Private sector’s short-term foreign debt edges down
The private sector’s short-term foreign debt fell 1.43 percent to $11.79 billion in December from a month ago as taking loans from the domestic source has turned out to be more attractive than borrowing from abroad, Bangladesh Bank figures showed
6 February 2024, 05:46 AM
Funding for Gabtoli-Dasherkandi metro line confirmed
The prospect of having another major metro rail route in Dhaka looks bright as financing for the construction of the southern route of Mass Rapid Transit Line-5 has been confirmed.
3 February 2024, 18:00 PM
More steps needed to contain inflation durably: IMF official
The International Monetary Fund (IMF) said that the latest monetary policy adopted by the Bangladesh Bank would help to curb inflation, but added that further measures would be needed to make it durable.
31 January 2024, 16:25 PM
Women labour force in decline
The number of unemployed people in the country increased by about 40,000 year-on-year in the fourth quarter of 2023 to 23.5 lakh as women stepped back from gainful employment.
27 January 2024, 18:00 PM
8th five-year plan: Health, education got way less than outlined
The government has made lesser allocations for the education and health sectors than what is projected in the 8th five-year plan, raising questions about its commitment to these critical areas.
25 January 2024, 18:00 PM
Project Implementation: PM moves to contain cost, time overruns
A planning commission meeting chaired by Prime Minister Sheikh Hasina yesterday after eight years took three vital decisions to ensure timely completion of projects and avoid cost overruns.
24 January 2024, 18:00 PM
PM calls task force to cut project waste
For the first time in eight years, a high-powered committee will hold a meeting tomorrow with Prime Minister Sheikh Hasina to find ways to reduce waste in government projects.
22 January 2024, 18:00 PM
IMF’s $4.7B Loan: Only one condition missed for third tranche
Bangladesh has met all but one quantitative target set for December 2023 by the International Monetary Fund to qualify for the third instalment of the $4.7 billion loan.
20 January 2024, 18:00 PM
Repayment to rise 63pc in three years
The government’s foreign debt repayment is expected to increase as much as 63 percent by fiscal year 2025-2026 from the last financial year, indicating renewed pressure on the country’s coffers
16 January 2024, 18:00 PM
Bangladesh to post sixth highest GDP growth in Asia in FY24
Bangladesh is poised to become one of the fastest growing economies in Asia, according to a WB report
11 January 2024, 00:45 AM
Unused foreign loans swell to $48.44b: not a good sign
Unused foreign loans keep piling up as the government is not properly implementing these funds for available projects
9 January 2024, 00:09 AM
Govt to start issuing special bonds today
The government is going to begin clearing arrears to fertiliser importers and independent power producers (IPPs) from today by issuing special bonds with a maximum interest rate of 7.5 percent.
4 January 2024, 01:32 AM
Clearing Power, Fertiliser Arrears: Govt to issue Tk 26,000cr special bonds
The Finance Division is set to issue special bonds of about Tk 26,000 crore to clear mounting arrears to independent power producers and fertiliser suppliers.
2 January 2024, 18:00 PM
Govt sees budget surplus of Tk 11,865cr in Q1
The government saw a budget surplus of Tk 11,865 crore in the first quarter of the current FY due to lower spending
2 January 2024, 00:41 AM
New worries as interest payment for debt doubles in 5 months
The government’s spending on interest payments against the mounting foreign debt surged 136.70 percent year-on-year to $562 million in the first five months of the current fiscal year as disbursements surged in recent years.
29 December 2023, 01:45 AM
Top 10pc have 40pc of income
As much as 40 percent of the country’s total income is concentrated within the top 10 percent of the wealthy, up about three percentage points since 2016, found a recent government survey.
27 December 2023, 18:00 PM
IMF flags potential exodus of funds from Bangladesh
Bangladesh might have experienced capital flight in the last financial year evidenced from the unusual outflow of funds as well as unrealised export proceeds, said the International Monetary Fund (IMF).
26 December 2023, 00:52 AM
Inflation shock: A weaker taka accounts for half of it
The pass-through of a sharp depreciation of the local currency accounted for half of the inflation surge seen in Bangladesh in the last financial year, according to the International Monetary Fund (IMF)
25 December 2023, 00:00 AM
Revenue receipts tick up but fall short of target
The revenue collection growth rose slightly in the July-November period of the current financial year on the back of higher income and value-added taxes
22 December 2023, 00:05 AM
Debt burden gets heavier as Bangladesh runs low on capacity to repay
Bangladesh’s debt service to revenue ratio to cross the 100 percent mark for the first time owing to rising loans, lower tax and export receipts
21 December 2023, 00:10 AM