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.
Entrepreneurs will now get financial support from the government to produce medical and personal protective equipment (MPPE) for both local and international markets as the fight against Covid-19 continues.
36 districts, mostly Boro growers in haor areas, were affected in the recent nor’wester and the heatwave that swept over the country on April 4.
The hefty price of eggplants is draining the wallets of Dhaka citizens that enjoy the traditional iftar item, beguni.
Over the years, awareness about insurance has grown and its demand has accelerated as many people look for financial protection for the long term.
Bangladesh Energy Regulatory Commission, for the first time, fixed the retail prices of liquefied petroleum gas yesterday disappointing consumers.
After paying rent, buying daily necessities and providing educational expenses for the children, most of the salary of an average professional is gone.
The nor’wester and accompanying heat wave that swept over the country on Sunday massively damaged Boro paddy in both plain and haor areas of at least seven districts in northeast and southern divisions, dampening hope for increased production of rice and decline in prices to ease pressure on low income people’s budget.
Small businesses, which are considered the lifeline of the economy, had hoped that the government would take care of them to help them stay afloat when it announced a countrywide lockdown and a gigantic stimulus package to protect the economy and the people from the coronavirus disease in March last year.
Shoppers thronged grocery stores, super shops and kitchen markets across Dhaka yesterday following the announcement of a fresh nationwide lockdown to curb the spread of Covid-19.
Intentionally, Nasir Uddin has been returning home almost every night after his two daughters go to sleep because he can’t afford the things the girls ask for.
