Business-Economy

Retail power tariff hiked by 16.68% per unit amid subsidy cuts

TDS Desk: In a major blow to inflation-burdened consumers, the Bangladesh Energy Regulatory Commission (BERC) has raised the consumer-level retail electricity price by 16.68% (Tk1.52) per unit on a weighted

Govt to procure 5 cargoes of LNG

BSS: The Cabinet Committee on Government Purchase (CCGP) today approved a total of six separate proposals, including the procurement of five cargoes of Liquefied Natural Gas (LNG) to meet the

Budget to address rising poverty, expand economic opportunities: Amir Khosru

UNB Finance Minister Amir Khosru Mahmud Chowdhury on Tuesday said the proposed national budget seeks to address rising poverty, expand economic opportunities for marginalised groups and reduce bureaucratic obstacles to

Defaulted loans surge by Tk 314.87b in three months

TDS Desk Defaulted loans in Bangladesh’s banking sector rose by Tk 314.87 billion in the past three months, reaching nearly Tk 5.89 billion at the end of March, according to

LDC graduation: Bangladesh gets 3-year extension till 2029

While the UN CDP confirms that Bangladesh has structurally outgrown its LDC status, it underscores that entering the developing-nation bracket without fixing banking frailties, revenue shortfalls, and a narrow export

Remittance crosses $3b mark for sixth time

Bangladesh’s gross foreign exchange reserves stood at $34.77 billion as of Monday TDS Desk Bangladesh received $3.42 billion in remittances in May, marking the sixth consecutive month in which monthly