Economy
China committed to deeper ties in trade, project finance with Bangladesh: Ambassador Yao Wen
Chinese Ambassador to Bangladesh Yao Wen said he expects more cooperation in projects, trade and finance with Bangladesh.
Economic ills demand urgent action
Analysts urged governments to take measures to restore macroeconomic stability
Food makers’ sales growth halves amid higher inflation
Inflation is the leading cause of the slow growth of leading food makers
'Floor price for stocks should not be reintroduced'
Floor price should not be reintroduced as its unfriendly to both investors and market, said Saiful Islam, president of DBA
Can monetary policy help?
Post-pandemic, Bangladesh recovered reasonably quickly and was seeing encouraging signs that the economy was well poised to return to the pre-Covid growth path. However, a combination of global inflationary pressure and supply disruptions owing to the Russia-Ukraine War, a rising US dollar, increasing international inflation rates, and the emergence of recessionary fears in advanced economies coupled with a few not-so-thoughtful domestic policy measures created a hostile economic environment for us.
IMF’s $4.7B Loan: Only one condition missed for third tranche
Bangladesh has met all but one quantitative target set for December 2023 by the International Monetary Fund to qualify for the third instalment of the $4.7 billion loan.
Maddhapara Granite posts drop in profit for declining sales
Even with record high production, profit of MGMCL dropped as half of the rock remained unsold
No need to panic about ongoing economic crises: DCCI
The inflationary pressure is not exclusive to Bangladesh as it has affected countries worldwide
Bank MDs prefer moving to Canada’s Begum Para after retirement
Immediate past state minister for planning Shamsul Alam says
Textile millers urge workers to refrain from vandalism
BTMA asks workers to refrain from vandalism as new wage structure is set to arrive within two weeks
Global tourism to reach pre-pandemic levels in 2024: UN
International tourism levels will be slightly higher than its pre-pandemic levels in 2024 boosted by an expected resurgence in Asia, the UN's World Tourism Organization (UNWTO) said Friday
Garment export to EU falls
Garment export to EU falls 1.24% year-on-year to $11.36 billion in Jul-Dec period
Listed apparel exporters' profit drops 50% despite strong dollar
Even with taka's devaluation, profits of listed export-oriented garment makers declined heavily for higher costs
Regulator lifts floor price curbs on most stocks after 18 months
After 18 months, BSEC yesterday withdrew the floor price for most stocks, to bring back vibrancy to the market
Car sales screech to 10-year low as prices accelerate
US dollar crisis and economic vulnerability has caused passenger car sales to plummet to a 10-year low
World Bank, ADB promise more support but call for reforms
Both the World Bank and Asian Development Bank (ADB) have assured they will continue supporting Bangladesh’s growth but stressed the need for economic reforms that are crucial for the country to become a developed nation.
BTCL, Teletalk asked to clear dues of Tk 3,000cr
BTRC demanded payments from Teletalk and BTCL to clear dues of Tk 3,000 crore, a staggering amount
Banks asked to open revenue account against projects
The central bank yesterday instructed banks to ensure the opening of revenue accounts under the name of the projects they fund in order to ensure smooth repayment of loans and their proper monitoring.
