Economy / Bangladesh


Remittance receipt breaks annual record in 10 months

Remittance receipt breaks annual record in 10 months

Bangladesh's remittance receipt breaks annual record in over 10 months of this fiscal year with more than US$25 billion bagged, in a much-needed prop to its foreign-exchange reserves. With the receipt of $922 million in the first 11 days of this month, the forex-hungry nation got $25.46 billion so

ADB reaffirms strong support for BD's sustainable growth

ADB reaffirms strong support for BD's sustainable growth

The Asian Development Bank (ADB) has reaffirmed its support for Bangladesh focusing on development cooperation, policy reforms, and climate resilience in the context of the county's upcoming graduation from least developed country (LDC) status. The assurance came at a meeting between Finance Advis

Inflation at 5.0pc not impossible sans printed money

Inflation at 5.0pc not impossible sans printed money

Bangladesh Bank Governor Dr Ahsan H. Mansur says limiting inflation within 5.0 per cent is not an impossible task if there be no need for printing money to fund development recipe. To make it happen, he underlines continuous efforts and policy predictability. "If we continue printing money and sa

Food items remain major contributor to inflation

Food items remain major contributor to inflation

The price of food items remained the major contributor to overall inflation by 42.71 per cent, reveals the April issue of the report titled "Monthly economic Update and Outlook" prepared by the General Economics Division (GED) of the planning commission. Dr. Monzur Hossain, Member (Secretary) of t

Forex reserves drop to $ 25.68b after ACU payment

Forex reserves drop to $ 25.68b after ACU payment

Bangladesh made a routine payment equivalent to US$ 1.88 billion to the Asian Clearing Union (ACU) against imports during the March-April period of the current calendar year, officials said. Despite making such a high volume of overseas payments, the country's foreign exchange (forex) reserve stil