ADB approves $250 million loan for Bangladesh’s economic recovery

The Asian Development Bank (ADB) has approved a $250 million policy-based loan to support Bangladesh’s economic recovery following the Covid-19 pandemic.
25 September 2021, 10:58 AM

Walton to become a global brand by next 9 years

With a vision ‘Go Global 2030’, Walton wants to become one of the best global electronics brands by the next nine years, said Walton Hi-Tech Industries’ Managing Director Golam Murshed at a roadshow.
23 September 2021, 18:00 PM

Evergrande founder calls for construction, sales to resume

The head of teetering Chinese developer Evergrande has urged staff to resume construction and sales to deliver properties, state media reported Thursday, as it battles to avoid a collapse many fear could send shockwaves through the world’s number two economy.
23 September 2021, 18:00 PM

Sonali chicken a game changer for Joypurhat farmers

The poultry industry in Rajshahi’s Joypurhat district has grown expeditiously over the past two decades thanks to the breakthrough breeding of Sonali chicken, a cross-breed of Rhode Island Red cocks and Fayoumi hens.
23 September 2021, 18:00 PM

Automobile policy hits the road, aims to cut import

Bangladesh will cut its over-reliance on imported vehicles, switch to electric modes of transportation and become a regional hub for automobile manufacturing by 2030 as the government unveiled the country’s first-ever policy to develop the sector.  
23 September 2021, 18:00 PM

Foreign JV to build 50MW solar power plant

Two foreign companies yesterday got the government nod to set up a 50-megawatt solar power plant in Khulna’s Terokhada upazila.
22 September 2021, 18:00 PM

ADB lowers growth forecast

The Asian Development Bank has trimmed its economic growth projection for Bangladesh to 6.8 per cent for 2021-22, a reflection of the impacts of the containment measures reinstated at the start of the fiscal year to bring down coronavirus infection rates.
22 September 2021, 18:00 PM

Chinese toymaker to invest $6.5m for Dhaka EPZ factory

Chinese toymaker Meigo (Bangladesh) Ltd is going to invest $6.55 million to establish a factory in Dhaka Export Processing Zone. The company will annually produce 9 lakh die-cast, plastic, plush and collectible toys.
22 September 2021, 18:00 PM

Imitation jewellery makes a comeback in Jhenidah

Around 10,000 families in Moheshpur upazila of Khulna’s Jhenaidah district are seeing better days as the local imitation or “city gold” jewellery industry has bounced back from a prolonged period of economic uncertainty due to the ongoing Covid-19 pandemic.
22 September 2021, 18:00 PM

PM seeks US investment in ICT, renewable energy

Prime Minister Sheikh Hasina has sought US investment in Bangladesh’s promising sectors such as information and communication technology (ICT), renewable energy, agro-processing, blue economy, tourism and hi-tech parks.
22 September 2021, 05:55 AM

Dairy farming gets costlier

Milk production has turned costlier in the past few months due to soaring prices of animal feed, leaving dairy farmers with little hope of securing expected profits.
21 September 2021, 18:00 PM

Govt cuts interest rates of savings tools

The government has cut the interest rate on savings certificates and wage-earner bonds by 1 to 3 percentage points – a move that may help the authorities save but hurt the middle-income group dependent on the returns to make a living.
21 September 2021, 18:00 PM

Transport strike affects export, import

The transport operators’ countrywide strike yesterday affected export and import of goods at a time when businesses have been attempting to make a recovery from the fallouts of the Covid-19 pandemic.
21 September 2021, 18:00 PM

ADB launches new strategy to help Bangladesh boost competitiveness

The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Bangladesh to boost competitiveness, employment, green growth and social protection.
21 September 2021, 13:20 PM

Market diversification key to RMG growth

The year 2021 is a significant one for Bangladesh as the country is celebrating its 50th year of independence.
20 September 2021, 18:00 PM

2,080 tonnes of hilsa going to India

The commerce ministry yesterday gave go-ahead to 52 companies to export 2,080 tonnes of hilsa fish to India by October 10 this year, as the Indian government wanted this popular fish from Bangladesh ahead of the Durga Puja, a religious festival for the Hindus.
20 September 2021, 18:00 PM

Loan write-offs pick up

Write-off loans rose slightly in the second quarter of 2021, although they remain at the lower level thanks to the eases of rules because of the coronavirus pandemic.
20 September 2021, 18:00 PM

IT freelancers, tea exporters to get cash incentive

Freelancers who work to export software and IT enabled services are going to get 4 per cent cash incentive along with exporters of locally grown tea, bicycle and parts, steel products and cement sheets in the current fiscal year.
20 September 2021, 18:00 PM

Pathway built to achieve food security

The government has prepared a national guideline to achieve food security and meet the Sustainable Development Goals (SDGs), officials said yesterday.
19 September 2021, 18:00 PM

Govt seeks duty-free access of 137 products in Saudi market

Salman F Rahman, the prime minister’s private industry and investment adviser, has urged the Kingdom of Saudi Arabia to grant 137 Bangladeshi products duty-free access to its market.
19 September 2021, 18:00 PM