Bangladesh is staging a strong economic recovery from the coronavirus pandemic but the government should be cautious about tackling the pressures building up in some macro-economic indicators, said economists yesterday.  

Onion production has increased by about 27 per cent or 7 lakh tonnes year-on-year in fiscal year 2020-21, said Agriculture Minister Muhammad Abdur Razzaque yesterday

The amount of land used to grow medicinal plants in Panchgachhi union of Rangpur’s Pirganj upazila has expanded significantly as farmers now find such crops more profitable considering that demand increased manifold over the past decade.

The seventh D-8 ministerial meeting on agriculture and food security is all set to begin today. The two-day event will be held virtually considering the coronavirus situation.

When Prime Minister Sheikh Hasina declared the vision of Digital Bangladesh on December 12, 2008, the ICT industry experienced its rebirth. Later, the government declared December 12 as Digital Bangladesh Day.

The government plans to keep its foreign aid use target unchanged in the next fiscal year compared to the current fiscal year owing to lower utilisation of development allocations and projected reduced spending related to the pandemic, especially for vaccination.

Pakistan’s top commerce official is pushing the government to bet big on the export industry by maintaining tens of millions of dollars of policy support even as the South Asian nation looks to tighten its fiscal belt in a mid-year budget this month.

Some local garment suppliers are struggling to avail payments from troubled Western clothing retailers and brands even nearly two years past making shipments while Covid-19 was initially running riot.

The 2nd Bangladesh CMSME Trade Fair, a month-long trade show, began in Chattogram on Friday but is yet to attract adequate crowds as most stalls are not ready to display their products.

Agriculture Minister Muhammad Abdur Razzaque yesterday called for quick implementation of Good Agricultural Practices (GAP) to increase export of farm produce.

Md Kamruzzaman, an onion farmer of Durgapur village in Pabna’s Sujanagar upazila, is enjoying a good turn of fortune as he cut production costs by using his own seeds.

The behaviour displayed by shoppers has changed rapidly over the last three years. Global consumer behaviour was evolving to live by the micro-moments three years ago.

Bangladesh Bank yesterday devalued the taka against the US dollar to a large extent in order to tackle pressure stemming from an increase in import payments and give encouragement to remitters.

Wages have ticked up in Bangladesh in recent months, but rising inflation, fueled by internal and external factors, has eroded the gains for the workers in various sectors.

The weekend came as a ray of hope for sellers at Dhaka International Trade Fair-2022 as crowds grew by at least five to seven times in size for the first time since the month-long event began on January 1.

The Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) yesterday demanded the central bank allow them to repay stimulus loans in 42 months instead of initially fixed 18 months as the severe impacts of Covid-19 persist.

No  new dyeing factory was set up in Bangladesh last year although the  segment is crucial to supporting the roaring apparel sector looking to  double its exports.

The Bangladesh Bureau of Statistics (BBS) data provides a somewhat mixed picture on how labour is benefitting from the ongoing economic recovery in Bangladesh.

The conventional textbook approach of export-led growth models rooted in export-oriented manufacturing and climbing up the value chain has been the canonical models for growth for the East Asian countries (e.g., Japan, S. Korea, Taiwan, and China). This model is widely advocated for other developing countries for both enhancing growth and reduction of poverty.

Md Tofazzel Hossain Miah, senior secretary at Prime Minister’s Office, and Shoaeb Ahmed, former member of the National Board of Revenue, have been re-elected as president and secretary of the ninth BCS Forum respectively.