150 companies of 15 countries are taking part in the events
Dollar price rose just a day after the introduction of the crawling peg
The first-ever Purchasing Managers' Index shows slower expansion at 62.2 in April
CPD Distinguished Fellow Mustafizur Rahman says
Nearly 80 percent of households of plainland ethnic minority communities have no access to credit, be it formal or informal sources, as per a new study made public yesterday.
Zahid Hussain, a former lead economist of the World Bank’s Dhaka office, termed as the most significant step the abolition of the SMART system among the three changes brought yesterday by the central bank.
PRI Executive Director Ahsan H Mansur says
IMF mission concluded its 15-day visit to Bangladesh today
The prime index of the DSE decreased 0.6% before closing the day at 5,690.78
Cooperation is sought for product development, technology upgradation, monitoring and financial literacy
The tax on cigarettes in Bangladesh should be raised in the national budget for fiscal 2024-25 to boost the country’s revenue generation and minimise health risks, according to experts.
302 industries will make the investments
Bangladesh will face a severe crisis in 2026 as the government has availed a significant amount of loans from foreign lending agencies and local banks which it will have to repay, said Bhattacharya.
The crawling peg system for the taka is a delayed and, perhaps, inadequate response to the bleeding of forex reserves. Some economists suggest the central bank should go beyond this formula and open the exchange rate to market forces to stop the continuous erosion of reserves. Either way, exporters and remitters will celebrate more flexibility in the exchange rate.
The three state-run oil companies in Bangladesh booked double-digit growth in profits during the first nine months of the current fiscal year even after a decline in sales mainly due to a rise in income from bank deposit interests.