A M Jahid

Staff Reporter at The Daily Star, Bangladesh #10 years of experience #Expertise: digital and multimedia content production, fact checking, data analysis, social media management, search engine optimization.

Bangladesh expands offshore banking in hunt for forex

Offshore banking is increasingly becoming a key window for banks in Bangladesh to facilitate investments and international trade by attracting deposits in foreign currencies.

4d ago

Poverty reduction rates arithmetically correct. Do they reflect reality?

Bangladesh is doing better than many countries in reducing poverty. However, questions remain whether the data about poverty alleviation match reality, according to Prof Joe Devine, an expert on poverty, inequality, and vulnerability

1w ago

Private sector short-term foreign debt decline in Bangladesh

Private sector's short-term foreign debt drops

The debt stood at $11.04 billion in March, $11.07 billion in February and $11.25 billion in January, according to Bangladesh Bank.

1w ago

Bangladesh bank's fight against loan defaulters

Half of remittances came thru Islamic banking in Dec

Nearly half of the total remittances in December last year came to Bangladesh through Islamic banking channels, according to the Bangladesh Bank.

2w ago

More exchange rate flexibility needed

Bangladesh’s macroeconomic performance has significantly improved since the country entered the IMF’s $4.7 billion loan programme in January last year, but the bleeding of foreign currency reserves continues, putting the taka under pressure, the global lender said yesterday.

2w ago

Exim Bank’s profit dropped 9.4% in 2023

Exim Bank's profit declined 9.4 percent year-on-year to Tk 337 crore in 2023, according to a disclosure on the Dhaka Stock Exchange (DSE) website yesterday.

3w ago

Three out of four people still unbanked in Bangladesh

Only 28.3 percent had an account with a bank or NBFI last year, it showed, increasing from 26.2 percent the year prior.

1m ago

Financial transactions linked to Eid-ul-Fitr

Economics of Eid

As the darkness of night made way for the first light of day, a rhythmic hum echoed through the tranquil dawn in Jamalpur like a heartbeat.

1m ago

February 8, 2024

Govt set to give Tangail sari GI status

The industries ministry is going to award Tangail sari the geographical indication (GI) status following a public outcry in Bangladesh, a week after India granted the same recognition to ‘Tangail Saree of Bengal’.

February 5, 2024

Tangail Sari: Collective apathy to blame for GI fiasco

As India’s geographical indication (GI) recognition of Tangail sari sparked widespread outcry and criticism around Bangladesh, including on social media, questions have emerged about why Bangladesh failed to get GI recognition despite being a rightful claimant

January 28, 2024

With huge discounts on offer, shoppers have been flocking to outlets of local clothing brands in shopping malls across the capital. This photo was taken at a Gentle Park outlet at the Bashundhara City Shopping Mall in Dhaka yesterday.

Winter discounts bring cheer to clothing brands, customers

Although there are only about 17 days to go before the biting cold all over the country makes way for the warm embrace of spring, customers are flocking to outlets of local clothing brands in a rush to secure the best winter clothes.

January 28, 2024

Bangladesh Ranks Fourth in Global MFS Growth

Bangladesh’s rise in mobile money: A global perspective

The mobile financial services (MFS) are growing faster in Bangladesh than its global low- and middle-income counterparts, driven by people’s widespread adoption of handset-based solutions in the absence of their active participation in traditional banking channels.

January 26, 2024