News

Improved access to the internet across the country has transformed the country’s rural economy. The landscape of works and employments in rural areas has changed radically as the government reached broadband interment up to unions. Till now, some 3800 unions have been connected with high-speed internet which was a daydream …

A Preferential Trade Agreement (PTA) between Bangladesh and Nepal is in the final stage, said the Commerce Secretary of Bangladesh Tapan Kanti Ghosh. Being present as the chief guest, he made this remark today at the business networking meeting between the Dhaka Chamber of Commerce and Industry (DCCI) and the …

Most shares on the Dhaka Stock Exchange fell because of continued lower participation of investors and selling pressure. This was the third consecutive day of decline as uncertainty gripped investors for ongoing tension between the Bangladesh Bank and the Bangladesh Securities and Exchange Commission on multiple regulatory issues. The DSEX, …

The ongoing tension between the Bangladesh Bank and the Bangladesh Securities and Exchange Commission (BSEC) could deepen further following a recent stock market regulator move that curtails banks’ power to cancel payments to bondholders. The central bank has written to several banks after finding out that the BSEC’s condition on …

Urban gardening has an important role to play in improving the economy, environment and health of cities in Bangladesh, experts said at a seminar yesterday. It reduces poverty and food insecurity resulting from urbanisation, improves the health of city residents and preserves the environment, they said. Urban gardening allows low-income …

The Ministry of Environment, Forest and Climate Change is going to implement an action plan for sustainable plastic management in phases. The plan has been set as short term (2022–23), medium term (2024–26), and long term (2027–30). The Environment Ministry has endorsed a roadmap through gazette notification to phase out …

Boosting agricultural production and productivity and farming high-value crops of export quality are seen as urgent to cushion possible external shocks to Bangladesh’s export trade in the post-LDC-graduation era. To this end, researchers recommend for the government to take steps to make a diversified crop-production plan and intensify the commercialization …

The Asian Development Bank warned Tuesday that the highly mutated Omicron coronavirus variant could have a “substantial” economic impact, as it trimmed its 2021 and 2022 growth forecasts for developing Asia. Despite a sharp drop in infections and increased vaccination across the region stretching from the Cook Islands in the …

A persistent higher rate of inflation, the upward trend of the foreign exchange rate and deepening liquidity crunch could pose major challenges to the economy as the government looks to keep up the current economic recovery and accelerate it further. Both the government and the Bangladesh Bank should address the …

Only one out of five people who lost jobs for the pandemic-induced lockdowns, received some form of government support, while more than half of households were compelled to borrow to withstand the crisis, a new study found. Relatives and friends mainly stood by the victims of income and job losses …