Embassy says after US delegation meets foreign adviser
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.
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.
These incidents may have a serious impact on the economy
Imports, remittances and forex reserves are likely to increase, the leading chamber says
The panel gets 90 days to prepare and submit the paper
Govt should overhaul ailing sectors, ensure accountability
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.
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.
Inflation bucked its runaway trend in July, becoming the third data point this month after remittance and import to provide some relief to a government on its toes about the direction the economy was taking.
Despite the macroeconomic success, Bangladesh faces several long-standing challenges.
Name a nation where 44 percent of people live in extreme poverty, women have an average of 4.5 children, and the per capita income is less than $500? The answer -- Bangladesh around 1990.
In a rare public call, our prime minister has asked us all to maintain austerity.
There are two major economic problems that have been plaguing Bangladesh for a long time: Rising non-performing loans (NPLs), and money getting laundered out of the country.
The government is bent on raising fuel prices by Tk 10-30 each litre, despite vehement opposition from consumer rights groups and experts.
The National Board of Revenue (NBR) reached 76 per cent of its Tk 330,000 crore revenue generation target in the outgoing fiscal year, meaning it is going to miss its full-year goal once again.
The country’s first metro rail, once launched, will save around Tk 3,500 crore annually in terms of travel time and vehicle operation costs, metro rail authorities said.
The national budget for fiscal year 2022-23 predicted a gross domestic product (GDP) growth of 7.5 per cent, which is unrealistic and not objective, AB Mirza Azizul Islam, former adviser to the caretaker government, said yesterday.
If one looks at the inflationary measures that are proposed in the FY2022-23 budget, there are ample reasons to be frustrated.