Dhaka June 30, 2025, 4:15 am
Country's foreign exchange reserves have been falling for more than a year due to higher import payments and lower than expected export earnings and remittance inflows
Despite taking various steps, the country is not getting the expected remittances through legal channels and banks
After a meeting with a mission of the lender, the Central Bank Executive Director and Spokesperson Mezbaul Haque confirmed the matter
Bangladesh has committed to keep the reserves at $18.4 billion at the end of December this year, and at $20 billion at the end of June next year
Among the total deposits in the banking sector, the amount of demand deposits decreased by Tk 13,341 crore to Tk 1,86,632 crore in July-August of FY24, compared to the previous FY
State Minister for Power, Energy and Mineral Resources Nasrul Hamid said that the plan has already been finalized based on the indexing formula used by the global oil companies
Maria Fernanda Garza, chair of the International Chamber of Commerce (ICC) made the remarks at the ICC Bangladesh Reception held at the Hotel Westin in Dhaka on 16 October. Garza’s visit to Bangladesh revolved around discussi
NBR will receive income tax returns from November 1 to 30 in a grand and festive atmosphere at tax zone areas
Will boost connectivity, industrialisation, tourism
Although there was increase in the export earnings from RMG during this period, but the number of orders has dropped side by side the production cost coupled with the utility bills have increased
The IMF director said this while speaking at a press conference on 'Economic Outlook for Asia Pacific' as part of the Annual Meetings of the World Bank Group and IMF
rising inflation has inflicted economic hardship on many, but it has also created opportunities for some
Bangladesh and like other poor countries already in their trap because of their debt driven policy support in addressing climate change
The dollar crisis has put a range of macroeconomic indicators in a bad state and affected various sectors
Now Non Bank Financial Institutions (NBFI) can charge additional .5% interest from customers compared to earlier
El Nino, a climate pattern that occurs on average every two to seven years, is typically associated with warming ocean surface temperatures in the central and eastern tropical Pacific Ocean
The country’s economy is now going through various difficulties including the dollar crisis which needs to be solved by good management
Currently, the minimum wage for garment workers set by the wage board on December 1, 2018, stands at Tk8,000
Sharifa Khan, Secretary, Economic Relations Division, and Edimon Ginting, ADB Country Director for Bangladesh signed the agreement on behalf of Bangladesh and ADB, respectively.
The BBS data showed that the food inflation declined to 12.37 percent in September 2023 down from 12.54 percent in August
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