Economy loses as one-fifth youths lack education, employment

Dhaka, June 23 -- About a fifth of Bangladesh's young population is still deprived of education and employment both as per official count, which analysts term alarming for a growing economy. A total ... Read More

1.0pc of educated population obtain technical degrees

Dhaka, June 16 -- Less than one per cent of the educated population in Bangladesh has obtained technical degrees, showing the country's one of the major weaknesses in its march towards a middle-income... Read More

Govt counts Tk 5.19b in cost overrun

Dhaka, June 13 -- Cost and time overruns in procurement of 35 ships and ancillary works cost public exchequer a king's ransom -- an additional Tk 5.19 billion -- and the buys still remained unfinished... Read More

Inflation climbs higher, villagers bear brunt

Dhaka, June 3 -- Villagers get worst hit of price shocks as the overall high inflation in Bangladesh climbed higher and the rural rate hit a double-digit high in May, official data showed. The inflat... Read More

Budget deficit to remain high in next fiscal year also

Dhaka, May 29 -- Budget deficit in the next fiscal year is likely to be Tk 2.50 trillion as the government frames a slightly expansionary budget amid ongoing elevated inflationary pressure, officials ... Read More

ADP implementation at 3-year low in July-April

Dhaka, May 27 -- Government agencies have failed to implement even half of their planned development works in the first 10 months of the current fiscal year (FY) 2023-24, according to officials. This... Read More

Not even half of development work implemented in 10 months

Dhaka, May 27 -- The government agencies have failed to implement even half of their development work in the first 10 months of this fiscal year (FY) 2023-24, officials said on Monday. More than 50 p... Read More

Govt to allocate Tk 350bn in power subsidy for FY25

Dhaka, May 25 -- The government is going to allocate Tk 350 billion as a subsidy for the power sector in the upcoming national budget to settle capacity charges and other bills owed to private electri... Read More

Project gets one-year extension to June 2025 with Tk 35.44m funds

Dhaka, May 18 -- The government has extended the execution deadline of the Padma Bridge railway link project with a substantial allocation of Tk 35.44 billion in the next development budget, officials... Read More

Execution delayed as CPA fails to utilise three-fourths of funds

Dhaka, May 11 -- The Chittagong Port Authority (CPA) has sought nearly six times higher funds in the upcoming development budget for Matarbari port development project despite its failure to spend thr... Read More