Pvt sector credit growth plunges
Private sector credit growth in Bangladesh fell sharply to 7.15 per cent in January, deepening challenges in the banking sector and the broader economy...
Tags : Economy
Women鈥檚 participation in economy stressed
Speakers at a webinar today said that in order to eliminate gender disparity, it is imperative to focus particularly on boosting women鈥檚 participation in the economic sector...
Investing in green factories
BANGLADESH鈥橲 apparel sector has long been the backbone of the economy, employing millions and accounting for over 80 per cent of the country鈥檚 total exports. However, the global apparel market is changing. Buyers no longer prioritise just low-cost production; sustainability has become a key factor. As international brands push for ethical and eco-friendly...
Bangladesh鈥檚 migration crisis
FOR decades, Bangladesh鈥檚 economy has been fuelled by remittances sent by millions of its migrant workers. These men and women, mostly employed in low-wage sectors in the Gulf states and Malaysia, work tirelessly in construction, domestic service, and factories, sending home billions of dollars each year. In 2024, Bangladesh received almost $27 billion in...
Shafiqul terms Bangladesh鈥檚 economic turnaround as miracle
Chief adviser鈥檚 press secretary Shafiqul Alam on Wednesday said that the way Bangladesh鈥檚 economy has made a turnaround within six months is just a 鈥榤iracle鈥�...
Bangladesh鈥檚 economy stabilising on exports and remittances: MCCI review
Bangladesh鈥檚 economy has gradually been recovering from political instability and a banking loan scam, according to a review by the Metropolitan Chamber of Commerce and Industry...
Uneven competition with banks hinders NBFIs鈥� growth
The country as a whole is going through one of the most difficult periods, created by the previous authoritarian regime through corruption and money laundering and it has left a deep scar on Bangladesh鈥檚 overall economy and financial system...
Country鈥檚 economy in positive trend: BIDA chief
Bangladesh Investment Development Authority executive chairman Chowdhury Ashik Mahmud Bin Harun said that there was a positive trend in the country鈥檚 economy in the past six months...
BANGLADESH ECONOMY: Turning demographic challenges into opportunities
SPEAKING at the recent annual conference of the Bangladesh Administrative Service Association, Chief Adviser Dr Muhammad Yunus has emphasised the need to create opportunities for young people, asserting that Bangladesh鈥檚 large population is not a burden but a valuable resource...
Flagrant corruption in agricultural sector
THE agricultural sector has long been considered the backbone of Bangladesh鈥檚 economy. It provides sustenance and employment to millions. However, in the current context of diverse employment opportunities, modernising and mechanising this critical sector is urgently needed. The Awami League government鈥檚 ambitious 鈥楢gricultural Mechanisation through...
High inflation indicates a fragile national economy
BRITISH economist Lionel Charles Robbins said in the 80s, 鈥業f the average inflation of a country exceeds 4.2 per cent, then there is no more economy in that country.鈥� Inflation was 4.6 per cent in the last fiscal year of the Bangladesh Nationalist Party-led four-party coalition government. Inflation started increasing after the authoritarian leader Sheikh Hasina came to power...
RMG must evolve beyond cheap labour
THE ready-made garments sector has been the backbone of Bangladesh鈥檚 economy for decades, transforming the country into a global hub for apparel manufacturing. From its humble beginnings in the late 1970s, the industry has grown to become the second-largest apparel exporter in the world, contributing over 80 per cent of Bangladesh鈥檚 total exports and...
Bangladesh Bank predicts sluggish economy in FY25
The Bangladesh Bank is not optimistic about the country鈥檚 economic outlook for the 2024-25 financial year as the central bank on Monday predicted economic growth would remain sluggish at about 4-5 per cent in FY25 due to a host of challenges...
TASK FORCE REPORT ON ECONOMY: Underfunding keeps blocking effective road maintenance
Persistent underfunding continues to hinder effective road maintenance, resulting in deteriorating road conditions and increased costs for repair and rehabilitation, according to a task force report...
Economy improves, inflation, bank sector, worker unrest pose risks
The overall economy has been improving for the past six months, but worker unrests, inflation and fragile banking sector still pose risks, according to a Finance Division report released on Sunday...
China economy gets New Year boost
China鈥檚 sluggish domestic consumption got a boost over the weeklong Lunar New Year holiday, with travel and retail sales聽both offering a slight reprieve to a dragging economy facing the prospect of an escalating US trade war...
Ban on on-campus student politics is no solution
A TASK force that the government instituted in September 2024 submitted its report, Re-strategising the Economy and Mobilising Resources for Equitable and Sustainable Development, on January 30. The task force, composed of 12 members, in the sixth chapter of the report titled 鈥楻eaping the Benefits of Demographic Dividends: Investment in...
Task force for banning student politics on campus
A recently published task force report on re-strategising the economy recommended that the government should develop and implement a single university admission test for all public and private universities in the country...
Task force emphasises research, innovation to diversify economy
The task force report on re-strategising the Economy and Mobilising Resources for Equitable and Sustainable Development said that Bangladesh can boost its economy by using innovation and R&D to diversify, improve productivity, and add value to its products...
India forecasts slowing growth
India鈥檚 economy will grow 6.3-6.8 per cent in the next fiscal year, a government report said on Friday, among the top-performing countries globally but sluggish compared with recent performance.
REPORT ON RE-STRATEGISING ECONOMY: Task force for withdrawal of SD, surcharges on internet
The task force report on re-strategising the Economy and Mobilising Resources for Equitable and Sustainable Development recommended that the government immediately withdraw 20 per cent supplementary duty and 2 per cent surcharge on the Internet.
Economic reforms should get priority: Salehuddin
Finance adviser Salehuddin Ahmed on Sunday said that Bangladesh urgently needed reforms in its economy to tackle significant challenges...
Govt should renegotiate power deals early to save economy
THE capacity charge, which the government pays independent and rental power plants when they sit idle as a guarantee of returns on investment coupled with profits, is set to reach Tk 380 billion in the 2025 financial year.聽 This is a 46 per cent, or Tk 120 billion, increase on the capacity charge of Tk 260 billion that the government paid the power producers in the...
Customs key to strengthening economy: Yunus
Chief adviser professor Muhammad Yunus hoped that the Bangladesh Customs would play a pioneering role in strengthening the country鈥檚 economic base and thus building an enriched state coffer...
Taiwan economic growth accelerates in 2024
Taiwan鈥檚 economy expanded four times faster than the year before in 2024, government data showed Friday, thanks to global demand for the island鈥檚 high-tech exports.
Teacher shortage in technical institutions unacceptable
A SERIOUS shortage of teachers in government technical and vocational educational institutions is unacceptable. It shows the government鈥檚 lack of commitment to a sector that has a high potential to contribute to the economy. About three-fourths of the sanctioned positions for teachers in government technical and vocational educational institutions have been...
UK finance minister begins China visit
British finance minister Rachel Reeves began a visit to China on Saturday, seeking to revive dialogue with the world鈥檚 number two economy as UK borrowing costs soar.
Farmers at a crossroads
AS AN agrarian nation, Bangladesh鈥檚 economy is deeply intertwined with the agricultural sector. Agriculture remains the primary source of income for many, with a significant portion of the population depending on it. According to Bangladesh鈥檚 2018 Economic Survey, agriculture employs 40.6 per cent of the workforce and contributes 14.10 per cent to...
German factory orders fall
German industrial orders fell 5.4 per cent in November, official data showed on Wednesday, in the latest sign of the headwinds facing Europe鈥檚 largest economy...
Pvt sector credit growth plunges to 7.66pc
Private sector credit growth in Bangladesh fell sharply to 7.66 per cent in November, the lowest in 41 months, intensifying challenges in the banking sector and the broader economy...