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 solution to this deviant problem, in my humble opinion, lies not in cutting the head to cure the headache, but in thoughtful and in-depth deliberation focusing on set principles and objectives of the national saving scheme—its history, aims and objectives since 1944.
Although a large population is traditionally seen as a bottleneck for rapid growth in a country like Bangladesh, recent development literature highlights two-way positive interactions between population and economic growth, especially in terms of its changing age structure.
The global economic outlook of Bangladesh looks positive due to its high GDP growth rate, political stability, and geopolitical support.
Recently, Bangladesh Association of Bankers (BAB), a body representing the owners of private commercial banks in Bangladesh, announced that interest rates charged by these financial institutions would be brought down to the single digits from July 1.
The Finance Minister has placed the national budget for fiscal year 2018-19 before parliament for “discussion” and “approval” by the house.
According to a report, Bangladesh has recently achieved the benchmark qualifications of a middle-income country. The certification of this status will take several years, as the UN would want to be convinced first that the country is unlikely to slide back to its previous state. But the fact remains that in 2018, we have met the criteria.
Bangladesh has always been a sports-loving nation. Sports brings people together irrespective of religion or social and economic background. Our women's football or cricket teams are obvious examples of how sports can promote women's empowerment and gender equality. Bangladesh's women footballers are now competing with foreign women football leagues which was unthinkable even a few years ago.
Jonathan Garber, the markets editor at Business Insider, wrote an article addressing Bangladesh as a “New Asian Tiger” which attracted significant attention from researchers, policy-level practitioners, and many more relevant personnel.
What is the future economic growth prospect of Bangladesh? An analysis of Bangladesh's past economic growth in a comparative perspective can help find an answer to this question.
Corporate governance (CG) has now become a prime concern for policymakers around the globe.