Economy

Economy

Feeling the pulse of local startup ecosystem

In Dhaka, the teeming capital of Bangladesh, distance is not measured in kilometres, but in increments of time -- minutes and hours, or entire portions of a morning or evening.

2h ago

Businesses concerned over VAT, gas price hike

Businesses yesterday expressed concern over the government’s move to hike the gas price for industrial and captive users and the income tax for consumer durables as those would further decelerate economic activities and fuel inflation.

1d ago

Major trade bodies miss election deadline as reforms take centre stage

Elections at major trade bodies have missed the 90-day deadline as new administrators of the business organisations seek amendments to the governing rules.

1d ago

Pran to invest Tk 600cr more in poultry portfolio by 2027

Local agro-processing giant Pran plans to invest an additional Tk 600 crore in its poultry business within the next two years, responding to the country’s growing demand for eggs and chicken.

1d ago

Lack of good governance hinders market growth: DSE

The Dhaka Stock Exchange (DSE) has identified a lack of good governance, efficiency and transparency as key issues hindering its ability to effectively contribute to the development of Bangladesh’s stock market.

1d ago

Reserves drop to $20b after ACU payment

Bangladesh’s foreign exchange reserves fell to $20 billion yesterday from $21.67 billion after the country paid $1.67 billion in regional import bills through the Asian Clearing Union (ACU).

1d ago

Novoair’s fleet expansion stalled by lack of leasable aircraft

Despite plans to expand its fleet and international network, Novoair, a private airline in Bangladesh, has been unable to do so due to a global shortage of aircraft available for lease.

1d ago

Buoyant dollar keeps peers under pressure

The US dollar charged ahead on Thursday, underpinned by rising Treasury yields, putting the yen, sterling and euro under pressure near multi-month lows amid the shifting threat of tariffs.

1d ago

Is cooling red-hot inflation to 7% by June possible?

The central bank governor projects cooling the red-hot inflation, which has hovered above 9 percent since March last year, to 7 percent by June next year.

3w ago

Food distribution falls despite persistent inflation

Despite the fact that the population has been reeling from heightened inflationary pressures over the past two years, public food distribution under various social protection schemes fell by about 6 percent year-on-year in the first half of the current fiscal year.

3w ago

Jute millers struggling amid export slump

Jute millers are struggling as exports show no sign of recovery and demand in the domestic market remains lukewarm amid slack implementation of the mandatory jute packaging act.

3w ago

Janata allowed to lend more to defaulter Beximco

State-run Janata Bank has been partly exempted from the Bank Companies Act-1991 so that it can lend money to Beximco Group, a loan defaulter. 

3w ago

A depressing week for stock investors

The benchmark index of the Dhaka Stock Exchange dropped 91 points in a week

3w ago

BTTC for 25% duty on rice bran oil export

The Bangladesh Trade and Tariff Commission (BTTC) has recommended that the government impose a 25 percent regulatory duty on the export of crude and refined rice bran oil to discourage shipments and increase domestic supply..The suggestion comes in response to soaring cooking oil prices in

4w ago

Rmg workers’ increment: 29 factories close amid demos

Twenty-nine garment factories in the Ashulia industrial area were declared closed following continued demonstrations by workers demanding a 15-percent increase in annual increments.

4w ago

Consumer financing slows amid economic hardship, uncertainty

Consumer financing has slowed as people are adopting a go-slow strategy for taking loans, considering the increasing trend of interest rates amid ongoing inflationary pressure.

4w ago

US finalises tariff hikes on more China green tech imports

The United States firmed up tariff hikes Wednesday on more Chinese imports including crucial solar panel components, capping recent efforts by the world’s biggest economy to guard its growing green energy sector.

4w ago

New platform launched to promote evidence-based policymaking

Researchers and experts yesterday launched a new platform named “Bangladesh Development Insights (BDI)” to promote evidence-based policy formation in Bangladesh.

4w ago