Bangladesh's business activity lost momentum in March, with the latest Purchasing Managers' Index (PMI) pointing to a slowdown across key sectors. While the economy continues to expand overall, emerging weaknesses in manufacturing and construction are raising concerns about the durability of
Dhaka Chamber of Commerce and Industry (DCCI) President Taskeen Ahmed on Thursday warned that the ongoing global energy shock could impose an additional Tk 610 billion annual burden on Bangladesh and significantly strain the country’s economy, urging immediate strategic interventions.
Bangladesh has attracted fresh investment interest from Indonesia-based firm Japfa Ltd, particularly in the agriculture and poultry sectors, during a meeting with Commerce Minister Khandakar Abdul Muktadir on Wednesday.At the meeting held at the ministry, both sides discussed ways to strengthen bil
The government borrowed Tk 50 billion in a single day on Wednesday through a special auction of 91-day treasury bills (T-bills) to partially meet its budget deficit. The yield on the T-bills rose to 10.04 per cent on the day, up from 9.85 per cent earlier, according to the auction results. "The y
Bangladesh's readymade garment sector is facing mounting pressure as the ongoing Middle East conflict disrupts supply chains, drives up input costs and dampens global demand. Industry insiders say the impact is being felt across the entire value chain, from raw-material sourcing to shipment
A challenging economic landscape of Bangladesh is drawn by the World Bank that downgrades the country's GDP growth to 3.9 per cent for the current fiscal year, citing some headwinds. The Washington-headquartered development financier warns that the Middle-East turmoil may push an additional
Bangladesh's economic structures have shown a complex shift as the share of manufacturing has declined despite a little gain in employment, the 2024 Economic Census report says. While the total number of economic units has surged to over 11.70 million from 7.82 million in 2013, the manufacturing s
Prime Minister Tarique Rahman has requested the United Nations to defer Bangladesh's graduation from the Least Developed Country (LDC) category by at least three years to ensure a sustainable transition amid internal and external shocks. The premier on Sunday wrote to UN Secretary-General Ant&oacu
The National Board of Revenue (NBR) has moved to automate the verification of commercial invoices to prevent revenue leakage and streamline the import-export process. The NBR has integrated its "Asycuda world" system with the Bangladesh Bank’s (BB) "Foreign Exchange Transaction Management Sy
Inflow of remittances witnessed a year-on-year growth of 28.6 percent reaching US$660 million in the first six days of April, according to the latest data of Bangladesh Bank (BB) issued today (Tuesday). Last year, during the same period, the country's remittance inflow was $514 million, BSS re
Civil society groups on Tuesday demanded the scrapping of the proposed 'Microcredit Bank Ordinance–2025', introduced by the interim government to bring microfinance institutions under a banking framework in the name of regulation.They argued that the ordinance represents a clear blueprint to
The reading of the Bangladesh Purchasing Managers’ Index (PMI) declined by 2.2 points to 53.5 in March compared to the previous month, indicating a slower pace of expansion. The latest reading released just a few hours back was primarily driven by weaker growth in the agriculture sector, whi
The Economic Census 2024 report highlights a significant shift in the country's economic structure, most notably a sharp decline in the share of the manufacturing sector over the last decade. The census data of the BBS reveals several on Tuesday that while the total number of economic units grew b
