Inside Economy


Record amount of rice in country stock: Food Minister

Food Minister Sadhan Chandra Majumder said that the country has a record stock of 1.7 million metric tons of rice. Food Minister Sadhan Chandra Majumder told reporters after the second session of the second day of the Deputy Commissioners' (DC) Conference at the Osmani Memorial Auditorium in the capital on Wednesday (January 19). Read More...

Trade fairs will continue in compliance with the hygiene rules

The International Trade Fair will be held at the Bangabandhu Bangladesh-China Friendship Exhibition Center in Purbachal. As coronavirus infections continue to increase in the country, including Omicron, the government has issued 11 directives and restrictions across the country from January 13. Abdul Latif Boxi, senior information officer at the commerce ministry, confirmed the matter on Tuesday (January 11th). Read More...

IMF says emerging economies must prepare for Fed policy tightening

Emerging economies must prepare for US interest rate hikes, the International Monetary Fund said, warning that faster than expected Federal Reserve moves could rattle financial markets and trigger capital outflows and currency depreciation abroad. In a blog published Monday, the IMF said it expected robust US growth to continue, with inflation likely to moderate later in the year. The global lender is due to release fresh global economic forecasts on Jan. 25. Read More...

Per capita income will exceed three thousand dollars this year

Local government minister Mohammad Tajul Islam hopes that the average per capita income of the people of the country will exceed three thousand dollars this year. He expressed this hope in his speech as the chief guest at the 'Bill Collection Award' presentation ceremony organized by Dhaka WASA at Hotel Sonargaon in the capital on Sunday. Read More...

Maldives seeks 200 million loan from reserves

After the South Asian country Sri Lanka, another neighboring country Maldives has applied for a loan from the reserves of Bangladesh Bank. They want to borrow 200 million from Bangladesh against their own currency. The central bank is reviewing the Maldives' application. Bangladesh Bank spokesperson Sirajul Islam confirmed the matter. Sirajul Islam said it is not finalized how much loan would be given to the Maldives. They first applied for a 50 million loan but then asked for 200 million US dollars again. Bangladesh Bank is reviewing their application. Read More...

Handling capacity increased by 4,000 TEUs as Ctg port opens new service jetty.

The Chattogram Port Authority (CPA), on Sunday, inaugurated a newly built service jetty, overflow yard, and a modern swimming complex. With this, the port's container handling capacity increased to 53,018 TEUs (twenty-foot equivalent unit) from the existing 49,018 TEUs. Read More...


Handling capacity increased by 4,000 TEUs as Ctg port opens new service jetty

The Chattogram Port Authority (CPA), on Sunday, inaugurated a newly built service jetty, overflow yard, and a modern swimming complex. With this, the port's container handling capacity increased to 53,018 TEUs (twenty-foot equivalent unit) from the existing 49,018 TEUs. Read More...

Bangladesh will be a 500 billion dollar economy next FY: Finance Minister

Finance Minister AHM Mustafa Kamal said, “It has taken 19 years for our economy to grow to 100 billion. The size of our economy now stands at 411 billion and per capita income has risen to 2,554. In the next financial year, the size of our economy will be 500 billion dollars. Read More...

Govt. increases remittance incentive to 2.5%

The government has decided to increase the incentive in remittance sent by expatriate Bangladeshis to 2.5%. The move comes as authorities want to encourage more migrant workers to send money through legal channels. It has been made effective since 1 January 2022, reads a press release issued in this regard on Saturday. Read More...

Month-long trade fair started today

The Dhaka International Trade Fair is starting today, January 1. The month-long fair will be held at the newly constructed Bangabandhu Bangladesh-China Friendship Exhibition Center in Purbachal. Prime Minister Sheikh Hasina is expected to inaugurate the fair via video conference from Ganobhaban. Read More...

Stocks plunge on Omicron fear

Indices of the country's stock exchanges saw a sharp downfall on Sunday (12 December) on Omicron fear as the country has detected the first case of the new variant of the coronavirus. The benchmark index DSEX of the Dhaka Stock Exchange (DSE) lost 64 points or 0.92% to settle at 6,920. The blue-chip index DS30 also fell 1.06% to 2,604 points. Read More...

Bitcoin falls by a fifth, cryptos see $1 billion worth liquidated

Bitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars’ worth of selling across cryptocurrencies. Bitcoin was 12% down at 0920 GMT at $47,495. It fell as low as $41,967.5 during the session, taking total losses for the day to 22%. The broad selloff in cryptocurrencies also saw ether, the coin linked to the ethereum blockchain network, plunge more than 10%. Read More...

Online marketplace Alesha Mart halts all official activities

Alesha Mart, an e-commerce platform, has shut down due to "security issues." The online marketplace said in a Facebook post early Thursday that its operations would be suspended until further notice. Read More...

Stocks show signs of recovery

The Dhaka bourse bounced back in the first two hours of trading today after falling for consecutive six days. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), soared 46 points, or 0.67 percent, to 6,819.73 until 12:20 pm. At the DSE, 304 stocks advanced, 41 fell and 25 were unchanged. Read More...

Bangladesh ready for extensive foreign investment

A hundred economic zones and a dozen hi-tech parks in the making, 11 thrust sectors with high prospects, and unexplored newfound territorial waters are among the strengths Bangladesh has showcased to potential global investors. In addition, a significant decrease in the poverty rate and gradual increase in per capita income make the fast-growing, $411-billion South Asian economy offer an enormous market for a wide range of products and services. And this Bangladesh is the right choice for foreign investors to put their money into, development partners, diplomats, and businessmen told the plenary session of a two-day investment summit in Dhaka on Sunday. Read More...

Chinese firms offer $70m in green energy, RMG and footwear

Two Chinese firms have proposed a total $70 million investment in Bangladesh for renewable energy, apparel, and footwear manufacturing, said the authorities. The companies – Guopu Renewable Energy Technology and Hangshou JY Supply Chain – submitted the investment proposals to the Bangladesh embassy in Beijing that have been forwarded to Bangladesh Investment Development Authority (Bida), said Bida officials. According to the proposals, Guopu is interested to invest around $50 million in solar and wind power. The company has requested to arrange 200 acres of land and water bodies where they would install the green energy generating units. Read More...