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May 15, 2025
Economy Tag : Import

Bangladesh is projected to remain the world’s top cotton importer in MY2025-26, with imports reaching 8.5 million bales, ahead of Vietnam’s 8 million, according to the USDA. This surge aligns with a 10.86% year-on-year rise in Bangladesh’s RMG exports to $30.25 billion in the first 10 months of FY25. Global cotton consumption is forecasted to hit a five-year high of 118.1 million bales, while global trade is expected to rise by 2.3 million bales to 44.8 million. Bangladesh’s increased US cotton imports aim to reduce the bilateral trade gap and support its bid for duty-free access to the US market, where its goods face a 15.62% average tariff. Local production meets only 2% of Bangladesh’s annual demand of 9 million bales, prompting calls to raise this to 20%. Falling energy costs, a weaker dollar, and stable prices are expected to benefit Bangladeshi millers amid rising global demand and shifting trade flows.

May 15, 2025
Economy Tag : Debt

Bangladesh is set to receive $3.5 billion in external financing in June, including $1.3 billion from the International Monetary Fund (IMF) as part of the fourth and fifth tranche payments under its loan program, confirmed Bangladesh Bank Governor Ahsan H Mansur. The remaining $2.2 billion will come from the Asian Development Bank, the World Bank, and the Japan International Cooperation Agency (JICA). Concurrently, Bangladesh Bank announced a shift to a market-based exchange rate regime, moving away from the previous partially flexible system, with expectations of stability driven by strong export and remittance inflows. The IMF’s fourth review, completed after discussions in Dhaka and Washington in April, paved the way for the tranche releases, alongside agreed reforms in revenue management and exchange rate policy. Additionally, $2 billion in budget support from development partners is anticipated, with the government emphasizing that reforms are nationally planned and partners provide only technical assistance.

May 14, 2025
Economy Tag : Govt.

In a major reform move, the Bangladesh government has officially dissolved the National Board of Revenue (NBR) through an ordinance, replacing it with two new divisions—Revenue Policy and Revenue Administration—under the Ministry of Finance. This restructuring, enacted late Monday night with presidential approval, fulfills an IMF condition aimed at separating tax policy from administration to modernize the tax system and improve revenue collection. The Revenue Policy division will handle tax laws and treaties, while Revenue Administration will focus on enforcement and compliance. The move has sparked protests across all levels of NBR staff, who are now organizing under the newly formed NBR Reform Unity Council.

May 15, 2025
Industry : RMG & Textile

Bangladesh is projected to remain the world’s top cotton importer in MY2025-26, with imports reaching 8.5 million bales, ahead of Vietnam’s 8 million, according to the USDA. This surge aligns with a 10.86% year-on-year rise in Bangladesh’s RMG exports to $30.25 billion in the first 10 months of FY25. Global cotton consumption is forecasted to hit a five-year high of 118.1 million bales, while global trade is expected to rise by 2.3 million bales to 44.8 million. Bangladesh’s increased US cotton imports aim to reduce the bilateral trade gap and support its bid for duty-free access to the US market, where its goods face a 15.62% average tariff. Local production meets only 2% of Bangladesh’s annual demand of 9 million bales, prompting calls to raise this to 20%. Falling energy costs, a weaker dollar, and stable prices are expected to benefit Bangladeshi millers amid rising global demand and shifting trade flows.

May 15, 2025
Industry : Telecom

The BTRC’s draft telecom policy proposes consolidating over 20 licence types into three—NICSP, ICSP, and ANSP—aiming to simplify regulations and attract foreign investment. However, experts warn it may entrench monopolies, as it permits up to 100% foreign ownership in ANSP, 70% in NICSP, and 49% in ICSP without limiting cross-ownership, enabling dominant players like Axiata, Telenor, and Veon to hold stakes across all categories. While phasing out intermediaries like IGW and IIG is a progressive step, delays in implementation risk entrenching current power dynamics. Notably, Summit Communications’ 70% sale to foreign firms aligns with the proposed cap, raising concerns about policy bias. Mobile operators may also gain unfair advantage in broadband markets under vague “enterprise solution” provisions. Critics argue that lack of strict cross-ownership rules and foreign equity caps may deter genuine investment, distort competition, and marginalize local entrepreneurs. The BTRC promises clarifications in the final version following public feedback.

May 15, 2025
Industry : Telecom

The National Cyber Security Agency (NCSA) has directed the Bangladesh Telecommunication Regulatory Commission (BTRC) to block all websites and social media handles linked to the Awami League and its affiliated bodies, citing the Cyber Security Ordinance, 2025. This action follows the government’s May 12 decision to ban AL’s activities, including online presence, during ongoing trials at the International Crimes Tribunal. The Election Commission has also suspended the AL’s political registration. The NCSA requested BTRC to ask platforms like Meta, X, YouTube, and TikTok to take down related content. A list of URLs and social handles has already been shared with these platforms. However, while Bangladesh can block websites, it must rely on global tech companies to act on social media content. This move is framed under national security, religious harmony, and public order provisions, with BTRC confirming that requests were sent to relevant platforms on Tuesday night for urgent compliance.

January 8, 2025

TRANSFORM, an impact accelerator led by Unilever, the UK Government, and EY, announced grants of up to BDT 10 million each for two Bangladeshi SMEs focused on climate resilience. Deshifarmer, an agri-tech platform, connects farmers directly to consumers, aiming to benefit 3,000 farmers and 20,000 consumers in its first year. Techno Plastic Solution addresses ocean plastic pollution by improving collection infrastructure and launching a pilot program in Kuakata to collect 100 tonnes of plastic waste monthly. The Bangladesh Climate Challenge, launched in October 2023, supports enterprises working on climate resilience through funding and resources. This collaboration between Unilever, the UK Government, and EY marks their first joint effort in Bangladesh. TRANSFORM has previously supported 10 other enterprises in Bangladesh, impacting over three million lives.

January 8, 2025

A proposed hike in gas prices by Petrobangla has sparked major concerns among industrialists in Bangladesh, fearing economic harm. Industrial leaders argue that the increase, if approved, could lead to factory closures, job losses, and reduced industrial output, harming economic growth and potentially causing social unrest. Critics like Kutubuddin Ahmed and Abdullah Hil Rakib highlight that rising power and production costs already challenge competitiveness. The proposal affects new and existing gas users, with significant cost increases tied to LNG imports and additional charges. Industry leaders urge the government to reconsider the proposal, warning of the detrimental impact on both industries and the broader economy.

January 8, 2025

In FY 2023-24, the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) faced operating losses due to reduced trading, fewer IPOs, and increased costs. The DSE’s core revenue of Tk 125 crore fell short of expenses, causing a Tk 20 crore loss, while the CSE incurred a Tk 10 crore loss with Tk 31 crore in core revenue. Both exchanges relied on fixed deposit interest to achieve net profits of Tk 61 crore (DSE) and Tk 31 crore (CSE).

Declining daily turnovers, down to Tk 622 crore for the DSE, coupled with poor fund management and risky investments in troubled banks and NBFIs, exacerbated challenges. Experts recommend reforms, product diversification, and stronger company listings to revitalize the market. Meanwhile, 95% of brokerage houses are struggling with operating losses due to sluggish trading.

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Bangladesh To Import 8.5 Million Bales Of Cotton In MY2025-26
May 15, 2025
Industry : RMG & Textile

Bangladesh is projected to remain the world’s top cotton importer in MY2025-26, with imports reaching 8.5 million bales, ahead of Vietnam’s 8 million, according to the USDA. This surge aligns with a 10.86% year-on-year rise in Bangladesh’s RMG exports to $30.25 billion in the first 10 months of FY25.

Draft Telecom Policy Introduces NICSP ICSP ANSP
May 15, 2025
Industry : Telecom

The BTRC's draft telecom policy proposes consolidating over 20 licence types into three—NICSP, ICSP, and ANSP—aiming to simplify regulations and attract foreign investment. However, experts warn it may entrench monopolies, as it permits up to 100% foreign ownership in ANSP, 70% in NICSP, and 49% in ICSP without limiting cross-ownership, enabling dominant players like Axiata, Telenor, and Veon to hold stakes across all categories.

BTRC Told To Block AL Online Platforms
May 15, 2025
Industry : Telecom

The National Cyber Security Agency (NCSA) has directed the Bangladesh Telecommunication Regulatory Commission (BTRC) to block all websites and social media handles linked to the Awami League and its affiliated bodies, citing the Cyber Security Ordinance, 2025.

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Two Bangladeshi Startups Receive BDT 10M Grants
January 8, 2025
Company: Deshifarmer

TRANSFORM, an impact accelerator led by Unilever, the UK Government, and EY, announced grants of up to BDT 10 million each for two Bangladeshi SMEs focused on climate resilience.

Petrobangla's Proposed Gas Price Hike Could Harm Economy
January 8, 2025
Company: PetroBangla

A proposed hike in gas prices by Petrobangla has sparked major concerns among industrialists in Bangladesh, fearing economic harm. Industrial leaders argue that the increase, if approved, could lead to factory closures, job losses, and reduced industrial output, harming economic growth and potentially causing social unrest.

Reduced IPOs and Higher Costs Lead to DSE's Tk 20 Crore Loss
January 8, 2025

In FY 2023-24, the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) faced operating losses due to reduced trading, fewer IPOs, and increased costs. The DSE's core revenue of Tk 125 crore fell short of expenses, causing a Tk 20 crore loss, while the CSE incurred a Tk 10 crore loss with Tk 31 crore in core revenue.

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Bangladesh To Import 8.5 Million Bales Of Cotton In MY2025-26
May 15, 2025
Economic Tag : Import

Bangladesh is projected to remain the world’s top cotton importer in MY2025-26, with imports reaching 8.5 million bales, ahead of Vietnam’s 8 million, according to the USDA. This surge aligns with a 10.86% year-on-year rise in Bangladesh’s RMG exports to $30.25 billion in the first 10 months of FY25.

Bangladesh To Get 3.5B Dollars External Funding In June
May 15, 2025
Economic Tag : Debt

Bangladesh is set to receive $3.5 billion in external financing in June, including $1.3 billion from the International Monetary Fund (IMF) as part of the fourth and fifth tranche payments under its loan program, confirmed Bangladesh Bank Governor Ahsan H Mansur.

Govt Dissolves NBR in Major Reform Move
May 14, 2025
Economic Tag : Govt.

In a major reform move, the Bangladesh government has officially dissolved the National Board of Revenue (NBR) through an ordinance, replacing it with two new divisions—Revenue Policy and Revenue Administration—under the Ministry of Finance. This restructuring, enacted late Monday night with presidential approval

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