More in Economy
Bangladesh’s economy facing three challenges – inflation, debt, slow growth: CPD
Debapriya Bhattacharya, a distinguished fellow at the Centre for Policy Dialogue (CPD), has underscored three critical challenges confronting Bangladesh: persistent inflation, a burgeoning debt burden, and sluggish economic growth. Speaking at a dialogue titled ‘New Government, National Budget and Citizens’ Aspirations’ at Lakeshore Hotel in the capital, Bhattacharya shed light on the pressing issues affecting the nation’s […]
BY Insider Desk
Budget deficit widens to Tk 230B amid surging spending
Bangladesh’s fiscal landscape continues to grapple with a widening budget deficit, with the shortfall for the first seven months of the current fiscal year ballooning to nearly Tk 230 billion. Government expenditure has outpaced revenue receipt, exacerbating the deficit, which stood at Tk 83.38 billion during the initial six months of the fiscal year beginning […]
BY Insider Desk
Five key takeaways for Bangladesh from WEF 2024
The 2024 World Economic Forum (WEF) took place in Davos earlier this year under the theme “Rebuilding Trust Amid Uncertainty.” It addressed global challenges that directly affect Bangladesh, a nation grappling with climate vulnerability, economic instability, and the need for sustainable development. We summarize the key takeaways from the summit and what it means for […]
BY Ariyana A Khan
Startup ecosystem shaken, braces to wait out the storm
Bangladesh’s position in the world’s startup ecosystem has fallen from 103rd to 123rd in 2022, indicating a downward trend in startup activity. In addition, total funding decreased from USD 50 million in 2021 to USD 22 million last year, along with a significant lack of local angel investment, a crucial funding source for early-stage startups. […]
BY Insider Desk
Oil prices continue to decline
Oil prices continue to decline for a second consecutive day as concerns about a global economic slowdown resurface, undoing the earlier gains prompted by Saudi Arabia’s unexpected commitment to deepen output cuts. Brent crude futures dropped by 0.7%, or 56 cents, to $75.73 per barrel, while U.S. West Texas Intermediate crude futures fell by the […]
BY Insider Desk