Production of jute textiles slumps
The production of jute textiles has fallen significantly over the past two years due to a drop in exports and the government’s failure to strictly impose the mandatory packaging law that led to decreased domestic demand, according to jute textile millers.
26 September 2022, 02:50 AM
Revenue collection jumps 21pc in Jul-Aug
Revenue collection by the National Board of Revenue (NBR) witnessed robust growth of 21 per cent in the July-August period of the current fiscal year thanks to the devaluation of taka, high inflationary pressure and expansion of the economy.
21 September 2022, 02:50 AM
Household survey focuses on food security
The ongoing Household Income and Expenditure Survey is giving special emphasis to gauging Bangladesh’s food security in keeping with the global food shortage sown by the pandemic and turbocharged by the Ukraine war.
20 September 2022, 02:00 AM
External debt repayment to double in 3yrs
Bangladesh’s external debt repayment obligation will double in the next three years, according to data of the Economic Relations Division (ERD).
19 September 2022, 02:30 AM
Austerity hits July’s ADP spending
The government’s austerity measures have hit implementation of the annual development programme (ADP) in the first month of the current fiscal year, with just 0.96 per cent of the total allocation being spent, the lowest in the last four years.
25 August 2022, 03:00 AM
Export basket: Garment’s clout only grows
Despite a lot of emphasis by policy-makers on cutting dependence on a single product for exports over the years, the share of readymade garments has increased gradually, putting external sales, jobs, and the economy as a whole at risk.
22 August 2022, 02:45 AM
Export diversification goes nowhere as govt project limps
A Tk 9.95 crore project of the commerce ministry aimed at expanding the country’s export basket and reducing import dependency has failed to meet its deadline for a second time due to the slow pace of implementation.
22 August 2022, 02:15 AM
Cement industry in a bind
Cement makers are passing tough times amidst a decline in demand from public construction in tune with the government’s austerity measures and sluggish private initiatives on building homes and other facilities for inflation.
17 August 2022, 02:45 AM
Rural road project set to miss deadline
Though four of its five stipulated years have already elapsed, a Local Government Engineering Department (LGED) project on developing 2,210 kilometres of rural roads has witnessed the completion of only a third of its core task.
15 August 2022, 02:00 AM
Demographic dividend: Are we letting it pass us by?
Bangladesh is wasting its once-in-a-lifetime window of demographic dividend -- the economic growth potential that can result from a peak in working-age people -- due to its inability to create jobs.
14 August 2022, 02:00 AM
Realtors go slow in taking up new projects
Real estate companies in Bangladesh are cautiously taking up new projects as the war in Ukraine, the strain on foreign currency reserves, the dollar shortage, runaway inflation and higher construction costs have cemented worries that sales of flats might slow in the coming months.
3 August 2022, 03:15 AM
Tk 236cr project to roll out 5G by next year
The government is finally moving ahead with a project to roll out fifth-generation (5G) mobile internet services through state-run network provider Teletalk, according to officials of the planning ministry.
1 August 2022, 03:00 AM
Slow progress in BREB solar pump project
A project undertaken by Bangladesh Rural Electrification Board (BREB) to install 2,000 solar-powered irrigation pumps has been advancing at a snail’s pace.
28 July 2022, 02:45 AM
Project to build fire service stations in slow lane
On July 9 last year, a massive fire raged through a juice-making factory in Narayanganj, killing at least 52 people. And the whole nation witnessed how firefighters struggled to bring the blaze under control.
25 July 2022, 02:45 AM
Use of concrete blocks in public construction still low
The progress in using concrete blocks instead of bricks for all public development projects has been sluggish as government agencies have made little efforts in this regard due to lax monitoring by the relevant authorities, according to experts.
20 July 2022, 03:00 AM
Now toiletries dearer too: Prices steadily increase
Amid rising prices of food essentials and other basic necessities, the recent hike in prices of toiletries and other homecare products has added a new burden for people.
6 July 2022, 02:30 AM
Forex reserves took no hit from Padma Bridge
In 2012, when the government decided to construct the Padma Bridge using its own resources, many economists feared that Bangladesh’s foreign currency reserves would take a big hit.
26 June 2022, 02:00 AM
Furniture sales fall victim to inflation
Furniture makers are passing tough times even ahead of Eid-ul-Azha, which is usually a high sales period, as people are uninterested in buying luxury items in the face of rampant inflation in recent months, according to market players.
22 June 2022, 04:00 AM
Symptoms diagnosed, but no medication prescribed: CPD
The budget for the upcoming fiscal year has appeared to be insufficient in terms of needed measures, incomplete in terms of outlining strategies and inadequate in terms of addressing the present macroeconomic challenges, said the Centre for Policy Dialogue today.
10 June 2022, 09:07 AM
Budget doesn’t reflect reality
The proposed budget has not properly addressed the pressing issues – higher inflation and the US dollar crisis -- that are causing immense macroeconomic imbalances, said economists in their immediate reaction.
9 June 2022, 18:00 PM