Economy / Bangladesh

Revenue collection deficit surges to Tk 650b in nine months

Revenue collection deficit surges to Tk 650b in nine months

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


BD investment scope discussed in Doha luncheon meeting

BD investment scope discussed in Doha luncheon meeting

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

IMF forecast hints at Bangladesh’s economic recovery

IMF forecast hints at Bangladesh’s economic recovery

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

Yield on 10-yr BGTBs rises significantly

Yield on 10-yr BGTBs rises significantly

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

IMF downgrades Bangladesh GDP growth to 3.76pc

IMF downgrades Bangladesh GDP growth to 3.76pc

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

Forex reserves reach above $21b

Forex reserves reach above $21b

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

Upward trend of yields on T-bills continues

Upward trend of yields on T-bills continues

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

Bangladesh expects $4.7b IMF loan installments by June

Bangladesh expects $4.7b IMF loan installments by June

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