The International Monetary Fund (IMF) has cautiously hailed Bangladesh's recent foreign-exchange -reserves buildup, pending a spot-check as to whether the modalities of market operations are consistent with the Fund-prescribed exchange regime. An IMF mission is scheduled to visit Dhaka this week f
The government is preparing to reduce foreign project aid in the current fiscal year's Annual Development Programme (ADP) as ministries and divisions continue to lag behind in project execution. Officials said consultations will begin next week to reassess how much of the Tk 860 billion project ai
Dhaka district alone contributes nearly 46 per cent of Bangladesh’s total Gross Domestic Product (GDP), valued at $462 billion in the fiscal year 2024–25, according to a new analysis by the Dhaka Chamber of Commerce and Industry (DCCI). The study found that per capita income in Dhaka d
Bangladesh adopts a time-bound implementation roadmap on aggressive tariff overhauls, including deep cuts, to rationalize the country's trade regime to play tidily on the global market in post-graduation era. The government has formally adopted the roadmap in its National Tariff Policy (NTP), sour
Highlighting the importance of green development, Chinese Ambassador to Bangladesh Yao Wen on Thursday said China stands ready to work with all countries, including Bangladesh, to build a more open, inclusive and mutually beneficial global economy, so that the fruits of cooperation can benefit peop
Nepalese Ambassador to Bangladesh Ghanashyam Bhandari has emphasised deepening bilateral cooperation in areas, including trade and investment, energy, education, tourism, people-to-people connections, and LDC graduation. He delivered a lecture titled 'Nepal-Bangladesh Relations: Pathways for Enhan
The Bangladesh Investment Development Authority (BIDA) has urged Korean investors to leverage Bangladesh's dynamic investment landscape, highlighting the country's strategic advantages and ongoing pro-business reforms aimed at facilitating foreign direct investment (FDI). At an investment seminar
The Executive Committee of the National Economic Council (ECNEC) on Tuesday declined to give its nod to an infrastructure-development project in 'haors' of greater Sylhet and Mymensingh, fearing environmental impact. The ECNEC, the highest government authority for approving development projects an
Bangladesh's economy shows signs of cautious stabilisation, but investment momentum remains sluggish as the private-sector credit growth weakens and borrowing costs remain high, according to a report of the General Economics Division (GED) under the Planning Commission. Released on Tuesday, the Oc
Inflow of remittances witnessed a year-on-year growth of 7.1 per cent, reaching US$1780 million in the first 20 days of October, according to the latest data of Bangladesh Bank (BB) issued on Tuesday. Last year, during the same period, the country's remittance inflow was $1,661 million. During th
The financial health of Bangladesh’s banking sector has worsened sharply, with troubled banks facing a combined capital shortfall exceeding Tk 1.55 trillion in the June quarter. This alarming figure marks a sharp increase from the Tk 1.1026 trillion (Tk 110,260 crore) deficit recorded in the
The Bangladesh Association of Pharmaceutical Industries (BAPI) has said the country's pharmaceutical industry faces a potential financial loss of around Tk 40 billion due to the fire in the Cargo Village at Dhaka's Shahjalal International Airport. Leaders of the organisation presented the figure
The volume of uninvested cash in the country's banking system keeps rising in recent months, signalling a slow rebound in their liquidity situations against the backdrop of a sluggish investment regime. Officials and money market experts said the inflow of deposits in the banking channel continues
