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 two divisions of the National Board of Revenue (NBR) -- Revenue Policy and Revenue Management – will be introduced during the tenure of the interim government, NBR Chairman Md Abdur Rahman Khan says. He expects the two divisions to begin operating soon once the remaining bureaucratic pro
Bangladesh's economy continues to face significant stress from persistent inflation, weak investor confidence, limited fiscal space and external uncertainties, even as some indicators point to the prospect of a gradual recovery in the coming months, according to the Bangladesh State of the Economy
Bangladesh has so far received US$17.34 billion in 106 projects from the Asian Development Bank (ADB), including nearly $6.0 billion for 36 gas-focused schemes that collectively support 3,659MW generation capacity, a new study has revealed. Civil society groups say this long-standing reliance on f
Bangladesh's Purchasing Managers' Index (PMI) declined by 7.8 points to 54 in November last over the previous month, reflecting a slower expansion in key economic sectors. A PMI reading above 50 indicates that the sector/economy is generally 'expanding' while a reading of 50 indicates 'no change'
Inflation edges up in Bangladesh as some pricier key consumer items drive November count to 8.29 per cent, overshooting the central bank's 6.5-percent annual target for this fiscal year. According to official data released Sunday, the month's reading was 0.12-percentage-point higher than October's
The November reading of the Bangladesh Purchasing Managers' Index (PMI) registered a slower rate, but still an expansionary level of 54.0. This latest PMI reading was attributed to a slower expansion rate for all the key sectors of agriculture, manufacturing, construction, and servic
The rate of inflation has edged up by 0.12 percentage point to 8.29 per cent in November on point to point basis, even though the central bank has been pursuing a tight monetary stance. In October ,the inflation was 8.17 per cent. This is mainly due to higher food inflation that p
After a three-year pause, Germany and Bangladesh will resume their bilateral consultations on development cooperation in Dhaka on Tuesday, officials said on Saturday. Officials say the discussions are expected to pave the way for renewed financial and technical support from Europe's largest econom
Bangladesh Bank Governor Dr Ahsan H Mansur on Thursday said the country's economic policy is independently formulated and not dictated by the International Monetary Fund (IMF) or the World Bank. "If we follow their prescriptions blindly, the exchange rate could surge to around Tk 170-180 per US do
Bangladesh's long-standing gains in agricultural productivity are beginning to lose momentum as climate stresses, rising input costs and shrinking arable land erode farmers' profitability. A new study by the Bangladesh Institute of Development Studies (BIDS) warns that the country's agrifood syste
Bangladesh received its highest monthly remittance inflow of the current fiscal year FY 2025-26, crossing US $2.88 billion November.This substantial inflow translates to an average daily remittance of approximately $96.3 million. In the five month of the current fiscal year Bangladeshi expatriates
The government has given final approval to two separate projects involving Tk 21.06 billion to construct 2,364 residential flats for injured protesters who can no longer work and for the families of those killed during last year’s anti-discrimination student movement. The Executive Committee
