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
November 1, 2020
Shift to formal channels, cash incentives fuel remittance growth: WB
Diversion of remittances from informal to formal channels due to the difficulty of carrying money under travel restrictions amid the coronavirus pandemic, incentives granted to remitters and damages inflicted by the recent floods helped Bangladesh bring the remittance flow back to the positive territory in 2020, according to the World Bank.
October 29, 2020
Banks can now lend more to trade-based small enterprises
Banks and other financial institutions can now lend more to trade-based cottage, micro, small and medium enterprises (CMSMEs) as the central bank yesterday raised the annual ceiling of the loans for the sector by 10 percentage points.
October 27, 2020
Cable repairs can cause slow internet for five days
Internet users may face reduced speeds in some areas for five days starting from the wee hours of today due to maintenance work on the submarine cable connecting Chennai to Singapore.
October 26, 2020
Govt’s bank borrowing dips amid slow spending
The government’s bank borrowing plunged 90 per cent to Tk 3,033 crore in the first quarter of the fiscal year because of the slower development activities and lower than expected spending on subsidies and paddy and rice procurement.
October 25, 2020
In the snares of value-added services
Nearly half of mobile subscribers in Bangladesh pay for the value-added services they have not subscribed to as service providers stealthily activate them without their consent on their phones, according to a probe by the telecom regulator.
October 23, 2020
Outbound remittances remain largely untraceable
Foreign nationals working legally and illegally in the local, foreign and multinational companies in Bangladesh send home billions of dollars every year, but there is no reliable data that can capture the true extent of the outbound remittance.
October 19, 2020
The never-ending debate over GDP growth
The debate over Bangladesh’s GDP growth forecasts is back again. There is wide variation in the projections made by the multilateral development agencies for the current fiscal year amid deep uncertainties about the near-term trajectory of the global economy as the pandemic is still raging.
October 16, 2020
Worth savouring, not a fluke
Bangladesh surpassing India in per capita GDP in 2020 as forecast by the International Monetary Fund is not a fluke and is rather a reflection of the country’s steady economic growth and a solid foundation, said economists yesterday.
October 15, 2020
Bangladesh set to surpass India in per capita GDP
Bangladesh is set to surpass India in terms of per capita gross domestic product (GDP) in 2020 thanks to robust agriculture production, exports and remittance despite the coronavirus pandemic, in another testimony to the country’s steadily growing economy.
October 13, 2020
Job recovery gains momentum
People are increasingly returning to jobs they had lost to the coronavirus pandemic despite the persisting health risks and the wage growth failing to keep pace with the rebounding economy.
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