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Yunus invites int’l investors to explore Bangladesh

Ahead of the Bangladesh Investment Summit, Chief Adviser Professor Muhammad Yunus has invited Bangladesh's friends, partners and global leaders to explore the extraordinary investment opportunities that Bangladesh has to offer. "There has never been a better moment to explore the extraordinary investment opportunities in Bangladesh," he said, as the government is set to host the Bangladesh Investment Summit 2025 next month.

Dr Yunus said Bangladesh has undergone profound...

Patent barriers loom as Bangladesh exits LDC status

Bangladesh’s pharmaceutical industry faces the challenge of losing its Least Developed Country (LDC) status, expected in 2026. This transition may result in the loss of its ability to produce generic drugs without patent restrictions. While the European Union may grant a grace period, the industry must prepare for potential patent claims from global pharmaceutical firms.

Govt expects neutral, responsible role of media: Info Adviser

Information and Broadcasting Adviser Md Mahfuj Alam on Thursday said, the government expects a neutral and responsible role from the mass media. The adviser was speaking at an iftar mahfil and view-exchange meeting, organised by the Ministry of Information and Broadcasting at the Tathya Bhaban in city’s Circuit House Road. [caption id="attachment_32892" align="alignleft" width="557"] Information and Broadcasting Adviser Md Mahfuj Alam spoke at an iftar mahfil and view-exchange meeting at the Tathya Bhaban in...

Country set to achieve record remittance in March

Bangladesh is on track to set a new record in remittance inflows, with expatriates sending $2.25 billion through banking channels in the first 19 days of March. This marks a significant 78.4 per cent increase compared to the same period last year.

According to the latest data from Bangladesh Bank, the surge in remittance is largely attributed to the upcoming Eid celebrations, as non-resident Bangladeshis are remitting more funds to support their families.

Fed holds interest rates steady amid economic uncertainty

Insights

  • US Federal Reserve has kept interest rates steady at 4.25 to 4.5 per cent, citing strong economic activity, low unemployment, and persistent inflation.
  • The Fed will slow its balance sheet reduction, cutting Treasury redemptions from $25 billion to $5 billion monthly.
  • Economic uncertainty has increased, and the Fed remains flexible on future adjustments.
US Federal Reserve (Fed) has opted to maintain the target range for the federal funds rate at 4.25 to 4.5 per cent, as economic indicators suggest continued solid expansion despite rising uncertainty.

Desco invites bids for rooftop solar expansion in Dhaka

Dhaka Electric Supply Company (Desco), a state-owned power distribution firm in the country, has issued a tender for the development of 120 MW of grid-connected solar capacity. The project will be divided into eight lots of 15 MW each, with applications due by 5 May 2025.

The tender covers the design, construction, financing, operation, and maintenance of solar installations across Desco’s service area, which includes Dha...

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