Data anarchy in revenue and expenditure continues
Although the authorities took steps to eliminate mismatches in export data in recent months, discrepancies in the data of revenue collection and expenditure among government agencies continue to persist.
26 August 2024, 18:00 PM
BB hikes policy rate to tame inflation
Three months ago, the policy rate was hiked for the last time by 50 basis points to 8.5%
25 August 2024, 11:33 AM
Wage growth slows after 30 months
Wage growth in Bangladesh fell slightly last month after climbing for 30 months since January 2022, according to official data.
17 August 2024, 18:00 PM
Food inflation tops 14pc for first time in 13yrs
Bangladesh’s worsening economic crisis has spun off a price shock with food inflation crossing 14 percent in July for the first time in 13 years.
12 August 2024, 18:00 PM
Private investment slows as confidence takes a knock
Private investment as a percentage of Bangladesh’s gross domestic product (GDP) has been declining for the past three years due to low investor confidence amid global crises, a persisting US dollar crisis and high inflation.
12 August 2024, 18:00 PM
Bangladesh fares poorly in South Asia in consumption of fruits and vegetables
Bangladesh ranks among the lowest in South Asia regarding the availability of fruits and vegetables, resulting in poor nutrition outcomes for its 170 million people..Avinash Kishore, a senior research fellow at the International Food Policy Research Institute (IFPRI), shared the findings a
10 August 2024, 18:00 PM
Bangladesh ranks among lowest in South Asia in consumption of fruits and vegetables
Bangladeshis consume only 155 grammes of fruits and vegetables per day, far below the global recommendation of 400 grams, according to data from the Food and Agriculture Organization.
8 August 2024, 15:48 PM
Rising house rent piles pressure on low-income people
Accommodation costs in Bangladesh have risen further amid persistently high inflation during the April-June period this year, placing an additional burden on many of the country’s middle and lower-income people.
3 August 2024, 18:00 PM
Job-scarce economy
The recent unrest stemming from a student movement seeking reforms to the quota policy for government jobs boiled over into violence after the initially peaceful protest was allegedly attacked by an opposing party.
2 August 2024, 18:00 PM
Nearly two-thirds of TIN-holders don’t submit tax returns
Bangladesh recently reached a milestone registering one crore Taxpayer Identification Numbers (TINs), yet nearly 59 percent of these individuals did not file tax returns in the just-concluded fiscal year of 2023-24.
30 July 2024, 18:00 PM
Govt overestimating revenue and budget targets for 11 years
The government has been overestimating its annual revenue collection targets and associated future expenditures over the past 11 years, according to a finance ministry document.
29 July 2024, 18:00 PM
NBR misses revenue target for 12th year
The National Board of Revenue (NBR) has fallen short of its revenue collection target for the 12th consecutive year, with experts opining that the existing framework for tax collection is inadequate.
28 July 2024, 18:00 PM
Digital activities to be included in census for first time
Bangladesh is set to include online economic activities of firms and households in its new census this year to cover all sectors of the country, a move that is expected to present data about the size of the expanding digital economy.
13 July 2024, 18:00 PM
Inflation outpaces wage growth for 29th month straight
Although wage growth in Bangladesh has been slowly climbing since July 2021, it has remained below the inflation rate for the past two and a half years, government data shows.
11 July 2024, 18:00 PM
Construction cost on the rise: BBS
The construction cost index in Bangladesh hit 6.01 percent in May, making it costlier to implement both public and private construction projects, according to the Bangladesh Bureau of Statistics (BBS)..As per the Building Materials Price Index (BMPI), overall construction costs saw month-o
10 July 2024, 18:07 PM
GDP growth tops 6% in third quarter
Bangladesh’s economy bounced back by posting significantly higher growth in the third quarter of fiscal year 2023-24 compared to the same quarter in the previous year, underlining good progress in the production of industrial goods and agricultural commodities.
9 July 2024, 18:00 PM
Bangladesh moves to put export data system in order
The government has initiated moves to correct the system to calculate national data in oder to avoid the repetition of the shock after the central bank reported a massive statistical mismatch linked to exports.
8 July 2024, 18:00 PM
Building hi-tech parks in districts: progress only 14% in 7 years
Development initiatives in Bangladesh normally take longer than usual to come to fruition. However, the project to set up a dozen hi-tech parks at the district level is moving at such a glacial pace that it may hold the government from attaining its vision of building a smart nation and readying the workforce for the digitalised world.
6 July 2024, 18:00 PM
NBR abandons plans to cut tax for AC, fridge and bike makers
The tax administration backtracked from its decision to levy a 5 percent tax on incomes generated by manufacturers of motorcycles, air conditioners and refrigerators until 2032, raising it to the previous rate of 10 percent.
1 July 2024, 18:00 PM
VAT exemptions dropped 17% in 2022
The National Board of Revenue (NBR) exempted various goods and services from value-added tax (VAT) payments to the tune of Tk 129,570 crore in 2022 to give some relief to citizens and facilitate industrialisation, thereby accelerating economic growth.
30 June 2024, 18:00 PM