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
October 12, 2020
Contribution to central fund for garment workers falls 14.2pc
The contribution of garment factories to the fund set up to provide financial support to garment workers fell 14.20 per cent to Tk 55.83 crore last fiscal year due to the coronavirus pandemic and some banks’ negligence.
October 9, 2020
World Bank sees U-shaped recovery for Bangladesh's economy
Bangladesh’s economy may make a U-shaped recovery if the government spends proactively and can tap into international resources even though output is set to fall drastically in the next two fiscal years because of the prolonged coronavirus pandemic, World Bank said yesterday.
October 8, 2020
Mobile phone subscribers nearly back to pre-pandemic level
The number of mobile phone subscribers in Bangladesh almost returned to the pre-Covid-19 level in August, signalling the strengthening of the economic recovery underway from the devastating crisis.
October 7, 2020
Covid-19 challenge is both a marathon and a sprint
All stakeholders must work together to enable long-term economic recovery of Bangladesh while addressing the immediate need to save and sustain lives, said a top banker.
October 5, 2020
MFS takes a dip after Eid bonanza
Transactions through mobile financial services rose 16.6 per cent year-on-year to Tk 41,403 crore in August, which shows the growing popularity of the digital money in Bangladesh, Bangladesh Bank data showed yesterday.
October 4, 2020
Registration of new firms hits an all-time high
Registration of new firms in Bangladesh rose to an all-time high of 11,110 in the last fiscal year, highlighting the expansion of business activities and people’s enthusiasm about setting up fresh ventures, official figures showed.
October 2, 2020
Eighth five-year plan unfazed by pandemic
The government is aiming to clock more than 8 per cent economic growth on average during the Eight Five-Year Plan period as it hopes that the impacts of the devastating coronavirus pandemic would fade in the second half of the current fiscal year.
September 30, 2020
Export readiness fund seeks applications for grants
A government fund looking to boost exports from Bangladesh is seeking applications from prospective firms for grants to be used to improve their production capacity.
September 25, 2020
Disbursement of remittance incentive caught in paper work
Bangladesh Bank yesterday asked banks to fast-track paper work regarding the disbursement of cash incentives on remittance with a view to encouraging remitters to send their hard-earned money through legal channels.
September 21, 2020
Mobile phone users rise to four-month high
The number of mobile phone users rose to a four-month high in July while internet connections continued to soar in another signal that the country’s economic recovery is gaining pace.
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