Economy

Economy

Economy might have expanded faster in May: PMI 

Bangladesh's economy showed stronger growth in May as the Purchasing Managers' Index (PMI) rose by 6 points from that of April to 58.9, rebounding from a three-month slowdown since February, according to the latest PMI report.

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New bad loan record

Bad loans in Bangladesh’s banking sector hit a record Tk 420,335 crore for the first time at the end of March as a clearer picture of the toxic loan scenario is coming to light following the political changeover in August last year.

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NBR hikes advance tax on bus, truck operators up to 88%

The government has proposed a sharp increase in the advance income tax from buses, trucks and other commercial vehicles in the upcoming fiscal year, a move that operators say could drive up transport costs across the board.

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International Leasing depositors seek BB intervention

The depositors of the International Leasing and Financial Services Limited (ILFSL) have urged the Bangladesh Bank to intervene so they can recover their money.

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Five Islamic banks to merge into one soon

The Bangladesh Bank (BB) will soon start the process to merge five Islamic banks into a single large bank, said Bangladesh Bank Governor Ahsan H Mansur yesterday.

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Sovereign guarantee rules to be revised

The government plans to amend the existing sovereign guarantee guidelines to streamline the process and mitigate fiscal risks if public entities fail to make repayments on time, according to a finance ministry report.

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Ctg port overburdened with import containers

The yards at the Chattogram port, which are designated for storing containers loaded with imports, exceeded their capacity yesterday as daily handovers to consignees did not gain pace during the Eid-ul-Azha holiday over the past week.

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Bangladesh’s economy at risk from Iran-Israel conflict

The intensifying Iran-Israel conflict has created ripples across the globe, affecting economies far removed from the battle zones.

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Local handset production drops as grey market expands

Handset production in Bangladesh declined significantly in the first quarter of 2025 as the grey market continued to dominate the domestic market.

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Govt sets benchmark power tariff for coal-fired plants

The government has fixed the power tariff at Tk 8.45 ($0.766) per kilowatt-hour for the coal-fired Matarbari 1,200MW Ultra Super Critical Power Plant. 

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BBS to launch quarterly index for service sector growth

The Bangladesh Bureau of Statistics (BBS) is set to introduce a Quarterly Index of Service Production in a bid to measure the short-term growth of Bangladesh’s service sector—now the dominant contributor to GDP.

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Fix internal problems hurting factories

The readymade garment (RMG) sector is grappling with a range of internal challenges, including rising interest rates, soaring energy costs, and unreliable gas and electricity supplies, all of which are taking a heavy toll on productivity and profitability.

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MTB recommends stock dividend as profit rises 10%

Mutual Trust Bank (MTB) saw its profit rise in 2024, driven by steady growth across its operations. The bank has recommended a 10 percent stock dividend to strengthen its capital base and sustain business expansion.

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BSRM posts 53% profit growth in Q3

Bangladesh Steel Re-Rolling Mills (BSRM) reported a significant increase in profit in the third quarter of fiscal year 2024-25.

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Tax officials protest at NBR headquarters over draft revenue law

Several hundred tax and customs officials staged a demonstration at the National Board of Revenue (NBR) headquarters in Dhaka today, demanding revisions to a draft ordinance that proposes dividing the board into two separate divisions and allowing top appointments from outside the revenue cadre.

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Banglalink raises data, voice and bundle volumes by up to 25%

Banglalink has launched a new range of data packages, increasing the volume of data, voice minutes, and bundle allocations by up to 25 percent..Customers can now get 20 percent more data, 22 percent more voice minutes, and expanded bundle volumes under the updated plans, the third-largest

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BSEC promotes orange bond to improve women’s access to finance

The Bangladesh Securities and Exchange Commission (BSEC) promotes orange bonds to provide women entrepreneurs, especially those in rural areas, an easy financing solution, remove gender bias, and improve women’s living standards, said its officials yesterday.. They were addressing a worksh

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Stocks decline for second consecutive day 

Turnover, an important indicator of market activity, plunged 35 percent to Tk 291.07 crore

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