Economy / Bangladesh

Digital trade: Bangladesh could earn $0.6b more in exports

Digital trade: Bangladesh could earn $0.6b more in exports

Imagine you are a cargo owner in 1450. You hand over your goods to a ship and receive a bill of lading -- a paper document detailing your shipment. Fast forward to 2024: despite a dramatically changed world, the bill of lading process remains reliant on physical paperwork, used in roughly 40 per c


Banks' liquidity squeezes as financial deepening declines

Banks' liquidity squeezes as financial deepening declines

Access of people and businesses to funds squeezes as Bangladesh's "financial deepening" is on the decline with its domino effect on the economy, says economist Dr. Ahsan H Mansur. In such a tight situation, people are not having wider choice of financial services, he says about fallout from the co

Treasury bonds rise as bank deposits dip

Treasury bonds rise as bank deposits dip

Nahida Khanam, a lawyer, has been able to accumulate a significant sum of capital through prudent financial management. Initially, she considered investing in savings certificates, but following advice from an acquaintance, she learned that investing in Treasury bonds is now a more profitable optio

Japan reviewing plan to support BD's LDC graduation, 9th FYP

Japan reviewing plan to support BD's LDC graduation, 9th FYP

Japan is reviewing the Country Assistance Plan for Bangladesh, taking into account the nation's upcoming graduation from Least Developed Country status and its Ninth Five-Year Plan, Japanese Ambassador to Bangladesh Iwama Kiminori said. "We are considering Bangladesh's needs against its developmen

Gas crunch leaves BD in frequent power cuts

Gas crunch leaves BD in frequent power cuts

A nationwide gas shortage is causing frequent power cuts as around three dozen gas-fired power plants are currently out of operation for a lack of input. Power outages are worst in rural areas, while urban areas are experiencing increased load shedding. Officials say the situation is unlikely to

MPS for first half of FY’25 likely on July 18

MPS for first half of FY’25 likely on July 18

The central bank is likely to announce the monetary policy statement (MPS) for the first half of fiscal year 2024-25 on July 18, local news portals said citing sources at Bangladesh Bank. The reports said the committee on formulation of the monetary policy is expected to hold the final meeting on

Inflation rate eases to 9.72pc in June

Inflation rate eases to 9.72pc in June

Bangladesh's overall inflation decreased by 0.17 percentage points to 9.72 per cent in June from May’s 9.89, according to data released by the Bangladesh Bureau of Statistics (BBS). The food inflation slightly eased to 10.42 per cent in June from 10.76 per cent in May, while the non-food inf

Bangladesh has been ‘fantastically successful’

Bangladesh has been ‘fantastically successful’

An eminent development economist has termed the more than five decades of development journey of Bangladesh as a ‘fantastically successful’ despite its terrible political leadership.  In a long interview with the Financial Times (FT) regarding the success of developed and developi

Current account in the red after several months’ surplus

Current account in the red after several months’ surplus

Bangladesh sees its current account dip deeper, with the deficit counting US$ 5.7 billion as of April, after nine months of surplus as the country's foreign trade tips the balance. The deficit was seen $3.3 billion at the end 2023 fiscal year, according to the central bank of Bangladesh. The trad

Benapole Custom House surpasses revenue target by Tk 2,160m

Benapole Custom House surpasses revenue target by Tk 2,160m

Despite the dollar shortage, preventing traders from opening letters of credit (LC) as needed, the Benapole Custom House exceeded its revenue target for the 2023-24 fiscal year by Tk 2160 million. The revenue target for Benapole Custom House in the 2023-24 fiscal year was Tk 59,480 million. Actual

Gross forex stock $26.81b on aid-fund feeding

Gross forex stock $26.81b on aid-fund feeding

Bangladesh runs past forex-reserves risks as its gross dollar stock stood at US$26.81 billion by official count, as of June 30, after a prolonged slide since the middle of 2022. According to the International Monetary Fund (IMF) accounting method called BPM-6, the foreign-exchange reserves, howeve