Investing more in research and development vital for future economic growth

Pressure on the external sector of Bangladesh's economy is expected to persist in the current financial year, said a top official of the World Bank yesterday

The country's economyis going through a difficult time, said Saiful Islam, president of the Metropolitan Chamber of Commerce and Industry, yesterday.

Recent figures show alarming rise in defaulted loans

Says Debapriya Bhattacharya

Leniency towards habitual defaulters led to this situation

Unlike public sector retirees, private sector employees do not get pensions

Who would want to move for democracy and risk losing it all?

Sri Lanka’s worst economic crisis since its independence began in 2019. Experts attribute a plethora of reasons behind the crisis. First, after the end of the civil war in 2009, the country emphasised providing goods for the local market instead of trade, a decision that led to a continued trade deficit of more than $3 billion each year. Along with trade policies, tax cuts in 2019 led to a loss of government revenue of over $1.4 billion a year.

Of course. Despite challenges around, we have many reasons to be optimistic about Bangladesh.

Establishing an economic corridor connecting the key lagging regions of northeast and southwest Bangladesh via Dhaka can ensure 2.6 times the output and generate 2.3 times the employment by 2050, found an Asian Development Bank study.

New pension scheme expected to benefit large segments of the population

HSBC says in its global research

Without it, our economic growth will lose momentum

Appellate Division’s observation on defaulted loans is right on the mark

In light of the economic hardships Bangladesh has been going through, there were certain expectations from the national budget of 2023-24 fiscal year.

Premier Cement Managing Director Mohammed Amirul Haque says

With all the problems Bangladesh has right now, Moody’s downgrading of its sovereign rating is one of the worst things that could have happened.

Bangladesh government should own up to its mistakes

It is not clear how the money needed to implement this ambitious budget will be sourced.