Debt payment burden to intensify further

A spike in the already-increasing debt servicing burden is imminent as the country’s debt to gross domestic product (GDP) ratio remains far from growth-reducing thresholds, according to the white paper on the state of the economy.
1 December 2024, 18:00 PM

Power and energy: A system designed for corruption

No less than $3 billion changed hands as kickbacks in awarding power plant projects during Sheikh Hasina’s autocratic rule, according to a white paper on the state of the economy.
1 December 2024, 18:00 PM

GDP growth overstated since 1995

Bangladesh’s economic growth has been overstated since 1995 and the practice of making inflated estimates rose after the fiscal year 2012-13, according to the findings of the white paper panel..It said Bangladesh was seen as one of the fastest-growing economies but its growth became a “par
1 December 2024, 15:49 PM

10 banks are ‘technically bankrupt’: white paper

However, the final draft of the white paper on the state of economy did not disclose the names of the lenders
1 December 2024, 15:09 PM

Remittance rises 14% in November

However, November’s inflow of $2.2 billion was 8.16% lower than the previous month
1 December 2024, 12:53 PM

Businesses will now get up to three years for payment: BB

Earlier, industries could import capital machinery under a 360-day usance term
1 December 2024, 11:09 AM

SS Steel's Q1 profit surges 50% 

The steel manufacturer posts higher cash collections as well 
1 December 2024, 09:29 AM

Stocks begin week with a fall

DSEX lost 15.8 points as of 11:12 am 
1 December 2024, 05:34 AM

Cut import taxes on sunflower, canola oil: Tariff Commission

The Bangladesh Trade and Tariff Commission (BTTC) has recommended that the government reduce import taxes on sunflower oil and canola or rapeseed oil to offer a greater range of cooking oils in the markets..At present, crude sunflower oil importers are required to pay a total of 31 percent
30 November 2024, 18:02 PM

Unlocking fiscal constraints for climate action

Climate change has emerged as a significant risk to sovereign debt sustainability, impacting fiscal stability and growth prospects.
30 November 2024, 18:00 PM

Businesses voice concerns over law and order

Businesspeople have voiced concerns about the state of law and order in industrial areas, saying it has not improved to the level they anticipated despite the interim government being in office for three and a half months.
30 November 2024, 18:00 PM

People continue to abandon life insurance policies amid economic hardship

Life insurers in Bangladesh saw some 3.47 lakh policies discontinued in the January-September period this year amid worsening financial health of clients, political changeover and repeated flooding devastating lives and livelihoods in vast areas of the country.
30 November 2024, 18:00 PM

PDB to give up role as sole buyer of electricity from private producers

The Bangladesh Power Development Board (PDB) will no longer be the sole buyer of electricity produced by independent power producers (IPPs), said Fouzul Kabir Khan, adviser to the Ministry of Power, Energy and Mineral Resources.
30 November 2024, 18:00 PM

Bangladesh on track for next IMF loans

Bangladesh is on track to meet all 12 conditions set by the International Monetary Fund (IMF) to qualify for the fourth tranche of a $4.7 billion loan programme, only missing the revenue collection target.
30 November 2024, 18:00 PM

Businesses voice concern over state of law and order

Power crises are also making things extremely difficult, they say at DCCI conference
30 November 2024, 13:02 PM

Markets to open tomorrow with a lower benchmark index

The benchmark DSEX index of the Dhaka Stock Exchange (DSE) closed at 5,192, losing 5 points or 0.10 percent Thursday a week ago
30 November 2024, 07:03 AM

The scourge of brain drain

The increasing exodus of educated professionals from Bangladesh reveals a complex web of barriers facing the nation’s brightest minds. 
29 November 2024, 18:00 PM

Germany to provide €180m for cooperation projects

Germany will provide around €180.81 million (approximately Tk 2,265 crore) for bilateral development cooperation projects in Bangladesh that focus on a number of mutually agreed core areas..Of the total support, €45.8 million will be in the form of technical cooperation and the rest in the
28 November 2024, 18:30 PM

Stocks fall after two-day gains

Major indices of the stock market in Bangladesh fell yesterday on gaining for two days as investors opted for caution in their trades amidst political and economic uncertainties..The last few days were downbeat for investors and the market centring Bangladesh’s foreign credit rating being
28 November 2024, 18:01 PM

Mexico says Trump plans may cost 400,000 US jobs

Mexico said Wednesday the United States will be shooting itself in the foot if President-elect Donald Trump implements his threats to impose 25-percent tariffs on Mexican imports.
28 November 2024, 18:00 PM