Tag: economy
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A white paper that sheds light on gray areas
Talking about the vital sector of energy and power, Dr M Tamim, Vice-Chancellor of IUB and Professor of BUET, pointed out how during the previous regime, the power nexus had manipulated policy leading to corruption. Maximum illegal transactions took place through underhand dealing and there was also geopolitical influence in project approvals. The energy expert…
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Why is Bangladesh failing to attract foreign investment?
The way to increase foreign direct investment in Bangladesh is to create a skilled workforce and reduce political unrest. The main factor attracting foreign investment in Bangladesh is cheap labour. But cheap labor alone is no longer sufficient to warrant significant investment. Along with the development of information technology, every possible effort should be made…
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Cooking, cellphone, internet, medicine expensive
Cooking, cellphone, internet, medicine expensive
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Why was VAT increased suddenly, what is the condition of the economy?
Why was VAT increased suddenly, what is the condition of the economy?
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Employment fell, remittances increased, only Saudi labor market opened
According to Bangladesh Bureau of Manpower, Employment and Training (BMET), 617,000 workers went abroad for employment in 2021. The next year this figure increased to more than 1.1 million (11 lakh) employees. With an increase of 200,000, the number is set to exceed 1.3 million (13 lakh) in 2023. However, last year it dropped by…
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The economy faces a tough challenge in the new year
The economy faces a tough challenge in the new year
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Bangladesh sees highest ever remittance inflow in December
Bangladesh recorded its highest-ever remittance inflow in December, receiving US$2.64 billion in the last month of 2024. Remittance inflows have increased since the interim government took charge in August. The previous highest remittance inflow was US$2.59 billion in July, 2020. More than US$2 billion in remittances have been received every month since the political change…
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Prices of Qurbani animals high despite extra availability on Eid-ul-Adha
Eid-ul-Azha will be celebrated in Bangladesh on Monday, so the sale of sacrificial animals has started tomorrow i.e. Thursday in a total of 20 permanent and temporary markets in Dhaka city – nine cattle markets in Dhaka South and 11 cattle markets in Dhaka North city corporations. The sale will continue until the morning of…
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Economy mired in corruption, irresponsibility and inefficiency
Hossain Zillur Rahman, another former caretaker government adviser, emphasised the need for tact, honesty and prudence in policymaking during the transition from a group of least developed countries (LDCs). He did not find these qualities in the proposed budget. He said, “The youth are disappointed with the country. Nearly 50 percent of them do not…
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Protecting weak banks should not come at the cost of destroying the economy
Ahsan H Mansoor, executive director of research organisation Policy Research Institute (PRI), has warned that the economy should not be destroyed to save weak banks. “The policy has to be maintained and we should not back down from it. Commercial banks, which themselves are responsible for the liquidity crisis, are being supplied with money. The…
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Understanding the shadow economy: Challenges of money laundering in Bangladesh
Data from the Washington-based Global Financial Integrity (GFI) shows that at least US$8.27 billion (910 billion taka) has been looted from Bangladesh under the guise of international trade from 2009 to 2015. This much money has been looted by overstating the import of goods and understating the export of goods. It is difficult to get…
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Economist Waheeduddin Mahmud warns of economic instability and foreign debt trap in Budget 2024-25 analysis
Fundamental weaknesses have been exposed in the entire economic system. Comprehensive qualitative changes are required, otherwise it will not be possible to overcome the crisis. Wahiduddin Mahmud raised the question whether any such initiative was taken from the highest level of the government. The government is continuously taking foreign loans. Expenditure on interest has increased…
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Bangladesh Budget 2022 Analysis: Evaluating its impact on economic crisis and inflation control
Prothom Hello , This is the fourth term of the Awami League and the first budget of the new finance minister. What is new in this budget? Broadly, how would you evaluate it? There were a lot of expectations from this budget. Our economic problems or crisis, whatever you call it, have been going on…
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Budget 2024-25: Big gap between income and aspirations
The proposal to convert black money into white money in the new budget is being criticized the most. Despite giving special facilities to tax evaders, the government cannot discriminate against honest taxpayers. While they are paying a maximum of 30 per cent tax, people with black money will be exempted from only 15 per cent…
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Finance Minister: Wait 6 months for inflation measures to take effect: Ali
The minister said, “We have taken all steps to control inflation, and are looking at what more we can do to rein in inflation.” He also said that contractionary measures will continue for now. Aiming to tackle inflation, the Finance Minister on Thursday presented the proposed national budget of Tk 7.97 trillion for the fiscal…