Business-Economy

Committee reviews Chevron proposal for gas exploration without tender

TDS Desk: The Energy and Mineral Resources Division has moved to re-examine an investment proposal submitted by Chevron Bangladesh Limited as part of efforts to expand domestic gas exploration. A

Govt eyes BDT 200 billion by issuing Islamic treasury bills

TDS Desk: Revenue income alone cannot fully cover operating and development spending of the country. This prompts government to borrow each year from domestic and foreign sources, with a large

Rupali Bank’s risky lending to 32 large clients ends up in Tk14,156cr defaults

TDS Desk: Rupali Bank has accumulated Tk14,156 crore in non-performing loans (NPLs) among its 32 largest borrowers, most of whom received credit far beyond regulatory exposure limits under special approvals,

Trade deficit widens to $7.5b in Jul-Oct as Ramadan imports rise

TDS Desk: Bangladesh’s trade deficit widened sharply to $7.5 billion in the first four months of the current fiscal year, driven by a surge in imports ahead of Ramadan. Bangladesh

Banks asked to ensure smooth service of torn note exchange

Staff Correspondent: Bangladesh Bank (BB) has directed all commercial bank branches to ensure smooth services for exchanging torn, defective and soiled notes, warning of action against those reluctant to comply.

High cost, low profit push farmers away from rice to maize, pulses, exotic fruits

TDS Desk: Rice remains Bangladesh’s staple food crop, cultivated on nearly three-quarters of the country’s arable land. However, the cost of rice production has risen steadily due to high prices