Govt cuts interest rates of savings tools
The government has cut the interest rate on savings certificates and wage-earner bonds by 1 to 3 percentage points – a move that may help the authorities save but hurt the middle-income group dependent on the returns to make a living.
21 September 2021, 18:00 PM
Loan write-offs pick up
Write-off loans rose slightly in the second quarter of 2021, although they remain at the lower level thanks to the eases of rules because of the coronavirus pandemic.
20 September 2021, 18:00 PM
State enterprises’ profit drops 21pc
The profits of state-owned enterprises plummeted in the last fiscal year as their incomes took a beating from the economic downturn caused by the coronavirus pandemic.
19 September 2021, 18:00 PM
Quarterly GDP growth data from next fiscal year
The Bangladesh Bureau of Statistics (BBS) is going to publish the gross domestic product (GDP) growth data every quarter from the next fiscal year.
16 September 2021, 18:00 PM
ADP spending rises
Although the overall implementation of the annual development programme (ADP) marked a rise in the first two months of the new fiscal year compared to the corresponding period a year before, the ADP implementation in the health service sector is still lagging.
14 September 2021, 18:00 PM
3 key fast-track projects near end
Padma Bridge, Payra Port and Dhaka Metro Rail-6 are among the fast-track projects nearing completion, whereas several others are witnessing a slower than expected implementation rate, according to a progress report.
25 August 2021, 18:00 PM
Pandemic-hit Education Sector: Recovery plan needs $90m
The government, following a study, has primarily estimated that it will need at least $90 million to implement a recovery plan for an education sector hit hard by the Covid-19 pandemic.
25 August 2021, 18:00 PM
ADP spending slows amid Covid restrictions
Implementation of the Annual Development Programme (ADP) in July was 17.22 per cent lower compared to the corresponding month of last fiscal year due to the economic impact of a recent countrywide lockdown.
24 August 2021, 18:00 PM
Low incomes shrink further
The already low incomes of skilled and unskilled workers have been squeezed further for last month’s countrywide lockdown, making it more difficult for them to stay afloat amid the Covid-19 fallout.
24 August 2021, 18:00 PM
Austerity saves Tk 12,000cr
The government has saved about Tk 12,000 crore by embracing austerity in purchasing cars for its officials since the pandemic struck Bangladesh, a development that offers the scope to look into how to cut costs.
21 August 2021, 18:00 PM
$250m currency swap: Sri Lanka gets first tranche of $50m this week
The central bank will lend $50 million to under-pressure Sri Lanka this week as part of Bangladesh’s efforts to support the Island nation suffering from a foreign exchange crisis.
17 August 2021, 18:00 PM
Funds for Vaccine Purchase: Disbursement remains slow
The unavailability of doses is once again posing as the sole reason behind the slow disbursement of the Tk 14,200 crore fund allocated for Covid-19 vaccine procurement in the budget for the current fiscal year.
13 August 2021, 18:00 PM
Learning Loss in Pandemic: Govt to buy digital contents for students
The government is going to buy digital contents containing interactive and communicative lessons to help secondary students tap the potentials of distance learning.
11 August 2021, 18:00 PM
Govt plans 5G for Dhaka this year
The government is undertaking a project involving about Tk 200 crore to roll out fifth-generation or 5G mobile network on a limited scale in Dhaka by the end of this year.
10 August 2021, 18:00 PM
Govt to build Tk 1,511cr solar power plant
The government is going to set up the country’s biggest solar power plant in Madarganj upazila of Jamalpur, in a move to raise the share of renewable energy in total power generation to 10 per cent by 2025.
9 August 2021, 18:00 PM
Tk 2,140cr project to revive Teletalk
The government is set to give a lifeline to Teletalk as the loss-making mobile phone operator looks to make a turnaround by winning customers through modernisation, network expansion and the launch of 5G technology.
9 August 2021, 18:00 PM
Economic woes to linger
Bangladesh’s economy may continue to suffer under the Covid-19 pandemic throughout the current fiscal year due to vaccine shortages and the government’s incapability to enforce a strict lockdown, said a recently released Fitch Solutions report.
8 August 2021, 18:00 PM
Private investment hits a trough
Private investment in Bangladesh fell to its lowest level in 14 years in the last fiscal year owing to the lingering uncertainty caused by the coronavirus pandemic and continuing structural weaknesses.
7 August 2021, 18:00 PM
Economy hit harder than thought
The economy grew 3.51 per cent in the fiscal year 2019-20, the slowest pace of expansion in three decades, as the pandemic wreaked havoc across the country, according to the final figure of state-run Bangladesh Bureau of Statistics (BBS).
5 August 2021, 18:00 PM
ADP spending rebounds
Development spending in Bangladesh rebounded in the last fiscal year although the implementation rate was still one of the lowest in three decades because of the disruption caused by the coronavirus pandemic and structural weaknesses.
2 August 2021, 18:00 PM