Business-Economy

Banks snapping up windfall from gaping interest spread

Staff Correspondent: Banks are bagging a windfall from gaping spread between lending and deposit interest rates that banking experts dub a violation of relevant guidelines and international best practices. On

Inflation eased in April for monetary, fiscal measures: Planning Commission report

Staff Correspondent: Inflation in Bangladesh declined in April, supported by a combination of tight monetary policy and targeted fiscal interventions, according to the “Economic Update and Outlook: May 2025” report

State-owned banks: Too big to fail or just too broken to fix?

Staff Correspondent: For years, the government has been on a life-support mission – pumping taxpayers’ money into state-owned banks to keep them afloat. Between 2009 and 2024, under Sheikh Hasina’s

BD to issue new banknotes before Eid

Staff Correspondent: Bangladesh Bank Governor Ahsan H Mansur has announced that new banknotes, free of any individual’s portrait, will be released ahead of the upcoming Eid-ul-Azha. The government has decided

Dollar set to snap 4-week winning streak on US fiscal health worries

TDS Desk: The US dollar was soft on Friday, poised to make its first weekly drop in five weeks against the euro and the yen as worries over the United

Import advance tax set to climb 7.5%, affecting from baby food to cars

Staff Correspondent: The government is poised to significantly increase the Advance Tax (AT) on commercial imports in the upcoming budget, a move aimed at boosting revenue and compensating for persistent