When prices of widely consumed staples like potatoes, edible oil, sugar or onions spike and remain inflated for extended periods, it understandably hits the poor and low-income people where it hurts the most: in their wallet.
Based on the compilation of media reports on bank scams between 2008 and 2023, CPD said as much as 92 thousand crores of taka have been siphoned out of the banking sector in the last fifteen years
How can Bangladesh avoid the economic crisis to deepen further?
Why is Bangladesh facing economic problems? Why did the country fail to follow the IMF's loan conditions? What are the remedies?
What can be done with the national debit card? Where can the ‘Taka Pay’ card be found? Will the card end the business of Mastercard and Visa in Bangladesh?
The government of Bangladesh has been turning to Public Private Partnership for a total of 78 projects till date - including Dhaka Elevated Expressway, Dhaka Hi Tech City, Mirsarai Economic Zone, etc. As of 2022, only one project has been completed.
Not long ago, Bangladeshi companies were not allowed to invest abroad. In 2014, a Bangladeshi company was given permission to make such an investment for the first time. Only 16 organisations have had this opportunity so far. However, according to a guideline published by Bangladesh Bank on January 27, any Bangladeshi company will be able to open sister concerns abroad.
It has been almost a decade since the government initiated prepaid gas metres. Those who have installed the prepaid metres have claimed that their minimal bills have been almost halved compared to traditional gas lines.
Every district town and divisional city in the country has movie theatres. Around 80% of the industry’s workforce have changed professions in the last 10 years. Most of the cinema hall owners have demolished the buildings and started developing multi-storey shopping complexes instead.
Bangladesh has ramped up its woven garment exports in recent months. The garments industry exported goods worth USD 1.86 billion in woven garments in December 2021 -- the highest recorded amount. From April 2020 to July 2021, woven garments export fell drastically due to the pandemic. How did this export boom start again?
Regular investors of the stock market usually buy their shares from brokerage houses. People usually deposit the money in these houses in good faith to place orders to buy shares. But some brokers have managed to swindle ordinary investors out of their hard-earned money. A lot of people are yet to receive their money properly despite actions taken by the regulatory body. How is this scam being operated? What are the effects of it? How can this scam be stopped?
In November 2021, the flow of remittance saw a decline. A lot of Bangladeshis living abroad are choosing to use illegal channels locally known as “Hundi”. This illegal system has led to a fall in remittance.
Eventful 2021 is coming to an end. Every sector of the economy fell victim to the never-ending coronavirus pandemic this year. Sometimes the fraudulent activities of e-commerce companies were the main topic of discussion, while corruption in the banking sector also came to the limelight to rock the nation. Efforts to get back to the economy's growing momentum were also seen. Watch this video of The Daily Star to know the significant events of the outgoing year.
It is now becoming an open secret that there have been conflicts between Bangladesh Bank and BSEC recently. What are the conflicts about? What can be the consequences?
Prices of most products have gone up in the global market due to recovering demands after the pandemic, alongside unprecedented shipping charges, and supply obstacles. As a result, inflation is rising in import-dependent countries like Bangladesh. Last October, inflation was the highest in the last 12 months, while non-food inflation was the highest in the last five years.