Despite global uncertainty, Bangladesh’s outlook has remained bright and the economy is expected to grow steadily, said a top economist of the Hongkong and Shanghai Banking Corporation (HSBC).

Bangladesh would be able to earn $10 billion from semiconductor manufacturing by 2041 if proper policy support is ensured, according to Zunaid Ahmed Palak, state minister for telecom and ICT.

Journalist leaders demand easy access to info at the central bank

Says HSBC’s chief economist for Asia

The government has set a target to export goods and services worth $110 billion in the fiscal year of 2026-27, which is double the earnings recorded in the last financial year

Cabinet Secretary for Coordination and Reforms Mahmudul Hossain Khan told The Daily Star

Ben (Qian) Yi replaced Syed Mostahidal Hoq, sources said.

Eastern Bank PLC (EBL) has entered into an agreement with the US Department of State to collaborate on the EBL Climate Change Adaptation Award

Steel consumption in Bangladesh is projected to rise by 25 percent to around 1.06 crore tonnes in 2027 from 85 lakh tonnes in 2024 thanks to growing infrastructure development projects and individual consumption, according to Bigmint.

Currently, the government is borrowing heavily from commercial banks using the tool as the central bank has suspended injecting fresh money into the economy to avoid fuelling inflation, which has stayed above 9 percent for the past 20 months.

Citing BB data, he said there were 16 banks where the NPL ratio exceeded 10 percent and 9 banks where the NPL ratio exceeded 20 percent as of June 2023.

At least 20 licences are required to establish a garment factory in Bangladesh, which eats away at time and money, said Khondaker Golam Moazzem, research director of the Centre for Policy Dialogue (CPD).

British American Tobacco Bangladesh (BATB) saw a drop in its profits and sales in the January-March period of 2024, reasoning that people had cut back on smoking cigarettes amidst high inflationary pressure.

Bangladesh Bank has dismissed a report published by an Indian digital news outlet on a “new reserve heist” at the central bank.

It was “absolutely fake” news, Bangladesh Bank spokesman Mezbaul Haque said today.

The bank will support 3,500 MSMEs and women-led businesses in Bangladesh

The US dollar rate hikes will fuel steel raw material cost, they said at Bangladesh International Trade Summit

Green Delta Insurance Ltd reported a profit of Tk 8 crore in the first quarter of 2024, an increase of 8 percent year-on-year

Beacon Pharmaceuticals, which makes more than 200 generic drugs and 65 oncology products, saw a 7.38 percent decline in profits during the July-March period of 2023-24, owing mainly to a rise in interest rates

The deficit in the financial account stood at $9.25 billion in July-March of the current fiscal year, Bangladesh Bank data showed. It was $2.92 billion in the first nine months of the previous fiscal year and $8.46 billion in July-February of 2023-24.