Wage Growth Continues to Lag Behind Inflation

Amid ongoing inflationary pressures in Bangladesh, wage growth has slowed down and failed to keep pace with the rising prices of essential goods and services. According to a recent report by Bangladesh Bank, point-to-point general inflation rose to 8.34% in September, up from 8.26% in August. Continue Reading

Global Oil Shipping Costs Rise by $17

Amid the ongoing Iran conflict and escalating tensions surrounding the Strait of Hormuz, global crude oil transportation freight rates have surged dramatically from $3 to $20 per barrel within a single year. Rising maritime route uncertainties, tanker attacks, and heightened war risks are severely driving up shipping costs. US investment firm Goldman Sachs warns that […]Continue Reading

Remittance Inflows Cross $1.5 Billion in Two Weeks

In the first 14 days of October, Bangladeshi expatriates working abroad sent home $1.516 billion (1.516 billion USD) in remittances. In local currency, this amounts to Tk 18,646.80 crore (at an exchange rate of Tk 123 per dollar). Arif Hossain Khan, Executive Director and Spokesperson of Bangladesh Bank, shared this information on Thursday. According to […]Continue Reading

Bangladesh Could Become One of the World’s Top 30 Economies

Despite the global economic slowdown, climate-related risks and a range of geopolitical challenges, Bangladesh has continued its pursuit of sustainable growth and economic transformation. The country’s positive economic prospects were reflected in remarks by local and foreign diplomats, economists and policy analysts at the three-day international conference ‘Bay of Bengal Continue Reading