Digital currency: Is it the future of money?

CBDCs are a form of digital currency regulated by a country's central bank. They are similar to cryptocurrencies, but their value is fixed by the central bank.
1 April 2024, 00:58 AM

BB cuts margin for banks as interest rate soars

The decision comes as the SMART crossed the double-digit mark and stood at 10.55 percent at the end of March, reflecting the tighter liquidity situation in the financial sector of Bangladesh.
1 April 2024, 00:58 AM

More CEOs expect economic improvement this year

About 36 percent of the CEOs are expecting the economic growth rate to improve, compared to 31 percent in a similar survey conducted last year.
1 April 2024, 00:04 AM

Preparation underway for bank reform commission

He, however, could not say immediately when exactly the commissions will be constituted.
1 April 2024, 00:03 AM

Demographic dividend: How long can Bangladesh enjoy it?

The proportion of working-age people declined to 65.08 percent in 2023 from 66.58 percent in 2021, according to a survey of the Bangladesh Bureau of Statistics (BBS). A year before, the proportion was 65.67 percent.
31 March 2024, 00:24 AM

'Draft law ignored broadband internet'

The newly drafted telecom law and broadband policy ignored the broadband internet sector, said the top leader of the last mile cable operators, demanding more attention to the sector which caters to six crore customers.
31 March 2024, 00:24 AM

Deeper ties among Bangladesh, India and Japan to boost trade

Bangladesh needs to connect with neighbouring countries for sustainability, which could be achieved through tripartite cooperation, the analyst also said.
31 March 2024, 00:24 AM

Solar power that once lit up rural homes is dimming

In 2021, some 2.25 percent of the population used SHSs. The number declined to 1.81 percent in 2023, according to a recent survey report of the Bangladesh Bureau of Statistics (BBS).
31 March 2024, 00:24 AM

FTA with China may cost Bangladesh Tk 15,000cr a year: study

Currently, China is Bangladesh’s single largest trading partner, with the bilateral trade amounting to $24 billion.
29 March 2024, 00:54 AM

Stocks bounce back, but turnover drops to 3-month low

The key index of Dhaka Stock Exchange (DSE) bounced back yesterday after suffering a major decline on the preceding day.
29 March 2024, 00:54 AM

Dollar crunch dampens multinationals’ mood for eye-popping dividends

Last year, MNCs paid Tk 5,060 crore as dividends, representing 72 percent of the total earnings while in 2022, they gave out Tk 6,346 crore in dividends, which accounted for 95 percent of the profits.
29 March 2024, 00:54 AM

Bad loans a big threat to financial sector

At the end of December 2023, Bangladesh’s banking sector had Tk 145,600 crore as NPLs -- 9 percent of the total outstanding loans.
29 March 2024, 00:54 AM

High bad loans a 'big threat' to financial sector: BB

The central bank said in quarterly review on money and exchange rate
28 March 2024, 14:30 PM

Removal of tax exemptions to boost revenue by Tk 30,000cr

The government can generate additional revenue of Tk 30,000 crore in the next fiscal year of 2024-25 if it reduces existing tax exemptions for various sectors, according to a noted economist.
28 March 2024, 00:08 AM

Stocks sink to lowest level in 3 years as investors sell and go away

Bangladesh’s stock market has been going through a bear run for the last two months despite petering out of election-linked uncertainty, signaling that the worries about the macroeconomic challenges are far from over.
28 March 2024, 00:08 AM

Govt extends power purchase contracts with Summit

The government has extended its contracts with Summit Group’s three gas-based power plants for the purchase of electricity in the next five years.
28 March 2024, 00:08 AM

ILO calls for fast-tracking labour law reforms

Speaking about Bangladesh, the ILO said its governing body took note of the report on the progress made with the implementation of the roadmap of actions and was mindful of its 2021-26 timeline for the labour sector reform as well as of the results yet to be achieved.
27 March 2024, 00:49 AM

Fruit imports surge as Ramadan pushes up demand

Traders opened LCs worth $247.26 million in July-January of the current fiscal year of 2023-24, up 25.81 percent year-on-year, central bank data showed.
27 March 2024, 00:49 AM

One panjabi for two occasions

The rising price level in Bangladesh has left the middle and low-income segments in a severe cost of living crunch, with inflation hovering above 9 percent since March last year.
27 March 2024, 00:49 AM

Now conventional banks can avail BB’s Islamic liquidity support

Previously only Shariah-based banks were allowed to avail the IBLF against Bangladesh Government Investment Sukuk (BGIS) bonds as securities.
26 March 2024, 00:52 AM