Bangladesh economy

Bangladesh economy might have expanded in Nov

Purchasing Managers' Index increases by 6.5 percentage points to 62.2  

Recover stolen funds as a top priority

$234 billion siphoned out of Bangladesh between 2009 and 2023 when Awami League was in power

Moody’s downgrades Bangladesh banking rating to ‘very weak’

Moody’s has downgraded Bangladesh’s banking sector to “very weak” from “weak”, citing worsening client confidence, limited transparency and inadequate financial safeguards over the past year.

What does Moody’s downgrade mean for economy?

Moody’s downgrade of Bangladesh’s economic outlook from stable to negative is expected to have limited immediate impact on the economy, but may affect international trade for banks, leading to higher costs for letters of credit (LCs) and more stringent reviews of private sector credit, experts stated.

Moody's downgrades Bangladesh's ratings to B2, changes outlook to negative

“The downgrade reflects heightened political risks and lower growth, which increases government liquidity risks, external vulnerabilities and banking sector risks, following the recent political and social unrest that led to a change in government,” said Moody’s.

100 DAYS OF INTERIM GOVT / Economic expectations: Did govt fall short?

When an interim government was sworn into office following the ouster of the Awami League regime just 100 days ago, there was an air of expectation that the Prof Muhammad Yunus-led administration would take steps to salvage a scam-ridden financial sector and rescue an ailing economy.

100 Days of interim government / Engage private sector more in reforms to energise economy

The government should increase its engagement with the country’s private sector in making policies and decisions amid ongoing reforms, according to prominent business leaders, who cited major challenges such as high inflation, rising interest rates and slowing demand and investment that are now plaguing private businesses.

What does Trump 2.0 mean for businesses in Bangladesh?

For local business communities, Donald Trump’s victory in the presidential race has been shorthand for the expectation that Western apparel orders and some foreign investments would shift to Bangladesh, with global fashion powerhouse China possibly facing higher import tariffs from the US.

Economy is making a turnaround: finance adviser

Business leaders appreciate the steps taken for the domestic industry

December 8, 2024
December 8, 2024

Bangladesh economy might have expanded in Nov

Purchasing Managers' Index increases by 6.5 percentage points to 62.2  

December 2, 2024
December 2, 2024

Recover stolen funds as a top priority

$234 billion siphoned out of Bangladesh between 2009 and 2023 when Awami League was in power

November 21, 2024
November 21, 2024

Moody’s downgrades Bangladesh banking rating to ‘very weak’

Moody’s has downgraded Bangladesh’s banking sector to “very weak” from “weak”, citing worsening client confidence, limited transparency and inadequate financial safeguards over the past year.

November 20, 2024
November 20, 2024

What does Moody’s downgrade mean for economy?

Moody’s downgrade of Bangladesh’s economic outlook from stable to negative is expected to have limited immediate impact on the economy, but may affect international trade for banks, leading to higher costs for letters of credit (LCs) and more stringent reviews of private sector credit, experts stated.

November 18, 2024
November 18, 2024

Moody's downgrades Bangladesh's ratings to B2, changes outlook to negative

“The downgrade reflects heightened political risks and lower growth, which increases government liquidity risks, external vulnerabilities and banking sector risks, following the recent political and social unrest that led to a change in government,” said Moody’s.

November 18, 2024
November 18, 2024

Economic expectations: Did govt fall short?

When an interim government was sworn into office following the ouster of the Awami League regime just 100 days ago, there was an air of expectation that the Prof Muhammad Yunus-led administration would take steps to salvage a scam-ridden financial sector and rescue an ailing economy.

November 17, 2024
November 17, 2024

Engage private sector more in reforms to energise economy

The government should increase its engagement with the country’s private sector in making policies and decisions amid ongoing reforms, according to prominent business leaders, who cited major challenges such as high inflation, rising interest rates and slowing demand and investment that are now plaguing private businesses.

November 7, 2024
November 7, 2024

What does Trump 2.0 mean for businesses in Bangladesh?

For local business communities, Donald Trump’s victory in the presidential race has been shorthand for the expectation that Western apparel orders and some foreign investments would shift to Bangladesh, with global fashion powerhouse China possibly facing higher import tariffs from the US.

October 31, 2024
October 31, 2024

Economy is making a turnaround: finance adviser

Business leaders appreciate the steps taken for the domestic industry

October 30, 2024
October 30, 2024

Security a must for economic recovery: MCCI

Smooth logistics, banking services and security for industries are a must to ensure a revival of economic activities that have been disrupted following the mass uprising that toppled the previous government.