Bangladesh is set to soon witness local assembling of cars of a third international brand. 

Bangladesh Bank yesterday granted Sri Lanka’s request to be given six more months to repay a $200 million loan due to the prolonging of its economic crisis. 

The Bangladesh Bank yesterday decided in principle to allow Nagad Finance PLC, a proposed non-bank financial institution (NBFI), to run mobile financial services. 

The growth of garment shipment to the US and the European Union declined in July-December as consumers in the two largest export destinations of Bangladesh have remained concerned about the persisting economic uncertainty for the raging Russia-Ukraine war.  

Bangladesh’s economy faces five major risks in the next two years, the top three being sustained inflation, debt crises and severe commodity price shocks, according to a report released by World Economic Forum (WEF). 

The insurance sector should focus more on increasing awareness and regaining customers’ trust for the sake of the industry’s development, FBCCI President Md Jashim Uddin said yesterday.

Bangladesh should direct major efforts towards strengthening macroprudential regulations and building foreign exchange reserves, according to experts. 

Back in the day when we went to university, it was a common feature in every batch to have a group of friends who would inadvertently have a designated “Khadem” or “assistant” from the same class, an ordinary-looking, kind-hearted male classmate who would take care of their every need at the drop of a hat!

The country’s mobile subscriber base witnessed a decrease in November last year as top operator Grameenphone lost a big chunk of customers due to a SIM sales ban. 

Bangladesh’s export of paper and paper products have risen 123.35 per cent year-on-year in the first half of the current fiscal year thanks to the post-pandemic recovery and manufacturers’ focus on finding new export destinations.

In a desperate attempt at collecting the greenback to meet immediate requirements, a good number of banks are ignoring directives of two lenders’ organisations to not offer over Tk 107 for each US dollar coming in as remittance. 

Bangladesh sent the highest number of migrant workers in its history in 2022 thanks to a surge in demand for labourers in the Middle Eastern countries but remittance receipts did not go up proportionately.  

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) teamed up with Bengal Commercial Bank yesterday to extend loan assistance to help cottage, small and medium entrepreneurs run their businesses.

Four international trade shows on garment machinery and allied products began at the International Convention City Bashundhara in Dhaka yesterday.

The SME Foundation is going to organise six divisional-level fairs to showcase the products produced by small and medium enterprises (SMEs).

Tamed inflation, descending gas prices, more job openings coming to the market every month, and the US dollar’s continued reign in the currency market all promise a prosperous 2023 for everyone in America - citizens, residents, students, or even visitors. If you are planning to come as a tourist, enrol here as a student or visit the US by any other means, try it now.

Constructing Bangabandhu Sheikh Mujibur Rahman Tunnel under the Karnaphuli river in Chattogram is set to turn costlier apparently for poor feasibility studies as the need for new components have arisen alongside adjustments to the rise in the price of the US dollar. 

Cash-strapped banks are borrowing from cash-rich lenders paying more than 9 per cent in interest rate, which is above a cap set by the central bank, as an unprecedented liquidity crunch has hit the banking sector of Bangladesh. 

Makalot Industrial Co Ltd, a Taiwanese readymade garment manufacturer, is going to invest $17 million to produce sports shoes and apparel items at the Bay Economic Zone.

The commerce ministry is awaiting a decision from the central bank and the finance ministry on using $500 million to $1 billion of foreign loans to import essential commodities on the back of a guarantee from the Multilateral Investment Guarantee Agency (Miga).