Linde, Renata surge, sending Dhaka stocks to two-month high
Stocks in Bangladesh climbed 1.6 percent yesterday, driven by a surge in the prices of some blue-chip companies such as Renata PLC and Linde Bangladesh.
5m ago
Govt not using full strength to restore macroeconomic stability
The government is not moving at full throttle in bringing discipline to the banking sector, implementing reforms wholeheartedly, taking measures against syndication, and bringing money launderers under the rule of law, said a top economist.
5m ago
Inflation battle must be at the centre of budget
Fighting raging inflation and putting the economy back on track have not been taken seriously as evidenced from the government’s delayed response, which set the scene for one of the worst economic crises in its history and an unprecedented prolonged period of higher consumer prices, said an economist.
5m ago
It’s time to correct fiscal stance
The government has not addressed the stability issue through its fiscal policy for two years in a row although the economy is in turmoil owing to both external and internal pressures. A noted economist, however, thinks it can bring the situation under better control through the budget in the next fiscal year beginning on July 1.
5m ago
FDI slips but stays above $3b
Foreign direct investments to Bangladesh snapped its rising trend in 2023, highlighting the nervousness outside investors face in pumping money into a country whose foreign exchange regime is experiencing one of its worst periods in recent times
6m ago
Bangladesh lowers cash incentive for exporters to prepare for post-LDC era
The government has cut the export subsidy for almost all sectors to reduce the pressures on Bangladesh's coffers and bring down the rates gradually
10m ago
No time to waste as new finance minister inherits wobbly economy
The economy is losing momentum. Inflation remains stubborn. Bangladesh is facing deterioration in external buffers, with official reserves falling to $20.18 billion as of January 10, less than half their historic peak in 2021. The currency shock is lingering.
10m ago
March 7, 2021
People’s mobility surpasses pre-pandemic levels
People’s mobility has reached the pre-pandemic level in Bangladesh, according to a new Google report, although the coronavirus pandemic is still prevailing in the country.
February 24, 2021
Spotify set to come to Bangladesh
Streaming platform Spotify has announced that it is going to launch its operations in Bangladesh as it embarked on a sweeping expansion to add more than 80 new markets and bring the service to over a billion extra people.
February 22, 2021
Dhaka needs to pay $460m to join New Development Bank
Bangladesh will have to pay about $460 million in subscription fee to become a member of the New Development Bank (NDB) or BRICS Bank, a new international lender looking to mobilise resources for infrastructure and sustainable development projects.
February 21, 2021
Tea consumption crashes for first time since 2007
Drinking tea is increasingly becoming a part of family, social and professional life in Bangladesh as young, grownups and even kids alike like to take a sip at the world’s most popular beverage.
February 19, 2021
Stimulus for small businesses, farmers raised to Tk 10,000cr
The government has decided to expand the size of a fresh stimulus package for small traders, entrepreneurs and farmers to Tk 10,000 crore as they were largely left out of credit support despite being hit hard by the coronavirus pandemic.
February 18, 2021
Govt to buy Tk 624cr LNG from Singapore firm
The government yesterday approved two proposals to buy a total of 67.2 lakh MMBTU liquified natural gas from spot market for Tk 623.64 crore to meet the growing demand for the super-chilled fuel.
February 7, 2021
Loans to weak sectors face significant pressure: Moody’s
Loans to the vulnerable sectors in Bangladesh such as garment, textile, cement and tanneries will face significant pressure as they are yet to see expected recovery from the shock of the coronavirus pandemic, Moody’s said.
January 27, 2021
Economy will return to high growth path next fiscal year: UN
Bangladesh’s economy will return to the high growth trajectory in the next fiscal year overcoming the scarring impacts of the coronavirus pandemic, according to a United Nations report.
January 17, 2021
The future of mobile financial services in Bangladesh
Mobile financial services are already growing at a fast clip in Bangladesh. If interoperability among operators and compliance is ensured, the service’s cost is brought down, and a level-playing field is guaranteed, the industry will reach a new height.
January 10, 2021
$150b export opportunity awaits Bangladesh
Bangladesh needs to use the growing e-commerce market and improve the operational efficiency of public and private sectors to seize the opportunities in the global trade, said an industry executive.
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