Sun, 19 Jan 2025, 11:11 pm
Economy

Bangladesh fails to meet IMF’s forex reserves target in 2023

Despite relaxed conditions for net reserves by the International Monetary Fund, Bangladesh could not meet the foreign exchange reserves target at the end of 2023. According to the IMF loan

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BGMEA chief terms Guardian article on Bangladesh’s RMG workers as offensive

A recent article published by The Guardian, framing the lives of female garment workers in Bangladesh between factory and brothel, is not only offensive but also a gross overgeneralisation, BGMEA

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Sri Lanka increases taxes ahead of foreign debt deal

Sri Lanka slapped a new 18 percent value added tax on fuel, mobile phones and computers from Monday to raise desperately needed revenue ahead of a foreign debt restructuring. An

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Huge potential, largely untapped

The country is failing to exploit the huge potential of increasing its share in the global market for ceramic products due to ‘incoherent’ fiscal laws and practices, inconsistent gas pressure,

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Qatar announces 27-year gas deal with Italy’s Eni

Qatar has agreed to supply Italian firm Eni with natural gas for 27 years, the Gulf emirate’s state-owned energy company announced Monday, the latest in a series of major deals.

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Markets fall again and oil rises on Middle East, Fed fears

Asian markets fell and oil prices extended gains Friday on worries that an expected ground invasion of Gaza by Israel will spark a wider conflict in the Middle East. Risk

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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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