Ahsan Habib

Accurate data is a crucial input for taking effective policies and putting the economy on the right track. If the data is not correct or time-befitting, policies might be proved wrong. Then, development successes will be only on paper and will not reflect reality..In Bangladesh, economists

The number of users of the Dhaka Stock Exchange’s (DSE) mobile app has more than halved in the past four financial years, apparently due to a protracted bearish trend in the market.

You can lie with data or illuminate the truth with data. And there’s something in between -- half-truths.

A pension scheme in which the employee and employer make equal contributions is welcome in this economy, but it has to apply to all, be they public university teachers, bureaucrats or other government employees, economists say.

For stock investors in Bangladesh, the just-concluded fiscal year was the worst in four years, with the benchmark index of Dhaka Stock Exchange losing over 1,000 points.

Islami Bank Bangladesh PLC has become the largest lender in the country by total deposits for the first time, surpassing Sonali Bank PLC, despite loan scams in recent years. 

Bangladesh is going to fulfil the International Monetary Fund’s condition on foreign exchange reserves in June on the back of record budget assistance from global creditors, the first time since the IMF approved its $4.7 billion loan programme more than a year ago.

The government gave its commitment to the International Monetary Fund regarding around 50 issues to restore macroeconomic stability and good governance in the financial sector.

Bangladesh will have to comply with 33 new conditions by June next year in order to receive the next two instalments under the International Monetary Fund’s $4.7 billion loan programme.

Md Matiur Rahman, the disgraced senior official of the National Board of Revenue (NBR), opened a Pandora’s Box when he claimed during an interview with a local television station that he received placement shares of a company below the face value.

NBR official Md Matiur Rahman, who has come under the scanner amid controversy over his wealth, has made a big fortune through investments in the stock market, raising questions about the means he applied in the process.

On the back of the credits from the World Bank and the International Monetary Fund, Bangladesh may meet for the first time the condition on net foreign exchange reserves attached to the $4.7 billion loan from the IMF and secure the next instalment.

The Belgian Investment Company for Developing Countries (BIO) has provided a $15 million loan to Mutual Trust Bank (MTB) to expand its portfolio dedicated for micro, small and medium enterprises (MSMEs) alongside sustainable financing initiatives.

Stocks in Bangladesh climbed 1.6 percent yesterday, driven by a surge in the prices of some blue-chip companies such as Renata PLC and Linde Bangladesh.

India may offer Bangladesh fresh loans under a new framework, as implementation of the projects under the existing loan programme is proving difficult due to some strict loan conditions.

However, the move could have little effect on revitalising the market in the past as it was seen that black money holders do not prefer parking funds in stocks when the amnesty was in place.

The highest loss, at Tk 6,118 crore, was incurred by the Bangladesh Power Development Board (BPDB) in July-April of the fiscal year. Its provisional loss was Tk 11,163 crore in the full year of 2022-23.

The new budget for the upcoming fiscal year is unlikely to provide respite from one of the longest spells of sustained inflation in Bangladesh as the government’s measures appear to be missing the impetus required to contain the price spiral.

In yet another blow to stock market investors, the government plans to impose a capital gains tax on them from next fiscal year.

The overall revenue generation target will be Tk 537,000 crore in the new fiscal year that begins on July 1, which is 7.4 percent higher than that of the goal of the outgoing financial year.