Business leaders in Bangladesh hope the Bangabandhu Sheikh Mujibur Rahman Tunnel, being built beneath Karnaphuli river in Chattogram, will help expand the port city on both sides of the waterway as per the “One City, Two Towns” concept derived from China’s Shanghai.

Meghna Bank recently launched a Resident Foreign Currency Deposit (RFCD) service, which includes a Visa card and interest on the deposit, enabling Bangladeshis returning from abroad to easily access their own funds. 

Prime Exchange Company Pte, a subsidiary of Prime Bank, recently won a “Covid19 Hero Appreciation Award” from Remittance Association (Singapore), a platform of fund transfer businesses, for “ensuring seamless remittance service in Singapore during the pandemic”. 

The ongoing dollar crisis in the country will ease by January next year, said Salman F Rahman, private industry and investment adviser to the prime minister.

Global demand has consistently weakened this year, for multiple reasons, and the risk of recession is rising. If advanced economies were to fall into recession, developing countries in Asia would not be immune to the fallout. Policymakers in the region will need to monitor and carefully navigate a challenging economic environment to keep inflation in check and sustain growth.

Cottage, micro, small-and-medium enterprises (CMSMEs) in Bangladesh are suffering from significantly lower sales at a time when inflationary pressure has pushed up production costs, according to entrepreneurs.

Agriculture is a key sector of Bangladesh’s economy but most people never dream of becoming a farmer as even those with the slightest education hope to make a living through other professions of more repute.

Thanks to the increasing use of local raw materials, Bangladesh’s retention value from the shipment of apparel items is rising, highlighting the development of a strong backward linkage industry and less reliance on imported yarn and fabrics. 

Private companies are spearheading Bangladesh’s growth with their energy and optimism, putting the economy on a path to cross the $1-trillion mark by 2040, according to a top global consulting firm. 

Global payments technology company Mastercard honoured 23 financial institutions, lifestyle, food, medical and mobile operators at a Mastercard Excellence Awards 2022

The Bangladesh Jeweller’s Association (BAJUS) yesterday said it would work with the Bangladesh Financial Intelligence Unit (BFIU) to combat gold smuggling.

Product output of the ceramics industry of Bangladesh has increased at least 200 per cent while investment 20 per cent over the last decade, according to the Bangladesh Ceramic Manufacturers and Exporters Association (BCMEA). 

Mr Jones is a mafia leader who manages all his secret deals and finances on his laptop, which is his regular companion.  

Clean Clothes Campaign, the world’s largest alliance of garment industry labour unions, yesterday piled pressure on the major brands connected to the Tazreen factory fire to sign the International Accord, which protects workers in all countries, including Bangladesh.

The government has extended the tenures of the import registration certificate (IRC) and the export registration certificate (ERC) to five years from one year, easing doing business procedures.

The number of people who go on vacation in Kuakata has increased exponentially ever since Padma Bridge was opened in June this year.

On July 28, the Bangladesh Securities and Exchange Commission (BSEC) reimposed floor prices on all shares to contain the free fall of listed securities after the key index dropped below the 6,000-point mark.  

The government should expand social safety net programmes immediately to support the people reeling under escalated food prices, said Selim Raihan, executive director of the South Asian Network on Economic Modeling (Sanem).

The amount of US dollar injected into the market so far by Bangladesh Bank has surpassed $6 billion in the current fiscal year, creating further pressure on the country’s foreign exchange reserves that are now depleting fast.

Most of the listed banks in Bangladesh logged higher profits in the January to September period of 2022 on the back of increased incomes from commissions and fees whereas their core business suffered from the slowdown in the economy.