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Slum poverty fuels drug abuse in Dhaka

Dhaka’s sprawling slums have long been emblematic of hardship, but a worsening crisis is now exacerbating the struggles of their residents—the alarming rise in drug addiction. A field visit to various slum areas reveals a grim reality where substance abuse is tearing apart families and futures.

In Korail slum, Nipa recounts her father’s tragic downfall. Once a hardworking man, he now spends his days intoxicated, leaving Ripa and her mother to toil as domestic workers to sust...

Small loans boost Agent Banking growth in Bangladesh

Loan disbursements through agent banking saw a significant increase of 55.95 per cent year-on-year (Y-o-Y), reaching Taka 24,028.31 crore by the end of December 2024, driven by improved access to finance for rural populations, according to data from Bangladesh Bank (BB).

In December of the previous year, loan disbursements amounted to Taka 15,407.33 crore.
As of December 2024, a total of 31 banks provided agent banking services through 21,248 outlets o...

Private investment dips multi-year low

The political instability over the past year has significantly reduced private sector investment in Bangladesh, leading to a year-on-year increase of Tk51,696 crore in banks’ excess liquid assets. According to data from Bangladesh Bank, the total excess liquid assets in the banking sector—including securities—stood at Tk2.15 lakh crore at the end of December 2024, compared to Tk1.63 lakh crore a year earlier. While excess liquid assets rose, excess cash holdings in banks declined by Tk2,291 crore, standing at Tk17,675 crore at the ...

CA Yunus pays homage to language heroes

Professor Muhammad Yunus , Chief Adviser of the interim government, has paid rich tributes to the martyrs of the historic Language Movement, marking the Amar Ekushey and the International Mother Language Day. He paid homage by placing a wreath at the Central Shaheed Minar in the city at 12:12 am today. The Chief Adviser arrived on the Shaheed Minar premises when the clock struck 12 midnight. He proceeded to the altar of the Central Shaheed Minar at a slow pace while playing the historic immortal song on the Amar ...

Footwear sector expands, but challenges persist

Bangladesh’s footwear sector is set for substantial expansion, presenting lucrative investment opportunities in both leather and non-leather segments. The Bangladesh Investment Development Authority (BIDA) highlighted this potential in a recent newsletter while also acknowledging the challenges that must be addressed to sustain growth and enhance competitiveness.

Shah Mohammad Mahboob, an executive member of BIDA, underscored the industry's vast pot...

Japan’s ODA surge in Bangladesh

Bangladesh's super-fast rise on Japan’s ODA landscape is a significant development in South Asia. Japan’s ODA to Bangladesh began to rise from 2012 onwards, from a mere $78 million in 2011 to $305 million in 2012, and this trend has continued since then, with one analyst suggesting Japan provided $16.19 billion in foreign aid to Bangladesh up to 2021. Japan’s ODA increases have happened in tandem with Bangladesh’s economic growth, rise in bilateral trade and recognition of its strategic importance for maritime security. Sheikh Hasina’...
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