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
December 3, 2020
Bangladesh’s real wage suffers steepest plunge in Asia: ILO
Workers in Bangladesh witnessed the sharpest fall in their real wages among their peers in Asia and the Pacific in the last decade despite higher productivity gains, according to a new report from the International Labour Organisation (ILO).
November 27, 2020
More funds made available for small traders
Trade-based cottage, micro, small and medium enterprises (CMSMEs) would be able to borrow more from the government’s stimulus package after the central bank yesterday raised the ceiling by five percentage points.
November 18, 2020
Bangladesh gets $256.5m Green Climate Fund
Bangladesh has received $256.5 million from the global Green Climate Fund to promote private sector investment through large scale adoption of energy-efficient technologies in the textile and garment sectors.
November 12, 2020
As uncertainty persists, clouds get thicker over investment frontier
Investment has not picked up in Bangladesh despite the reopening of the economy five months back largely due to the deep uncertainty caused by the coronavirus pandemic which continues to creep along.
November 11, 2020
Businesses fear further losses as second wave looms large
Exporters and local businesses have received a shot in the arm since June on the back of improved economic activity but the fragile recovery could evaporate before taking root if the country is hit with a second wave of the Covid-19.
November 9, 2020
Second wave could inflict bigger damage to economy
The second wave of Covid-19 will derail Bangladesh’s feeble economic recovery, deal a massive blow to the poor and low-income groups, reduce fiscal space and constrain public expenditure, said economists.
November 8, 2020
Wage rate ticking up
Workers in Bangladesh are still making do with lower wages compared to the pre-pandemic level as the ongoing economic growth has not translated into higher incomes for them in a major way.
November 4, 2020
Mobile internet users cross 10cr mark
The number of people using internet on their mobile phones in Bangladesh crossed the 10-crore mark in September as customers’ shift towards the digital sphere to carry out tasks made further gains owing to the coronavirus pandemic.
November 2, 2020
Banglalink’s revenue returns to growth
The number of mobile phone subscribers for the operator went up by 0.8 per cent year-on-year to 3.28 crore in the quarter. Of them, 2.05 crore are internet users,
November 1, 2020
Remittance likely to grow 8 percent
Remittance flow to Bangladesh is likely to grow by 8 percent in 2020, compared to that of the previous year.
X