Withdraw export threshold in new GSP

Garment exporters are demanding the European Union (EU) remove the 7.4 per cent threshold on apparel imports from any given country in the proposed Generalised System of Preferences (GSP) to ensure smooth continuation of exports to the world’s largest trade bloc.
19 July 2022, 03:00 AM

Loan defaulters get a big break

Bangladesh Bank yesterday substantially relaxed the policy for rescheduling defaulted loans, allowing defaulters to repay term loans over a maximum period of eight years whereas it was previously two years.
19 July 2022, 02:15 AM

Uninsured losses from disasters high in Bangladesh

Bangladesh lost up to 1.1 per cent of its gross domestic product (GDP) between 2016 and 2020 because of natural disasters such as floods, cyclones and salinity, and much of these losses could be reduced by providing insurance to the underserved population and protecting vulnerable communities.
18 July 2022, 18:00 PM

Frozen fish exports rebound, hit 6-year high

Frozen fish exports from Bangladesh rebounded and a hit six-year high in the just concluded fiscal year powered by an increase in the price of black tiger shrimp and freshwater prawn farmed in the Southern coastal region.
18 July 2022, 02:45 AM

Luxury hotels recovering thanks to local guests

Luxury hotel businesses in Bangladesh are on the path of recovery to pre-pandemic levels, with local customers playing a vital role in renting rooms, holding a large number of events and seeking food made by their restaurants. 
18 July 2022, 02:15 AM

Trade thru Hili port resumes after Eid

The cross-border trade between India and Bangladesh through Hili land port in Dinajpur resumed on Saturday after an eight-day closure for Eid-ul-Azha.
17 July 2022, 18:00 PM

Large animals brought small profits this Eid

Farmers in northern Bangladesh who prepared large cattle for sale during the recent Eid-ul-Azha have been left disgruntled as they registered unexpectedly poor profits even though a higher number of animals were bought for sacrifice this year, according to traders and livestock officials.
17 July 2022, 03:15 AM

Furniture exports hit decade high

The global demand for furniture “made in Bangladesh” has risen considerably thanks to improvements in product quality, diversification in design, cash incentives, availability of manpower and lower wages in the industry, according to market players.
17 July 2022, 03:00 AM

Outlook gloomy for small garment makers

Big and green apparel factories are content bagging a constant stream of work orders but small, medium and subcontracting units are suffering amidst volatility in the global garment supply chain stemming from the Russia-Ukraine war.
17 July 2022, 02:15 AM

IHG, Doreen Hotels & Resorts sign deal

IHG Hotels & Resorts, a British multinational hospitality company that runs its worldwide business in the name of InterContinental Hotels Group PSL, has signed an agreement with Doreen Hotels & Resorts in a bid to open Crowne Plaza Dhaka Gulshan in Bangladesh by the end of 2022.
16 July 2022, 18:00 PM

47 firms get nod to import 73,000 tonnes of rice

The government has given go-ahead to 47 companies to import 73,000 tonnes of rice as part of its ongoing effort to contain food prices in the local market.
16 July 2022, 18:00 PM

Cultivation of zinc-rich paddy growing in Rangpur

Zinc-enriched paddy cultivation is expanding day by day across five districts of the Rangpur division thanks to increased demand for the crop given its immunity-boosting properties. 
15 July 2022, 03:15 AM

Jute, jute goods exports fall for soaring shipping costs

Exports of jute and jute goods from Bangladesh declined in the last fiscal year due to the unprecedented surge in shipping costs and the higher price of raw fibres.
15 July 2022, 03:00 AM

Shanta First Income Unit Fund declares 10pc dividend

Shanta First Income Unit Fund has announced a 10 per cent, or Tk 1 per unit, dividend for the fiscal year that ended on June 30, 2022.
14 July 2022, 18:00 PM

Our love for the Big 4!

When it comes to the Big 4, the corporate trust instincts set in for good reasons but is it time to question if such blind reliance is the best practice always?
14 July 2022, 18:00 PM

More austerity needed to rein in inflation: Speakers tell ICAB discussion

The government should adopt more austerity measures to rein in inflation and keep the macroeconomy stable since the global economic crisis derived from the Russia-Ukraine war and supply chain woes will not be resolved anytime soon, speakers said yesterday. 
8 July 2022, 05:00 AM

Free veterinary services just a click away

When one of her cattle died contracting hoof-and-mouth disease some time back, Salma Akther had grown deeply worried over the future of her remaining herd of 19 animals.
8 July 2022, 04:00 AM

Agro-preneurship and enhancing farm income

In Bangladesh, employment generation is the prime agenda for sustainable development for huge educated jobless. This is highlighted in policy discussions or research findings.  
8 July 2022, 03:45 AM

Barishal launch services see passenger rebound before Eid

Use of launch services in Barishal declined by up to 50 per cent in the first seven days after Padma Bridge was inaugurated but the situation has since changed thanks to an onrush of Eid home-goers.
8 July 2022, 03:30 AM

Rawhide traders upbeat as tanners pay arrears

Rawhide traders are expecting a good season for business this year as tanners have cleared last year’s arrears owed to them, which would in turn enable purchasing skins and hides from seasonal traders during upcoming Eid-ul-Azha. 
8 July 2022, 03:15 AM