Tk 1,059cr project in the offing to build 5G network
The government is undertaking a Tk 1,059 crore project to develop an optical fibre transmission network with a view to building 5G infrastructure all over Bangladesh.
21 February 2022
Long-awaited project to complete finally
After repeated revision of deadlines and costs, the long-awaited Joydevpur-Elenga Highway project is finally nearing completion and even at a slightly lower expenditure.
21 February 2022
Tk1,059cr project in the offing to build 5G network
The government is undertaking a Tk 1,059 crore project to develop an optical fibre transmission network with a view to building 5G infrastructure all over Bangladesh.
21 February 2022
Stimulus for the laid-off: Only 0.5pc spent in a year
The government spent only about 0.5 percent of a Tk 1,500 crore stimulus package unveiled in 2020 for laid off workers of export-oriented apparel and leather factories.
17 February 2022
Hardship persists for households as food prices keep rising
Amid soaring prices of food, products and services, inflation in Bangladesh fell to 5.86 per cent in January, the first decline in six months, official data showed yesterday.
16 February 2022
Govt to amend procurement rules
A high-level government committee yesterday suggested 11 proposals for amending the procurement rules, including making it mandatory for foreign firms to form joint ventures with local bidders when it comes to fulfilling government procurement rules.
16 February 2022
Amount hiked for projects this FY could make another Padma bridge
That project revisions have become a government ailment is well established by now.
7 February 2022
Farmers to get smart cards
The government is going to introduce smart cards for farmers with an aim to provide area-based and demand-based agricultural services.
5 February 2022
Poor progress in stimulus credit disbursement
Bangladesh has disbursed 59 per cent of the total credit support unveiled by the government to protect businesses, the economy and the poor since the coronavirus pandemic hit the country more than one-and-a-half years ago.
3 February 2022
People in for higher living expenses
People can brace themselves for yet another round of living expense hike as the government is mulling over raising the prices of electricity, gas and fertiliser by March to bring its subsidy burden down to a tolerable limit.
1 February 2022
External debt repayment rises 16pc
Bangladesh’s external debt repayment has increased gradually in recent times aided by an inflow of a huge amount of foreign loans from multilateral and bilateral partners in the forms of project aid and budget support.
27 January 2022
Muhith to start foundation to fight pandemic
AMA Muhith might have retired from public service but he could not stop working towards the welfare of people.
24 January 2022
Annual Development Programme still below pre-pandemic levels
Though overall annual development programme (ADP) implementation slightly rose year-on-year in the current fiscal year’s first half, government spending for development projects is still below that of the pre-pandemic period.
23 January 2022
Despite IMF warning, Govt plans to borrow $313m from forex reserves for power transmission project
The government plans to use the country’s foreign currency reserves to implement a $370.96 million power transmission project, ignoring warning from the International Monetary Fund (IMF).
20 January 2022
Reprioritise spending, bring financial reforms: IMF suggests better use of public money
The government should reprioritise spending, take steps to reduce corruption and initiate financial sector reforms for better use of public money with a view to overcoming challenges brought on by the pandemic, suggests the International Monetary Fund (IMF).
19 January 2022
Govt study finds most adolescents aspire to pursue mainstream careers
Although the pressure to become a doctor or an engineer is gradually dissipating, the two professions still rank on the top among the youths, found a first-of-its-kind study by the government.
13 January 2022
Bangladesh to be 24th largest economy by 2030
Bangladesh is expected to become the 24th largest economy in the world by 2030 despite a rise in poverty, unemployment and income losses because of the severe impacts of the Covid-19 pandemic, according to a government report.
13 January 2022
More perks to lift export to record level
The government is set to extend more policy and fiscal support, rationalise corporate tax, offer bonded warehouse facility and explore new markets and products as it looks to give a much-needed boost to export earnings.
12 January 2022
Foreign aid use target to remain unchanged
The government plans to keep its foreign aid use target unchanged in the next fiscal year compared to the current fiscal year owing to lower utilisation of development allocations and projected reduced spending related to the pandemic, especially for vaccination.
11 January 2022
Covid eating away jobs for the youth
As many as 1.6 million youths lost their jobs and about 20 million faced income loss for the pandemic, found a government study -- signifying the global public health crisis’s outsize economic consequences for Bangladesh’s younger population.
8 January 2022