacts of the nation’s graduation from least developed country (LDC) status and the EU-Vietnam Free Trade Agreement (EVFTA), according to a study.
27 November 2024, 18:00 PM

BB tightens loan classification rules to meet IMF conditions

Payment failure for three months or 90 days after the due date will now lead to classification of loans regardless of type, according to new rules announced by the central bank yesterday, aligning with international best practices prescribed by the International Monetary Fund (IMF).
27 November 2024, 18:00 PM

Exports to EU may fall 20%

Bangladesh's overall exports to the European Union (EU) may fall by as much as 20 percent due to the combined impacts of the nation’s graduation from least developed country (LDC) status and the EU-Vietnam Free Trade Agreement (EVFTA), according to a study..Mohammad Abdur Razzaque, chairma
27 November 2024, 15:14 PM

Extend tenure of Tk 200 crore stockmarket fund, BSEC urges BB

The commission also wants the fund dedicated for each bank to be increased to Tk 300 crore
27 November 2024, 14:08 PM

How property taxes can help low-income countries to develop

Satellites, drones, and the right policies can help countries increase revenue by up to 10 times at the local level
27 November 2024, 10:32 AM

Bank Asia aims to give half of its loans to SME, retail

Bank Asia PLC plans to increase its lending to retail and small and medium enterprises (SME) to about 50 percent of its total loan portfolio, according to its Managing Director Sohail RK Hussain..“We have extensive experience in the SME sector and are now placing stronger focus on it,” he
26 November 2024, 18:27 PM