Pay hikes for govt staff may fuel inflation: governor
5 hour(s) ago
Economy
Six NBFIs finally set for liquidation, three get time to recover
5 hour(s) ago
Economy
Drug sales growth slip to single digits amid high costs, inflation
5 hour(s) ago
Economy
LDC graduation will expose economy to serious risks
5 hour(s) ago
Economy
US may cut tariffs on Bangladesh next week
5 hour(s) ago
Economy
App-based banking gains traction as customers go digital
5 hour(s) ago
Economy
Spinners stick to Feb 1 shutdown over yarn imports
5 hour(s) ago
Economy
How to raise revenue without hurting growth
5 hour(s) ago
Economy
Hybrid cars top choice in Europe
5 hour(s) ago
Economy
Chinese firm to invest $16.34m at Bepza EZ
5 hour(s) ago
Economy
Heatwave leaves day labourers in the lurch
Despite their willingness to brave the unprecedented temperatures, many day-labourers are still not finding jobs as most employers have put their projects on hold since they are not getting the optimal output from day labourers.
1 May 2024, 01:11 AM
Container handling rises in Ctg port
According to data provided by the Chittagong Port Authority (CPA), the port handled 23.38 lakh TEUs (twenty-foot equivalent units) of containers, including those laden with imports and exports and empty ones, from July last year to March this year.
1 May 2024, 00:22 AM
Govt formulates maiden logistics policy
The policy aims to ensure a reduction in delays and costs by achieving efficiency in overall logistics services, including production, storage, transportation, shipping and release, and distribution of products, within competitive cut-off times based on regional and international standards.
1 May 2024, 00:11 AM
Reforms can generate Tk 15 lakh crore additionally by 2035
In the study, the Policy Research Institute of Bangladesh (PRI) found that by 2035, the government would be able to raise 6.8 lakh crore at the current pace of collections. If reforms are carried out, it will go up to Tk 21.1 lakh crore.
1 May 2024, 00:11 AM
Exports may shrink up to 14% after LDC graduation
With over 70 percent of the country’s merchandise exports currently benefitting from LDC-specific trade preferences, the impact of Bangladesh’s impending LDC graduation on its export sector, particularly the dominant garments industry, is a significant concern.
1 May 2024, 00:11 AM
More exchange rate flexibility needed
Bangladesh’s macroeconomic performance has significantly improved since the country entered the IMF’s $4.7 billion loan programme in January last year, but the bleeding of foreign currency reserves continues, putting the taka under pressure, the global lender said yesterday.
30 April 2024, 18:00 PM
Reforms needed in economic governance, banking: ADB
Citing an ongoing discourse over whether governance or development should be given priority, Edimon Ginting, Bangladesh country director of the ADB, said he believes it is the latter that should come first.
30 April 2024, 00:57 AM
Will BSEC ever learn from its missteps?
Analysts say the regulator’s intervention is denting investors’ confidence and it comes at a time when they are still smarting from the wounds caused by the 18-month-long floor price, a period when most of the stocks were untradeable.
30 April 2024, 00:57 AM
ICT sector against scrapping of tax exemption facility
The government plans to abolish the tax benefits for various sectors to accelerate revenue collections in line with targets set by the IMF as part of its $4.7 billion loan.
30 April 2024, 00:57 AM
IMF asks about NPL classification, write-off policies
The IMF mission met with the deputy governors, policy advisor, executive directors and directors in different meetings at the central bank headquarters.
30 April 2024, 00:54 AM
Heatwave comes as a blessing for salt farmers
Cox's Bazar is the main hub of salt production in the country and officials estimate 38,000 metric tonnes of salt are being produced each day.
30 April 2024, 00:05 AM
IMF Loan: Govt may miss two key targets set for fourth tranche
The government is likely to ask the International Monetary Fund (IMF) to revise down two key targets related to Net International Reserves (NIR) and tax revenue collection, set for June this year for the release of the fourth tranche of its $4.7 billion loan, finance ministry officials said.
29 April 2024, 18:00 PM
Another market in Dhaka goes cashless
Khairul Islam, a vendor selling cosmetics, bags, toys and watches, told The Daily Star that he welcomed the initiative but added that it would take some time for customers to get used to it.
29 April 2024, 13:57 PM
IMF prescribes ending tax exemptions
It recommended the National Board of Revenue (NBR) discontinue the tax holiday for the information and communication technology industry and abolish the tax benefit for mining and petroleum extracting companies.
29 April 2024, 00:37 AM
Banks asked to find ways to raise forex inflow
The central bank directive came during a meeting between BB Governor Abdur Rouf Talukder and the managing directors of five leading private commercial banks on Sunday.
29 April 2024, 00:17 AM
Govt's bank borrowing rises sharply in July-April
From last July to April 22 this year, government loans from commercial banks amounted to Tk 65,432 crore, according to Bangladesh Bank. In the same 10 months or so of fiscal year 2022-23, it was only Tk 5,334 crore.
29 April 2024, 00:17 AM
Stocks rise after last week’s downturn
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), surged 97 points, or 1.76 percent, from that on the day before to reach 5,615.
29 April 2024, 00:17 AM
Efficient use of AC can reduce electricity bills: experts
However, although ACs provide a much-needed respite from the heat, the home appliance also draws a lot of power, leading to higher electricity bills and putting a further strain on people who are already suffering due to heightened inflation.
29 April 2024, 00:17 AM
A third of budget spent on interest payments, subsidies
The government spent Tk 246,583 crore in July-January of 2023-24 out of the total budget of Tk 761,785 crore for the entire fiscal year, figures from the finance ministry showed. The outlay under interest payments and subsidies was Tk 88,226 crore, which was 36 percent of the allocation.
28 April 2024, 01:24 AM
BTRC to formulate satellite internet guideline
In a recent internal meeting, Bangladesh Telecommunication Regulatory Commission (BTRC) approved the formulation of the committee comprising officials of its different divisions to prepare the guideline for internet services through non-geostationary satellite orbit (NGSO) satellites.
28 April 2024, 00:20 AM