Bangladesh Embassy, Algiers organized a reception
Bangladesh Embassy, Algiers organized a reception for the Great Independence and National Day of Bangladesh. A grand reception was organized at Hotel Sofitel located in the heart of Algiers. Miz Basma Azwar, Minister of the Ministry…
Read More »Six foreign cos won’t give oil to Bangladesh
$30 m in arrears Special Correspondent: The government of Bangladesh is struggling to pay the arrears of imported fuel due to the dollar crisis. In addition, the British news agency Reuters said that fuel reserves are…
Read More »Dozens of insurance cos may beclosed
Zarif Mahmud: The financial condition of several life insurance companies operating business in the country have weakened due to various irregularities. The financial condition of the companies has become so fragile that they are not able…
Read More »PDB faces loss of Tk 46,275 cr
Mahfuz Emran: The average cost of electricity production has increased by about 73 percent in one and a half years. Due to increase in dollar exchange rate, high-capacity charges of new generation large power plants, increase…
Read More »Allocation to food sector decreasing by Tk 2519 cr
Mahfuja Mukul: In the next (2023-24) financial year, the allocation for the food sector is decreasing by Tk 2,519 crores. The total allocation for this sector is Tk 20,695 crores.In the current budget, Tk 23,214 crores…
Read More »BB prints Tk70,000cr new money in 11-month
Staff Correspondent: The Bangladesh Bank has injected Tk70,000 crore in new money into circulation in the first 11 months of the current fiscal year 2022-23 to support the government’s budget expenditure, creating further risk of inflation…
Read More »Inflation, revenue shortfalldollar crisis the majorchallenges for economy
UNB: Preparations for the budget for the 2023-24 fiscal must balance expectations in an election year with the conditions of the International Monetary Fund (IMF), and tackle inflation, foreign exchange crisis and revenue shortfall.Balancing public satisfaction…
Read More »Saudi envoy calls on President
Staff Correspondent: Saudi Arabian Ambassador in Dhaka Essa Yousef Essa Alduhailan paid a courtesy call on President Mohammed Shahabuddin at Bangabhaban yesterday noon. “During the meeting, the President said Bangladesh’s relationship with Saudi Arabia is very…
Read More »8,000 pry schools closed in a year
14 lakh students decreased Zarif Mahmud: In the span of one year, about 8,000 primary level educational institutions have been closed in Bangladesh. These are all private educational institutions. Besides, there is a decrease of 1.4…
Read More »Reserve may stand at $ 24b in June
Mahfuz Emran: The central bank wants to keep the country’s foreign exchange net reserve at $24 billion. For this purpose, they have revised the foreign exchange income and expenditure plan.Among these, stricter import controls are being…
Read More »Long-term stable policy essential for investment
Professor Shibli Rubaiyat-ul-Islam Industry Report: The economy of the country has huge potentials. There is no alternative to increase investment and employment to exploit this potential. The government is also serious about this. But long-term stable…
Read More »
