Bangladesh’s economy is facing a tough time owing to depleting foreign exchange reserves and persistently higher inflation.

Candy, which did not attract the attention of exporters even a decade ago, has become one of the top five items in Bangladesh’s processed food export basket, highlighting the much-needed value-addition brought on by manufacturers. 

Around 80 percent of businesses in Bangladesh opined that the country’s economy would avoid further decline in the next six months, according to the LightCastle Business Confidence Index (BCI) 2022-23.

Ahead of the upcoming national elections, the local government division (LGD) has spent more money from the annual development programme (ADP) than other major ministries and divisions.

Small and medium-sized garment factories in Bangladesh are finding it increasingly difficult to keep their heads above water amid the rising cost of production and a fall in work orders from international clothing retailers and brands.

Bangladesh is set to enjoy duty-free market access beyond its graduation from the least-developed country bracket in November 2026 after the World Trade Organisation yesterday decided to extend support measures for graduating countries.

Crown Cement PLC made a profit of Tk 61.03 crore in the financial year that ended on June 30.  

Beacon Pharmaceuticals PLC posted a 45 percent year-on-year decline in profit to around Tk 51 crore in the last financial year, suffered by increased cost of raw materials and inconsistent supply of gas.

For the first time in over a year, European Central Bank policymakers are expected to decide against raising interest rates again when they gather in Athens on Thursday.

Sales of heavy-duty commercial trucks in Bangladesh fell nearly 34 percent year-on-year in the January-September period this year due to shrinking economic activities and higher prices stemming from the devaluation of the local currency against the US dollar.

Although Bangladesh Bank is taking several initiatives to reduce inflation, only implementing monetary policies is not enough as fiscal policies also play a big role in this regard, according to the South Asian Network on Economic Modeling (Sanem).

Square Pharmaceuticals PLC, the country’s biggest drug maker, has announced its plan to invest Tk 400 crore for expansion.

Salt farmers in Chaufaldandi union under Cox’s Bazar sadar upazila are preparing their fields early this year as they aim to secure higher profits before imports potentially dampen the market.

Bangladesh Export Import Company Ltd (Beximco) witnessed a massive drop in profit in the last financial year while Beximco Pharmaceuticals Ltd also reported lower earnings owing to a spike in the cost of production.

One of the primary tasks of the internal communication function of a company is to inform co-workers about the organisation. It tells the people about its significant decisions, achievements and values on a business-as-usual basis. Almost all large businesses have mechanisms to ensure co-workers are well-informed about the company’s vision, mission and strategies.

BSRM, the biggest steel maker in Bangladesh, has taken a nearly Tk 1,900 crore scheme to set up its second re-rolling plant to expand its capacity and cater to increased demand for public and private construction in the country, it said yesterday.

Many garment makers in Bangladesh are not honouring their primary contracts for buying yarn from local spinners as work orders from abroad have decreased amid volatility in the global economy.

Most industries in Bangladesh spend less than Tk 500 per year on research and development (R&D) per worker, according to the Centre for Policy Dialogue (CPD), a scenario that may hold back a country aiming to become a manufacturing hub and a developed nation in less than two decades.

Most industries spend less than Tk 500 per year in research and development (R&D) for a worker, said the Centre for Policy Dialogue (CPD) today.

Bangladesh Bank is likely to give primary approval today for the formation of digital banks in the country.