Business-Economy

Current account deficit narrows 85pc in July-Mar on remittance

Staff Correspondent: Bangladesh’s current account deficit has shrunk by a dramatic 85% in the first nine months of FY25 compared to the same period last year, despite a prolonged period

Private credit growth rises to 7.57pc in March after months of decline

Staff Correspondent: After a seven-month streak of declining growth, private sector credit in Bangladesh rebounded in March 2024, rising to 7.57% – the highest in four months, according to a

Questions arise over triple salaries at Payra power plant

TDS Desk: The Managing Director of the Payra Thermal Power Plant – formally known as Bangladesh-China Power Company Ltd. (BCPCL) – receives monthly salary and allowances amounting to around Tk

Exports rise nearly 10% in July-April

Staff Correspondent: Bangladesh’s overall exports grew by 9.83 percent in the first 10 months (July-April) of the 2024-25 fiscal year, driven by rising global demand for Bangladeshi products. However, April

Investment freeze as interest hikes, instability shake business confidence

TDS Desk: High interest rates and limited access to affordable financing and ongoing political instability are burdening start-ups, small businesses, and large corporations alike, limiting their capacity to invest in

HSBC Bangladesh records Tk1,000cr for first time in 2024

Staff Correspondent: HSBC Bangladesh’s profit reached Tk1,000 crore mark in 2024, which was its highest ever. According to the bank’s financial statement, its net profit stood at Tk1,086 crore last