Prefabricated Steel: Much of the demand met by local firms

Local manufacturers now control 90 per cent of the once import-heavy prefabricated steel market thanks to capacity building and an increase of skilled manpower, according to industry insiders.
8 August 2022, 02:45 AM

Card Payment: Foreign currency transactions hit all-time high

Foreign currency transactions through cards hit an all-time high of Tk 356 crore in May due to a rise in the number of travellers going abroad.
8 August 2022, 02:30 AM

Padma Bridge opens door to opportunities

The dream of establishing road connectivity between the southwestern part of Bangladesh and the capital city came true after the opening of long-waited Padma Bridge in June.
8 August 2022, 02:15 AM

Fuel price hike to have domino effect on economy: DCCI

The increase in gas tariff in June and the fuel price hike on Saturday will have an immediate negative impact on transportation, essential commodities and electricity, said the Dhaka Chamber of Commerce and Industry (DCCI) yesterday.
7 August 2022, 18:00 PM

Policy rate still low: Economist

Bangladesh Bank recently raised the policy rate to tame soaring inflation but the new benchmark is still lower than the country’s historic average, said an economist.
7 August 2022, 18:00 PM

Firms can apply online for bonded warehouse licence

From the first week of September, entrepreneurs in Bangladesh will not require visiting the customs bond commissionerates to file applications to get a fresh licence to import raw materials duty-free used in making export-oriented finished products. 
7 August 2022, 18:00 PM

Fuel price hike lifts energy stocks

Stocks of fuel distributors and marketers Padma Oil Company, Meghna Petroleum, Jamuna Oil Company and Intraco Refueling Stations rose yesterday after the government increased prices of fuel in the range of 41 per cent to 51 per cent amidst a drop in the benchmark index of the Dhaka bourse.  
7 August 2022, 18:00 PM

Adopt new staggered weekends

In a desperate move the government yesterday instructed all businesses and industries to adopt staggered weekends that would be designated for their respective zones to continue running production whilst saving electricity to reduce power cuts. 
7 August 2022, 18:00 PM

Govt, WB sign $300m loan deal

The World Bank yesterday signed a $300 million financing agreement with the Bangladesh government to help the nation strengthen its urban institutions to recover from the Covid-19 pandemic and improve preparedness for future shocks.
7 August 2022, 18:00 PM

GP, UNDP, Bida launch skills dev programme

A programme styled “Graduate Employment in Private Sector” was launched yesterday to train graduates entering the workforce on foundational skills such as digital and financial literacy, communication, and business appreciation.
7 August 2022, 18:00 PM

Fuel price hike: Economists question logic, timing

The government’s decision to impose an astronomic hike in fuel prices is irrational as it comes at a time when the general public is losing its purchasing power amid record inflation following the hardships brought on by Covid-19.
7 August 2022, 02:15 AM

Agri subsidy should continue to ensure food security

The government should continue giving subsidies to the agriculture sector to ensure food security and shun imports, economists said yesterday.
6 August 2022, 18:00 PM

Improve infrastructure, workforce efficiency

The implementation of various projects under the Bangladesh Delta Plan 2100 (BDP 2100) requires taking effective steps to build physical infrastructure as well as enhance the capacity and efficiency of the workforce, speakers said at a seminar yesterday.
6 August 2022, 18:00 PM

Crisis and measures: past and present

Bangladesh has been confronting a major economic crisis for several months.  
6 August 2022, 18:00 PM

Valere Healthcare to connect doctors, patients, hospitals

Patients in Bangladesh, even for a simple treatment or consultation, often get bewildered how they would find their desired doctors and locate the nearest or best hospitals or labs. 
6 August 2022, 18:00 PM

Industries fear severe impacts of fuel price hike

The cost of fuels for Plummy Fashions Ltd, the world’s greenest knitwear factory located in Narayanganj, will go up by 25 per cent owing to Saturday’s more than 50 per cent hike in the price of petroleum products. 
6 August 2022, 18:00 PM

Moong dal exports to Japan on the rise

Grameen Euglena, a joint venture between Japan’s Euglena Co Ltd and Bangladesh’s Grameen Krishi Foundation, has been processing moong dal collected from Patuakhali and exporting it to Japan since 2018.
5 August 2022, 02:45 AM

Wage growth falls to 7-year low in FY22

The wage growth in Bangladesh declined to a seven-year low of 6.06 per cent in the last fiscal year, highlighting the struggle low-paid workers are facing owing to the higher cost of living, official figures showed.    
5 August 2022, 02:15 AM

Teletalk’s dues to govt pile up

State-run mobile network operator Teletalk has yet again failed to pay fees to the Bangladesh Telecommunication Regulatory Commission (BTRC) for the spectrum it acquired in the latest auction. 
5 August 2022, 02:00 AM

IR 4.0 for Idiots!

Late last year, I had the opportunity to attend a daylong workshop on IR 4.0 (The Fourth Industrial Revolution) where the speakers included a number of high-level government officials from multiple ministries and institutions.
4 August 2022, 18:00 PM