Trade and Economy
Talks underway with World Bank for additional $10b in assistance
Bangladesh is holding discussions with the World Bank to secure an additional US$10 billion in financial assistance, but no final decision has been made yet, Finance and Planning Minister Amir Khosru Mahmud Chowdhury said today.
AI investment keeps global economy growing, but Bangladesh faces pressure: IMF
International Monetary Fund (IMF) has sharply downgraded its forecast for Bangladesh’s economic growth in the current fiscal year to 3.2 per cent. The fund also expects global inflation to rise to 4.7 per cent this year.
Gold prices fall by Tk3,266 per bhori in Bangladesh
Gold prices in Bangladesh have fallen by Tk 3,266 per bhori. Under the revised rates, the price of 22-carat gold has been set at Tk 228,031 per bhori, including value-added tax (VAT).
IMF loan talks underway: Finance Minister
Finance and Planning Minister Amir Khosru Mahmud Chowdhury today said that Bangladesh was holding discussions with the International Monetary Fund (IMF) over its loan programme and reform conditions, expressing optimism that all challenges could be resolved through mutual understanding.
Banking sector recovery may cost Tk 60,000cr per year: Governor
Bangladesh will need to allocate Tk 60,000 crore annually from the national budget over the next five to eight years to rebuild its banking sector following extensive financial irregularities and structural damage, Bangladesh Bank Governor Mostakur Rahman has said.
Inflation climbs to 8.34%, deepening pressure on low-income households
The country’s rising inflation continued to squeeze household budgets in September, with consumer prices climbing while wage growth slowed, widening the gap between earnings and living costs and making it increasingly difficult for low-income families to make ends meet.
Biman signs deal with Airbus for 10 aircraft
Biman Bangladesh Airlines today signed an agreement with European aircraft manufacturer Airbus for the acquisition of 10 aircraft, taking the number of aircraft in the national carrier’s acquisition pipeline to 35
Jet fuel price goes up by Tk 17.06 per litre
Bangladesh Energy Regulatory Commission (BERC) has increased the price of aircraft fuel jet fuel (Jet A-1) again. The price of Jet A-1 for both domestic and international flights has been raised by about 10.3 percent in October.
Methanol from Assam to Bangladesh via Brahmaputra after seven decades
International commercial river voyage has started again via the Brahmaputra river after seven decades. A cargo barge has started its journey towards Pangaon port of Bangladesh carrying 540 metric tonnes of methanol from Dibrugarh of Assam. Those concerned have informed that this is the first incident of commercial river voyage directly from Assam towards any port of Bangladesh after the independence of India.
19 banks halt card, ATM, digital services for system upgrades, migration
Digital banking services, including card transactions, ATM withdrawals, POS payments, e-commerce, QR code payments, and National Payment Switch Bangladesh (NPSB) transfers, across 19 banks are facing temporary disruptions due to scheduled system upgrades and maintenance.