Business-Economy

BB hikes interest rate on EDF loans from reserves by 1 pc

Industry Desk: The Bangladesh Bank has raised the interest rate on loans disbursed under the Export Development Fund (EDF) from the reserves by 1%, making the foreign currency borrowing even

Inflation declines for second straight month, eases to 8.91pc in October

Staff Correspondent: The country’s inflation has dropped to 8.91% in October from September’s 9.10%, Planning Minister MA Mannan said citing Bangladesh Bureau of Statistics (BBS) data. The planning minister disclosed

Budget to face deficit, GDP to downturn

Rehennuma Tarannum: Global inflation has started to hit the budget. The finance minister hinted last June that the cost of 8.2 billion dollars may increase to meet the import cost

Bangladesh Hi-Tech Park Authority : No progress of old projects but looking for new ones

Special Correspondent: Although, Bangladesh Hi-Tech Park Authority is lagging behind the implementation of target, the authorities concerned are more interested in new projects one after another creating wonder to the

Govt to buy tools worth Tk 1,756cr to face disasters

Staff Correspondent: The Ministry of Disaster Management and Relief has planned to procure equipment worth around Tk 1,756 crore to face disasters. According to sources, tools will be used for

ECNEC approves 7 projects worth Tk 3,981.90 cr

Staff Correspondent: The Executive Committee of the National Economic Council (ECNEC) yesterday approved a total of seven development projects worth Tk 3,981.90 crore including one for construction of jetty alongside