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.
Onion price at the retail markets in Bangladesh goes up to around 71 per cent per kg within a day, the highest level in last several years, as the wholesalers reportedly jacked up the price following India’s ban on the ingredient export.
For the first time, Bangladesh’s parliamentary elections will be using Electronic voting machines (EVMs) and voters of Dhaka-6 and-13, Chattogram-9, Rangpur-3, Khulna-2 and Satkhira-2 will have the privilege of trying it out.
Here are the top ten scientific discoveries of 2017 which hold the potential to enhance the advancement of human civilisation and change our very understanding of the universe as a whole.
Bangladesh has had remarkable achievements in innovations at different sectors in 2016. Several Bangladeshi scientists have brought international laurels and have attributed their discoveries to the country.
Bangladesh Bank official Golam Rabby, who was subjected to police torture for bribe, has rejected the report submitted to the Supreme Court over the incident. “I did not do anything, they grabbed me by my collar from the behind,” he tells The Daily Star hours after the report is filed to the apex court.
Mass graves and killing fields of Liberation War in Dhaka are hard to find now as they are almost lost owing to lack of efforts to preserve these sites where many martyrs were buried or thrown in the marshes, canals and rivers after being killed, or were burnt alive.
If you are told: Name a city where you can drive or walk as you like, the first answer would be Dhaka! Because people find their own ways to go around the city. Traffic signals change colors—from green to red to green again--but the drivers need not pay any attention to them. But even worst menaces are motorcycles zooming by on the footpaths or people darting through the speeding cars to cross the roads among the already chaotic traffic.
Eid-ul-Azha is on us and people are leaving Dhaka to spend the holiday with friends and families.The journey home is a joyous occasion where everyone hopes to reach their destination without any glitches, however owing to the road condition a journey becomes a roller coaster ride-not of the pleasant kind but the one that churns your insides and makes you sick.
Second hand shoe markets in Dhaka can provide customers with limited budget an opportunity to buy anything from the foreign Nike to local Apex brands between Tk 500 and Tk 3000—provided they don’t mind wearing second hand stuff.
For two months of rainy season every year, life comes to a standstill for thousands of people living in the Dhaka-Narayanganj-Demra dam area due to waterlogging. People here either remain confined to their homes –or are forced to leave their homes temporarily to stay at their relatives’ homes far away where life is normal.
