Economics
Dr. Mohammad Ayub Miah named chairman of Sammilito Islami Bank
Bangladesh’s newly formed Sammilito Islami Bank, the country’s largest government-backed Islamic bank, has officially commenced operations after receiving final approval from Bangladesh Bank.
No dollar crisis in Bangladesh: BB Governor
Bangladesh Bank Governor Dr. Ahsan H Mansur has said the country is not facing any dollar shortage.
Digital banking in Bangladesh: Business models, challenges and opportunities
Bangladesh Bank has twice invited applications for establishing digital banks in the country. Under the previous government, two licenses were politically approved and granted—one to Nagad and the other to Kori. However, following the political shift after 5th August 2024, those licenses were suspended.
The moral geography of livelihoods
In the daily landscape of Bangladesh’s economy, millions sustain the nation not merely through labor, but through moral discipline, integrity, and human endurance. Some open shop shutters at dawn, others pedal rickshaws through narrow lanes, while others work abroad sending remittances home.
To help small entrepreneurs compete in global market, export earnings must be paid quickly
There are no exact statistics on how many small entrepreneurs in Bangladesh are currently engaged in IT and B2C e-commerce businesses. However, their numbers are increasing, and with the right policies, exports and export diversification from this sector could grow further. These small entrepreneurs mainly run their businesses using social media platforms such as Facebook, Instagram and F-commerce.
Objectionable conditions of development partners must be rejected
In response to the request of the previous government, in 2023 the International Monetary Fund (IMF) approved a loan of 4.7 billion US dollars in favour of Bangladesh. Although Bangladesh had sought 4.5 billion dollars in the original loan application
From LDC to Global Player: Reinforcing Pharma Regulations and Capabilities
Pharma sector is one of our prouds as it takes care of 98% of local demand and thus saving about USD 7-8 billion of foreign currencies as per industry leaders. The domestic pharmaceutical market is about to reach USD 6 billion by 2025. The sector contributes around 1.83% of GDP. The forcast for attracting FDI is nearby USD 23 billion by 2030. However the sector is heavily import dependent, annual otflow of approximately USD 1.3 billion for Activated Pharmaceuticals Ingriedients(API) import. Export of pharma products is close to USD 200 million to 150+ countries. The sector created a huge number of white colour jobs from different Universities of Bangladesh.
If new products not added to export list, Bangladesh will lose tariff war
The United States has imposed additional tariffs at varying rates on export products from different countries. This move has caused grave concern worldwide. The first such announcement of higher tariffs came last April. Implementation was then postponed for three months. During this time, several countries tried through negotiations to reduce the imposed tariff rates. Most were successful. For instance, an additional 37 percent tariff was initially imposed on Bangladeshi exports. Vietnamese exports faced 46 percent, Indian exports 26 percent, and Chinese exports a staggering 125 percent. Later, however, tariffs on Chinese exports were reduced to 30 percent.
From compliance to competitiveness: Bangladesh’s readiness for ESPR in EU market
EU’s Eco-design and Sustainable Products Regulation (ESPR) entered into force from July 2024, as a part of the package of measures for transition to circular economy. EU besets their environmental and climate goals, circularity and energy efficiency targets by 2030. For specific products, such as textiles and steel ESPR will be implementable from 2026. ESPR contains a number of new measures of which digital product passport (DPP), rules to address destruction of unsold consumer goods, green public procurement etc. For transformation process from compliance to competitiveness government ownership and private sector earnestness is imperative.
Why poverty increasing in country
For more than three years, people’s real income has failed to keep pace with the high inflation gripping the domestic economy. As a result, households across all classes and professions are under pressure.