Bangladesh economy
US assures Bangladesh of helping expand economic opportunities
Embassy says after US delegation meets foreign adviser
Turning the tide: Critical reforms to correct 15 years of misrule
As Bangladesh enters a new era following the ouster of the Sheikh Hasina-led Awami League government, which ruled over the nation for 15 years and is responsible for countless financial wrongdoings, the need of the hour is to reform the overall system of governance.
Country must be back in business without delay
Amid worker unrest and insecurity in the industrial sector, entrepreneurs and bankers have urged the new administration to focus on rebuilding confidence in the economy.
Attacks on businesses must be prevented
These incidents may have a serious impact on the economy
Major economic indicators showing signs of improvement: MCCI
Imports, remittances and forex reserves are likely to increase, the leading chamber says
Panel will include issues beyond its mandate in white paper: Debapriaya
The panel gets 90 days to prepare and submit the paper
Public institutions must perform better
Govt should overhaul ailing sectors, ensure accountability
Businesses pick up the pieces
Economic activities are finally returning to normal after three weeks of upheaval as both garment and non-garment factories started operations in full swing yesterday, according to industry insiders.
Economists outline top priorities for new finance adviser
The priorities of newly appointed finance adviser Salehuddin Ahmed should be to make key financial institutions functional immediately, control inflation, and present accurate data on exports, imports, GDP and important economic indicators, economists said.
In a time of crisis, global leaders have failed us
Countries in Southeast Asia had until recently taken for granted a stable relationship between China and the US to preserve their own prosperity.
Small businesses suffer as sales drop for high inflation
Cottage, micro, small-and-medium enterprises (CMSMEs) in Bangladesh are suffering from significantly lower sales at a time when inflationary pressure has pushed up production costs, according to entrepreneurs.
Private sector driving Bangladesh towards $1-tr economy
Private companies are spearheading Bangladesh’s growth with their energy and optimism, putting the economy on a path to cross the $1-trillion mark by 2040, according to a top global consulting firm.
3 binding conditions for IMF loan
The International Monetary Fund is set to tag three binding conditions and a host of structural reforms for the prospective $4.5 billion loan to Bangladesh, as the Washington-based multilateral lender looks to bring in lasting reforms in the country.
Local denim retains dominance in US markets
Local denim has maintained its top position in the US markets despite the ongoing global crisis as the demand for garments made from the widely used fabric is soaring among American consumers.
Dollar gains against major currencies
The U.S. dollar was firmly higher against major currencies on Monday, while China’s yuan slipped as sentiment was soured by rising COVID cases and tightening restrictions in some cities in the world’s second-biggest economy.
Will the government touch the ‘untouchables’?
The default-loan narrative has smeared our otherwise powerful story of graduation from the Least Developed Country (LDC) status.
What does the IMF loan mean for Bangladesh?
This fiscal year alone, the Bangladesh Bank has supplied more than $4.5 billion to the market to support the exchange rate, while the import bill averages $6 billion a month.
IMF approves $4.5b loan for Bangladesh
The government and the IMF team have reached a staff-level agreement to support the authorities’ reform policies under a new 42-month ECF/EFF arrangement of about $3.2 billion, and a concurrent RSF arrangement of about $1.3 billion.
Economy paying the price of cheap funds
The current lending rate, which equals the inflation rate, has brought about major challenges for the economy as a negative interest rate has prompted many large clients to borrow hugely despite subdued demand, giving them the leeway to divert funds to the unproductive sector.