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?
Bangladesh Telecommunication Regulatory Commission (BTRC) has directed the mobile phone operators to roll out two types of new internet data packages, which will offer mobile users with data without expiry date and monthly limitless data.
After the Rana Plaza building collapse in 2013, which claimed the lives of at least 1,138 people, the garments sector of Bangladesh was put under immense pressure -- especially from international stakeholders -- to improve workers’ safety and working conditions.
The prime index of the Dhaka Stock Exchange rose 77 points last week from the previous week. However, the index started the week with a 102-point fall.
The Daily Star analysed the financial statements of local and foreign banks operating in Bangladesh. The data shows most of the big banks’ profits waned in 2021 compared to the previous year due to mainly two reasons -- lower interest rate and higher non-performing loans.
Bangladesh will lose all its benefits of being an underdeveloped country when it graduates to a developing country -- with the garments sector being hit one of the hardest.
What is the possibility of Bangladesh ending up in an economic disaster like that of Sri Lanka? This has been the topic of discussion on social media of late. ADB economists have advised Bangladesh to build a more robust macroeconomic management, internal revenue collection, as well as credit management policies.
Bangladeshi garment exporters to Russia did not see the eastern European country’s war with Ukraine coming. They became really worried about their payments from Russian buyers when the US government and the European Union started imposing bans to hamper Russia’s foreign transactions. Even bans were slapped on the use of airspaces. Moreover, the Biden administration took steps to cut off Russia's central bank from US dollar transactions.
In the Middle Ages, Chattogram was one of the major hubs for the wooden shipbuilding industry. Ships from Chattogram used to be exported to places like Egypt, Turkey, and Germany.
There was a time when people were interested in bank shares. Prices of bank shares were quite high due to the demand.
Mongla Export Processing Zone or in short Mongla EPZ was established in 2001 in a hope to attract new investments from all around the world and subsequently emancipate the south-western Bangladesh from economic negligence.