The banking sector alone can’t tackle the challenge of the higher non-performing loans (NPLs) given the severity of the issue, said the Association of Bankers, Bangladesh (ABB) yesterday.

The awareness regarding trade-based money laundering was low four years ago, but over- and under-invoicing of values have reduced as prices are monitored, said ABB Chairman Selim RF Hussain.

Onion seed farmers in Faridpur, a major growing district in southern Bangladesh, are enjoying bumper yields this year as the weather was favourable during cultivation, according to market players.

The government is planning to undertake a Tk 303-crore project to increase milk, meat and egg production in char areas under Dhaka division by at least 15 per cent to 20 per cent and subsequently improve living standards.

Scientifically unfounded apprehensions of health risks from radio waves of phone masts have turned into a major impediment to the delivery of better services from telecom and tower service providers. 

Bangladesh’s public expenditure is not growing in keeping pace with the steadily expanding economy as it struggles to raise adequate revenues, thus failing to ensure full implementation of development programmes and provide expected services to its citizens.  

The 18th edition of the international tourism fair, styled “Air Astra Dhaka Travel Mart”, saw overall transactions that exceeded Tk 10 crore, according to organisers of the fair.

Apple’s authorised reseller Gadget & Gear (G&G) in partnership with Standard Chartered Bangladesh yesterday announced the opening of its first-ever Apple experience store, Gadget Studio by G&G.

The British government on Friday unveiled a new £1 billion semiconductor strategy to invest in infrastructure, research and security as the UK tries to diversify its chip supply chain.

United Commercial Bank Ltd and IFIC Bank PLC have received consent from the Bangladesh Securities and Exchange Commission (BSEC) to declare stock dividends for the year that ended on December 31.

Sugar prices across the world could soar further due to a decline in production in India – the commodity’s largest producer – and export restrictions imposed by the government. 

The key index of the Dhaka Stock Exchange (DSE) snapped its three-day rising streak yesterday as most shares either declined or did not see any change. 

The Bangladesh Textile Mills Association (BTMA) has urged knitwear exporters to purchase locally made yarn to reduce stockpiling of the material at spinning mills in the country.

Bangladesh needs better cost competitiveness and less complexities in its taxation and foreign exchange policies to boost exports to Japan while also attracting more investment from the country, according to experts.

Nagad Ltd, the operator of the mobile financial service of the Bangladesh Post Office, saw its accumulated loss rise to Tk 625 crore at the end of the financial year of 2022. 

US industrial giant General Electric has been doing business in Bangladesh since 1970 and plans to go for bigger investments to tap immense business potential as demand for electricity is on the rise in the country. Jeffrey Goldmeer, global hydrogen value chain leader for GE Power, talked about his company’s journey in Bangladesh, current business, and future plans during an interview with The Daily Star in Dhaka recently.

The telecom regulator is set to introduce fixed maximum tariff rates for mobile data packages with the aim of ensuring simple and affordable connectivity services for consumers.

The private investment-to-GDP ratio in Bangladesh declined in the current fiscal year owing to a lower confidence among investors amid the persisting dollar crisis and global uncertainty, higher inflation and a fall in demand for goods in international markets.

While policymakers claim that inequality is a by-product of development, economists say it is caused by the centralisation of political power. 

The third tea auction centre in Bangladesh will likely begin operations in Panchagarh, the northwest bordering district, next month after Chattogram and Sylhet’s Sreemangal.