Increase industrial energy efficiency to cut costs

Increasing industrial energy efficiency is an effective way for Bangladesh to achieve significant cost savings and long-term energy security, said Michael Sumser, director of KfW Development Bank, at an event.
21 February 2023, 18:00 PM

UL Solutions, BGMEA for collaboration on RMG safety

A delegation of UL Solutions, a global independent safety science company, met with Faruque Hassan, president of the Bangladesh
21 February 2023, 18:00 PM

Foreign ships face uncertainty in getting key certificate

Operators of foreign container feeder vessels are allegedly facing unusual delays in obtaining the waiver certificate or failing to secure the document they need before loading cargoes to and from Bangladesh.
21 February 2023, 04:00 AM

Foreign aid disbursement, commitment decline

Commitments and disbursements of foreign assistance for development projects in Bangladesh fell in the July-January period of the current fiscal year, which may deepen the pressure on foreign exchange reserves. 
21 February 2023, 03:30 AM

Smartphone shipment shrinks

The smartphone market in Bangladesh witnessed a double-digit decline for the first time in seven years in 2022 while the feature phone market grew slightly at the same time, according to the latest Market Monitor report by Counterpoint Research.
21 February 2023, 03:00 AM

Fabrics market swells on rising consumption

Rising per capita income, stricter anti-smuggling measures and the production of value-added apparel items have catapulted Bangladesh’s annual yarn and fabrics sales to $9 billion
21 February 2023, 02:30 AM

Eight banks face provision shortfall of Tk 19,048cr

Eight banks in Bangladesh faced a collective provisioning shortfall of Tk 19,048 crore in 2022, creating a risk for their depositors. 
21 February 2023, 02:00 AM

Global securities regulators to meet in Dhaka tomorrow

A two-day meeting of Asia Pacific Regional Committee (APRC) of the International Organization of Securities Commissions (IOSCO) is going to be held in Dhaka from tomorrow. 
20 February 2023, 18:00 PM

BSEC to go for automation to curb manipulation

The Bangladesh Securities and Exchange Commission (BSEC) will go for full automation of all its process so that manipulation of stocks can be curbed in the market. 
20 February 2023, 18:00 PM

Bangladesh’s plastic exports just 0.1% of global sales

Though growing locally, the country’s plastic sector accounts for just 0.1 per cent of global sales, which industry players blame on low inflow of foreign investment. 
20 February 2023, 18:00 PM

bKash wins 4 awards at Bangladesh Innovation Award

Mobile finance service provider bKash has won four awards for innovative and creative services in four categories conferred by Bangladesh Innovation Conclave at Bangladesh Innovation Award 2023. 
20 February 2023, 18:00 PM

Singer opens service centre in Bhairab

Singer Bangladesh has inaugurated a service centre in Bhairab and announced that it would add two new service vans in its fleet to ensure prompt and hassle-free services for customers. 
20 February 2023, 18:00 PM

Digitalise int’l trade: ICCB

The International Chamber of Commerce (ICC) Bangladesh has suggested that the government bring about appropriate policy changes through Bangladesh Bank to digitalise Bangladesh’s trade with countries abroad in context of the state of local and global economies. 
20 February 2023, 18:00 PM

Prime Bank, ITFC sign master murabaha agreement

Prime Bank has signed a three-year master murabaha agreement with International Islamic Trade Finance Corporation (ITFC) under which the latter will provide a trade facility against letters of credit issued by the former.
20 February 2023, 18:00 PM

Pumpkin farming spreading in Barishal’s chars

Pumpkin has become the most favoured crop among farmers based along the Arial Kha river in Barishal as the popular variety of winter squash brings better returns compared to other crops.
20 February 2023, 18:00 PM

Agent banking transactions climb over 46% in 2022

Transactions through agent banking accounts rose more than 46 per cent to Tk 673,069 crore in 2022 in Bangladesh riding on the increased use of the fast-expanding banking window, official figures showed. 
20 February 2023, 03:30 AM

Rising rubber production helping local tyre industry

Rising rubber production in Bangladesh is helping local tyre manufacturers cut the country’s reliance on the imports of the product used in making bicycles, motorcycles, three-wheelers and easy bikes, said an industry insider. 
20 February 2023, 03:00 AM

Tomato farmers face peak season plight

Tomato farmers, particularly those in the southwest division of Khulna, are facing steep losses as prices for the fruit have come down drastically due to oversupply, as is the case around this time each year.
20 February 2023, 02:30 AM

Relaxed rules can’t tame default loans

Default loans in Bangladesh’s banking sector jumped 17 per cent year-on-year to Tk 120,656 crore last year owing to a lack of corporate governance and the ongoing business slowdown.  
20 February 2023, 02:00 AM

Cultivation of zinc-rich rice yet to catch on

The cultivation of zinc biofortified paddy is yet to reach sufficient levels due to low demand stemming from a lack of awareness on the benefits of consuming the grain, according to various experts.
19 February 2023, 18:00 PM