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
July 15, 2020
Decent development spending amid extenuating circumstances
Sometimes, one just needs to resign to reality.
July 7, 2020
Can the massive forex reserves bankroll large projects?
The government is revisiting the idea of using currently healthy foreign currency reserves boosted by the drastic fall in imports and injection of budget support from external sources to bankroll major projects.
July 6, 2020
SIBL targets low-cost deposits
Social Islami Bank has rolled out a new campaign to rope in more customers and widen the customer base by offering Tk 100 in instant cash bonus for opening any new accounts, in a move that can give a boost the central bank’s financial inclusion agenda.
July 6, 2020
Govt to set up company to salvage soured loans
The government now plans to set up a state-run corporation to buy and trade distressed loans off banks as part of its efforts to clean up the financial sector.
July 5, 2020
Akash DTH slashes connection fee to hook housebound customers
The country’s lone direct-to-home service provider Akash DTH has slashed the connection charge by Tk 1,000 to reach out to more people who are spending more time in front of their TV sets owing to the coronavirus pandemic.
July 5, 2020
Govt looks to simplify rules as FDI plummets 13.8pc
Gross inflow of foreign direct investment to Bangladesh fell 13.8 per cent to $3.73 billion in the first 11 months of last fiscal year, largely owing to the coronavirus pandemic, which came as a shock to foreign investors.
July 3, 2020
WB’s purse strings always open for Bangladesh
The World Bank has been an ever-reassuring presence in Bangladesh’s growth narrative, and the multilateral lender will continue to play that role, said its country director.
July 2, 2020
New SBAC MD remains unruffled by the adverse weather
Given the coronavirus pandemic-induced collapse in business and dragging liquidity problem, the timing could not be worse to take the helm of a relatively new bank.
July 2, 2020
Unilever announces MD for its new entity in Bangladesh
Unilever, it seems, is dead serious about getting a strong foothold in Bangladesh’s nutrition business.
June 30, 2020
Mobile users, FMCG companies miffed as Finance Bill 2020 stays mostly unchanged
Finance Minister AHM Mustafa Kamal must have harked back on that oft-quoted saying of English monk John Lydgate when he was finalising the Finance Bill 2020.
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