In December,Food Inflation Drops to 12.92%, Overall Inflation at 10.89%
Food costs have decreased, bringing the nation’s total price inflation down to 10.89%. Food inflation decreased from 13.8% in November […]
Economy
Unemployment in Bangladesh Climbs by 1.7 Lakh in Just One Year, Reaching a Total of 26.6 Lakh
Bangladesh’s unemployment problem is growing, and the latest numbers paint a worrying picture. In just one year, the number of
20% Order Cancellations in 6 Months Threaten 100 Factories in Bangladesh’s Garment Industry
Bangladesh’s garment industry is facing challenges, with nearly 20% of foreign orders canceled in the last six months. Worker unrest,
Government to Acquire 1.10 Crore Litres of Edible Oil and 1 Lakh Tonnes of Fertiliser
Today, January 2, the government approved different plans to purchase 10,000 tonnes of lentils, 1,00,000 tonnes of fertilizer, and 1.10
Economic Crisis in Bangladesh: City Bank Slashes FY24 GDP from $459B to $300B
City Bank Capital has revised Bangladesh’s GDP estimate for FY24 to USD 300 billion, a significant drop from the government’s
Bangladesh Bank Lowers Cash Margin for Eco-Friendly Car Imports
The Bangladesh Bank reduced the cash margin required for getting letters of credit (LCs) for eco-friendly automobile imports, taking effect
NBR Plans to Increase VAT on restaurants, hotels, clothing
The National Board of Revenue (NBR) wants to increase the value-added tax (VAT) on eateries from 5% to 7.5%. The
VAT Raised on Key Goods in Bangladesh: Consumers to Face Higher Prices
In Bangladesh, the government is planning to increase the VAT from 5% to 15% on items like restaurant meals, sweets,
Bangladesh’s Rice Production Expected to Fall in 2024-25, USDA Reports
The U.S. Department of Agriculture (USDA) predicts that Bangladesh’s rice production will fall to 3.66 crore tonnes in the 2024-25
By 2039, Bangladesh’s GDP will Overtake Switzerland and Sweden
Bangladesh now ranks 37th out of 189 nations with a GDP of $434 billion. The London-based Centre for Economics and