Business-Economy

Sound and fury, but where’s the progress?

TDS Desk: Despite much fanfare over various initiatives to recover money laundered from the country, actual progress has been minimal. Although international organisations like the World Bank, IMF, GFI, and

MDs of 6 banks sent into forced leave for fair scrutiny

TDS Desk: The central bank on Sunday sent managing directors of six banks, including four controlled by the S Alam Group, into forced leave. The banks in question are: First

Saudi’s Aramco willing to build refinery in Bangladesh

TDS Desk: Saudi Ambassador to Bangladesh Essa Youssef Essa Al Duhailan on Sunday said Saudi Arabian oil company – Aramco – is willing to come to Bangladesh to build a

ADB to provide $1b annually for BD dev

TDS Desk: Asian Development Bank (ADB) will provide US$1 billion to Bangladesh annually in concessional financing over the next five years. ADB Country Director Hoe Yun Jeong came up with

Private sector investment remains sluggish

TDS Desk Foreign exchange reserves are showing encouraging signs of stability due to record remittance inflows and rising exports, but private sector investment remains a concern for the government. Economists

Interim govt to focus on 10 economic zones instead of 100 planned by AL

TDS Desk Beza Executive Chairman Chowdhury Ashik Mahmud Bin Harun is expected to announce these developments at a press conference on 7 January, the officials told this correspondent on condition