Business-Economy

Google Pay launched

TDS Desk: Google’s digital service, Google Wallet—commonly known as Google Pay—has been officially launched in Bangladesh. City Bank PLC has introduced this digital payment service in collaboration with Google, Mastercard,

Govt increasingly leans on bank borrowing

Staff Correspondent: Though most banks in the country are already facing a liquidity crisis, the government, grappling with a revenue shortfall, has increasingly leaned on bank borrowing to meet its

Zero-rated tax on 152 imports goes

Staff Correspondent: Zero-rated tax benefit on 152 items, mostly essentials like rice, wheat, onions and edible oils, goes as the new budget takes effect on July 1 with some major

Remittance dollar rate falls amid weak demand, strong export growth

Staff Correspondent: The exchange rate for remittance dollars has started to fall as demand from banks eases due to improved liquidity, reduced overdue import payments, and steady export growth. Banks

Banks’ reliance on central bank borrowing hits record high

Staff Correspondent: Bangladesh’s commercial banks are increasingly leaning on the central bank to stay afloat, with borrowing through the repo window hitting a record Tk 1.33 trillion in May 2025,

Bangladesh’s apparel exports to EU surge to $8.07b

Staff Correspondent: Bangladesh’s apparel exports to the European Union (EU) have surged to $8.07 billion during the January-April period of 2025 up from $6.51 billion during the same period in