Business-Economy

Bangladesh seeks full power supply restoration from Adani

TDS Desk: Bangladesh has asked Adani Power to fully resume supplies from its 1,600-megawatt plant in India, a Bangladesh official said, after more than three months of reduced sales with

AIIB to lend Bangladesh $400m

TDS Desk: Bangladesh is getting US$400 million from the Asian Infrastructure Investment Bank (AIIB) as budget-support credit to finance policy actions for infrastructural development in climate-critical sectors, sources said. The

Petrobangla accelerates local gas production process to reduce LNG dependency

Staff Correspondent: In a bid to reduce reliance on imported liquefied natural gas (LNG), Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) is expediting the tender process for drilling 21 wells

Growth in industry, service, Agri suffered most in FY 24

Staff Correspondent: Bangladesh’s industry, service and agricultural sectors’ growth suffered the most in the last fiscal year of 2023-24 (FY24), according to revised data from the Bangladesh Bureau of Statistics

New monetary policy aims to bring inflation down to 7-8pc by June

Staff Correspondent: Bangladesh Bank (BB) has announced a new monetary policy for the remainder of the current fiscal year 2024-25, targeting an inflation rate of 7-8% and setting GDP growth

Govt pushes drive to modernise NBR with new tech to augment revenue collection

Staff Correspondent: The interim government is pushing for further technological advancements at the National Board of Revenue (NBR), finding there is much ground that Bangladesh needs to make up within