ADP spending dips in August
Development expenditure dropped 10.18 per cent year-on-year to Tk 5,097.79 crore in August as activities are yet to pick up because of the lingering coronavirus pandemic.
16 September 2020
Bigger WB loan, currency devaluation increase urban resilience project cost
Government projects tend to witness increases in implementation costs for a myriad of reasons, including changes in design and land prices and tendering delays.
15 September 2020
Economy on path to gradual recovery
Bangladesh might have already started rebounding from the persisting coronavirus pandemic as the Asian Development Bank said the economy would see a gradual recovery in the first two quarters of the fiscal year.
15 September 2020
Biman may stay caged
The cabinet yesterday approved a draft law allowing the aviation ministry to keep its control over Biman, even though the national flag carrier was turned into a public limited company in 2007 to make it profitable.
14 September 2020
Exporters pin big hopes on Bhutan
Bangladesh’s exports to Bhutan would get a huge boost once the two sides sign the proposed preferential trade agreement, said exporters and experts yesterday.
14 September 2020
Banks’ deposits swell
Deposits at banks rose 10.49 per cent year-on-year to Tk 1,305,453 crore in the last fiscal year on the back of tightening of rules around national savings certificates, record flow of remittance and rebounding economic activities.
13 September 2020
BoP returns to black
Bangladesh’s balance of payments (BoP) returned to the black in July on the back of a sharp decline in imports and a rise in remittance and exports.
10 September 2020
State enterprises hand govt Tk 16,746cr of their surplus funds
State-owned enterprises have deposited Tk 16,746 crore to the national exchequer since laws were passed in the beginning of the year to make it mandatory for them to hand over the idle and surplus funds to the government.
10 September 2020
Govt plans handouts for the laid-off
A ray of hope has emerged for the laid-off, disabled and insolvent workers of export-oriented garment, leather and footwear manufacturing factories as the government has initiated a scheme to extend financial support to them.
8 September 2020
Credit growth makes a turnaround, pointing to green shoots
Bangladesh’s economic recovery from the devastating coronavirus pandemic has received a shot in the arm after both public and private sector credit growths rose sharply in July.
6 September 2020
LNG purchase from spot markets to cut costs by 27pc
Bangladesh would pay up to 27 per cent lower prices when it buys liquified natural gas (LNG) from Vitol Asia of Singapore on the spot market, compared to the payments it makes to the existing suppliers.
3 September 2020
ADP implementation off to a slow start
Development expenditure fell 17.64 per cent year-on-year in July as the coronavirus pandemic continued to hammer the economy, official data showed.
2 September 2020
Govt to buy LNG from spot market for the first time
The government has decided to buy liquified natural gas (LNG) from the spot market for the first time – a move that would help the country purchase the super-chilled fuel at a cheaper rate, officials said yesterday.
2 September 2020
Costs of 4 projects revised upwards by 73pc
The combined cost of four development projects went up by 72.84 per cent after the government yesterday revised upwards their allocation and extended deadlines.
1 September 2020
Remittance keeps rising despite pandemic headwinds
Migrant workers who toil abroad have once again beat forecasts, sending home 36 per cent higher remittance in August, in a respite for their families as well as the ailing economy amid the coronavirus pandemic.
1 September 2020
Inflation ticks up in August
Inflation has risen by 15 basis points to 5.68 per cent in August, led by an increase in prices of food items, official figures showed yesterday.
1 September 2020
Cars ‘made in Bangladesh’ on the way
With just a year or so to go for golden jubilee celebrations of independence, Bangladesh is on its way to marking an epoch in history by manufacturing its own brand of automobiles with assistance from Japan.
31 August 2020
Plans for a deep seaport at Sonadia nixed
The government has officially scrapped its plan to build a deep seaport in Cox’s Bazar’s Sonadia out of environmental concerns, said the cabinet secretary yesterday.
31 August 2020
ADB adjusts financing plan to speed up Bangladesh’s economic recovery
The Asian Development Bank has redesigned its financing plan in Bangladesh for the next three years in the wake of the coronavirus pandemic to help the country spring back from the economic whiplash faster.
29 August 2020
Linking Bhola with Barishal: Japanese firm to build bridge
A Japanese company is likely to build a bridge over the Tentulia and Kalabadar rivers to connect island district Bhola with Barishal under a Public Private Partnership (PPP) initiative.
27 August 2020