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Cost audit being mandatory for state-owned companies
Cost audit being mandatory for state-owned companies

Economics

Cost audit being mandatory for state-owned companies

The government has taken steps to make cost audits mandatory for state-owned companies to enhance financial transparency and operational efficiency, citing long-standing inaction on cost audits has been a major reason for continued losses in many public enterprises.

How Bangladesh can learn from U.S. GENIUS Act
How Bangladesh can learn from U.S. GENIUS Act

Economics

How Bangladesh can learn from U.S. GENIUS Act

Remittances are a vital pillar of Bangladesh’s economy. In 2024-25 alone, the country received over USD30.00 billion from its diaspora, supporting millions of families and fueling domestic consumption. For many households, these funds are not just supplemental income—they cover essential expenses such as food, education, healthcare, and housing. Despite their importance, sending money home remains expensive, often costing between 5% and 7% per transaction, significantly above the global average. Slow transfers, high fees, and reliance on traditional banking corridors continue to limit the effectiveness of remittances, reducing their potential impact on the broader economy. Reducing costs while increasing remittance volume is no longer optional; it is a strategic necessity.

We have fallen into a debt trap: NBR chairman
We have fallen into a debt trap: NBR chairman

Economics

We have fallen into a debt trap: NBR chairman

“We have already fallen into a debt trap, and unless we accept this truth, it will not be possible to move forward,” said Md Abdur Rahman Khan, chairman of the National Board of Revenue.

Inflation rises to 8.29% in Nov
Inflation rises to 8.29% in Nov

Economics

Inflation rises to 8.29% in Nov

The country’s overall inflation saw a slight increase in November, reaching 8.29%, according to the latest data released by the Bangladesh Bureau of Statistics (BBS).

No dollar crisis in Bangladesh: BB Governor
No dollar crisis in Bangladesh: BB Governor

Economics

No dollar crisis in Bangladesh: BB Governor

Bangladesh Bank Governor Dr. Ahsan H Mansur has said the country is not facing any dollar shortage.

The moral geography of livelihoods
The moral geography of livelihoods

Economics

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.

Objectionable conditions of development partners must be rejected
IMF

Economics

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 compliance to competitiveness: Bangladesh’s readiness for ESPR in EU market
From compliance to competitiveness: Bangladesh’s readiness for ESPR in EU market

Economics

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
Why poverty increasing in country

Economics

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.

Savings certificates interest rates reduction: To add insult to injury
Savings certificates interest rates reduction: To add insult to injury

Economics

Savings certificates interest rates reduction: To add insult to injury

A kind of panic and adverse reaction have been created among the country’s ordinary savers after the government decided to reduce the profit rates on savings certificates on June 30.

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