BGMEA, fashion council to promote homegrown fabrics

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Fashion Design Council of Bangladesh (FDCB) yesterday agreed to collaborate in promoting and developing high-end fashionable garments using homegrown fabrics and materials. 
17 October 2022, 18:00 PM

Gig workers deprived of fair pay, benefits

The majority of workers in Bangladesh’s gig economy do not receive fair pay, benefits or even a contract from online platforms, revealing the awful situation in ensuring the rights of those workers, according to a recent study. 
17 October 2022, 18:00 PM

Apex Spinning posts 17.75pc higher profit

Apex Spinning & Knitting Mills Limited’s profit rose 17.75 per cent year-on-year in the last financial year. 
17 October 2022, 18:00 PM

Midland Bank, India’s Exim Bank sign MoU

Midland Bank signed an issuing bank agreement with the Exim Bank of India under the latter’s Trade Assistance Programme in Dhaka yesterday.
17 October 2022, 18:00 PM

Bank Asia signs ‘issuing bank agreement’ with Exim Bank of India

Bank Asia has signed an “Issuing Bank Agreement” with the Export-Import (Exim) Bank of India to avail a “Trade Assistance Programme” (TAP). 
17 October 2022, 18:00 PM

Mercantile Bank gets ISO certificate

Mercantile Bank has recently been awarded with the certificate of the International Organisation for Standardisation(ISO) by Bureau Veritas Certification Holding SAS-UK branch for its outstanding performance and fulfilling the requirements of ISO standards.
17 October 2022, 18:00 PM

Far East Knitting clocks 40pc higher profit

Far East Knitting & Dyeing Industries Limited posted more than 40 per cent higher profit in the last financial year.  
17 October 2022, 18:00 PM

Apex Foods’ profit more than doubles

Apex Foods Limited’s profit more than doubled in the financial year that ended on June 30 on the back of a hike in product prices and a reduction of costs.  
17 October 2022, 18:00 PM

Improve quality of infrastructures, services

Bangladesh needs to improve the quality of infrastructures and services, raise the efficiency in the banking sector, train the workforce, lift competitiveness and ensure accountability in all spheres to advance to the next stage of economic development, economists said yesterday. 
17 October 2022, 18:00 PM

PM to inaugurate 43 industrial units in EZs

Prime Minister Sheikh Hasina is going to inaugurate 43 industrial units in economic zones next week involving investments worth $1.57 billion, said a press statement of Bangladesh Economic Zones Authority (Beza) yesterday. 
17 October 2022, 05:00 AM

The converging themes for business transformation

Business executives are frequently exposed to various evolving trends, and quite often, they need to distinguish between hype and reality. For example, the ‘metaverse’ is a popular topic today. People representing a wide gamut of stakeholders are talking about it.  
17 October 2022, 03:20 AM

Fishers feel the pinch of hilsa catching ban

Fishers in the coastal district of Patuakhali are yet to get any support from the government’s Vulnerable Group Feeding (VGF) programme even though eight days have passed since the 22-day ban on catching hilsa began on October 7.
17 October 2022, 03:10 AM

Steps for FTA with Japan underway

Bangladesh is working on getting either a free trade agreement (FTA) or economic partnership agreement (EPA) signed with Japan, the most promising export market in Asia, with the commerce ministry having already prepared a relevant memorandum of cooperation (MoC). 
17 October 2022, 02:50 AM

Taka third weakest currency in South Asia

The taka has been rendered one of the worst-performing currencies in South Asia in the last one year because of the plummeting foreign exchange reserves of Bangladesh for higher import payments. 
17 October 2022, 02:10 AM

Urea stock enough, no possibility of shortage

Bangladesh has 7.37 lakh tonnes of fertiliser in stock right now and the country will face no shortage of it in the coming months, Bangladesh Chemical Industries Corporation (BCIC) Chairman Shah Md Imdadul Haque yesterday.
16 October 2022, 18:00 PM

Half of SMEs pay bribe for essential services: study

More than half of the small industries in Bangladesh have to pay bribes for obtaining essential services, including availing and renewing licences, using public utilities such as gas and power, obtaining a tax identification number, and value-added tax certificates, according to a study.
16 October 2022, 18:00 PM

RMG exports to EU rise 12pc in Jul-Sep

Bangladesh’s garments exports to the European Union (EU) increased by 12.43 per cent year-on-year to $4.94 billion in the first three months of the ongoing fiscal, according to data from the Export Promotion Bureau (EPB).
16 October 2022, 18:00 PM

Desco posts lower profit in 2021-22

Dhaka Electric Supply Company Ltd (Desco) posted a 14.50 per cent decline in profit in the financial year that ended on June 30. 
16 October 2022, 18:00 PM

Banglalink investing heavily in Ctg

Veon has achieved double-digit growth in Bangladesh and the parent company of Banglalink is now investing heavily in its network in key regions, including Chattogram, to maintain the growth, Veon Group CEO Kaan Terzioglu said yesterday.
16 October 2022, 18:00 PM

‘Made in Bangladesh Week’ to enhance garment exports

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) aims to brighten the country’s image and increase its apparel exports by hosting the first “Made in Bangladesh Week” from November 12, according to a top official of the organisation.
16 October 2022, 18:00 PM