Economy
Hilsa price rises in southern regions
The price of hilsa in the southern region of the nation has increased by Tk 2,000 a maund (37 kilogrammes) after the government approved exports of the fish to India.
Insurers to be brought under corporate governance guideline
The government is going to formulate corporate governance guidelines to ensure compliance with applicable laws and regulations and good governance in the operation of insurance companies in Bangladesh.
Matarbari channel handed over to CPA
The dream of realising a deep seaport at Matarbari in Cox’s Bazar is now a step closer as Chittagong Port Authority (CPA) has taken charge of an artificial navigation channel created for vessel movement required for a coal-fired power plant.
Stop injecting fresh money into economy
Noted economist Wahiduddin Mahmud yesterday urged the Bangladesh Bank to stop pumping fresh money into the economy in order to rein in runaway inflation and tackle the current economic crisis.
Why CEOs can’t stand together in crisis
Ever imagined a bank CEO getting slapped in a board meeting? Or a CEO changing his name through an affidavit to save his job just because it annoys the owner of his bank? These are real-life events that took place in our banking sector in recent years.
Revenue collection up 15% in Jul-Aug
Government revenue collection in the July-August period, the first two months of the current fiscal year of 2023-24, has increased by nearly 15 percent year-on-year, thanks to a rise in VAT from multinational companies.
Uncertainty lingers over Chhatak Cement’s return to operation
State-run Chhatak Cement Company in Sunamganj might not return to production anytime soon as its modernisation project is set to miss the deadline for the second time while uncertainty over the supply of the key raw material persists.
US firms want to invest in IT, energy
US companies want to invest in five sectors of Bangladesh, namely IT, education, healthcare, energy and infrastructure, said John Fay, commercial counsellor at the US embassy, yesterday.
Climate fund stuck in Farmers Bank
The Bangladesh Climate Change Trust was supposed to get back in 2016 the Tk 538 crore, plus the accumulated interest, it deposited with the then Farmers Bank. However, it has so far received just Tk 74 crore after around seven years.
Increase investment in tourism Stakeholders say
Bangladesh has massive potential as an emerging destination for tourists so the government should take necessary steps and the private sector should increase investment, stakeholders said during the opening ceremony of the three-day 10th Asian Tourism Fair (ATF).
‘BB should stop injecting fresh money into economy’
Economist Wahiduddin Mahmud says in meeting with Bangladesh Bank
First consignment of 45.8 tonnes of hilsa sent to India
The export price was $10 a kilogramme
Citizen’s Platform launches survey on youth perspectives on policymaking
Anyone aged between 18-35 can participate in this youth survey
Will price controls work to tame inflation?
A persistently higher inflation for more than a year has hit the low-income, the poor and the fixed-income people in Bangladesh hard, significantly eroding their purchasing power.
BB seeks bank owners’ assistance in tackling economic crisis
Bangladesh Bank yesterday sought assistance from bank directors in tackling the current economic crisis, including volatility in the forex market, growing inflation and lack of good governance in the banking sector.
Potatoes, eggs, onions still not being sold at govt-fixed prices
Potatoes, eggs and onions are not being sold at the price fixed by the government at the retail level despite government agencies conducting raids.
Inflation to cool in later part of FY24
Although higher consumer prices have persisted in the first few months of the current fiscal year, inflation in Bangladesh is going to cool in the later part of 2023-24 thanks to one external and two domestic factors, the Asian Development Bank (ADB) forecast yesterday.
