Bangladesh Bank has opened a can of worms with its revision of the balance of payment data. There is no better way to put it.
Surely, the manner of Yunus’s sentencing does not add to the broader investor confidence in Bangladesh, and the data points already are not promising.
If there is one indicator that epitomises the government’s mismanagement of the economy in recent times, it is inflation -- which raced to an 11-year high of 9.94 percent in May.
Self-contradictory is what best describes Finance Minister AHM Mustafa Kamal’s fifth budget, and the last of the Awami League-led government’s current term.
In 2019, when AHM Mustafa Kamal took charge as the finance minister, the Bangladesh economy was taxing for take-off for its long-haul flight to the developed country club.
This year was always supposed to be a celebration of Bangladesh’s economic progress with the opening of Padma bridge and Dhaka metro rail and 100 percent electrification.
Ever since Sri Lanka and Pakistan’s economic turmoil, Bangladesh’s foreign exchange reserves has become a part of public discourse. So much so that despite having an official figure from the central bank every week, people are speculating.
Each month, Ayesha Amin, a housewife, aims to put Tk 5,000 of the money her husband hands over to her for the running of the house, in her savings account.
All eyes were on fever-stricken Finance Minister AHM Mustafa Kamal as he stepped into parliament to unveil his maiden national budget yesterday.
The Bangladesh economy is taxing for take-off -- for its long-haul flight to the developed country club, with couple of stopovers in between.
The holy month of Ramadan that crescendos in Eid-ul-Fitr is undoubtedly the dearest for people in Bangladesh.
Credit card: two words the mention of which turn many into full-blown cynics. While it is undeniable that anyone who has a credit card risks running up too much debt -- a milestone that might take several years and lots of sacrifice to get rid of -- if used wisely the benefits can outweigh the downsides.
Debit cards are the happy medium between credit cards and cash -- one gets the convenience of carrying a card without the risk of
Technology is perhaps the greatest of God's gifts after the gift of life, eminent American physicist Freeman Dyson once said -- and
The third annual meeting of the Asian Infrastructure Investment Bank wrapped up yesterday with calls from one of its earliest champions, Indian Prime Minister Narendra Modi, to scale up its lending tenfold over the next two years.
The Asian Infrastructure Investment Bank plans to lend out $3.5 billion this year, with India, Bangladesh and Turkey to take greater focus than the other 83 member countries, said DJ Pandian, its chief investment officer.
Bangladesh is progressively becoming one of the more important countries for the Asian Infrastructure Investment Bank, with the China-led multilateral lender looking to bankroll energy and transport projects in the country.
