Business

Information and Broadcasting Minister Dr Hasan Mahmud has urged global investors to invest in Bangladesh as it is the most investment friendly and promising country. “Bangladesh is now becoming the most investment friendly and promising country for its infrastructure development and other facilities including development of sea and river ports, inter-country rail and road communications,” Hasan said, mentioning that Bangladesh ...

Remitters will now get additional incentives of up to 2.5% from banks in addition to the 2.5% offered by the government as banks have increased efforts to boost remittance earnings amid the foreign exchange crisis. This means remitters will get up to Tk115.5 per USD if they send money via banking channels as the dollar rate has been set at ...

European aviation giant Airbus expects a greater stake with a longer presence in Bangladesh as the aircraft builder, a consortium of intra-European enterprises, is almost set to add 10 wide-body planes to the national airline Bangladesh Biman fleet. “We see tremendous aviation potential in Bangladesh,” said Morad Bourou-ffala, chief representative of Airbus in Bangladesh, when a group of Bangladeshi journalists ...

The government aims to collect total revenue amounting to 11.2 percent of GDP by the end of the 2025-26 fiscal, according to the Medium Term Macroeconomic Policy Statement (2023-24 to 2025-26) of the Finance Division under the Finance Ministry. It said that Bangladesh has consistently maintained an expansionary fiscal stance keeping a moderate budget deficit-usually around 5 percent of GDP-to ...

The West is seeking after establishing control over the global economy but the majority of countries understand that qualitative development is impossible in such conditions, Prime Minister Mikhail Mishustin said at the Made in Russia 2023 International Export Forum. Fierce competition is underway in the world for the technology leadership and “for control over the global economy, in the first ...

The International Monetary Fund (IMF) has relaxed several targets including foreign exchange reserves, revenue collection, automatic price adjustment of fuel for the $4.70 billion loan package for Bangladesh. At the beginning of this year, the IMF had set forex reserves target at $25.34 billion by September and $26.81 billion by June next year as conditions for the loan package, reports ...

LONDON, Oct 18 : British consumer price inflation (CPI) unexpectedly held at 6.7% in September, remaining the highest of any major advanced economy and keeping alive the possibility of another rise in interest rates. A rise in petrol prices between August and September was the main factor stopping a fall in the annual rate, the Office for National Statistics said ...

US-Bangla Airlines, one of the country’s private airliners, has become a member of the International Air Transport Association (IATA) as the first local private carrier of Bangladesh. IATA’s Regional Director for the Asia Pacific Region (Operations, Safety and Security) Blair Cowles, today officially handed over the IATA membership, according to a press release received Wednesday. US-Bangla Airlines Chief Executive Officer ...

The Indian government on Wednesday hiked the inflation-adjusted allowance for its 11.7 million employees and pensioners by 4% ahead of the festival season, a minister said, a move that would cost the exchequer 128.57 billion rupees ($1.54 billion) annually. The wage increase, or dearness allowance — a part of monthly wages and pensions provided to cushion against rises in the ...

Khurshed Alam, Head of Retail Business of LankaBangla Finance PLC., and Mozammel Haque Bhuiya, Head of Marketing and Sales of Astra Airways Ltd., signed the MOU for their respective organizations. Md Toufiquer Rahman, Head of Cards (acting); Mohammad Abdul Jalil Khan, Senior Manager Card Business of LankaBangla Finance PLC.; A F M Rubayat-Ul Jannat and Md. Masudur Rahman of Astra ...