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.
The number of restaurants and the people involved in the sector has significantly increased over the decade to 2019-20 thanks to changing lifestyle, increasing mobility of people, and demand for dining-out, according to a new survey.
Mango farmers across the country, particularly in Rajshahi and Chapainawabganj, have been left disappointed by the lower prices for the ‘King of Fruits’ despite having secured very good yields this season.
Shatranji, a traditional fabric of Rangpur, has been recognised as a Geographical Indication (GI) product of Bangladesh.
The 5 per cent regulatory duty imposed on the import of rapeseed may cause the price of mustard oil to shoot up and go beyond the purchasing power of consumers, millers said.
The government should give importance to the agriculture sector, social safety net programmes, and job creation in the upcoming national budget in order to ensure food security and reduce the Covid-induced economic shock on the country’s new poor, according to experts.
The Covid-19 pandemic has wreaked havoc on most of the sectors of the economy. The real estate sector was not spared.
The National Board of Revenue has formulated customs rules to facilitate the movement of Indian goods via Bangladesh to northeast India and other countries under the transit and transhipment deal signed by New Delhi and Dhaka.
The price of soybean oil goes up again in the country today, with each litre to be sold for Tk 153, up from the previous price of Tk 144 set barely two weeks ago.
Farmers in Bangladesh have already harvested 90 per cent of the Boro paddy in the current season, dispelling worries that the impending cyclonic storm could have a major effect on the production of the biggest crop and hurt food security, the agriculture ministry said.
Edible oil manufacturers have reinstated a hike of around 2 per cent to take the price per litre to Tk 144, making availing daily essentials even more difficult for pandemic-hit people.
