ADB forecasts 6.1% GDP growth for Bangladesh in FY24, higher than World Bank’s
The ADB’s projection comes days after the Bangladesh Bureau of Statistics said economic growth in the October-December quarter of fiscal 2023-24 halved to 3.78 percent, the slowest pace in three quarters, as manufacturing output growth declined sharply owing to reduced domestic consumption.
1d ago
UCB plans to take over troubled National Bank
United Commercial Bank (UCB) is likely to take over trouble-ridden National Bank Ltd (NBL), according to officials of the lenders.
2d ago
No respite to consumers: Inflation edges up in March
Inflation edged up in March after marginally easing in the previous month, showing no signs of respite to consumers already hurt by the consistent erosion of buying capacity due to elevated prices.
2d ago
Monetary policy transmission hindered by SMART lending rate cap: World Bank
The central bank of Bangladesh has tightened the monetary policy but its transmission has been hindered by the SMART lending rate cap since it slows pass-through to lending rates due to the use of a moving average, the World Bank said in a report today.
1w ago
Bangladesh economy to grow below 6% for two consecutive years: World Bank
Bangladesh’s real GDP growth is projected to remain relatively subdued at 5.6 percent in the current fiscal year, compared to the average annual growth rate of 6.6 percent over the decade preceding the Covid-19 pandemic, the World Bank said today.
1w ago
Hurried bank merger raises questions
The hurried initiative of merging banks may not bring about the desired outcome, said analysts at a webinar.
2w ago
FBCCI demands punishment for those responsible for Bailey Road fire
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today demanded exemplary punishment for those responsible for neglecting safety measures after 46 lives were lost in a devastating fire at a building in the capital’s Bailey Road on Thursday night.
Daraz 'letting go of' employees in Bangladesh, four other countries
Daraz Group, Alibaba' s South Asian e-commerce arm that operates in five markets including Bangladesh, has announced that it is letting go of “many” employees but stopped short of disclosing the number.
April 11, 2024
ADB forecasts 6.1% GDP growth for Bangladesh in FY24, higher than World Bank’s
The ADB’s projection comes days after the Bangladesh Bureau of Statistics said economic growth in the October-December quarter of fiscal 2023-24 halved to 3.78 percent, the slowest pace in three quarters, as manufacturing output growth declined sharply owing to reduced domestic consumption.
April 9, 2024
UCB plans to take over troubled National Bank
United Commercial Bank (UCB) is likely to take over trouble-ridden National Bank Ltd (NBL), according to officials of the lenders.
April 9, 2024
No respite to consumers: Inflation edges up in March
Inflation edged up in March after marginally easing in the previous month, showing no signs of respite to consumers already hurt by the consistent erosion of buying capacity due to elevated prices.
April 2, 2024
Monetary policy transmission hindered by SMART lending rate cap: World Bank
The central bank of Bangladesh has tightened the monetary policy but its transmission has been hindered by the SMART lending rate cap since it slows pass-through to lending rates due to the use of a moving average, the World Bank said in a report today.
April 2, 2024
Bangladesh economy to grow below 6% for two consecutive years: World Bank
Bangladesh’s real GDP growth is projected to remain relatively subdued at 5.6 percent in the current fiscal year, compared to the average annual growth rate of 6.6 percent over the decade preceding the Covid-19 pandemic, the World Bank said today.
March 23, 2024
Hurried bank merger raises questions
The hurried initiative of merging banks may not bring about the desired outcome, said analysts at a webinar.
March 2, 2024
FBCCI demands punishment for those responsible for Bailey Road fire
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today demanded exemplary punishment for those responsible for neglecting safety measures after 46 lives were lost in a devastating fire at a building in the capital’s Bailey Road on Thursday night.
February 27, 2024
Daraz 'letting go of' employees in Bangladesh, four other countries
Daraz Group, Alibaba' s South Asian e-commerce arm that operates in five markets including Bangladesh, has announced that it is letting go of “many” employees but stopped short of disclosing the number.
February 27, 2024
Return filing deadline for companies extended to April 30
The National Board of Revenue (NBR) today extended the deadline for tax return filing by companies by two months to April 30, according to an order.
February 25, 2024
Sammilito Parishad, a panel for BGMEA election, announces its manifesto
The Sammilito Parishad, a panel which is participating in the biennial polls of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), today said it would work to develop a smart garment sector if it wins the election scheduled March 9.
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