Inflation rose to 8.29% in November, driven chiefly by an increase in food prices that continued to strain household budgets across the country, particularly for low and fixed-income groups. The figure is 12 basis points higher than October's rate of 8.17%, according to data released by the...
Dhaka’s shoppers had begun to breathe a little easier as winter vegetables flooded the markets and drove down prices. That brief sense of relief has been checked by a sudden rise in soybean oil and a fresh increase in the cost of local onions. A visit on Friday (5 December) to Khilkhet, Karwan...
Bangladesh Bank Governor Ahsan H Mansur warned on 4 December that around Tk70,000 crore will be required to stabilise the country’s weak banks, cautioning that the repair cannot be carried out in one sweep. Speaking during a dialogue with business leaders at the Bangladesh Investment Development...
The Asian Development Bank and the World Bank Group have announced the first two projects to be delivered under their new Full Mutual Reliance Framework, marking a significant step in efforts to simplify and speed up development financing across the Pacific. The announcement was made in Manila on...
Bangladesh has launched its first investment matchmaking portal to connect local entrepreneurs with foreign investors, officials announced on 3 December at Bida’s headquarters in Dhaka. Chowdhury Ashik Mahmud Bin Harun, executive chairman of Bangladesh Economic Zones Authority (BEZA) and...
Despite the formal merger of five Shariah-based banks into the newly created Sammilito Islami Bank, the process to delist the individual institutions from the capital market has not begun, leaving thousands of retail investors in a state of doubt. Regulators say they have received no application...
