Bangladesh has continued to witness a decline in the inflow of foreign loans as it has yet to accelerate the implementation of development projects.

The government may stop yarn imports through land ports in consideration of the greater interests of the local textile and spinning sector, Commerce Secretary Mahbubur Rahman said yesterday.

Bangladesh is witnessing a concerning rise in poverty, leading to worsening food insecurity, according to a recent study by the Bangladesh Institute of Development Studies (BIDS).

Analysts are turning more cautious on US corporate earnings for the first quarter of this year, with the Trump administration’s policies threatening to trigger a global trade war that could undermine economic growth.

The golden rule of crony capitalism, in which profits are private but losses are social, has led to blatant injustice, as is generally recognised. The extra-market connections of crony capitalists facilitated transactional benefits while leading to entrenched market power, distorted competition, and depressed productivity growth, all contributing to growing inequalities. Yet, attempts to change the crony business model are facing their own dilemmas.

At least 52 garment factories, both small and large, have closed in the past six months in Chattogram thanks to a 25 percent drop in work orders amid political instability, according to Industrial Police sources.

The government will increase the number of beneficiaries of various social safety net schemes by at least 10 lakh from fiscal year (FY) 2025-2026, but allowances will see a small increase, although poor groups have been facing stubbornly high inflation for years.

China has been the single largest trading partner for Bangladesh for many years, but imports from the country have far outweighed exports

The finance adviser said the Finance Division already determined the allocations for various ministries and divisions in the upcoming budget.

TIB said it earlier expressed concern after it came to know that Public Audit Bill 2024 was in the process of being finalised in a non-transparent manner. It later got the draft of the bill and gave its feedback.

He pointed out that while some economic indicators suggest resilience, persistent governance failures, particularly in the banking sector, remain a major concern.

The factory, which employed around 1,200 workers, is owned by former Awami League lawmaker Sifuzzaman Shikhor

The golden rule of crony capitalism, in which profits are private but losses are social, has led to blatant injustice, as is generally recognised.

Nearly 10 lakh out of 15 lakh e-return filers have submitted zero returns, he says at ERF event

The possible price of the 20-decimal Cumilla land will be Tk 1.9 crore

Bangladesh Submarine Cables has decided to reduce bandwidth prices by 10 percent, which is likely to reduce internet bills at users' end.

Of the 35 NBFIs in the country, a dozen are currently struggling to repay depositors due to an acute liquidity crisis

There is no denying the fact that Bangladesh’s economy has grown at a steady and relatively fast pace since the early 1990s.

Gold fell 1 percent on Friday due to a stronger dollar and profit-taking, although lingering geopolitical and economic uncertainties, and US Federal Reserve rate cut prospects kept bullion on track for a third consecutive weekly rise.

With Eid-ul-Fitr just a week away, weavers in Pabna and Sirajganj, the country’s major handloom cloth-producing regions, are frustrated by soaring production costs and poor sales.