Bangladesh's readymade garment (RMG) exports hit an impressive $38.48 billion in 2024, showcasing the sector's ongoing success. The European Union remained the largest market, accounting for 50.34% of total RMG exports, valued at $19.37 billion. The United States followed with $7.2 billion (18.72
The World Bank has lowered Bangladesh's economic growth projection to 4.1 per cent in the current fiscal year (FY) 2024-25, according to a report. In June last year, the global lender predicted the gross domestic product (GDP) growth at 5.7 per cent, the January 2025 edition Global Economic Prospe
Due to “increased interest” from banks, interest rates on Treasury bills and bonds have been reduced by 10 to 29 basis points. According to information published on the Bangladesh Bank website, banks offered Tk 180 billion for the government-backed five-year bills and bonds at the late
The advisory committee to initiate reforms in the National Board of Revenue (NBR) has recommended that the taxmen frame predictable tax policy and consider introduction of presumptive taxes on Small and Medium Enterprises (SME). At a meeting with the Economic Reporters Forum (ERF), the panel membe
Governor of the Bangladesh Bank Dr Ahsan H Mansur has assured business leaders that inflationary pressure will fall due to various regulatory interventions, according to a press release issued by a leading business body. He shared his optimism that people will enjoy the outcomes of the inflation-c
Bangladesh's current- account deficit under the balance of payments narrowed to Tk 698.81 billion at the end of FY24, a significant improvement from the Tk 1.085-trillion deficit recorded in the previous financial year. The more than 35 per cent reduction was primarily driven by a 5.2 per cent inc
Finance adviser Dr Salehuddin Ahmed says his government is not able to pay attention to each and every problem in the country. "We can't take care of everything," he said in reply to a query on the impacts of proposed gas price hike for industrial consumers. Mr Ahmed talked to the media after a m
Dr Debapriya Bhattacharya, distinguished fellow of the Centre for Policy Dialogue (CPD) and convenor of the Citizen’s Platform for SDGs, Bangladesh, observed that the interim government has introduced greater transparency in the current economic situation, offering a lesson for upcoming gover
Bangladesh Bank (BB) is considering raising the policy interest rate again as the nation grapples with persistently high inflation and increasing living costs. "The central bank typically increases the repo rate, considered the policy interest rate—to curb high inflation. An announcement may
The Department of National Savings (DNS) has resumed its services, including the sale and redemption of savings certificates, following the completion of a server upgrade. The upgrade work caused a suspension of all savings certificate transactions for about six days. DNS officials confirmed that
Bangladesh’s development work has been ramping up, but the ‘go slow’ policy adopted by the interim government since the change of power has meant that the implementation of the Annual Development Plan (ADP), stands at 18 per cent in the first six months of the fiscal year. At lea
Bangladesh's foreign debt stock has exceeded $104 billion, with the government and public sector loans totalling $84.45 billion. The remaining $19.91 billion has been taken by the private sector, bringing the total foreign debt to $104.36 billion. Bangladesh Bank released this data in a report on
The sales of saving all types of savings certificates which remained suspended since last Thursday due to software upgrades are likely to resume on Thursday. Savings Certificate Director of the Department of National Savings (DNS) Mohammad Shariful Islam told UNB that the software upgrade work is
