The mismatch has prompted fresh calls among economists for investigations.
Bangladesh is losing farmland. There are multiple reasons behind the shrinkage—from the construction of homes and the establishment of factories to the development of other facilities.
Bangladesh and Vietnam will drive global cotton trade over the next decade as mills increase their use of it in making yarn for export-oriented garments, said a recent global report.
Bangladesh sits at the bottom of a list of 37 countries in the Asia-Pacific region in terms of the tax-to-GDP ratio, largely stemming from the failure to tap into the potential originating from the steady growth of the economy and a lack of reform.
The Bangladesh Bank (BB) is unlikely to reduce the policy or repo rate for the second half of this year as inflation continues to remain stubbornly high, according to the central bank governor.
Record remittances lift reserves, but economy burdened by sluggish tax, bad loans, high joblessness
Government borrowing from domestic banks and non-bank sources rose 55 percent year-on-year during the July-April period of the fiscal year (FY) 2024-25, due mainly to weaker foreign loan disbursements and poor tax collection.
Bangladesh’s expenditure on poverty reduction has been gradually declining, and in the upcoming fiscal year of 2025-26, it is set to hit a four-year low due to a decrease in spending that directly impacts hunger.
Bangladesh’s soybean production and imports are increasing steadily as demand from the poultry, livestock, and aquaculture sectors continues to grow alongside rising domestic consumption, according to the latest report by the US Department of Agriculture (USDA).
Acreage and production are expected to continue increasing in MY26, with Bangladesh likely to produce 1.60 lakh tonnes of soybeans next year, according to the report released last week.
Bangladesh’s toiletries market is growing and there is a significant potential for further expansion as incomes rise alongside increasing awareness and lifestyle changes.
The tax target for the National Board of Revenue (NBR) has become more daunting against the backdrop of slowing collection as the economy continues to grapple with worsening consumer purchasing power due to stubbornly high inflation and declining private and public investment.
Bangladesh requires around 100,000 new apartments every year. Despite having the capacity to meet this demand, realtors can only supply 8 percent of the required units, leaving a substantial gap.
Maize, a little-known crop three decades ago, continues its triumph over wheat, paddy and other crops due to its higher yield and profitability.
Although the interim government is focusing on reforms and new measures, corruption remains a major concern for businesses. Instead of waning, demands for undue payments by public officials have increased in some cases, said a top industrialist.
Depositors continued to move their funds out of full-fledged Islamic banks in the October-December period last year, a sign that many savers have yet to regain confidence in the Shariah-compliant banks due to alleged irregularities.
This growth was largely supported by a 30 percent year-on-year surge in imports in December 2024.
Bangladesh is growing horizontally and vertically, with new multistoried complexes being erected on fresh land in suburbs and towns to replace more modest structures.
