South Korea's development: A model for our future growth
South Korea's development: A model for our future growth

Bangladeshs economy is showing steady improvement, driven by the growth of its garment industry and significant remittances from expatriates. This progress has led to increased production and economic activity, raising the standard of living compared to previous years. In 1975, the countrys per...

Economy in a greater crisis than politics: Mintoo
Economy in a greater crisis than politics: Mintoo

Abdul Awal Mintoo, former president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and Vice Chairman of the Bangladesh Nationalist Party (BNP), has raised serious concerns about the countrys economic condition, stating that it is in a more precarious position than...

‘Better water management can turn flood risks into economic scopes’
‘Better water management can turn flood risks into economic scopes’

Experts at a roundtable emphasised the importance of improving flood management, suggesting that effective handling of flood risks could be transformed into economic opportunities. Taking part in the roundtable discussion on Water and Bangladesh: Challenges and Opportunities, the experts...

Bold and timely reforms will help Bangladesh achieve inclusive growth: WB
Bold and timely reforms will help Bangladesh achieve inclusive growth: WB

The World Bank (WB) has observed that bold and timely reforms will help Bangladesh create quality jobs and achieve inclusive growth, reports BSS. Bangladeshs post-COVID recovery continues to be impacted by high inflation, balance of payments deficit, financial sector vulnerabilities, and...

Foreign banks reluctant to issue LCs for some banks in the country
Foreign banks reluctant to issue LCs for some banks in the country

Many foreign banks are now hesitant to accept letters of credit (LC) from Bangladeshi banks, despite a recent improvement in dollar liquidity within the country. While the increased dollar supply has eased pressures related to import liabilities and foreign debt repayments, local banks remain...