Business-Economy

Uncertainty looms over EXIM Bank merger plan, clients at risk

Staff Correspondent: Concerns have emerged over the government’s initiative to merge Exim Bank with four financially troubled banks linked to the S Alam Group embezzlement scandal. Exim Bank’s comparatively better

BB aims to cut inflation to 5pc: Governor

Staff Correspondent: Bangladesh Bank Governor Dr Ahsan H Mansur on Tuesday said the central bank is aiming to bring inflation down to 5 percent, a more ambitious target than the

IMF projects 5.4pc growth for Bangladesh economy in FY26

Staff Correspondent: The International Monetary Fund (IMF) has revised downward its economic growth projection for Bangladesh for the fiscal year 2025–26, citing persistent political uncertainty, continuation of a tighter policy

BD reserves stand $21.75bn

Staff Correspondent: The foreign exchange reserves held by Bangladesh Bank have increased to $21.75 billion, according to the BPM6 method of calculation used by the International Monetary Fund (IMF). On

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