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Debt servicing consumes nearly half budget Rising borrowing intensifies fiscal pressure Weak revenue mobilisation undermines development stability Chronic underinvestment threatens social protection The country spent more than $26 billion on servicing domestic and foreign debt in fiscal year (FY) 2023-24, nearly half of its national budget, leaving limited room for …

Import payments outpace sluggish export earnings Current account deficit widens by 17 percent Trade gap rises amid Ramadan demand Financial inflows lift overall payment surplus Bangladesh’s import bill is growing faster than its export earnings, widening the current account deficit and putting renewed pressure on the country’s external finances. According …

Potato acreage drops sharply amid losses Farmers scale back cultivation to survive Oversupply drove prices below production cost Reduced planting signals lower supply ahead After suffering staggering losses from a bumper harvest and low prices this year, potato farmers across Bangladesh are going for reduced cultivation to avoid a repeat …

The Institute of Chartered Secretaries of Bangladesh (ICSB) yesterday recognised 43 companies for their outstanding performance in establishing corporate governance. ICSB gave the awards in 14 categories with its 12th ICSB National Award for Corporate Governance Excellence, 2024, at an event held at Pan Pacific Sonargaon, Dhaka. The winning companies …

Navigability crisis reduces foreign vessel arrivals Rapid siltation undermines costly dredging efforts Coal imports disrupted, costs and delays rise Terminal, bridges under construction to improve access Payra port, the country’s third seaport after Chattogram and Mongla, is facing a navigability crisis that has disrupted vessel movement and sharply reduced foreign …

As Bangladesh’s economy continues to grow, the importance of a transparent and accountable revenue system has become increasingly evident. In this context, Section 264 of the Income Tax Act provides clarity on how the state’s taxation framework functions and why it is crucial for citizens to comply with its provisions. …

LNG imports planned higher amid falling prices Government eyes expansion despite capacity constraints Long-term deals secured with Qatar, Oman Domestic gas output declining, demand rising Bangladesh is preparing to ramp up its liquefied natural gas (LNG) imports as global spot prices soften and local gas output continues to fall behind …

The US jobless rate picked up again in November, hovering at its highest level in four years, official data showed Tuesday in a report underscoring a labor market cooldown in the world’s biggest economy. The report, delayed by a lengthy government shutdown, also indicated that the US economy lost 105,000 …

Ministry warns traders against false declarations Garments mislabelled imported to inflate prices Authorities may seize, fine or cancel Taskforces deployed to monitor Eid sales The commerce ministry is gearing up to take action against traders accused of cheating consumers through false declarations of goods, particularly garments, ahead of the Eid-ul-Fitr …

Ministry warns traders against false declarations Garments mislabelled imported to inflate prices Authorities may seize, fine or cancel Taskforces deployed to monitor Eid sales The commerce ministry is gearing up to take action against traders accused of cheating consumers through false declarations of goods, particularly garments, ahead of the Eid-ul-Fitr …