Textiles ministry to honour 7 organisations

The Ministry of Textiles and Jute will celebrate National Textiles Day 2021 on December 4 by honouring seven organisations for their contribution to protecting the textiles sector in the pandemic’s aftermath.
2 December 2021, 18:00 PM

Exports surge in Nov, fetch another $4b

Bangladesh’s exports surged in November as it raked in $4.04 billion, reflecting the strong demand for apparels from the country following reopening of US and European economies from the severe fallout of Covid-19, official figures showed yesterday.
2 December 2021, 18:00 PM

Steps against money launderers to be made public soon

Finance Minister AHM Mustafa Kamal yesterday said the media would soon be informed about measures the government has taken against culprits who laundered money abroad in the past two to three years.
1 December 2021, 18:00 PM

BB refutes BSEC statement

Bangladesh Bank yesterday refuted the Bangladesh Securities and Exchange Commission’s (BSEC) statement on Tuesday that two issues on which the two regulators had a dispute on had been resolved through a meeting that day.
1 December 2021, 18:00 PM

Govt support was scarce considering Covid fallout

The government support extended to ordinary people amid the ongoing coronavirus pandemic was insufficient to sustain their livelihoods and contribution to the overall economy, a noted economist said yesterday.
1 December 2021, 18:00 PM

Digitalisation not contributing much to GDP growth: study

Increasing digitalisation and tele-density has contributed to the country’s economic growth but it has not been as significant as in countries like India, said a study unveiled yesterday.
1 December 2021, 18:00 PM

There’s still space for raising public debt

Bangladesh’s current debt to gross domestic product (GDP) ratio of 40.7 per cent is still sustainable and there is space for increasing public debt.
1 December 2021, 18:00 PM

SMEs and technology were game changers for IPDC

IPDC Finance has recovered from a sinking position to become one of the best non-bank financial institutions (NBFIs) in Bangladesh by shifting its focus to untapped sectors, according to the company’s Managing Director Mominul Islam.
1 December 2021, 18:00 PM

Remittance slides to 18-month low

The flow of remittance to Bangladesh fell sharply in November as the country’s expatriates continue to prefer informal channels for sending their money.
1 December 2021, 18:00 PM

Govt to honour 57 NRBs as CIP

The government has selected 57 non-resident Bangladeshis to honour them as the commercially important person (CIP) for their contribution to the economy.
30 November 2021, 18:00 PM

FBCCI to celebrate 50 years of independence

The country’s apex trade body, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), is going to launch a 16-day event in Dhaka to commemorate the country’s 50 years of independence.
30 November 2021, 18:00 PM

Idcol plans big for industrial rooftop solar

The Infrastructure Development Company Ltd (Idcol) has big plans to invest in industrial rooftop solar power projects in line with the government target to meet 30 per cent of Bangladesh’s energy needs from clean sources by 2030.
30 November 2021, 18:00 PM

Business revival lifts credit growth to 13-month high

Private sector credit growth in Bangladesh accelerated to 9.44 per cent in October, the highest in 13 months as the economy is running in full swing, shaking off coronavirus fallout.
30 November 2021, 18:00 PM

BJA gets new office bearers

Bangladesh Jute Association (BJA) yesterday witnessed the election of its new office bearers for a two-year term starting 2021-22. 
30 November 2021, 18:00 PM

Addressing global supply chain bottlenecks

Unusual disruptions in global supply chains are becoming a nightmare not only for businesses but for the global economy as well. It has reached such a dire state that even the US president had to make resilient supply chains a top priority of his administration.
30 November 2021, 18:00 PM

Inflation climbs to 12-month high in October

Inflation jumped to a 12-month high in October as elevated levels of commodity costs in the international markets translated into higher consumer prices in Bangladesh, official figures showed yesterday.
29 November 2021, 18:00 PM

Give priority to local firms for govt infrastructure projects: FBCCI

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the government to discourage foreign companies from taking part in national infrastructure projects.
28 November 2021, 18:00 PM

Refiners seek yet another hike of edible oil price

Not even a month has gone by yet edible oil refiners are again proposing hiking prices for the fourth time this year, reasoning it to be a ripple effect of international rates.
28 November 2021, 18:00 PM

Higher prices hit pockets

The prices of daily essentials have kept going up in Dhaka and other parts of the country, hitting the pockets of consumers hard.
28 November 2021, 18:00 PM

WTO postpones ministerial meeting after new variant outbreak

The World Trade Organisation (WTO) has postponed the imminent Ministerial Conference after an outbreak of a particularly transmissible strain of Covid-19 led several governments to impose travel restrictions that would have prevented many ministers from reaching Geneva.
27 November 2021, 18:00 PM