Some major banks expect global economic growth to ease further in 2024, squeezed by elevated interest rates, higher energy prices and a slowdown in the world's two largest economies. The global economy is forecast to grow 2.9 per cent this year, a Reuters poll showed, with next year's growth seen
Bangladesh’s economy has been under pressure due to the ongoing political unrest centering the January 7 parliamentary elections, according to economists and business leaders. The current spell of blockades and hartals was launched by opposition BNP and its like-minded parties on October 29,
The National Board of Revenue (NBR) has taken initiatives to address the flaws identified in the new Income Tax Act 2023 for the greater interest of the people. "After sitting and consulting with relevant stakeholders, the new law was enacted. Despite our efforts, some loopholes may have been over
Yet another appreciation of the local currency against the US dollar surprises money-market analysts who see the cuts in exchange rate as 'artificial', not driven by market dynamics. Raising question over frequent depreciation of the greenback at a time when Bangladesh's foreign-currency reserves
Bangladesh Bank has decided to remove the restriction on the interest spread between loans and deposits. In a circular issued on Wednesday, banks were notified that by determining interest rates according to market conditions, it is now feasible to curb unregulated increases in interest rates. Uti
