Bangladesh’s entire business sector, particularly the producers focused on the domestic market, is facing troubles due to an unprecedented hike in the US dollar price as their cost of production has witnessed a sharp spike. 

Local garment manufacturers are pumping money to expand their capacity to produce technical garment items such as activewear and workwear since their demand is rising in the western markets. 

Mezban, a social festival of the southeast division of Chattogram, is appealing not only to residents of the region, but also to people from other parts of the country.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) recently demanded that the government reduce the price of diesel as the cost of doing business has increased substantially in the face of a hike in fuel oil rates and continued load-shedding.

Bangladeshi consumers are paying the highest ever prices to buy wheat flour as supply and private stocks of the grain slumped in the domestic market in the wake of a dip in imports since the beginning of the Russia-Ukraine war.

Bangladesh witnessed a record 9.5 percent inflation in August, the highest in 12 years, due to adverse effects of fuel price hike, said Bangladesh Bureau of Statistics (BBS).

Rapidly adapting to changes driven by industrial revolutions is what allows a nation to earn its rightful place in the world. The Third Industrial Revolution marked the beginning of the digital age and globalisation, inadvertently creating what we now call ‘pop culture’, allowing technologies to become the definitive vehicle of entertainment around the world. 

The Bangladesh Fisheries Research Institute (BFRI) has conserved and improved 37 domesticated varieties of freshwater fish over the past 30 years, bringing hopes that endangered breeds can be preserved to satisfy both local and global demand.

Apparel exports from Bangladesh will cross $95 billion by 2030 if the country can expand its share in the global market for manmade fibre (MMF) to 12 per cent from less than 5 per cent at present, according to a recent study.

The outsourcing of graphic designing and image editing holds great promise for Bangladesh as many are already earning foreign currencies riding on the boom in digital businesses worldwide. 

The government has issued a policy aiming to facilitate the acquisition of sustainable and advanced technology among light engineering industries in a bid to expedite development in the sector, according to a gazette notification issued last month.

Emerald Oil Industries, one of the first to market rice bran oil domestically, plans to export its product to Japan, for which it has established a branch in the island nation last month. 

Bangladesh is suffering from unsold stocks of hides and skins for reasons, including a lack of interest of international brands to source from here, as most tanners do not have certification from Leather Working Group (LWG) centring sustainable and environment-friendly leather production.

Bank Asia Limited has achieved the most prestigious Standard Information Security Certification, namely ‘PCI DSS’.

The Institute of Chartered Accountants of Bangladesh (ICAB) and the Association of Credit Rating Agencies of Bangladesh (ACRAB) signed a memorandum of understanding (MoU) on the document verification system (DVS) yesterday.

Global recession can be avoided if governments’ fiscal policies were consistent with monetary policy tightening, but likely there would be countries falling into recession next year, the International Monetary Fund’s managing director said on Monday.

Stocks in Bangladesh returned to the black yesterday thanks to higher investor participation following a one-day halt that broke a four-day gaining streak.

Bangladesh is currently weathering a period of heightened external pressure and economic headwinds like it has done since the outbreak of the coronavirus pandemic and kept growing, said a top official of a multinational bank.  

The slowdown in demand and stronger US dollar worldwide has pushed down cotton prices in the international market, raising hopes of increased work orders from global brands and retailers among local garment makers.

One of the Rampal power plant’s two units was inaugurated last month but it still requires some machinery to practically start running.