Economy

Continued mismatch or value gap in reported bilateral trade of Bangladesh with the rest of the world has indicated that trade misinvoicing is persisting there. The latest report of the Global Financial Integrity (GFI), a Washington-based research organisation, estimated the value gap of 135 developing countries including...

Bangladesh's technology start-ups are catching the attention of venture capital (VC) firms, which have put in about $200 million in funding over the last four years, said ICT State Minister Zunaid Ahmed Palak yesterday "The more the start-up ecosystem is maturing, the more the venture capital funding...

Food inflation fell to a 42-month low of 4.97 per cent in February, helped by easing off pressures on some items such as rice and onions in recent months, official figures showed yesterday. As a result, overall inflation dropped to a 12-month low of 5.46 per cent...

The Investment Corporation of Bangladesh, or ICB, has requested the government to cut interest rate on term deposits it took from banks to support the stock market. Presently, the corporation has some Tk 106.71 billion in costlier deposits it took on various occasions, bearing interest rate ranging...

Local electronics giant Walton is, arguably, going through a purple patch. For instance, earlier this week, it flagged off shipments of 26,000 air conditioners to India's Hyundai and also inaugurated its sprawling lift manufacturing plant, both of which are firsts for Bangladesh. There appears to be no...

রাঙ্গামাটি, খাগড়াছড়ি ও বান্দরবান—এ তিন পার্বত্য জেলায় অন্তত পাঁচ লাখ হেক্টর জমি অনাবাদি হিসেবে পড়ে রয়েছে। এর মধ্যে দুই লাখ হেক্টর জমিতে কাজুবাদাম আবাদ করলে বছরে ১০০ কোটি ডলারের বেশি আয় করা সম্ভব, বাংলাদেশী মুদ্রায় যা প্রায় ৯ হাজার কোটি টাকা। পাশাপাশি পাহাড়ি জমিতে আবাদ করা যেতে...

The agent banking is booming, mostly in rural areas, supported by a large inflow of remittances, according to Bangladesh Bank officials. Agent banking is defined as financial services targeted to the underserved population through engaged agents under a valid agency agreement, rather than a cashier. An agent...

Remittance kept up its strong growth momentum last month as migrant workers sent home 10.16 per cent more than they did a year earlier, in a major boost to the economy under stress from sliding exports. Exports fell 5.21 per cent year-on-year to $22.92 billion in the...

The world is coming to a standstill as the new coronavirus spreads: schools have closed in Japan, rallies are banned in Switzerland and flights are cancelled worldwide. That is putting the global economy at the greatest risk of recession since the 2008 financial crisis. ‘With the partial...

A possible global economic slowdown because of the spread of coronavirus to a large number of countries, including Japan, Italy and the United States, has become a new headache for Bangladeshi exporters, who have already been affected because of problems in importing raw materials and capital machinery...