Dhaka February 25, 2025, 12:13 am
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
This work will be done jointly by the Financial Institutions Division and the Ministry of Law, Justice and the Parliamentary Affairs
Bangladesh has stopped procuring spot LNG cargoes since June and is considering purchasing more long-term supplies
The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face
The minister said this while addressing virtually at the 7th Board of Governors meeting of the Asian Infrastructure Investment Bank (AIIB)
The country managed to export only $683.4 worth of goods to China in FY 2021-22, which was only 1.31 percent of the country’s total export volume
Officials of the Ministry of Finance said the global lender would hold meetings with various government departments during then visit slated to last till November 9
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