The biggest challenges an inclusive economy is the growing disparity between the rich and the poor, according to economists

The government’s spending on interest payments against the mounting foreign debt surged 136.70 percent year-on-year to $562 million in the first five months of the current fiscal year as disbursements surged in recent years.

Bangladesh is set to become the world's 20th largest economy by 2038 owing to continued economic growth, according to a forecast by the London-based Centre for Economics and Business Research (CEBR) on Wednesday.

Dutch-Bangla Bank PLC, a private bank in Bangladesh, plans to raise Tk 1,200 crore through the sale of subordinated bonds, according to a company disclosure posted on the Dhaka Stock Exchange yesterday.

There is no chance of Bangladeshi garment factories using materials like cotton, yarn and fabrics produced in China’s Xinjiang region, said Faruque Hassan, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), yesterday.

Bangladesh’s rice production may decline slightly in marketing year (MY) 2023-24 as a result of partial damage to Aman rice crop, now being harvested in Southern coastal districts, the US Department of Agriculture (USDA) said last week.

Bangladesh Bank yesterday suspended Intekhab Alam, managing director of Phoenix Finance and Investments Ltd, over allegations of being involved in loan irregularities and activities that go against the interest of depositors.

Leaders of the Inland Vessel Owners Association of Chattogram (IVOAC) yesterday accused a section of leaders of the Bangladesh Cargo Vessel Owners Association (BCVOA) of orchestrating the obstruction of loading, unloading, and transport of goods from the former’s allocated vessels.

The import of 30 goods, which are in high demand in industry, farming and households, through Custom House, Chattogram has dropped in volume by 26 percent in the first five months of fiscal year 2023-24 compared to the same period of last year.

National Bank delivered false information into the Bangladesh Bank’s credit information bureau database to hide the default loans of one of its clients, said a Bangladesh Bank letter.

The overall tourism industry in Bangladesh performed well throughout the outgoing calendar year despite facing adversity in the final quarter due to ongoing political unrest, according to industry people.

The boost to the reserves stems mainly from the purchase of US dollars from Islami Bank Bangladesh as well as the release of the installments of the loans from the IMF and the Asian Development Bank.

Japanese garment retailers and brands want the continuation of duty-free market access to Bangladesh after the latter’s graduation from least developed country (LDC) status in 2026, Japanese Ambassador to Bangladesh Iwama Kiminori said yesterday.

Banks are holding an increased amount of foreign exchange, bolstered by falling imports and higher export proceeds, said bankers.

Businesses in Bangladesh will face challenges in managing the impacts of higher inflation and exchange rate in 2024 as well while the cost of production and operation may increase amid the rising bank interest, several business and corporate leaders warn

The government has approved proposals to set up four solar power plants to generate 420 megawatts (MW) of electricity for 20 years.

As many people tighten their belts to manage daily expenses amid high inflation, books have become the ultimate luxury

The National Board of Revenue (NBR) has tightened rules regarding import of capital machinery at a reduced rate in its bid to plug the loopholes which enable tax evasion.

Remember a Bangladeshi aircraft crash in Nepal and the Rana Plaza collapse? In both incidents, the authorities had to respond to the society communicating on their behalf. The aircraft company, as observed, seemed reactive, but the apparel exporters, seen in the media, were quite proactive.

Abu Dhabi (AD) Ports Group has offered to invest $1 billion to construct a multipurpose terminal, one of four under Bay Terminal, in a joint venture with Chittagong Port Authority (CPA), said CPA Chairman Rear Admiral Mohammad Sohail yesterday.