Current News

Shrimps, popularly referred to as “white gold” due to being one of Bangladesh’s most valuable export items, may face significant pressure from competitor nations after the country graduates from Least Developed Country (LDC) status in 2026. After graduating to a developing country, the nation will be required to remove subsidies …

Spending under the annual development programme (ADP) has been going slow in the current fiscal year (FY), with implementing agencies using just 31.17 percent of the total allocation till February this year, showed official figures. In the first eight months of FY2023-24, the government managed to spend just Tk 85,603 …

Exorbitant prices! Unbearable!! These are among the words that have dominated public discussions in Bangladesh in the past two years. And the discontent of a majority of the population is growing since they are not getting any relief from higher inflation. Inflation, in general, has stayed at an elevated level …

The profitability of the banking sector in Bangladesh is the lowest in South Asia due to the prevalence of higher non-performing loans, lower efficiency, and an elevated level of costs of funds. The return on assets (ROA), also known as profitability, was 0.52 percent in Bangladesh in 2022 and it …

Brac Bank has signed a participation agreement with Bangladesh Bank to avail Credit Guarantee facility to support women and agro-based product processing entrepreneurs. This facility will support women entrepreneurs in small enterprises, and the agro-processing industry under Bangladesh’s refinance scheme. Selim RF Hussain, managing director & CEO, Brac Bank, and …

A total of 64% respondents from a recent survey believed that fraudulence or market manipulation was the most critical ethical issue the Bangladesh capital market was facing. According to the survey, 37% of respondents voted for the capital market’s performance in 2023 as “really bad” and 29% as “bad”, with …

In a recent report by the Fair Labor Association (FLA), they said buyers must commit to ensuring that costing and purchase orders accommodate the new minimum wage standards of TK12,500 and TK12,800 in Export Processing Zones (EPZs). The study emphasises the importance of adjusting purchase orders to cover labour costs, …

The prices of onions have seen a significant decline in different regions of the country in the last two days, attributed to a sharp increase in the arrival of this essential cooking item in the market. Some dishonest traders have built stocks of onions to make extra profit during the …

Amid ongoing efforts to bolster foreign currency reserves and stimulate remittance inflow into the country, the International Monetary Fund’s (IMF) proposition to eliminate tax benefits on remittances has elicited a wave of disapproval from experts. Concerns abound that such a move could inadvertently drive these crucial funds into clandestine channels. …

Despite their tireless efforts to ensure food securities for the nation, farmers themselves are among the most vulnerable to food insecurity – struggling to put enough food on their own tables. The latest report by the Bangladesh Bureau of Statistics (BBS) titled “Food Security Statistics 2023” reveals that 26.13% of …