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?
In 1995, maize cultivation began in the abandoned char areas of Lalmonirhat, under the supervision of Department of Agricultural Extension. Today, the number of maize farmers there has grown from 200 to over 20,000. App. 3,35,000 metric tonnes of maize was produced in the district in 2021. Although maize cultivation has brought fortune for the farmers, there are complaints about its trade. The farmers would have gotten better prices if there were maize processing and storage facilities.
According to the government, Bangladesh is now self-sufficient in food production, especially in rice production. But we still have to rely on imports in order to meet the nutritional demands of our population. What does self-sufficiency mean then?
BMW, Mercedes Benz, Ford, Land Rover, Lexus, Mitsubishi, Toyota and many more luxurious cars are on auction in Chittagong Port’s auction this time around. The auction will be open for the public both online and through several tender boxes around the country coming Wednesday and Thursday.
During the coronavirus induced lockdown, Facebook based businesses drew more customers. But recently, complaints of fraud in many of these social media businesses have not only skyrocketed, it has also seen an increase in delivery of wrong and substandard products. As a result, customers are now losing faith in this business model as a whole.
Hazrat Shahjalal International Airport (HSIA) is now proving to be inadequate in handling current export traffic -- because of laxity in providing functional Explosive Detective Systems. Exporters are worried that this can cause delay in shipment, and ultimately substantial loss in foreign revenue.
For the last one year, share market indices have been on the rise. Since October 2020 till now the shares of 20 companies whose share prices have increased the most are either Z or B category shares or shares of companies whose production had been halted.
Prices of essentials are on the rise. The increase in the price of onion in India and price of oil in the international market has affected respective prices in Bangladesh as well. To that has been added the recent hike in LP gas and fuel prices.
Recently, NRB Bank bought shares at high prices and sold them at a lower price. Although the bank incurred losses because of this, others benefited through the unethical trading practice that put depositors’ money at risk. How did this kind of irregularity happen in an institution like a bank?
On October 10, 2021, Bangladesh Energy Regulatory Commission increased the price of LP gas by Tk 226 per 12kg cylinder unit, a new record in retail price. Now consumers have to spend Tk 1,259 for one 12kg cylinder of LP gas.
Bangladesh has seen its lowest remittance in 16 months in September. In last fiscal year 2020-21, Bangladesh received a record remittance of US$ 24.78 billion, and many saw it as a change towards the positive.