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PPP needed to ensure production, supply of safe food

A combined effort of public-private partnership is needed in food production, inspection, and supply to the consumer level through trusted and committed entrepreneurs, disclosed a seminar on safe food on Thursday. Speakers at the seminar said even when food is in a safe method, it is contaminated by the use of harmful chemicals and preservatives during the process of supply to consumers. Sometimes it is produced using unsafe chemicals and fertilizers, they said. The seminar titled ‘'Strengthening smallholder farms...

Almost Tk6,000b needed in deficit financing over next 2 fiscals

The country will need some Tk 5,824 billion as deficit financing in the next two fiscals where the domestic bond market is under focus of development to meet the need. Of the total amount, some Tk 2785 billion will be needed for the next 2025-26 fiscal while some Tk 3039 billion will be needed for the 2026-27 fiscal, according to an official document of the Finance Ministry. In the 2024-25 fiscal year, deficit financing is estimated at Tk 2559 billion. The document said that the Government of Bangladesh remains committed to sustaining a prudent fiscal policy while efficiently financing its development projects. In the medium term, the government’s approach to deficit financing and debt management aims to secure its financing need...

US support for Rohingya reaffirmed amid concern over Myanmar

Expressing concern over the situation in Myanmar, the United States has said helping resolve Rohingya refugee crisis remains a priority for them. “So we are following this development closely. We remain concerned by the conflict and its potential to undermine regional stability and security,” Spokesperson at the US Department of State Matthew Miller said during a regular media briefing in Washington on December 17. He made...

BB ready to ensure enhanced cash flow

Chief Adviser Dr Muhammad Yunus on Monday assured that Bangladesh Bank is fully prepared to ensure enhanced cash flow to banks across the country, enabling depositors to access their funds without hindrance. “No bank has been closed, and even the weakest institutions have been stabilised,” he said in his Victory Day address to the nation. Dr Yunus said that confidence and discipline are being steadily restored in the banking system, and announced that previous restrictions on cash withdrawals have been lifted, signalling a rob...

States may become more open to crypto in 2025

The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses that, together, could push states to become more open to crypto and for public pension funds and treasuries to buy into it. Proponents of the uniquely volatile commodity argue it is a valuable hedge against inflation, similar to gold. Many bitcoin enthusiasts and investors are quick to criticize government-backed currencies as prone to devaluation and say increased government buy...

CA Yunus pledges to control prices, fix economy

Reaffirming his government’s commitment to fix the economy, Chief Adviser Dr Muhammad Yunus on Monday called for collective efforts to keep essential commodity prices stable during the upcoming Ramadan. "We seek everyone's cooperation to ensure that prices remain manageable. We have already talked to businesspeople, and they have assured us that there will be no short supply (of commodities) in the market. If anyone tries to create an artificial crisis for excessive profit, we will take strict action against them," he said in a televised speech to the nation in the morning.
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