Business-Economy

Bangladesh Bank hikes policy rate to 10pc

TDS Desk The Bangladesh Bank has increased the policy rate, a key monetary policy tool, by 50 basis points to 10%. It will be effective from 27 October, the central

Businesses shutting down, non-performing loans on the rise

Extensive plundering under AL regime affected banking sector Influential groups took out large loans, siphoned off money abroad TDS Desk: Businesses are shutting down one after another, while the volume

Bangladesh welcomes Royal Enfield 350cc

TDS Desk The highly anticipated Royal Enfield 350cc motorcycles are now available in Bangladesh. Ifad Motors has finally launched Royal Enfield motorbikes for the local market on Monday. The aristocratic

BD sees surge in remittances, raking in $1.53bn in October

State-owned banks contributed $400.8 million. Specialized banks accounted for $78 million. UNB, Dhaka: Bangladesh received $1.53 billion in remittances during the first 19 days of October 2024, according to the

Economy facing challenge as lending, investment grind to halt

UNB, Dhaka The economy of the country is experiencing a challenging period, with public and private investments coming to a near standstill over the past few months. Private sector investment

Tourism sector facing challenges to turn around

The sector has been incurred a loss of Tk 10,000cr in the last decade Golam Mostafa Jibon: Country’s largest potential tourism sector has been facing manifold challenges one after another