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
June 12, 2020
Poor power demand, poor allocation
In the wake of a demand crunch for electricity and gas due to the pandemic, the government has cut the spending on power and energy for fiscal 2020-21 as it has allocated Tk 26,758 crore for these sectors -- 4.6 percent down year on year.
June 12, 2020
Growth, revenue targets too lofty
Economists said the government would not be able to achieve the target of revenue mobilisation and economic growth this fiscal year.
June 9, 2020
Safety net outlay to hit 3pc of GDP for first time
The government may allocate Tk 95,155 crore for the safety net programmes in the next fiscal year as it looks to broaden the number of beneficiaries to support those who are struggling to make ends meet after the coronavirus outbreak.
June 5, 2020
Govt pledges transparency, addressing banking sector ills to IMF
Bangladesh has pledged to use the emergency assistance from the International Monetary Fund transparently and effectively, ensure fiscal discipline and prioritising addressing banking sector problems as it secured $732 million from the crisis lender to tackle the coronavirus pandemic.
June 4, 2020
Debt at heart as Kamal strikes balance amid falling revenue, rising expenditure
Between a rock and a hard place is where Finance Minister AHM Mustafa Kamal finds himself in as he is set to unveil his second budget on June 11.
June 1, 2020
Govt not going overboard with subsidy expenditure next fiscal year
That the subsidy expenditure would go up next fiscal year as the government scrambles to keep the pandemic-induced recession from undoing decades of progress in alleviating poverty and elevating its citizens into the middle-class -- was a given.
May 31, 2020
Robi springs back in profit
Robi returned to the black in 2020 on the back of higher data revenue and heavy data consumption in the first quarter of the year.
May 31, 2020
IMF to lend $732m for urgent needs
The optics look perfect. The global lender of last resort coming to the rescue of a not-too-well-endowed country struggling with the economic impact of the pandemic with no strings attached.
May 30, 2020
Money whitening scope to widen
The government may allow uses of untaxed or black money in all sectors to boost investment and create jobs as part of its efforts to pull the economy out of Covid-19 wreckage.
May 30, 2020
New jobs dry up amid shutdown
New job postings nosedived 87 percent year-on-year in April on the leading job search sites in Bangladesh, highlighting the strain the country’s labour market has been going through because of the coronavirus pandemic.
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