Despite the second wave of the coronavirus pandemic, Bangladesh’s economy pulled off a stunning 6.94 per cent growth in the last fiscal year, way higher than the initial estimate.

Bangladesh’s gross domestic product (GDP) grew 6.94 per cent in the fiscal year 2021.

The Association of Bankers, Bangladesh (ABB) thinks that the latest pay fixed by the central bank for entry-level officials will also bring intangible benefits for banks.

Firms in Bangladesh feel that the economic recovery will be weaker than they had perceived earlier due to the adverse impacts of Omicron and the fuel price hike that raised the cost of doing business, according to a survey.

Nihad Kabir, a senior advocate and a former president of the Metropolitan Chamber of Commerce and Industry (MCCI), has taken over as the chairperson of the trustee board of the Business Initiative Leading Development (BUILD) for 2022-23.

I took over as head of treasury and a country senior team member in the then ANZ Grindlays Bank in early 1988 and since then worked as a senior executive in three global banks at home and abroad.

Team Group, a leading garment exporter, has targeted to export goods worth $1 billion by 2026, when Bangladesh is scheduled to officially make the United Nations status graduation from a least developed to a developing country.

Firms in Bangladesh have recovered about 60 per cent of their business compared to the pre-pandemic levels, found a survey.

Profits of listed biscuit makers plunged year-on-year in the last October-December period owing to a rise in raw material prices.

Ensuring accessible, affordable and reliable financial services for all is one of the prerequisites of inclusive growth. The need for a comprehensive and focused public document for this purpose, outlining the vision, concrete targets and clearly defined implementation plan, had long been agreed upon by most financial policymakers worldwide.

A new container shipping service directly connecting the Chattogram port to one in Italy will reduce costs by almost 40 per cent, opening a new horizon for Bangladesh’s foreign trade, said BGMEA President Faruque Hassan yesterday.

The Dhaka Chamber of Commerce & Industry (DCCI) yesterday urged the government to cut the corporate tax rate by 2.5 percentage points in the next fiscal year to align it with the regional average rate.

Cotton production in Bangladesh has been low as farmers prefer other cash crops to the white fibre, completely missing out on at least a $3 billion domestic market.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the Bangladesh Economic Zones

Gold smuggling continues to remain as a big challenge while imports remain lukewarm in spite of all the government policy support to encourage entry of the precious metal through formal channels, said the revenue authority’s chief yesterday.

Foreign investors expect hassle-free, ready-to-use industrial setups, which the country’s leather sector, especially footwear and associated goods, lacks, says Md Saiful Islam, president of the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI).

Bangladesh’s wheat consumption is forecast to rise 6 per cent to 84 lakh tonnes in the marketing year (MY) beginning from July as demand of households, restaurants and the bakery industry has increased, said the US Department of Agriculture (USDA) in a recent report.

Construction companies and raw material producers in a meeting with the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) recently decided to meet on a quarterly basis to maintain stability in the construction sector.

The government is going to introduce smart cards for farmers with an aim to provide area-based and demand-based agricultural services.

A top footwear manufacturer is setting up a shoe industrial park, the first of its kind in Bangladesh, to supply import substitute raw materials and accessories to producers, boost exports and attract foreign investment.