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

Perilla, a promising oilseed crop

Perilla frutescens, an exotic oilseed plant with numerous health benefits, has high export potential as there is considerable global demand for the crop, especially in China, Korea and Japan, according to experts.
16 October 2022, 03:20 AM

Govt to study labour market prospects in Eastern Europe

The government has undertaken an initiative to conduct research on exploring employment opportunities in countries of Eastern Europe against the backdrop of traditional labour markets in Gulf countries “getting squeezed”.
16 October 2022, 03:10 AM

Lift interest rate cap, let monetary policy work

Deft macroeconomic management over the past three decades has served Bangladesh well. Total export earnings, buoyed by a heady pace of growth in earnings from readymade garments, and foreign remittances, climbed to $ 81.4 billion in FY2022, rising from a mere $5.2 billion in FY1990.
16 October 2022, 02:50 AM

Revenue collection growth slows

The revenue collection growth decelerated to 12.63 per cent in Bangladesh in the first quarter of the current fiscal year, driven by the cost-of-living crisis at home and abroad, narrowing the fiscal space for the government, official figures showed.  
16 October 2022, 02:30 AM

IT exports cross half a billion-dollar mark

Information technology exports from Bangladesh crossed a major mark in the last fiscal year as local firms and freelancers earned more than half a billion US dollars for the first time from external sources. 
16 October 2022, 02:10 AM

Innovation, skills dev a must for SME startups

Advancements in the ICT sector have changed the world a lot, so innovation and skills development are now a must for the survival of startups in the small and medium enterprise (SME) sector, experts said yesterday. 
15 October 2022, 18:00 PM

Three more green garment units get LEED certification

Three more local garment factories have achieved the green building certification from the United States of Green Building Council (USGBC).
15 October 2022, 18:00 PM

Coordinated efforts needed to fight inflation in South Asia

Coordinated efforts are needed to fight runaway inflation and increase trade in the South Asian countries, experts said at the daylong SAFA International Conference 2022 yesterday.
15 October 2022, 18:00 PM

Walton holds ‘Meet the Partners’

Electronics entrepreneurs have vowed to turn Walton into a top global brand by 2030.
15 October 2022, 18:00 PM

Pakistan seeks to reschedule $27b in bilateral debt

Pakistan’s new finance minister, Ishaq Dar, told Reuters on Friday that he will seek rescheduling of some $27 billion worth of non-Paris Club debt largely owed to China, but will not pursue haircuts as part of any restructuring.
15 October 2022, 18:00 PM

Dhaka Bank raises Tk 900cr for Bashundhara Oil

Dhaka Bank Ltd has arranged a syndicated loan of Tk 900 crore for Bashundhara Oil and Gas Company Ltd (BOGCL) to help it set up a plant to refine crude petroleum products. 
15 October 2022, 18:00 PM

Cargo complex at airport to boost export from Sylhet

The history of people from Bangladesh’s Sylhet division living in European countries, especially the United Kingdom, goes back around 350 years and the diaspora there has kept growing over the centuries.
14 October 2022, 02:50 AM

Forex reserves under further strain as BB sells dollar

The injection of the US dollar into the market by Bangladesh Bank has surpassed $4 billion so far in the current fiscal year, creating further pressure on the country’s foreign exchange reserves that are now depleting fast.
14 October 2022, 02:20 AM

Country’s first commercial crocodile farm eyes revival

The country’s first commercial crocodile venture, The Reptiles Farm Ltd, is now making efforts to bounce back from the pandemic-induced business slowdown, riding on the exports of crocodiles and skins. 
14 October 2022, 02:10 AM

Invest more to fight off cyber-attacks

Development of human resources and more investment are needed to thwart cyber-attacks that have skyrocketed in Bangladesh in recent years, experts said yesterday.
13 October 2022, 18:00 PM

Unicef to stand by women in garment sector

The Unicef will support garment and knitwear manufacturing factories to provide breastfeeding spaces and breaks, childcare facilities, paid maternity leave, cash benefits, health care, employment protection and a safe work environment to working mothers and pregnant women.
13 October 2022, 18:00 PM