The new measure will be effective from November 1 this year

Finance ministry issued the notification and letters for 10 banks 

The company’s sales in Q1 rose 48% YoY 

The growth comes despite global challenges such as inflation and supply chain disruptions, which have impacted other major garment-exporting nations, the report states

The import and export through Benapole-Petrapole land port remained suspended since this morning and it will continue till October 24

The International Monetary Fund and World Bank annual meetings are scheduled to draw more than 10,000 people from finance ministries, central banks and civil society groups to discuss efforts to boost patchy global growth, deal with debt distress and finance the green energy transition

Brent crude futures rose 8 cents, or 0.11 percent, to $73.14 a barrel by 0120 GMT

The cuts come just days after the country posted its slowest quarterly growth in a year and a half, underlining the deep economic woes the country faces.

The government yesterday appointed Md Anwar Hossain, vice-chairman of the Export Promotion Bureau (EPB), as administrator of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) after the resignation of the association's elected president, SM Mannan Kochi, on August 24.

Taufika Foods and Lovello Ice-cream PLC posted a profit of Tk 12.18 crore for the year ended on June 30, 2024.

Bangladesh has drastically reduced the import tariff on rice in order to encourage imports of the staple grain and increase its supply in local markets.

Financial literacy is crucial for empowering women entrepreneurs, according to Farzana Khan, general manager of the SME Foundation.."We must go beyond offering financial products and ensure that women have the skills and knowledge to navigate these services effectively. This will complemen

The shortage of reliable energy is a big concern for Bangladesh due to the country’s dwindling natural gas reserves and the escalating global prices of fossil fuels, according to energy experts, as they advocated for alternatives such as renewables and liquefied petroleum gas (LPG).

The government has been prioritising the import of urea and other fertilisers to meet the demand for this essential agricultural input during the upcoming Boro paddy season, the dry season rice crop.

Bangladesh’s foreign debt servicing surged 29 percent year-on-year in the first three months of fiscal 2024-25 owing to the country’s expanded foreign loan portfolio and the rise in global interest rates.

When Sheuly Akhter and her friend entered a branch of Star Kabab in Dhanmondi on Thursday last week, marking their return to the establishment for the first time in nearly four months, they were surprised by the lack of customers.

Bangladesh’s digital aspirations are at risk. The Bangladesh Telecommunication Regulatory Commission (BTRC), once an independent force driving the nation’s telecom sector, is now caught in the grips of bureaucracy.

China may be on track to hit its “around 5 percent” economic GDP target for this year, but repeating the feat will get harder for policymakers. Third quarter growth logged in at 4.6 percent year-on-year, and that pace will need sustaining if the People’s Republic is to achieve medium-level developed economy status by 2035. Unless planners move their own goalposts, they’ll have to contort themselves a lot more.

Retail sales in the United States accelerated in September, according to government data released Thursday, a positive sign for consumption as the election approaches.

The listing of weak companies, looting and manipulation in the last 15 years were not reflected in the stock market index due to the floor price and circuit breaker, said the finance ministry in a press release yesterday.