Business

Dr Rashed Al Mahmud Titumir, Adviser to the Prime Minister on Finance and Planning, has said the government’s main focus is to revive the country’s struggling economy by increasing revenue collection. Speaking at a press conference held at the National Board of Revenue (NBR) building in Agargaon of the capital on Sunday, he said Bangladesh had inherited a “devastated economy”. ...

Bangladesh is planning to seek $2 billion in foreign assistance to counter economic pressures arising from domestic crises and the volatile situation in the Middle East. The initiative aims to stabilise the country’s Balance of Payments (BoP) through support from global lenders, including the International Monetary Fund (IMF). Governor of Bangladesh Bank Md Mostaqur Rahman shared this strategic plan during ...

Approximately US$68.3 billion was illicitly transferred out of Bangladesh over a 10-year period from 2013 to 2022 through fraudulent practices in international trade, according to a latest report published on Thursday (26 March) by the Washington-based research organisation Global Financial Integrity (GFI). The report states that the money was moved abroad mainly through trade mis-invoicing, a practice in which false ...

The Energy and Mineral Resources Division has asked people not to panic and not to buy excess fuel as fuel stock and supply are completely normal in the country. The government is purchasing the necessary fuel from the international market to ensure uninterrupted fuel supply in line with demand. As a result, there is no possibility of a fuel supply ...

With goals from Enzo Fernández and Nicolás Paz, Argentina defeated Mauritania 2-1 in a friendly match that provided an opportunity for fans to encourage captain Lionel Messi to play in his sixth World Cup. Amid uncertainty about whether he will play in the tournament in the United States, Mexico and Canada starting in June, Messi began the match on the ...

Bangladesh is set to receive around 192,000 tonnes of liquefied natural gas (LNG) over the next ten days as part of efforts to stabilise energy supply amid ongoing geopolitical tensions in the Middle East. State-run Petrobangla confirmed that three LNG consignments from Australia, Indonesia and the United States are being delivered through separate vessels to ensure uninterrupted fuel availability. The ...

Bangladesh Bank (BB) has relaxed the single borrower exposure limit for LPG imports to mitigate domestic shortages caused by the Iran war, ensuring an uninterrupted energy supply across the country. To this end, a circular was issued today and sent to all banks. According to the circular, if the single borrower exposure limit exceeds 25%, banks will be allowed to ...

Oil prices fell around 4% on Wednesday on the prospect of a possible ceasefire easing supply disruptions from the key Middle East producing region after reports the U.S. sent Iran a 15-point plan to end the war between them. Brent crude futures fell $4.89, or 4.7%, to $99.60 a barrel by 0335 GMT, after declining to as low as $97.57. ...

Gold prices have fallen sharply in the international market, dropping 2.36 percent in a single day to slip below the 4,500-dollar mark per ounce. According to GoldPrice, a widely referenced global tracker of precious metal prices, gold fell 109 dollars to 4,494 dollars per ounce, down from above 4,600 dollars a day earlier. Compared to March 14, when gold stood ...

The Bangladesh Petrol Pump Owners’ Association (BPPOA) has warned that filling stations across the country may shut down at any time due to a fuel shortage. The organization mentioned the matter in a message on its official Facebook page on Sunday (March 22) night. In a statement issued on Sunday night, the association said the situation at filling stations nationwide ...