Sat, 23 Nov 2024, 02:30 pm
Economy

Corruption cuts tax-GDP ratio in Bangladesh

The country’s tax-to-GDP ratio fell sharply in the past decade as revenue generation could not keep pace with average economic growth of six per cent. Economists blamed the lower-than-expected performance

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CPD suggests starting salary of Tk 17,568 for apparel industries

The Centre for Policy Dialogue on Sunday, based on research of living expenses, recommended minimum wage of Tk 17,568, at the entry level, for export-oriented apparel industries. Currently, the minimum wage

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Nuclear fuel handover ceremony for RNPP Thursday

The nuclear fuel hand over ceremony (graduation ceremony) for Rooppur Nuclear Power Plant will be held at the plant site in Pabna on Thursday as Bangladesh prime minister Sheikh Hasina

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Default loans rise by Tk 24,419cr in 3 months

The volume of non-performing loans in Bangladesh’s banking sector increased by nearly Tk 24,419 crore in just three months to hit a record Tk 1,56,039 crore by the end of

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India’s private space sector skyrockets

When Indian entrepreneur Awais Ahmed founded his satellite startup in Bangalore in 2019, his country was still a year away from opening the space industry to the private sector. “When we

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BB sets max interest rate of 10.20pc on industrial loans for six months

The interest rate on loans from banks in October has been set at 10.20 per cent as per Bangladesh Bank’s formula. The method, based on which the interest rate is

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Japan to provide $1,500 million more for Matarbari power plant

Japan will provide 2,17,556 million Japanese Yen (approximately $1,500 million) more in seventh tranche under the 44th Japanese Loan Package (2nd batch) for the Matarbari Ultra Super Critical Coal-Fired Power

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Flouting BB Governor’s decision, dollar rate hikes

Bangladesh Bank decided not to bring major changes in the US dollar exchange rate before the upcoming national election. The central bank’s Governor Abdur Rouf Talukder informed of this decision

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Many renowned Saudi cos interested to invest in Bangladesh: envoy

Ambassador of the Kingdom of Saudi Arabia to Bangladesh, Essa bin Yousef Al Duhailan, has said that Bangladesh is an emerging economic power in Southeast Asia, and Saudi Arabia is

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UK set to backtrack on net zero policies

The UK is set to backtrack on policies aimed at achieving net zero emissions by 2050, Prime Minister Rishi Sunak suggested on Tuesday, setting up a possible rift in his

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