FDI inflow is shrinking. Here's why

In 2023, existing companies reinvested earnings of $2.20 billion out of total net FDI inflow of $3 billion. This means that 73.5 percent of FDI came from existing investors.
2 June 2024, 00:03 AM

RMG export prices fall up to 16% in last 8 months

International market prices declined mainly because of a fall in demand from end consumers suffering from high inflationary pressure due to the severe fallouts of Covid-19 and Russia-Ukraine war.
2 June 2024, 00:03 AM

AkijBashir set to enter glass market, invests Tk 2,200cr

Akij Glass Industries, a concern of the group, has invested around Tk 2,200 crore to set up a factory on over 125 acres of land in Madhabpur upazila of Habiganj, some 114 kilometres east of capital Dhaka.
2 June 2024, 00:03 AM

Narrowest budget deficit in a decade as govt to curb expenses

As the government wants to lower expenses, it is likely to contain the budget deficit to 4.6 percent of gross domestic product in the next fiscal year, a level seen a decade ago.
1 June 2024, 18:00 PM

Gas supply falls as Remal damages Summit FSRU

At present, the supply of liquefied natural gas has reduced to less than 700 million cubic feet a day (mmcfd) compared to the normal supply of around 1,100 mmcfd.
31 May 2024, 00:08 AM

Buyers shift to Delhi airport as higher expenses make Dhaka unattractive

The tariff at the largest airport in Bangladesh is so high that buyers stay competitive even when their goods travel a distance of nearly 1,900 kilometres in trucks from the country to Delhi via Benapole and Petrapole.
31 May 2024, 00:08 AM

Business environment worsens for sluggish reforms

Measured on a scale of 0-100, the index fell to 58.75 last year from 61.95 in 2022, according to the BBX 2023-24 launched yesterday by the Metropolitan Chamber of Commerce and Industry (MCCI) and the Policy Exchange Bangladesh (PEB). This is the third edition of the BBX.
31 May 2024, 00:08 AM

Meta to deal directly with advertisers in Bangladesh

The development has created panic among businesses as they apprehend difficulties in ensuring compliance with VAT and tax regulations when advertising directly with Meta.
31 May 2024, 00:08 AM

WB to give $500 million as budget support

After the IMF’s loan, the World Bank is now going to provide $500 million in budget support to Bangladesh, double from what it had initially planned, by the end of June, said finance ministry officials.
30 May 2024, 18:00 PM

Govt to take up two projects for Rohingyas

After more than seven years of discussion, the government is set to finally undertake two projects involving Tk 8,483 crore for the Rohingya and host communities.
28 May 2024, 18:00 PM

Fitch lowers Bangladesh rating as external buffers weaken

“BB” ratings indicate an elevated vulnerability to default risk, particularly in the event of adverse changes in business or economic conditions over time. It, however, means business or financial flexibility exists that supports the servicing of financial commitments.
28 May 2024, 00:45 AM

Bangladesh, Japan begin formal talks to sign trade deal

Three rounds of meetings of the joint study group were held last year to pave the way for last week’s formal launch of the negotiation.
28 May 2024, 00:45 AM

Tax receipts grow at healthy clip, still NBR likely to miss target

Although a large chunk of revenue is deposited in the state coffer towards the end of a fiscal year, there might be a big gap between the revised target and the actual collection.
27 May 2024, 04:26 AM

‘Bangladesh hardly utilising regional trade potential’

Bangladesh’s total exports in 2022 stood at nearly $60 billion, of which India and China accounted for only 4.5 percent, indicating poor trade flow to the regional economic giants, it added.
27 May 2024, 04:17 AM

NBR may cut source tax on essential food supplies

Officials said suppliers of essential food commodities such as rice, wheat, potato, onion, maize, edible oil, salt and sugar face a two percent source tax on the proceeds from the supply of the commodities.
27 May 2024, 04:17 AM

Foreign loan repayment surges 44% in Jul-Apr

In July-April of 2023-24, the government paid $2.81 billion as principal and interests, which was $1.95 billion in the same period of the previous year, according to the data released yesterday by the Economic Relations Division (ERD).
27 May 2024, 04:17 AM

Next budget to be slightly expansionary

However, the minister did not respond when journalists asked how the budget could be expansionary when it will increase by only four percent compared to the current budget.
27 May 2024, 04:17 AM

Forex position to stabilise in next few months: Moody's

It will be supported by the recent improvement of the current account balance to modest surpluses partly reflecting ongoing import restrictions, narrowing financial account deficits as business uncertainties gradually ease following the conclusion of the general elections in January, it said.
26 May 2024, 00:56 AM

Social safety net allocations inflated

Data by the finance ministry showed that the allocation for the pensions and interest payments account for 30 percent of the total social security programme fund of Tk 126,090 crore for the current fiscal year of 2023-24.
26 May 2024, 00:56 AM

Shanta begins to sell space at Dhaka Tower

Dhaka Tower will boast an exhibition space extending to a height of 130 feet. On the top level will be a fine-dining restaurant, adjacent to a publicly accessible two-tier observation deck providing sweeping views of the metropolis and Hatir Jheel.
26 May 2024, 00:56 AM