Companies Seek Extension for Q2 Report Submission

The implementation of Bangladesh's Annual Development Programme (ADP) fell to a record low of 4.75% in Q1 FY25, with Tk 13,215 crore spent against a Tk 2.78 lakh crore allocation. This decline is attributed to ongoing political turmoil, including the interim government's review of projects initiated by the previous administration, which has resulted in reduced funding for non-critical projects.

The Dhaka Stock Exchange (DSE) rebounded today after reaching a four-year low, with the DSEX index rising by 118.8 points (2.42%) to close at 5,017. Key sectors such as banking, pharmaceuticals, and telecommunications contributed to the gains, led by Islami Bank Bangladesh and BRAC Bank. Turnover decreased by 2.98% to Tk 347 crore, with banking dominating trading volume. Non-bank financial institutions saw the largest sector gain at 4.30%, while the fuel and power sector declined by 0.72%.

Government borrowing from banks surged by Tk 6,568 crore from July 1 to September 15 in FY2024-25, contrasting with a net reduction of Tk 8,939 crore during the same period last year. Despite repaying Tk 29,272 crore, the increased reliance on domestic bank financing has driven the net outstanding borrowing to Tk 4.81 lakh crore, a 24% year-on-year rise.

Denmark is reinforcing its commitment to support Bangladesh's sustainable economic growth, focusing on renewable energy, shipping, and logistics. At a recent panel discussion in Dhaka, Danish Ambassador Christian Brix Moller emphasized the need for a conducive business environment to attract foreign investment and unlock the country's untapped potential.