Bangladesh Bank officials and employees will not be able to make any kind of foreign trips from now on except for some emergency purposes as part of the central bank’s efforts to prevent the foreign currency reserves from sliding further. 

The ICT Division and the World Bank will work jointly to build ICT infrastructure in Bangladesh to take the economic development to the next stage, said Junaid Kamal Ahmad, a vice president of the World Bank.

The 18th session which is also the budget session of the 11th parliament will begin on June 5.

Stocks continued to bleed today for the sixth consecutive day as the investors have been suffering from a lack of confidence because of the forex market volatility.

Shares on the Dhaka Stock Exchange (DSE) dropped for the fifth consecutive day yesterday after averting another big fall thanks to the support from some institutional investors in the last hour.

Ukraine and Russia, known as “the breadbasket of Europe”, are the major exporters of the world’s basic foods. Both countries export approximately one-quarter of wheat, more than three-quarters of sunflower oil and one-sixth of corn.

Small and light engineering industries in Saidpur have helped the railway town emerge as a hub for producing valuable machinery and spare parts consumed by various sectors, thus cutting dependence on imports, saving foreign currencies and generating jobs for thousands.

Although processed milk prices are rising at the retail level, farmers are yet to see any benefit as there is no sign of an increase on their end.

Shares on the Dhaka Stock Exchange (DSE) dropped for the fifth consecutive day yesterday after averting another big fall thanks to the support from some institutional investors in the last hour.

The National Board of Revenue (NBR) has been failing to achieve tax collection targets since the fiscal year of 2012-13 because of lofty goals set by the government and the absence of major reforms.

The government yesterday allocated more than one-fourth of the total development budget for the fiscal year of 2022-23 to 10 mega projects on the fast-track list with a view to accelerating their completion.

Major international clothing retailers and brands are increasing their reliance on the fabrics made in Bangladesh to produce apparel items, owing mainly to shorten lead time and cut the shipping costs that have gone through the roof.

Volatility in the country’s foreign exchange market yesterday intensified further amid scarcity of the greenbacks, forcing travellers to buy a US dollar at up to Tk 102, the highest in Bangladesh, in open markets.

Iftekharul Islam has been re-elected the vice-chairman of Uttara Bank.

Online food and grocery delivery platform foodpanda yesterday introduced a mascot as its brand ambassador.

Bangladesh has moved two notches up to rank 52nd among 141 nations in the Financial Secrecy Index 2022, meaning the country has become even more secretive in helping individuals to hide their finances from the rule of law, according to the Tax Justice Network (TJN).

A joint operation by the Enforcement and Inspection Team of Bangladesh Telecommunication Regulatory Commission (BTRC) and Rapid Action Battalion (RAB-4) confiscated the handsets from eight shops at Mirpur Shopping Complex.

Stocks at Dhaka bourse dropped for the fifth consecutive day today although the market was saved from a big fall in the last hour, thanks to the support from some big players.

Shares on the Dhaka Stock Exchange fell massively today as well, as worries over the economy’s health weigh on investors’ minds.

Over the years, Bangladesh has achieved considerable economic progress despite many odds. The economy, however, has now reached a point where continued progress will require course corrections, as alluded by the title of this write up, which is also the subtitle of a bestselling business book.