ADB to review $13b projects next week

Dhaka, July 16 -- The Asian Development Bank (ADB) will review its nearly $13 billion projects in Bangladesh next week as many are struggling for implementation delays, officials said on Tuesday. The... Read More

Five years on, Mongla yet to bring ships, tugboats

Dhaka, July 13 -- The Mongla Port Authority has failed to procure three ships and two boats in five years, thus waiting to dissipate a cost overrun of Tk 1.69 billion. The authorities have recently s... Read More

Low-income people struggle as high inflation eats away income gains

Dhaka, July 8 -- Bangladesh's low-income earners face a painful erosion of their wages due to high inflation, despite some month-on-month income growth over the past year. Analysts say this has left m... Read More

Rising debt service pressures paltry forex reserves

Dhaka, June 27 -- Debt-servicing pressure against large foreign loans taken by Bangladesh builds up as repayment during 11 months to May rose 24.36 per cent, year on year, to US$3.0 billion. Although... Read More

Health slowest in sluggish ADP implementation

Dhaka, June 26 -- Health-service improvement is seen imperative to lessen costly foreign treatments by many but the sector again stands lowest in development performance with only 43.06 per cent of it... Read More

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

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