Bangladesh Purchasing Managers’ Index (PMI) for the month of August, jointly released by Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka and Policy Exchange Bangladesh (PEB), has indicated improvement in the general economy. While still in contraction mode with a reading below 50
Finance and Commerce Advisor Salehuddin Ahmed has urged tax officials at the National Board of Revenue (NBR) to intensify efforts in boosting revenue collection, warning that foreign investment may not come in significant amounts. “Foreign investment will not be readily available. We need to
Bangladesh Bank has appointed Husne Ara Shikha, an executive director of the central bank, as its spokesperson. The decision was taken on Thursday, according to an office order. Husne Ara Shikha, who joined the central bank as an assistant director in 1996, replaced Md Mezbaul Haque as the spokes
Bangladesh sees a boom of embedded finance industry, with a projected annual growth of 28.5 per cent to a market size of US$817.1 million by 2024. This expansion is closely linked to the rise of e-commerce companies, supported by comprehensive sector analysis across key segments such as embedded l
The Governor of Bangladesh Bank, Dr. Ahsan H Mansur, has urged the public to maintain confidence in the nation's banking sector, highlighting significant ongoing reforms aimed at stabilizing and improving financial institutions, reports UNB. In a message sent directly to the mobile phones of bank
Formal credit to the private enterprises increased significantly in July, which money market analysts termed 'very surprising' as overall economic activities were almost halted in that month because of mass uprising that led to the fall of Sheikh Hasina government on August 5, 2024. Seeing the cre
The government has formed a 12-member taskforce to reframe the development strategies, aiming to attain anti-discriminatory sustainable development, reports UNB. The taskforce, titled "Re-strategising the economy and mobilising resources for equitable and sustainable development", will be le
Bangladesh Bank (BB) has paid USD $1.37 billion in import liabilities of member countries of the Asian Clearing Union (ACU) for the last two months of July and August. After paying the ACU’s liabilities, the central bank's foreign exchange reserves stood at $19.46 billion on Tuesday as per t
The US is set to launch economic talks this week with Bangladesh's interim government, including its leader, Nobel Peace Prize laureate Muhammad Yunus, reports Reuters on Tuesday citing The Financial Times. "The United States is optimistic that, by implementing needed reforms, Bangladesh can
Foreign-exchange reserves fall further as Bangladesh clears due import payments worth to US$ 1.37 billion through the Asian Clearing Union (ACU), but officials dispel any worry about this. After the clearance of import liabilities, the country's gross forex reserves dropped below $20-billion mark
The National Board of Revenue (NBR) resumes the online tax-return system today (Monday) in a bid to facilitate individual taxpayers to submit their tax returns (e-return) for fiscal year (FY) 2024-25. A press statement from the NBR says the system introduced in 2021 has facilitated some 61,491 tax
The interim government will try to ensure optimum utilisation of foreign loans by investing in the priority projects, Finance Advisor Dr Salehuddin Ahmed said on Sunday. He said there was a lack of the best use of foreign loans during the last government because the priority projects were suppress
Bangladesh Bank Governor Ahsan H Mansur has assured the public that no bank will become insolvent. He detailed the central bank’s plans to evaluate the financial health of banks and implement necessary reforms during a press conference on Sunday. “The central bank will initially asses
