Dhaka June 29, 2025, 8:13 am
The IMF team made the suggestion at two separate meetings with Senior Secretary of Energy and Mineral Resources Division Md Mahbubur Rahman and Bangladesh Petroleum Corporation (BPC) Chairman ABM Azad at the secretariat on Th
The newly added firms are LNG Japan Corporation, Japan; Socar Trading UK Ltd.; POSCO International Corporation, Korea; Qatar Energy Trading LLC; Inpex Corporation, Japan; Pavilion Energy Trading & Supply Pte Ltd. Singapore; P
The banks are struggling to make the payments with allegedly ‘poor remittance’ and import earnings
The estimated value will be Tk 8,000 crore if it is counted at Tk 11 at consumer level
They also wanted to know about the overall electricity situation in the country. They have been given a comprehensive response on these matters
The IMF team also trained BBS officials on utilizing some tools for calculating GDP
Commerce Ministry’s Senior Secretary Tapan Kanti Ghosh is expected to lead his ministry. Besides, on the same day, another meeting with the Power Division is scheduled to be held. That meeting will be led by Secretary to Powe
IMF has also expressed concerns over suspicious transactions and money laundering
After the Russian invasion of Ukraine this February, the country’s major export market EU started pulling their work orders back because of their perilous economic states, pushing Bangladesh’s apparel exports to fall
Bangladesh continues to face severe and increasing climate risks, despite significant gains in reducing the human toll from climate disasters
Bond market development, risk management and control, compliance infrastructure and enforcement measures in the market will also be discussed in the meeting
It envisages unemployment insurance, maternity insurance, sickness insurance and employment injury Insurance, which is focused on the country’s factory workers
As per IMF suggestions, the central bank must follow the standard where spending for export development fund (EDF), loan to Sri Lanka and financing domestic projects from reserves must be excluded
The government has been trying its best to reduce the Non Performing Loans in the country as well as boosting the foreign currency reserve
The investment proposals from local and foreign entrepreneurs are expected to create 74,032 job opportunities in the country
The IMF mission will hold long discussion sessions with the NBR departments to know about the country’s present revenue and customs situation, before providing a $4.5 billion loan which Bangladesh is seeking from it
Completion of drilling may take two to three months. But finding new gas may take more than two years
Sustainability reporting, which is a standard that publicly discloses a company’s environmental, social, and governance practices, will be critical to this end
State agencies, including finance and commerce ministries, and central bank, are expected to sit for strategies tomorrow to choose a workable method
The government is also considering if Bangladesh Bank can introduce digital currency. Introduction of Central Bank Digital Currency (CDBC) will facilitate currency in virtual transactions and encourage startups and e-commerce
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