Category: Bangladesh

Overview. On the political front, all elections have been postponed due to the ongoing pandemic. On the economic front, in more positive news, the IMF has upgraded Bangladesh GDP growth rate projections for 2021 from 4.4% to 5%. Export earnings have also risen more than 12% year-on-year, while FMO, a Dutch entrepreneurial development bank, has…

Overview. March was dominated by the celebration of Bangladesh’s golden jubilee and the centenary of Bangabandhu Sheikh Mujibur Rahman’s birth, with many leaders from the region coming to Bangladesh as part of the celebration. The visit of Indian Prime Minister Narendra Modi proved to be contentious, with clashes between police and Islamist organization Hefazat-e Islam…

Overview. The ruling Awami League have won in a whopping 88% of municipalities in the fourth phase of the ongoing municipal elections. The central bank has ordered non-bank financial institutions not to give dividends of more than 15% for the financial year. The country’s foreign reserves set a new record of more than USD 44…

Overview. Ruling party Awami League’s General Secretary Obaidul Quader has claimed that the victory of the party in the municipality elections is a sign of the people’s desire for progress and development. The UN has reported that Bangladesh GDP growth fell to 0.5% in 2020, compared to 8.4% in 2019.…… Read the rest

Overview. The ruling Awami League has won the first phase of the municipal elections, winning 18 out of the 24 contested seats. ADB has forecast a 6.8% GDP growth for Bangladesh in the current fiscal year, despite the ongoing pandemic. Pharma companies saw profits increase in the first quarter of the ongoing fiscal year.…… Read…

Overview. The ruling party and opposition party have blamed each other for the setting on fire of buses that took place throughout the capital on 12th November. The central bank is paving the way for small merchants to open bank accounts without a trade license; a very good development that will bring many small businesses…

Overview. The government has approved the extension to BNP Chief Khaleda Zia’s jail term suspension by six months. The World Bank has said that Bangladesh’s GDP growth is set to slow down to 1.6% in the fiscal year 2021 because of the effects of the Covid-19 pandemic. Square Pharmaceuticals is planning to invest Tk.…… Read…

Overview. Prime Minister Sheikh Hasina addressed the UN General Assembly regards C19 vaccine distribution concerns. The Asian Development Bank has projected a GDP growth of 6.8% for Bangladesh in the 2020-21 fiscal year. Banks have so far disbursed around only half of the C19 stimulus package money. Prime Minister Comments at the UNGA.…… Read the…

Overview. There are potential signs that the government is suppressing the opposition. On the economic front, Bangladesh’s GDP growth in the past fiscal year has been 5.24%, according to provisional estimates by the Bangladesh Bureau of Statistics and export earnings have rebounded slightly after falling consecutively for six months. Alleged Suppression of Opposition.…… Read the…

Overview. Prime Minister Sheikh Hasina said that the government will reveal the irregularities that have been occurring in the country’s health sector. Economic losses as a result of C19 might have reached USD 21 billion in the just concluded fiscal year. Bangladesh Bank has created a loan fund for the July wages of export-oriented sector…