Economy / Bangladesh

Equity market needs a "rethink" for investors to return

Equity market needs a "rethink" for investors to return

Investors have turned their back on the stock market. It is not just tax measures in the proposed budget or macroeconomic indicators, such as high inflation and depletion of foreign exchange reserves, which are driving out money from stocks. A lack of confidence in the market, which deepe


Macro challenges paramount, budget measures half-hearted

Macro challenges paramount, budget measures half-hearted

Economists on Thursday criticised the proposed national budget for FY25, arguing it does not have adequate focus on restoring macroeconomic stability. Speaking at a post-budget discussion hosted by the Economic Reporters' Forum (ERF), they said the budget flagged major challenges such as rising in

WASH budget declines by 22.5pc in FY25

WASH budget declines by 22.5pc in FY25

The allocation for the WASH sector in the 2024–25 fiscal year witnessed a decline of 22.5 per cent compared to that of the previous year. Such a decline is a cause for grave concern in a time of climate and urbanisation-induced risks in water, sanitation and hygiene areas, with a spread of W

'Bangladesh economy stuck in non-efficiency trap'

'Bangladesh economy stuck in non-efficiency trap'

Senior economist Dr Hossain Zillur Rahman on Wednesday said Bangladesh's economy has fallen into a ‘non-efficiency trap.’ "We don't have accurate project selection, we have inefficiency in public expenditure, and a low base of investment," he said while speaking at the dialogue on the

Tax amnesty might have countereffect: IBFB

Tax amnesty might have countereffect: IBFB

The proposed budgetary provision for legalising undisclosed money by paying only 15 per cent income tax might encourage taxpayers to dodge tax and make them wait for grabbing such chance in the future. Speakers at a post-budget press conference organised by the International Business Forum of Bang

Parliament passes Tk 378.17b supplementary budget

Parliament passes Tk 378.17b supplementary budget

Parliament has passed the supplementary budget of Tk 378.17 billion for the fiscal year 2024-25 to meet the increased expenditures under different ministries and divisions. Finance Minister AH Mahmood Ali placed the supplementary budget in the House on Thursday (June 6) along with the national bud

New tax policies will push back FDI from Bangladesh: FICCI

New tax policies will push back FDI from Bangladesh: FICCI

Foreign Investors' Chamber of Commerce and Industry (FICCI) fears the 'unpredictable, inconsistent and unstable tax policies' of Bangladesh might push back foreign direct investment (FDI) from the country. President of the trade body Zaved Akhter voiced the fear at a press conference held at

BD falls behind in bagging US garment work orders

BD falls behind in bagging US garment work orders

Bangladesh is lagging far behind others in seizing US garment work orders shifting from China, which industry insiders attributed to a number of factors like inefficiency, long lead time and energy crisis. Data available with the Office of Textiles and Apparel (OTEXA), a body under the American Co

Budget lacks focus on private sector needs: Experts

Budget lacks focus on private sector needs: Experts

The private sector has not received adequate attention in the proposed national budget for 2024-25 fiscal year, experts said at a roundtable on Saturday. They also highlighted the lack of initiatives aimed at expanding industrialisation, diversifying exports, and boosting private investment and jo

Internal borrowing likely to increase inflation: ICAB

Internal borrowing likely to increase inflation: ICAB

Hailing the proposed national budget, the Institute of Chartered Accountants of Bangladesh (ICAB) has said financing a huge sum of money from internal sources through borrowing could raise inflation. About huge internal borrowings, ICAB president Forkan Uddin says from the macro-economic perspec