Govt adopts strict stance on use of block allocations
finance division directed the planning commission to suspend a Tk 11,669 crore block allocations from ADP for new projects
26 November 2023, 23:30 PM
Private power plants seek Tk 4,000cr in excess
Owners of the country’s private power plants have sought the prime minister’s assistance in settling their claim of Tk 4,000 crore on top of their overdue fuel import bills.
16 November 2023, 23:30 PM
Revenue collection growth slows
Government revenue collection in the July-October period, the first four months of the current fiscal year of 2023-24, slowed to 12.68 percent despite higher income tax growth.
16 November 2023, 18:00 PM
Japan-IMF Scholarship: Bangladesh among top 10 recipient countries
Bangladesh has been one of the top 10 countries that received the Japan-IMF Scholarship Programme for Asia, a scholarship for young policymakers from Asia-Pacific economies to pursue graduate degrees in Japan
16 November 2023, 12:28 PM
Bangladesh remains vulnerable to BoP crisis: Moody’s
Bangladesh’s balance of payments (BoP) faces moderate risk among four South Asian countries owing to a drastic fall in foreign currency reserves, according to global credit ratings agency Moody's Investors Service.
10 November 2023, 01:00 AM
First NDB project to ensure safe water for Dhaka
The government is set to take up its first New Development Bank-funded project to ensure safe water supply for Dhaka residents.
8 November 2023, 18:00 PM
Govt suspends funding for new projects
Although the planning ministry has passed several new projects ahead of the polls, it will not be able to make funds available for the projects due to the government’s fresh austerity stance to rein in the spiralling inflation.
7 November 2023, 18:00 PM
'Market management failure a key factor for higher inflation'
Says CPD’s Mustafizur Rahman
7 November 2023, 09:26 AM
Inflation hits five-month high in October despite steps
Inflation once again grazed double digits in October, advancing 30 basis points to 9.93 percent despite the government’s repeated assurances of measures to rein it in.
6 November 2023, 18:00 PM
Cities recycle just 4.05pc solid waste
A shockingly small amount of the solid waste, produced by cities and municipalities across the country, are being recycled, according to a Bangladesh Bureau of Statistics survey.
6 November 2023, 18:00 PM
Private sector foreign loan on the decline
Short-term foreign debts in the private sector have declined every month since January as repayments outpaced fresh loans, contributing to the depletion of foreign currency reserves of Bangladesh, official figures showed
5 November 2023, 01:04 AM
Govt’s interest expenses jump
The government's expenses on interest payments rose 22.14 percent year-on-year to Tk 92,538 crore in the last fiscal year due mainly to a higher cost of borrowing.
1 November 2023, 02:03 AM
Ecnec Meeting Today: 2 projects worth Tk 19,353cr may get go-ahead
With less than three months remaining of its tenure, the government has decided to take up two large projects worth Tk 19,353 crore to connect the country’s tourist town Cox’s Bazar and Matarbari seaport with Chattogram.
30 October 2023, 18:00 PM
Fall in jobless rate raises questions
The number of unemployed people in Bangladesh declined by 1.80 lakh year-on-year in the third quarter of 2023 despite the country’s major economic indicators having slowed down.
29 October 2023, 18:00 PM
Reserves to hit $24.5b by June next year
Gross foreign currency reserves will bounce back to $24.5 billion by the end of the fiscal year on the back of a 5 percent export growth, 2 percent remittance growth and 7 percent import de-growth, as per the central bank’s projections.
26 October 2023, 18:00 PM
Fixing the economy: BB drawing up roadmap to tackle 3 key challenges
Bangladesh Bank is preparing a roadmap for the next government to address the three major issues of exchange rate instability, high inflation and high defaulted loan ratio bearing upon the economy.
25 October 2023, 18:00 PM
Local govt outspends all other ministries, divisions
Ahead of the upcoming national elections, the local government division (LGD) has spent more money from the annual development programme (ADP) than other major ministries and divisions.
23 October 2023, 18:00 PM
Delaying key measures may prove costly for economy
In the past 18 months, Bangladesh has largely failed to take appropriate measures to curb higher inflation and reverse the fall of foreign currency reserves, both at the heart of the country’s persisting economic plight.
22 October 2023, 01:00 AM
$4.7B loan from IMF: Next tranche of $681m expected in Dec
Bangladesh is hopeful of receiving the second tranche of the IMF’s $4.7 billion loan programme in December as the authorities agreed to further monetary policy tightening, tighter fiscal policy and greater exchange rate flexibility.
19 October 2023, 18:00 PM
IMF to suggest new exchange rate system
The IMF staff mission is willing to set a lower target for foreign currency reserves for this December and June next year provided the Bangladesh Bank adopts the crawling peg method to manage the exchange rate.
17 October 2023, 18:00 PM