The disclosure came nearly four months after the HC approved the amalgamation

Says Prof Rashed Al Mahmud Titumir after export data correction

The central bank discovered six types of statistical wrongdoing that inflated export data, a development that led to a multibillion-dollar correction.

Bangladesh Bank's latest data on the balance of payments has remarkably altered the narrative on the drivers of external stress without changing the signal on the overall stress. The bottom line on persistent external imbalance remains pretty much the same but the composition is palpably different

You can lie with data or illuminate the truth with data. And there’s something in between -- half-truths.

When I worked for Unilever, we had this incredible senior, an IIT graduate, who had a memory like a steel trap. He could glance at your car plate and recall it correctly a year later. He was a walking encyclopedia with knowledge of every subject under the sun. 

Shares at Dhaka Stock Exchange (DSE) rose 2.30 percent yesterday with the broad index crossing the 5,400-point mark as skittish investors placed fresh bets on selective large-cap and blue-chip shares over news that public servants may be allowed to trade.

The adjustment of export figures that saw shipment values plummet by nearly a staggering $14 billion in the first 10 months of 2023-24 from a year ago has left several businessmen disappointed.

For the sixth consecutive year, the finance division has imposed several restrictions on allocated budget expenditures, including foreign tours and block allocation, as a part of austerity measures amidst the ongoing economic crisis.

On July 3, the Bangladesh Bank (BB) released data of the Balance of Payments (BoP) for July-April period of fiscal year 2023-24. It used reconciled export data, which showed the country’s exports were nearly $14 billion below the figure reported earlier by the Export Promotion Bureau (EPB).

The government officially inaugurated a new website of National Pension Authority (NPA) to enable citizens to participate in a universal pension scheme (UPS)

The finance ministry has tightened control over expenses by ministries, state agencies, and public corporations to ensure austerity in spending for the fiscal year 2024-25, beginning July 1

Marine fisheries can be a major component to reaping the rewards from Bangladesh’s largely untapped blue economy as they already account for 52 percent of animal-based protein in Bangladesh, said an expert yesterday..The country ranked third in producing fish from inland water-bodies, behi

Gold prices strengthened on Wednesday as the dollar eased after dovish comments from Federal Reserve Chair Jerome Powell, with investors now turning to minutes from the US central bank’s latest policy meeting to gauge future interest rate cuts.

Linde Bangladesh has sold its welding electrode business to ESAB Group, an American-Swedish industrial company, said the company yesterday.

The telecom regulator has issued a show-cause notice to Grameenphone for “not using the allocated spectrum”, affecting the quality of service used by more than 43 percent of the country’s mobile phone subscribers.

There is a common allegation that the actual implementation costs of government projects inevitably exceed the estimated costs due to a number of reasons, including time extensions and unnecessary expenditures.

Local conglomerate Rancon Electronics has begun manufacturing and selling LG-branded high-end televisions, providing customers with products at cost-effective prices in the fast-expanding smart TV market in Bangladesh.

China could not become a potential export destination for Bangladesh despite offering generous preferential trade benefits for the past decade or so.

The financial account has turned positive after more than a year, yet it might not be good news for Bangladesh since it is the result of the revision of national data in line with IMF prescription and does not indicate improvement in the health of the economy.