Handset production drops for first time amid currency surprises

Higher US dollar rate, increase in taxes and lower sales have caused a decline in local handset production in 2023
15 January 2024, 00:30 AM

Govt hikes interest rate on dollar bonds

The government has increased the interest rates of two US dollar-denominated bonds by up to two percentage points
15 January 2024, 00:28 AM

Inflation eases but stays above 9%

Inflation eased in December but remained at more than 9 percent for the 10th straight month
15 January 2024, 00:15 AM

Investment rises as Bangladesh conquers the world of denim

Being the top supplier of denim in both the EU and US, local investors are continuing to pour funds to capitalize growth
14 January 2024, 00:45 AM

BB to adopt crawling peg. Can it end exchange rate volatility?

BB's adoption of crawling peg as per IMF prescription will possibly rule out a market-driven exchange rate, as suggested
14 January 2024, 00:30 AM

What is a crawling peg?

Its a system of exchange rate adjustments in which a currency with a fixed exchange rate is allowed to fluctuate within a band of rates.
14 January 2024, 00:15 AM

'Gas, dollar crises halt business expansion'

Demand for credit has not increased as businesses have had to suspend their investment and expansion drives for the natural gas and dollar crises.
14 January 2024, 00:00 AM

Motorcycle sales dropped to five-year low in 2023

Global economic crises and inflation pressures are among reasons behind the decline of Motorcycle sales in Bangladesh
13 January 2024, 15:18 PM

NBR lifts advance tax on import of computer accessories

The National Board of Revenue (NBR) has lifted Advance Tax (AT) on import of parts and accessories for computers to be made locally, according to a notification.
13 January 2024, 14:58 PM

Import payments ease for eight essentials

The central bank has allowed imports of edible oil, chickpeas, pulse, peas, onion, spices, sugar, and dates on usance terms for up to 90 days under supplier’s or buyer’s credits.
12 January 2024, 01:17 AM

No time to waste as new finance minister inherits wobbly economy

The economy is losing momentum. Inflation remains stubborn. Bangladesh is facing deterioration in external buffers, with official reserves falling to $20.18 billion as of January 10, less than half their historic peak in 2021. The currency shock is lingering.
12 January 2024, 00:30 AM

Garment sector weathered global headwinds

Bangladesh’s garment sector has firmly weathered the storm of Covid-19 and emerged stronger in spite of the hardships, reaffirming its position as a leader in sustainable and responsible business.
12 January 2024, 00:17 AM

US comment won't affect Bangladesh’s external financing

External financing will not be affected for Bangladesh in spite of the US stating that the national election here was not free and fair, said global credit rating agency Fitch.
11 January 2024, 23:17 PM

Biman pays off loans for two more planes

In a major show of success, Biman Bangladesh Airlines has finally become the owner of two Boeing 777-300ER aircraft, having paid off the loan in regular instalments since 2011.
11 January 2024, 23:17 PM

Ahsanul new state minister for commerce

The newly formed government has appointed Ahsanul Islam Titu, elected from Tangail-6 (Nagarpur-Delduar) constituency in the recent 12th parliamentary election, as the state minister for commerce, according to a government gazette yesterday.
11 January 2024, 22:17 PM

RMG exports to US continue to decline

Apparel shipments from Bangladesh to the United States have continued its downward trend for the past several months due to slowdown in the sourcing of garment items by American retailers and brands because of higher inflationary pressure.
11 January 2024, 01:00 AM

Bangladesh to post sixth highest GDP growth in Asia in FY24

Bangladesh is poised to become one of the fastest growing economies in Asia, according to a WB report
11 January 2024, 00:45 AM

Making the economy breathe easier

The Bangladesh economy has entered 2024 with acute cost-of-living pressures, external payment imbalances, shortage of dollar liquidity, elevated illicit capital outflows, and vulnerable balance sheets in several, not all, bank and non-bank financial institutions.
11 January 2024, 00:15 AM

Olympic's annual biscuit sales cross Tk 2,500cr for the first time

Rising sales for packaged bakery and confectionary items helped Olympic Industries to cross Tk 2,500 crore in sale
11 January 2024, 00:00 AM

Reserves fall after $1.27b ACU payment

Bangladesh's foreign exchange reserves fell to $20.38 billion yesterday after the central bank settled import bills of two months through Asian Clearing Union (ACU), a top official said yesterday.
10 January 2024, 01:15 AM