Despite IMF warning, Govt plans to borrow $313m from forex reserves for power transmission project
The government plans to use the country’s foreign currency reserves to implement a $370.96 million power transmission project, ignoring warning from the International Monetary Fund (IMF).
20 January 2022, 18:00 PM
Reprioritise spending, bring financial reforms: IMF suggests better use of public money
The government should reprioritise spending, take steps to reduce corruption and initiate financial sector reforms for better use of public money with a view to overcoming challenges brought on by the pandemic, suggests the International Monetary Fund (IMF).
19 January 2022, 18:00 PM
Govt study finds most adolescents aspire to pursue mainstream careers
Although the pressure to become a doctor or an engineer is gradually dissipating, the two professions still rank on the top among the youths, found a first-of-its-kind study by the government.
13 January 2022, 18:00 PM
Bangladesh to be 24th largest economy by 2030
Bangladesh is expected to become the 24th largest economy in the world by 2030 despite a rise in poverty, unemployment and income losses because of the severe impacts of the Covid-19 pandemic, according to a government report.
13 January 2022, 18:00 PM
More perks to lift export to record level
The government is set to extend more policy and fiscal support, rationalise corporate tax, offer bonded warehouse facility and explore new markets and products as it looks to give a much-needed boost to export earnings.
12 January 2022, 18:00 PM
Foreign aid use target to remain unchanged
The government plans to keep its foreign aid use target unchanged in the next fiscal year compared to the current fiscal year owing to lower utilisation of development allocations and projected reduced spending related to the pandemic, especially for vaccination.
11 January 2022, 18:00 PM
Covid eating away jobs for the youth
As many as 1.6 million youths lost their jobs and about 20 million faced income loss for the pandemic, found a government study -- signifying the global public health crisis’s outsize economic consequences for Bangladesh’s younger population.
8 January 2022, 18:00 PM
Rising inflation eats up wage gains
Wages have ticked up in Bangladesh in recent months, but rising inflation, fueled by internal and external factors, has eroded the gains for the workers in various sectors.
8 January 2022, 18:00 PM
Non-food inflation: a runaway train
Non-food inflation has been unbridled since the government hiked diesel and kerosene prices two months ago, touching 7 per cent in December, a six-year high, pounding consumers.
6 January 2022, 18:00 PM
New year, old problems: Project revisions at 1st Ecnec meeting of 2022 despite PM’s directive
Old problems greet the Prime Minister-led Executive Committee of the National Economic Council when it convenes today for its first meeting for 2022: applications for project revisions.
3 January 2022, 18:00 PM
Economy 2021: Back on track from ravages of pandemic
Most operators are back behind the machines, so are the small traders, private service holders, vendors and domestic helps.
30 December 2021, 18:00 PM
Bangladesh poised to become $500b economy by next fiscal
Bangladesh is gunning to become a half-a-trillion-dollar economy next fiscal year buoyed by a successful vaccination campaign and a steady growth in agriculture and industry.
27 December 2021, 18:00 PM
Energy price hike pushes up inflation
Consumers in Bangladesh were squeezed further in November as inflation kept rising, driven mainly by non-food inflation as the impacts of last month’s hike of diesel and kerosene prices are taking a hold.
26 December 2021, 18:25 PM
Energy price hike pushes up inflation
Consumers in Bangladesh were squeezed further in November as inflation kept rising, driven mainly by non-food inflation as the impacts of last month’s hike of diesel and kerosene prices are taking a hold.
26 December 2021, 18:00 PM
Budget outlay to see marginal cut
The budget for the current fiscal year is set to be slashed by 1.6 per cent in the revised one because of lower development expenditure, with the cut being marginal for healthy revenue collection and higher subsidy spending.
25 December 2021, 18:00 PM
Govt to target 7.5pc GDP growth next year
The government plans to raise its economic growth target to 7.5 per cent for the next fiscal year, banking on the recovery of business activities and rising export earnings.
22 December 2021, 18:00 PM
Bangladesh buying 2cr Sinopharm vaccines
The government is procuring around 20 million Covid-19 vaccine doses from China, using funds given by the Asian Development Bank, under bilateral arrangements.
20 December 2021, 18:00 PM
Vaccination key to sustain progress: WB vice-president on Bangladesh’s challenge ahead
Bangladesh’s immediate challenge is accelerating the Covid-19 vaccination programme to cover the targeted 80 percent of the population, said a World Bank official.
18 December 2021, 18:00 PM
Rules toughen for new ADP schemes
The finance ministry has warned relevant government bodies that new projects will not be included in the revised annual development programme (RADP) for the current fiscal year if their details are not sent to the Planning Commission by January 2022.
16 December 2021, 18:00 PM
Four fast-track projects on course
With the much-talked about Padma bridge project nearing completion as only 11 per cent of the construction work remains, the authorities concerned hope to complete the project within the deadline by June next year.
16 December 2021, 18:00 PM