Bangladesh’s economy is in crisis due to domestic and external shocks, and graduation from the category of Least Developed Countries (LDCs) this year will worsen the situation due to several risks, according to a government document. The paper identified the risk of disruptions to oil supplies, higher prices amid the …
Read More »Skills mismatch, digital shift demand urgent labour policy reforms: CPD
Bangladesh needs urgent policy reforms to prepare its workforce for the technological and structural changes that will reshape jobs over the next decade, experts said at a global webinar organised by the Centre for Policy Dialogue (CPD). “The world of work is changing. The labour ecosystem is changing, and the …
Read More »Cashless Bangladesh begins with Bangla QR
Bangladesh’s transition to a digital economy is no longer a distant ambition. Mobile financial services, internet banking, e-commerce and instant payments are already changing how millions of people conduct everyday transactions. The introduction of Bangla QR is another important step towards a cash-lite, inclusive and interoperable payment system. Since July …
Read More »GP logs lowest H1 profit in at least 4yrs
Grameenphone has announced a 105 percent interim cash dividend for its shareholders despite reporting lower revenue and profit in the first half of the year than in the same period last year. The listed telecom operator posted revenue of Tk 3,982 crore in the second quarter of 2026, down 3 …
Read More »Reports of suspicious transactions rose 74% in FY25
The Bangladesh Financial Intelligence Unit (BFIU) received 30,199 reports of suspicious financial activities and transactions in fiscal year 2024-25, up 74 percent from a year earlier and the highest number since FY21, according to its annual report. While revealing the report at a press conference yesterday, BFIU Chief Iqtiaruddin Md …
Read More »What’s new in the Income Tax Bill 2023?
The recently passed Income Tax Bill 2023 on Sunday, includes various changes for individuals, businesses, and corporations. Tax returns have been simplified for everyone. Currently, 29 different types of documentation must be submitted when filing a company’s tax return. It is being reduced to 12. Apart from individuals, all other …
Read More »Refiners want sugar prices to go up to Tk150/kg before Eid
The refiners on Monday requested the government to hike retail prices of packaged sugar by 20% to Tk150 a kilogram, due to high import costs amid rise in its international rates and higher cost for US dollar. They want to sell sugar at this rate to the consumers from June …
Read More »Banks to enjoy uncapped lending as BB issues rules
Interest caps on banks’ lending will be lifted from July as Bangladesh Bank on Monday issued guidelines. However, the new lending-rate mechanism is based on benchmark reference rate effective from next month. Under the new lending regime, the central bank will fix a reference rate based on the moving average …
Read More »Bangladesh Bank unaffected by Moody’s downgrade
Bangladesh Bank Governor Abdur Rouf Talukder considered Moody’s recent downgrade on some local banks as a geopolitical move rather than economic indicator. The central bank governor was responding to a question during the launch of the half-yearly monetary policy statement (MPS) starting next month. He said the international credit rating …
Read More »IMF working on global central bank digital currency platform
The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday. FE “CBDCs should not be fragmented national propositions… To have more efficient and fairer transactions we need systems that connect countries: …
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