The Centre for Policy Dialogue (CPD) on Saturday recommended a minimum monthly wage of Tk 22,776 for workers of the country's tannery industry considering the rising cost of living. However, the industry leaders said it would not be possible for them to implement the recommendation due to a downtr
The Bangladesh Railway (BR) has sought an allocation of Tk 14.53 billion in the upcoming development budget even if its project period will end this June, officials said on Saturday. The 14-year struggling project is due for completion in June of this fiscal year (FY) 2023-24, but the fresh alloca
Power China, the builder of Bangladesh's first 60-megawatt (MW) capacity wind power plant, is eyeing to build two new similar plants with a combined capacity of 260MW near the existing one in Cox's Bazar, showing substantial prospects of such renewable energy in the country. "We have planned to bu
Bangladesh's budget deficit keeps widening with the current fiscal's seven-month shortfall having ballooned to nearly Tk 230 billion, as government spending far outstrips revenue receipt. The deficit was recorded Tk 83.38 billion during July-December or the first half of this fiscal year beg
Bangladesh's garment exports to the US, the country's largest export destination, fell by over 17 per cent year-on-year to $1.75 billion in January-March, according to the Office of Textiles and Apparel (OTEXA), a body under the American Commerce Department. The slump is evident in both the value
Warren Buffett took the stage at Berkshire Hathaway's (BRKa.N) annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger while saying Berkshire is committed to holding Apple despite cutting its stake. The meeting is the 60th for Buffett, 93, since he took over Berk
The fact that the national board of revenue (NBR) has expressed its intention to revise the taxation rate by 5.0 per cent upwards for higher income people has naturally ruffled feathers. And the move has been criticised by experts and economists alike. There is no denying that the elevated cost of
Sadiq Khan was re-elected as London's mayor, final results showed on Saturday, helping to cement the Labour Party's commanding lead over the governing Conservatives in local polls ahead of Britain's national election later this year. Khan's victory, his third in a row, was widely expected despite
The country's new finance minister and a new state minister for finance are now busy finalising the national budget for the upcoming fiscal year (FY25). It will be the nation's 53rd annual national budget, and the ongoing pre-budget consultations suggest that the government will enhance the outlay
From the beginning of summer this year, a sizzling record-breaking heat wave grabbed the attention of all. Indoors, outdoors - it was impossible to miss or to avoid. It even grasped the attention of the international media because Bangladesh is known worldwide for its temperate climate and this hea
FTY2025 Budget, coming in the first week of June, will give us economists an idea of whether the new government means business. In the past couple of years, the economy has confronted challenges on multiple fronts, particularly with respect to the country's internal and external balances. Thankfull
Meghna Bank has launched a dedicated business unit to extend end to end banking support for Airlines companies. Recently the official inauguration of this specialized unit was held at Meghna Bank head office in presence of senior executives of top line airlines - Emirates, Qatar Airways, Gulf Air,
