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.
6m 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.
6m 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.
6m 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
September 9, 2020
Govt plans handouts for the laid-off
A ray of hope has emerged for the laid-off, disabled and insolvent workers of export-oriented garment, leather and footwear manufacturing factories as the government has initiated a scheme to extend financial support to them.
September 7, 2020
Credit growth makes a turnaround, pointing to green shoots
Bangladesh’s economic recovery from the devastating coronavirus pandemic has received a shot in the arm after both public and private sector credit growths rose sharply in July.
September 4, 2020
LNG purchase from spot markets to cut costs by 27pc
Bangladesh would pay up to 27 per cent lower prices when it buys liquified natural gas (LNG) from Vitol Asia of Singapore on the spot market, compared to the payments it makes to the existing suppliers.
September 2, 2020
Prime Bank speeds up digital push to spur growth
Most companies should be content if they just can manage to stay afloat in the face of the devastating coronavirus pandemic. But Prime Bank Ltd has not only been weathering the toughest crisis in living memories for the last six months, but it has also brought home global recognitions.
September 1, 2020
Elderly, disabled and widows to get safety net allowances through MFS
The government plans to disburse social safety net allowances among elderly, disabled and widows through mobile financial services -- a move that can help the country reach the targeted beneficiaries, ensure value for money and prevent misuse.
August 30, 2020
Prime Bank to get on agent banking bandwagon this year
Prime Bank plans to step into the agent banking arena this year as part of its push to widen footprint and cut reliance on branches, said its top executive.
August 27, 2020
Like banks, NBFIs can now maintain loan status until Sep
The central bank has pushed back the deadline for loan status classification by non-bank financial institutions to 30 September, giving more breathing room to borrowers struggling to stay afloat because of the lengthy pandemic.
August 13, 2020
'The storm over Bangladesh economy has blown over'
Bangladesh might be one of only two ASEAN and South Asian economies to register positive growth in 2020 despite a global recession that is shaping up to be historic in scale, according to Standard Chartered Bank’s research team.
August 12, 2020
Decent GDP growth amid extraordinary circumstances
In the end, the final data from state-run Bangladesh Bureau of Statistics (BBS) shows the economy grew at a respectable 5.2 per cent last fiscal year, when large swathes of the global economy plunged into recession for the outbreak of coronavirus from Wuhan, China.
July 31, 2020
Not a frenzied day for banks before they broke for Eid holidays
Banks came under milder than usual strong fund withdrawal pressure ahead of Eid-ul-Azha this year because of the coronavirus pandemic, countrywide floods and job and income losses.
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