Business-Economy

Country’s foreign debt rose by $3.39b in 2024, outstanding now $103.64b

Staff Correspondent After receiving long-term loan tranches from the International Monetary Fund, the World Bank, and various bilateral and multilateral development partners, the country’s foreign debt increased by $3.39 billion

‘BD eyes top spot in global apparel exports’

Staff Correspondent: Bangladesh currently holds the position of the world’s second-largest apparel exporter as a single country. However, with the right strategies and reforms, the country is poised to climb

BB ED appointed as MD of ICB Islami Bank

Staff Correspondent: Bangladesh Bank has appointed its Executive Director (ED) Mojibur Rahman as the Managing Director of ICB Islami Bank. The central bank made the decision after dissolving the bank’s

RMG corporate tax likely to double

Staff Correspondent: The apparel exporters may face another blow from the National Board of Revenue (NBR) as it plans to increase its corporate tax rate to up to 20% from

BD eyes foreign investment to unlock agro-processing potential

Staff Correspondent: Market forecasts suggest the processed food sector, now valued at $4.8 billion, will grow to $5.8 billion by 2030 with over 70 million tonnes of agricultural production annually

‘Foreign investment pipeline created, continuous monitoring, communication to be maintained’

Staff Correspondent: A foreign investment pipeline has been created through this year’s investment conference and continuous communication will be made with institutions which have proposed or promised to invest, Bangladesh