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.
“A budget, which will let us breathe a sigh of relief”
Finance Minister, AHM Mustafa Kamal will be presenting the proposed budget for the financial year of 2022-2023 on Thursday, June 9, 2022. Alongside the general public, Bangladeshi celebrities and stars also have certain expectations from the government in regards to the upcoming budget. Actor Sohel Rana, musician Kumar Bishwajit, actor Riaz Ahmed and actress Meher Afroz Shaon spoke to The Daily Star about their expectations for the budget.
Govt’s borrowing from banks to go up
The government’s borrowing from the banking system has started to go up mainly due to its lacklustre performance in revenue collection and falling investment in savings certificates.
FY 2022-23 budget to be cautiously larger
The government is preparing the budget in a cautious way, refraining from increasing expenditure by too much of an extent, keeping in mind the ongoing global economic crisis stemming from the pandemic and Russia-Ukraine war, State Minister for Planning Shamsul Alam said.
Regulator steps up efforts to stop freefall of stocks
The stock market regulator in Bangladesh has stepped up its efforts to forestall the freefall of shares despite criticism from institutional investors and analysts as uncertainty is deepening owing to the raging Ukraine war, persistently higher inflation and fresh coronavirus flareups.
GDP: A misleading measure of development
Annual GDP refers to the financial value of all the products and services produced in a country in a given year. This means as a country’s financial transactions increase, so does GDP.
Managing exchange rate regime: any cause for panic?
Exchange rate management has become a frontline issue in Bangladesh in recent times. The sharp rise in the price of the dollar and the significant decline in the foreign exchange reserves within a short span of time have sent shock waves across the economy.
Rising costs derail economic recovery of poor
When his children ask Russel Shaikh why there is no meat and even fish in their meals, he has no answer. This is because he simply has no choice as soaring prices of essential commodities and the rising cost of living have hit hard the pockets of the low-income people like him.
Bangladesh Economy: What got you here won’t get you there
Over the years, Bangladesh has achieved considerable economic progress despite many odds. The economy, however, has now reached a point where continued progress will require course corrections, as alluded by the title of this write up, which is also the subtitle of a bestselling business book.
No foreign trips for govt officials, implementation of import-based projects
To ease pressure on foreign exchange reserves, the government has decided to stop foreign trips of its officials and postponed implementation of less important projects that require imports.
Bangladesh economy grows 7.25% in FY22: BBS
Bangladesh’s economy has grown 7.25 per cent in the outgoing fiscal year of 2021-22, powered by an expansion of manufacturing activities, according to the provisional data of Bangladesh Bureau of Statistics (BBS).