For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said on Sunday.

NCC Bank recently signed an agreement with Millennium Information Solution for the supply and implementation of “NCC Islamic Banking Solutions” software. 

Inflation eased for the fourth consecutive month as it hit 8.71 per cent in December thanks to the steady prices of most of the food items.

Turnover of the Dhaka Stock Exchange (DSE) plunged to a two-and-a-half-year low to Tk 145 crore because of confidence crisis among the general investors.

The Bangladesh Garments Workers Unity Council (BGWUC) today demanded that the monthly minimum salary of the garment workers to be hiked by 175 per cent to Tk 22,000 from the existing Tk 8,000.

Idris Ali, a farmer of Kartikpasha village in Patuakhali’s Dumki upazila, has been cultivating mung beans after harvesting Aman paddy for about 20 years now.

Although Bangladesh stepped into a new year with various economic pressures stemming from global events, Finance Minister AHM Mustafa Kamal said he was confident that the country would not backtrack but make steady progress from where it was now. 

The earning from merchandise export in December grew by 9.33 per cent year-on-year to $5.37 billion, a single month historic high of Bangladesh.

Data on poverty levels in Bangladesh will be available by the end of March this year as the Bangladesh Bureau of Statistics (BBS) completed its Household Income and Expenditure Survey (HIES)-2022 last Friday.

The commerce ministry will again write to the finance ministry to provide a 10 per cent cash incentive to garment exporters making goods out of man-made fibres to offset the pandemic’s fallouts and challenges of Bangladesh’s country status graduation.

Annual container handling at the country’s premier sea port of Chattogram decreased 2.54 per cent year-on-year in the just concluded calendar year of 2022 owing to a downward trend in foreign trade. 

For the first time since December 2020, private sector borrowing from external sources declined as the appetite among firms eroded for increased borrowing costs.

Bangladesh received $22.07 billion in remittance in 2022, almost unchanged from a year earlier, although a record number of workers went abroad for jobs in the just-concluding year, Bangladesh Bank data showed yesterday. 

Janata Bank has promoted its general manager Md Ramjan Bahar to the post of deputy managing director, according to a press release.

Jute millers have urged the government to speed up the formation of a low-cost fund for the jute sector to allow entrepreneurs to modernise machineries of their dilapidated mills and increase productivity. 

The Dhaka Chamber of Commerce and Industry (DCCI) yesterday urged the government to focus on ensuring uninterrupted and affordable energy for both local and export-oriented manufacturing units to further accelerate Bangladesh’s economic recovery in 2023.

Prime Minister Sheikh Hasina yesterday asked businesspeople and industrialists in Bangladesh to at least pay the cost of generating and procuring electricity and gas if they want to avail an uninterrupted supply of energy.

The National Board of Revenue (NBR) may retain a VAT reduction of 5 per cent on edible oil for four more months to April 30 so that consumers do not feel the burden of the indirect tax on prices, said a senior official yesterday.

Bangladesh Bank yesterday rolled out an export facilitation fund of Tk 10,000 crore in order to help exporters gear up their businesses. 

Stock exchanges were off to a disappointing start in 2023 as the beginning of a new year failed to cheer investors worried about the persisting uncertainty at home and abroad.