Bangladesh received US$2.69 billion in remittances in September, the fifth-highest monthly inflow on record, signalling a rebound in foreign-currency earnings. The rise in remittance earnings offers a much-needed respite for the economy, which has been grappling with multiple macroeconomic challen
The country's gross foreign exchange (forex) reserve in IMF's (International Monetary Fund) arithmetic crossed $27 billion mark on Thursday. It was the highest figure since Bangladesh stepped into sixth edition of Balance of Payments and International Investment Position Manual, generally known as
Bangladesh's economic growth slowed sharply in the final quarter of the last fiscal year (FY2024-25), as a steep downturn in industrial-and service-sector activities dragged overall performance, according to official figures released on Thursday. Data from the Bangladesh Bureau of Statistics (BBS)
Bangladesh's current-account surplus has increased, with the August figure having nearly doubled to US$500 million over the previous month's, giving a much-needed shot in the arm economic activity. Official statistics show the CAS upswing is powered by strong remittance inflows and robust export p
The Asian Development Bank (ADB) and Bangladesh on Thursday signed a $100 million agreement to help cottage, micro, small, and medium-sized enterprises (CMSMEs) outside Dhaka and Chattogram metropolitan areas gain access to medium and long-term credit. Economic Relations Division (ERD) Secretary,
The Asian Development Bank (ADB) and the Government of Bangladesh on Tuesday signed a $100 million loan agreement to enhance access to medium- and long-term financing for cottage, micro, small, and medium-sized enterprises (CMSMEs) operating outside Dhaka and Chattogram metropolitan areas. Md Shah
Bangladesh's economic activities gained pace in September 2025, with the country's Purchasing Managers' Index (PMI) rising to its highest level in recent months. The key gauge of overall economic momentum increased to 59.1, up from 58.3 in August, according to data released Tuesday by PMI Banglade
In a major policy shift, Bangladesh Bank (BB) has allowed exporters to ship goods under open account credit terms backed by insurance coverage from local insurance companies, aiming to ease the country's export procedures. To this effect, the central bank issued a circular on Tuesday permitting ba
While adoption of artificial intelligence would affect the job market in different ways, rational tariff cuts on intermediate inputs would benefit younger and more skilled workers in South Asian countries including Bangladesh, according to a latest World Bank (WB) report. Chief Economist of South
Bangladesh Bank Governor Dr. Ahsan H. Mansur on Tuesday called for coordinated action between the financial sectors of Bangladesh and Saudi Arabia to reduce the high cost of remittances from KSA. “The cost of sending remittances from Saudi Arabia is disproportionately high as the expat
The World Bank has projected Bangladesh’s real GDP growth to reach 4.8 per cent in the current fiscal year (FY26), before accelerating to 6.3 per cent in FY27, supported by signs of economic recovery and easing external pressures. According to the World Bank’s Bangladesh Development Up
Bangladesh and Japan need to sit a few more times to complete negotiations on economic partnership agreement (EPA) as last month's final-round meeting ended without reaching a consensus on some issues. Sources said both sides will sit in the current month in Dhaka and next month in Tokyo again to
Inflation in Bangladesh rebounds after a recession as September rate rose to 8.36 per cent compared to the preceding month, with the index mainly pushed up by price rises. Living in villages has become costlier in recent times as the inflation rate in the rural Bangladesh last month was higher tha
