Boost investment in business-friendly Bangladesh: PM to US delegation

Prime Minister Sheikh Hasina today invited US businesspersons with the assurance of best possible policy framework for investment-friendly atmosphere in Bangladesh.
10 May 2022, 07:21 AM

Bangladesh's debt situation may become tricky from 2024-25

The debt situation may become tricky from 2024-25 if the government does not ramp up its revenue base now as the repayment schedule for many of the costly loans taken recently would begin then, said eminent economist Debapriya Bhattacharya yesterday.
9 May 2022, 18:00 PM

Trade with US: Three cheers for $12b

Bangladesh’s total trade with the United States has crossed the $10-billion mark in 2021, a feat that we should celebrate and beat our drums in the run-up for 2022 that is beckoning a 12-billion-dollar milestone! First, let us look at blockbuster ten.
9 May 2022, 18:00 PM

Feed home or the world? India’s wheat dilemma

In September last year, when Prime Minister Narendra Modi met US President Joe Biden in Washington on the margins of the first in-person summit of the Quad group of countries, he had conveyed to him that India was ready to supply food grains to the world if the World Trade Organisation agrees.
9 May 2022, 18:00 PM

Taka slides further against dollar

The country’s foreign exchange market has remained volatile even though the Bangladesh Bank has depreciated the taka against US dollars four times this year.
9 May 2022, 18:00 PM

Exports booming despite gloomy global outlook

Earnings from merchandised exports from Bangladesh soared 51.18 per cent year-on-year in April to $4.73 billion helped by higher shipment of garments, home textiles and footwear, official figures showed yesterday.
9 May 2022, 18:00 PM

Understanding country risk

Investors typically take 5 to 10 years of historical data as a basis for projections of the future. But in cases such as Russia’s invasion of Ukraine or Sri Lanka’s rapid economic deterioration, the past is not a metric that can be relied on for the future.
8 May 2022, 18:00 PM

Time extended for cinema owners

The country’s cinema owners will now get time until December 31 this year to apply for loans from the Tk 1,000 crore refinance scheme formed by Bangladesh Bank.
8 May 2022, 18:00 PM

Budget's implementation challenges: Experts blame lower revenue collection, poor execution capacity

Anyone who follows the national budget of Bangladesh is familiar with some expressions such as ‘ambitious budget’ and ‘implementation will be challenging”.
8 May 2022, 18:00 PM

RFL Group launches new bicycle plant in Rangpur

RFL Group has set up its second bicycle manufacturing plant with the objective to secure a bigger slice of the Tk 1,800 crore domestic two-wheeler market, which is growing due to rising health consciousness and a quest for convenience in transportation.
7 May 2022, 18:00 PM

AIIB extends $200m credit facility to Idcol

Asian Infrastructure Investment Bank (AIIB) has extended a $200 million long-term credit facility to the Infrastructure Development Company Ltd (Idcol) of Bangladesh for financing infrastructure projects in the country.
7 May 2022, 18:00 PM

Production of rock halted since May 1

Maddhapara Granite Mining Company Limited (MGMCL) has halted hard rock production since May 1 due to a lack of the explosives needed to extract the material from underground, according to company officials.
7 May 2022, 18:00 PM

Soybean oil at Tk 110 a litre for TCB cardholders

The Trading Corporation of Bangladesh (TCB) will resume selling soybean oil at Tk 110 a litre to one crore TCB cardholder families from next month, Senior Commerce Secretary Tapan Kanti Ghosh said yesterday.
7 May 2022, 18:00 PM

Stimulus funds: Lending loses steam for slow release of interest subsidy

Bangladesh’s economy might fail to benefit from the government’s timely rollout of stimulus packages for cottage, small, medium and large industries as banks have lost the zeal to extend loans since interest subsidy was not paid out at the expected pace as initially thought.
7 May 2022, 18:00 PM

Entravision MediaDonuts opens office in Bangladesh

Entravision MediaDonuts, a Singapore-based online advertising and technology company, has opened an office in Bangladesh as part of effort to continue its expansion in Asia in the second quarter of 2022.
30 April 2022, 18:00 PM

84pc factories clear Eid bonus

Around 84 per cent of factories across Bangladesh completed distributing festival bonuses to their workers as of yesterday in anticipation of the Eid holidays which are set to begin today, according to data from Industrial Police.
30 April 2022, 18:00 PM

Oil prices plummet

Oil prices fell on Friday, reversing in volatile trade, pulled downward by the US heating oil contract that plummeted by more than 20 per cent at one point on the day of its expiration.
30 April 2022, 18:00 PM

The economics of Eid-ul-Fitr

The latest wave of Covid-19 is on the verge. The economy looks like on rebound mode, but it may take more time for the life and livelihood to return to normalcy if other things remain constant.
30 April 2022, 18:00 PM

‘Natural’ potato storage the new rage in north

Amidst substantial amounts of potato production and subsequent space constraints in cold storages, a new method of stowing the spuds that does not require freezing has come as a blessing for farmers in the country’s northern districts.
30 April 2022, 18:00 PM

High growth in manufacturing didn’t ensure job creation

DS: What does the new Survey of Manufacturing Industry (SMI) reveal about manufacturing sector growth?
30 April 2022, 18:00 PM