Bangladesh can increase its economic output by nearly 40 percent by closing the gender gap and increasing women’s participation in the economy, according to the International Monetary Fund (IMF).

Until June 15, some 15,553 TEUs of export containers were lying at the 21 ICDs, much higher from 8,000 on any regular day

The International Monetary Fund will discuss releasing $1.15 billion in the third instalment of its loan to Bangladesh during its board meeting on June 24. This is part of the IMF’s $4.7 billion loan programme for the country.

The private sector’s short-term foreign debt in Bangladesh made a turnaround for the first time in more than a year in April, handing a much-needed fillip to the foreign currency reserves.`

The number of oceangoing vessels that are Bangladesh-flagged has already gone past 100, a milestone illustrating the country’s noticeable expansion in cargo-carrying capacity.

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Renata has shipped the first consignment of Terbinafine 250 mg tablets, worth £1.5 lakh to the UK market. The product is being supplied directly from its factory located in Rajendrapur, Gazipur.

Almost all the entities that help prop up the economy, such as banks, the stock market and regulatory bodies, have turned weak in Bangladesh over the last 50 years, said former Bangladesh Bank (BB) governor Salehuddin Ahmed yesterday

Deposits at non-bank financial institutions (NBFIs) have increased slightly thanks to flexible interest rates but the number of deposit accounts have dropped sharply, indicating a lack of trust. 

It may not be possible to simultaneously achieve both high growth and ensure macroeconomic stability as outlined in the proposed budget for the upcoming fiscal year, an expert said yesterday.

Bangladesh's foreign currency reserves have reached $19.2 billion, an increase by $538 million from a week ago

“Before the pandemic, people saw that we were afloat. People knew that we could eat, support our households. We were more or less okay before the coronavirus pandemic. That is why people did not help us and we could not hold out our hands,” said Rashed, summing up perfectly how the lower-middle-income families were in between a rock and a hard place during the health crisis.

Nearly five lakh additional establishments are expected to come under the tax net as the government is going to make proof of submission of return (PSR) mandatory for hotels, restaurants, clinics, and diagnostic centres.

Anyone unwilling to deal with the hassle of carrying a large amount of cash to buy sacrificial animals for Eid-ul-Azha can now make their life easier by visiting a cattle market offering cashless transaction facilities.

Demand for gold in Asia is surging despite prices hovering near the record highs it hit in May, industry officials say, as buyers snap up the metal to hedge against geopolitical and economic uncertainty.

Stocks returned from losses yesterday, reflecting buying sentiment among investors after a three-day decline as the tax measures for the next fiscal year had left them disappointed while concerns over unfavourable macroeconomic conditions persist.

The government plans to borrow Tk 137,500 crore from the banking sector in the fiscal 2024-25 to finance the budget deficit. If the Bangladesh Bank does not provide any fund, the entire amount will need to come from the commercial banks.

Strategic inefficiency, institutionalisation of corruption, and a lack of accountability are the three major barriers blocking the smooth progress of the economy, said economists, entrepreneurs and politicians yesterday.

The High Court postponed NRBC Bank’s annual general meeting slated for today, following a writ petition alleging irregularities at the bank.

The imposition of an additional 5 percent supplementary duty on mobile service usage and a Tk 100 increase in the VAT on SIM connections will negatively impact mobile consumers and the telecommunications industry, said industry players yesterday.