Economy

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.

19h ago

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.

19h ago

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.  

20h ago

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.

22h ago

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.    

1d ago

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. 

1d ago

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.   

1d ago

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. 

1d ago

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.

1d ago

AB Bank to issue bond of Tk 500cr

AB Bank Limited has decided to issue a Tk 500 crore bond.

1d ago

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).

1d ago

‘BB should stop injecting fresh money into economy’

Economist Wahiduddin Mahmud says in meeting with Bangladesh Bank

1d ago

First consignment of 45.8 tonnes of hilsa sent to India

The export price was $10 a kilogramme

1d ago

Citizen’s Platform launches survey on youth perspectives on policymaking

Anyone aged between 18-35 can participate in this youth survey

1d ago

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.  

2d ago

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. 

2d ago

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.

2d ago

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.

2d ago