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 e-commerce sector experienced rapid expansion during the coronavirus pandemic but the scene changed at the beginning of this year when news of corruption and irregularities of different online platforms started to surface. People started moving away from these platforms and the number of transactions in e-commerce through cards declined by 42% from Tk 1,277 crore in June to Tk 742 crore in July.
The European Union, the largest importer of readymade garments from Bangladesh, will cease to provide the generalised system of preferences (GSP) scheme after the country upgrades to developing nation status.
After the Islamic Foundation, Bangladesh Standards and Testing Institution will be the second authority in the country to provide a halal certificate. To boost exports, BSTI will issue halal certification for processed products, notably processed foods.
There are often irregularities in share prices at the stock market. But this is the first time in a while that an institutional investor like a bank is involved in such an irregularity. The culprit here is NRB Bank.
The government has reduced the interest rate of savings certificate, allegedly due to pressure from different stakeholders.
According to Bangladesh Bank, in the last 2.5 years, the e-commerce sector in Bangladesh has grown 10 fold. Between 2019 and 2020, the amount of transactions of any online-based business has grown double, triple or even four times. But the population that had just recently gotten used to online transactions were jolted by the news of e-commerce companies being exposed, one after another, for various irregularities. Lakhs of online customers are uncertain about hundreds of crores of taka tied up in these online platforms.
Bangladesh recently decided to lend $250 million dollars to Sri Lanka from its foreign currency reserve. This loan will be provided through a currency swap mechanism.
Farmers in Moulvibazar are profiting from honey cultivation with minimal investment.
Where once ponds, lakes and rivers of Bangladesh were full to the brim with fish, species like Bhangon Bata, Nandi, Mohashol, Khorka or Khorika, Goalpara Puia, Pipla Shol or Tila Shol, Kala Pabda, Baghair and Chenua have now became nearly extinct.
Low prices offered by Milk Vita, the sole government-owned dairy factory of the country, has been driving local dairy farmers to turn to unhygienic and unregulated private companies, cutting Milk Vita’s dairy production in half.