Rejaul Karim Byron

The government may seek another three months from the International Monetary Fund to meet the conditions for the last two

Interest rate spread fell 0.48 percentage point in the first 11 months of last fiscal year and dipped below 5 percent -- a trend which the government says will help attract investment.

The number of people dependent on others for livelihood has dropped 8 percentage points over the last five years thanks to their

State-owned banks logged a 24 percent rise in operating profit during the first six months of the year on the back of cuts in the cost of funds.

The International Monetary Fund's Extended Credit Facility loan, which ushered in some major reforms in the economic field, is nearing

Two sacked top officials of scam-hit BASIC Bank allegedly invested their ill-gotten money in properties in Malaysia under Malaysia My Second Home

The government did not borrow from the banking system last fiscal year; rather it repaid a big portion of debts.

Finance Minister AMA Muhith yesterday directed the BASIC Bank to take legal action against those involved in irregularities at the scam-hit bank.

The World Bank is preparing a five-year country strategy for Bangladesh, putting its focus on connectivity to link the country with three

Trade deficit almost doubled in the first ten months of the just-concluded fiscal year owing to slow export growth as a result of the

Most private banks saw their profits rise, though slightly, in the first six months this year despite political unrest and a cut in lending rates.

China Communication Construction Company is set to win the work for construction of a two-lane tunnel underneath the Karnaphuli

The Asian Development Bank will more than double its lending to Bangladesh over the next three years, attaching priority to connectivity projects linking the country to India, Nepal and Bhutan.

Bangladesh will have to initially pay $132.1 million to become a member of the proposed Asian Infrastructure Investment Bank or AIIB.

The government has proposed a 7.4 percent average growth target in the next five-year plan aiming to empower every citizen by way of better income distribution.

Teachers and staffs on Monthly Pay Order (MPO) are unlikely to get increased salary from next month under the new national pay scale, as the government might delay the hike by six months to evaluate the performance of MPO-listed educational institutions, said finance ministry officials.

Bangladesh may provide river transit to India on a limited scale this year after the two sides fix transit fees and charges. A joint committee comprising officials from both countries would be formed soon to make recommendations within two months for transit fees and charges, said shipping ministry officials.

A major portion of the non-development budget will be used to pay the increased salaries of government employees, and interest on loans.

The World Bank could lend more than $1 billion to implement a number of regional connectivity projects for boosting trade and investment among Bangladesh, India, Nepal and Bhutan.

India will provide $2 billion of fresh low-cost loans to Bangladesh, most of which will be used for connectivity-related projects to