In view to open train services along with road vehicles through the Padma Multipurpose Bridge (PMB) on the same day that the Bridge is completed, Bangladesh agreed to take Preferential Buyers Credit (PBC) instead of soft loan from China. After a hectic correspondence, China agreed to finance 85 per…

Inflow of remittances has witnessed an upward trend in the recent months as expatriates sent home US$1267.61 million in May, which was $174.97 million up from April and $53.15 million up from the corresponding month in the previous fiscal 2015-16 (FY16), according to Bangladesh Bank (BB) data, reports…

The International Monetary Fund (IMF) welcomed the country’s move to introduce a modern and identical VAT (value added tax) regime from the next financial year saying that it would help mobilise more internal resources, reports BSS. In the proposed budget for the 2017-18 financial year (FY18),…

AFP, HONG KONG: The pound plunged two per cent yesterday as Prime Minister Theresa May lost her majority in Britain’s general election, fuelling…

AFP, WASHINGTON: The IMF's proposed compromise on Greece raises hopes it will break a deadlock with Europe next week and open the way for the release of desperately needed funds for Athens, averting a renewed crisis in July. The International Monetary Fund is not bending its rules to help crisis-ridden…

AFP, NEW DELHI:  Solar power prices in India have hit rock bottom, but it is not all good news for the electricity-starved country as the phenomenon…

AFP, BUENOS AIRES: Germany and Argentina voiced hopes Thursday for a free trade agreement between the European Union and South America as German Chancellor Angela Merkel visited Buenos Aires. In talks with Argentine President Mauricio Macri, Merkel discussed bilateral commerce and efforts to strike…