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.
Glee has spread around homesteads of sunflower farmers as they are expecting to make a good profit thanks to a bumper yield this year.
The small, marginal and landless farmers together account for around 70 to 80 per cent of the country’s food production, said agricultural analysts.
Consumers are being compelled to buy liquified petroleum gas (LPG) at a much higher price than the one set by the regulator.
The relationship between Japan and Bangladesh is a trusted and time-tested one. Bangladesh became Japan’s biggest recipient of official development assistance in 2020.
The energy regulator has re-fixed the price of liquefied petroleum gas (LPG) of private companies.
An intense heatwave is sweeping across the country. The sun’s piercing rays inevitably cause streams of sweat to run off pedestrians.
The government has floated an international tender to lease out 25 state-run jute mills for a period of five to 20 years even though industrialists seem uninterested on the short-term deals.
Prominent Industrialist and Chairman of Phoenix Group Deen Mohammad passed away at a hospital in Dhaka early yesterday. He was 83.
Edible oil prices have risen for a third time in two months, making it even more difficult for low-income groups to afford the essential cooking ingredient amidst the ongoing coronavirus pandemic.
Mizanur Rahman sometimes takes a look at some photographs on his mobile phone. Those are a bit old, taken about a year ago.
