Economy

The local ceramic manufacturers are in a fix as the recent government decisions went against the interest of their industry amid Covid-19 pandemic, industry insiders have said. They said the National Board of Revenue (NBR) on June 23 issued an order, reducing the tariff rates on imported...

Private sector credit data appears to have gone against the grain in May. For 24 months on the trot, private sector credit growth was lesser than in the previous month. And the trend was expected to continue given the overall doom and gloom on the economy. But...

The Export promotion Bureau has proposed the commerce ministry to set the merchandise export target at $37.44 billion for the next fiscal year, beginning from Wednesday. The target is much lower than current year’s target. It, however, has estimated $32.99 billion export earnings...

The country's trade deficit widened by $1.09 billion or 7.28% year-on-year to $16.06 billion in the first eleven months of the outgoing 2019-20 fiscal year as export earnings fell more than import spending. The widening deficit also indicated a sluggish trend in the economy owing to the...

Before Covid-19 hit the country, all activities in the real estate sector including construction, promotion and sales were encouraging. The upward trend of investment continued further in the 2020 when the amount of advances was recorded at around Tk 800 billion. Now, it is getting difficult for...

Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI) today underscored the need for taking necessary steps to avail the advantage of manpower export in the health sector in the changing world due to COVID-19. “The world has learned the need for health professionals in a hard way....

SMEs entrepreneurs on Saturday urged the government to provide incentives and low cost loans on easy terms to fight the Covid-19 pandemic and to help the economy recover. They made the call at the 14th annual general meeting of the organization held virtually on the day, where...

While the Covid-19 pandemic has sent the booming eatery business across the country, particularly in Dhaka, into a nosedive, the owners have said the sector is on the verge of ruin. As the hospitality business started to experience low turnout of customers since the detection of first...

The International Monetary Fund (IMF) warned Thursday that the ongoing disconnect between financial markets and the real economy is a "vulnerability," which could pose a threat to the recovery should investor risk appetite fade. Major central banks around the world have contributed to the "substantial easing" of...

The world is in unprecedented economic turmoil. The post-coronavirus would-be recession may surpass the great depression of the 1930s and the turbulent economy after World War II. Now the question is, how will we overcome the crises? After the coronavirus pandemic, our growing economy...