Deft macroeconomic management over the past three decades has served Bangladesh well. Total export earnings, buoyed by a heady pace of growth in earnings from readymade garments, and foreign remittances, climbed to $ 81.4 billion in FY2022, rising from a mere $5.2 billion in FY1990.

The revenue collection growth decelerated to 12.63 per cent in Bangladesh in the first quarter of the current fiscal year, driven by the cost-of-living crisis at home and abroad, narrowing the fiscal space for the government, official figures showed.  

Information technology exports from Bangladesh crossed a major mark in the last fiscal year as local firms and freelancers earned more than half a billion US dollars for the first time from external sources. 

Advancements in the ICT sector have changed the world a lot, so innovation and skills development are now a must for the survival of startups in the small and medium enterprise (SME) sector, experts said yesterday. 

Three more local garment factories have achieved the green building certification from the United States of Green Building Council (USGBC).

Coordinated efforts are needed to fight runaway inflation and increase trade in the South Asian countries, experts said at the daylong SAFA International Conference 2022 yesterday.

Electronics entrepreneurs have vowed to turn Walton into a top global brand by 2030.

Pakistan’s new finance minister, Ishaq Dar, told Reuters on Friday that he will seek rescheduling of some $27 billion worth of non-Paris Club debt largely owed to China, but will not pursue haircuts as part of any restructuring.

Dhaka Bank Ltd has arranged a syndicated loan of Tk 900 crore for Bashundhara Oil and Gas Company Ltd (BOGCL) to help it set up a plant to refine crude petroleum products. 

Coordinated efforts are needed to cut inflation and increase trade in the south Asian countries, experts said at the daylong SAFA International Conference 2022 today.

Asia’s strong economic rebound early this year is losing momentum, with a weaker-than-expected second quarter. We have cut growth forecasts for Asia and the Pacific to 4 per cent this year and 4.3 per cent next year, which are well below the 5.5 per cent average over the last two decades. Despite this, Asia remains a relative bright spot in an increasingly dimming global economy.

The dollar is at its highest level since 2000, having appreciated 22 per cent against the yen, 13 per cent against the euro and 6 per cent against emerging market currencies since the start of this year. Such a sharp strengthening of the dollar in a matter of months has sizable macroeconomic implications for almost all countries, given the dominance of the dollar in international trade and finance.

The history of people from Bangladesh’s Sylhet division living in European countries, especially the United Kingdom, goes back around 350 years and the diaspora there has kept growing over the centuries.

The injection of the US dollar into the market by Bangladesh Bank has surpassed $4 billion so far in the current fiscal year, creating further pressure on the country’s foreign exchange reserves that are now depleting fast.

The country’s first commercial crocodile venture, The Reptiles Farm Ltd, is now making efforts to bounce back from the pandemic-induced business slowdown, riding on the exports of crocodiles and skins. 

Development of human resources and more investment are needed to thwart cyber-attacks that have skyrocketed in Bangladesh in recent years, experts said yesterday.

Bank Asia has launched the country’s first women’s ATM booth at Sonakanda in Keraniganj, Dhaka aiming to encourage females’ access to digital transactions and improving financial management.

The Unicef will support garment and knitwear manufacturing factories to provide breastfeeding spaces and breaks, childcare facilities, paid maternity leave, cash benefits, health care, employment protection and a safe work environment to working mothers and pregnant women.

Professional accountants can play an important role in solving the South Asian economic crisis caused by the Ukraine war, dollar shortage, global fuel oil price hike and commodity transportation disruptions, experts said yesterday.

Businesses of the country should be friendly towards the environment and need to ensure good governance to make Earth safer and promote wellbeing, said stock market analysts yesterday.