Business-Economy

Semiconductor industry eyes $1b export by 2030, seeks govt backing, policy changes

Staff Correspondent: With an aim to reach a billion dollar in annual exports by 2030, the Bangladesh Semiconductor Industry Association (BSIA) has sought a set of policy support from the

Lending, remittance receipts thru’ agent banking rise in Q1

Staff Correspondent: The volume of lending and receipts of inward remittances through agent- banking channels rose considerably in the first quarter (Q1) of 2025, driven by the increased accessibility of

Costly SLF last resort for stressed banks as call-money market dries

Staff Correspondent: Well-off banks still shy away from putting stakes on the call-money market out of trust deficit on their peers and increasingly pitch their funds into secure sovereign securities,

Budget: Hefty interest payments to cost Tk 1.22 tr

Staff Correspondent: Significant rises in domestic and overseas borrowings make the government earmark some Tk 1.22 trillion for hefty interest payments in the upcoming budget and officials see no letup

Pen down strike goes on for third day in protest of NBR abolition

Staff Correspondent: The pen-down strike by officials and employees of the National Board of Revenue (NBR) continues for the third consecutive dayon Saturday. As a result, revenue sector operations have

Prof Yunus for establishing dedicated ‘Microcredit Bank’

UNB: Chief Adviser Professor Muhammad Yunus on Saturday stressed the need for establishing a dedicated ‘Microcredit Bank’ to enable microcredit to play a more significant role within the formal banking