News

The country’s steel sector experienced a 65% jump in operational cost in the last one year due to the appreciation of the US dollar and a rise in utility bills, said Mohammad Jahangir Alam, president of Bangladesh Steel Manufacturers Association (BSMA). The US dollar’s appreciation caused the 40% rise in …

State Minister for Labour and Employment Md Nazrul Islam Chowdhury on Tuesday said a decision has been taken to provide the salary for March and festival bonuses to readymade garment (RMG) workers before the holiday of the holy Eid-ul-Fitr. The decision was taken in a meeting of the tripartite consultative …

The government on Wednesday introduced a new scheme named “Prottoy” under the Universal Pension Scheme (UPS) for newly recruited employees of self-governed, autonomous, state-owned, statutory organisations and their subordinate bodies. In a notification on Wednesday, the Ministry of Finance said the scheme will be effective from 1 July. The new …

On the occasion of holy Eid-ul-Fitr, Bangladesh Bank (BB) will start releasing new notes in the market through banks from 31 March. Common people can exchange new notes till 9 April except on weekends and public holidays. According to the central bank, from 31 March, new notes will be exchanged …

The excess liquidity in the country’s banking sector saw a decrease, falling by 5.38 per cent to Tk 1.54 lakh crore at the end of January compared to December 2023, according to Bangladesh Bank data. This decline follows a pattern of fluctuations, with the volume of excess liquidity at Tk …

The government has decided to buy 8,000 tonnes of lentil at Tk 76.64 crore and 10,000 tonnes of sugar at Tk 160 crore for the Trading Corporation of Bangladesh. The lentil will be purchased from Agrigo Trading Pvt Ltd of Chennai in India at a rate of Tk 100.8 a …

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 …