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
February 28, 2020
Coronavirus can’t tame Bangladesh’s growth momentum
Bangladesh’s export and import activities will both be affected by the coronavirus pandemic but the country would not face much difficulty in attaining its GDP growth target of 8.20 per cent for this fiscal year, according to an official document.
February 4, 2020
Bangladesh Bank Reserve Heist: Int’l payment system now slower, costlier
It has been four years since a band of hackers broke into this Bangladesh Bank’s account with the New York Fed with the intent to pull off what would have been the biggest cyber heist in history.
February 4, 2020
The billion-dollar hit job
The way unknown hackers hatched plans to steal money from the Bangladesh Bank’s reserves with the New York Fed using the most sophisticated banking and payment channels as well their near-perfect preparation and timing will render many detective stories and Hollywood movies average.
December 26, 2019
Cement consumption to rise on infrastructure projects
Cement consumption will go up in Bangladesh in the coming years on the back of a growing appetite for the key construction material from infrastructure projects as well as rapid urbanisation, an industrialist said.
December 24, 2019
Incepta on a roll
When Abdul Muktadir decided to set up a pharmaceutical company to manufacture high-quality and advanced drugs, his relatives and close family members did not accept without objecting, because he had already been well-settled and had earned famed in the industry.
December 10, 2019
Time to invest in Bangladesh
International investors should look at Bangladesh as a lucrative investment destination as the fast-growing country offers immense growth opportunities, said Toshiro Kudama, chief executive officer of Jera Asia.
September 29, 2019
China firm to shell out Tk 300cr to build 100 hostels in Dhaka
A Chinese company plans to invest Tk 300 crore to establish 100 hostels for singles who are struggling to find a safe and convenient place to live in Dhaka. Neways International Company Ltd has already set up six hostels in the capital: one each in Uttara, Badda, Baridhara, Shahbagh, and
September 22, 2019
Audit Objections 2013-18: CAG detects Tk 11,710cr anomalies
Financial anomalies involving Tk 11,710 crore have been detected in 16 ministries between the fiscal years 2013-18 during audits by the Office of Comptroller and Auditor General.
September 20, 2019
IMF voices concern over high stressed loans
The executive board of the International Monetary Fund has expressed concern about the continued weak financial situation in the banking sector in Bangladesh, including high default loans and the rising amount of restructured and rescheduled loans.
September 3, 2019
IOCs can now export gas
International oil companies will now be able to export gas explored from Bangladesh’s offshore blocks in the Bay. The government has reintroduced the provision for export of gas by the drilling companies in the Offshore Model PSC 2019. This will not be applicable for onshore blocks.
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