Spending under the annual development programme (ADP) hit a four-year low in the first 11 months of the current fiscal year, owing to a slower implementation rate centring the national elections.

The International Monetary Fund (IMF) has suggested greater exchange rate flexibility to preserve reserve adequacy, warning failure to do so may create further imbalances in the currency market.

Bangladesh’s interest payments on external borrowing are projected to soar by 65 percent within three years due to rising global interest rates and an expanded foreign loan portfolio, which will put further pressure on the dwindling foreign currency reserves. 

In general, e-commerce is the exchange of goods and services, and the transmission of funds and data over internet. It is governed by technology and digital platforms, including websites, mobile apps and social media, which make buying and selling more feasible.

The share of the total allocation for spending directly on poverty reduction has come down for the upcoming fiscal year despite persistently higher inflation, deepening the uncertainties of the poor.

Bangladesh is going to sign agreements with India and Myanmar for importing essential commodities round the year to sell those among local consumers at affordable prices, State Minister for Commerce Ahasanul Islam Titu said yesterday.

Implementation of the budgetary proposal to phase out a tax holiday for investors and developers of private economic zones (EZs) will be a violation of agreements signed over developing the zones, according to the Japanese ambassador to Bangladesh.

Bangladesh should explore potential avenues for joint protection of shared GI (geographical identification) with India and put in place a legal framework to safeguard the country’s traditional products, said the Centre for Policy Dialogue (CPD) yesterday.

Liquidity at Islamic banks in Bangladesh has decreased drastically, deepening a lingering cash crunch at the crisis-hit Shariah-based banks.

Postal officials have misappropriated Tk 55 crore from both people and departmental resources, said Zunaid Ahmed Palak, state minister for Posts, Telecommunications, and Information Technology today.

IRRI said climate change, characterised by rising temperatures and increased frequency of extreme weather events, significantly impacts rice production and yields.

Bangladesh is set to accelerate its digital transformation through a collaborative effort with GovStack, an initiative that focuses on the development and implementation of digital public infrastructure through public-private collaborations, said experts yesterday

The two will work jointly in Chattogram, Mongla, Dhaka

$21.64 billion worth of apparels were shipped to the European Union in the Jul-May period this fiscal year

The number of border haats will also be increased, State Minister for Commerce Ahasanul Islam Titu also said

The suggestion comes after Sundarbans’ honey was displayed as a GI product of India

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.

National Logistics Policy 2024 is a wonderful step towards developing Bangladesh’s economy and enhancing its position in the global market and therefore it needs to be properly utilised, said speakers at a seminar yesterday.

The broad index of Dhaka Stock Exchange (DSE) rebounded yesterday after plunging on the preceding day.

The proposed budget for fiscal year 2024-25 offered no relief to startups and neglected their long-standing demands, in sharp contrast with the government’s vision for a Smart Bangladesh, where startups are key economic drivers.