Business-Economy

Rajshahi’s housing sector faces crisis

Rajshahi Correspondent The cost of construction materials, especially those linked to the housing sector, has been rising steadily, putting significant pressure on housing traders in Rajshahi. Over the past two

Investment abroad hits $2b in 6 years

TDS Desk Bangladesh has long been hungry for foreign direct investments (FDI) but that has also been coupled with the outflow of funds through local companies seeking to generate business

Deferring LDC graduation not an option

TDS Desk Education and Planning Adviser Wahiduddin Mahmud said Bangladesh has no option to defer its graduation from the least developed country (LDC) club. “Even if we want to, we

Revised budget may be Tk 50,000cr smaller

TDS Desk Bangladesh’s national budget for fiscal year 2024-25 is likely to be reduced by more than Tk 50,000 crore, with the entire cut expected to be made in funds

A company with a table, 2 chairs even got crores of loan: How IFIC was fleeced of Tk7,129cr

TDS Desk Northstone Engineering Ltd got registered with the Registrar of Joint Stock Company in November 2019. Within five days it opened an account with IFIC Bank’s Gulshan branch and

Bangladesh economy should be more open to escape middle-income trap: WB chief economist

TDS Desk Bangladesh should be a much more open economy to escape the middle-income trap, said Indermit S Gill, chief economist of the World Bank Group, on December 7. He