The central bank governor projects cooling the red-hot inflation, which has hovered above 9 percent since March last year, to 7 percent by June next year.
The Asian Development Bank (ADB) has become the first among multilateral and bilateral lenders to respond to the interim government's call for budgetary support, approving $600 million aimed at easing pressure on foreign exchange reserves and accelerating economic recovery.
Bangladesh’s national budget for fiscal year 2024-25 is likely to be reduced by more than Tk 50,000 crore, with the entire cut expected to be made in funds meant for the annual development programme (ADP).
Bangladesh, mired in data fog, has “sleepwalked” into the middle-income trap according to the white paper on the state of the country’s economy.
Distressed assets in the banking sector have reached a whooping Tk 6,75,030 crore, an amount bigger than the cost of building 22 bridges across the Padma or 13.5 metro rail systems in Dhaka, according to a White Paper released yesterday.
Despite rising interest rates on deposits and various efforts by the central bank, Bangladesh’s banking sector continues to face a liquidity crisis that has hamstrung some lenders.
Moody’s has downgraded Bangladesh’s banking sector to “very weak” from “weak”, citing worsening client confidence, limited transparency and inadequate financial safeguards over the past year.
When most non-bank financial institutions (NBFIs) in Bangladesh are in hot water with high ratios of non-performing loan (NPL), a handful have been successfully able to keep the rate low.
Fazli always seemed to be a cut above other mangoes due to its unique fragrance and taste, but this widely acclaimed 200-year-old variety is losing popularity day by day.
She was born into a prosperous family.
Hoping to turn a handsome profit, Jasim Uddin took a Tk 50,000 loan from a local non-governmental organisation to grow pointed and bottle gourds on 40 decimals of land in Rahamatpur village in Jashore.
People are having to pay higher than the prices fixed by the regulator for buying Liquefied Petroleum Gas (LPG) because of non-compliance by sellers.
In light of the recent fire at the Hashem Foods factory in Narayanganj, where 52 workers tragically lost their lives, the Bangladesh Agro-Processors’ Association (BAPA) has issued directives to its members regarding safety measures that could help prevent such disasters.
Imam Uddin, the owner of a plastic toy store in the Mitford area of Dhaka, was awarded Tk 1 lakh in exchange for eating a breakfast worth about Tk 85, including VAT, at a restaurant in the capital.
Despite a bumper yield of Boro paddy in the just concluded season, rice prices are going up, putting increasing pressure on low-income people, many of whom are suffering from income losses for the lockdown and pandemic-induced slowdown of economic activities.
A Tk 58.5 crore project has created interest among farmers to grow foods by using bio-pesticides. And an increased number of growers have switched from using chemical pesticides.
Livelihoods of about 1.8 crore people involved in the fisheries and aquaculture sector in Bangladesh have been affected by the Covid-19 pandemic, researchers found.
The stimulus package for the CMSME (Cottage, micro, small, and medium sized enterprises) sector has failed to get momentum despite the fact that Bangladesh Bank rolled out a credit guarantee scheme (CGS) to prop up lenders.
