Economy

Inflation declined 13 basis points to 5.49 percent in August, helped by the downward movement of both food and non-food prices. Last month’s rate also bucked the rising trend as inflation had risen 10 basis points to 5.62 percent in the first month of the current fiscal...

A pair of sentences, published on April 17, show us how strange globalization has become: "Two semi-trailer trucks, cleverly marked as food-service vehicles, met us at the warehouse. When fully loaded, the trucks would take two distinct routes back to Massachusetts to minimize the chances that their...

In a nondescript building in a Beijing suburb, workers stitch tissue into replacement heart valves for humans. Orders are mounting, and founder Jin Lei is looking to the latest feature of Chinese President Xi Jinping’s financial reform to help him expand. For Jin’s company, Balance Medical Technology...

The private sector credit growth hit a fresh nine-year low in September this fiscal year (2019-2020) amid sluggish business activities in the country. In September, the private sector credit growth dropped to 10.66 per cent, the lowest after September, 2010, when it was 6.09 per cent, according...

Small and medium enterprises (SMEs) are the backbone of the Bangladesh economy: they make up more than 90 percent of all businesses that provide two out of three private sector jobs in the country. So, it is very important to help the sector grow for the sake...

The Bangladesh Bank has requested the government to release Tk 3.0 billion to finance agriculture projects under the equity entrepreneurship fund (EEF), officials said. Some 2,308 applications have recently been submitted seeking loans, for food and agriculture-related projects from the EEF, which are now under processing, they...

Poorly managed exchange rate, ad hoc-based incentive and existing domestic protection levels will not make Bangladesh's exports competitive and help diversify both products and destinations, according to a new plan of the government. "Poorly managed exchange rate can be disastrous for economic growth,'' said the Perspective Plan...

Starting from March 2020, a series of lockdowns announced by the government to prevent the spread of coronavirus in Bangladesh has caused a collapse in the country's economy. It affected all kinds of large and small businesses. And real estate business is not a different case.

The coronavirus pandemic triggered a decline in card spending by nearly 50 per cent in April, in an indication of a massive fall in demand in Bangladesh as people went for belt-tightening amid income collapses. Transactions through debit cards stood at Tk 8,336 crore in April, the...

Bangladesh has beaten India on exports in the past decade, and the Economic Survey 2021 explains why. Bangladesh exports posted a compounded annual growth rate of 8.6% over 2011-2019 versus India's export growth of 0.9% and a world average of 0.4%, the survey said.