While proposals from anti-tobacco civil society organisations were not initially reflected in the current fiscal year’s budget, mid-year adjustments raised the maximum retail prices of cigarettes across tiers by 8–20% and imposed a uniform supplementary duty rate of 67% on all tiers. T
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
Broad-based reforms across Bangladesh's economic and institutional landscape are urgent and the country must act swiftly to avert an "existential threat", a government functionary alerts as noted economists also highlight ways of recovery from a stagflation-like situation. Lutfey Siddiqi, special
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
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
Bangladesh Bank Governor Ahsan H Mansur on Thursday said that the country's inflation rate has dropped significantly – from 14.5 per cent to 8.5 per cent-over the past nine months. The governor made the remarks while speaking as the chief guest at the opening ceremony of the Banker SME Women
Bangladesh Investment Development Authority (BIDA) Executive Chairman Chowdhury Ashik Mahmud bin Harun has said APM Terminals, a subsidiary of Danish shipping and logistics company AP Moller-Maersk, will invest $800 million in the proposed terminal at Chattogram Port’s Laldiar Char. Visiting
Speakers at a seminar on Wednesday stressed the importance of establishing a strategic partnership to facilitate Korean investment in Bangladesh. They identified a number of sectors, including infrastructure development, logistics, electronics, ICT, digital services, renewable energy and textiles,
The price of food items remained the major contributor to overall inflation by 42.71 per cent, reveals the April issue of the report titled "Monthly economic Update and Outlook" prepared by the General Economics Division (GED) of the planning commission. Dr. Monzur Hossain, Member (Secretary) of t
Bangladesh made a routine payment equivalent to US$ 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
The Executive Committee of the National Economic Council (Ecnec) on Wednesday approved a total of nine projects, including three new initiatives and six revised ones, with an estimated cost of Tk 37.56 billion. Of the total project cost, the government will provide Tk 27.98 billion, while the impl
The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved a total of nine projects involving an overall estimated cost of Taka 37.56 billion. Out of the approved nine projects, three are new while nine are revised projects. BSS report said out of the total project cos
Dhaka and Abu Dhabi are expected to start first negotiations on the proposed Comprehensive Economic Partnership Agreement (CEPA) within this month, aiming to boost bilateral trade which will help Bangladesh navigate the economic challenges in post-LDC regime, sources said. To this end, the commerc
