Private coal power plants to avail tax exemption till 2039

Although the country saw a huge year-on-year rise in the amount of foreign loans pledged from abroad in the first two months of the current fiscal year, their disbursements have slightly dropped, showed government data.
6 October 2023, 01:45 AM

Disbursement of foreign loan falls 14%

Although the country saw a huge year-on-year rise in the amount of foreign loans pledged from abroad in the first two months of the current fiscal year, their disbursements have slightly dropped, showed government data.
6 October 2023, 01:26 AM

Jute prices continue to fall

Jute growers in Bangladesh are facing deepening woes as prices of the natural fibre have been in a downward slide amid a consistent decline in exports, according to industry insiders.
6 October 2023, 01:15 AM

How long can fixed-income groups cope with higher inflation?

The cost-of-living crisis has kept stressing out fixed and lower-middle-income groups in Bangladesh as inflation has persisted at elevated levels while their salaries and incomes have seen little upward adjustments.
6 October 2023, 01:00 AM

Panchagarh tea auction centre starts journey

The country’s third tea auction centre in Panchagarh witnessed its first day of activity as a daylong online auction was held at the Panchagarh Chamber of Commerce and Industries' auditorium on Wednesday.
5 October 2023, 20:26 PM

Who says I am exaggerating?

There is one thing that nobody can escape and that is problems, no matter how relative it may be. There was once this young man who thought he suffered from too many problems. So, he called out to God, asking for help.
5 October 2023, 17:26 PM

BGMEA seeks price hike from buyers again

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday again sought a price hike of garment items as the government is working to implement a minimum wage for four million garment workers from December this year.
5 October 2023, 14:23 PM

BB raises lending rate to 10.70% to tame inflation

A day after hiking the policy rate, the Bangladesh Bank today raised the lending rate to 10.70 percent in order to tame the skyrocketing inflation.
5 October 2023, 12:45 PM

New drug act to take pharma sector to greater heights

The new Drugs and Cosmetics Act 2023 will help the pharmaceuticals sector of Bangladesh get rid of adulterated and substandard medicines and climb to the next heights, manufacturers say. .The inclusion of rigorous punishment for offences will also be beneficial, they say. In the Drugs (Con
5 October 2023, 02:00 AM

BB raises policy rate at sharpest pace in a decade

Amid criticisms over the delay in squeezing money supply, the Bangladesh Bank yesterday made borrowing costlier as it raised the policy rate by 75 basis points to 7.25 percent to step up its fight against inflation..This is the sharpest pace of rate increase in at least a decade, said a ce
5 October 2023, 00:38 AM

EU GSP Plus depends on labour law reforms

European Parliament and European Commission, parts of European Union (EU), will see whether Bangladesh’s labour laws conform to international standards to provide preferential trade benefits under a proposed GSP Plus, said EU Ambassador to Bangladesh Charles Whiteley yesterday.
4 October 2023, 19:21 PM

'Reserve below $18b if BB liability considered'

Bangladesh’s foreign currency reserves would be less than $18 billion if the central bank's liabilities are considered, according to Zahid Hussain, a former lead economist of the World Bank's Dhaka office..The central bank is regularly publishing its gross foreign reserves in line with the
4 October 2023, 18:38 PM

Financial account deficit keeps widening

Bangladesh’s financial account deficit has kept widening as the flow of US dollars into the country is not picking up, in an indication that the pressure on the foreign exchange regime will persist in the upcoming days. .The financial account, a key component of a country’s balance of pay
4 October 2023, 18:38 PM

Forex crisis and the survival of SMEs

Over the past few years, the global economy and the international trade system have experienced a number of extensive shocks, which have had a critical impact on our SMEs. Despite speedy and remarkable support from the government for the SMEs at the time of the coronavirus pandemic, the invasion
4 October 2023, 18:38 PM

State banks' default loan surges

Default loans in the banking sector shot to a historic high at the end of June this year owing to rising non-performing loans (NPLs) at state-owned commercial banks, said Bangladesh Bank (BB) yesterday. The amount of NPLs at the state banks stood at Tk 74,450 crore, up 28.45 percent from
4 October 2023, 18:15 PM

Bangladesh’s net forex reserve below $18 billion: Zahid Hussain

Bangladesh’s net foreign currency reserves would be less than $18 billion if the central bank’s liabilities are considered, said Zahid Hussain, a former lead economist of the World Bank's Dhaka office, today.
4 October 2023, 10:40 AM

BB explains reasons behind failure to meet reserve target

Bangladesh Bank today explained to the International Monetary Fund (IMF) the reasons behind the failure to meet the target on foreign currency reserves, one of the six conditions set by the global lender for its $4.7 billion loan programme.
4 October 2023, 09:20 AM

Deshbandhu Polymer’s profit climbs 25%

Deshbandhu Polymer Limited posted a 25.5 percent year-on-year increase in profit in the last financial year.
4 October 2023, 01:57 AM

RMG green practices a self-motivated marketing strategy: CPD study

Sustainable and environment-friendly practices adopted by a section of Bangladesh’s garment and textile manufacturers are mainly a marketing strategy driven by self-motivation, according to a new study of the Centre for Policy Dialogue (CPD).
4 October 2023, 01:55 AM

14-18 year olds allowed to open MFS accounts

Bangladesh Bank yesterday allowed individuals aged between 14 and 18 to create MFS accounts with their parents’ approval in a move that could boost digital transactions.
4 October 2023, 01:47 AM