Garment exports to rebound in May as global economy on the mend

Garment export from Bangladesh may witness a strong rebound from May as suppliers are receiving a lot of inquiries from international buyers as the global economy recovers from the severe fallout of the Covid-19 pandemic and the Russia-Ukraine war.
14 February 2024, 01:00 AM

Move to shrink credit flow to private sector may hurt economy

The central bank's move to squeeze credit flow to the private sector will adversely impact production and job creation in the country in the coming months as the demand for working capital is already rising amid the heavy devaluation of the local currency against the US dollar, said a chamber leader yesterday.
14 February 2024, 00:39 AM

NRB Bank MD resigns

The managing director and CEO of NRB Bank has stepped down citing personal reasons.
14 February 2024, 00:00 AM

Female-headed households rise to a decade high

In 2022, some 17.4 percent of households were led by women, up from 16 percent the year before and 15 percent in 2020. It was 11.6 percent in 2013.
13 February 2024, 15:12 PM

Bangladesh revises plans to cut export aid

The new cash incentive on export receipts became effective from February 1 instead of the first day of January as announced earlier while some markets and products have been brought back under the facility following pleas from the business community.
13 February 2024, 01:15 AM

NBR chief blasts abusers of duty benefits

National Board of Revenue (NBR) Chairman Abu Hena Rahmatul Muneem yesterday said they provide duty benefits to industries after careful consideration as a section of dishonest businesses abuse such privileges, causing tax losses for the state.
13 February 2024, 00:45 AM

Summit plans to use Bangladesh as transit point to supply bandwidth to northeast India

The telecom regulator has sought consent from the government after Summit Communications Ltd applied to use Bangladesh as a transit point to supply bandwidth to the northeastern states of India.
13 February 2024, 00:30 AM

Tk 300cr project on the cards to train freelancers

The objective of the project is to make them eligible to earn foreign currency through freelancing
13 February 2024, 00:15 AM

Financial account deficit narrows slightly

The deficit in the financial account narrowed slightly in July-December of the current financial year, highlighting an easing of stress facing Bangladesh, central bank figures showed yesterday.
13 February 2024, 00:05 AM

Initial signs imply economy is recovering

The government is reviewing the total economic situation of the country as it seems that the economy is improving as per preliminary symptoms, Finance Minister Abul Hassan Mahmood Ali told parliament yesterday.
12 February 2024, 18:00 PM

Mongla yet to become a port of choice among businesses

Mongla Port, which was expected to get a new lease on life due to the increasing flow of imported and exported goods after the opening of the Padma Bridge, is yet to become a port of choice among businesses.
12 February 2024, 16:15 PM

Swadesh Islami Life’s registration suspended over scam

Around a month past most of its directors being relieved of their duties over the alleged embezzlement of a fixed deposit and violation of the insurance act, Swadesh Islami Life Insurance Company has now had its registration suspended for three months
12 February 2024, 15:30 PM

Four new products set to get GI status

The Department of Patents, Designs and Trademarks (DPDT) today published journals approving four products with geographical indication (GI) status.
12 February 2024, 15:16 PM

Govt names export trophy winners of FY22

The government yesterday named the winners of the National Export Trophy for fiscal 2021-22, with Rifat Garments Ltd set to receive the highest award, the Bangabandhu Sheikh Mujib Export Trophy.
12 February 2024, 15:07 PM

Economy under review to assess overall situation: Mahmood Ali

The government is reviewing the economy of the country to assess the overall situation, Finance Minister Abul Hassan Mahmood Ali told parliament today.
12 February 2024, 14:01 PM

Signs of reverse migration to villages as economic struggle persists

The number of people who returned to villages from cities and major towns almost doubled in 2022 from a year ago as living expenses exceeded their incomes, official figures showed.
12 February 2024, 01:42 AM

IMED plans to use drones extensively to monitor projects

The government is planning to use drones extensively to inspect and surveil public projects across the country in order to ensure quality and monitor whether contractors are doing their work properly during implementation.
12 February 2024, 01:32 AM

Govt to make rare reduction of own fund in ADP

In a move unseen in recent years, the government is going to cut the size of the fund meant for its own use while revising the annual development programme (ADP) for the current fiscal year.
12 February 2024, 00:32 AM

Pharma sector shows signs of recovery

The pharmaceuticals sector of Bangladesh appears to be rebounding from the crisis stemming from both external and internal fronts in recent years as exports are growing, said a top official.
12 February 2024, 00:15 AM

BB tightens rules on appointing bank directors

The Bangladesh Bank yesterday toughened rules on the appointment of bank directors and banned willful loan defaulters and tax evaders from sitting on boards as it moves to restore governance in the banking sector.
12 February 2024, 00:04 AM