Govt borrowing from BB may fuel inflation

The government has continued borrowing from Bangladesh Bank as commercial banks have been unable to come up with much-needed funds owing to a liquidity crunch. 
12 March 2023, 02:30 AM

Biz summit attracting investments: Jashim

The Bangladesh Business Summit could help attract a good amount of investment from abroad as the capabilities of local businesses are being highlighted at the three-day event, according to Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
12 March 2023, 02:00 AM

Aarong shifts Narayanganj outlet

Aarong has shifted its Narayanganj outlet to Almas Point on 59 BB Road. 
11 March 2023, 18:00 PM

‘Saudis see immense trade potential with Bangladesh’

Bangladesh’s bilateral trade with Saudi Arabia stood at around $2 billion in 2021, which is way lower than the potential, and the kingdom believes the amount will increase manifold in the days to come, a top Saudi business leader said yesterday.
11 March 2023, 18:00 PM

Frozen foods exporters assoc elects president

Bangladesh Frozen Foods Exporters Association has recently elected its president for a two-year term (2023-24). 
11 March 2023, 18:00 PM

Unilever Consumer Care posts 38.45% higher profit

Unilever Consumer Care Limited reported a profit of Tk 73.05 crore in the financial year that ended on December 31, up 38.45 per cent year-on-year, the company said. 
11 March 2023, 18:00 PM

How do we increase inward remittance?

It was possibly 2004-05. We were trying to determine the possible inward remittance pie for Bangladesh at a Bangladesh Enterprise Institute discussion. A study in this respect showed the possible pie to be $20 billion or so by 2012.
11 March 2023, 18:00 PM

Ensuring corporate governance, curbing NPL biggest challenges

The observation comes from Ali Reza Iftekhar, managing director and chief executive officer of Eastern Bank Ltd.
11 March 2023, 18:00 PM

Bangladesh not heading towards Chinese debt trap

Bangladesh yesterday strongly ruled out the possibility of falling into any Chinese debt-trap as the return on its investments is much higher than the cost of the funds, said Foreign Minister AK Abdul Momen yesterday. 
11 March 2023, 18:00 PM

Forex reserves slip to six-year low

Bangladesh’s foreign currency reserves have slipped to a six-year low of $31.15 billion after the central bank cleared import bills to the tune of $1.05 billion with a number of Asian countries, official figures showed.   
10 March 2023, 05:55 AM

Prime mover sales down over 62%

Sales of prime movers, which are the front part of semi-trailer type trucks, fell over 62 per cent year-on-year in 2022 in Bangladesh amid a fall in imports and surge in their prices alongside that of fuel.
10 March 2023, 03:30 AM

Bangladesh Business Summit starts tomorrow

The Bangladesh Business Summit will kick off tomorrow with the aim of creating new opportunities for trade and investment by showcasing the country’s economic potential before a global audience.
10 March 2023, 03:00 AM

Leather goods makers seek environmental clearance quickly

Leather goods manufacturers based in the capital’s Hazaribagh have urged the government to simplify the process of issuing environmental clearance certificates so that they can tap export opportunities easily.
9 March 2023, 18:00 PM

Apparel exhibition in Dhaka on March 16

A conference and exhibition on sustainable clothing production will be held in Dhaka on March 16.
9 March 2023, 18:00 PM

Ethics in the unethical world

There was once a young and talented woman who got a job at a corporate giant.
9 March 2023, 18:00 PM

Govt to buy more LNG

The government has approved the purchase of another shipment of liquefied natural gas (LNG) from the international spot market, the fourth since February, to ramp up electricity production ahead of Ramadan and the summer season. 
9 March 2023, 18:00 PM

Container movement thru Ctg port on the decline

Container movement through Chattogram port began a downward trend in the second half of 2022 that has stretched into the first two months of the current calendar year, according to shipping agents.
9 March 2023, 03:00 AM

Drop in gold price fails to improve sales

Sales of gold ornaments have remained low in Bangladesh despite the reduction of the prices of the precious metal twice in February after hitting an all-time high the month before, according to jewellery traders.
9 March 2023, 02:45 AM

Fast-track projects see better implementation

Implementation of eight fast-track projects under the Annual Development Programme (ADP) was at a good pace in the first seven months of the current fiscal year of 2022-23 while that of other projects was slower.
9 March 2023, 02:30 AM

Pulse import cost rising amid scanty local production

The import cost of pulses in Bangladesh is on the rise due to increased consumption, inadequate domestic production and higher prices in the international markets. 
9 March 2023, 02:15 AM