Foreign Debt Payment shoots up in Q1 The country’s external debt payment reached a new high of nearly $500 million in the first quarter (Q1) of this fiscal year. The quarterly debt-servicing data released by the finance division showed the repayment rose by over 24 per cent to US$ 495.2

12 International companies to invest $5.78b in SEZs Twelve international companies would make around US$ 5.78 billion in foreign direct investment (FDI) in Bangladesh’s special economic zones (SEZs), generating 13,000 new jobs for the local people. As per the officials, the FDI is coming from Japan, Malaysia, China, United Kingdom

Govt takes Tk 27.47b Projects for easing land services The government has taken Projects worth Tk 27.47 billion (Tk 2,747 crore) aiming at easily reaching all land-related services adopting facilities of digitisation to the people’s doorsteps in a hassle-free manner. The Ministry of Land will implement the Projects for automation

Foreign investors to purchase shares worth $100m of United Mymensingh Power United Power Generation & Distribution Company Limited and its major shareholder United Mymensingh Power Limited (“UMPL”) executed an agreement with an international private equity group for an investment of BDT 8.5 billion (approximately US$100 million). The investors will purchase

Bangladesh Bank seeks info on banks’ investment in commercial papers The central bank has asked all commercial banks to provide information about their investment in commercial papers (CPs) and relevant other issues by October 30, to check if any risk is involved. “We’ve already sent a letter in this connection