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News
LCs for industrial machinery, raw materials fall up to 10% in July
4+ day, 22+ hour ago (573+ words) The decline in industrial imports follows a negative 0.38 percent growth in large-scale industrial production during July–March of FY 2025–26, according to Bangladesh Bank data. The industrial stagnation gripping Bangladesh has deepened further, with letters of credit (LCs) opened in July,…...
Inflation falls to 8.26% in August: BBS
6+ day, 4+ hour ago (181+ words) The growth rate of general wages declined in August alongside inflation. Overall inflation in Bangladesh fell to 8.26 percent in August, the lowest rate recorded in the past nine months. Inflation stood at 8.32 percent in July. But on a month-on-month basis,…...
Govt to address safety gaps at ship recycling yards following accident: Minister
1+ week, 6+ day ago (328+ words) The ministry said action will be taken against those responsible in accordance with the law. The investigation report into the accident at Ferdous Steel Ship Recycling Industries in Chattogram has identified safety deficiencies and negligence at the facility. Action will…...
US debt crosses $40 trillion threshold after doubling under Trump and Biden
3+ week, 4+ day ago (684+ words) Total U.S. debt has topped $40 trillion for the first time, the Treasury Department said on Wednesday, drawing fresh warnings that a fiscal crisis is brewing as ballooning costs for social safety-net programs and interest payments far outstrip revenues held back by…...
Leadership uncertainty stalls Bangladesh’s state banks
3+ week, 5+ day ago (720+ words) State-owned banks carry a 45.2 percent NPL ratio Six months into the BNP government’s term, state-owned lenders remain burdened by bad loans as uncertainty over senior appointments holds back lending and strategic decisions. Mohammad Muslim Chowdhury, a former finance secretary, resigned…...
Govt to implement new pay scale for public servants this year: Finance Minister
3+ week, 6+ day ago (174+ words) The minister said the government would present the full decision once discussions on different aspects of the National Pay Commission’s recommendations are complete. Finance Minister Amir Khosru Mahmud Chowdhury on Monday said the government will implement the new pay scale…...