Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
For the past few years, economists and researchers have been demanding to increase interest on bank loans to bring inflation under control. Bangladesh Bank did not pay any attention to this. However, on January 17 this year, Bangladesh Bank adopted contractionary monetary policy. To control inflation, Bangladesh Bank has slightly increased the policy interest rate […]
After a lot of trials, tests and moves, Bangladesh Bank finally accepted the IMF's conditions and adopted a new foreign exchange system. The crawling peg is not completely market-based. The dollar will remain at a moderate rate, like currently 117 taka. The exchange rate will remain around this. It is not that this will solve […]
Most economic indicators – inflation, dollar crisis, foreign exchange reserves – have worsened, resulting in increasing pressure on the overall economy. The cost of doing business has increased due to the increase in interest rates by Bangladesh Bank. The banking sector has become weak as money is being taken from banks in real and fake […]
According to Bangladesh Bank, the country received remittances worth US$900 million in the first 12 days of this month. Under the crawling peg method, the price of the dollar has been increased to 117 taka per dollar. Officials are expecting an increase in foreign income inflows as a result of this initiative. Moreover, he believes […]
Bangladesh Bank spokesperson Mezbaul Haq attributed the decline in reserves to payment of import bills for the past two months. Looking ahead, the spokesperson noted the disbursement of the IMF loan tranche next month and the estimated receipt of more than $2 billion from migrants this month. This will increase the flow of dollars and […]
As updated by the Finance Ministry, lenders provided a total of US$ 1.77 billion in FY 2022-23. The highest amount received as budget support was US$ 2.6 billion in FY 2021-22, up from US$ 1.09 billion in the previous fiscal year and US$ 1 billion in FY 2019-20. In the last fiscal year, Bangladesh has […]
However, exporters said the exchange rate appreciation would benefit them more unless other costs of doing business increase as they would earn Tk 6-7 more per dollar and this would increase their competitiveness in global markets. In this regard, Syed Naseem Manzoor, managing director of leading leather goods exporting company Apex Footwear and former president […]
According to the report, Bangladesh had to repay more than US$2.03 billion, including interest, for loans taken from various development partners in the first eight months of the current fiscal year, compared to US$1.42 billion at the same time last year. There has been an increase of 610 million US dollars in repayment of foreign […]
The prices of everyday essentials have increased in another phase before the holy month of Ramadan. Businessmen have identified four reasons behind this increase in prices of daily essential commodities – high price and dollar crisis, extortion, syndicates and high tariff rates. Common traders involved in the business of daily essential commodities met on Wednesday […]
At present the power generation capacity in the country is 26,000 MW, but power generation reaches 13,000-15,000 MW in summer and 8,000-9,000 MW in winter. To date, the highest electricity, 15,648 MW, was generated on 19 April 2023. Gas contributes 42 per cent of the total power generation capacity, furnace oil 24 per cent and […]
Gas Transmission and Distribution Company Limited (GTCL) has two parallel pipelines to bring LNG from Maheshkhali. It comes up to Anwara in Chattogram. Of these, a maximum of 500 million cft can be moved through a 30-inch pipeline and 1.2 billion cft can be moved through a 42-inch pipeline. However, after Anwara station, the pipeline […]
Motorcycle sales were increasing year after year in the country. But motorcycle sales declined last year. According to BRTA, more than 500,000 motorcycles were to be registered in 2022. Sales dropped to about 300,000 in 2023. Motorcycle sellers said the price of motorcycles saw an increase of between Rs 10,000 and Rs 30,000 due to […]
According to the capital markets regulatory body, BSEC, and financial reports of related companies, it is currently known that a total of Tk 2.2 billion of dividends are stuck in the country. These dividends belong to three multinational companies: Berger Paints Bangladesh, Marico Bangladesh, and Reckitt Benckiser Bangladesh. Among them, Berger’s has the highest amount […]
