Record potato production, yet prices going up
Potato prices are soaring even though farmers this year grew a record 1.04 crore tonnes, cutting the buying power of consumers, especially fixed and low-income people already battered by sustained high inflation.
29 August 2023, 18:00 PM
Agent banking branching out even further
Agent banking, which helps bring banking services to unbanked people, continues to gain ground in Bangladesh as the number of accounts, deposit collection and loan disbursement are on the rise.
15 August 2023, 00:00 AM
Number of bank branches keeps rising
The number of bank branches in Bangladesh rose to 11,212 in June 2023, up 2.11 percent year-on-year, according to central bank data.
13 August 2023, 18:00 PM
Wage growth below inflation for 18th month straight
Although wage growth in Bangladesh has been slowly climbing since July 2021, it has remained below the inflation rate for the past 18 months consecutively, according to the Bangladesh Bureau of Statistics (BBS).
13 August 2023, 00:00 AM
Cleaning Up in Style
While washing machines were once considered a luxury, they have gradually evolved into a necessary home appliance for families, driven by expanding domestic market demand.
11 August 2023, 18:00 PM
BPC again seeks time, funds
The deadline for the “Installation of Single Point Mooring (SPM) with Double Line” project will be extended for the fourth time with the cost to be raised by around Tk 1,000 crore, or 15 percent, according to the Planning Commission.
10 August 2023, 00:00 AM
Most equipment remains unused for lack of knowhow
Although two years have passed since the Department of Livestock Services (DLS) supplied its field offices with modern agricultural machinery for distribution among local farmers, most of the equipment remains unused as officials and beneficiaries of the programme lack relevant training.
9 August 2023, 05:00 AM
Bangladesh’s export-GDP ratio lowest among LDCs
When it comes to the percentage of goods and commercial services exports in gross domestic product (GDP), Bangladesh has had some of the lowest figures among 46 least developed countries (LDCs) over the years.
3 August 2023, 18:00 PM
Why unemployment rate is decreasing
Unemployment has declined in Bangladesh, and although this means more people are contributing to the economy, analysts are not too upbeat about the development as most of the growth took place in agriculture.
2 August 2023, 18:00 PM
Three fish varieties that revolutionised aquaculture
Bangladesh witnessed a massive growth in fish production in the last 12 years through aquaculture driven by a surge in yield of three fish varieties, namely pangas, tilapia and climbing fish (koi).
31 July 2023, 00:00 AM
Industrial production growth almost halves
Production growth in Bangladesh slowed significantly in the July-March period of 2022-23 due to the global economic slowdown and gas and electricity shortages at home, according to the Bangladesh Bureau of Statistics (BBS).
26 July 2023, 00:10 AM
Bangladeshis use internet mostly for calls, social networking, news
Calls, social networking and news consumption dominate internet usage in Bangladesh amidst a scarcity of local and Bangla content.
23 July 2023, 00:00 AM
Development spending falls
The government managed to spend 84.16 per cent of its development budget in the just-concluded fiscal year, way lower than its averages in recent decades, official figures showed yesterday.
21 July 2023, 02:00 AM
Exports continue to depend on five key markets
Five developed nations have continued to account for more than half of Bangladesh’s export earnings, highlighting the country’s narrow market base and the vulnerability it faces.
17 July 2023, 01:00 AM
Food storage project halfway though a decade has gone by
A government project aiming to enhance food security in Bangladesh has made less than 50 per cent progress even though nearly 10 years have passed since the Tk 3,569 crore initiative began in January 2014.
13 July 2023, 00:30 AM
Farmers allege difficulties in availing after-sales services
Farmers in Bangladesh are struggling to make the most of a government project that aims to expand farm mechanisation as they face difficulties in availing after-sales services, among other issues, according to a report by the Implementation Monitoring and Evaluation Division (IMED).
10 July 2023, 00:20 AM
Workers’ woes won’t end as inflation outpaces wage growth
The cost-of-living crisis seems to have brought more woes for daily workers in Bangladesh than other groups of labourers as their average wage growth has been below the inflation rate for the past two fiscal years.
6 July 2023, 00:00 AM
Eid vacation raises concern for mango farmers
The ongoing holiday centring Eid-ul-Azha has raised concerns among mango farmers that prices for the fruit may decline further in coming days despite the high production cost.
28 June 2023, 00:50 AM
Govt’s borrowing goes up amid falling revenue
The government’s dependence on borrowing to finance national budgets has increased over the past decade as revenue collection has failed to keep pace with the ballooning public expenditure.
25 June 2023, 02:00 AM
ADP spending to miss targets by wide margin
The government is set to miss its development spending target as well as the goal of raising the use of foreign loans by a large margin in the outgoing financial year, official figures showed.
18 June 2023, 18:00 PM