$10b fund for big projects
The cabinet yesterday gave the go-ahead for the setting up of a fund with money from the foreign currency reserves, which would be used for government investment in long-term projects.
6 February 2017
Muhith revives plan for fuel price cuts
The finance ministry has revived a plan to cut prices of petroleum products, especially heavily used diesel and
4 February 2017
Sovereign wealth fund to take off with reserves
The much talked-about sovereign wealth fund is likely to be formed with Bangladesh Bank's foreign currency reserves and finances from multilateral donor agencies following recommendations from a high-powered committee.
1 February 2017
Monetary policy to remain more of the same
Bangladesh Bank is likely to continue with the same monetary policy in the second half of the fiscal year due to emergence of some
28 January 2017
Budget promises continue to remain undelivered
The government managed to spend 76 percent of its budget in fiscal 2015-16, which is in keeping with the past trend of having a
23 January 2017
BB opposes plan to amend banking law
Bangladesh Bank yesterday opposed the finance ministry's move to amend the banking law, which has restricted the tenure of a
22 January 2017
Govt moves to cut ADP delays
The government is set to introduce a time-bound checklist for project preparation in a bid to cut habitual delays in the implementation.
21 January 2017
LNG to be imported from Qatar's RasGas
The government is set to import liquefied natural gas from Qatar's state-owned RasGas for processing at the LNG
18 January 2017
Summit awaits final nod to set up LNG terminal
Summit Group is one step closer to setting up its first floating liquefied natural gas terminal on Moheshkhali Island in Cox's Bazar as
17 January 2017
WB cautious on growth
The World Bank has made a cautious growth projection of 6.8 percent for Bangladesh this year, which is lower than the government's projection of 7.2 percent.
11 January 2017
Bapex dives into offshore gas exploration
Bapex is set to shell out $28.85 million for joint exploration of gas blocks in the Bay of Bengal to gather first-hand experience of offshore search.
9 January 2017
Current account deficit widens on sliding remittance
Current account deficit widened further in the first five months of the fiscal year on the back of the sliding remittance inflow.
4 January 2017
BB once again looks to reward good borrowers
Bangladesh Bank has once again urged commercial banks to reward their first-rate buyers with rebates on interest payment and
3 January 2017
Remittance inflow lowest in five years
Remittance inflow slumped by about $2 billion in 2016 from a year earlier despite a 35 percent increase in migrant
2 January 2017
Fuel price cuts in Jan
The government plans to slash fuel prices next month by taking into account the base price of $60 per barrel,
28 December 2016
Banks plan to issue bonds to boost capital
Many public and private banks have been considering issuing bonds next year to maintain the new international standards for capital
27 December 2016
Tk 976cr plan to liven up tea industry
The government has prepared a roadmap for the tea sector involving Tk 976 crore aiming to boost production, create 30,000 additional permanent jobs and improve the standards of living of workers.
26 December 2016
Jute mills to get new lease of life
The government will modernise 24 public sector jute mills with Chinese funding -- a move expected to generate
17 December 2016
India will get three border points for movement of goods
India has named eight border points to move its goods to and from Bangladesh if they make entry and exit through Chittagong and Mongla ports, and demanded dedicated space for its goods at the ports.
8 December 2016
China companies sign $510m deals for Payra seaport
Two Chinese companies yesterday signed preliminary agreements with Bangladesh to develop three components of Payra seaport with $510 million in funds.
8 December 2016