Northvolt files for bankruptcy in Sweden
Swedish electric car battery maker Northvolt has filed for bankruptcy in Sweden after failing to secure financing to enable it to continue operations, the struggling company said Wednesday...
Economy
Trade deficit decreases on high export earnings
The country鈥檚 trade deficit declined slightly in the first seven months (July鈥揓anuary) of the current fiscal year FY2024-25 compared with the same period in the previous fiscal year, as export earnings saw a notable rise...
Improved investment climate for pvt sector stressed
Debapriya Bhattacharya, convenor of the Citizen鈥檚 Platform for SDGs, Bangladesh, on Tuesday called for creating a favourable business environment for the private sector to adopt a sustainable business model...
Bangladesh's forex reserve drops to $19.7b
Bangladesh鈥檚 gross foreign exchange reserve, calculated as per the International Monetary Fund鈥檚 guidelines, has dropped to $19.7 billion, following a $1.75-billion payment to the Asian Clearing Union for import bills covering January and February...
Pvt sector credit growth plunges
Private sector credit growth in Bangladesh fell sharply to 7.15 per cent in January, deepening challenges in the banking sector and the broader economy...
Sluggish growth in new business and employment in February
Bangladesh experienced sluggish growth in new business and employment in February as compared to January, according to the latest Purchasing Managers鈥� Index (PMI) report...
Women鈥檚 participation in economy stressed
Speakers at a webinar today said that in order to eliminate gender disparity, it is imperative to focus particularly on boosting women鈥檚 participation in the economic sector...
Yunus invites Kuwaiti investors to investment summit
Chief adviser Muhammad Yunus on Sunday invited Kuwaiti investors to explore opportunities in Bangladesh鈥檚 Special Economic Zones and the upcoming Bangladesh Investment Summit to be held in April 7-9 in Dhaka...
NBR launches customs risk management regulations against money laundering
The National Board of Revenue has issued a notification introducing the 鈥楥ustoms Risk Management Regulations, 2025鈥� aimed at addressing economic risks such as money laundering and terrorism financing...
IMF chief says Sri Lanka stabilised, pledges more help
IMF chief Kristalina Georgieva pledged to support Sri Lanka鈥檚 economic recovery, praising the cash-strapped nation鈥檚 鈥榬emarkable turnaround鈥� during online talks with its president.
BANGLADESH INVESTMENT SUMMIT: IMS likely to be hired on direct purchase method聽
The government is likely to appoint the Integrated Marketing Service Ltd for management of the upcoming 鈥楤angladesh Investment Summit 2025鈥� to be held in the capital in Aril 7-10, said officials.
Sri Lanka signs $2.5b debt deal with Japan
Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateral creditors who had pledged debt relief to the cash-strapped nation last year.
Bagerhat sees abundance in watermelon harvest
As the golden sun casts its warm embrace over the lush fields of Bagerhat, the arrival of watermelon season paints a picture of abundance and promise.
Short term foreign loans drop below $10b after 4yrs
Private sector short-term foreign loans dropped below $10 billion in January for the first time in four years as businesses prioritised repaying existing loans over securing new ones, amid ongoing political unrest in the country...
US top remittance source in Feb
Bangladeshi expatriates in the United States sent home the highest remittance amounting to US$491.26 million in February, according to Bangladesh Bank data...