Business-Economy

Money-whitening facility unlikely

Staff Correspondent: The much-debated black-money-whitening facility is unlikely in the upcoming fiscal year as the provision incorporated into the Finance Ordinance may finally be dropped amid outcry. The finance ordinance,

New notes ‘unrecognized’ by ATMs and CRMs, blame game continues

Staff Correspondent: Ahead of Eid-ul-Adha, the central bank released about Tk500 crore worth of new notes into the market. Initially, Tk20, Tk50, and Tk1,000 denominations were issued. However, the new

Beximco defaults on €33m in Germany, Deshbandhu owes Czech bank €4m

Staff Correspondent: Beximco Ltd, owned by Salman F Rahman – former private sector adviser to ousted prime minister Sheikh Hasina – has defaulted on a loan in Germany. ING Bank’s

Exports rise in top 10 markets

Staff Correspondent: In the first 11 months of the current fiscal year, Bangladesh exported $7.09 billion worth of ready-made garments (RMG) to the United States, which is up by 17

No fuel price hike now: Salehuddin

Staff Correspondent: Finance Adviser Dr Salehuddin Ahmed on Tuesday said the government has no immediate plans to raise fuel prices. “We are observing the Iran-Israel war. Prices have already risen

BD looks at higher rates on some WB loans from July

Staff Correspondent: Bangladesh is set to see a change in its World Bank loan terms as a part of its concessional loans from the International Development Association (IDA) shift from