Pay hikes for govt staff may fuel inflation: governor
1 hour(s) ago
Economy
Six NBFIs finally set for liquidation, three get time to recover
1 hour(s) ago
Economy
Drug sales growth slip to single digits amid high costs, inflation
1 hour(s) ago
Economy
LDC graduation will expose economy to serious risks
1 hour(s) ago
Economy
US may cut tariffs on Bangladesh next week
1 hour(s) ago
Economy
App-based banking gains traction as customers go digital
1 hour(s) ago
Economy
Spinners stick to Feb 1 shutdown over yarn imports
1 hour(s) ago
Economy
How to raise revenue without hurting growth
1 hour(s) ago
Economy
Hybrid cars top choice in Europe
1 hour(s) ago
Economy
Chinese firm to invest $16.34m at Bepza EZ
1 hour(s) ago
Economy
Govt likely to announce tax rates in advance
In the coming year, the NBR may announce tax rates that will not only be applicable for the outgoing income year 2023-24 but also for the next income year 2024-25.
23 May 2024, 00:49 AM
Banks sell dollar at more than Tk 118 as pressure mounts
The chief executives of at least three private commercial banks told The Daily Star that the BB had verbally allowed them to quote Tk 1 more than the exchange rate to collect US dollars amid the ongoing forex crunch.
23 May 2024, 00:49 AM
Consumption stays low for two straight years as inflation bites
According to a provisional estimate of the Bangladesh Bureau of Statistics (BBS), consumption of goods and services grew 3.53 percent in 2023-24, up from 2.52 percent in the last fiscal year.
23 May 2024, 00:49 AM
Fixed expenses to eat up 40pc of next budget
The government has to spend about 40 percent of the next budget on subsidies, interest payments, and salaries and allowances of government employees, which will limit its ability to spend on social safety net, health and education.
21 May 2024, 18:00 PM
GDP expands at faster pace in FY24
Bangladesh’s economy has grown at a faster pace, albeit marginally, in the current fiscal year than the previous one although the production of industrial goods and agricultural commodities recorded reduced growth.
20 May 2024, 18:00 PM
BB lost ability to make decisions for economy: Fahmida Khatun
Bangladesh Bank (BB) lost its ability, to make independent decisions for the banking sector, and it is now operating to implement decisions of outsiders, which is unable to resolve the crisis of the banking sector
18 May 2024, 18:52 PM
No let-up in reserves slide
Bangladesh’s foreign exchange reserves have been falling since September 2021 despite a series of government initiatives to reverse the trend.
16 May 2024, 18:00 PM
Yield on treasury bills climbs to a record 12% as govt borrowing intensifies
Currently, the government is borrowing heavily from commercial banks using the tool as the central bank has suspended injecting fresh money into the economy to avoid fuelling inflation, which has stayed above 9 percent for the past 20 months.
15 May 2024, 01:52 AM
Bar non-compliant banks from giving new loans
Citing BB data, he said there were 16 banks where the NPL ratio exceeded 10 percent and 9 banks where the NPL ratio exceeded 20 percent as of June 2023.
15 May 2024, 01:52 AM
Entrepreneurs spend 6 times more than official fees to obtain licences
At least 20 licences are required to establish a garment factory in Bangladesh, which eats away at time and money, said Khondaker Golam Moazzem, research director of the Centre for Policy Dialogue (CPD).
15 May 2024, 01:52 AM
Pressure mounts as currency outflow intensifies
The deficit in the financial account stood at $9.25 billion in July-March of the current fiscal year, Bangladesh Bank data showed. It was $2.92 billion in the first nine months of the previous fiscal year and $8.46 billion in July-February of 2023-24.
14 May 2024, 00:59 AM
Handset production sees a slight rise amid bleak outlook
Handset production rose 5.30 percent year-on-year in the first quarter of this year to 60.74 lakh, according to the Bangladesh Telecommunication Regulatory Commission (BTRC).
14 May 2024, 00:59 AM
Credit card use up 17% in March
Bangladesh Bank data showed that transactions through credit cards increased to Tk 3,490 crore in March. Of the amount, Tk 2,985 crore was spent within the country while the remaining was spent abroad.
14 May 2024, 00:59 AM
April food prices cross 10%, highest in five months
According to the Bangladesh Bureau of Statistics (BBS), food inflation jumped 35 basis points to 10.22 percent last month from 9.87 percent in March. This was the first time in five months that food inflation hit double digits.
14 May 2024, 00:05 AM
Interest, exchange rates to become stable: BAB
The economy will run at its own pace and the foreign exchange rate and interest rate will hover at a certain range following the kerb market, said Nazrul Islam Mazumder, chairman of the Bangladesh Association of Banks.
14 May 2024, 00:02 AM
NBR may take host of measures to boost collection
The measures include keeping the tax-exempt income threshold unchanged at Tk 3.5 lakh, a move that is expected to increase revenue receipts and bring more people under the tax net.
13 May 2024, 00:47 AM
Over 70% public projects not completed on time
As per the World Bank’s report on corruption in South Asian countries, almost 71 percent of the firms in Bangladesh are expected to give gifts to get an import licence, 42.5 percent to get a construction permit and 42 percent to get government contracts.
13 May 2024, 00:47 AM
Banks go slow in raising interest rates even after BB cedes control
The interest rates on consumer loans, forced loans and overdue loans are likely to go up rapidly in the upcoming months, however.
13 May 2024, 00:47 AM
Use alternative dispute resolution to reduce NPLs
Common ADR processes include mediation, arbitration, and neutral evaluation. These processes are generally confidential, less formal, and less stressful than traditional court proceedings.
13 May 2024, 00:47 AM
Uncertain bets: bad stocks rule the roost
Investors who owned the issues of good companies that provided at least 50 percent dividend in their last financial year incurred losses in the first four months of 2024. On the other hand, people who bet on low-performing companies, which declared less than 15 percent dividends, saw their portfolio inflate.
13 May 2024, 00:47 AM