economic crisis
Has the ‘polycrisis’ overwhelmed us?
Just as social media competes for individuals’ attention, so do global crises.
Retail sales drop as blockade bites
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.
Unrest bearing on fragile economy
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.
How right to information helped Sri Lanka manage its crisis
Through the RTI Commission of Sri Lanka, citizens could weight in on matters impacting the nation.
Stop blaming external factors for record-high inflation
Bangladesh government should own up to its mistakes
What Bangladesh's new budget should offer to common people
The upcoming budget poses significant challenges – arguably the most challenging in recent times – for economic policymaking in Bangladesh.
Demand for luxury flats intact despite economic woes
The demand for luxury apartments has remained unchanged while the sales of regular properties and initiation of new housing projects are in the slow lane amid the ongoing economic crisis, according to market players.
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.
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.
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.
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.
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.
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.
Oil, sugar price hike yet another shock to the economy
The government must implement economic policies that deal with the ongoing crisis
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.
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.
“End Russia-Ukraine war, allow people to live better lives”
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.
Bangladesh’s forex reserves slip below $39b
Foreign exchange reserves in Bangladesh slipped below $39 billion owing to high import payments.
Bangladesh economy: Not in crisis but under stress
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.
