Priorities that should top new govt’s to-do list

Restoring macroeconomic stability and resuming growth momentum are factors the new government should prioritise, said Sadiq Ahmed
16 January 2024, 01:35 AM

Pharma profit falls for first time in five years as costs escalate

Rising production cost is the primary reason for the shrinking profits of pharma companies in Bangladesh
16 January 2024, 01:06 AM

Output falls 25% for packaging industry amid lower demand

Under supply of raw materials and a decline in demand resulted in contraction of 25 percent in 2023 for packaging industry
16 January 2024, 01:00 AM

Five key rules to grow your income

Saving a handsome amount from regular incomes is mostly difficult and takes a long time. An extra income is a blessing to grow your savings faster. But how can you earn extra money?
16 January 2024, 00:35 AM

It's peak season for potato, but prices are still high. Here’s why

A supply disruption is causing the consumers to pay more for purchasing potatoes
15 January 2024, 15:40 PM

FMO to give $50m loan to Prime Bank for sustainability initiatives

FMO, a Dutch entrepreneurial development bank, will provide a term loan of $50 million to Prime Bank to amplify the latter’s commitment to inclusivity and sustainability.
15 January 2024, 12:23 PM

Dollar crisis puts small and medium firms on weaker footing

Dollar crisis along with LC opening difficulties is giving small and medium firms no respite
15 January 2024, 01:15 AM

Govt to build two fertiliser factories

The government is planning to set up two fertiliser factories for the country to become self-sufficient in fertiliser production, said Industries Minister Nurul Majid Mahmud Humayun yesterday.
15 January 2024, 01:00 AM

Handset production drops for first time amid currency surprises

Higher US dollar rate, increase in taxes and lower sales have caused a decline in local handset production in 2023
15 January 2024, 00:30 AM

Govt hikes interest rate on dollar bonds

The government has increased the interest rates of two US dollar-denominated bonds by up to two percentage points
15 January 2024, 00:28 AM

Inflation eases but stays above 9%

Inflation eased in December but remained at more than 9 percent for the 10th straight month
15 January 2024, 00:15 AM

Investment rises as Bangladesh conquers the world of denim

Being the top supplier of denim in both the EU and US, local investors are continuing to pour funds to capitalize growth
14 January 2024, 00:45 AM

BB to adopt crawling peg. Can it end exchange rate volatility?

BB's adoption of crawling peg as per IMF prescription will possibly rule out a market-driven exchange rate, as suggested
14 January 2024, 00:30 AM

What is a crawling peg?

Its a system of exchange rate adjustments in which a currency with a fixed exchange rate is allowed to fluctuate within a band of rates.
14 January 2024, 00:15 AM

'Gas, dollar crises halt business expansion'

Demand for credit has not increased as businesses have had to suspend their investment and expansion drives for the natural gas and dollar crises.
14 January 2024, 00:00 AM

Motorcycle sales dropped to five-year low in 2023

Global economic crises and inflation pressures are among reasons behind the decline of Motorcycle sales in Bangladesh
13 January 2024, 15:18 PM

NBR lifts advance tax on import of computer accessories

The National Board of Revenue (NBR) has lifted Advance Tax (AT) on import of parts and accessories for computers to be made locally, according to a notification.
13 January 2024, 14:58 PM

Import payments ease for eight essentials

The central bank has allowed imports of edible oil, chickpeas, pulse, peas, onion, spices, sugar, and dates on usance terms for up to 90 days under supplier’s or buyer’s credits.
12 January 2024, 01:17 AM

No time to waste as new finance minister inherits wobbly economy

The economy is losing momentum. Inflation remains stubborn. Bangladesh is facing deterioration in external buffers, with official reserves falling to $20.18 billion as of January 10, less than half their historic peak in 2021. The currency shock is lingering.
12 January 2024, 00:30 AM

Garment sector weathered global headwinds

Bangladesh’s garment sector has firmly weathered the storm of Covid-19 and emerged stronger in spite of the hardships, reaffirming its position as a leader in sustainable and responsible business.
12 January 2024, 00:17 AM