Growth to stay below 4% until FY28 on energy, banking woes
2 HOUR(s)
Bangladesh is yet again set to register weak economic growth of 3.4 percent in the current fiscal year, according to the World Bank, marking a fourth straight year of slowing growth amid a deepening energy crisis, financial sector vulnerabilities and global uncertainties.
2 HOUR(s)
Banking rot, energy crisis to choke growth: WB
6 October 2026
Escalating conflict in the Middle East has exacerbated pre-existing domestic vulnerabilities
6 October 2026
442MW Rampal solar power plant to get nod
6 October 2026
The government is set to construct a 442MW solar power plant at a cost of Tk 2,498 crore on the remaining land acquired for the coal-fired power plant in Rampal.
6 October 2026
Surplus liquidity at banks past Tk 4 lakh crore
5 October 2026
Surplus liquidity in the banking sector surged 45 percent over the past year to cross Tk 4 lakh crore, but the vast majority of the funds are parked in government treasury bills and bonds rather than trickling into private sector credit, according to a central bank report.
5 October 2026
Govt employees will get hiked pay this month, MPO teachers won’t
5 October 2026
Government officers and employees will receive four months’ salary under the new pay scale, including three months’ arrears, in the last week of this month, but teachers and staff under the MPO scheme, along with judges and judicial service employees, will have to wait longer.
5 October 2026
After 11 years, BPC gets Tk 4,500cr loan to buy fuel
30 September 2026
After an 11-year gap, the government is set to provide Bangladesh Petroleum Corporation (BPC) with a Tk 4,500 crore interest-free loan to help ensure uninterrupted fuel supplies.
30 September 2026
Govt eyes up to $1b from sovereign bond debut
27 September 2026
The government is considering issuing a sovereign bond of up to $1 billion to the international capital market to diversify its funding sources.
27 September 2026
45% of FY27 power, LNG subsidies spent in just 3 months
26 September 2026
The government had budgeted Tk 42,000 crore for electricity and LNG subsidies in the ongoing 2026-27 fiscal year, but it has already released nearly Tk 19,000 crore in the first three months.
26 September 2026
WB’s purse strings always open for Bangladesh
The World Bank has been an ever-reassuring presence in Bangladesh’s growth narrative, and the multilateral lender will continue to play that role, said its country director.
2 July 2020
Life expectancy at birth rises
Life expectancy at birth for Bangladeshis has risen to 72.6 years because of what experts said was progress made in health care and economy.
30 June 2020
NBR walks back on order seeking info to sniff out VAT evasion
The VAT Intelligence yesterday withdrew its directive that had asked banks to provide information on discrepancies in turnover figures shown by potential borrowers in returns and annual financial statements.
30 June 2020
Mobile users, FMCG companies miffed as Finance Bill 2020 stays mostly unchanged
Finance Minister AHM Mustafa Kamal must have harked back on that oft-quoted saying of English monk John Lydgate when he was finalising the Finance Bill 2020.
29 June 2020
Govt may not hike SD on telecom services
Finance Minister AHM Mustafa Kamal may scrap his plans to raise the supplementary duty (SD) on telecom services and double the deposit in VAT-related disputes following criticism and pleas from various quarters.
27 June 2020
Swiss Banks: Deposits by BD nationals drop
Just one year after a rise, Bangladeshi nationals’ deposits in Swiss banks dropped 2.26 percent year-on-year in 2019 to 603 million Swiss francs or Tk 5,427 crore.
25 June 2020
Fast-Track Projects: Govt moves to speed up work amid pandemic
Amid growing concern over the slow pace of work of almost all fast track projects due to the Covid-19 outbreak, the government is working to find ways to speed up the schemes.
24 June 2020
Budgetary grants raised to Tk 12,680cr to fight pandemic
The budgetary grants rose more than four times to Tk 12,680 crore in the next fiscal year on the back of a large block allocation to meet urgent health and social protection expenses.
23 June 2020
Govt-backed loans for state enterprises rise to Tk 60,653cr
Taxpayer-guaranteed loans for Biman Bangladesh Airlines more than doubled to Tk 10,279 crore as the state-run carrier took credits to buy new Boeing aircraft.
22 June 2020
Tax receipts keep falling as pandemic lingers
Revenue collection fell massively for the second consecutive month in May as incomes and demand for goods and services crashed because of the lengthy shutdown put in place to battle the Covid-19 pandemic.
22 June 2020
Health, agriculture passed over
Amid talks of prioritising the health and farming sectors, the Executive Committee of the National Economic Council yesterday approved giving lawmakers from rural areas Tk 20 crore each for infrastructure development in the next five years.
21 June 2020
ADP spending plunges 48pc
Development spending nosedived 48.22 per cent in April and May in the current fiscal year, highlighting how the pandemic-induced shutdown brought the country’s economic and development activities to a screeching halt.
21 June 2020
Non-Mpo Teachers: Tk 5k grant for each of them likely
The government is going to provide financial assistance to over two lakh non-government school and college teachers and staffers, who are outside the purview of the Monthly Pay Order (MPO) scheme, aiming to minimise their financial hardship caused by the Covid-19 pandemic.
20 June 2020
WB injects $1b to help cushion pandemic blow
Bangladesh’s efforts to feed the nation, create jobs and keep the ailing economy afloat amid the progressively ferocious pandemic received a shot in the arm after the World Bank yesterday approved $1.05 billion.
20 June 2020
Fundamental reforms needed to support next wave of digital development: WB
The World Bank has urged Bangladesh to bring in fundamental reforms in order to digitalise the economy and support the next wave of digital development.
20 June 2020
Office of Comptroller And Auditor General: 6.4 lakh objections struck off at one go
The Office of the Comptroller and Auditor General (OCAG) has decided to consider 640,000 general audit objections, filed from 1971-1972 to 2009-2010 fiscal year, as resolved.
18 June 2020
Bangladesh to post highest GDP growth in Asia this fiscal year
The Asian Development Bank, it seems, is rather certain that Bangladesh’s economic recovery from the coronavirus-induced downturn would be V-shaped.
18 June 2020
Subsidy spending climbs for crisis-related expenditure
The government’s subsidy spending would go up by 26.25 per cent to Tk 56,051 crore in the next fiscal year, on the back of taxpayer-funded allocation for food, interest and agriculture sectors.
18 June 2020
Pandemic nudging Bangladesh’s debt-to-GDP ratio out of comfort zone
The coronavirus pandemic is turning out to be a quite a costly affair for Bangladesh, due to which its public debt-to-GDP ratio, which has thus far been in a healthy position, is set to exceed the responsible threshold of 40 per cent.
16 June 2020
Govt eyes Tk 17,000cr in budget support next fiscal year
The government has set a target to mobilise Tk 17,000 crore in budget support from development partners in fiscal 2020-21 to meet its additional financing need owing to the coronavirus pandemic.
15 June 2020