Category: Economic

Corruption is the main problem in the power and energy sectors.

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Desk Report, Corruption is the main problem in the power and energy sectors. Power, Energy and Mineral Resources Advisor Fauzul Kabir Khan said, “The main problem in the power and energy sector is corruption. Then one of the problems was the outstanding bills of 3.2 billion US dollars. Due to this, problems arose with energy supply. We took responsibility and paid these bills with special initiative. Now there are 700 million US dollars outstanding bills, which is normal.” Corruption is the main problem in the power and energy sectors. Fauzul…

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Nagad to be sent to private sector, notification within a week: Governor

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Economic Desk: Nagad to be sent to private Bangladesh Bank Governor Ahsan H. Mansur said that the government has decided to transfer the mobile financial services (MFS) service provider Nagad to the private sector. A notification will be issued within the next week to find investors for the company. The Governor said these things while speaking as the chief guest at the ‘Cashless Bangladesh Summit 2025’ jointly organized by ICMAB and MasterCard at the Sonargaon Hotel in the capital on Wednesday (August 27). Dr. Ahsan H. Mansur said, ‘When it…

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Why are millionaires flocking to Dubai?

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Desk Report, Why are millionaires flocking to Dubai? Nowhere in the United Arab Emirates, including Dubai, does one have to pay income tax. In addition, while living a luxurious life is becoming increasingly difficult in other cities around the world, such a lifestyle can be easily enjoyed in the country. Why are millionaires flocking to Dubai? The United Arab Emirates, especially the city of Dubai, has long been welcoming the rich from neighboring countries. However, now the number of millionaires moving here from Western countries is increasing. Those who help…

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Gucci sales down 25 percent, impact of geopolitical uncertainty

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Desk Report, Gucci sales down 25 percent, impact of geopolitical uncertainty Kering, the parent company of the world-famous luxury goods brand Gucci, reported worse-than-expected results in the second quarter of the year. The company is going through a deep crisis. They also cited ongoing geopolitical uncertainty for this situation. Gucci sales down 25 percent, impact of geopolitical uncertainty Kering’s sales in the April-June quarter fell 15 percent to 3.7 billion euros compared to the same period last year. Although analyst firm LSEG had estimated that sales would be around 3.96…

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Economic recovery has come, not complacency: Financial advisor

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Desk Report, Economic recovery has come, not complacency: Financial advisor Financial Advisor Salehuddin Ahmed said, we have returned from the edge of the ditch. The economy has not yet reached the top of a safe mountain. Relief has come to the economy, but there is no room for complacency yet. The Financial Advisor said this at a press conference held at the Secretariat on Tuesday afternoon on the interim government’s one-year economy. Economic recovery has come, not complacency: Financial advisor The Financial Advisor said, the interim government wants to make…

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Trump calls on China to buy four times as much soybeans from the US

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Desk Report, Trump calls on China to buy four times as much soybeans from the US US President Donald Trump has called on China to increase its purchases of soybeans from the United States. His call is for China to increase its purchases of soybeans from the United States fourfold. Trump calls on China to buy four times as much soybeans from the US Donald Trump made this call before the end of the tariff war between the two countries. The price of soybeans in the Chicago market has increased…

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India imposes new restrictions on Bangladesh’s jute exports

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Desk Report, India imposes new restrictions on Bangladesh’s jute exports India has once again imposed restrictions on the import of Bangladeshi goods. Under this restriction, Indian traders will now not be able to import four types of jute products from Bangladesh through land ports. These products can only be imported through the country’s Navseva port in Mumbai. A notification has been issued by the Director General of Foreign Trade (DGFT) of the Ministry of Commerce and Industry of India on Monday with such restrictions. India imposes new restrictions on Bangladesh’s…

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Foreign operators by December

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DEsk Report, Foreign operators by December Operators will be appointed to operate the NCT, Laldia and Bay terminals of Chittagong Port by December 31, said Ashiq Chowdhury, executive chairman of Bangladesh Investment Development Authority (BIDA) and Bangladesh Economic Zone Authority (BEZA). He said this after inaugurating a service desk for users at Gate No. 4 of the port on Sunday. Foreign operators by December The process of appointing foreign operators to these container terminals of the port began during the ousted Awami League government in August. Among them, the government…

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Xentech is conducting a survey to provide Robi’s 5G technology services at Chittagong Port

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Desk Report, Xentech is conducting a survey to provide Robi’s 5G technology services at Chittagong Port A study is being conducted on the use of 5G technology in the operation of Chittagong Port. The study will be conducted for Robi Axiata by the mobile operator’s subsidiary company, Xentech. An agreement in this regard was signed between the Chittagong Authority and Xentech on Sunday. This information was given in a press release sent by Robi. It said that the agreement signing ceremony was held at the Chittagong Port Authority office. Under…

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Economic collapse averted, investment uneasy

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Desk Report, Economic collapse averted, investment uneasy In the past year of the interim government, the decline in various economic indicators has been prevented. The level of risk has been reduced. However, the economy and trade have not yet been completely free from pressure, and discomfort still remains in several places. There is a kind of uncertainty in trade and investment centered on national politics and elections. The US counter-tariffs have been added to the export sector. Economic collapse averted, investment uneasy The good news is that the dollar crisis…

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