April 25, 2024
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  • Bangladesh receives investment proposals worth Tk 34,022cr

    Staff Correspondent: The country received investment proposals worth Tk 34,022 crore from some 259 industrial units during the April-June period of the current year with a 37.07 percent growth in amount compared to April-June period of 2022.These 259 industrial units were registered with the Bangladesh Investment Development Authority (BIDA) during…

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  • Growth will pick inflation to down

    New forecast of IMF Staff Correspondent: The International Monetary Fund (IMF) gave good news about the global economy. In the span of three months, the agency increased the growth rate of global GDP, while the rate of inflation decreased slightly. Inflation rates have started to decline globally. That is why…

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  • Both BNP, AL shifts their grand rallies to Friday

    Tense situation continues Special Correspondent: The major opposition BNP has finally shifted its grand rally to Friday because to resolve difference with police about the venues. In that case the BNP will hold the rally either in front of the party central office at Naya Paltan or at Suhrawardy Udyan.On…

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  • Suicidal power purchase deal may be ruined PDB

    Mahfuja Mukul: Three major gas based power plants are scheduled to be commissioned this year in the country. Summit Power, Unique and Reliance Group are constructing the plants with a capacity of about 2,000 MW. Bangladesh Power Development Board (BPDB) entered into a purchase agreement in 2019 to buy electricity…

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  • Bangladesh exports Tk 4790cr fish in ‘22

    Zarif Mahmud: Despite the financial recession in the world market, the country’s income from exporting 69.88 thousand metric tons of fish and fish products in the financial year 2022-23 has been Tk 4,790.33 crore. According to the latest information of the Food and Agriculture Organization of the United Nations, Bangladesh…

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  • Cabinet Secy urges for careful project scrutiny

    Staff Correspondent: No instructions regarding the election or field administration were issued in the meeting, says Cabinet Secretary Md Mahbub Hossain has advised secretaries and project directors to be more careful in project selection and financing as well as monitoring the direction of global trade and investment.He said: “We need…

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  • Tk 148 cr smuggled to Dubai under guise of garment export

    Ayub Ali, Chittagong: Exporting companies are laundering money under the guise of exporting ready-made garments. The Directorate of Customs Intelligence and Investigation has found the truth of such smuggling of Tk 148 crore in the last two years. Complaint against 19 organizations. All the money was laundered to Dubai, United…

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  • Forex reserves dipping with new IMF formula

    Staff Correspondent: The country’s forex reserves slipped further amid the implementation of the International Monetary Fund’s (IMF) balance of payments and investment position manual.On July 19, the gross international reserves (GIR) fell to $23.45 billion, central bank data showed.The central bank began publishing the GIR in line with the manual…

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  • Bangladesh in risk of AI freelancing

    Syed Nasir Hossain: BD Multitech is a Bangladeshi company doing freelancing for four companies in Canada, UK, Hong Kong and Slovakia. Artificial intelligence (AI) is a boon for the indigenous organization. AI technology has made many tasks of the organization easier. Reduced time and effort in work. There is also…

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  • Record in rice production buffer stock but price high

    Mahfuz Emran: There has been a bumper production of rice in the country in the last few seasons. In the last (2022-23) financial year, rice production crossed the all-time record. Government warehouses also have record amount of food stock, import situation is also satisfactory. Bangladesh is somewhat relieved about the…

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