Home adviser urges traders not to hike prices of essentials during Ramadan
He mentioned that in many Muslim countries, including those in the Middle East, the prices of goods are kept low during Ramadan
Ramadan begins amid price surge, soybean oil shortage persists
As Ramadan commences, consumers are confronted with escalating prices of essential commodities, a persistent shortage of soybean oil, and mounting frustration over unfulfilled government assurances of market stability
Bangladesh faces foreign loan slump as economic crisis deepens
Bangladesh has witnessed a significant decline in foreign loan commitments and disbursements in the first seven months of the current fiscal year, with economic and political instability deterring international lenders
Prices of kitchen market commodities surge as pre-Ramadan demand peaks
With only days remaining before Ramadan, prices of poultry, meat, and vegetables have surged across Dhaka’s markets, driven by heightened consumer demand and supply constraints
Soybean oil shortage persists despite record imports
Despite a 34% increase in soybean oil imports, the essential commodity remains scarce in markets, exacerbating consumer distress ahead of Ramadan
Online tax returns submission may be made compulsory from next July
The NBR has taken a move to simplify submission of income tax return and payment procedure online for the tax year 2024-2025
Non-performing loans soar past Tk300,000 crore, account for 20% of total lending
Bangladesh’s banking sector faces mounting distress as non-performing loans (NPLs) reached a record Tk 345,764 crore by December, accounting for over 20% of total disbursed credit
BB governor’s categorisation of banks hinders sector recovery: Abdul Awal Mintoo
Abdul Awal Mintoo criticised the Bangladesh Bank governor’s public remarks on bank classifications, arguing that such statements obstruct the sector’s recovery while stressing the need for broader political and economic reforms
New currency policy aims to steady taka after years of depreciation
A recalibrated exchange rate mechanism by Bangladesh Bank may help stabilise the taka in 2025 after years of depreciation, as the nation navigates political and economic uncertainty
Govt says inflation easing, expected to reach 7-8% after Ramadan
Finance Adviser Salehuddin Ahmed expresses optimism about inflation easing after Ramadan, assures market stability, and warns of stringent action against hoarders
Not all banks will survive: Governor
"87% of the deposits of some banks have been given to a family"
Bangladesh and Pakistan resume direct trade after more than 50 years
The new agreement, finalised earlier this month, sees Bangladesh purchasing white rice from Pakistan at $499 per ton through the Trading Corporation of Pakistan
Industrial sector in peril as gas crisis and rising costs threaten economy
The country’s industrial sector faces a deepening crisis as gas shortages, high interest rates, and dollar scarcity cripple production, with experts warning that a proposed gas price hike could exacerbate the situation
Interim govt tightens grip on market to curb Ramadan price surge
Interim government has implemented stringent measures, including intensified market monitoring, crackdowns on hoarders, and facilitation of increased imports
BB discontinues longer-term repo to bolster call money market
Bangladesh Bank said the move comes in an effort to enhance market vibrancy and reduce reliance on central bank funding
Bangladesh relaunches AEO certification, 10 firms get granting privileges
Bangladesh Investment Development Authority (BIDA) has conferred Authorised Economic Operator (AEO) status upon ten businesses, allowing them to expedite customs clearance and bolster operational efficiency
Bangladesh on the path to recovery, says Finance adviser
“We want to ensure a quality life for all,”
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