The government’s cash incentive against export receipts has soared over the years although many sectors could not make their mark in the global market, bringing in limited results for the government’s diversification initiative.
The Bangladesh Bank told businesspeople that the lending rates will not exceed 14 percent, according to the leaders of several trade bodies.
Power generation companies, including rental ones, may see an end to a zero-duty benefit on their import of machinery, equipment and spare parts from next fiscal year as the government moves towards generating more revenue curtailing the practice of handing out tax exemptions.
An amnesty provided to black money invested in economic zones and hi-tech parks is unlikely to be continued from the next fiscal year of 2024-25 as per plans of the National Board of Revenue (NBR).
Competition in the cement industry of Bangladesh could become even narrower as smaller producers are at risk of going out of business due to overcapacity in production and increasingly higher input costs.
Bangladesh’s foreign exchange reserves have been falling since September 2021 despite a series of government initiatives to reverse the trend.
High inflation, rising pressure on external account to slow down economy, the economist said
Crisis-ridden National Bank’s financial woes have deepened further, as the bank’s losses increased by a massive 145 percent year-on-year in the first quarter of 2024.
Bangladesh could earn a few billion US dollars from global carbon trading each year if carbon reduction projects are properly implemented in the country, according to speakers at a discussion.
With the news of brain chip implants, our friends joked that advertisers would run commercials in our brains if we got chips without a subscription.
The Chittagong Port Authority signs MoU with the Abu Dhabi-based company
In Jan-Mar, the bank made a profit of Tk 164 crore this year, up from Tk 134 crore last year
The bank's profit rose 26% year-on-year to Tk 60.39 crore in Jan-Mar period of 2024
The government has approved the Annual Development Programme of Tk 2.65 lakh crore for fiscal 2024-25
Chittagong Port Authority (CPA) will sign a memorandum of understanding (MoU) with AD Ports Group today regarding the latter’s proposal to implement a portion of the Bay Terminal project.
Offshore banking is increasingly becoming a key window for banks in Bangladesh to facilitate investments and international trade by attracting deposits in foreign currencies.
Investors in the economic zones and hi-tech parks in Bangladesh may see an end to the zero-duty benefit on imports of capital machinery, components and construction materials next fiscal year.
The annual consumer price index (CPI) came in at 3.4 percent in April, down 0.1 percentage point from March
Gross domestic product in the world's number four economy shrank by 0.5 percent against market expectations of a drop of only 0.3 percent
Despite targeting $18 billion in imports across new and already targeted sectors, analysts do not expect a major economic impact, assuming Beijing does not retaliate significantly
Deposits in Islamic banks reduced, but in Islamic banking branches of conventional banks rose
Bangladesh would be able to earn $10 billion from semiconductor manufacturing by 2041 if proper policy support is ensured, according to Zunaid Ahmed Palak, state minister for telecom and ICT.
Says HSBC’s chief economist for Asia
The Biden administration's new tariffs on Chinese electric vehicles and other strategic sectors aim to protect the future of US manufacturing, but they will likely accelerate a shift of Chinese production to Mexico, Vietnam and elsewhere to avoid them
The monthly inflation rate rose at 8.8 percent, compared to 11 percent in March
Avery Dennison, a global leader in materials science and digital identification solutions, with the KLABU Foundation and the Bangladeshi NGO Friendship organised a football tournament for children living in Ukhiya at Cox’s Bazar, the world's largest refugee camp.
Instant communication platform imo and Bangladesh-based non-profit organisation JAAGO Foundation signed an Memorandum of Understanding (MoU) to facilitate better education for the marginalised children of the country.
Electro Mart has launched a monthlong promotional programme for its Konka and Haiko brand electronics ahead of Eid-ul-Azha.
Islami Bank Bangladesh and Transfast, a remittance brand of Mastercard, declared the winners of the “Transfast-Islami Bank Remittance Campaign”.
The Institute of Chartered Accountants of Bangladesh (ICAB) has signed a memorandum of understanding (MoU) with the Bangladesh Public Procurement Authority (BPPA), enabling financial discipline in the public procurement system of the country.
The 11th National Small and Medium Enterprise (SME) Fair-2024, the biggest fair of locally made products, will take place at the Bangabandhu International Convention Centre in the capital's Agargaon from May 19 to 25.
Prime Bank Investment Ltd (PBIL) recently organised an “Investment Roadshow Singapore 2024”, aiming to empower remittance earners and unlock the nation’s potential in the Capital Market.
Despite global uncertainty, Bangladesh’s outlook has remained bright and the economy is expected to grow steadily, said a top economist of the Hongkong and Shanghai Banking Corporation (HSBC).
The price of potatoes has begun an upward climb in the market
Based on the compilation of media reports on bank scams between 2008 and 2023, CPD said as much as 92 thousand crores of taka have been siphoned out of the banking sector in the last fifteen years
How can Bangladesh avoid the economic crisis to deepen further?
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Why is Bangladesh facing economic problems? Why did the country fail to follow the IMF's loan conditions? What are the remedies?
British American Tobacco Bangladesh (BATB) saw a drop in its profits and sales in the January-March period of 2024, reasoning that people had cut back on smoking cigarettes amidst high inflationary pressure.
Bangladesh Bank has dismissed a report published by an Indian digital news outlet on a “new reserve heist” at the central bank.
In the wake of massive adulteration of food, Bangladesh and the Netherlands today launched a joint initiative to produce healthy food and market them in Bangladesh through Fargo Private Limited.
IFIC Bank has recently promoted an official to the post of additional managing director (AMD).
Syed Mahbubur Rahman, managing director and CEO of Mutual Trust Bank, and Mohammad Jahangir, managing director and CEO of Rupali Bank, have been elected as chairman and vice-chairman respectively of Primary Dealers Bangladesh Limited (PDBL).
National Finance recently organised its 21st annual general meeting (AGM) and 5th extraordinary general meeting (EOGM) at the Radisson Blu Dhaka Water Garden.
NRB Bank has recently signed an agreement with AMZ Hospital Ltd on service facilities.
Prime Bank won accolades in three categories at The Asset Triple A Awards 2023 in Bangladesh for its contribution to sustainable finance.
SBAC Bank recently launched a new digital products platform, styled “SBAC Smart Banking Services”, in celebration of the bank’s 11th founding anniversary.
It was “absolutely fake” news, Bangladesh Bank spokesman Mezbaul Haque said today.