The International Monetary Fund is set to tighten the noose on the Bangladesh government over its dismal revenue mobilisation by making the remaining fund disbursement under a $4.7 billion loan conditional on meeting the tax collection target.
The government’s recent decision to increase excise duty on domestic and international air tickets will have a serious negative impact on the aviation market, especially domestic passenger growth, said top officials of the country’s air operators.
The recent decisions of the interim government—tax hikes and the suspension of the TCB truck sale programme—clearly reflect the short-sightedness and inconsistency in state policies.
Bangladesh’s trade deficit in the first five months of the current fiscal year was 20 percent, or $1.97 billion, lower than in the same period of the previous fiscal year.
The administrator and two panels of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have reached a consensus to hold the election of the garment exporters’ platform in April this year.
Financial inclusion in Bangladesh is evolving, as evidenced by the increasing penetration of agent banking, mobile financial service (MFS), and no-frills accounts (NFAs), alongside a strong commitment to rural outreach, according to
Classified loans in Bangladesh have exceeded Tk 284,000 crore. Various agencies are even talking of Tk 4 lakh to Tk 7 lakh crores of stressed assets in the banking sector, which tends to be 25-45 percent of the total loans.
Sales of electric and hybrid vehicles jumped more than 40 percent in China last year, as demand for new energy models continues to surge and the sector remains entrenched in a gruelling price war.
Most of Dhaka’s five-star hotels are not faring well for a dearth of guests, as political uncertainties and security concerns following the August 5 student movement are putting off most events and travel plans.
Bangladesh’s Purchasing Managers’ Index (PMI) increased to 62.2 in November, a 6.5 percentage point climb from October, according to an unofficial estimate, indicating accelerated economic expansion driven by agriculture, manufacturing and services sectors.
Struggling with persistent inflation, the poorest people in rural Bangladesh are increasingly relying on rice to satiate their hunger while cutting back on protein-rich foods, according to a study by the Bangladesh Institute of Development Studies (BIDS).
Tarique Afzal, the managing director of AB Bank, has resigned from his position citing health reasons.
Walton received orders worth around Tk 350 crore from various local and foreign companies at the “Advanced Technology Solution-ATS Expo 2024”, the country’s sole industrial expo organised by tech-giant Walton..SM Mahbubul Alam, managing director of Walton Hi-Tech Industries, provided the d
The USA's overall apparel imports from the world also fell by 0.33 percent to $67.04 billion during the January-October period, the data showed. China ranked first in apparel shipments to the USA, with Vietnam in second place
Purchasing Managers' Index increases by 6.5 percentage points to 62.2
Despite the significant progress in reducing poverty in Bangladesh, about one in five of the non-poor households remain at high risk of falling below the poverty line, according to a study by the World Bank..The study was presented during a session on “Poverty in Bangladesh based on HIES 2
Education and Planning Adviser Wahiduddin Mahmud said Bangladesh has no option to defer its graduation from the least developed country (LDC) club.
