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.
5m 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.
5m 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.
5m 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
5m 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
9m 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 1, 2023
Air travel tax surges up to 67%
Domestic air travellers will face a travel tax for the first time from 2023-24, while people going abroad will pay up to 67 percent higher taxes.
May 31, 2023
What ChatGPT, Bard expect from Bangladesh budget
The two AI tools marked what should be Bangladesh' priority
May 31, 2023
Curbing high inflation should be number one priority
Says economist MM Akash
May 31, 2023
FY24 budget must address weakness in overall economic management
Says Sanem Executive Director Selim Raihan
May 31, 2023
A bleak time to draw up budget
In June last year when Finance Minister AHM Mustafa Kamal placed the budget in parliament, inflation had already been creeping up and the foreign currency reserves were on the decline. These two had derailed the full economic recovery from a two-year crisis wrought by the Covid pandemic.
May 31, 2023
Proper coordination of monetary, fiscal policies needed
Says DCCI chief Sameer Sattar
May 31, 2023
Policy coordination to yield better budgetary outcomes
Sharper, flexible and timely coordination among fiscal, monetary and trade policies of Bangladesh will yield improved stabilisation outcomes, said Debapriya Bhattacharya, a distinguished fellow of the Centre for Policy Dialogue.
May 18, 2023
LC opening for most commodities, machinery dips
Importers opened a lower volume of letters of credits (LCs) in July-April for the purchase of essential commodities such as rice, wheat, sugar, crude edible oil as well as raw materials and machinery key to the industrial sector, figures from the central bank showed.
May 17, 2023
LC opening, settlement both fall
LC opening stood at $56.36 billion in the first 10 months of 2022-23, down from $76.99 billion a year ago.
May 4, 2023
Urban inflation up, rural inflation down in April
Inflation dropped in rural areas in April from a month ago but went up in urban areas, data from the Bangladesh Bureau of Statistics (BBS) showed yesterday.
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