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
January 10, 2021
Businesses thrive defying odds
Businesses in South Asia face obstacles, so they need to show additional courage, imagination and determination compared to their peers in business-friendly nations to operate and become successful.
January 8, 2021
Money whitening scope does more harm than good
The government in June last year granted a blanket immunity for whitening black money in a bid to bring them into the mainstream economy and generate more revenues and jobs.
January 7, 2021
World Bank revises up GDP growth projection
The World Bank has revised its GDP growth projection upwards for Bangladesh to 2 per cent for the last fiscal year, although the figure is still far lower than the government’s estimate.
January 1, 2021
Bangladesh Economy 2020: Rising from the rubble
The year 2020 began with a cloud of uncertainty hanging over the horizon. The novel coronavirus was spreading in Europe, the destination of over 60 percent exports from Bangladesh, after wreaking havoc in China, its largest trading partner.
January 1, 2021
Economists pin hope on vaccine rollout
Economists see a promising 2021 for Bangladesh because of the rollout of coronavirus vaccines globally and manageable impacts of the pandemic on the country, while sounding out alarms about the bumpy road the economy has to ride before full recovery takes place.
January 1, 2021
Economy bruised, not broken
The year 2020 could have been a watershed for Bangladesh. Policymakers would have put their heads together and looked at what have been achieved and what went wrong in order to set targets accordingly to become a prosperous and developed nation.
December 28, 2020
Budget execution faces roadblocks
Bangladesh’s external sector came under stress in January after the outbreak of coronavirus disease in China, the country’s largest trading partner, slowed global trade, thus impacting the economy to some extent.
December 25, 2020
Factory activity on slow recovery path
Factory activity in Bangladesh rose 4.39 per cent year-on-year in August as the economy embarked on a journey to recovery from the wreckage caused by the coronavirus pandemic, official data showed.
December 23, 2020
No bar for now on two telcos’ value-added services
The telecom regulator yesterday temporarily withdrew its ban on Robi and Banglalink on providing value-added services from third parties after the operators agreed to ensure compliance, a senior official said.
December 18, 2020
Dreams going beyond borders
Software and mobile application developer Dream71 Bangladesh Ltd has won an international tender to build a mobile application for the parliament of East Timor.
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