A step forward for Ctg metro rail
The plan to construct metro rail in Chattogram has taken a step forward, as the government is set to approve a project to carry out preliminary feasibility study for the infrastructure.
21 November 2022, 18:00 PM
Investors flocking to private economic zones
Twelve private economic zones in Bangladesh have received good responses from investors drawing investment proposals involving $4.27 billion from local and foreign entrepreneurs in the past six years.
21 November 2022, 02:10 AM
Nursery sales see massive drop
Nurseries across Bangladesh saw a massive drop in sales in the last four months due to the rising cost of living along with higher production costs and low rainfall.
11 November 2022, 02:50 AM
Govt to shell out Tk 1,914cr to set up 5 jetties
The government is going to undertake a major project to set up five jetties and necessary infrastructure in the economic zones in the country’s south-eastern part to ensure the comfortable and safe movement of people and landing facilities and boost tourism.
8 November 2022, 02:20 AM
Cost, time overruns persist as projects seek revisions
One project is seeking higher allocation, one deadline extension and three are requesting both as the government is set to place seven projects at a meeting of the Executive Committee of the National Economic Council (Ecnec) tomorrow for approval.
7 November 2022, 02:20 AM
Factory output growth slows
Growth of Bangladesh’s factory output had slowed down last fiscal year of 2021-22, which analysts forecast was likely to prevail in the current fiscal year and could even be exacerbated by soaring prices, the global economic slowdown and ongoing gas and electricity crisis.
24 October 2022, 02:30 AM
Shrimp exports shrivel in Q1
Shrimp exports from Bangladesh fell in the first quarter of the current fiscal year due to weak demand in the EU and the US markets, which have been gripped by the fears of a coming recession amid the ongoing Russia-Ukraine war.
19 October 2022, 02:50 AM
Development spending surges in September
Development spending in Bangladesh rose 36 per cent year-on-year in September despite the government’s efforts to cut expenditures in a bid to save US dollars.
13 October 2022, 03:00 AM
Inflation rings alarm bells
People in rural areas were hit harder by food and non-food inflation than those in urban areas over the last two months, with the overall inflation surging to a 10-year high of 9.52 percent in August.
12 October 2022, 02:00 AM
Manpower export to Middle East surges
The number of Bangladeshi workers who headed to the Middle East countries in search of jobs surged 177 per cent year-on-year in the first eight months of 2022, official figures showed.
2 October 2022, 02:10 AM
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