Bangladesh is among several Asia-Pacific economies at risk of credit pressure from escalating US tariffs, Fitch Ratings warned yesterday, as trade tensions continue to rattle global markets.
Finance adviser talks about govt’s 3 strategies to ease economic strain
The previous government, led by Sheikh Hasina, ignored repeated warnings from experts on various economic issues in Bangladesh, according to Mohammed Farashuddin, a former governor of the country’s central bank..“The Hasina administration did not heed warnings from economists on the lack o
Bangladesh’s worsening economic crisis has spun off a price shock with food inflation crossing 14 percent in July for the first time in 13 years.
Bangladesh has entered a new chapter in its journey as the wheels of the economy are rolling again, with the country still healing from fresh wounds.
Just as social media competes for individuals’ attention, so do global crises.
The nationwide blockade being observed by several political parties in Bangladesh is taking its toll on businesses as sales have plunged. The transport blockade, set to enter its fifth phase on Wednesday, aims at forcing the current government to step down and pave the way for holding the next parliamentary election under a non-partisan interim government.
The political unrest and the garment workers’ agitation in the apparel sector have started to take a toll on the economy that is already grappling with elevated inflation, a depleting dollar stockpile, slowing exports and decelerating private sector activities.
Through the RTI Commission of Sri Lanka, citizens could weight in on matters impacting the nation.
Bangladesh may fall into deep economic crisis unless it puts in place comprehensive policies and reforms, and starts implementing them immediately, said a number of economists yesterday.
The government should stop fund wastage in the energy sector and eventually phase out subsidies, which have created pressure on the public coffer, according to economists and entrepreneurs.
Prime Minister Sheikh Hasina today (October 27, 2022) said urged the global community to end the Russia-Ukraine war, withdraw sanctions and allow people, who have nothing to do with the war, to have a shot at a better life.
Foreign exchange reserves in Bangladesh slipped below $39 billion owing to high import payments.
Bangladesh’s economy is experiencing stress because of the pressure on the foreign exchange reserves, but the situation is not as alarming as many think, said top brass in the financial sector yesterday.
The economy needs firm handling to ensure the situation doesn't turn into a crisis.
The US dollar is on a tear, strengthening around 11 per cent since the start of the year and – for the first time in two decades – reaching parity with the Euro.
Authorities must take stern action to stop scams and frauds
The recent economic crisis has placed everyone on the edge of their seats. Citizens are worried about everything from power shortages to being unable to catch-up with the rising inflation. Hence, in these troubled times, RBR comes up with few solutions to minimise the scare and live a better life than expected.
Shares of small capital-based companies surged abnormally on the Dhaka Stock Exchange (DSE) in the past month whereas the benchmark index of the premier bourse of Bangladesh, as well as blue-chip securities, has been in a bearish mood.
