Industrial stagnation and shrinking private investment have caused 1.4 million (14 lakh) people to lose jobs, leaving them “wandering on the streets without employment,” Ha-Meem Group Managing Director and former FBCCI president A.K. Azad said on Saturday. Speaking at the opening sessi
The World Bank approved $150.75 million to help Bangladesh scale up support to create employment, opportunities and better income for low-income youth and microentrepreneurs, with a focus on women and those living in climate-vulnerable areas. The additional financing to the Recovery and Advancemen
Sylhet division has become the worst victim of regional disparity in the banking sector, with the region witnessing the lowest inflow of bank credits despite its immense potential. While people in the four districts of the division contribute significantly to the deposit portfolio of the banking s
The Bangladesh government and the World Bank's (WB) soft-lending arm International Development Association (IDA) recently signed four agreements with relevant stakeholders to secure loans of $350 million. State-run Petrobangla had inked project agreement and facility agreement with the IDA and thr
Long 17 years' wait for an energy-boosting facility ends with the endorse of a project for building a second unit of the Eastern Refinery planned for augmenting Bangladesh's crude-oil-refining capacity. The Executive Committee of the National Economic Council (ECNEC) approved the "Modernisation an
Loan and advance disbursements by non-bank financial companies (NBFCs) continued to decline in the July-September period of 2025, extending a downward trend that began after peaking in the first quarter of the year, despite remaining well above last year's levels. Total disbursements of economic-p
People's income-sapping inflation is expected to steadily fall below 7 per cent by June 2026, healed by contractionary monetary policy, fiscal restraint and improving balance across key economic indicators. Such a feel-good ambiance of economic rebound from previous slowdown comes clear from a gov
The central bank purchased an additional US$60 million from four banks through an auction on the interbank spot market on Sunday, aiming to keep the exchange rate of the US dollar against the taka stable. The amount was bought under the multiple price auction method, with a cut-off rate of Tk 122.
National Board of Revenue (NBR) Chairman Abdur Rahman Khan has hinted at the possibility of further extension of income-tax return-submission deadline, as many registered taxpayers are yet to file their returns digitally. Speaking about the possible extension, Mr. Khan mentioned that the NBR would
In a strategic move to stimulate credit flow to vital sectors of the economy, Bangladesh Bank (BB) has announced a significant reduction in provisioning requirements for short-term agricultural and small-scale enterprise credits. According to a directive issued on Sunday, the central bank has deci
A flagship government initiative to expand technical and vocational education across Bangladesh has stalled badly, with construction of Technical School and Colleges (TSCs) yet to begin in hundreds of upazilas despite repeated deadline extensions and sharp cost escalations. Officials say the prolo
Bangladesh's fiscal landscape is facing a significant strain as the government's expenditures on subsidies and incentives surged over the last several fiscal years. This sharp spike is largely attributed to a massive backlog of arrears in the power sector and the rising costs of agricultural input
Regulatory foreign-exchange-market intervention pays off as Bangladesh's reserves stay steady for guided exchange and dollar buy from banks as a stabilising measure, sources say. The country's foreign-exchange reserves show a rebound following the Bangladesh Bank's market intervention to keep taka
