Web Analytics
Bangla
Loading date...
RECENT THREADS SOCIAL PAGE LOGIN

The joint committee formed to enhance the development of Bangladesh's capital market held its first meeting at the Bangladesh Bank headquarters. Chaired by Dr. Md. Ejazul Islam, Executive Director of Bangladesh Bank, the meeting included officials from the central bank, Bangladesh Securities and Exchange Commission (BSEC), and the Ministry of Finance. Discussions focused on identifying key strategies to strengthen market infrastructure, improve regulatory coordination, and ensure sustainable growth of the capital market in line with national economic objectives.

Finance Advisor Dr. Salehuddin Ahmed has stated that ongoing reforms in the banking and SME sectors will be completed by December 2025, aiming to restore transparency and public confidence. He acknowledged structural weaknesses in struggling banks and emphasized coordinated efforts by the government and Bangladesh Bank to modernize the SME sector. He added that complications over the planned division of the National Board of Revenue (NBR) led the IMF to avoid a scheduled meeting on loan relief. He further noted that the IMF disregarded a formal letter from the NBR chairman, prompting him to provide an explanation.

02 Jul 25 1NOJOR.COM

IMF Avoids Meeting Over Loan Waiver Amid NBR Dispute, Says Finance Advisor

U.S. President Donald Trump said that while trade talks with Japan have taken place, he is not optimistic about reaching any agreement, describing Japan as “very stubborn.” Trump complained that although Japan urgently needs rice, it shows little interest in importing U.S. rice or other goods. He added that he has no plans to extend the July 9 deadline for the negotiations and instead intends to pressure various countries into deals by sending them letters.

In a separate remark, Trump lashed out at Federal Reserve Chairman Jerome Powell, calling him “foolish,” claiming that lowering interest rates by three points could have saved nearly a trillion dollars. He also noted that he is considering two or three top candidates to replace Powell.

02 Jul 25 1NOJOR.COM

Trump Criticizes Japan as “Stubborn,” Doubts Trade Deal Feasibility

Bangladeshi agricultural entrepreneur and BNP Vice Chairman Abdul Awal Mintoo has been named the recipient of the "Top Agri-Food Pioneer" award by the US-based World Food Prize Foundation. Mintoo, founder of Lal Teer Seeds Ltd., has made significant contributions to seed development, livestock, and food security for over four decades. He established the country’s first ISTA-accredited seed testing lab and pioneered hybrid seed and semen technologies in Bangladesh. He will be officially honored in October 2025 in Iowa, USA.

02 Jul 25 1NOJOR.COM

Abdul Awal Mintoo to Receive Global Agricultural Honor

US Senator Lindsey Graham has warned that countries continuing to trade with Russia while failing to support Ukraine could face tariffs as high as 500% on their exports to the United States. The warning follows the passage of a bill endorsed by former President Donald Trump, now approved by the US Senate, aiming to economically pressure countries maintaining business ties with Moscow.

Experts believe the measure could significantly impact nations like India and China, who are major importers of Russian oil and other goods. Senator Graham emphasized that the proposed tariffs are targeted at nations choosing commerce with Russia over humanitarian support for Ukraine. With India-Russia trade volume surging to $68.7 billion, analysts caution the bill could deal a heavy blow to India's economy if enforced.

02 Jul 25 1NOJOR.COM

US May Impose 500% Tariff on Imports from Countries Trading with Russia, Warns Senator Lindsey Graham

In the first half of 2025, the U.S. dollar has depreciated by over 10% in global markets — marking its steepest decline since 1973. Analysts attribute the slump to former President Donald Trump’s aggressive tariff policies and an increasingly isolationist foreign policy. Growing concerns over inflation, ballooning government debt, and unpredictable trade policies have shaken investor confidence, raising questions about America's leadership in the global financial system. While the falling dollar has made imports more expensive, exporters are seeing higher profits. According to Standard Chartered, "It's not about whether the dollar is strong or weak — it's about how the world perceives the United States."

02 Jul 25 1NOJOR.COM

U.S. Dollar Suffers Sharpest Six-Month Decline Since 1973

As of June 30, Bangladesh Bank reported gross foreign reserves of $31.68 billion, a $370 million increase from the previous day.
Spokesperson Arif Hossain added that under the IMF calculation method, the reserves stand at $26.66 billion. Economists welcomed the growth but emphasized the need to boost exports and remittances to maintain long-term stability.

01 Jul 25 1NOJOR.COM

Bangladesh’s Gross Foreign Reserves Rise to $31.68 Billion

The interim government of Bangladesh has scrapped 37 solar power projects involving 14 countries, citing irregularities and politically motivated approvals during the Awami League's tenure.

The canceled projects had a combined capacity of 3,287 MW and included investments from China (4 projects), Singapore (7), India (1), and the United States (1). This move puts approximately $6 billion in potential investment and $300 million in sunk costs at risk.

Chinese investors have expressed concern and called for a peaceful resolution. Energy experts stressed the need for policy stability and stronger coordination from the Bangladesh Investment Development Authority (BIDA).

01 Jul 25 1NOJOR.COM

Interim Government Cancels 37 Solar Power Projects Approved Under Awami League

Economic adviser Dr. Salehuddin Ahmed has remarked that former central bank governors acted as agents of the government, but insisted that such practices are no longer the norm.

Speaking to NBR officials, he encouraged them to maintain neutrality and transparency in their duties. On recent anti-corruption investigations against six NBR officials, he declined to comment but asserted the current government does not interfere in such matters.

He also expressed concern over disruptions to port and revenue services, saying these actions harm the national interest and damage the business climate.

01 Jul 25 1NOJOR.COM

Former Governors Acted as Government Agents — Not Anymore: Economic Adviser

Bangladesh Bank formed a five-member committee in January to restructure defaulted loans of 500 million taka or more. Despite receiving 1,253 applications, none have been finalized yet due to complex verification, multiple stakeholders, and regulatory hurdles. The delay has caused an increase in non-performing loans, worsening entrepreneurs’ conditions. Committee members emphasize their commitment but highlight challenges in identifying genuine defaulters and coordinating among numerous banks. The central bank plans to expand the committee to speed up resolutions and support the economy.

Bangladesh Economic Zones Authority (BEZA) and the Asian Development Bank (ADB) have signed a landmark agreement to implement the country’s first solar power project under a public-private partnership model. Located in Sonagazi, Feni, the plant will generate 100–200 MW and include a battery storage system. Set on 400 acres of BEZA land, the project aims to reduce carbon emissions and ensure uninterrupted power to industrial zones. ADB will assist with feasibility studies, environmental assessments, and international bidding processes to attract investors.

Bangladesh’s foreign exchange reserves have climbed to $31.31 billion, according to a press release from Bangladesh Bank. However, when calculated under the IMF’s BPM6 methodology, which provides a standardized global framework, the reserve stands lower at $26.33 billion. The discrepancy arises from differing accounting practices, where BPM6 excludes certain unusable funds. The update was shared on Sunday, highlighting the country’s ongoing efforts to maintain a healthy reserve level amid global economic challenges and policy reforms under the IMF’s guidance.

The National Board of Revenue (NBR) collected Tk 3,60,920 crore in revenue by 10:00 AM on June 30, the last day of the fiscal year. NBR Chairman Md. Abu Rahman Khan confirmed the figure and said final numbers will take 2–3 weeks to reconcile fully. Despite recent disruptions due to officer protests, all departments resumed operations, and revenue collection is expected to surpass last year’s total. Khan emphasized systematic reporting through iBAS and assured continued efforts to support government spending in July.

Tech billionaire Elon Musk has harshly criticized former U.S. President Donald Trump’s mega-budget bill, calling it “absolutely insane.” Musk warned that the legislation would push the country into “debt slavery” and destroy millions of jobs. The fallout between Musk and Trump escalated earlier in June when Trump introduced the controversial tax and spending bill, which narrowly passed a Senate hurdle with a 51-49 vote. Musk further accused the bill of supporting outdated industries while ignoring future-oriented sectors such as renewable energy and tech innovation.

30 Jun 25 1NOJOR.COM

Elon Musk Slams Trump’s Budget Bill as ‘Insane,’ Predicts Economic Catastrophe

China has renewed a $3.4 billion loan for Pakistan, enhancing the country's foreign exchange reserves to $14 billion when combined with recent commercial and multilateral loans. Of the total, $2.1 billion was renewed from Pakistan's central bank reserves, where the funds had been held for the past three years. Additionally, Beijing has refinanced a $1.3 billion commercial loan repaid by Islamabad two months ago. Pakistan has also secured another $1 billion from Middle Eastern commercial banks and $500 million from multilateral sources.

30 Jun 25 1NOJOR.COM

China Renews $3.4 Billion Loan for Pakistan, Boosting Reserves to $14 Billion


The ‘1 Nojor’ media platform is now live in beta, inviting users to explore and provide feedback as we continue to refine the experience.