IFC, a member of the World Bank Group, has appointed Imad N. Fakhoury as Regional Director for South Asia. Fakhoury, based in New Delhi, will lead IFC’s strategy and operations in the... Read more »
Dhaka Chamber of Commerce and Industry (DCCI) President Ashraf Ahmed expressed confidence in Bangladesh’s ability to overcome current economic challenges. He acknowledged issues such as inflation, non-performing loans (NPL), foreign exchange reserves,... Read more »
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Russia is poised to emerge as a dominant player in the liquefied natural gas (LNG) market, potentially outpacing Qatar, the current leading LNG exporter globally, in the midterm, according to Alexey Fadeyev,... Read more »
The recent monetary policy announcement by Bangladesh Bank for the second half of the fiscal year 2023-24 (January-June 2024) is perceived as a crucial step in stabilizing the macroeconomic condition. The central... Read more »
The recently introduced monetary policy in Bangladesh is criticized for lacking substantial reforms and appears to echo traditional strategies, falling short of delivering tangible impacts on the economy. The primary challenge of... Read more »
The Bangladesh Bank is set to implement the crawling peg system for exchange rates, a move widely considered positive when adjusted to the real effective exchange rate. While this method is viewed... Read more »
Asian Development Bank (ADB) Country Director Edimon Ginting stressed the urgency of Prime Minister Sheikh Hasina’s return for the future of Bangladesh during a meeting at the PM’s official residence, Ganabhaban. Quoting... Read more »
US Ambassador to Bangladesh, Peter Haas, expressed eagerness to collaborate closely with Bangladesh in the coming months, emphasizing mutual interests during discussions on Wednesday. The ambassador highlighted key areas of cooperation, including... Read more »
Shoeb Chowdhury, the newly appointed Chairman of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) standing committee on “press and media,” is a prominent figure with extensive experience in the... Read more »
Commercial banks in Bangladesh are actively pursuing foreign funds to strengthen their offshore portfolios, aiming to offer customers dollar-denominated loans. The recent removal of a 20% tax on interest from foreign loans... Read more »