Economic

Bangladesh’s banking sector is now facing an unprecedented collapse in loan discipline as more than one-third of all distributed loans have turned non-performing. According to Bangladesh Bank’s latest update released on Wednesday, total defaulted loans reached an alarming Tk 6.5 lakh crore, exposing years of irregularities, political protectionism, and systemic …

Nearly two months after arriving at Chattogram Port, the fourth transit consignment for Bhutan has finally been discharged. On Wednesday night, Bangladesh’s representative appointed for unloading Bhutanese goods completed the discharge. The consignment is now en route by road to the Burimari land port, from where it will be transported …

Bangladesh’s banks have done it again. They have achieved what many once thought impossible: a record-breaking six trillion taka in non-performing loans (NPLs). Yes, you read that right—six lakh crore taka in bad loans. If there were a World Cup for financial mismanagement, the banking sector would bring the trophy …

Two foreign companies awarded the responsibility of operating the Laldia and Pangaon container terminals will enjoy 100 percent tax exemption for the next 10 years, National Board of Revenue (NBR) Chairman Abdur Rahman Khan announced on Wednesday. He clarified, however, that this is not a new government incentive, but rather …

Bangladesh Bank has decided to keep its key policy rate unchanged at 10%, despite persistent inflationary pressure and rising external sector risks. The central bank expects consumer demand to pick up ahead of the upcoming national elections and the holy month of Ramadan, potentially putting fresh, though temporary, upward pressure …

For the first time in its history, Bangladesh’s total public debt has crossed the 21 trillion taka threshold, raising urgent questions about the country’s fiscal health and its ability to sustain ambitious development spending. According to a debt bulletin released by the Finance Division on Thursday, total government debt stood …

Both the Bangladesh Nationalist Party (BNP) and Jamaat-e-Islami have expressed a positive attitude toward continuing the International Monetary Fund’s (IMF) loan program in Bangladesh, according to the visiting IMF review mission. At a virtual press conference in Dhaka on Wednesday (November 13), IMF mission chief Chris Papageorgiou said the delegation …

In a new policy move, the Bangladesh Bank has issued a circular allowing export incentives or cash assistance for apparel and textile products manufactured under the subcontracting process. According to the circular, companies with their own active factories will now be eligible to receive export incentives based on the net …

Following the government’s earlier decision to buy 50,000 tons of non-basmati parboiled rice from India through international open tender, a new decision has been made to import an additional 50,000 tons of the same type of rice from Singapore. The total cost of this procurement will be Tk 217 crore …

Acting BNP Chairman Tarique Rahman has emphasized that “national unity is our strength, while division is our weakness.” He made the remark while addressing an event virtually on Wednesday (November 12) marking National Revolution and Solidarity Day, held at the Bangabandhu-China Friendship Conference Center in Dhaka. In his keynote speech, …