The Bangladesh economy is forecast to achieve the second highest growth rate this fiscal year in South Asia, the World Bank said in its biennial regional economic update yesterday. Bangladesh’s gross domestic product is projected to grow at 7.2 percent this fiscal year and 7.3 percent the...
After projecting lower growth rate, the World Bank (WB) has said curbing the central bank's autonomy poses risk to the economy. "Reform reversals such as easing of loan classification standards, ceilings on lending rates and reduced autonomy of Bangladesh Bank (BB) pose additional risks," the bank said...
Shares on the Dhaka Stock Exchange fell for the third consecutive day yesterday, pulled down by thin participation of institutional investors amid deepening pessimism among general investors. The DSEX, the benchmark index of the country’s premier bourse, dropped 32.05 points, or 0.65 percent, to stand at 4,862.25....
Banks’ loan recovery momentum slowed down in the second quarter of 2019 as many defaulters showed unwillingness to pay back loans to enjoy the central bank’s relaxed rescheduling facility. Between the months of April and June, Tk 5,454.25 crore was recovered, down 7.22 percent year-on-year, according to...
The government agencies are spending a sizeable amount of taxpayers' money every year offering 'honorarium' to the participants of project meetings, defying Prime Minister's order, officials said. They said almost all the public agencies earmark a handsome amount of funds in their development project proposals (DPP) with...
The 11 listed multinational companies of the Dhaka bourse are bagging higher profits than their local counterparts thanks to their superior skillset, research-based investment and astute management of operational costs. The top five companies with the highest earnings per share (EPS) are multinationals: Bata, Reckitt Benckiser, Linde Bangladesh,...
The Indian textile lobby is pressing its government to impose fresh non-tariff barriers on Bangladesh's apparel exports against the backdrop of rising shipment to the neighbouring country, officials said. The pressure came at a time when readymade garment exports to India clocked a 79 per cent growth...
The net foreign investment on the Dhaka bourse has kept falling for the seventh straight month because of eroding investor confidence and the rising fear of depreciation of the local currency.Their net investment hit Tk 60.36 crore in the negative in September, when foreigners bought shares worth...
Despite sharing a long border, Bangladesh is still a very tiny source for merchandise for India due to a lack of diversification of products and non-tariff barriers. India’s annual merchandise import amounts to $500 billion, in which Bangladesh’s share is only 0.2 percent, or a little above...
The private sector credit growth hit a nine-year low in August this fiscal year (2019-2020) amid liquidity crisis in the banking sector along with the advance deposit ratio adjustment-centric cautiousness of a section of the banks. In August, the private sector credit growth dropped to 10.68 per...