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...
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...
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 has gradually been recovering from political instability and a banking loan scam, according to a review by the Metropolitan Chamber of Commerce and Industry...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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.
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.
Finance adviser Salehuddin Ahmed on Sunday said that Bangladesh urgently needed reforms in its economy to tackle significant challenges...
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...
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.
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...
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.
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 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...
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...
China is 鈥榙etermined鈥� to continue opening up its economy to the world in 2025, a top economic planning official said Friday, as Beijing steels itself for potential trade turmoil when US president-elect Donald Trump takes office.
Migrant workers are one of the pillars of the economy of Bangladesh, which is one of the world鈥檚 largest sources of migrant labour. Millions of Bangladeshis work in different parts of the world, including the Middle East, Southeast Asia, Europe and America. Their remittances enrich the foreign exchange reserve and pull many families out of..