Car sales screech to 10-year low as prices accelerate

US dollar crisis and economic vulnerability has caused passenger car sales to plummet to a 10-year low
19 January 2024, 01:05 AM

World Bank, ADB promise more support but call for reforms

Both the World Bank and Asian Development Bank (ADB) have assured they will continue supporting Bangladesh’s growth but stressed the need for economic reforms that are crucial for the country to become a developed nation.
19 January 2024, 00:15 AM

BTCL, Teletalk asked to clear dues of Tk 3,000cr

BTRC demanded payments from Teletalk and BTCL to clear dues of Tk 3,000 crore, a staggering amount
19 January 2024, 00:10 AM

Banks asked to open revenue account against projects

The central bank yesterday instructed banks to ensure the opening of revenue accounts under the name of the projects they fund in order to ensure smooth repayment of loans and their proper monitoring.
19 January 2024, 00:02 AM

Navigating dual-brand strategy

It is often believed that a dual-brand strategy is perfect for companies that want to confuse their customers twice as much! Many criticise the proposition of two brands sarcastically as “why limit your market failure to just one brand when you can fail with two?” Or “one brand just isn’t enough to hide all your mistakes.” Such views are particularly common when your lone brand is not performing well.
18 January 2024, 18:52 PM

Higher production costs blindside building material industry

Despite registering higher revenue, building material makers profits were down for increasing production costs
18 January 2024, 00:42 AM

Corruption remains main hurdle for businesses

Corruption was the leading problematic cause for businesses in 2023, with energy crisis posing the highest risk over next two years
18 January 2024, 00:30 AM

Assign someone to imagine

Introducing a “Meatless Sunday” in the office cafeteria or a “Feedback Thursday” on the office intranet does not require a super-thinker. A recently graduated management trainee can think of such simple innovations.
17 January 2024, 18:52 PM

BB makes money costlier to tame inflation

The Bangladesh Bank yesterday announced an array of measures to bolster its fight against stubbornly high inflation, a major headache for the new government.
17 January 2024, 18:00 PM

BB rate hike may help contain inflation but will impact private credit

Increasing policy interest rate to contain inflation likely to affect business and impact banking liquidity, according to two leaders of top chambers
17 January 2024, 15:42 PM

Governor defends liquidity support to cash-strapped Islamic banks

BB's liquidity support to cash-strapped Islamic banks are as per the governor's power, says BB chief Abdur Rouf Talukder
17 January 2024, 15:42 PM

Understanding the key points of the monetary policy

The Bangladesh Bank unveiled its monetary policy for the second half of the current fiscal year, with the goal to tame runaway inflation, which has been a concern for the past two years. Here are the major points of this monetary policy, and how they might -- at least in theory -- ensure a smooth economic journey for Bangladesh over the next six months.
17 January 2024, 13:46 PM

Lingering Red Sea crisis pushes up trade costs for Bangladesh

The Red Sea crisis is affecting Bangladesh's international trade as costs have increased
17 January 2024, 01:45 AM

Policy rate hike looms again as previous attempts yield little success

To tame inflation, BB is likely to increase the policy rate further
17 January 2024, 01:15 AM

Banks barred from transferring forex to offshore branches

BB yesterday barred banks from transferring foreign currency to their offshore units
17 January 2024, 00:36 AM

Annual import of consumer-oriented products rises to $2b

Bangladesh has seen an increase in import of products such as dairy, fruits driven by demand form the middle-class
17 January 2024, 00:36 AM

USD shortage, inflation slowing automobile sales

Automobile sales in Bangladesh recorded the steepest fall in profits among all sectors in fiscal 2022-23
17 January 2024, 00:00 AM

Sheltech Ceramics raises Tk 150cr

Sheltech Ceramics, a ceramics manufacturing company and a concern of Sheltech Group, has raised Tk 150 crore by issuing non-convertible cumulative preference shares.
17 January 2024, 00:00 AM

Building ethical foundations in a challenging terrain

In a business world plagued by unethical practices, adhering to ethical standards may seem idealistic to most - due to deeply ingrained practices. They leverage the unethical system for personal gain, acclaiming it as a “pragmatic survival strategy”. However, pursuing wealth and fame through unethical practices often lands them in prison.
16 January 2024, 18:36 PM

Repayment to rise 63pc in three years

The government’s foreign debt repayment is expected to increase as much as 63 percent by fiscal year 2025-2026 from the last financial year, indicating renewed pressure on the country’s coffers
16 January 2024, 18:00 PM