Bangladesh economy

June 29, 2022
June 29, 2022

Fuel prices may go up by at least Tk 10

The government is bent on raising fuel prices by Tk 10-30 each litre, despite vehement opposition from consumer rights groups and experts.

June 28, 2022
June 28, 2022

NBR set to miss revenue generation target again

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.

June 16, 2022
June 16, 2022

Metro rail can save Tk 3,500cr every year

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.

June 12, 2022
June 12, 2022

7.5pc GDP growth target unrealistic, says economist

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.

June 10, 2022
June 10, 2022

Budget 2022-23: Inflationary concerns not addressed adequately

If one looks at the inflationary measures that are proposed in the FY2022-23 budget, there are ample reasons to be frustrated.

June 9, 2022
June 9, 2022

“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.

June 8, 2022
June 8, 2022

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. 

June 8, 2022
June 8, 2022

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.

May 26, 2022
May 26, 2022

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.

May 24, 2022
May 24, 2022

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.