The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, has approved a US$15 million Murabaha F …
Finance minister draws a bead on economic recovery
The national and global lockdown measures aimed at battling the Covid-19 pandemic have taken their toll on Bangladesh’s industrial production, obliterating tens of thousands of jobs, incomes and …
Nahida next high commissioner of Bangladesh to Brunei
Nahida Rahman Shumona, who is currently serving as director general of regional organisations wing at the foreign affairs ministry, has been appointed as the next high commissioner of Bangladesh to …
Unwanted: Bangladesh, Malaysia reject rescued Rohingya refugees
Bangladesh rejects Malaysia’s suggestion to take back nearly 300 Rohingya refugees who were found drifting at sea.
ADB signs $17.7m deal to invest in solar photovoltaic plant in Bangladesh
The solar park is one of the first private sector solar plants in Bangladesh to be financed by multilateral institutions, and will support the country’s efforts to attain long-term energy security and …
NBP looks to raise capital in Bangladesh operations
The government is likely to allow National Bank of Pakistan (NBP) to increase its capital in Bangladesh operations by remitting $10.9 million with the conditional plan of partially closing its …
A Bangladesh pharma company causes heartburn in India’s drugmakers
Eskayef Pharma had been quick to take advantage of international trade rules that allow nations defined by the United Nations as least-developed countries to ignore patents and produce affordable …
Bharti Airtel makes further inroads in Bangladesh; buys additional stake in telco from NTT Docomo
One of India’s biggest telecom operators Bharti Airtel has strengthened its presence in neighboring Bangladesh with acquiring an additional 6.3% stake in Robi Axiata from Japan’s NTT Docomo.
GDP to grow 1% next fiscal, 1.6% for current fiscal year, WB forecasts on Bangladesh
Besides, the country is likely to witness a mere 1% growth in GDP in the next 2020-21 fiscal year as the virus-related economic disruption will not end anytime soon. The global lender made the …
677 Bangladeshi workers return from Kuwait, UAE, Maldives
A total of 677 Bangladeshi citizens, most of whom are migrant workers, have returned from Kuwait, UAE and Maldives by three separate special flights since Monday.