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
May 29, 2020
Safety net spending to be higher
The budgetary allocation for safety net programmes would see a major uptick in the next fiscal year as the government looks to widen the number of beneficiaries struggling to make ends meet because of the coronavirus outbreak.
May 22, 2020
Shutdown gobbles up NBR collections last month
Revenue collection crashed more than 55 per cent in April, revealing the massive hit the Bangladesh economy has taken from the coronavirus outbreak in the country.
May 14, 2020
$700m may come from IMF and with no strings attached
Bangladesh is set to request the International Monetary Fund (IMF) within a week to extend $700 million in emergency financing to help the country avoid being overwhelmed by the coronavirus pandemic.
May 13, 2020
Now Jica, IsDB come forward with budget support
In an uncharacteristic move, the Japan International Cooperation Agency (Jica) and the Islamic Development Bank (IsDB) have agreed to provide budget support to Bangladesh to meet its growing expenditure needs in the face of the coronavirus pandemic, which has firmly taken hold in the country.
May 8, 2020
A bleak picture of Bangladesh economy
The coronavirus pandemic will drive an additional 13 million people into poverty, cut 3.7 million jobs, take budget deficit to as high as 7.5 per cent and inflict a minimum revenue loss of 2 per cent of GDP in Bangladesh as the killer bug is wreaking havoc throughout the economy, the Asian Development Bank (ADB) has warned.
May 7, 2020
Govt confident of managing its foreign loan payments just fine
Bangladesh has decided not to avail the temporary debt service suspension facility extended by the Group of 20 major economies as the country is capable of meeting its current obligations despite the coronavirus pandemic hitting the economy hard.
May 4, 2020
BB confiscates banks’ interest income for Apr, May
The central bank yesterday directed banks to transfer all interest accrued or to be accrued between April 1 and May 31 this year from all of their loans to an interest-free blocked account, in what can be construed as its boldest move yet amid the pandemic.
May 3, 2020
ADB now forecasts economic losses of $13.3 billion
Where does this end? The Bangladesh economy now stands to lose a staggering $13.3 billion for the coronavirus outbreak, according to the Asian Development Bank, which is more than four times the amount of damage the Manila-based multilateral lender had predicted back in March.
May 1, 2020
‘Sustainability of businesses depends on how we protect our workers from COVID-19’
Tuomo Poutiainen, country director at the International Labour Organisation, speaks about May Day, measures aimed at tackling the coronavirus pandemic and the importance of protecting workers, by Refayet Ullah Mirdha and Md Fazlur Rahman
April 23, 2020
Remittance to nosedive 22pc in 2020: WB
Remittance flow to Bangladesh may plunge by as much as 22 per cent in 2020 because of the fallout of the global coronavirus pandemic, in a major blow to the economy, said the World Bank yesterday.
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