Bankers said the exchange rate was already hovering at around Tk 117 unofficially, meaning the impact of easing the restrictions was yet to come about in the forex market.

The national food inflation rate in the same month stood at 9.58 percent, according to the Bangladesh Bureau of Statistics (BBS).

Mobile financial service provider bKash logged a massive 504 percent year-on-year rise in profit in 2023.

Bangladesh Bank’s steps to boost the country’s foreign currency reserves will not yield any positive results overnight.

Returning after several years of working at the regional office of a big tech company, I noticed that while it looked almost the same, there were fewer employee perks in the office premises, though still better than most companies.

A total of 184 businesspeople in Bangladesh have been awarded the status of Commercially Important Person (CIP) in recognition of their contributions to the country’s export and trade activities in 2022.

US Ambassador to Bangladesh Peter Haas yesterday stressed stabilising the local macro-economic situation and going for policy reforms to create a comfortable, competitive and business-friendly environment for attracting US investment.

Prime Minister Sheikh Hasina today directed the Finance Division to take effective steps to enlist state-owned companies in the country's share market

150 companies of 15 countries are taking part in the events

The reserves hit $19.83 billion on May 8

Dollar price rose just a day after the introduction of the crawling peg

Mobile and internet subscribers in Bangladesh yesterday complained about several issues, including poor network coverage, slow internet speeds and “unjust” balance deductions of local carriers

The first-ever Purchasing Managers' Index shows slower expansion at 62.2 in April

Mobile financial service provider bKash logged a profit of Tk 103.9 crore in 2023, up by a massive 504 percent year-on-year

Owing to a chaotic and volatile exchange rate, local exporters were desperate for the introduction of a floating exchange rate so they could draw more money and be more competitive.

Mansur, a former economist at the International Monetary Fund, said interest rates would rise. This may slow the economy further, but it is necessary to overcome the challenges.

The central bank took the decision as people have been struggling with the high level of prices for around two years.

CPD Distinguished Fellow Mustafizur Rahman says

Nearly 80 percent of households of plainland ethnic minority communities have no access to credit, be it formal or informal sources, as per a new study made public yesterday.

Bangladesh yesterday made three major decisions to cushion the economy against critical risks such as stubborn inflation and depletion of foreign currency reserves.