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Dhaka transport plan seeks $64b investment

Dhaka will require around US$64 billion in transport investment over the next two decades to tackle worsening traffic congestion, improve mobility and support sustainable urban growth, according to the updated Strategic Transport Plan unveiled on Tuesday.The plan proposes the development of eight metro rail lines, five monorail routes and a...

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Net foreign aid inflow hits low

Bangladesh's net foreign aid inflow fell sharply to just US$445 million during the first 11 months of FY2025-26 as external debt servicing costs continued to rise while foreign aid disbursements and fresh commitments declined, according to official data.The country's total external debt servicing obligations rose to $4.13 billion between July...

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PM thanks Malaysian counterpart, govt for warm hospitality

Dhaka, June 23 (UNB) - Prime Minister Tarique Rahman on Tuesday expressed his heartfelt gratitude to Malaysian Prime Minister Anwar Ibrahim, his wife Dr Wan Azizah Wan Ismail, and the government and people of Malaysia for the warm hospitality extended to him and his delegation during his first official overseas...

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Ctg port posts record surplus despite global economic slowdown

Chittagong Port, Bangladesh's principal maritime gateway and a key driver of the country's external trade, has recorded robust growth in revenue, cargo handling and container throughput despite continuing uncertainties in the global economy.According to data released by the Chittagong Port Authority (CPA), the port generated a revenue surplus of Tk...

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BB launches convertible taka account for NRBs

Bangladesh Bank (BB) has introduced a Non-Resident Convertible Taka Account (NRCTA) facility for Non-Resident Bangladeshis (NRBs) as part of its efforts to boost remittance inflows and strengthen investment linkages. The new facility is expected to allow the NRBs to hold freely repatriable taka deposits and invest more easily in the...

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Saudi operator brings first green crane to Patenga terminal

The Saudi operator of Chittagong Port's Patenga Container Terminal (PCT) is set to launch state-of-the-art gantry crane operations from July, a move expected to significantly enhance container-handling efficiency at the largest seaport of the country.Saudi Arabia-based Red Sea Gateway Terminal (RSGT), which has been operating the terminal since June 2024,...

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IMF seeks removal of section 18(A) as condition for new loan package

The International Monetary Fund (IMF) has sought a time-bound action plan for comprehensive banking sector reforms, specifically raising structural objections over the newly added Section 18(A) of the Bank Company Act, finance ministry sources said, reports UNB.The global lender has placed these conditions as part of ongoing negotiations for a...

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Transport operators occupy a passenger shelter

Transport operators occupy a passenger shelter and use it as ticket counters in the busy Sayedabad area of the capital. The photo was taken on Tuesday. — FE Photo

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