For the second consecutive quarter, the United States of America has been the biggest source of remittance for Bangladesh, leaving the Kingdom of Saudi Arabia (KSA) in second place even though the Middle Eastern nation hired the highest number of workers during the period.

A level-playing field needs to be maintained for foreign companies interested in investing and operating in Bangladesh, emphasised the United Kingdom (UK) in a statement after a dialogue yesterday.

The National Board of Revenue plans to bring more export-oriented sectors under the bonded warehouse privilege so that entrepreneurs can import raw materials duty-free, said its chief yesterday.

Bangladesh Investment Development Authority (Bida) has invited the US to invest in Bangladesh’s agriculture sector and share its knowledge in agro-processing.  

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged Proparco, a subsidiary of the French AFD Group focused on private sector development, to provide low-cost funds to small Bangladeshi enterprises.  

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.

The world’s biggest food group Nestle will push through further price increases this year, Chief Executive Mark Schneider said on Thursday, after more expensive ingredients contributed to lower 2022 profits.

Confidence Cement Ltd reported a Tk 22.51 crore profit in the October-December quarter of the current financial year.

Earlier this month, I attended a graduation ceremony at Middlebury College at Vermont, USA. In her speech, the president of the college repeatedly mentioned the phrase “collective genius”, which has stuck with me since.

Russia and Ukraine have become major sources of wheat for Bangladesh after India’s ban of its shipment, thanks to a United Nations and Turkey brokered grain deal that allowed moving the cereal from Ukraine over the Black Sea. 

The export of chemical and combustible products from Bangladesh has been halted once again as the only depot designated by the Chattogram customs authority to handle dangerous goods has failed to maintain the minimum safety standards.

Local software and IT-enabled service companies will display their technological advancement and look to attract local and global clients at the BASIS SoftExpo 2023 as Bangladesh plans to raise IT exports to $5 billion by 2025 and become a smart nation in two decades.

Bangladesh’s banking sector has long been going through a difficult time as a majority of banks are plagued by challenges stemming from a lack of corporate governance. But Bank Asia Ltd stands out thanks to its unwavering focus on following rules strictly under the leadership of a strong board of directors led by A Rouf Chowdhury. 

The business organisations have to renew many certificates every year, which is particularly problematic for small-scale industrial units, said MCCI President Md Saiful Islam

Bangladesh House Building Finance Corporation (BHBFC) has reappointed the chairman of its board of directors. 

Sanath Manatunge, group managing director of the Commercial Bank of Ceylon, arrived in Dhaka on a visit on Friday. 

Metlife Bangladesh has been honoured by Superbrands Bangladesh in a life insurance category for 2023-24 for its “outstanding contribution to the life insurance sector in the country”. 

Inflation or prices of many products, including essential commodities, will come down if the same happens in international markets or if import duties are adjusted, not if interest rates are hiked, said FBCCI President Md Jashim Uddin yesterday. 

While companies must be innovative in order to thrive amid the fourth industrial revolution, they should initially start with small investments to build a sustainable business model, speakers said at a daylong summit held yesterday.

The revenue authority desperately needs to accelerate tax collection in order to enable the country to widen its capacity to spend more from its own coffer and cut reliance on external funds, said its chief yesterday.