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WB cuts FY25 growth forecast to 4 percent

The World Bank has slashed its forecast for Bangladesh’s economic growth by 1.7 percentage points to 4 percent for FY25 due to “significant uncertainties following recent political turmoil” and “data unavailability”.
10 October 2024, 18:00 PM

Telecom reforms for a smarter future

The shift from “Digital Bangladesh” to “Smart Bangladesh” was like trying to drive a car without an engine — all talk, little substance. While we have made big claims on paper, the reality was far from impressive. While waving the “Digital Bangladesh” flag, we ranked 105 out of 132 in Global Innovation Index 2023 (Source: World Intellectual Property Organization).
10 October 2024, 18:00 PM

Crisis-hit banks repaying depositors for emergencies, basic needs

As crisis-hit lenders have started getting liquidity support from the inter-bank money market, they are now repaying depositors for specific purposes, such as medical emergencies, and in the case of salary disbursement or remittance encashment.
10 October 2024, 18:00 PM

No respite for jute goods makers from export fall

Bangladesh’s exports of jute and jute goods have been falling continuously as many buyers have switched to synthetic and regenerated cotton yarn due to high prices of the golden fibre in the domestic market.
10 October 2024, 18:00 PM

Holidaymakers throng beach towns amid Durga Puja festival

The recent rise in travellers comes as a relief for the tourism industry in Cox's Bazar, Kuakata and Sylhet as these regions were suffering from low turnout in July, August and September this year.
10 October 2024, 15:56 PM

ISPR responds to report on BSEC security

The Inter-Services Public Relations (ISPR) on October 9 protested a report published by various media outlets, including The Daily Star, titled "Armed forces to ensure security of BSEC." The news was published on October 7 in The Daily Star.
10 October 2024, 13:28 PM

Climate action not a burden, but an opportunity for businesses: energy adviser

Bangladesh Apparel Exchange organised the second edition of Bangladesh Climate Action Forum 2024 today
10 October 2024, 12:21 PM

World Bank slashes Bangladesh growth forecast to 4% for FY25

The WB also revised down economic growth estimate on Bangladesh to 5.2 percent for the FY24
10 October 2024, 07:02 AM

Stocks rebound from 3-day fall

Major indices of the stock market in Bangladesh saw a big rebound yesterday, snapping a three-day losing streak thanks to the rise in share values of some prominent companies, most of which are financially sound..The shares of British American Tobacco (BAT) Bangladesh, BRAC Bank, Grameenph
9 October 2024, 18:00 PM

Govt to import another 33,000 tonnes of LNG

The interim government of Bangladesh is going to purchase another 33,000 tonnes of liquified natural gas (LNG) for Tk 657 crore from the spot market.
9 October 2024, 18:00 PM

The egg price dilemma and public health

Article 18:1 of the constitution of Bangladesh articulates that the state will consider the development of nutritional levels and improvement of public health in the country as a primary duty.
9 October 2024, 18:00 PM

Summit urges govt not to cancel its FSRU deal

Summit Group yesterday urged the interim government to withdraw its recent decision to terminate an agreement over the establishment of the group’s second floating regasification plant for liquified natural gas (LNG) imported by Bangladesh. 
9 October 2024, 18:00 PM

Some RMG work orders shifted to other countries for unrest

Some garment work orders have shifted to competitor countries as a result of the recent spell of labour unrest in major apparel manufacturing belts across Bangladesh.
9 October 2024, 18:00 PM

NBR halves import duty of sugar

The National Board of Revenue (NBR) yesterday reduced the duty on sugar imports from 30 percent to 15 percent to bring down prices of the sweetener in the local market.
9 October 2024, 18:00 PM

Bangladesh’s rice output crosses 4cr tonnes for the first time

For the first time, Bangladesh has bagged more than 4 crore tonnes of rice in a fiscal year (FY) thanks to increasing yields of the most grown crop, according to official data.
9 October 2024, 18:00 PM

Govt removes BASIC Bank chairman

The interim government yesterday removed Abul Hashem from the post of chairman at BASIC Bank.
9 October 2024, 18:00 PM

Exports grow 5% in Jul-Sep, EPB admits $3b mismatch

The Export Promotion Bureau (EPB) yesterday unveiled the export data for the July-September period of fiscal year 2024-25 and officially acknowledged that there was a $3.16 billion export data mismatch in the same quarter of the previous fiscal year.
9 October 2024, 18:00 PM

Bangladesh's rice output crosses 4cr tonnes for the first time

For the first time, Bangladesh has bagged more than 4 crore tonnes of rice in a fiscal year (FY) thanks to increasing yields of the most grown crop, according to official data.
9 October 2024, 16:18 PM

Some garment work orders shifted to other countries for labour unrest

Square Group CEO says in conversation with ERF members
9 October 2024, 15:10 PM

Merchant marine officers’ body demands overall reform in maritime sector

Bangladesh Merchant Marine Officers’ Association made the call in a press briefing
9 October 2024, 14:44 PM