Bangladesh's remittance receipts touched a historic milestone in March, as expatriates funneled record volumes of foreign currency into the country to support families for the Eid-ul-Fitr festivities, even though regional conflict cast a long shadow over future inflows. According to the latest dat
Commerce Minister Khandakar Abdul Muktadir on Sunday underscored the urgency of strengthening debt management and expanding the tax net, describing them as the top priorities in the country's current economic landscape. "The government is committed to meeting public expectations and is taking effe
Bangladesh is not yet fully prepared to graduate from the Least Developed Country (LDC) category, Finance and Planning Minister Amir Khasru Mahmud Chowdhury said on Sunday. Speaking to reporters after a multi-stakeholder consultation at the NEC conference room in Sher-e-Bangla Nagar, he said the c
The American Chamber of Commerce in Bangladesh (AmCham) has called for sweeping tax reforms, greater policy predictability, and faster digitalisation of revenue administration to align Bangladesh’s revenue mobilisation with economic growth. The recommendations were placed at a pre-budget dis
Finance and Planning Minister Amir Khosru Mahmud Chowdhury on Sunday warned that prices of essential commodities in Bangladesh are set to rise in the coming days due to ongoing global supply chain disruptions triggered by the Middle East conflict. “Due to the supply chain crisis, not only fu
The surplus in Bangladesh's trade in goods and services with the European Union rose by nearly 10 per cent in fiscal year 2024-25, underpinned by robust export growth, particularly in goods, despite rising outflows in services. The development highlights both the strength of the country's export e
The government on Saturday endorsed the urgent import of 0.1 million tonnes of diesel from Kazakhstan, and two cargoes of LNG from Singapore to bolster national energy reserves amid the Gulf crisis. The decision was finalised during back-to-back online meetings of the Cabinet Committee on Economic
The Cabinet Committee on Economic Affairs today (Saturday) approved three separate proposals in principle for procuring some 16 lakh metric tons of diesel and one lakh metric tons of octane to meet the growing demand for energy in the country amid global geopolitical instability. The approvals cam
Finance Minister Amir Khasru Mahmud Chowdhury on Friday called for strict adherence to government-declared fuel austerity measures in response to the global energy crisis triggered by the ongoing Middle East war. "The conflict in the Middle East has evolved into a global crisis, with its ripple ef
Bangladesh has received a record $3.75 billion in remittances in March, the highest for a single month in the country’s history, according to the latest data from the central bank. The figures released by Bangladesh Bank on Thursday show a 13.98 percent year-on-year growth in expatriate inco
Bangladesh's development-budget execution has shown modest improvement in the current fiscal year (FY 2025-26), with public agencies completing just over 30 per cent of planned spending in the first eight months. However, the overall pace remains below pre-2024 levels, as weak performance in sever
The large-scale manufacturing (LSM) sector contracted sharply in December last, underlining mounting pressure on the country's industrial base amid weak exports and rising global uncertainties. Output in the sector fell 6.34 per cent year on year in December of the current fiscal year, according t
Finance Minister Amir Khosru Mahmud Chowdhury has said the new government is facing a “three-way challenge” in managing the economy—fragile fiscal conditions, rising expenditure pressures, and external shocks. Speaking to reporters after an internal meeting at the National Board
