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
What goes wrong with the credit guarantee scheme?
The stimulus package for the CMSME (Cottage, micro, small, and medium sized enterprises) sector has failed to get momentum despite the fact that Bangladesh Bank rolled out a credit guarantee scheme (CGS) to prop up lenders.
26 June 2021, 18:00 PM
Restaurants spring up in past decade
The number of restaurants and the people involved in the sector has significantly increased over the decade to 2019-20 thanks to changing lifestyle, increasing mobility of people, and demand for dining-out, according to a new survey.
21 June 2021, 18:00 PM
Low prices dampen spirits of mango farmers
Mango farmers across the country, particularly in Rajshahi and Chapainawabganj, have been left disappointed by the lower prices for the ‘King of Fruits’ despite having secured very good yields this season.
17 June 2021, 18:00 PM
Shatranji earns GI recognition
Shatranji, a traditional fabric of Rangpur, has been recognised as a Geographical Indication (GI) product of Bangladesh.
17 June 2021, 18:00 PM
After soybean, mustard oil to become dearer
The 5 per cent regulatory duty imposed on the import of rapeseed may cause the price of mustard oil to shoot up and go beyond the purchasing power of consumers, millers said.
9 June 2021, 18:00 PM
Focus more on agriculture
The government should give importance to the agriculture sector, social safety net programmes, and job creation in the upcoming national budget in order to ensure food security and reduce the Covid-induced economic shock on the country’s new poor, according to experts.
1 June 2021, 18:00 PM
Cut construction cost to save real estate industry
The Covid-19 pandemic has wreaked havoc on most of the sectors of the economy. The real estate sector was not spared.
31 May 2021, 18:00 PM
NBR drafts rules on transit, transhipment of Indian goods
The National Board of Revenue has formulated customs rules to facilitate the movement of Indian goods via Bangladesh to northeast India and other countries under the transit and transhipment deal signed by New Delhi and Dhaka.
30 May 2021, 18:00 PM
Edible oil gets pricier again
The price of soybean oil goes up again in the country today, with each litre to be sold for Tk 153, up from the previous price of Tk 144 set barely two weeks ago.
28 May 2021, 18:00 PM
Edible oil prices raised again
Edible oil manufacturers have reinstated a hike of around 2 per cent to take the price per litre to Tk 144, making availing daily essentials even more difficult for pandemic-hit people.
23 May 2021, 18:00 PM
Over 90pc Boro paddy harvested
Farmers in Bangladesh have already harvested 90 per cent of the Boro paddy in the current season, dispelling worries that the impending cyclonic storm could have a major effect on the production of the biggest crop and hurt food security, the agriculture ministry said.
23 May 2021, 18:00 PM
Sunflower acreage goes up on rising profits
Glee has spread around homesteads of sunflower farmers as they are expecting to make a good profit thanks to a bumper yield this year.
19 May 2021, 18:00 PM
Small farmers produce the bulk of foods
The small, marginal and landless farmers together account for around 70 to 80 per cent of the country’s food production, said agricultural analysts.
10 May 2021, 18:00 PM
LPG Prices: Fixed but not enforced
Consumers are being compelled to buy liquified petroleum gas (LPG) at a much higher price than the one set by the regulator.
8 May 2021, 18:00 PM
Japan, an unfailing partner in Bangladesh’s development journey
The relationship between Japan and Bangladesh is a trusted and time-tested one. Bangladesh became Japan’s biggest recipient of official development assistance in 2020.
6 May 2021, 18:00 PM
LPG price slashed by 7pc
The energy regulator has re-fixed the price of liquefied petroleum gas (LPG) of private companies.
29 April 2021, 18:00 PM
Early pineapple harvest benefits farmers
An intense heatwave is sweeping across the country. The sun’s piercing rays inevitably cause streams of sweat to run off pedestrians.
29 April 2021, 18:00 PM
Govt floats tender to lease out 25 jute mills
The government has floated an international tender to lease out 25 state-run jute mills for a period of five to 20 years even though industrialists seem uninterested on the short-term deals.
28 April 2021, 18:00 PM
City Bank founder Deen Mohammad passes away
Prominent Industrialist and Chairman of Phoenix Group Deen Mohammad passed away at a hospital in Dhaka early yesterday. He was 83.
27 April 2021, 18:00 PM
Edible oil prices rise again
Edible oil prices have risen for a third time in two months, making it even more difficult for low-income groups to afford the essential cooking ingredient amidst the ongoing coronavirus pandemic.
26 April 2021, 18:00 PM