Economist
Investment summits alone won’t help without improving investment climate
A four-day international investment summit was recently held in Dhaka. Given the changing global and domestic context, this event carried particular significance. According to the Bangladesh Investment Development Authority (BIDA), foreign investors attending the summit proposed investments amounting to Tk 310 billion. Some of these proposals were already in the pipeline. While this is certainly encouraging, especially amidst global economic instability, the mere announcement of investment proposals is not enough.
ISPR requests not to get misled by rumours over security of St. Martin’s
Inter Services Public Relation Directorate (ISPR) has urged all not to be misguided by rumours spreading through social media over the security of St. Martin’s island centering Myanmar's ongoing internal conflict near the island.
Multifaceted pressures on country's economy
The inflation rate in government surveys is nearing 10 percent. Middle and lower-income groups are struggling to cope with rising expenses. The devaluation of money is rampant, with the exchange rate of the dollar being misused. Over the past three years, the value of the dollar has increased by 30 taka. Alongside a decline in revenue in several key sectors, there's an active stream of income from expatriates, affecting the country's foreign currency reserves
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