Pay hikes for govt staff may fuel inflation: governor
2 hour(s) ago
Economy
Six NBFIs finally set for liquidation, three get time to recover
2 hour(s) ago
Economy
Drug sales growth slip to single digits amid high costs, inflation
2 hour(s) ago
Economy
LDC graduation will expose economy to serious risks
2 hour(s) ago
Economy
US may cut tariffs on Bangladesh next week
2 hour(s) ago
Economy
App-based banking gains traction as customers go digital
2 hour(s) ago
Economy
Spinners stick to Feb 1 shutdown over yarn imports
2 hour(s) ago
Economy
How to raise revenue without hurting growth
2 hour(s) ago
Economy
Hybrid cars top choice in Europe
2 hour(s) ago
Economy
Chinese firm to invest $16.34m at Bepza EZ
2 hour(s) ago
Economy
State banks struggle while foreign lenders make hefty profit. Here’s why
Why is there such a huge discrepancy between multinational banks and state-run lenders despite operating in the same business environment? The reason is a lack of efficiency in making business decisions, business focus, and political bias.
12 May 2024, 00:30 AM
Private sector's short-term foreign debt drops
The debt stood at $11.04 billion in March, $11.07 billion in February and $11.25 billion in January, according to Bangladesh Bank.
12 May 2024, 00:30 AM
Saif Powertec not publishing financial reports for 18 months
As a result, general investors remained in the dark about the financial performance of the company during this period.
12 May 2024, 00:30 AM
No headway in curbing banks’ bad assets
The FID later backtracked following criticism from different quarters, including the International Monetary Fund (IMF), about the formation of a public corporation since state enterprises have usually underperformed in the country.
12 May 2024, 00:30 AM
'We must address the rising wealth, social gap'
The social and economic disparity continues to rise in the country and this has to be addressed before things get out of control, said noted economist Dr Hossain Zillur Rahman today
11 May 2024, 16:15 PM
Govt decision on power, gas connections to hurt investment
On March 21, the cabinet committee on economic affairs took the decision not to provide electricity and gas supply to new factories if they are set up in any other places except in government-designated economic zones or industrial enclaves.
10 May 2024, 00:14 AM
PM asks state-run firms to go public
She also directed the secretary to the finance ministry to analyse and identify which of the companies were eligible to get listed.
10 May 2024, 00:14 AM
Maiden PMI points to slower business expansion in April
The PMI is a number from 0 to 100, with a reading above 50 indicating expansion and a reading below 50 representing contraction.
10 May 2024, 00:14 AM
Dollar price rises up to Tk 125 in kerb market
Bankers said the exchange rate was already hovering at around Tk 117 unofficially, meaning the impact of easing the restrictions was yet to come about in the forex market.
10 May 2024, 00:14 AM
Rural food inflation hit 15% in Dec: study
The national food inflation rate in the same month stood at 9.58 percent, according to the Bangladesh Bureau of Statistics (BBS).
10 May 2024, 00:14 AM
Will BB steps build up reserves? Not so soon
Bangladesh Bank’s steps to boost the country’s foreign currency reserves will not yield any positive results overnight.
9 May 2024, 18:00 PM
Exporters cheer weaker taka
Owing to a chaotic and volatile exchange rate, local exporters were desperate for the introduction of a floating exchange rate so they could draw more money and be more competitive.
9 May 2024, 03:40 AM
Journey to be painful, but necessary
Mansur, a former economist at the International Monetary Fund, said interest rates would rise. This may slow the economy further, but it is necessary to overcome the challenges.
9 May 2024, 03:39 AM
Market-driven interest rate returns after four years
The central bank took the decision as people have been struggling with the high level of prices for around two years.
9 May 2024, 03:39 AM
HSBC’s 2023 profit nearly Tk 1,000cr
The profit amounted to Tk 999 crore, soaring 70 percent year-on-year. It was Tk 587 crore in 2022.
8 May 2024, 00:00 AM
Four state banks’ bad loans jump 27% as delinquencies rise
The combined bad loans of the banks surged 27 percent year-on-year to Tk 62,913 crore at the end of last year. Two years prior, total bad loans of the four state banks stood at just over Tk 38,200 crore, according to financial statements.
8 May 2024, 00:00 AM
New entity wants to enter saturated insurance market
At present, there are 36 life and 46 non-life insurance companies in Bangladesh, which stands in stark contrast to just 24 life insurance companies in India, 10 in Pakistan, and 16 in Sri Lanka.
8 May 2024, 00:00 AM
Beyond Dollar: Bangladesh to seek over 36b yuan in Chinese loans
Bangladesh is going to seek more than 36 billion yuan, equivalent to $5 billion, as soft loans from China to reduce pressure on its dollar reserves.
7 May 2024, 18:00 PM
Stock market not lucrative in long run
Despite being a risky instrument, the stock market was not lucrative enough like the banking sector
7 May 2024, 00:16 AM
Industries created more jobs amid slowdown. Economists find it puzzling
However, the findings raised questions among economists, who were puzzled by the growth at a time when the economy had been facing a slowdown due to high inflation, a downtrend in export growth, and falling imports.
7 May 2024, 00:16 AM