economic crisis

January 22, 2023
January 22, 2023

Gas, power price hike: Pharma sector fears 25% rise in production cost

Medical treatments are about to get costlier as production cost for manufacturing  drugs will go up by at least 25 per cent following a recent hike in gas and power charges, according to manufacturers.

January 13, 2023
January 13, 2023

Lanka gets 6 more months to repay BB’s $200m

Bangladesh Bank yesterday granted Sri Lanka’s request to be given six more months to repay a $200 million loan due to the prolonging of its economic crisis. 

December 14, 2022
December 14, 2022

Climate change to fuel humanitarian crises in 2023

Climate change will accelerate humanitarian crises around the world in 2023, adding to the issues created by armed conflict and economic downturns, according to a study by the NGO International Rescue Committee (IRC).

November 30, 2022
November 30, 2022

FY23’s first budget support materialises

The Asian Infrastructure Investment Bank has become the first multilateral lender to respond to Bangladesh’s call for budget support this fiscal year to weather the impacts of the Ukraine war after its board approved $250 million last week.

November 28, 2022
November 28, 2022

Consumption-led growth could slow economic expansion

Bangladesh may witness slower economic growth in the coming future if it retains the consumption-led growth, which will also exacerbate the widening inequality, said a development economist yesterday.

November 24, 2022
November 24, 2022

How fiscal restraint can help fight inflation

Government support was vital to help people and firms survive pandemic lockdowns and support the economic recovery. But where inflation is high and persistent, across-the-board fiscal support is not warranted. Most governments have already dialed back pandemic support.

November 20, 2022
November 20, 2022

Firms’ falling profits testify to slowing business, economy

Businesses in Bangladesh went through a tough time in recent months due to a dearer US dollar that pushed up their costs of raw materials and a rocketing fuel bill that contributed to the surge in operating expenses. 

November 18, 2022
November 18, 2022

Oil, sugar price hike yet another shock to the economy

The government must implement economic policies that deal with the ongoing crisis

November 8, 2022
November 8, 2022

Timely steps can help avert crisis

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.

November 2, 2022
November 2, 2022

Reduce fund wastage, phase out subsidy in energy sector

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.