Business & Economy

Business & Economy

Bangladesh and IMF plan further talks on proposed loan

Bangladesh and the International Monetary Fund plan further negotiations over the next two to three weeks to resolve issues surrounding a proposed new lending programme, Finance Minister Amir Khosru Mahmud Chowdhury said in Bangkok on 16 October.

Business & Economy

Malaysia agrees in principle to recruit 10,000 Bangladeshis at no cost

Malaysia has agreed in principle to recruit 10,000 Bangladeshi workers without recruitment costs, Bangladesh’s expatriates’ welfare ministry says. The two countries have also agreed on a list of 338 recruiting agencies. Medical-centre arrangements are still being finalised, so the announcement does not mean departures have begun.

Business & Economy

IMF urges tight monetary policy and deeper banking reforms

The IMF says Bangladesh should maintain tight monetary policy while strengthening revenue collection and repairing its financial sector. Talks on a new lending programme continue. The fund’s priorities include reducing banking weaknesses and raising government revenue; the discussions do not amount to approval of a new loan.

Business & Economy

Minister targets 300MW from Rooppur for national grid in November

Bangladesh is trying to add 300MW from Rooppur’s first reactor to the national grid in November, minister Faqir Mahbub Anam says. Fuel loading for the second unit is planned for June 2027. These are commissioning targets, with testing still required before power supply can begin.

Business & Economy

National Bank resumes depositor repayments after emergency funding

National Bank has begun repaying depositors after receiving Tk7,000 crore in liquidity support from Sonali Bank. Savings-account customers were able to withdraw money on the first day, but access to older corporate balances remained less clear. The funding is intended for deposit repayments, with conditions on its use.

Business & Economy

NBR extends July–September VAT return deadline to 25 October

Businesses have until 25 October to submit VAT returns for July–September, the National Board of Revenue says. The extension from 15 October allows more time for changes to the electronic VAT system. Returns filed within the extended period will not attract interest or penalties for the delay.

Business & Economy

Minister says government has no immediate plan to sell Nagad

The government has no immediate plan to sell mobile financial service Nagad, minister Faqir Mahbub Anam says. He said the priority was to modernise the service and improve its business position. The statement sets out the government’s present intention; it does not announce a completed restructuring or sale.

Business & Economy

BSTI plans Tk850 crore laboratory expansion

Bangladesh’s standards agency plans a 13-storey centre containing 63 laboratories, plus new facilities in 10 districts. The programme aims to strengthen product testing and preserve international recognition as the country leaves LDC status.

Business & Economy

Government approves LNG and fertiliser import packages

Cabinet committees have approved nine LNG cargoes from Trafigura and 237,000 tonnes of fertiliser from suppliers in four countries. The purchases aim to protect gas supply and farm inputs but add exposure to volatile global prices.

Business & Economy

PKSF signs Tk500 crore solar-finance agreement

PKSF and the Finance Division have agreed a Tk500 crore programme to finance solar installations. Loans will reach end users through partner organisations at 6 per cent interest, aiming to widen clean-energy access and private participation.