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Govt to split CAAB
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Economy
Deposits drop in accounts of farmers, vulnerable
Deposits in the special accounts of farmers, hardcore poor and in their social safety net accounts dropped in October amidst high inflationary pressure in Bangladesh.
26 December 2023, 00:30 AM
Gold price to hit new record
Gold prices are set to hit a new record as Bajus decides to sell each bhori (11.664g) at Tk 1,11,041 lakh from tomorrow
23 December 2023, 15:38 PM
Tk 92,000cr embezzled through loan scams since 2008: CPD
More than Tk 92,000 crore have been siphoned out of the banking sector through 24 major loan scams since 2008, according to the Centre for Policy Dialogue (CPD).
23 December 2023, 06:05 AM
Hundi at play in dipping remittance inflow: Bangladesh Bank
The remittance experienced a sharp decline—13.5 percent year-on-year—when it hit $4.91 billion in the July-September quarter of 2024, down from $5.67 billion in the same period previous year, according to the quarterly data of the central bank.
21 December 2023, 09:23 AM
Bangladesh’s remittance expected to reach $23 billion in 2023: World Bank
The remittance is growing at 7 percent, said the Migration and Development Brief of the Global Knowledge Partnership on Migration and Development (KNOMAD), which is part of the Washington-based lender.
19 December 2023, 08:14 AM
July-Nov ADP spending lowest in 8 years
Around 17.06 percent of the government’s annual development programme (ADP) for the current fiscal year of 2023-24wasimplemented in the first five months, the lowest in the past eight years.
18 December 2023, 18:30 PM
Forex reserves go past $20 billion mark after loans from IMF, ADB
Bangladesh's foreign currency reserves rose to $20.41 billion today after $1.09 billion in loans from two global lenders were added to the central bank’s account, said an official.
17 December 2023, 07:56 AM
IMF lowers forex reserves target for Bangladesh
The International Monetary Fund has set a new minimum foreign exchange reserves target for Bangladesh as the reserves have dropped at a faster-than-expected pace.
15 December 2023, 18:00 PM
Outlook negative in Bangladesh, Maldives among Asia-Pacific nations
Bangladesh and the Maldives are the two countries in the Asia-Pacific region where the rating outlook is negative, said Fitch Ratings in the Asia-Pacific Sovereigns Outlook 2024.
14 December 2023, 18:30 PM
Forex reserves slightly up
The reserves stood at $19.16 billion as of December 13.
14 December 2023, 12:28 PM
Reserves can hit $24.3b this fiscal year
Bangladesh’s gross foreign reserves can top up to $24.3 billion by the end of the fiscal year if greater exchange rate flexibility is allowed and a tighter monetary policy is pursued, the IMF said.
13 December 2023, 18:00 PM
IMF approves $681m in 2nd tranche of loan for Bangladesh
The IMF board yesterday approved the second instalment of $681 million for Bangladesh, putting to bed the uncertainty surrounding the tranche given that the country failed to meet two of the conditions needed for its release
12 December 2023, 18:48 PM
IMF approves $681m in 2nd tranche of loans
The IMF board yesterday approved the second instalment of $681 million for Bangladesh, putting to bed the uncertainty surrounding the loan tranche given that the country failed to meet two of the conditions needed for its release.
12 December 2023, 18:00 PM
Asia Pacific consumers likely to spend more on discretionary items in 2024: Mastercard
The Mastercard Economics Institute (MEI) today released the "Economic Outlook: Balancing Prices & Priorities" for the coming year, outlining the bright spots and watchouts that will define global growth.
12 December 2023, 07:54 AM
EPZ workers see 50% hike in minimum wage
The government has declared new minimum wage for over 4.8 lakh workers in export processing zones (EPZs), a development that comes nearly two weeks after it finalised a new pay structure for workers in the garments sector, the largest export-oriented industry in the country.
10 December 2023, 14:59 PM
Textile millers urge raising LC limit
Textile millers urged the Bangladesh Bank to raise the limit of letters of credit (LCs) so that they can bring more raw materials amid a huge depreciation of local currency against the US Dollar.
10 December 2023, 12:45 PM
Bangladesh and other LDCs face economic challenges amid complex geopolitics
Economist Wahiduddin Mahmud says at the BIDS conference
9 December 2023, 06:13 AM
Fighting Climate Change: Bangladesh to get $400m loan from ADB
Asian Development Bank has approved a $400 million loan for Bangladesh to help fight climate change challenges.
8 December 2023, 18:00 PM
Unpaid domestic, care work made up 15pc of GDP in 2021
Says BIDS study
8 December 2023, 16:18 PM
Corporate Sector: Profits eaten up by currency depreciation
The corporate sector’s profitability was severely impacted by the sudden currency depreciation, said Ahsan H Mansur, executive director of the Policy Research Institute.
7 December 2023, 18:00 PM