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?
Once again, The National Board of Revenue’s (NBR) “highly secure” server got infiltrated. Cyber criminals used backdoor access to authorise phantom discharge of at least 156 tons of consignment from the Chittagong Port. No tax was paid for the consignments.
Almost eight percent of the country’s jobs are based in Dhaka City. This number rises to 40 percent when Gazipur, Narayanganj and other areas of greater Dhaka are included. Population density and Dhaka-centred investments are having a bad impact on the national economy. It’s also affecting urban development throughout the country. This loss equates to 6 – 10 percent loss of the GDP. Bangladesh Institute of Development Studies presented the figures at the Annual Conference on Development.
Buying and using gold jewellery is a cultural phenomenon. People also buy gold as financial security or a rainy day fund. However, buying gold is only the first step. How would you get a fair price selling it? Todays’ Star Explains brings various aspects of selling used gold jewellery.
“Call Drop” is a technical term used for describing calls that drop due to technical errors of mobile service providers. The main cause behind this is poor signal. According to a recent report by the Bangladesh Telecommunications Regulatory Commission (BTRC), mobile phone users in Bangladesh have received only 22 minutes of compensation for every 100 minutes of call drop in the fiscal year 2020-21. This led to a loss of Tk 16.5 crore for mobile phone users. What are the main reasons for call drops?
Since it started in 1995, Dhaka International Trade Fair has always been held at Sher-E-Bangla Nagar. If everything goes according to plan, the 26th installment of the trade fair is set to be held in 2022. Next year, the fair will be permanently relocated to a new venue.
Tropical cyclone Jawad brought two consecutive days of continuous rainfall in the country, which in turn marred the upcoming winter harvest in many districts.
For the first time in history the value of one US dollar has exceeded the 90-taka mark in informal market The moment our economy started to recover from the coronavirus pandemic, the value of taka against the dollar started to go down.
China pulled out of two of the largest railway projects -- Joydebpur-Ishwardi Double-Line Project budgeted at TK 14,250 crore and Akhaura-Sylhet Dual-Gauge Railway Line budgeted at TK 16,104 crore. Now the Bangladesh government is seeking new investors for these two projects which will improve connectivity of Dhaka with the north-east and north-west of the country respectively.
Great news for Bangladesh on the year of the golden jubilee. Bangladesh has been promoted to a developing country from an underdeveloped country. After 45 years of being a Least Developed Country (LDC), the UN has updated its status.
A mammoth source of income for the National Board of Revenue is now source tax on savings instruments. In the last fiscal year, the government has earned around Tk 3,000 crore from taxing savings tools, the majority of which comes from middle class citizens and small investors.