Customs detects Tk 382cr money laundering thru RMG exports

The Customs Intelligence and Investigation Directorate (CIID) has unearthed that four Dhaka-based apparel exporters laundered Tk 382 crore using fake documents.
15 March 2023, 02:00 AM

Analysts warn of middle-income trap

Analysts have warned that Bangladesh may fall into the middle-income trap unless it takes measures to improve human capital, make the economy greener, build infrastructure without taking excessive loans and increase efficiency. 
14 March 2023, 18:00 PM

Bangladesh Finance posts lower profit in 2022

Bangladesh Finance Limited registered an 8 per cent year-on-year decline in profit to Tk 23.52 crore last year, owing to the suspension of additional interest and provisions against stressed loans.
14 March 2023, 18:00 PM

Closer competition key to sustainable development: experts

Achieving the anticipated economic development set by the government is completely unattainable in absence of genuine competition in the market, according to Mofizul Islam, former chairperson of the Bangladesh Competition Commission (CCB).
14 March 2023, 18:00 PM

Don’t buy Ramadan items in bulk

Commerce Minister Tipu Munshi yesterday urged consumers not to buy Ramadan commodities in large volumes at a time and purchase the items according to daily necessities.
14 March 2023, 18:00 PM

Garment sector could save $500m annually by recycling cotton waste

Bangladesh could save as much as $500 million annually if the cotton waste generated by its garments sector is recycled, according to experts.
14 March 2023, 18:00 PM

Sea Pearl to buy 30% stake in Shamim Enterprise

Sea Pearl Beach Resort & Spa Limited is going to acquire a 30 per cent stake in Shamim Enterprise Pvt Ltd (SEPL) at an investment of Tk 33.91 crore.
14 March 2023, 18:00 PM

Sugar price keeps rising though import duty goes

Sugar prices have maintained an upward trend at both wholesale and retail levels in Bangladesh despite a record cut in import duties to keep the market stable ahead of Ramadan. 
14 March 2023, 18:00 PM

Sugar price keeps rising though import duty goes

Sugar prices have maintained an upward trend at both wholesale and retail levels in Bangladesh despite a record cut in import duties to keep the market stable ahead of Ramadan. 
14 March 2023, 18:00 PM

‘No antibiotics used in poultry’

Bangladesh’s poultry industry operators and farmers use prebiotics, probiotics and essential oils instead of antibiotics to help produce good quality meat and eggs, said a top leader of the poultry industry yesterday.
14 March 2023, 18:00 PM

Unique Meghnaghat Power secures $463m loans from abroad

Unique Meghnaghat Power Ltd has signed an agreement with lenders for a foreign loan of $463 million for 15 years to meet its debt requirement, said one of its owners yesterday.
14 March 2023, 18:00 PM

Emirates to resume cargo flights if airports upgraded

Emirates SkyCargo, a concern of Emirates Group, plans to resume dedicated flights from Bangladesh if problems related to the infrastructure and facilities available at airports in Dhaka and Chattogram are resolved.
13 March 2023, 18:00 PM

Digitalise land records to boost PPP projects

The government should digitalise land records and property title registration to help stakeholders find information about properties at ease with a view to giving a boost to the implementation of projects under the public-private partnership (PPP) framework, said speakers yesterday.
13 March 2023, 18:00 PM

‘SMEs need enabling ecosystem’

An enabling ecosystem is necessary where small and medium enterprises (SMEs) will get all the support required to avail better prices and grab a bigger market share, said the sector’s entrepreneurs and analysts yesterday.  
13 March 2023, 18:00 PM

Trillion-dollar economy achievable before 2040

Bangladesh will become a trillion-dollar economy much before 2040 because of infrastructural developments, economic growth momentum and the confidence and indomitable spirit of local entrepreneurs, said FBCCI President Md Jashim Uddin yesterday.  
13 March 2023, 18:00 PM

Huge export market awaits pharma industry

Bangladesh is increasingly becoming a global hub for manufacturing quality and low-cost generic medicines since many countries don’t have the facilities needed to produce drugs, industry people said yesterday.
13 March 2023, 18:00 PM

FBCCI honours individuals, businesses

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday honoured 10 individuals and companies with the inaugural Business Excellence Awards in recognition of their contribution to the business and the economy. 
13 March 2023, 18:00 PM

Circular economy to help ensure sustainable business

Bangladesh requires a circular economy to not only safeguard the environment, but also ensure sustainable business in the country, according to various experts and lawmakers.
13 March 2023, 18:00 PM

Need proper policies for electric vehicle industry

As the electric vehicle market is expanding in Bangladesh, there should be proper policies in place to attract foreign investment for the sector, according to industry people.
13 March 2023, 18:00 PM

Alamgir joins MGI

Syed Alamgir has recently joined the Meghna Group of Industries (MGI) as the chief executive officer (CEO) of its fast-moving consumer goods (FMCG) department.
13 March 2023, 18:00 PM