Bangladesh Bank governor Dr Atiur Rahman on Saturday said the growth of country’s economy remained in the same position in the last two decades.
Tag: finance
Economic growth is projected to gain slow:UN
A United Nations economic forecast said on Thursday that UN sees slow global economic growth for the rest of this year.
Dhaka seeks Malaysian investment
Bangladeshi entrepreneurs on Wednesday invited Malaysian investment in the prospective areas like leather, leather-goods, energy, food processing, gas-run factories and telecommunications.
Proposal by 10-day : WB to assist BD for RMG industrial park
The World Bank (WB) will propose to Bangladesh within 7-10 days regarding financial and technical assistance for construction of garment industrial park.
Fiscal measures needed for economic recovery
The Unnayan Onneshan, an independent think-tank, has stated that exigent policies are needed for the economic recovery as policy-induced macroeconomic challenges loom large this year.
Accurate economic census must: FBCCI
Speakers at an economic discussion here on Saturday said it would be difficult to take the right decision for the country and its economy without accurate economic data.
‘Economic performance hinges on political environ’
The performance of the economy in the fiscal year 2013 will critically hinge on how the political challenges are addressed, International Chamber of Commerce, Bangladesh (ICC,B) observed in its 18th annual council held here on Saturday.
IMF says monetary easing could drive asset bubble
International Monetary Fund officials say they are watching carefully for signs that massive flows of cash unleashed in world markets by unprecedented monetary easing might lead to asset bubbles, or to overheating in some emerging markets.
India disburses $50m grant to Bangladesh
Indian High Commissioner in Dhaka Pankaj Saran on Wednesday handed over the second tranche of US$50 million out of the $200 million grant committed to Bangladesh by the government of India last year.
BD forex reserve reaches $15.06 b
Foreign exchange reserves of Bangladesh reached 15.06 billion US dollars breaking all the previous record.
Inflation rises slightly in April
The general point-to-point inflation rate in April increased slightly as it notched 8.37 percent posting a rise of 0.66 percent from that of March this year as per the base year 2005-06.
Remittance earnings $1.03 billion in April
Inward remittance in April witnessed a declining trend as it reached US$ 1,030.95 million compared to $ 1,229.36 million fetched in March this year.
China manufacturing growth slows in April
An industry group says manufacturing growth in China slipped in April as exports continued to decline, raising questions about the strength of recovery in the world’s second-biggest economy.
July-March ‘sees $1,863.02m foreign aid flow’
The foreign aid flow to Bangladesh was much better during the first three quarters (July-March) of the current fiscal (2012-13) as it totalled US$1,863.02 million against US$1,410.96 million during the corresponding period of the last year.
Lower GDP growth projected
Unnayan Onneshan, an independent multidisciplinary think-tank, in its current issue of the Bangladesh Economic Update projected the country’s GDP growth rate to be 5.75 percent in the current fiscal year against the government target of 7.2 percent.
DCCI urges expatriates in Qatar to invest at home
President of Dhaka Chamber of Commerce and Industry (DCCI) M Sabur Khan has urged the Bangladeshi businessmen in Qatar to invest in their homeland in prospective areas like IT, hotel and tourism sectors.
Next budget should be more result-oriented, flexible
The next national budget should be more result-oriented and flexible with a view to increasing its benefit to more people and also focus on improving the investment environment to attract more investment, according to a leading economist of the country.
Moody’s Bangladesh rating outlook stable with risks
Moody’s Investors Service has said Bangladesh’s Ba3 rating and stable outlook reflect Moody’s assessment of four factors—its ‘low’ economic, institutional and government financial strengths, as well as its ‘low’ susceptibility to risks from financial, economic and political events.
‘Budget should be in light of commoners’ needs’
Acting Speaker M Shawkat Ali on Wednesday stressed the need for formulating the national budget in light with the need for the common people to ensure public welfare.
BPC claims compensation from PDB
Bangladesh Petroleum Corporation (BPC) has sought compensation of about Tk 12 crore from the Power Development Board (PDB) for not receiving fuel as per its requisition.
Demand for reconsidering VAT Act 2012
Speakers at a seminar have asked the government to reconsider the VAT Act 2012 as the poor in general are being forced to pay VAT and taxes upon every item they buy from the market. They underscored the need for…
Bangladesh’s GDP growth may plunge to 5.8pc
The country’s GDP growth in the current fiscal will plunge to 5.8 percent for lack of growth in export, domestic consumption and investment, claimed a World Bank (WB) report launched here on Saturday.
US$ 297mn foreign loan approved
The Board of Investment scrutiny committee for approval of private sector foreign borrowing on Tuesday cleared the borrowing of US$ 297 million foreign loan against 15 private sector projects.
Make missions effective to boost export: DCCI
Dhaka Chamber of Commerce and Industry (DCCI) on Sunday urged Foreign Minister Dr Dipu Moni to take initiatives for making Bangladesh missions abroad more effective and vibrant for expanding the country’s export market and boosting export volume.
Muhith doubtful of reaching GDP growth target
Citing looming uncertainties in the country’s political scenario, Finance Minister AMA Muhith on Sunday expressed his doubt about reaching the GDP growth target of 7.2 percent in the current fiscal year (2012-13).
Destiny officials on remand
A court here on Thursday placed Akbar Hossain Sumon, Treasurer of Destiny Multi-purpose Cooperative Society, on a weeklong remand in connection with two money laundering cases.
Higher outlays sought for power, roads, local govt
The chairmen of Parliamentary Standing Committees at a pre-budget meeting on Wednesday suggested increasing budgetary allocations for power, communications and local government in the upcoming budget for fiscal 2013-14.
Unrest hurting Bangladesh economy: IMF
International Monetary Fund said unrest in recent months in Bangladesh is affecting economic activity of the country.
ADP execution rate low in 34 ministries
Some 34 of the 54 Ministries and Divisions witnessed lower actual or physical progress compared to the actual national average implementation rate of 91 percent in the Revised Annual Development Program (RADP) of the last fiscal year (2011-12).
ADP implementation 44pc in first 8 months
The implementation progress of the Annual Development Programme (ADP) in the first eight months (July-Feb) of the current fiscal (2012-13) reached 44 percent, 6 percent higher than the rate achieved during the corresponding period of the previous fiscal (2011-12).