The government is considering granting a tax exemption for foreign grants provided to local researchers in order to boost their activities and earn more foreign currency.

Bangladesh needs to increase smartphone penetration among its mobile phone users as a prerequisite for the introduction of 5G technology, said Yasir Azman, chief executive officer of Grameenphone.

For the past two and a half years, entrepreneurs in Bangladesh have been facing numerous hurdles, beginning from a dollar shortage and a sharp rise in import costs for their escalated rates in global markets and the depreciation of the taka.

Endowment is the most popular life insurance plan in Bangladesh as it offers a life cover and fixed returns

Bangladesh Bank yesterday said it would take the initiative for the mergers and acquisition of banks from March 2025 if they fail to do so voluntarily by December this year.

The president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday faced a barrage of questions from the United States International Trade Commission (USITC) during a hearing.

The agriculture ministry has announced a Tk 64.15 crore incentive package to encourage small and marginal farmers to produce Aush paddy and boost overall production.

AP Moller Maersk, a Danish shipping and logistics company, will likely invest between $300 and $400 million for constructing the Laldia container terminal at Chattogram Port, according to project officials.

The government yesterday initiated talks to sign the Economic Partnership Agreement (EPA) with Japan in order to retain the duty benefit after Bangladesh's scheduled graduation to a developing nation in 2026.

The garment industry, a cornerstone of Bangladesh’s economy, faces a looming challenge, i.e. overcapacity. The unplanned expansion and excessive capacity in a few products created a major fault line for the industry.

Although the commerce ministry yesterday fixed a price range for dates, a key food item for the fasting month of Ramadan, businesspeople opined that it is not possible to make a profit and sustain their trade selling the fruit at those rates.

Importers have again taken to bringing over potatoes through Dinajpur’s Hili Land Port after nearly one and a half months as prices had started to rise, though local harvests are about to end.

Bangladesh should make the most of the LDC-linked trade benefits during the extended three-year period agreed by the member countries of the World Trade Organisation (WTO), said experts yesterday.

Bangladesh’s agricultural product exports have slightly increased year-on-year during this fiscal year, marking a turnaround from a gradually drop over the past three years thanks to, according to industry insiders, restoration of supply chains and a slight improvement in the US dollar crisis.

Noted economists recommended focusing on macroeconomic stability, publishing the names of top loan defaulters, and forming a review commission on government expenditures.

Beximco Ltd has decided to issue bonds to raise Tk 1,500 crore to repay bank loans and invest in Sreepur Township Ltd in what could be the largest corporate zero-coupon bond issuance in Bangladesh.

In spite of making progress in various sectors, Bangladesh still faces challenges in attracting foreign direct investment (FDI) due to problems faced once businesses are formed, according to Asian Development Bank Country Director Edimon Ginting.

As businesses in Bangladesh grow, they are also participating in various programmes to transform their businesses for the future. Half of the CEOs in Bangladesh who were surveyed for PwC’s 26th Annual Global CEO Survey 2023 responded that their business will lose economic viability in less than 10 years if they stay in the current course.

Noted economists recommended focusing on macroeconomic stability, reduction of default loans, and reducing expenditures on mega-projects in the national budget for fiscal year 2024-25.

The Planning Commission has identified seven hurdles standing in the way of the smooth implementation of foreign-funded projects, a move that may go on to help the government avoid unnecessary delays and save money.