Although Bangladesh may not go into recession, the country is significantly prone to many of the recessionary risks if appropriate steps are not taken to diversify the export product and
The income from abroad is contributing a lot to economy of the country. The importance of remittance has increased further at a time when the country is facing dollar crisis.
A World Bank loan to improve weather forecasting and information has been cut by Tk 2.48 billion after some key components were proposed to be dropped. Bangladesh Meteorological Department (BMD),
Twenty industrial units under six categories will receive ‘President’s Industrial Development Award-2020’ tomorrow for their outstanding contribution to the national economy. On the occasion of the award giving ceremony, President
The country’s banking sector passed the year 2022 amid various crises and controversies as the Bangladesh Bank’s apathy about the continued irregularities, the loss of confidence among depositors and the
The Bangladesh Bank has created an export facilitation fund of Taka 10,000 crore to support export-oriented firms. Under the fund, an exporter will be allowed to take a loan of
Remittance inflow increased slightly in the first half (July-December) of the current financial year 2022-2023 compared with that in the same period of FY 2021-22 amid various initiatives taken by
Despite global supply chain disruptions, Bangladesh’s capital market has remained resilient with prudent policies to shift focus to new investment from secondary markets. Market analysts and regulators have had mixed
Bangladesh’s exports to India increased 8 percent year-on-year to nearly $1 billion in the first five months of the current fiscal year, supported by a big jump in apparel shipment.
Economists and bankers say the country’s economy is starting to recover with a fall in Letter of Credit (LC) openings and modest increases in foreign currency reserves after tightening the