Despite the growth in revenue collection after a shift in the political landscape since the July Uprising, the National Board of Revenue (NBR) has been unable to rein in the deficit at the end of the third quarter of the ongoing financial year. Different steps to revive the economy made little dif
KM Mozibul Hoque, honorary consul general of Yemen, highlighted the investment opportunities in Bangladesh during the lunch event hosted for representatives of global business giants, including SpaceX and Philip Morris International (PMI). In an inspiring convergence of minds and missions, a disti
Bangladesh’s economy is showing signs of recovery, with the latest forecast from the International Monetary Fund (IMF) projecting a significant upturn. In its World Economic Outlook released on Tuesday night (Washington time), the IMF projected a GDP growth of 3.8 per cent for Bangladesh in
The yield on 10-Year Bangladesh Government Treasury Bonds (BGTBs) increased significantly on Tuesday, as banks showed reluctance to invest their excess funds in the long-term securities. The cut off yield, generally known as interest rate, on the BGTBs rose to 12.48 per cent on the day from 12.05
Bangladesh's economic growth this fiscal year is to decelerate further to 3.76 per cent from a cut-down previous estimation of 3.8 per cent made last December, says the IMF in a subdued global outlook. And this pared-down projection is significantly lower from a previous projection of 4.5 per cent
A coalition of private watchdog groups has revealed that approximately 65 per cent of the Asian Development Bank’s (ADB) energy investments in Bangladesh—totaling $11.36 billion—lack any safeguard classification, raising serious concerns over transparency and accountability. The
The United States' reciprocal tariff policy poses risks as well as offers opportunities, but Bangladesh must prepare strategically for the changing global trade landscape, experts said at a seminar on Sunday. The seminar titled "Emerging Landscape of Trade: Trump's Tariff Policy and Its Implicatio
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
