Rising rates are creating headwinds for at least 40 listed conglomerates
Experts and members of a labour reform commission formed by the government have suggested the introduction of a national minimum wage for workers and a uniform labour law applicable to employees both inside and outside the Export Processing Zones (EPZs).
Healthcare seekers face higher prices for medicine due to the hike in value-added tax (VAT) on trades by pharmacies and drug stores.
Imports of most essential commodities related to Ramadan increased in the first six months of the current fiscal year 2024-25, with the Bangladesh Trade and Tariff Commission (BTTC) stating that the prices of these items, whose demand rises during the fasting month, would remain stable.
The previous Awami League regime, which touted its efforts to make Bangladesh digital, mirrored the poor farmer in Aesop’s fable of the golden goose when dealing with the mobile voice and internet sectors. The interim government is now replicating this flawed approach following its predecessor’s footsteps.
No independent director will be considered a defaulter if the finance company with which they are associated defaults, the central bank said in a circular.
The Consumers Association of Bangladesh (CAB) yesterday urged the government to refrain from implementing the VAT and supplementary duty (SD) hike until the end of Ramadan, warning that the move would worsen the financial struggles of low- and middle-income families.
Business leaders have presented nine demands to the central bank, including an exit policy, relaxed loan classification rules, and faster disbursement of cash incentives, as they struggle to sustain their industrial institutions amidst ongoing economic hardship.
The Bangladesh Telecommunication Regulatory Commission (BTRC) yesterday repealed a directive it had passed in 2021 restricting small and medium-sized internet service providers (ISPs) from installing cache servers for their network..This policy reversal is expected to enhance internet spee
The indices of the stock market in Bangladesh rose yesterday after falling for two consecutive trading days as investors poured funds on low-priced shares to pocket short-term gains amid price swings..The rise was led by an increase in share prices of companies like Islami Bank Bangladesh,
The interim government must devise a two-year mid-term plan on how to steer the economy in addition to an assessment of the past months and a short-term plan for the upcoming six months, said Debapriya Bhattacharya, the chair of the white paper committee.
The narrative of economic development that the ousted Awami League (AL) government tried to establish perhaps ended up being a delusion even to the wirepullers, according to the white paper on the state of the economy.
Bangladesh has an oversupply of tertiary graduates and the unemployment rate among the educated youth has grown 2.5 times since 2010 as they are ‘incompatible’ with the structure of the industries and the economy, according to the white paper on the state of the economy.
Bangladesh ranks among the countries with the highest income disparities globally, but there is another problem way worse than that: wealth inequality, which means a minuscule portion of the population owns a disproportionate amount of wealth compared to the majority.
Each of them was appointed on a contractual basis for the next three years from the date of joining on condition of renouncing work and relations with all other institutions and organisations, the ministry circular mentioned.
According to the white paper on the state of the economy
The chief adviser became the first head of state to preside over a meeting of the KEPZ governing body in nine years
The composite textile manufacturing facility is expected to generate 1,505 jobs
