Dhaka July 25, 2025, 11:25 pm
The eminent economist elaborated on the steps taken by all the South Asian central banks to address the global economic crisis which is still creating serious uncertainties in the global financial and energy markets
Speakers at a seminar on Sunday opined that the current economic stress is temporary as all major indicators of the country are steadily coming back on the track
Bangladeshi expatriates living in different countries remitted US$813 million in the first 10 days of August in a welcome respite for the economy, registering a 20 percent year-on-year growth
The people with limited income are now struggling to cope with the increased costs of living as most of them have not seen any salary hike since the outbreak of the coronavirus pandemic nearly three and half years back
Remittance inflow from August 1 to 10, 2022 was $813 which was $675 from August 2 to 10 in the bygone year
The Bangladesh Bank on Jul 18 announced a new loan rescheduling policy after nine years to “reduce the pressure on the economy”
What, however, will be important is the expeditious construction of a four-, or six-lane road between Khulna and Mongla and a rail link between the two places
Exports could grow to between $38 and $40 billion this year - or 6-12 percent growth - and that the next year "could be even worse if the global economy tips into recession"
Banks can now establish drawing arrangements, an official channel to receive remittances, with exchange houses abroad without prior permission
The minister made the observation at a meeting with journalists in his office at the Ministry of Finance
It also urged the government to revert the decision on the fuel price hike saying, the impact of the hike will have a multiplier effect on the economy
Petrobangla is also hopeful of new prospects in Sylhet and Chattogram zone
Dhaka expects $4.5b as budget support
Economists and former NBR officials criticized the amnesty saying that money laundering and capital flight from Bangladesh would increase due to this
The National Board of Revenue (NBR) has struck three agreements to trace errant landlords and car owners as part of efforts to widen the tax net
The revenue is estimated to be generated from value-added tax (VAT) at sale stage
The feared fallouts are reverting poverty rate, education dropout and malnutrition
Floods in Bangladesh further confirm the growing loss potential from floods in urbanised areas
The NBR has offered the amnesty of not asking the source of such money, so that expatriates can feel comfortable
Bangladesh's economy comparatively still is in better position than many emerging economies
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