Govt looks to cut trade gap with Malaysia

The potential of Bangladesh’s exports to Malaysia remains untapped due to the high duty imposed on goods sent from the country, according to Commerce Minister Tipu Munshi.
20 October 2022, 18:00 PM

Forex reserves below $36b

Bangladesh’s foreign exchange reserves dipped below $36 billion on Wednesday due to increased import payments compared to slower-than-expected export earnings.
20 October 2022, 18:00 PM

Rising living cost could drive many into poverty: CPD

Many households in Bangladesh are at risk of falling into poverty due to soaring food and non-food prices, warned the Centre for Policy Dialogue (CPD) yesterday.
20 October 2022, 18:00 PM

Fourth industrial revolution and our financial sector

It is very true that, with the passing of time, mankind has searched for new and better ways to live, and as a result, three industrial revolutions have taken place, drastically altering our way of life.  
20 October 2022, 02:40 AM

Misuse of industrial plots spotted at Rajshahi BSCIC

Abdul Malek was allocated a plot inside an industrial estate of the Bangladesh Small and Cottage Industries Corporation (BSCIC) in Rajshahi back in the 1970s.
20 October 2022, 02:20 AM

Rescheduled loans too turning bad

The Bangladesh Bank’s policy that allows defaulters longer repayment tenures and easy terms and access to fresh funds has appeared to have failed to make major inroad in bringing down bad debts as rescheduled loans are even turning sour. 
20 October 2022, 02:10 AM

Bangladesh to be 9th largest consumer market by 2030

Bangladesh is expected to be the ninth-largest consumer market globally by 2030, leaving behind the United Kingdom and Germany, said a report by HSBC Global Research yesterday.
19 October 2022, 18:00 PM

bKash facilitates WE Summit-2022

bKash recently facilitated the WE Summit-2022, where the biggest mobile financial service provider in Bangladesh advised women entrepreneurs on how to open personal retail (PR) accounts, accept payments and various other facilities offered by their app.
19 October 2022, 18:00 PM

BGMEA urges Canadian brand to source more from here

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday sought cooperation from Reitmans, a Canadian clothing retailer, for developing value-added products in Bangladesh.
19 October 2022, 18:00 PM

India’s experience in SME dev can be used in Bangladesh

Bangladesh may use the Indian experience in the development of its small and medium enterprises, analysts said at a discussion between the CII and FMC delegations at the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) office in Dhaka yesterday.
19 October 2022, 18:00 PM

Global cereal prices stable for two weeks

The agricultural and cereal price indices have remained stable for the past two weeks and are only one percentage point higher from a fortnight ago, said the Food Security Update of the World Bank.  
19 October 2022, 18:00 PM

Bangladesh Lamps’ profit jumps 72pc

Bangladesh Lamps Limited posted a 72 per cent year-on-year increase in profit in the financial year that ended on June 30, driven by higher sales of LED products and the optimisation of operating expenses. 
19 October 2022, 18:00 PM

Trials under Indo-Bangla transit deal end

Vessel Trans Samudera left the Chattogram port yesterday, carrying containers from the Indian state of Meghalaya, a trial run of Bangladesh being used as a transit. 
19 October 2022, 18:00 PM

TCB to buy Tk 189cr soybean oil from Meghna

Meghna Edible Oil Refinery has won a Tk 189 crore contract to supply soybean oil to the state-run Trading Corporation of Bangladesh (TCB), according to a decision of the cabinet committee on government purchase yesterday. 
19 October 2022, 18:00 PM

Consultant appointed for Bay Terminal work

Chittagong Port Authority (CPA) has appointed an international joint venture as the consultant for the construction of a breakwater and channel dredging work at the proposed Bay Terminal, a long-awaited project of the Chattogram port. 
19 October 2022, 18:00 PM

Qcoom refunds Tk 224cr to customers

Qcoom has refunded Tk 224 crore to customers out of Tk 397 crore, ‍according to a press release sent by the e-commerce platform on yesterday. 
19 October 2022, 18:00 PM

Towards a cashless economy driven by contactless payments

Bangladesh has been marching forward very fast, riding on its robust economic growth which is expected to be 6.9 per cent in FY22 and 7.1 per cent in 2023.
19 October 2022, 03:10 AM

Factories weighed down by weak infrastructure

Some 132 small and cottage industrial units inside two estates of the Bangladesh Small and Cottage Industries Corporation (BSCIC) in Sylhet have long been suffering due to the poor infrastructure and other facilities available to them.
19 October 2022, 03:00 AM

Time to remove barriers weighing businesses down

Post-pandemic, the speed in planning and execution will be the determining factor for businesses to survive amid changing behaviour of consumers and the volatility in the global supply chain. 
19 October 2022, 02:40 AM

IFC wants to issue $4b bond in local market

International Finance Corporation (IFC) wants to issue taka denominated bonds worth $4 billion, either through public issuance or private placement, among local investors to lend the proceeds to projects in Bangladesh. 
19 October 2022, 02:20 AM