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The International Monetary Fund (IMF) has emphasised continuing reforms to make Bangladesh’s economy more resilient and resuming progress towards the authorities’ ambition of reaching upper middle-income status. “In the past decade, Bangladesh achieved impressive economic growth and social development, making steady progress in reducing poverty and across many indicators of …
Read More »Stocks extend gaining streak as bank shares surge
Stocks extended the winning streak for the third straight session with a rising turnover on Thursday as investors put fresh stakes on bank issues based on the latest quarterly earnings. Following the previous day’s modest rise, the Dhaka Stock Exchange opened on an optimistic note and ended higher despite some …
Read More »TCB soybean set to be costlier
After a fresh hike in edible oil prices by refiners, the state-run TCB seeks to increase the rate by Tk 10 per litre under its open-market sale (OMS) programme, sources said. The Trading Corporation of Bangladesh (TCB) also seeks to enhance Tk 5.0 in the price of lentil per kilo …
Read More »BB relaxes stimulus rules for low-income groups
Bangladesh Bank yesterday relaxed rules over its Tk 3,000 crore stimulus package dedicated for low-income professionals, marginal farmers and micro-enterprises. The latest initiative will encourage banks to disburse loans from the fund in a way such that the groups will subsequently be able to avail the finance efficiently, said a …
Read More »‘Steps taken for boosting onion production, its preservation’
Commerce Minister Tipu Munshi on Sunday said that initiatives have been taken to boost production of onion and ensuring its preservation for a long time alongside inventing its newer varieties. “There is a lack of production of onion in our country compared to the demand. This deficit is being met …
Read More »Tax receipts fall Tk 6,343cr short of target in July-Sept
Revenue collection by the National Board of Revenue fell short of target by Tk 6,343 crore in the July-September period of the current fiscal year 2021-2022, according to NBR provisional data. The NBR managed to collect Tk 58,351 crore against the quarterly target set at Tk 64,695 crore. However, the …
Read More »‘Electronics will overtake garments sector’
Salman F Rahman visits Walton factory in Gazipur Private Industry and Investment Advisor to Prime Minister, Salman Fazlur Rahman said that the government has created suitable atmosphere for private industry sector and Walton has fully utilized those opportunities. “The company has product diversity and they are manufacturing various products including …
Read More »Bangladesh becoming a higher mid-income country
Driven by economic and social sector success in the last decade, Bangladesh has been one of the world’s most resilient economies and is projected to grow further to become a higher middle-income nation in the next decade. Enviable success in poverty reduction, increased participation of women in the labour force …
Read More »Govt backtracks on decision after introducing NEIR
The government has backtracked on its decision to block illegal mobile handsets from getting connections to the telecommunication network after introducing a National Equipment Identity Register for the purpose. The telecommunication ministry has recently asked the Bangladesh Telecommunication Regulatory Commission not to take any action against illegal handsets and implement …
Read More »Stocks plummet over 100 points in early trading
The stock market lost more than 100 points until 11:48 am since the beginning of the day’s trading today. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE) fell 1.49 per cent to 6,905.66 points. The index drowned under 7,000 points after September 2. The index is falling …
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