Business-Economy

Dying industries and soaring unemployment push economy to the brink

Staff Correspondent: Bangladesh’s economy is under immense strain as rising production costs, volatile energy prices, a surging dollar, and soaring interest rates have left the industrial sector gasping for air.

Around $20b laundered abroad in AL regime: Governor

Staff Correspondent: Around $18 billion to $20 billion was laundered abroad from Bangladesh during the Awami League regime, Bangladesh Bank Governor Ahsan H Mansur said on Tuesday. “We estimate that

BB moves to revoke licences of 20 troubled financial institutions

Staff Correspondent: Bangladesh Bank has initiated proceedings to cancel the licences of 20 non-bank financial institutions (NBFIs) that have long been mired in crisis due to high levels of defaulted

Suspicious banking activity surged by 56pc after July Uprising: Cenbank

Staff Correspondent: Bangladesh’s banking sector witnessed a sharp 56% rise in suspicious transactions and activity reports between July last year and May this year. The Bangladesh Bank shared the information

Economy grows 3.97pc in FY25

Staff Correspondent: Bangladesh economy has grown 3.97 percent in the current fiscal year (FY) 2024-25, according to the provisional estimate released by the Bangladesh Bureau of Statistics (BBS). The estimate

FY26 budget: Black money whitening in real estate to stay – but with 5x taxes

Staff Correspondent: The government is considering a significant increase in taxes on undeclared wealth, known as black money, invested in the housing sector, with rates potentially rising by up to