Business-Economy

Food ministry seeks Tk4,150cr more for subsidies, rice import amid rising demand

TDS Desk: The Ministry of Food has requested an additional Tk4,150 crore in the revised budget for FY2024-25 to cover increased food subsidy and rice import allocations. This reflects a

NBFIs’ classified loans average 35%, with over 90% at 7 firms

TDS Desk: The total NPLs of 35 institutions amounted to Tk26,163 crore, with 19 institutions reporting NPLs exceeding 50%, according to Bangladesh Bank data Non-bank financial institutions (NBFIs) are burdened

UK MP Rupa Huq calls for FTA with Bangladesh to boost bilateral trade

TDS Desk: She addressed global economic challenges, noting the impact of the Ukraine-Russia war on inflation and commodity prices in the UK “We need an FTA with Bangladesh in any

Pubali Bank, Delta Life jointly launch bancassurance service

TDS Desk: The event was graced by Monzurur Rahman, chairman of the Board of Directors, Pubali Bank PLC, as the chief guest with a commitment to enhancing customer convenience, Pubali

December PMI in Bangladesh sees slower expansion rate

TDS Desk: The December reading of the Bangladesh Purchasing Managers’ Index (PMI) decreased by 0.5-point from the previous month to record a slower expansion rate at 61.7. Metropolitan Chamber of

‘VAT hike to increase problems’

TDS Desk: The interim government has decided to hike VAT rates in the middle of the fiscal year to bolster revenue earnings and satisfy IMF bailout conditions. However, the planned