The International Monetary Fund (IMF) is likely to approve the fourth and the fifth tranches of a $4.7 billion loan for Bangladesh during the IMF-World Bank Spring Meetings in Washington this April. But the global lender will continue discussions with Bangladesh to reach a staff-level agreement in this regard soon, said
Business
Titas Gas continues crackdown on illegal gas connections
Titas Gas Transmission and Distribution PLC continues its drive to identify and remove illegal gas connections. As part of a regular operation, a mobile court led by executive magistrate Milton Roy from the Energy and Mineral Resources Division conducted an eviction drive on Tuesday in the Jamgora and Itkhola areas of
Yunus urges Trump to defer reciprocal tariffs on Bangladesh by 3 months
Chief Adviser Professor Muhammad Yunus has written to US President Donald Trump, urging him to delay the implementation of reciprocal tariff measures on Bangladesh for three months. In a letter, Prof Yunus requested the postponement to allow the interim government sufficient time to implement its initiative aimed at significantly boosting US
7 ex-officials of Sonali Bank among 11 jailed for embezzling Tk 1.38 crore
A Dhaka court on Monday sentenced eleven people including seven officials of Sonali Bank including the former Managing Director of the bank, to different terms jail for embezzling Tk 1.38 crore. Judge of the Dhaka Special Judge Court-6, Md Zakaria Hossain passed the order after hearing a petition. Among the convicts, seven
IMF happy with Bangladesh’s economic progress: Salehuddin
Finance Adviser Dr Salehuddin Ahmed on Sunday said the International Monetary Fund (IMF) has expressed satisfaction with the recent progress in Bangladesh economy. "The IMF team has observed that the country's economy is heading in the right direction," he told reporters after a meeting with the visiting IMF delegation at the
Evaly CEO Rassel, chairman Nasrin get 3 yrs jail in cheque fraud case
A Dhaka court on Sunday sentenced e-commerce platform Evaly's Managing Director and CEO Mohammad Rassel and Chairman Shamima Nasrin to three years of imprisonment each in a cheque fraud case. Judge of Dhaka Metropolitan Magistrate Court Md Minhazur Rahman pronounced the judgment and fined them Tk 5, 000 each, in default
Yunus holds emergency meeting on US rariffs
Chief Adviser Professor Muhammad Yunus on Saturday held an emergency meeting with top experts, advisers and officials, giving necessary directives to deal with the US tariff issue. Foreign Affairs Adviser Md Taouhid Hossain, High Representative to CA Dr Khalilur Rahman, Chief Adviser's Special Envoy Lutfey Siddiqi and Bangladesh Bank Governor Dr
Efforts underway to address tariff issue with US: Press Secretary
Chief Adviser's Press Secretary Shafiqul Alam on Thursday said their ongoing work with the US government is expected to help address the tariff issue. The United States has announced a 37-percent tariff on imports from Bangladesh as part of President Donald Trump's sweeping new "Reciprocal Tariffs" policy. "Bangladesh is reviewing its tariffs
Petroleum fuel prices to remain unchanged in April
Prices of the petroleum fuels will remain unchanged for the month of April. As per an announcement of the Energy and Mineral Resources Division, the retail prices of fuel in the country will remain unchanged as per the existing price structure. Accordingly, the prices of both diesel and kerosene will remain at
Eid Shopping Frenzy: Dhaka’s footpaths abuzz with middle-class shoppers
Eid Shopping Frenzy: Dhaka’s footpaths abuzz with middle-class shoppers As the crescent moon of Eid-ul-Fitr draws near, the heart of Bangladesh's capital pulsates with an electrifying shopping spree. The city's pavements, ordinarily an unassuming stretch of concrete, have been transformed into a kaleidoscope of colour, fabric and fervour, drawing thousands of eager