The benchmark index lost 23.16 points before closing the day at 5,224.36

The economy has been in a rough patch since 2022 like never before in the past decade and a half

Shipments hit $4.07 billion in May, 23.75% lower than the monthly target of $5.33 billion

For air conditioner and refrigerator manufacturing industries, the government plans to extend the existing facility to June 2026, according to the finance ministry.

AnonTex currently owes Tk 4,960 crore to Janata Bank and the total debt of the garment maker’s 18 institutions to the bank stands at Tk 8,178 crore, according to bank documents.

The NBR specifically suggested reducing the import duty on dialysis filters and dialysis circuits, essential materials used for kidney dialysis, to 1 percent from 10 percent.

The Consumer Price Index grew by an average of 9.73 percent in the first 11 months of the current financial year, which was 8.64 percent during the identical period a year prior, data from the Bangladesh Bureau of Statistics showed.

The development comes after Bangladesh Bank relaxed the rules and allowed banks to receive funds from the OBUs amounting to up to 40 percent of their regulatory capital to settle payment obligations.

The temptation to prioritise quick profits over long-term sustainability and ethics is predominant.

With an aim to restore macroeconomic stability, reduce inflation, and contain pressure on foreign currency reserves, Finance Minister Abul Hassan Mahmood Ali is going to place a Tk 7,96,900 crore budget for the 2024-25 fiscal year tomorrow.

The higher inflation for one of the longest spells in recent decades has left many households in the low-middle-income country with little resources since food costs consist of a much higher share in their consumption basket

Since fiscal year 2009-10, Bangladesh has been preparing a gender budget to empower women, establish their rights and highlight the impact of government spending on women’s advancement.

Chairman of National Human Rights Commission (NHRC) Kamal Uddin Ahmed today urged garment factory owners to take necessary measures to pay the workers before Eid as no vested interest group can use the workers to worsen the law and order situation

Reports Financial Times

The telecom regulator and Grameenphone have initiated negotiations regarding late fees of around Tk 6,000 crore based on an audit claim, as both parties seek an out-of-court settlement on the matter.

For instance, the outlay for the health sector was Tk 25,028 crore in 2021-22, representing 4.8 percent of the budget of Tk 518,188 crore. It was five percent in the previous fiscal year when the government spent Tk 21,647 crore under a Tk 460,160 crore budget.

Islamic banks’ liquidity coverage ratio (LCR) tumbled to 58.7 percent at the end of last year compared to 87.7 percent in 2022 and 188.5 percent in 2021.

The central bank said some banks are not taking enough security measures at their business centres despite its previous instructions to this end.

The overall revenue generation target will be Tk 537,000 crore in the new fiscal year that begins on July 1, which is 7.4 percent higher than that of the goal of the outgoing financial year.

The net foreign portfolio investment in Bangladesh continued to fall in the July-March period of fiscal year 2023-24 due to the negative economic outlook, repeated devaluation of the local currency against the US dollar, and policy instability.