Professor Rehman Sobhan, Chairman of the Centre for Policy Dialogue (CPD), stressed the importance of prioritising the preservation of Bangladesh’s $8.0 billion export market to the US, following President Donald Trump’s announcement of a tariff hike. He called for policy measures to b
Bangladesh lost an estimated Tk 2.26 trillion in tax revenue in 2023 due to evasion and avoidance, driven by the lack of a fully digitalised tax system. This finding was revealed in a study report of the think tank the Centre for Policy Dialogue (CPD) unveiled on Monday, reports UNB. On the occas
Bangladesh's foreign currency reserves have once again exceeded above the $21 billion mark after nearly one and a half months. The central bank said on Sunday, the country’s reserves stood at $21.38 billion on Apr 17, calculated under the IMF's Balance of Payments and International Investmen
The upward trend of yields on treasury bills (T-bill) continued on Sunday, as banks remained reluctant to invest their excess liquidity in the securities. The cut-off yield, generally known as the interest rate, on the 91-Day T-bills rose to 11.59 per cent on the day from 11.45 per cent of the pre
Although the National Board of Revenue (NBR)'s revenue collection surged a bit during the Jul-March period of the current fiscal year compared to the corresponding period of last fiscal, it still fell some 20 per cent short of the total target, official data showed on Saturday. The NBR collected T
The steady decline in credit card transactions by Bangladeshi citizens in India, first observed during the July Uprising last year, has grown more pronounced. In February, India dropped to sixth place among foreign destinations, with transactions plummeting 73.15 per cent compared to the same peri
Bangladesh is set to receive the remaining two installments of the $470 million loan from the International Monetary Fund (IMF) by the end of June. The IMF team made the announcement after a two-week review mission at Bangladesh Bank’s Headquarters on Thursday. The fourth and fifth tranches
Foreign visitors are canceling trips to the United States in record numbers as US President Donald Trump's trade war escalated, threatening to cost the US tourism industry up to 64 billion US dollars this year alone. Tourism Economics, an industry research firm, projected a 9.4 per cent decline in
The investment promotion authority found the recent gas tariff hike as ‘discriminatory’ for new investors and apprehended that it would put an adverse impact on its ongoing efforts to attract new investment. The hike just after the investment summit would ‘undoubtedly’
Leading foreign trade bodies in Bangladesh have expressed concern over the recent gas tariff hike and called for fair and predictable pricing policy to maintain the investment climate in the country. Foreign Investors' Chamber of Commerce and Industry (FICCI) and European Union Chamber of Commerce
The yield on Five-Year Bangladesh Government Treasury Bonds (BGTBs) posted a sharp rise on Tuesday as banks showed reluctance to invest in the securities. The cut-off yield, generally known as the interest rate, on the BGTBs rose to 12.39 per cent on the day from 11.48 per cent earlier, according
China is ready for executing Bangladesh's long-stalled Teesta river project and for building four hospitals in the country, the Chinese ambassador says and also unveils Beijing's plan on a joint faceoff against tariff turmoil. China wants to address the challenges of 'reciprocal tariff' imposed by
Bangladesh must take urgent and proactive measures strategically leveraging the 90-day US tariff respite otherwise it might be at risk of losing large volume of seasonal work orders for next holidays. The county also has to inform the US about the measures it is going to take addressing the concer
