Load-shedding: SMEs outside EPZs, industrial belts bear the brunt

The ongoing regular power cuts are eating away at the profits of small and medium enterprises (SMEs) in Bangladesh since they need to rely on costly diesel to keep their operation up and running, which is raising the cost of production. 
25 July 2022, 02:00 AM

13 to be honoured for contribution to agriculture

The government has announced honouring 13 people with the ‘Agricultural Important Person’ or AIP status for their outstanding contribution to the agricultural sector.
24 July 2022, 18:00 PM

Leadership agenda beyond digital

Most of the large organisations worldwide are going through certain technology-led digital transformations. 
24 July 2022, 18:00 PM

Shakib serves legal notice to Banglalink, Jamuna Bank

Cricketer Shakib Al Hasan yesterday served a legal notice to Banglalink and Jamuna Bank Ltd, asking them to refrain from continuing to display and exploit his image and brand for commercial purposes without his consent and in violation of an agreement.
24 July 2022, 18:00 PM

Euro equals USD: the good, the bad and the ugly

On July 12, the euro equaled the US dollar, a fall for the former since its journey began in 2002.  
24 July 2022, 03:45 AM

Registration of new companies slows

Registration of new firms in Bangladesh declined 9 per cent year-on-year to 13,480 in the just-concluded fiscal year of 2021-22 owing largely to the persisting economic uncertainty at home and abroad, official figures showed. 
24 July 2022, 03:15 AM

BB to sign MoU with banks to cut default loans

Bangladesh Bank plans to sign a memorandum of understanding (MoU) with 10 commercial banks for taking various steps on a pilot basis, including periodically publishing their lists of defaulters, in a bid to reduce their default loans. 
24 July 2022, 02:30 AM

Pharma needs to prepare for post-LDC era

Bangladesh should quickly do some homework on how to tap its potential of earning billions from the global pharmaceuticals market as the country will lose its preferential trade benefits after graduating from a least developed country (LDC) in 2026, according to an economist.
23 July 2022, 18:00 PM

Newsweek highlights achievements of Bangladesh

The US weekly magazine Newsweek has highlighted the story of Bangladesh’s spectacular economic advancement and its achievement in eliminating poverty in its latest issue. 
23 July 2022, 18:00 PM

60pc of fruits still imported to fill demand

Although Bangladesh is one of the largest producers of mango, jackfruit and guava in the world, about 60 per cent of the country’s demand for fruit is met through imports at an annual cost of around $30 million, according to experts.
23 July 2022, 18:00 PM

Regulatory moves target private sector, not public sector

Bangladesh Bank has recently taken some serious decisions, the speed and approach of which seem unusual.  
22 July 2022, 02:45 AM

Trial run of Patenga terminal hits a snag

The planned trial berthing of a vessel at the newly built Patenga Container Terminal (PCT) in the Chattogram port could not be begun yesterday due to the non-completion of some works. 
22 July 2022, 02:30 AM

Largest loan from IMF on the cards

The International Monetary Fund is expecting a formal request for a loan from Bangladesh soon to provide a buffer to the delicate foreign currency reserves amid global economic volatility even though the government remains in two minds about it.
22 July 2022, 02:15 AM

Forex crisis spills over to bond market

Banks in Bangladesh are already in a tight liquidity situation since they have to buy US dollars at higher rates to settle import bills. 
22 July 2022, 02:00 AM

Social media revenue growth likely to slow

Wall Street is bracing for the slowest global revenue growth in the history of the social media sector, as intensifying competition from TikTok and Apple in advertising threaten to compound economic woes in the second quarter.
21 July 2022, 18:00 PM

Highlight success of foreign companies Says US delegation

Bangladesh needs to highlight the shining examples of foreign companies that have achieved success after setting up businesses here, said a delegation of American investment management firm T Rowe Price Group Inc yesterday. 
21 July 2022, 18:00 PM

Blue economy ministry proposed to tap potential

State Minister for Planning Shamsul Alam yesterday proposed creating a new authority – either a ministry or a division under a ministry – to help dedicatedly tap the potential of blue economy. 
21 July 2022, 18:00 PM

Heidelberg Cement suffers losses in Q2

Heidelberg Cement Bangladesh Ltd suffered losses in the April-June period of 2022 owing to the higher cost of raw materials and freight charges and the weakening of the taka against the US dollar. 
21 July 2022, 18:00 PM

Experts for making mobile tower sharing mandatory

Mobile subscribers are being deprived of quality services as operators remain reluctant to share their tower infrastructure even though relevant policies have been in place for years, according to experts.
21 July 2022, 18:00 PM

Dollar gets even pricier

The taka depreciated once again against the US dollar in the inter-bank platform yesterday. 
21 July 2022, 18:00 PM