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
November 6, 2023
Cotton, yarn imports plunge
Bangladesh’s cotton and yarn imports nosedived in the first nine months of 2023 as falling demand in the global and local markets, erratic gas supply and the US dollar crisis weighed on textile milers.
November 3, 2023
Export plunges to a 26-month low
Exports earnings fell to $3.76 billion in October, the lowest in 26 months, as shipment of apparel items became the last major victim to the falling global demand as consumers tighten belts amid higher inflation.
October 31, 2023
Blockade could dent supply chain, economy
The economy, which is already reeling under the pressure owing to persisting volatility in the foreign exchange market and higher inflation, is set to face another major setback as the nationwide blockade could disrupt the smooth operation of the entire supply chain.
October 25, 2023
Candy, noodles top export items alongside biscuits
Candy, which did not attract the attention of exporters even a decade ago, has become one of the top five items in Bangladesh’s processed food export basket, highlighting the much-needed value-addition brought on by manufacturers.
October 23, 2023
Shipowners benefitting little from taka depreciation
The devaluation of taka has increased competitiveness of Bangladesh’s oceangoing ships
October 16, 2023
Rice production hits record high
Rice production in Bangladesh grew for the sixth consecutive year in fiscal year (FY) 2022-23 as farmers expanded cultivation areas of high-yielding varieties (HYV) and hybrid rice in place of local varieties.
October 12, 2023
Wheat import surges
Wheat imports grew four times in the first quarter of this fiscal year as businesses showed an interest in tapping into reduced international prices of the second most-consumed grain in Bangladesh.
October 10, 2023
No good news in investment as well
With major indicators showing stress in the economy, there is no good news in the investment flow too as investors now prefer to stay away from taking new projects or expanding their existing capacity.
October 7, 2023
‘Illicit financial flows must stop’
Mostafa Kamal, chairman and managing director of Meghna Group of Industries, says in an interview
October 5, 2023
BB raises policy rate at sharpest pace in a decade
Amid criticisms over the delay in squeezing money supply, the Bangladesh Bank yesterday made borrowing costlier as it raised the policy rate by 75 basis points to 7.25 percent to step up its fight against inflation..This is the sharpest pace of rate increase in at least a decade, said a ce
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