ADB attaches 20 conditions to another $600m budget support
The Asian Development Bank (ADB) has outlined 20 conditions for Bangladesh to access $600 million in the second tranche of a loan for the implementation of its “Strengthening Economic Management and Governance Program”.
2 January 2025, 18:00 PM
Is cooling red-hot inflation to 7% by June possible?
The central bank governor projects cooling the red-hot inflation, which has hovered above 9 percent since March last year, to 7 percent by June next year.
14 December 2024, 18:00 PM
ADB approves $600m to accelerate economic recovery
The Asian Development Bank (ADB) has become the first among multilateral and bilateral lenders to respond to the interim government's call for budgetary support, approving $600 million aimed at easing pressure on foreign exchange reserves and accelerating economic recovery.
11 December 2024, 19:59 PM
Revised budget may be Tk 50,000cr smaller
Bangladesh’s national budget for fiscal year 2024-25 is likely to be reduced by more than Tk 50,000 crore, with the entire cut expected to be made in funds meant for the annual development programme (ADP).
7 December 2024, 18:00 PM
Bangladesh ‘sleepwalked’ into middle-income trap
Bangladesh, mired in data fog, has “sleepwalked” into the middle-income trap according to the white paper on the state of the country’s economy.
3 December 2024, 18:00 PM
Distressed loans equal to cost of 22.5 Padma bridges
Distressed assets in the banking sector have reached a whooping Tk 6,75,030 crore, an amount bigger than the cost of building 22 bridges across the Padma or 13.5 metro rail systems in Dhaka, according to a White Paper released yesterday.
1 December 2024, 18:34 PM
Banks reel from liquidity crisis despite rising deposit rates
Despite rising interest rates on deposits and various efforts by the central bank, Bangladesh’s banking sector continues to face a liquidity crisis that has hamstrung some lenders.
25 November 2024, 18:00 PM
Moody’s downgrades Bangladesh banking rating to ‘very weak’
Moody’s has downgraded Bangladesh’s banking sector to “very weak” from “weak”, citing worsening client confidence, limited transparency and inadequate financial safeguards over the past year.
20 November 2024, 18:00 PM
Credit card use dips in July
Money spent through credit cards fell by 2.96 percent in July compared to the previous month, showed data from the Bangladesh Bank (BB).
16 September 2023, 11:46 AM
Fire only left my misfortune: jewellery shop owner
"I couldn't get anything out of the shop. Some of the gold and silver that I had burned and melted. The fire took everything. What it left is just my misfortune," said Ashraf Uddin, the owner of a jewellery shop.
14 September 2023, 12:50 PM
Universal Pension Scheme: All you need to know
The government rolled out the much-anticipated universal pension scheme today with an aim to bring all citizens aged above 18 under the coverage. Here are some of the key issues regarding the pension scheme.
17 August 2023, 12:27 PM
IBBL, Agrani, Al-Arafah top remittance recipient banks in FY23
Islami Bank Bangladesh Ltd (IBBL) retained the top spot among the lenders bringing remittance to the country in the just-concluded fiscal year, data from the central bank showed.
7 July 2023, 00:30 AM
Barishal home to highest portion of recipients
The percentages of households and people getting support from the government’s Social Security Programmes (SSP) in Barishal are the highest among the country’s eight divisions, according to the Household Income and Expenditure Survey (HIES) 2022.
27 June 2023, 18:00 PM
Remittance rebounds
Remittance rebounded in Bangladesh in the outgoing financial year, extending some breathing space to an economy struggling to keep its head above water amid the lingering crisis at home and abroad.
27 June 2023, 00:00 AM
Remittance hits 3-month high
Remittance flows to Bangladesh rose to a three-month high in June as expatriates sent home $1.79 billion in the first 23 days of the month to help their families celebrate Eid-ul-Azha.
26 June 2023, 09:50 AM
Resilient Growth of Bangladesh’s Tiles Industry: A Promising Journey
The tiles industry in Bangladesh has emerged as a resilient and dynamic sector, demonstrating remarkable growth since its inception and successfully overcoming various challenges.
20 June 2023, 18:00 PM
Tk 761,785 crore budget unveiled
The proposed budget will be 15.2 per cent of the Gross Domestic Product (GDP), according to the budget speech of the finance minister.
1 June 2023, 08:36 AM
Grameen UNIQLO to wind up operations in Bangladesh
Grameen UNIQLO, a clothing brand, has said it is going to close all of its outlets in Bangladesh, more than a decade after it began its journey in the country.
11 May 2023, 07:15 AM
‘I risked my life but couldn’t save anything from fire’
“I risked my life to enter my shop despite the fire but could not save anything,” said Md Babul, a seller of baby cloth items at the New Super Market.
15 April 2023, 08:32 AM
Non-food expenditure up, food costs down
Non-food expenditure of households has increased in Bangladesh in the past six years compared to expenses aimed at food purchases, data from the Bangladesh Bureau of Statistics (BBS) showed.
12 April 2023, 10:26 AM
Monthly household income doubles in 6 years
The average monthly household income in Bangladesh rose to Tk 32,422 in 2022, up more than 102 per cent from six years ago, according to the latest data from the Bangladesh Bureau of Statistics (BBS).
12 April 2023, 08:07 AM
How slow is Bangladesh border for exports?
The World Bank has found out that the exporters need around 300 hours to meet the border and documentary compliance requirements in Bangladesh, whereas the time comes down to 60 hours in India and 30 hours in China.
9 April 2023, 15:27 PM
What is Bangladesh’s brand value?
In term of brand value among the South Asian countries, Bangladesh stands second after India while the brand values of Pakistan, Sri Lanka and Nepal are respectively $232 billion, $48 billion and $29 billion
2 April 2023, 13:32 PM
Who have highest/lowest bank deposits in Bangladesh?
Dhaka division’s 4.19 crore people in 13 districts have stored in banks a total of Tk 9.79 lakh crore, around 85 per cent of which, or Tk 8.32 lakh crore, belong to the people living inside Dhaka district alone.
28 March 2023, 15:46 PM
Bangladesh slips in digital readiness indicator
Shows the Agility Emerging Markets Logistics Index 2023
9 February 2023, 02:30 AM
Taming inflation, maintaining exchange rate stability critical: BB
The major challenges for Bangladesh will be keeping inflation under control while maintaining currency rate stability in the coming days, according to the Bangladesh Bank's annual report.
17 January 2023, 09:08 AM
High inflation rate may persist throughout FY23
The current level of high inflation rate may persist throughout the ongoing fiscal year, according to a forecast of the Bangladesh Bank.
5 January 2023, 07:29 AM
Bangladesh’s biggest problem ahead is political crisis: MM Akash
Bangladesh’s economic situation may worsen thanks to internal reasons mainly political crisis that will appear in the days to come rather than the external factors, said MM Akash, economics professor of Dhaka University.
7 November 2022, 11:54 AM