With the advancement of the pandemic, the citizens of Bangladesh are leaning more and more towards adopting Mobile Financial Service (MFS) as their method of money transfer, buying products and services, buying mobile balance and making bill payments.
Despite the depressing state of major indicators such as negative export-import growth; large revenue deficit; falling private sector investment; rising non-performing loans recorded in the last quarter of 2019
On March 25, 2020, Prime Minister Sheikh Hasina announced, in her address to the nation, that the government would provide an incentive package of Taka 5,000 crore for export-oriented industries.
The recent outbreak of Covid-19 is an unprecedented global issue, leading many to contemplate difficult questions that are plaguing all of humanity.
The human dimensions of the COVID-19 pandemic reach far beyond the critical health response. All aspects of our future will be affected—economic, social and developmental. Our response must be urgent, coordinated and on a global scale, and should immediately deliver help to those most in need.
What will the impact of Covid-19 be on the Bangladesh economy? Overall, it seems inevitable that the GDP gains that were expected to be realised in the current fiscal year are likely to be wiped out.
The world economy is now on lockdown because of the global coronavirus pandemic. Governments and their central banks around the world are wasting no time in dealing with the health and economic implications of this crisis.
Nothing is more useful than water. Ironically, hardly anything can be obtained in exchange for water.
The curtains are falling on the year 2018 and for our economy it was yet again a roller coaster ride of achievements and disappointments. Challenges remain but if our economy's long history of unfaltering resilience is any guide, sooner or later we are going to overcome them.
About one year ago, I had the privilege of meeting one of the top corporate executives in Bangladesh. Well-known as a corporate kingpin heading one of the top multinational companies (MNCs) in our country, he was happy to chat when we were introduced at a family event.
In 2007, a legendary Indian civil servant, BN Yugandhar, then a member of the Indian Planning Commission, asked me to explain how Bangladesh was developing so remarkably.
In 1971, when Bangladesh emerged from the War of Liberation, many doubted that the country could survive as an independent state but today, 47 years later, those doubts have been put to rest.
Global climate change has become one of the dominant discourses in the scientific and public policy arena.
Unlike in many other countries, the private sector in Bangladesh was a crucial player in helping the country move up the development trajectory.
This year marks a decade since the global financial crisis erupted. For the United States, 2018 is very different from 2008.
The long-term trend of GDP growth rate of Bangladesh shows that the country has continued to improve its rate of growth steadily over the past 46 years after independence in 1971.
In material development terms Bangladesh has changed a lot, and has made much progress since I first arrived just over 44 years ago.
The quote "Let us never negotiate out of fear. But let us never fear to negotiate", from John F Kennedy is a mantra that should be adopted by all of us working in the readymade garment (RMG) sector of Bangladesh when entering into price discussions with our trading partners.
