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Economy

Yunus asks RMG manufacturers to help rebuild nation

Chief Adviser of the Interim Government Professor Dr Muhammad Yunus, asked the country's garment manufacturers on Wednesday to help rebuild the nation after 15 years of plunder by the dictatorship of Sheikh Hasina. The Chief Adviser said the Interim Government inherited a broken economy and they now face a tough job to fix the country and steer it to a growth path. "All the institutions were broken. We were in a mess. They left us in an economic crisis. But, with the cooperation of everyone we can rebuild the nation," Professor Yunus told the leaders of the ...

Strengthen security in businesses and factories: FBCCI

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged law enforcement agencies to coordinate all for ensuring the security in companies and industrial establishments. “If the law and order situation improves, confidence will return among businessmen and investors. The business community is hopeful that the economy will regain its momentum if the security of businesses and industries is ensured,” said FBCCI President Mahbubul Alam. The president said this while speaking at a coordina...

Economy to be taken forward braving hurdles, says Salehuddin

Adviser to the Ministries of Finance and Planning Dr Salehuddin Ahmed today said that they have taken the charge of the interim government to march the economy forward braving all the barriers. "You can be best assured that we've taken charge to take the economy forward as soon as possible. There may be some transitory problems, but those are not significant and hopefully we'll solve those," he said. The Adviser was responding to a barrage of questions after holding a meeting with the officials of ...

Over Tk 92,000cr embezzled from banks in Awami years

About Tk 92,261 crore was embezzled in 24 major banking scams between 2008 and 2023, , equivalent to 12% of the national budget for FY24, according to the Centre for Policy Dialogue (CPD) at an event held today (12 August). The event, titled "Bringing Discipline in the Banking Sector: What Should be Done Immediately," highlighted the growing erosion of public trust in the banking sector, driven by its continuous deterioration and the inadequate actions taken by the previous government’s policymakers. Fahmida Khatun, the executive director of CPD and the keynote speaker, outlined a series

Iran is shipping oil to Bangladesh in new push

Iran has sent small shipments of crude oil to new destinations such as Bangladesh and Oman, according to shipping sources and data, the latest sign of Tehran pushing to sustain output at close to its highest in five years. Oil sales are Iran's major revenue source and the country has been looking for ways to sidestep US sanctions on its crude exports that former president Donald Trump re-imposed in 2018 over Tehran's nuclear program. Iran, which is exempt from output quotas set by the Organization of the Petroleum Export...
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