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.
Despite starting off with a strong momentum and goodwill, Teletalk failed to become consistently profitable
Credit card spending decreased in last November compared to the preceding month, according to BB
A significant increase in cultivation costs is making the farmers feeling gloomy about getting fair prices
Credit card issuance by banks in Bangladesh witnessed slower growth in 2023 thanks to tightening of regulations by NBR
Ninety-year-old Lozzatun Nesa of Baniyadi in Rupnagar, Narayanganj, defied physical challenges and age barriers to exercise her voting right
Small businesses in 2023 faced substantial hardships amidst prevalent inflationary pressure of the country
The prices of all vegetables have been spiraling unusually in the markets in Dhaka recently, despite being in adequate supply amid peak season in winter.
Introducing solar irrigation pump (SIP) systems will gradually enable Bangladesh to cut consumption of diesel fuel by 10 lakh tonnes annually
Beneficiaries of remittance in Bangladesh spend a majority of the funds received on meeting basic needs, according to a study by BBS
Credit card transactions by Bangladeshi nationals travelling or living abroad rose significantly to hit Tk 5,386 million in October
