Bangladesh Bank Governor Md Mostaqur Rahman yesterday assured business leaders that the export development fund (EDF) may be gradually expanded to $5 billion, according to the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

The new Executive Committee of the National Economic Council (Ecnec), chaired by Prime Minister Tarique Rahman, yesterday scrapped one development project and sent back another, which is located in the PM’s home district of Bogura, for cost review.

The country’s economic growth slowed in the second quarter of fiscal year 2025-26 as a sharp fall in industrial activity dragged down overall output, according to provisional data from the Bangladesh Bureau of Statistics (BBS).

Oil prices were little changed in choppy trade on ‌Monday, as investors awaited clarity on the status of talks between the US and Iran even as they remained wary about sustained supply losses due to shipping disruptions.

The telecom regulator has decided to allocate spectrum from the 850 MHz and Extended GSM (EGSM) bands for a month-long trial to examine potential interference between the two frequencies.

Indonesia announced on Monday a 28-percentage point rise in the surcharge on jet fuel, and said it will allow airlines to raise the domestic ticket price, which the government caps, by up to 13 percent.

The chemical industry, built on a foundation of oil, gas and petrochemical feedstocks, underpins modern manufacturing.

Onion farmers are facing mounting losses this season as a sharp fall in prices, coupled with rain-induced damage, offsets a significant rise in production.

Over 80 percent of the world’s total hilsa production comes from the rivers, estuaries, and coastal waters of Bangladesh, said Mohammed Amin Ur Rashid, minister of fisheries, livestock and agriculture.

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) has called for a clear roadmap to optimise the effective tax rate, aiming to create a level playing field for all investors and support job creation.

The last fiscal year 2024-25 (FY25) was hard for listed companies. During the period, firms saw their profitability fall to the lowest level since post-Covid,  squeezed by inflation that outpaced sales growth, rising borrowing costs, political upheaval and limited public spending.

It was 3.53% in the same quarter previous fiscal year

The company will produce a wide range of items, including steel, aluminium and iron frames, fibreglass poles, tents and sleeping bags

Amir Khosru says govt has drawn up a broad action plan centred on investment, jobs, exports and macroeconomic stability

Moreover, Bangladesh ranks first among the 11 hilsa-producing countries

The minister also provided a list of the top 20 loan defaulters

The committee will assess whether projects are justified and aligned with development priorities

Civil Aviation minister conveyed the interest during meeting with Boeing VP

Say businesses, proposing shop hours from 1pm to 9pm and smart energy management

Sri Lanka is struggling to prevent a repeat of its spectacular economic collapse four years ago, as the prolonged Middle East war compounds the fallout from a deadly cyclone in November.