Reserves as per IMF formula now $20.467b: BB

Bangladesh Bank has cleared US$ 1.42 billion in liabilities to the Asian Clearing Union (ACU) for the months of May and June. Following this transaction, Bangladesh’s gross reserve stands at $26.171 billion, while reserves as per the IMF’s BPM6 formula are at $20.467 billion as of Tuesday. Md Mezbaul Haque, executive director

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MyGP hits new milestone with 20 million monthly active users

MyGP, Grameenphone’s flagship app, has recently reached a significant landmark, amassing 20 million monthly active users, making it Bangladesh’s leading app. This achievement solidifies MyGP's position as the country's leading digital platform providing unparalleled convenience and a seamless digital experience to millions of Bangladeshi mobile users right at their fingertips.

Ruto warns of consequences after $80b debt effort fails

The ballooning debt in East Africa’s economic hub of Kenya is expected to grow even more after deadly protests forced the rejection of a finance bill that President William Ruto said was needed to raise revenue. He now warns “it will have huge consequences.” Facing public calls to resign, Ruto has

Dhaka, Beijing sign 21 instruments, announce 7 projects

Bangladesh and China on Wednesday signed 21 cooperation documents, mostly MoUs, eyeing stronger development and economic cooperation between the two Asian countries. The two countries also announced seven outcomes, including the conclusion of joint feasibility study on Bangladesh-China Free Trade Agreement (FTA). The documents were signed and outcome announced after the delegation-level

China to cooperate with Bangladesh in grants and loans

Chinese President Xi Jinping on Wednesday said China will extend cooperation to Bangladesh in four areas - grant, interest-free loans, concessional loans and commercial loans. For that, a technical committee from China will go to Bangladesh very soon to work jointly with the Bangladesh side. Xi made the remarks during a meeting