McDonald Steel first to begin production

Bangladesh’s largest industrial enclave, Bangabandhu Sheikh Mujib Shilpa Nagar, in Mirsarai, Chattogram, finally witnessed the start of operations of its maiden factory last week.
31 January 2022, 18:00 PM

Power purchase deal expired: Electricity companies feeling the pinch as plants closed

Listed power generation companies of Bangladesh have started to feel the negative impact of the expiry of power purchase agreements with the government.
31 January 2022, 18:00 PM

Krishibid Seed to raise funds thru SME board

Krishibid Seed has got approval to raise funds of Tk 11.60 crore as a small and medium enterprise through issuing 1.16 crore shares.
31 January 2022, 18:00 PM

Dhaka trade fair bags $16m in export orders

Participating companies of the 26th Dhaka International Trade Fair (DITF) bagged export orders worth about $16 million at the month-long event that ended yesterday.
31 January 2022, 18:00 PM

Steelmakers’ earnings soar on higher sales

Profits of listed steel manufacturers have soared thanks to higher volumes of sales made after the economy opened up in full swing.
30 January 2022, 18:00 PM

Dhaka 4.0: Towards a more liveable city

The year 2021 ended with multiple accomplishments for Dhaka city. 
30 January 2022, 18:00 PM

Jute traders, millers tired of artificial supply shortages

The government is set to launch a special drive against illegal stockpiles of raw jute to ensure a smooth supply in the domestic market and enable mills to make jute goods for export, the textiles and jute ministry said yesterday.
30 January 2022, 18:00 PM

Chaldal on expansion spree

Local online grocery store Chaldal is expanding at a faster clip outside of Dhaka to cater to customers who have become habituated with digital shopping throughout the coronavirus pandemic.
30 January 2022, 18:00 PM

Green garment efforts not yielding better prices

Entrepreneurs yesterday expressed disappointment as their green operations are not fetching better prices although the costly move has allowed buyers to source products from eco-friendly factories and benefit from the improving image of the whole supply chain.
30 January 2022, 18:00 PM

No plan to raise fertiliser prices

The government is having to provide over threefold the usual annual subsidies for fertilisers in fiscal year 2021-22 due to an unusual rise in international market prices.
29 January 2022, 18:00 PM

Power tariff hike to hit apparel

Any power tariff hike will have a serious impact on the garment industry as it will scuttle its recovery from the coronavirus pandemic and erode competitiveness, said Faruque Hassan, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
29 January 2022, 18:00 PM

Metalworkers hit by rising production costs

The traditional pewter and brass metalwork industry in Chapainawabganj has been struggling to bear the burden of increased production costs for the past four months now, according to industry insiders.
29 January 2022, 18:00 PM

Lack of reliable data stymies dev efforts: experts

The lack of reliable data on poverty, employment and other key economic indicators in Bangladesh undermines the country’s efforts to make proactive contributions towards its development, according to speakers at a webinar.
29 January 2022, 18:00 PM

Textile millers demand smooth gas supply

Textile millers yesterday urged the government to ensure an uninterrupted gas supply to keep the recovery of the apparel sector from pandemic fallout smooth.
29 January 2022, 18:00 PM

Naz Garden, 1st 3-star hotel of north Bangladesh, up for sale

The pandemic has ended up being the final nail in the coffin for Hotel Naz Garden in Bogura, the first three-star establishment of northern Bangladesh, with the owner putting it up for sale to end it from haemorrhaging money.
29 January 2022, 18:00 PM

External debt repayment rises 16pc

Bangladesh’s external debt repayment has increased gradually in recent times aided by an inflow of a huge amount of foreign loans from multilateral and bilateral partners in the forms of project aid and budget support.
27 January 2022, 18:00 PM

Finally, businesses get guidelines to invest abroad

The central bank yesterday issued rules allowing local firms to invest in other countries in a major move towards capital liberalisation that will enhance the country’s export prospects and create jobs for Bangladeshis abroad.
27 January 2022, 18:00 PM

NBR’s pre-budget meetings from Feb 6

The National Board of Revenue (NBR) is going to start its pre-budget meetings for the next fiscal year from February 6.
27 January 2022, 18:00 PM

Syed Ershad reelected as AmCham president

Syed Ershad Ahmed has been re-elected as the president of the American Chamber of Commerce in Bangladesh (AmCham) for 2021-22 tenure.
27 January 2022, 18:00 PM

Lack of demand forcing weavers to leave profession

Abdus Sattar, a resident of Mahishamuri village in Lalmonirhat’s Kaliganj upazila, was a weaver by profession like his father before him, the late Amir Chand.
27 January 2022, 18:00 PM