Economy

Economy

Revenue collection falls in Nov though business climate improves

Bangladesh’s revenue collection fell in November this year even though the country saw improvement in its business climate that month thanks to the alleviation of political uncertainties stemming from the nationwide mass uprising in July-August.

8h ago

USDA forecasts drop in rice harvest for floods

Rice production in Bangladesh may fall in the current marketing year of 2024-25, which began last May, for a reduction in the acreage of Aman season paddy due to repeated floods.

8h ago

Challenges and priorities for 2025

Macroeconomic management will remain a formidable challenge for Bangladesh in the coming year.

8h ago

Thai tourism rebounds strongly, exceeds arrival goals

The Tourism Authority of Thailand (TAT) announces that international tourist arrivals have surpassed the target of 35 million visitors in 2024, generating over 1.8 trillion Baht in tourism revenue.

8h ago

Gold set for brightest year since 2010

Gold prices were set to end a record-breaking year on a positive note on Tuesday as robust central bank buying, geopolitical uncertainties and monetary policy easing fuelled the safe-haven metal’s strongest annual performance since 2010.

8h ago

Economy to see muted recovery in 2025

Will smaller rotis at roadside eateries return to their previous regular size next year? Will a Tk 500 note again fill up the shopping bag holding kitchen items? Or, will several lakh graduates, who have been poring over newspaper recruitment advertisements, finally get their jobs in 2025?

8h ago

3 banks get Tk 12,500cr in emergency funds

Bangladesh Bank (BB) has extended a total of Tk 12,500 crore in emergency funds to three beleaguered banks to dress up their balance sheet ahead of the year’s end. 

8h ago

2024: A year of economic turmoil and transformation for Bangladesh

The year 2024 stands out as one of the most eventful and challenging periods in Bangladesh’s economic history. The nation grappled with an unprecedented banking crisis, soaring inflation, and several persistent macroeconomic challenges. These included low foreign exchange reserves, high youth un

12h ago

Paramount Textile’s Q1 profit declines 20%

Paramount Textile has seen a drop in profit in the first quarter because of high finance costs and the closure of an associated company.

2w ago

ADB approves $600m to accelerate economic recovery

The Asian Development Bank (ADB) has become the first among multilateral and bilateral lenders to respond to the interim government's call for budgetary support, approving $600 million aimed at easing pressure on foreign exchange reserves and accelerating economic recovery.

2w ago

Govt to buy 1.40cr litres of edible oil

The interim government will procure 1.40 crore litres of edible oil from S Alam Super Oil Ltd for sale among low-income people at subsidised rates through the Trading Corporation of Bangladesh (TCB)..The advisory council on public procurement endorsed the proposal at a meeting in Banglades

2w ago

Accounting and audit for economic development

Every economic entity, whether small, medium, or large, contributes to the national economy through investments, capital flows, exports, imports, employment generation, taxation, and technology transfer.

2w ago

Non-life insurers settled just 10% of Jan-Sep claims

Non-life insurance companies in Bangladesh have settled just 10 percent of claims in the first nine months of this year, as per data of the Insurance Development and Regulatory Authority (IDRA).

2w ago

Bottled soybean oil still scarce on grocery shelves

Many consumers said they are still not getting bottled soybean oil in kitchen markets in various parts of the country including Dhaka despite the government allowing refiners to hike prices of the essential cooking ingredient two days ago.

2w ago

Bangladesh unemployment grimmer than it looks

The past government had been relying on international definitions and standards that are over four decades old to measure labour data, painting a rosy picture of low unemployment and an improved labour market.

2w ago

Gold price raised again

Jewellers have again raised gold prices, saying it would be sold at Tk 140,271 per bhori (11.664 grammes) from today. .The previous price of each bhori of 22-carat gold ornaments stood at Tk 138,393..Bangladesh Jewellers’ Association’s (Bajus) standing committee on pricing and price

2w ago

Accounting and audit for economic development

Transparency and accountability mechanisms, pre-conditions for economic development, act as deterrents to corruption.

2w ago

Bangladesh among countries with significant population outflows

Bangladesh is among the countries experiencing significant population outflows, alongside India, Mexico, Russia, Syria, China, Pakistan and Ukraine, as people seek better opportunities and escape security concerns, according to the Mastercard Economics Institute (MEI) annual economic outlook for 2025.

2w ago