RMG work orders returning as labour unrest subsides

After more than a month of disruption due to the political changeover and subsequent labour unrest in major industrial belts, international apparel retailers and brands are returning to Bangladesh with work orders for upcoming seasons.
19 October 2024, 18:00 PM

Garment industry lost $400m to worker unrest

The garment industry of Bangladesh has suffered collective production losses of nearly $400 million due to a series of labour unrest in September and early October, exporters said.
19 October 2024, 18:00 PM

Budget support from WB, IMF, ADB: Bangladesh may get $5.65b by this fiscal year

The government is expecting at least $5.65 billion in budget support this fiscal year from the World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB) to expedite reforms.
18 October 2024, 18:41 PM

Wheels of change: Bangladesh’s journey to self-sufficiency in motorcycle manufacture

It was once beyond anyone’s wildest imagination that Bangladesh would become a motorcycle manufacturing hub. Only seven years ago, the country relied on imports to meet 95 percent of its demand for motorbikes.
18 October 2024, 18:00 PM

Up to $1.5b World Bank loans to be repurposed

The government has identified a dozen slow-paced projects funded by the World Bank, from which up to $1.5 billion will be repurposed and utilised as budget support or in other policy-based reform programmes.
14 October 2024, 18:01 PM

Demand for luxury apartments near nil

Luxury apartment sales have dwindled to almost nil ever since the recent political changeover as people have become cautious about spending amid the ensuing economic uncertainty, according to industry insiders.
13 October 2024, 18:00 PM

16 NBFIs face total provision shortfall of Tk 1,954cr

Sixteen non-bank financial institutions (NBFIs) faced a combined provision shortfall of Tk 1,954 crore till June this year, reflecting that their financial health had worsened.
13 October 2024, 18:00 PM

Foreign investors returning to stock market

After a long time, foreign investors are showing renewed interest in buying shares of listed companies in Bangladesh as they hope good governance will return to the local stock market following the recent political changeover.
13 October 2024, 18:00 PM

Inward remittance through MFS hits 5-year high in August

Bangladesh’s migrant workers sent home Tk 1,101.8 crore in remittances through mobile financial service (MFS) providers in August, marking the highest monthly receipts through digital channels in the past five years.
12 October 2024, 18:00 PM

ICT experts demand taskforce to reduce data prices urgently

Telecom and ICT industry experts yesterday proposed the formation of a specialised taskforce to urgently address the high cost of mobile and broadband data in Bangladesh.
12 October 2024, 18:00 PM

Family businesses: accept change, compete or get lost

Thanks to The Daily Star and DHL Worldwide for holding Bangladesh Business Awards for 22 consecutive years. Having been with its jury panel for nine years during the initial period, I know how tough it is to find the awardees, especially the individual businesspersons with respectable track records.
12 October 2024, 18:00 PM

Bangladesh’s cotton use forecast revised upwards

Bangladesh’s cotton consumption is expected to rise marginally to 78 lakh bales in marketing year 2024-25, which began in August, according to a US Department of Agriculture (USDA) report published on Friday.
12 October 2024, 18:00 PM

Economic output may expand 29% if more women employed: WB

Bangladesh could increase its output in the manufacturing, service and farming sectors by up to 29 percent simply by bringing more women into the workforce, according to the World Bank.
12 October 2024, 18:00 PM

Puja brings little cheer to sweet shops

Sweets makers in Dhaka have found little reason to cheer during the ongoing Durga Puja festivities as chain stores reported that sales have not grown due to security concerns weighing on the minds of devotees.
12 October 2024, 18:00 PM

WB cuts FY25 growth forecast to 4 percent

The World Bank has slashed its forecast for Bangladesh’s economic growth by 1.7 percentage points to 4 percent for FY25 due to “significant uncertainties following recent political turmoil” and “data unavailability”.
10 October 2024, 18:00 PM

Inflation down by one percent: Salehuddin

Govt has been able to stabilise the market situation
9 October 2024, 13:21 PM

‘Three Zeros’ of Yunus a major catalyst for SDGs

The vision of “Three Zeros” of Dr Muhammad Yunus, chief adviser to the interim government, can act as a major catalyst for achieving Sustainable Development Goals (SDGs), a speaker said at a recent workshop..The “Three Zeros” -- zero poverty, zero unemployment and zero net carbon emissions
8 October 2024, 17:00 PM

Tariff Commission again calls for duty cut to calm egg prices   

On August 29, the commission sent an analytical report to the revenue board recommending duty cuts for the import of onions, potatoes and eggs
8 October 2024, 10:54 AM

Tk 353cr anomalies found at Sonali Life Insurance

The Bangladesh Financial Intelligence Unit (BFIU) has discovered anomalies worth Tk 353 crore at Sonali Life Insurance Company, accusing its former chairman Mostafa Golam Quddus and his family members of irregularities, fraud, and money laundering.
8 October 2024, 01:00 AM

Govt cancels LNG terminal deal with Summit

The government has cancelled its deal with Summit Group on the second Floating Storage and Regasification Unit (FSRU).
7 October 2024, 18:00 PM