The Dhaka Power System Expansion and Strengthening Project will construct eight substations

Exports decreased by 1.06% to $5.3 billion

Migrant workers sent $1.99 billion in December

The textile and garment sector witnessed a very dry investment season in 2023 as demand for clothing items fell globally

Bangladesh might have bid adieu to 2023 but it could not leave behind the old problems that held it back throughout the turbulent year

The Chattogram port has experienced a 2.92 percent year-on-year drop in the number of containers handled in the just concluded year

Bangladesh has failed to meet IMF’s target on keeping $17.78 billion as the minimum net international reserve as of December 31 last year

The government saw a budget surplus of Tk 11,865 crore in the first quarter of the current FY due to lower spending

The Insurance Development and Regulatory Authority (IDRA) has appointed an external auditor for Sonali Life Insurance, a listed insurance company in Bangladesh.

Family expenses are increasing day by day but the earnings from the job have increased once a year and it’s becoming more difficult to maintain the monthly expenses.

Credit growth to the private sector slowed to 9.9 percent in November as appetite for loans from businesses waned amid rising interest rate, sustained high inflation, and banks’ focus on attracting more deposits during the final months of the year, according to bankers.

The Daily Star spoke to top entrepreneurs and executives to know about their 2024 business navigating plans

Bangladesh is more dependent on imported fuel because of its limited primary energy. Hence, policymakers need to work towards ensuring energy efficiency, said the chief of Bangladesh Independent Power Producers’ Association (BIPPA).

As dawn broke yesterday, Asia Begum prepared again for her daily battle to buy essential goods at subsidised prices in order to save a few bucks and bear other family expenses.

Like the outgoing year, 2024 could be a challenging year but it will also offer immense opportunities to Bangladesh’s corporate sector to post growth, said eminent industrialist M Anis Ud Dowla.

Bangladesh’s economy might see a boom in the coming years if mega projects such as the Bay Terminal of Chattogram Port, the Matarbari Deep Sea Port and the Dhaka-Chattogram Elevated Expressway are completed on time, said BSRM Chairman Alihussain Akberali.

The global economy seems to remain fragile in 2024 though inflationary pressure might come down despite the continuation of the wars in Europe and the Middle East, said Kanti Kumar Saha, chief executive officer of Alliance Finance PLC.

Businesses in Bangladesh will likely start recovering from the ongoing economic downturn after March 2024 if the inflationary pressure and US dollar crisis in the country are resolved.

The government should take steps to bring back the $12 billion in export earnings that went missing from the overall export proceeds of fiscal 2022-23, according to a noted economist.

The central bank has extended a total of Tk 22,000 crore in emergency funds to seven beleaguered banks including five Islamic banks to dress up their balance sheet ahead of the year’s end.