Bangladesh's informal sector, which employs more than 85 per cent of the country's labour force, remains largely excluded from formal labour laws, leaving millions vulnerable to unsafe conditions, exploitation, and economic insecurity. Domestic workers, home-based garment workers, tea plantation w
Bangladesh and Malaysia on Sunday emphasised enhancing trade and economic relations, acknowledging the potential for growth in bilateral trade. High Commissioner of Malaysia Mohd Shuhada Othman called on the Special Envoy on International Affairs to the Chief Adviser Lutfey Siddiqi this morning at
Bangladesh Bank Governor Dr Ahsan H Mansur said on Sunday that Bangladesh has made significant progress in the development of its financial sector though there have been numerous shortcomings that necessitate a thorough self-assessment. “The banking sector of Bangladesh has progressed a lot.
The National Board of Revenue (NBR) has decided to launch a door-to-door campaign aimed at improving Value Added Tax (VAT) collection, as the revenue inflow from this sector looks to be “unsatisfactory”. According to data provided by the NBR, VAT collection up until October stood at Tk
Bangladesh’s banking sector endured a catastrophic year in 2024, grappling with an acute liquidity crisis and record-high non-performing loans (NPLs). Depositors’ trust in banks has been severely shaken as many faced unprecedented difficulties withdrawing their hard-earned savings, rep
With 2024 nearing its end, one of the year's most disturbing events remains to be the prolonged internet shutdown during the July mass uprising in Bangladesh, which not only disrupted communication but also caused an estimated loss of Tk 20 billion to the nation's ICT and e-commerce sectors. The i
The government is planning to lower the age limit for investing in Poribar Sanchayapatra (Family Saving Certificate) to facilitate purchasing such tools by the pensioners. In this regard, the Internal Resources Division (IRD) has recently sought opinion from the Finance Division whether the measur
The decline in the no-frill account (NFA) deposits during the July-September 2024 quarter could potentially limit access to credit for low-income individuals and small businesses. A latest Bangladesh Bank report revealed total deposits in the Tk 10/50/100 accounts stood at Tk 45.32 billion in the
The International Finance Corporation (IFC), a member of the World Bank Group, has partnered with Meghna Re-Rolling & Steel Mills Limited (MRSL), a sister concern of Meghna Group of Industries (MGI), to establish Bangladesh's first climate-smart steel plant. This state-of-the-art facility will pro
The country risks plunging into an economic crisis in the coming days if the government fails to accelerate public and private investments within the shortest possible time, analysts have warned. According to Planning Adviser Dr Wahiduddin Mahmud, private investment remains stagnant in the country
Experts at a workshop held recently put emphasis on the need for evidence-based policies that prioritize regional demands, improve governance in subsidy distribution, and create a supportive environment for local industries. They maintained that achieving sustainable agricultural mechanisation wou
Finance Adviser Dr Salehuddin Ahmed on Saturday said the government is working to establish a national single window that will centralise all relevant data for businesspeople. "Currently, businesspeople have to visit multiple places to gather information. The single window will provide all require
As the Economic Census is going on across the country, the national statistical organisation is struggling to collect data especially from the medium to large industrial and commercial units. Most of the enterprises in the segment are reluctant to share necessary information with the enumerators,
