Prevailing inflationary pressure in Bangladesh seems largely to be a domestic phenomenon of market anomalies rather than stemming from price escalation of essential commodities on the international market, says CPD while presenting its budget recommendations.As such, average monthly food expenses for a household increased 25 per cent in a year...
Read moreA broad-based growth momentum across the economy continued during the first two quarters of this fiscal while banking system on the financial front witnessed contraction for savings squeeze by inflation. This is how the central bank portrays Bangladesh's latest mixed economic performance amidst a rebound from global crises. The Bangladesh...
Read moreBangladesh's footwear exports to the US market witnessed more than 64-percent growth in 2022, reflecting the buyers' strategy to diversify sourcing destinations and reduce dependence on China and Vietnam.In the last calendar year, Bangladesh exported footwear worth US$451.40 million as compared to $274.78 million in 2021, according to OTEXA, an...
Read moreThe government is likely to place a 13.5-percent bigger budget for the next fiscal year (FY 2023-24), with higher subsidies and debt-servicing costs.Such a higher outlay would be due to a 35-percent increase in subsidies and incentives, coupled with 27-percent rise in allocation for debt servicing, and 6.0-percent rise in...
Read moreOn the occasion of the Independence Day of Bangladesh, US President Joe Biden sent a message of greetings to Prime Minister Sheikh Hasina. He said, "As Bangladesh approaches its next election, I am reminded of the deep value both of our nations' people place on democracy, equality, respect for human...
Read moreVehicles are stuck in seemingly never-ending traffic congestion in Dhaka's Malibagh area in the afternoon on Monday, the first working day in Ramadan, which began on Friday. The city streets were unusually emptier on the first three days of the Islamic holy month due to holidays. However, the chaos returned...
Read morePanel that could guide market regulator through crises remains dormantThe 2010 stock market debacle prompted the securities regulator to form a "high profile" advisory committee to suggest changes in policies, whenever needed, to help develop the country's capital market. The committee sat only once in 2014 after its formation in...
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