Business leaders, economists and professionals have emphasised that an elected government is essential for restoring confidence in the business community, stabilising law and order, and revitalising the business and investment climate.
Motaher Hossain Masum was frustrated last September when Confidence Cement announced a mere 10 percent dividend for the last fiscal year despite making a handsome profit.
Motijheel, once the pulsing heart of Dhaka’s trade and commerce, has become a shadow of its former self. Empty office floors now whisper tales of abandoned ambitions.
Sonali Bank has decided to sell the assets of Alltex Industries through auction in a bid to recover unpaid loans of the listed textile producer.
Bangladesh ranks among the countries with the highest income disparities globally, but there is another problem way worse than that: wealth inequality, which means a minuscule portion of the population owns a disproportionate amount of wealth compared to the majority.
The Bangladesh Bank (BB) has backtracked on its decision to refrain from injecting fresh funds into crisis-hit banks in its efforts to curb persistent inflation.
Aminur Rahman was excited after hearing that the company he had invested in had recently been upgraded to A-category. Anticipating price gains, he rushed to his brokerage house, only to be met with disappointing news: he was unable to trade.
Ailing lender Islami Bank recently announced that it planned to raise a total of Tk 20,000 crore using two methods: Tk 10,000 crore would be realised by selling the stake that S Alam Group holds in the lender and the rest would be made up through the issuance of new shares.
Violence comes with a hefty price tag for the economy. Beyond the immediate death toll mostly in police shootings, the convulsion of violence that gripped Bangladesh in the middle of this month has left a debilitating impact on the economy.
Business and industrial activities resumed yesterday amid a semblance of normalcy after a spasm of violence, internet outage and a curfew that left deep wounds in almost all corners of the economy.
A huge number of industrial establishments have been built along the highway, hoping to capitalise on the connectivity to the country’s largest seaport in Chattogram
The countrywide shutdown and subsequent violence centring the quota reform movement crippled business and economic activities for the last three days, dealing a further blow to an economy that is already ailing due to high inflation, falling exports and depleting forex reserves.
The Bangladesh Securities and Exchange Commission (BSEC) did not punish several investors although they were found to have breached rules by committing abnormal trades, according to an audit.
The government has published rules stating where and how pension funds will be invested so that the National Pension Authority (NPA) can produce better returns at lower risks, a move that will ease its repayment burden.
The unit will work under the Finance Division
The government is going to amend the Bangladesh Bank Order, 1972 to align it with global best practices and give the central bank more autonomy so that it can initiate steps to help the economy deal with pressure.
Accurate data is a crucial input for taking effective policies and putting the economy on the right track. If the data is not correct or time-befitting, policies might be proved wrong. Then, development successes will be only on paper and will not reflect reality.
Accurate data is a crucial input for taking effective policies and putting the economy on the right track. If the data is not correct or time-befitting, policies might be proved wrong. Then, development successes will be only on paper and will not reflect reality..In Bangladesh, economists
