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
Now eggs become costlier
Consumers in Bangladesh who are already struggling to make ends meet following the recent rise in prices of various daily essentials are now being compelled to spend more on eggs and broiler chicken meat, the low-cost sources of protein.
20 February 2022, 18:00 PM
Farmers to get smart cards
The government is going to introduce smart cards for farmers with an aim to provide area-based and demand-based agricultural services.
5 February 2022, 18:00 PM
Rice price high despite new crop, ample imports
Rice prices have remained high in Bangladesh despite ample supply of the grain as farmers harvest the second biggest Aman crop, giving low-income groups a hard time amid persisting economic uncertainty.
11 January 2022, 18:00 PM
Onion prices shoot up
The retail price of onion has gone up to Tk 80 per kg in city kitchen markets, putting the low and middle income people, already reeling from Covid-19 fallout, under more financial pressure.
10 December 2021, 18:00 PM
Refiners seek yet another hike of edible oil price
Not even a month has gone by yet edible oil refiners are again proposing hiking prices for the fourth time this year, reasoning it to be a ripple effect of international rates.
28 November 2021, 18:00 PM
Potato prices soar on depleting stocks
In line with the spiralling cost of other daily essentials, the retail price of potato rose sharply by 39 per cent.
9 November 2021, 18:00 PM
Strike of goods transporters taking toll on trade
Though the strike involving public transport was withdrawn on Sunday evening, the owners and workers of vehicles engaged in transporting goods continued to enforce their countrywide protest as of yesterday evening, taking a toll on export, import and trade.
8 November 2021, 18:00 PM
Losses pile up for traders, exporters
Losses piled up for local traders and exporters yesterday as goods could not move owing to the countrywide transport strike.
7 November 2021, 18:00 PM
Rising Prices of Essentials: Misery piles up on the poor, middle class
Prices of many daily essentials, especially vegetables, have shot up further in the kitchen markets after transport workers enforced a strike and increased their fees in carrying goods to protest the recent fuel price hike.
6 November 2021, 18:00 PM
Export earnings rise on volume-driven growth
Bangladesh’s exports hit a historic high of $4.73 billion in October with a 60.37 per cent year-on-year increase riding on the stunning rebound of readymade and non-readymade garment shipment.
3 November 2021, 18:00 PM
‘Export earnings rise riding on volume-driven growth’
Bangladesh’s exports hit a historic high of $4.73 billion in October with a 60.37 per cent year-on-year increase riding on the stunning rebound of readymade and non-readymade garment shipment.
3 November 2021, 07:53 AM
Weakening exchange rate driving down remittance flows
The flow of remittance to Bangladesh has been shrinking for the last several months as the number of people going abroad in search of jobs is declining and money transfers through informal channels like hundi have made a comeback with the ease of pandemic restrictions.
2 November 2021, 18:00 PM
Weakening exchange rate driving down remittance flow: Debapriya
The inflow of remittance has been shrinking since the last several months as the number of people, going abroad, is decreasing and money transfers through informal channels like hundi are increasing with the ease of pandemic restrictions.
2 November 2021, 11:13 AM
Farmers supply two-thirds of their crops to markets
Farmers in Bangladesh sell most of their crops to meet their financial needs after keeping a small portion for the consumption of their families, according to a new survey of the Bangladesh Bureau of Statistics (BBS).
26 October 2021, 18:00 PM
39.5 lakh trading firms contribute 14pc to GDP
About 39.47 lakh establishments engaged in wholesale and retail trade, including motorcycle repair shops, contribute around 14 per cent to the country’s gross domestic product (GDP), according to a survey of the Bangladesh Bureau of Statistics (BBS).
25 October 2021, 18:00 PM
Fast-track projects back in fast lane
Although fast-track projects had previously witnessed slow implementation for various reasons including the pandemic, they are now progressing gradually, according to a report.
14 October 2021, 18:00 PM
Govt bans soybean meal exports
The government yesterday banned the exports of soybean meal in order to rein in the spiralling prices of the key ingredients of poultry and cattle feed and protect consumers from paying more for animal protein.
12 October 2021, 18:00 PM
Preparations not enough for mango export plan: experts
Although the government has set an ambitious target to export one lakh tonnes of mango annually within the next three to five years, no meaningful measures have been taken as of yet to achieve this lofty goal.
12 October 2021, 18:00 PM
Spiralling Food Prices: Low-income group half-fed
For Razia Sultana, a 50-year-old widow with three children to look after and a Tk 22,000 of fixed monthly income, every paisa counts.
9 October 2021, 18:00 PM
Pre-Pandemic Level: Poverty set to drop further
The World Bank in a report noted a gradual recovery in employment and earnings in Bangladesh, forecasting that the country’s poverty rate will come down to pre-pandemic levels in the current fiscal year.
7 October 2021, 18:00 PM