The government has recently implemented new measures to alleviate the burden of foreign debt payments. The payment of Russian loans for the Rooppur nuclear power plant project is set to be postponed for two years, with Russia having already responded favorably to Bangladesh's proposal. This deferral could save the government approximately USD 800 million, according to sources at the Economic Relations Division (ERD).
Officials have indicated that the ERD is in the process of revising the previous loan agreement...
Farrukh Khosru
Bangladesh’s external debt dramatically increased under the oligarchic kleptocracy of the Sheikh Hasina regime from 2009 to 2024, with the average external debt stock rising from $10.7 billion between 1972 and 2008 to $52.6 billion from 2009 to 2023.
The country has seen a significant increase in external debt since 2009, with the debt stock rising from $23.3 billion in 2008 to $100.6 billion by December 2023. This increase is largely at...
Acting Chairman of Bangladesh Nationalist Party (BNP) Tarique Rahman called upon the leaders and workers of the party for not considering political or religious identity while extending cooperation to flood-affected people.
“Stand beside the flood-hit people in a coordinated way. Extend hands of cooperation to them. Provide food, clothes, treatment and medicine and take measures for the people affected by the flood,” he said in a video message on Friday.
Urging the party men to stay alert, Tarique said...
Water Resources adviser Syeda Rizwana Hasan today said the government is working collectively with full force to tackle the ongoing flash flood situation in various districts of the country.
With the help of everyone, swift and effective measures are being taken to rescue people from remote areas, she said.
Rizwana Hasan, also advisor for environment, forest and climate change ministry, made these remarks while responding to
journalists' questions after visiting various flood-affected areas in the Sadar Upazila of Habiganj d...
The 29
th Annual General Meeting (AGM) of Al-Arafah Islami Bank PLC. has approved 10% Cash Dividend and 5% Stock Dividend for the year ended on 31 December 2023 held on 22 August 2024, Thursday. Chairman of the Bank Alhajj Salim Rahman presided over the meeting.
Vice Chairman of the Board Alhajj Abu Naser Mohammad Yeahea, Directors Alhajj Md. Abdus Salam, Alhajj Md. Abdul Hamid Miah, Alhajj Mahbub Ahmed, Hafez Alhajj Md. Enayet Ullah, Alhajj Ahamedul Hoque, Alhajj Niaz Ahmed, Alhajj Liakat Ali
...
The BBIN (Bangladesh, Bhutan, India and Nepal) initiative, officially launched in 2015, was created to tackle the logistical and economic challenges that have historically hindered South Asia's development. A key objective of the initiative is to strengthen economic collaboration. By streamlining the cross-border flow of goods and services, the initiative can greatly lower transportation expenses and reduce transit durations. This is especially important for landlocked nations such as Bhutan and Nepal, which depend heavily on neighboring countries for access to global markets. Improved connectivity can facilitate trade, investment, boost regional tourism, and create jobs, all of which will contribute to the economic growth of the region, according to the editorial of the current News B...
