Elected govt needed to revive economy
The sooner the country returns to a democratic process, the better it is for the economy, said top industrialist Ahsan Khan Chowdhury.
1w ago
Bangladesh loses $335m a year for corporate tax abuse
Bangladesh is losing $355 million in tax annually because of outward profit shifting by the corporates, particularly multinational firms, and abuses by individuals who have wealth, especially in tax havens.
1w ago
Political consensus needed to make reforms sustainable
Without proper institutions, it’s not possible to prevent abuse of power, prevent corruption, and improve public life, said business leader Abdul Awal Mintoo.
2w ago
Political consensus needed for sustainable reforms: Mintoo
Without proper institutions, it’s not possible to prevent abuse of power, prevent corruption, and improve public life, says business leader Abdul Awal Mintoo
2w ago
Widespread graft was the norm, not exception
The Awami League regime's economic strategy was not always based on equity.
2w ago
Govt gears up efforts to raise rice imports to curb prices
Against the backdrop of rising prices, the government has geared up efforts to buy rice from the international market to replenish stocks and ensure distributions under social safety net schemes to arrest market volatility.
3w ago
AL policy favouring oligarchs dampened economy
The Awami League government favoured the super-rich who controlled capital and laundered the funds aboard, dampening the country’s economy.
3w ago
Defying guidelines, NTTN operators yet to go public
Five of the six operators of Nationwide Telecommunication Transmission Network (NTTN) have not gone public despite being mandated to float shares on the stock market several years ago.
4w ago
July 25, 2023
Public food stock surges to 18-month high
Public food stocks in Bangladesh rocketed to an 18-month high in July thanks to higher procurement, imports of grains and reduced distribution, official figures showed.
July 24, 2023
Citizens Bank aims to become a top lender
Banks are systemically important institutions and corporate governance is vital for them to navigate difficult times and convince depositors to keep money with them.
July 21, 2023
El Niño weighs on Bangladesh’s agriculture
Extreme heat has gripped many parts of the world as June saw the warmest global average temperature on record and the trend continued into July, according to the UN’s World Meteorological Organisation (WMO).
July 18, 2023
Internet banking transactions hit nearly Tk 50,000cr
Internet banking transactions reached a record high amount of nearly Tk 50,000 crore in May, signifying the enhanced cost and time savings and convenience enabled over visits to brick-and-mortar branches for a growing number of bank account holders.
July 16, 2023
UCB to widen retail, SME lending
On June 29, United Commercial Bank PLC completed 40 years of its operation. Marking the anniversary, Arif Qaudri, managing director and chief executive officer of UCB, talked about the bank’s achievements and future plans as well as the challenges confronting the banking sector, among other issues, during an interview with The Daily Star recently.
July 14, 2023
Domestic market may not be affected
It is unlikely for Bangladesh to face any immediate problem if India bans rice exports thanks to ample food stocks in public storages and good harvests in immediate past two crop seasons, said food ministry officials and a rice importer yesterday.
July 10, 2023
Tax collection target missed for 11th year in a row
For the 11th consecutive year, the National Board of Revenue (NBR) has missed its tax target in the face of slowing growth of collections amidst economic slowdowns and ambitious goals set by the government.
July 9, 2023
Trade in rupee to save at least Tk 1 per dollar: EBL CEO
Trade settlement in rupee between India and Bangladesh would reduce pressure on US dollars and save at least Tk 1 on the exchange cost of each greenback, said Ali Reza Iftekhar, managing director and CEO of Eastern Bank Ltd (EBL).
July 6, 2023
Wheat import falls for third year straight
Bangladesh’s wheat imports fell for the third consecutive year, suffered by falling consumption for high prices and banks’ sluggishness in opening letters of credit (LCs) amid the US dollar crisis, importers said yesterday.
June 26, 2023
Sudan war deals fresh blow to jute goods exporters
The war in Sudan has dealt a fresh blow to Bangladesh’s jute goods exports which has been suffering from a downturn for the last two years.
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