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Jul-Jan budget deficit up 73pc on slow tax receipts

Dhaka, May 19 -- Bangladesh's budget deficit surged by 73.04 per cent in the first seven months of the current fiscal year compared to the same period in FY24, driven largely by sluggish tax collectio... Read More


Fast tracks, slow payback

Dhaka, May 15 -- Dhaka's metro rail is operating at a daily loss of nearly 47 per cent, raising concerns about the long-term financial sustainability of the capital's high-profile mass-transit project... Read More


PMI indicates softer pace of economic expansion

Dhaka, May 7 -- Bangladesh's Purchasing Managers' Index (PMI) slowed in April, falling 8.8 points from the previous month to 52.9, signaling a softer pace of economic expansion. The latest reading re... Read More


Local toiletry, hygiene items replacing imports steadily

Dhaka, May 6 -- Why go for imported expensive products when local buys of veritably same-quality substitutes can save one over 35-percent expenses is a moot question prompted now by domestic industria... Read More


New banknotes to release within few weeks

Dhaka, April 29 -- The Bangladesh Bank is set to release fresh banknotes in the coming weeks, commemorating the national heroes. Sources at the central bank said the printing process has already been... Read More


Local currency near-competitive with dollar in foreign trade

Dhaka, April 18 -- A price correction in March brings the Bangladesh currency to a more competitive level in foreign trade, after having stayed significantly overvalued against the US dollar in Januar... Read More