Business-Economy

Directors’ assets may be sold to settle policyholder dues

Staff Correspondent: The Insurance Development and Regulatory Authority (Idra) has finalised a draft of the Insurance Resolution Ordinance 2025, which would grant the regulator sweeping powers to declare financially troubled

Bangladesh receives fourth and fifth tranches of IMF loans

TDS Desk: The International Monetary Fund (IMF) has disbursed the fourth and fifth tranches of its loan agreement with Bangladesh, amounting $1.33 billion. In addition, Bangladesh’s reserves have crossed $30

Bangladesh signs $630m loan agreement with Japan for major railway expansion

TDS Desk: Bangladesh has signed a loan agreement worth approximately $630 million with Japan to finance Bangladesh Railway’s ‘Construction of Dual Gauge Double Line Between Joydebpur-Ishurdi Section Project (I)’. The

Budget falls short of structural reforms: Economists

Staff Correspondent: Economists and private sector entrepreneurs said that the budget for the next fiscal year 2025–2026 falls short of introducing the structural reforms needed to spur economic growth, rebuild

BPC posts Tk2,050cr profit in FY24-25 amid fuel price hike: CPD

Staff Correspondent: Riding on the upward adjustment of fuel oil prices under the automated pricing mechanism, state-owned Bangladesh Petroleum Corporation (BPC) earned a profit of Tk2,050 crore in the fiscal

$1b a year needed to hit 2030 green energy goal

Staff Correspondent: Bangladesh needs to expand its renewable energy capacity by 21 percent annually to meet its latest green energy target by 2030, requiring nearly $1 billion in yearly investment,