Factory activity on slow recovery path
Factory activity in Bangladesh rose 4.39 per cent year-on-year in August as the economy embarked on a journey to recovery from the wreckage caused by the coronavirus pandemic, official data showed.
24 December 2020
ADP spending in slow lane
Development spending rose 2.66 per cent to a five-month high in November although the overall implementation is yet to receive a significant boost because of the slowdown caused by the coronavirus pandemic, official data showed yesterday.
23 December 2020
Prepaid Gas Meters in Dhaka: 1.2 lakh more households to get them
The Executive Committee of the National Economic Council yesterday extended a project to install prepaid gas meters in Dhaka households, which will see 1.2 lakh more prepaid connections by December 2022.
22 December 2020
Displaced workers of three sectors to get cash assistance
The workers who lost their jobs due to the Covid-19 fallout across three sectors -- garments, leather and footwear -- are about to finally receive Tk 3,000 per month as financial assistance.
22 December 2020
Food security still not for all
Although Bangladesh achieved food security and improved access to food, eight percent of the households where the urban poor live still go to sleep with empty stomachs, reveals a government survey.
20 December 2020
State enterprises’ profit falls to five-year low
State-run Bangladesh Petroleum Corporation’s net profit dropped 14.21 per cent in the last fiscal year because of a decline in fuel sales amid the pandemic-induced demand collapse.
15 December 2020
Graduation from LDC: UN projections show high hope
Bangladesh is on track to graduate to a developing country from a least developed one as a UN body estimates that the country’s scores in all three criteria would be much higher from the graduation threshold next year.
14 December 2020
Tackling Second Wave Fallout: Govt hints at fresh stimulus
Officials hinted at a new stimulus package yesterday amid fears of a possible second wave of Covid-19 and the subsequent setback for the economy which has only slightly recovered from the impacts of shutdown.
10 December 2020
‘Gap of South’ bridged
With the installation of the last span yesterday, the multipurpose Padma Bridge has connected the backward southwest region with the rest of the country and, more importantly, removed the last great geographical barrier.
10 December 2020
Maiden wind power project in private sector
The government yesterday approved a proposal to set up a 55-megawatt wind power plant in Bagerhat, a move that may give a much-needed fillip to its efforts to tap the country’s unrealised renewable energy potential.
9 December 2020
Multilateral lenders come to the rescue of small enterprises
Multilateral lenders are joining with the government to boost financing for micro entrepreneurs in order to rejuvenate the tens of thousands of pandemic-hit micro and small enterprises.
8 December 2020
Govt vehicle purchase halted till June 2021
The government’s decision to suspend purchase of new and replacement vehicles under all expenses has been extended for the remaining half of the current fiscal year to reduce unnecessary expenditure in the face of a second wave of the coronavirus pandemic.
6 December 2020
Mega push for a green Bangabandhu Shilpa Nagar
The Bangladesh Economic Zones Authority (Beza) is set to invest Tk 4,367 crore on a fresh project aimed at developing a greener Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN).
5 December 2020
More stimulus to offset Covid shock
The government and the development partners plan to inject more money into the economy for its recovery amid the pandemic while the progress in implementing the stimulus packages for employment creation and revitalisation of the rural economy remains slow.
3 December 2020
Inflation cools off in Nov
General inflation fell to 5.52 per cent in November, bucking a rising trend, driven by a significant drop in food prices, official data showed yesterday.
3 December 2020
Country to join 3rd submarine cable
Bangladesh is going to be connected with a third submarine cable to meet the rapidly growing demand for internet bandwidth and ensure uninterrupted broadband internet services.
30 November 2020
Covid Compensation for Govt Staff: No payment for most frontliners
None of the government frontline workers infected with coronavirus received the compensation they were promised seven months ago.
And families of only 42 of the 133 frontline workers who died with Covid-19 have been compensated as of November 4.
28 November 2020
Govt belt-tightening bears fruit as revenue expenditure drops
The economy is apparently sailing safely through the turbulent times amid additional fund allocated to tackle the coronavirus crisis and anaemic growth of tax collection as revenue expenditure fell 3.66 per cent in the first quarter.
28 November 2020
Tk 1,21,353Cr Stimulus Packages: 39pc disbursed in six months
After the government announced 21 stimulus packages involving more than Tk 1,21,000 crore to tackle the pandemic fallout, 39.23 percent of the total amount or Tk 47,615 crore was disbursed till October 31, according to a report of the finance ministry.
27 November 2020
Deepening uncertainty downing credit growth
Private sector credit growth dropped heavily in October due to the eroding confidence of businesses amid the potential threat of a second wave of coronavirus infections.
26 November 2020